via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Are you ready to hand your job over to R2D2? According to a recent study, it’s forecasted by the Mckinsey Global Institute that up to 800 million workers worldwide …
Authored by Charles Hugh Smith via OfTwoMinds blog, Our entire economy is characterized by cartel rentier skims, central-bank goosed asset bubbles and stagnating earned income for the bottom 90%. Despite the rah-rah about the “ownership society” and the best economy …
Mark Taylor, author of the popular book “The Trump Prophecies,” says, ““The news media is going to be gutted. God is done with the news media. When Donald Trump says the fake news is the enemy of the people, he …
by Michael Snyder I do not have any explanation for what you are about to see. On election night in Broward County, one deeply concerned citizen captured video footage of ballots that had been transported by private vehicles being loaded into a …
via @neilazous: MS: Only SPX beating inflation BAML: Only 23% of 300 assets have positive return DB: 89% of asset classes have negative total return in $ terms State Street: 1st time since 1990 global stocks/bonds negative
BY JOHN MAULDIN Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash yet. Whether it’s wise or not depends on …
by Thinker Shouldn’t there be some concern somewhere over a very close vote, by a woman Maxine Waters who has been in office since 2009, and she can’t get more than twenty people to show up for a meet and …
by Thinker Now that Sessions is out, maybe there is hope for the cannabis industry to make it a United States and not a divided one when it comes to laws, use, and cures of cannabis. Jeff Sessions…was he paid …
by Thinker Once again, you can’t fault the Chinese for playing the game of “RISK” and buying instead of fighting to get what they want. Thanks to the U.S. troops and wars, they opened the doors for most nations to …
by WARREN MOSLER Highlights Consumer credit growth slowed more than expected to just $10.9 billion in September, below Econoday’s consensus range and less than half of the upwardly revised $22.9 billion August increase. Growth slowed in nonrevolving credit, which rose …
by Chris Kimble Housing market concerns are bubbling up once again. Remember the 2007 housing bubble? Well this may not end the same way, but it’s definitely worth noting the weakness in the housing sector. Especially the homebuilders (via the Dow Jones Home Construction …
By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The City of London was just dealt its biggest Brexit-related blow following an announcement by American financial markets operator CME Group that it is shifting its European market for short-term financing, the largest …
by Michael Snyder Well, that escalated quickly. On Wednesday, President Trump fired Attorney General Jeff Sessions, and by the end of the day major leftist organizations had already put together protests in 900 U.S. cities to make a “public demand …
by Michael Snyder It is difficult not to admire the relentless optimism on Wall Street. A divided Congress is going to guarantee two years of gridlock and political turmoil in Washington, but many in the financial community are choosing to interpret …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to almost, but no cigar, $4 trillion, or more precisely $3.93 …
by AlexPitti When you combine +20% earnings growth with a flat market, the multiple compresses. The problem is earnings fall in slowdowns. If those potential negative catalysts end up coming true, stocks will falter because they trade on future estimates, …
BY JOHN MAULDIN The US Treasury has closed the books on Fiscal Year 2018, which was another debt-financed failure. The federal government spent above $4.1 trillion in FY 2018. It had to borrow $779 billion on budget and a few hundred …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Startups spend almost 40 cents of every VC dollar on Google, Facebook, and Amazon.” Chamath Palihapitiya, CEO of Palo Alto-based Social Capital – a “technology holding company” – and an early Facebook executive responsible for increasing its userbase …
by Michael Snyder This is a very dark moment in American history. On November 6th, the American people gave the keys to the U.S. House of Representatives to the Democrats, and that means that the crazies will soon be unleashed on …
by Chris Black As I already told you in yesterday’s article, one of President Trump’s campaign ads was banned by both mainstream media outlets (the likes of CNN, MSNBC, Fox News et al) and Facebook. The reason for banning the …
via JEFFREY KLEINTOP: Key Points Recent stock market behavior and our belief in heightened risk of a peak in the global economic cycle in the next 6-18 months, makes it a good time to consider what has happened to stocks in …
BY JOHN MAULDIN I’ve gotten a lot of questions lately about whether I think we are entering into a bear market. The honest answer is I don’t know. First, looking back in history, there are two types of bear markets: those …
by Thinker Can the state of Florida get out from under the political cloud of corruption??? From the year that George Bush Jr. was running for president, and the Florida votes were counted last, the corruption in the sunshine state …
From USA Today: $145 million contract has been awarded to start the construction of a border wall along the U.S. Mexico border in Texas. U.S. Customs and Border Protection and the U.S. Army Corps of Engineers awarded a contract to construct about …
Josh Sigurdson talks with author and economic analyst John Sneisen about the crashing San Diego housing market as the bubble has been propped up to such an incredible pressure that we’re finally starting to see the resistance in the beautiful …
via visualcapitalist: View a high resolution version of this graphic. Inequality in America has become a major talking point in recent years. For many people though, the concept of inequality – the idea that wealth is spread very thinly at the lower end …
Tom Fitton is a MFing rock star! He’s got 3 lawsuits going against Soros. Sub to Judicial Watch if you aren’t already! h/t
by Matt from Silver Fortune via Silver Fortune Matt has a cool “role playing” type of post today in which he performs a thought exercise of what if would be like to go through an economic collapse. Carve out some time to listen …
NEW CIVILITY WATCH: Joe Manchin: Struggle Not to “Beat the Living Crap Out Of” Republican Opponent During Debate. FLASHBACKS: ● Hillary: ‘You cannot be civil with a political party that wants to destroy what you stand for.’ ● Former Attorney General Eric …
Vote No On Democrats. Please? Because I want to write without worrying about what insanity they’re going to impose on all of us next. And oooh, boy, every time I think they’ve reached peak insane they go “Hold my beer …