From Birch Gold Group According to official reports, in about 15 years a big cut to Social Security benefits can be expected if nothing is done. As we’ve reported before, the clock is ticking. The “big cut” is 25%. What’s even more troubling …
The College Board plans to assign an adversity score to every student who takes the SAT to try to capture their social and economic background, jumping into the debate raging over race and class in college admissions. This new …
BY JOHN RUBINO Steve Keen: You don’t get asset prices at these levels without soaring leverage … Thom Hartmann: The coming war with Iran is yet another US false flag operation … Charles Hugh Smith: America’s next big crisis coming …
by Graham Summers of Gains, Pains, & Capital The stock market is primed for a bounce. Bears had their chance to take out support yesterday and failed. Stocks held the most important line (red line below), suggesting it’s time for a bounce. Here are …
by independenttrader Over the recent days, financial markets again has been dominated by the ongoing trade war between U.S. and China. However, prolonged negotiations are just one of many unsolved problems in Beijing. Donald Trump raises tariffs on Chinese products …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But what will happen to banks and automakers when the cycle turns? Serious auto-loan delinquencies – 90 days or more past due – jumped to 4.69% of outstanding auto loans and leases in the first quarter …
via @TaviCosta: Gold-to-S&P 500 re-testing its multi-year resistance line. This could mark a critical inflection point for precious metals. This pattern resembles the GFC when the ratio broke out in the 06 housing bubble and then re-tested at the 07 stock …
via @RudyHavenstein: In 2017 (latest available report), the Fed had 19,161 employees, including 1,630 “other officers” (not the President), making, on average, salaries (ex-benefits) of $233,099. The rest averaged over $100k. https://www.federalreserve.gov/publications/2017-ar-statistical-tables.htm … If you add up “Salaries and other personnel expenses” …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years. In Greater Vancouver, BC, Canada, house prices fell 0.4% in April …
by WARREN MOSLER Weak and weaker than expected: Highlights The second quarter gets off to a stumbling start pulled down by a 0.2 percent headline decline in an April retail sales report where the core details show unexpected weakness. Excluding autos, …
1:44 Barr taps U.S. attorney John Durham to investigate Russia probe’s origins. #Hannity #FoxNews FOX: “@JohnBrennan is claiming he & Clapper did NOT want to include the Steele dossier; that it was @Comey who insisted on using it https://twitter.com/LisaMei62/status/1128440215448760321 …
Do you think investors have priced in a completely successful trade deal? Stocks rose today and why? Well no reason really. But it’s certainly great news. Good news is good news. Bad news is good news. No news is good …
By Jared Dillian People fight about money all the time. It has been quantified. A third or more of all arguments in marriages are about money. Usually this falls into one of two categories: Spouse A thinks that Spouse B spends too …
by Patrick Watson The yield curve isn’t the only sign recession is coming. Rising corporate hubris says the same thing. Business scandals seem to peak at the end of every growth cycle. I suspect that’s because CEOs are human, and …
via donsurber: “John Yoo was a Deputy Assistant Attorney General under Bush 43. Yoo told Fox News that by appointing a U.S. attorney to the Spygate case, Bill Barr told the world to expect indictments. . . . Most conservatives have …
New York, California get ‘aggressive’ when residents try to flee high taxes As an increasing number of residents are looking to leave high-taxOpens a New Window. states, such as California and New York, some of these state and local governmentsOpens a New Window. are not …
by Michael Ballanger via Streetwise Reports Sector expert Michael Ballanger muses on the effects of Twitter and political maneuvers on the markets, and specifically on a favorite gold explorer. I have a confession to make: There are no free markets anymore; there are …
by Claudio Grass via Claudiograss.ch Interview with Dimitri Speck Given the massive intervention and monetary manipulation experiment by central banks over the last decade, the amount of distortions created in the market, as well as the record debt accumulation at all levels of …
Gerald says Trump will do everything he can to win in 2020, including using the Fed to rig the markets. The Fed is a gang and a club. Gerald explains… Gerald Celente interviewed on SBTV SBTV had a great conversation with the …
This time it’s about the safe deposit boxes at Metro Bank. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Shares in Metro Bank, until recently the UK’s fastest growing high street lender, slumped 11% on Monday to £4.75, the …
by TFittonJW Great Inside Judicial Watch discussion (my colleague Bill Marshall on the right): Latest JW update: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-records-obtained-in-court-ordered-discovery-reveal-obama-white-house-tracking-foia-request-for-clinton-emails/ https://www.judicialwatch.org/press-room/press-releases/judicial-watch-records-obtained-in-court-ordered-discovery-reveal-obama-white-house-tracking-foia-request-for-clinton-emails/
France, New Zealand to launch a call to end online extremism PARIS (AP) — The leaders of France and New Zealand will make a joint push to eliminate acts of violent extremism from being shown online, in a meeting with …
As Nielsen chronicles the CNN ratings plunge, and headlines document the CNN staff purge, what options are left for the pioneer in 24-hour cable news? Will it survive by a resort to actual journalism, or will it continue to follow …
From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Safe-haven assets will seize the spotlight, gold prices will keep rising this year, and U.S. Mint seeks redesign for …
Link to Open Office Alternative to Microsoft Products, and it’s FREE: https://www.openoffice.org No, I am not making money off this. Just sharing the news for others who don’t know this is available. AC
This article was written by Mac Slavo and originally published at SHTFplan.com When the average everyday American begins to have trouble paying their bills, it’s most often a sign that the economy is not doing that well and we’ve reached that …
Via AdventuresInCapitalism.com, I have been highly critical of the Profitless Prosperity Sector (a.k.a the Ponzi Sector). The sector consists of companies that are effectively Ponzi Schemes; in that they have accelerating losses but show blistering growth rates in order to attract new …
by David Haggith So much for the trade war being “good and easy to win.” Let’s be honest. Trump has been grinding away on it for almost a year now, and China has barely flinched in its negotiations. On Friday the …
Washington is flirting with a debt crisis. No one has a plan to stop it Washington (CNN)The US government is hurtling toward a potential financial crisis, and no one in Washington seems to know how to stop it. As lawmakers trade …
by northmantrader And then The Never Ending Market Rally ended. With a tweet no less and $VIX exploded 82% higher just days after $VIX futures net short positioning reached an all time high. Knuckleheads. Look, technicals matter greatly, but so do sentiment, the …