On Wire

by Tom McClellan The primary driver of stock prices is supposedly earnings, right?  So how is it that earnings as a percentage of GDP have been falling since a peak in late 2014, and yet the major averages like the DJIA and SP500 are up 60% since then? This week’s chart looks at some data … Read more

Via The Raconteur Report I thought I was clear, but apparently not enough so. “1) All data from China is based on information received from one of the most managed and controlled infolie-formation sources on the planet. The exact number of how many cases of corona virus, when and where they happened, and how many fatalities they have … Read more

Via Peak Prosperity Late yesterday, the US officially declared coronavirus a “national health emergency”. Some are starting to claim that it’s “too late” to do anything to stop the spread of coronavirus. Is it? Well, even if it’s too late to stop it, we may still be able to slow the spread substantially. The latest … Read more

by John Ward  The Western mass media seem determined to scare the wits out of (or distract) their citizenry with headline screamers treating Novel Coronavirus 2019 as an indestructible Horseman of the Apocalypse. The Slog offers some facts as an aid to a good night’s sleep. This was the London Times lead this morning: Nature magazine has called 2019-nCoV … Read more

Authored by Sven Henrich via NorthmanTrader.com, What if bears were right all along? What if it’s not different this time? What if this Fed liquidity inspired rally produced precisely the kind of exuberant final thrust we often see at the end of business cycles? After all, people were really bullish in 2007, people were really bullish in … Read more

President AMLO put it this way: “There may be no growth but there’s development and well-being, which are different.” By Nick Corbishley, for WOLF STREET: For Mexico’s economy, 2019 was not a good year. The country entered a mild technical recession in the first half and by the end of the year had registered its first annual … Read more

by northmantrader In real life you can always tell when someone has something to hide when they get really evasive in their answers. And boy was Jay Powell evasive in his press conference yesterday. Twice he was asked about the Fed’s policies causing risk assets to rise, twice he skirted with a non answer: Powell on … Read more

Market forces are always more powerful than central planners. Economic laws are unbreakable. Central banking and the Fed have been a foolish attempt to break them. One hundred years of folly is one hundred years too long! A major crisis is ahead, and the Fed is to blame.  

https://www.youtube.com/watch?v=LWO5r37oDiQ

https://www.youtube.com/watch?v=UVXYPbMQVRI&feature=emb_title

Who’s to blame for the deadly coronavirus that has spread from Wuhan, China to the rest of the world? High ranking Chinese Communist officials are blaming low ranking officials. Low ranking officials are blaming high ranking officials. And Wuhan residents are being targeted most of all.

Sh*t is sounding scary and real here! This is like a fucking movie all of a sudden!   Q33

by Dennis Miller Can bank bailouts bankrupt America? Why would congress let it happen? In a recent Daily Pfennig, friend Chuck Butler tells about educating his grandsons about the worst president there has ever been: “…. I couldn’t let that one slip … I explained to them that Woodrow Wilson was the all-time worst president, … culminating … Read more

by Daisy Luther Yesterday, social media giants like Facebook and Twitter, and search engine Google announced their intentions to censor – um, crack down on – so-called “misinformation” about the coronavirus that is spreading across the globe. Before we get started here, admittedly, there’s some absolutely terrible advice out there about preventing or curing coronavirus. There are … Read more