by Amy S. Wouldn’t it be horrible if the number of Americans without a job was higher today than it was during the economic collapse of 2008 and 2009? Well, that is actually true. As you will see below, nearly 102 …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Straggler behind the Fed and the ECB gets the drift. Total assets on the balance sheet of the Bank of Japan at the end of April ticked up from March but were flat with the record in February: …
By David Stockman According to Moody’s Investors Service, the now $3.9 trillion ETF industry could result in a toxic feedback loop of selling when market makers step away from supporting assets during market turmoil….. see the ETFlash crash of August 2015, when …
President Trump’s tariffs, once described as negotiating tools, may be here to stay The failure of the United States and China to reach agreement Friday on a comprehensive trade deal raises the possibility that President Donald Trump’s favorite negotiating tool …
https://www.youtube.com/watch?v=nue0czizvzs
via @chigrl: Global Trade Is Contracting For the First Time Since 2016
by Ryan McMaken of Mises Wire Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez unveiled sweeping new legislation on Thursday that would impose a federal cap of 15% on credit-card interest rates. The bill would also allow state governments to set interest-rate ceilings even lower …
April was another record month for illegal immigration The problem with waiting months to act decisively at the border is that we become accustomed to the new normal of record border numbers. According to Customs and Border Protection (CBP), April set …
via hotair: • Slap a new tax on banks with more than $50 million in assets. Kamala Harris especially likes this one, which would bring in an estimated $61 billion. Banks are big and bad, unless you want or have home …
Facebook Caught LYING About Censorship, Regulation Is Coming. Facebook banned several right wing figures but claimed this is normal for them but in a new report from the Associated Press we learned that not only does Facebook leave up the …
by Michael Snyder As expected, trade negotiations with China concluded on Friday with no trade deal in sight. Treasury Secretary Steven Mnuchin called the negotiations “constructive”, and that helped calm the financial markets, but there really isn’t any reason to be …
From Birch Gold Group During dry season, you always want to make sure you completely put out your campfire. Otherwise, it could quickly become an out-of-control brush fire. Right now, corporate debt is that brush fire. And rising interest rates since 2015 could …
via @OccupyWisdom : Leveraged loans are very risky because the loan is “leveraged” against the private equity group’s capital & it’s ability to turn a struggling company around while paying off all the debt. These loans are sold in packages (called collateralized …
Greg Hunter gives The Weekly News Wrap-Up for Friday, May 10th, 2019 President Trump gave an impromptu press conference today after some announcements on what his Administration plans to do to combat spiraling healthcare costs. He laid out the trade dispute with …
by TFittonJW Big results from Judicial Watch discovery in Clinton email “matter”: ‘WH called – have we received a FOIA request’ – State Department (Washington, DC) – Judicial Watch announced today that it obtained 44 pages of records from the State Department through court-ordered discovery …
by Michael Snyder It has been quite a year. In March, catastrophic flooding in the Midwest absolutely crippled thousands of farms and “as many as a million calves” were lost in Nebraska alone. Then in April we learned that African Swine Fever …
BY JOHN RUBINO Brian Reynolds on the coming pension crisis … Richard Wolf explains Modern Monetary Theory … Peter Schiff on the #DropGold campaign … Nate Hagens: Earth vs the amoeba … Michael Pento predicts “epic and massive crash in asset …
by Michael Snyder At 12:01 AM eastern time on Friday, President Trump followed through on his threats and hit China with a massive tariff increase. As you will see below, China immediately pledged to retaliate. U.S. and Chinese officials will …
by Lance Roberts “So, if the housing market isn’t going to affect the economy, and low interest rates are now a permanent fixture in our society, and there is NO risk in doing anything because we can financially engineer our …
It’s Time to Break Up Facebook …Mark is a good, kind person. But I’m angry that his focus on growth led him to sacrifice security and civility for clicks. I’m disappointed in myself and the early Facebook team for not …
by Money Metals Washington, DC (May 8, 2019) – U.S. Representative Alex Mooney (R-WV) introduced legislation this week to provide for the first audit of United States gold reserves since the Eisenhower Administration. The Gold Reserve Transparency Act (H.R. 2559) – backed by the …
Microsoft is set to release a new version of Word that uses artificial intelligence to make your writing ‘politically correct’.https://t.co/IOn8LZmJj8 — Paul Joseph Watson (@PrisonPlanet) May 9, 2019 New features will screen out ‘offensive’ language. Microsoft is set to release …
by GoldCore GOLD SUPPRESSION is “the BIGGEST ISSUE in the WORLD … it involves the valuation of all capital, labor, goods and services in the world and these valuations are being set in a really imperialistic and totalitarian way and …
by Egon von Greyerz My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever. But I hope it will never be achieved. When gold goes to …
via @TaviCosta: At that time USDCNY exchange rate was at 7.25! Today, it’s only 6.79. This divergence in monetary policy puts tremendous pressure on the PBOC to devalue its currency. Honest question: If Chinese growth is picking up again, why is …
via mybudget360: Most Americans are familiar with Alice in Wonderland. The Red Queen’s race in the story highlights Alice running but remaining in the same spot. Many Americans can relate. They are working harder yet somehow feel stuck. Putting more and …
by Dave Kranzler of Investment Research Dynamics The National Association of Realtors (NAR – existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a “seasonally adjusted annualized rate” basis (SAAR). Notwithstanding the reliability – or lack …
by Shaun Richards So far the trend towards economic weakness has by passed the United States much to the glee of President Trump. Some of you may have seen the rap to camera by Larry Kudlow who is the President …
by visualcapitalist From plastic-filled oceans to unequal pay, sustainability is a hot topic these days. Many people are wondering how we’ll move the needle on these important issues, and the business world is being pressured to take action. Society is demanding …
