Breaking news, updates, and reports on current events.
via washingtonexaminer: To be more specific, the average tax refund has increased to $3,143 from $3,103 last February, according to cumulative statistics comparing the 2018 and 2019 filing seasons. Oddly enough, certain newsrooms have responded to this development with total silence. I say “odd,” because it was just a few weeks ago that these same … Read more
by: Stefan Gleason The $22 trillion official national debt is a much discussed problem, even as politicians exhibit zero motivation to do anything about it. But as big an economic overhang as it is, government debt isn’t likely to trigger the next financial crisis. Yes, servicing the growing federal debt bubble will depress GDP growth, cause … Read more
by Jim Quinn “If you have been voting for politicians who promise to give you goodies at someone else’s expense, then you have no right to complain when they take your money and give it to someone else, including themselves.” ― Thomas Sowell “The fact that so many successful politicians are such shameless liars is not only … Read more
This article was written by Tom Chatham and originally published at Project Chesapeake It is common place today to hear of people living paycheck to paycheck. If so many people are living so close to the edge one must ask why? There are many reasons why someone might be in financial distress but one looming question … Read more
GOOGLE EMPLOYEES UNCOVER ONGOING WORK ON CENSORED CHINA SEARCH GOOGLE EMPLOYEES HAVE carried out their own investigation into the company’s plan to launch a censored search engine for China and say they are concerned that development of the project remains ongoing, The Intercept can reveal. Late last year, bosses moved engineers away from working on the … Read more
by Chris Vermeulen of The Technical Traders Our researchers believe the NQ and YM chart illustrates a very different dynamic which is currently at play in the US Stock Markets. The NQ, the Technology heavy NASDAQ futures, appears to have stalled near the 75% Fibonacci price retracement level whereas the YM, the Blue Chip heavy DOW futures, has … Read more
via marketwatch: It’s been a banner year for stocks already. In fact, if we could just shut this whole thing down for the next 10 months, we’d be looking at double-digits returns on the S&P 500 SPX, -0.11% for 2019. No complaints with that kind of annual performance. Alas, it doesn’t work that way, and, needless to say, there … Read more
by Frank Holmes, CEO, U.S. Global Investors Last week I had the privilege of attending BMO’s 28th Annual Global Metals & Mining Conference in Hollywood, Florida, along with portfolio manager and precious metals expert Ralph Aldis. The BMO conference is an epic event that brings together the “who’s who” of mining and natural resources—think Pierre Lassonde, Robert … Read more
from Financial Survival Network John Rubino returns… Gold and precious metals as man expected were slammed on Friday. Fifth time since approaching the magical 1350 resistance point. The decline will probably continue on for several more months until a summer rally or Q4. Not to worry though, the Fed is in a box again. With stock markets … Read more
by Pat Buchanan Could America sustain such a commitment? More important, why should we? Has the White House thought through the implications of what the Pompeo threat may bring? As President Trump flew home from his Hanoi summit with Kim Jong Un, Mike Pompeo peeled off and flew to Manila. And there the Secretary of State … Read more
Kitco News, Released on 3/4/19 “Part of what gold does is it protects us from our own worst instincts.” Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and … Read more
Fox Business, Released on 4/25/18 David Stockman appears on “Mornings with Maria” (Fox Business, March 4, 2019) David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity … Read more
By Harry Dent Recently we talked about why Millennials aren’t buying a house at the same rate as their Boomer and Gen X parents. Today, let’s talk about how Boomers and Gen Xers are actually contributing to the housing shortage, and so driving up prices and thwarting the ability of younger people to buy. And… Why that … Read more
by Amy S. We have many reasons to thank Nikola Tesla when it comes to modern technology, but had capitalistic greed not stood in his way, Tesla’s contributions to society could have gone significantly further. Despite his mental breakdowns later in life that were likely caused by detractors and capitalists who refuted his utopian visions for society, Tesla … Read more
By Dagny Taggart What if you could have a chip installed in your brain that would increase your intelligence? Would you be interested? While this kind of brain-computer interface technology might sound like something out of a dystopian science fiction novel, scientists are working hard to develop it, and it will likely be available in … Read more
For More Information See: https://www.cbsnews.com/news/steve-ba… https://www.politico.com/amp/story/20… https://www.bloomberg.com/news/articl… https://www.reuters.com/article/us-us…
via CNBC: China’s number two leader Li Keqiang has warned the country faces “a tough struggle,” as he laid out plans to prop up the world’s second-largest economy. Opening the annual session of China’s parliament, he forecast slower growth of 6% – 6.5% this year, down from a target of around 6.5% in 2018. China … Read more
Kyle Bass talks China, markets, and the Fed from CNBC. You heard that the world index will massively increase the amount of chinese stocks in it? This morning, Kyle Bass was on CNBC saying that the Chinese government controls its public companies, that when you buy a chinese stocks here, really, you own no part … Read more
Ray Dalio – arguably the most successful Hedge Fund manager & founder of Bridgewater Associates speaks on what will cause the next crash, what are the dangerous for the economy, the main drivers for the next financial crisis (which surely will cause a stock market crash) & what can you as an individual & investor … Read more
El-Erian: The Economic Slowdown in Europe Is Actually Even Worse Than You Think “The European Central Bank has only limited tools at its disposal to respond to economic weakness while European governments are not prepared to respond with spending.” Australia on the Brink: “Every Indicator Is Blinking Red” “The economy will no doubt continue to … Read more
https://www.businessinsider.com/amazon-working-parents-daycare-2019-3 Amazon is a notoriously demanding employer, according to some of its employees. It’s easy for women to be sidelined after having kids, but it also happens to new dads, one former Amazon employee recently told Business Insider. A group of mothers who work at Amazon want the company to help them address this by … Read more
via @Pointedmacro: ✅Under water quarterly short option being rolled over/covered, reducing insane bids (off books by 15th March) ✅FOMC goes into blackout from 9th to 21st march ✅Corporate buyback start to go in blackout in middle of month too
China’s superrich are losing their faith in the country’s financial future as fears around the impacts of slowing global trade and slowing economic liberalization cause worry. A new survey found that just over a third of China’s superrich described themselves as “very confident” about the future of the Chinese economy. That’s less than half the … Read more
by OverflowDs Who is moving to each state? #dataviz #mondaythoughts https://t.co/S2UnNYkeua pic.twitter.com/AKM2CCRwdI — Overflow Data (@overflow_data) March 4, 2019 I am extremely interested in demographics and why people move around the United States. With that in mind, I decided to make this tool so people could easily see who is moving to each state and … Read more