by Daisy Luther When we think of “economic collapse” our imaginations usually lead us immediately to the desperation we’ve witnessed in places like Venezuela or Greece. We think of starvation, a complete lack of medical care, and waves of suicide by people who …
Lindsey Graham Blinks: Urges Trump to open govt ‘temporarily’… WASHINGTON, Jan 13 (Reuters) – A Republican senator close to President Donald Trump on Sunday backed a temporary re-opening of the federal government, in the 23rd day of the longest shutdown …
30 Democrats in Puerto Rico with 109 lobbyists for weekend despite shutdown Some 30 Democratic lawmakers left the government shutdown behind Friday on a chartered flight to Puerto Rico for a winter retreat with 109 lobbyists and corporate executives during which they …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is on purpose. Macy’s is not alone. Other department stores and brick-and-mortar retailers are into this too, at least the ones that haven’t filed for bankruptcy yet. So we’ll take a look (11 minutes):
by Charles Hugh-Smith This exhaustion of the neocolonial-neofeudal model was inevitable, and as a result, so too is the decline and fall of the European integration/exploitation project. That a single currency, the euro, would fracture rather than unite Europe was …
When Lehman Brothers declared bankruptcy ten years ago on Friday, the question on everyone’s minds was simple: “Who’s next?” If a pillar of Wall Street worth hundreds of billions of dollars just months before couldn’t be trusted with the public’s …
by axolotl_peyotl It’s becoming undeniably apparent that the mere existence of Trump is being weaponized by the military industrial complex to create significant cognitive dissonance (and indeed derangement) in huge swathes of the population. While conspiracy theorists and alternative researchers …
After 9 weeks of protesting the Yellow Vest Movement shows no sign of slowing. There is still minimal coverage by the mainstream media even after protests have started to spread to every major city in France, across Europe and to the UK. …
via kitco: “Bankruptcy happens gradually, then suddenly,” Ernest Hemingway All signs point in the same direction. We are heading toward another financial crisis and, this time, it will likely be much worse than 2008. There is a growing chorus of economists …
via @StockBoardAsset: Crashing US CFO Confidence implies PMI of 50.3 in Feb 2019, from 59.3 in Nov 2018. The economy is rapidly slowing, and stock market bulls hope policymakers can reflate assets like ’16 – might be much harder this time. …
by Jim Willie CB The year 2018 was a memorable year of great transitions. They involved changes in the political arena. They saw enormous changes in the debt picture, for both the USGovt and the major Western corporations. They saw …
Via Think Advisor The ex-fund manager tells ThinkAdvisor why a recession could occur in 2019 and why he left the market. The plummeting stock market is merely a prelude to the calamitous upheaval to come, legendary investor Robert Rodriguez tells …
by Thinker They’ve been politicians for half a century, and what/who does their history of voting,say come first for safety, concern, health & wealth? NOT THE COUNTRY THEY CHOOSE TO BE A POLITICIAN IN OR OATH TO ITS PEOPLE! Americans are being …
by Ruby Henley This is the reason for the wall! A California police officer was shot and killed day after Christmas when he stopped a car without a license plate. He was not an ordinary police officer, as he was …
by Michael Snyder Is the mainstream media overhyping the economic impact of the government shutdown for political purposes? Of course they are. Once upon a time the mainstream media in the United States at least attempted to maintain a facade …
by Michael Snyder At this moment the race for the Democratic nomination in 2020 appears to be completely wide open, but there is one potential candidate lurking in the shadows that could change everything. For a moment, I would like …
by Charles Hugh-Smith To get a good seat at the banquet of consequences, the owner of capital has to shift his/her capital into scarce forms for which there is demand. The Banquet of Consequences is being laid out, and so …
Watch the latest video at foxbusiness.com Forty percent of the world’s jobs could be done by machines in as soon as 15 years, according to a top expert on artificial intelligence (AI). Kai Fu Lee, a pioneer in AI who also works in …
by Dennis Miller When the Fed bailed out the banks at the expense of seniors and savers, interest rates tanked while investors sought out solid dividend-paying stocks. Interest rates are now rising, and the Fed remains hell-bent with continuing their aggressive …
Just watched an excellent video by Stefan Molyneux titled “The truth about Trump’s Wall Speach” where Stefan gives some hard facts about immigrants and welfare. https://www.youtube.com/watch?v=r1Nmsc7BQAk&feature=youtu.be&app=desktop Welfare use varies among immigrant groups. Households headed by immigrants from Central America …
earnings season is starting:– Apple guidance cut– Macy's guidance cut– Delta guidance cut– Ford firing thousands– Jaguar firing thousands — zerohedge (@zerohedge) January 10, 2019 Apple cut revenue guidance (for the first time in 16 years) Macy’s cut profit guidance, sending …
SPOT ON! America Is The GREATEST Country On Earth & She MUST Be Protected! Charlie Kirk Explains Why A Southern Border Wall Will Preserve American Culture! h/t Voluntaryist
by Frank Holmes, CEO, U.S. Global Investors A couple of months ago, Forbes updated its list of the wealthiest 400 Americans for 2018, with Jeff Bezos appearing at number one for the very first time. Worth some $160 billion, the …
by cbus20122 Just something I find rather interesting right now. If you look back at the history of global markets since the GFC, we’ve had a spattering of issues around the world that have caused a lot of worry in the markets. …
by Graham Summers of Gains, Pains & Capital This is getting old. The PPT is now juicing Oil higher, because doing so relieves stress in the junk bond market (a large percentage of junk bond issuers are shale companies that require higher Oil …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But all bets are off if something big breaks. Since the low point on Christmas Eve, the S&P 500 has rallied 9.9%, nearly half of which on December 26. This was helped along by the word …
by Michael Snyder In just a few days, this will officially be the longest government shutdown in U.S. history, and there is no end in sight. President Trump is pledging that he will not sign any spending bill unless it …
Trend-following algorithms turn bearish at swiftest pace since 2008 as machines steer more trades. From the Wall Street Journal: Investors have started to shake off last year’s steep losses, helping markets regain some ground in 2019. But the robots are still …
The Evidence Pours In: Poverty Getting Much Worse in America Poverty—and the stress of being poor—is killing people every single day A White House report recently proclaimed that the “War on Poverty is largely over and a success.” United Nations Ambassador Nikki Haley said …
via Mark Nestmann: Call me crass, but I wasn’t shocked to learn last week that Wells Fargo & Company (WFC) had agreed to pay a $575 million fine to settle claims by all 50 states related to bogus account openings and …