Why Is The Fed Talking About EVEN MORE EXTREME Policies Now?

by Graham Summers of Gains, Pains, & Capital The Fed is truly terrified of what’s coming. Last Friday, a number of Fed officials gave speeches at prominent Central Banking conferences. The contents of these speeches reveal a degree of terror that runs completely counter to what is happening in the markets today. To look at the surface of things, the … Read more

The Age of Tyrannical Surveillance: We’re Being Branded, Bought and Sold for Our Data

by John W. Whitehead “We know where you are. We know where you’ve been. We can more or less know what you’re thinking about… Your digital identity will live forever… because there’s no delete button.”—Former Google CEO Eric Schmidt Uncle Sam wants you. Correction: Big Brother wants you. To be technically accurate, Big Brother—aided and abetted by his corporate … Read more

Who’s Buying? Companies. Who’s Selling? Everybody Else. How Will It End? Not Well!

via NYT: Armchair investors have been selling stock. So have pension funds and mutual funds, as well as a whole other category of investors — nonprofit groups, endowments, private equity firms and personal trusts. The stock market is off to its best start since 1987, but these investors are expected to dump hundreds of billions … Read more

Green New Deal Would cost Americans 93 Trillion ($600,000.00 Per household and American only responsible for 17% of world pollution)

And would collapse the dollar in less than 2 years! According to a new report, Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) Green New Deal could cost taxpayers as much as $93 trillion over 10 years. The American Action Forum, a center-right think tank, estimated that the Green New Deal could cost between $51 trillion and $93 trillion, … Read more

What is progress?Practical consensus would be a good starting point

by John Ward Bland consensus is a bad thing. But utilitarian consensus would be vastly preferable to the opposing armed camps of ideological nonsense we see before us today. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ I do not consider myself to be a progressive. In the eyes of progressives, that statement renders me a scumfascistbigotracisthardrighter. Which kind of goes to show … Read more

Dow Wow

by northmantrader The $DJIA got to within 3% of all time highs yesterday. Quite the feat from being down 20% off the highs just 9 weeks ago. Credit where credit is due: Jawboning works. From the Fed’s 180 turnaround on policy to the constant carrot dangling of a supposed imminent China trade deal this rally has … Read more

IRS Interest rates remain the same for the second quarter of 2019

by these-things-happen   The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning April 1, 2019. The rates are: • six (6) percent for individual overpayments (refunds) • six (6) percent for individual underpayments (balance due) Under the Internal Revenue Code, the rate of interest is determined on … Read more

More Evidence that the Bears Have it Dead Right

by David Haggith In my last article, “The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions,” I laid out my first prediction for 2019 — a recession by summer. I don’t want the following revelations and facts that I have since come across to get lost in comments I recently posted to that … Read more

Tax Day Draws Closer…for the 56% of Americans Who Pay Any Federal Income Taxes

via MarketWatch: The Tax Policy Center estimates how many people paid no federal individual income taxes in 2018 Tax-filing season has begun. Americans have until April 15 to file their income taxes. There’s been some good news for workers over the last year: Unemployment hovers at 3.9% and average hourly earnings rose by 3.2% on the year in December. … Read more

Italian Beef: With Higher-Taxes Populists Like This, Who Needs Socialists?

via businessinsider: Italy faces a fresh budget fight just months after ending a near six-month saga surrounding spending, after media reports in the country suggested the coalition government could move to raise taxes. Government officials moved to squash the rumors. Finance Minister Giovanni Tria described those responsible for reports of higher taxes as “follies and speculations.” … Read more

Technically Speaking: Sell Today? Risk Vs. FOMO

by Lance Roberts The market is downright bullish. There is little reason to argue the point given the bullish trend since the December 24th lows. Of course, such is not surprising given the Fed’s dovish turn from tightening monetary policy to quietly putting the “punch bowl” back on the table. But yet, this rally is occurring at a … Read more

Is this the Coldest Winter in 83 years?

by Martin Armstrong Vancouver, where it rarely snows, has had five snow storms this year. It has even been reported that snow has fallen in Las Vegas and Los Angeles. Now that is an extremely rare event by itself in addition to Vancouver. The winter cold has been severe this year. It appears that we … Read more

Synchronized slowdown? Worst restaurant data 25 years – worst retail sales in 10 years – housing sales collapsing – Auto delinquencies at 10 year high… So many CEOs leaving their jobs at the moment…

Remember "Synchronized Growth"? How about synchronized slowdown? Global Composite, Services and Manufacturing PMIs. pic.twitter.com/epid9Ll0JQ — Daniel Lacalle (@dlacalle_IA) February 26, 2019 Why are so many CEOs leaving their jobs at the moment? https://t.co/Q8fNWAXUjl pic.twitter.com/ckG3Ct4hgW — Financial Times (@FinancialTimes) February 26, 2019 https://twitter.com/OccupyWisdom/status/1100231888516628480 Pile on auto loans and we are talking real money. https://t.co/CBfOumik3O — Seth … Read more

The BBC is screwed. Tommy Takes Down The Establishment in beautiful form.

I literally screamed “you’re f*cked” at Sweeney and the Producer when he walks out of the interview. This is fantastic.   Tommy Robinson banned from FACEBOOK, INSTAGRAM…  Tommy Robinson, the far-right founder of the English Defence League, has been permanently banned from Facebook and Instagram for repeatedly breaking the sites’ policies on hate speech, Facebook … Read more

India/Pakistan! Air Strikes/ Modi Emergency Meeting w/ Ministers

What we know so far Pakistan @OfficialDGISPR said IAF entered in Muzaffarabad sector and dropped ‘ payload’ near Balakot. It claims no casualties on Pakistan side.@nitingokhale says India seems to have done air as well as ground strike. Official briefing expected. — Milind Khandekar (@milindkhandekar) February 26, 2019 NEW: Reports of heavy Pakistani fighter jet … Read more

Hell freezes over! Jon Stewart Praises Trump justice department

Jon Stewart isn’t joking when it comes to getting the proper funding to help 9/11 responders and their families who continue to deal with the lingering damage from America’s most horrific terrorist attack. The former “Daily Show” host told “America’s Newsroom” those still suffering for their heroic actions “deserve our attention.” “We don’t want the … Read more