Breaking news, updates, and reports on current events.
by UPFINA In this expansion, past economic performance doesn’t indicate future trends. We’ve had 3 slowdowns in this expansion. At the worst point in the prior 2 slowdowns, it looked like the economy was headed for a recession, but it was actually a great time to buy stocks. The stock market decline in Q4 2018 was … Read more
Another predicament. Continuing Jobless Claims now rising the most since the Great Recession. This index tracks the unemployment rate with an exceptional 0.97 correlation since 1968! Keep this in mind.The labor market holds the key for the business cycle. pic.twitter.com/tScvtwgyOe — Otavio (Tavi) Costa (@TaviCosta) January 10, 2020 Growth in total hours worked has slowed … Read more
by Mac Slavo via SHTFplan In a not so surprising report, the FBI conducted a record number of background checks for gun sales in 2019. All of these gun purchases ramp up every time democrats open their mouths voicing support to disintegrating the rights of the people. The FBI carried out a record 28 million background checks on … Read more
https://www.youtube.com/watch?v=LxbGbROxMLA Economist and founder of Democracy at Work Dr. Richard Wolff joins Rick Sanchez to discuss the bizarre economics of Washington’s military interventions abroad. He explains how the war lobby actually incentivizes endless and destructive conflict.
https://www.youtube.com/watch?v=cALld5lSTNg Brian Schwartz from CNBC reports, Presidential candidate Mike Bloomberg is investing millions of dollars into a Super Bowl ad that will take aim at Donald Trump. The game is scheduled for February 2. Read More/Source/Credit/FairUse: https://www.cnbc.com/2020/01/07/mike-…
More than half of U.S. businesses expect a recession to occur in 2020, coinciding with the timing of the presidential election, according to fourth-quarter results from the Duke University/CFO Global Business Outlook. More than half (52%) of U.S. CFOs believe the U.S. will be in an economic recession by the end of 2020, and 76% … Read more
Dustin Gardiner Verified account @dustingardiner Sen. Feinstein has recanted her comments — criticizing Pelosi for holding impeachment articles — in epic fashion: “I don’t know what happened there,” she told me. “I did not mean to say that.” STORY HERE: https://www.sfchronicle.com/bayarea/article/Nancy-Pelosi-on-impeachment-articles-I-ll-14962235.php Sen. Feinstein has recanted her comments — criticizing Pelosi for holding impeachment articles — … Read more
via International Man International Man: You have sounded the alarm on a coming financial crisis of historic proportions. How do Trump’s trade policies figure into your view that a crisis is coming? David Stockman: Trump’s trade policies only create more risk and rot down below. They’re just kicking the can down the road. With this latest … Read more
by Charles Hugh-Smith Yesterday saw Bank of England Governor Mark Carney in full flow at the Bank of England itself in a type of last hurrah. I am grateful to him for being kind enough to exhibit at least 4 of the themes of this blog in one go! That is quite an achievement even … Read more
https://media.blubrry.com/silverdoctors/s/content.blubrry.com/silverdoctors/2ReasonsUS-IranCrisisNotOverSilverDoctorsLive01-10-20.mp3 Podcast: Play in new window | Download Subscribe: Apple Podcasts | Android | Email | Stitcher | RSS Is resolving the crisis with Iran really that simple, or could there be other reasons why Trump stood down on retaliating against Iran’s “show of force” strikes… Mike & Half Dollar are your hosts for Silver Doctors Live. We currently live-stream on Mondays, Wednesdays and Fridays at 11:00 a.m. EST. Watch … Read more
From Birch Gold Group Following the killing of Iranian General Quasem Soleimani last Friday, the market was on pins and needles as this week began. The Dow dropped more than 200 points on the news, then recovered Monday: The Dow Jones Industrial Average ended the day up 68.50 points, or 0.2% at 28,703.38 after falling 216 points … Read more
by Fabius Maximus Summary: Presidential power has been growing for generations. Nothing can stop it except impeachment and removal of a president. Until we find the will to use this tool, presidents will continue to regard us with contempt. Rightly so. We can prevent the eternal reoccurrence of tyrants. Photo 10770928 © Desktopnotions – Dreamstime. I … Read more
The release of a batch of internal messages has raised more questions about the safety of Boeing’s 737 Max. In one of the communications an employee said the plane was “designed by clowns”. The plane maker described the communications as “completely unacceptable”. The 737 Max was grounded in March 2019 after two fatal crashes in … Read more
by SDAztec74 IRS Free Filing is now available for those with income below $69,000. IRS Free Fillable Forms will not be available until January 27th, the date which the IRS will begin accepting and processing tax returns for individual filers. Go through the IRS site if you don’t want “free” versions of software like TurboTax … Read more
Millennials are now considered “generation broke” with their insurmountable student debts, near-record auto loans, high credit card balances with rates at two-decade highs, and limited savings. Many are stuck in the gig-economy with more than one job. Finding a high-paying job this late in an economic expansion is hard to come across. So paging all … Read more
by Martin Armstrong The Democrats are now claiming that because Soleimani was also a “political” figure, that somehow makes it an act of war that only Congress can authorize. Of course, the argument goes down party lines because it is just political and not a valid argument. Nevertheless, what this is showing is that it … Read more
A bill put forward by Delegate Mark Levine (D) would make it a felony for law-abiding citizens to possess a magazine holding more than 10 rounds of ammunition. Moreover, Levine’s legislation, HB 961, even makes it a felony to possess 10-round magazines, if such magazines have a “removable plate” on the bottom that would allow … Read more
by SpontaneousDisorder The liquidity problems are interesting, lots of reports of poor liquidity in markets in recent years. Also interesting that investors are shunning deep junk when there has been an epic binge on risk in the last few months. Should be a clue of whats coming. via WSJ When Party City Holdco Inc. reported a large decline in … Read more
By LV According to this article that appeared in today’s Washington Post, U.S. Attorney John Huber is expected to conclude that there was no criminal conduct by the Clintons regarding the Clinton Foundation and the Uranium One deal. https://www.washingtonpost.com/national-security/justice-dept-winds-down-clinton-related-inquiry-once-championed-by-trump-it-found-nothing-of-consequence/2020/01/09/ca83932e-32f9-11ea-a053-dc6d944ba776_story.html#comments-wrapper This result means that numerous cases of blatant self-dealing by the Clintons, which were cited in … Read more
