by Lance Roberts IBD recently penned an article touting the success of the recent tax cuts from the Trump administration. “The Treasury Department reported this week that individual income tax collections for FY 2018 totaled $1.7 trillion. That’s up $14 billion from fiscal …
via Joe Guzzardi: The headline financial news story of late is Verizon’s announcement that it offered a voluntary severance package to about 44,000 employees or about one-third of its workforce. But the subtitle is equally disturbing. Verizon will transfer more than 2,500 jobs …
From Brittany Hunter via FEE.org: For as often as the phrase “history repeats itself” is used, it’s shocking how rare it is for mankind to actually learn from its mistakes. This year marks a decade since the housing crisis rocked the …
by Chris Black We will soon be forced to add nutrition fact labels to our memes… Today’s Kafkaesque news story comes from the former greatest country in the world, the United Kingdom respectively. The thing is, the British Empire was …
by Raúl Ilargi Meijer M. C. Escher Meeting (Encounter) 1940 It’s no surprise that China has its own plunge protection team -but why were they so late?-, nor that Beijing blames its problems on Trump’s tariffs. GDP growth was disappointing at 6.5%, …
via Bloomberg: Renters finally have reason to rejoice: their housing costs dropped last month for the first time in six years. The median rent for apartments, single-family homes and other residences across the U.S. was $1,440 in September, down 0.2 …
via confoundedinterest: The Dow “Smart Money” Flow index has dropped to its lowest level since April 2009. The Smart Money Flow Index is calculated by taking the action of the Dow in two time periods: the first 30 minutes and the …
by Chris I see this as obvious attempts by TPTB to blunt any selling and maybe even ignite the “animal spirits” (an odd thing to call software programs internal parameter settings, but there you have it) to get things moving …
by Prison4SideofBeef The jealous girlfriend meme was recently condemned in Sweden for being sexist. http://archive.is/sbBNF Hillary Clinton gave a famous speech in 2016 where she asked why she wasn’t 50 points ahead and then blamed people who posted Pepe memes …
Watch the latest video at foxnews.com The liberal group American Bridge 21st Century announced Wednesday night that it had fired one of its operatives a day after he was arrested and accused of battery against the female campaign manager for …
by Dave Kranzler of Investment Research Dynamics “’DON’T PANIC!!!!’ Just 6.9% off of the most offensive valuation extreme in history.” – Tweet from John Hussman, Hussman Funds The above quote from John Hussman was a shot at the financial media, which was freaking out …
via westcooknews: Cook County says the Maywood boyhood home of Illinois Black Panther Party leader Fred Hampton is worth $141,920. Its tax bill: $8,430, or an effective property tax rate of about six percent. Property tax rates that high– more than …
The stock and bond markets look like they are wobbling and signaling a warning. One day the stock market is up 500 points, and the next it’s down 800 points. Gregory Mannarino of TradersChoice.net says, “Nothing is real and everything …
Holy smokes, Nova Scotia. Cannabis sales top $660,000 on Day 1 HALIFAX—Nova Scotians who lined up outside the province’s only legal pot purveyor on the first day of legalization Wednesday purchased more than $660,000 worth of product. Nova Scotia Liquor Corporation spokesperson Beverley Ware …
by TFittonJW Great WMAL interview on Judicial Watch’s Clinton email court efforts: The full audio: Here is the press release: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-federal-judge-shocked-clinton-aide-granted-immunity-by-justice-department/ A link to the court hearing transcript: https://www.judicialwatch.org/document-archive/jw-v-state-benghazi-talking-points-transcript-01242-2/ My Judicial Watch discussion of the hearing:
by Troy Over the past 2 days I’ve been demonstrating quantitative studies about why the U.S. stock market will probably retest its lows (here and here). The retest wave is happening right now. With that being said, here’s why the retest wave …
Jason talks about how US stocks are being sold off for reasons that the mainstream financial media is not mentioning! This includes: more volatility making institutional investors skittish, the US Dollar rally continuing, President Trump continuing to want to escalate …
But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Italy’s government bonds are sinking and their yields are spiking. There are plenty of reasons, including possible …
by SP I thought that the ariticle posted today by a trauma surgeon / prepper was very good and overlaps many of the things that I have been pondering. I will repeat several main points and add my 2 cents. His …
by Chris Black It looks like the “Meskin” government actually listens to President Trump’s words, and does what he says, unlike most branches of the US “feral gummint”. You think I am kidding, I know. Yet, judging from what happened …
By Harry Dent I’ve been waiting for the recent spike in T-bonds in the U.S. A similar spike occurred in the early 1930s crash. Ten-year yields first jumped from 4.5% to 5.5% in 1931 and then fell all the way …
https://www.youtube.com/watch?v=-o-6C-wkKdM Criminals are running california, Ricardo Lara is running for insurance commisioner to include undocumented individuals on the affordable care in cali. Eventhough some latinos have done well financially most receive minimum wage and if allowed insurance on the affordable …
Who ran college expenses up so high in the first place? Was it the left wing university system and the left wing federal government? Also the universities have left wing politicians coming to speak at exorbitant fees. That’s ridiculous!! They’re …
by Dennis Miller A friend asked why I have an offshore account. I countered, “Do you REALLY trust the government?” He felt the Fed saved us in 2008 with their Quantitative Easing (QE). The economy is great, and employment is rising. …
https://www.youtube.com/watch?v=85JVS6n_QvI https://www.nytimes.com/2018/08/05/business/bankruptcy-older-americans.html … medical bills … mortgage … their CHILDREN’S COLLEGE LOANS! … AC
Lots of news stories are being blamed for today's sell-off in stocks. The reality is the market likely would have sold off today even if none of those stories took place. Bear markets don't need excuses to fall, but investors …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Bigger issues than propping up the stock market beckon. Today, the Shanghai Composite Index dropped another 2.9% to 2,486.42. In the bigger picture, that’s quite an accomplishment: Lowest since November 27, 2014, nearly four years ago …
via ocregister: Southern California’s economy is growing at its slowest pace in more than seven years, according to an index from the Federal Reserve Bank of St. Louis. To create regional indexes that track a region’s business output, Fed researchers reviewed a …
by Chris Now, it is my strong contention that the various interested parties and authorities finangle the “”markets”” as much as they can and as long as they can. This is deleterious for a number of reasons, but mostly because …
by Chris And here’s where today’s battle lies; at the 200 day moving average (dma) of the S&P 500. Already we’ve had two bounces off of that as a vigorous goal-line defense is mounted at this critical level (spx 2768.04): …