On Wire

Code for sour grapes: http://archive.ph/girmi  

by The Phoenix The market is telling us that the impeachment process will go nowhere. Very early into his Presidency, Donald Trump branded the stock market’s returns as illustrating the success of his policies. Treasury Secretary Steve Mnuchin even went so far as to state that the White House views the stock market as a “report … Read more

By John Mauldin The Federal Reserve System is supposed to be independent. But it’s not. And as much as Donald Trump doesn’t like it, the Fed shouldn’t follow the president’s orders. The Fed operates under a legal mandate from Congress. Its monetary policy role is “to promote maximum employment, stable prices and moderate long-term interest rates.” … Read more

by Michael Snyder The global pig population is being absolutely decimated by a disease that does not have a cure.  African Swine Fever, also commonly referred to as “Pig Ebola”, is raging out of control in dozens of countries all over the globe.  It has a mortality rate of close to 100 percent, and once … Read more

by Charles Hugh-Smith The reckoning is coming, and everyone who counted on “eternal growth of borrowing” to stave off the reckoning is in for a big surprise. We’ve used a simple trick to keep the status quo from imploding for the past 11 years: borrow whatever it takes to keep paying the skyrocketing costs for housing, … Read more

By Wolf Richter for WOLF STREET. Companies in the S&P 500 index bought back $176 billion of their own shares in the third quarter, down 13.7% from the third quarter last year, and down 21.1% from the record share-buyback mania in Q4 2018, according to the S&P Dow Jones Indices. But hey, since the beginning of 2012, these companies … Read more

Tim Picciott of The Liberty Advisor talks with author and economic analyst at WAM John Sneisen about the Federal Reserve’s belief that they can print forever and can end recessions. The fact of the matter is, we’re already in a recession papered over, but there’s a lot more to it than that. Tim and John … Read more

by visualcapitalist Hindsight is 20/20. It can be incredibly difficult to pick the “next big stock” in the moment, but looking back gives us clarity on where we could have reaped the highest rewards. While some of the decade’s chart-toppers—like Netflix and Amazon—are household names, other stocks may come as a surprise. Today’s visualization reveals the … Read more

via wallstreetonparade: The Federal Reserve Bank of New York (New York Fed) seems intent on stonewalling Wall Street On Parade from receiving some very basic information on JPMorgan Chase’s rapid drawdown this year on its liquid reserves at the New York Fed – a matter which some on Wall Street have fingered as a contributing cause … Read more

https://www.youtube.com/watch?v=PhjOov5BVIw