Breaking news, updates, and reports on current events.
via Reuters: U.S. discount retailer Payless ShoeSource Inc plans to close all of its approximately 2,300 stores when it files for bankruptcy later this month for the second time in as many years, people familiar with the matter said on Thursday. The move would make Payless one of the most high-profile victims of the string of … Read more
A study by Richard Hanania, Ph.D in Quillette shows the massive censorship at a ratio of 21:1 in regards to how Twitter treats Conservatives and Neo-Liberals. https://www.youtube.com/watch?v=6CZtLrEgtU8
There’s a widespread belief that the Fed holds the levers which guide the economy and maneuvers markets. But the evidence shows that this is simply not the case. These two charts speak for themselves … https://www.youtube.com/watch?v=1BGyJONR0aM
An inverted yield curve predicts recessions. h/t br_anonbinary
via mishtalk: Governor Prtizker released details of his plan to save Illinois. He made three of three of the worst possible choices. Intergenerational Theft The Chicago Tribuner reports Gov. J.B. Pritzker’s administration considering selling state buildings and land to pay for pensions. Bear in mind, assets like tollways are supposed to fund road maintenance, not pensions. That’s … Read more
by markyu007 Berskhire Hathaway (BRKB), led by investor Warren Buffett, cut its stake in Apple(AAPL), Wells Fargo (WFC) and a couple of airlines in the fourth quarter. It upped its stake in General Motors (GM) and a slew of banks. 00:0705:44 That comes via the conglomerate’s latest quarterly 13-F filing with the SEC. Rank-and-file investors closely track this regulatory data … Read more
You may be paying off your credit card debt wrong—here’s the best way from CNBC. via CNBC: Over 44 million Americans have student loans, with the average debt hovering around $33,000. And yet that’s not the No. 1 source of debt for the average older millennial. Millennials between the ages of 25 and 34 have an … Read more
Robert Barnes, the lawyer for the Covington Catholic High “MAGA” teens, lays out the history of Robert Mueller’s crimes and coverups for the Deep State. h/t Voluntaryist
I voted no. #disgusted pic.twitter.com/WJQhucN896 — Tim Burchett (@timburchett) February 15, 2019 UPDATE: Related: The Border ‘Security’ Bill From Congress is Garbage and Will Actually Make the Current Crisis Much Worse … It greatly inhibits the President and federal law enforcement from taking real action to secure the border in the future. Further, it exacerbates the … Read more
by Martin Armstrong QUESTION: Dear Mr. Armstrong, I would first like to thank you for all the information you are making available publicly. I have two questions to pose, if you deem them relevant to the present state of affairs. 1) What is the difference for an EU citizen of having deposits with an US bank … Read more
by Martin Armstrong The two major myths that I get asked about all the time are the Rothschilds and whether pricing oil in yuan or euro will cause the dollar to collapse. I think I know something about the Rothschilds. I was even offered an investor back in the 1980s who wanted to buy into … Read more
via WSJ: As William Barr begins his term as attorney general, House Democrats are aiming a “subpoena cannon” at President Trump, hoping to disable his presidency with investigations and possibly gather evidence to impeach him. Mr. Trump fired back in his State of the Union address: “If there is going to be peace and legislation, … Read more
by Troy On a slow moving day for the U.S. stock market, today’s big news is that “Retail Sales crashed, just like in 2008/2009!!!”. Financial media jumped all over this – nothing sells like bad news. Go here to understand our fundamentals-driven long term outlook. Let’s determine the stock market’s most probable medium term direction by … Read more
Reuters: Chance of a U.S. recession up, number of Fed rate hikes down BENGALURU (Reuters) – There is a one-in-four chance of a U.S. recession in the next 12 months, a scenario that should keep the Federal Reserve from raising interest rates next month, according to a Reuters poll of economists who now expect only … Read more
from Zero Hedge One day after she took full responsibility for Amazon’s shocking decision to pull out of Long Island City due to a hostile political reception in New York, 29-year-old Alexandria Ocasio-Cortez has once again grabbed the spotlight on Friday morning when she said she will introduce a bill with fellow Democratic Representative Joaquin Castro to stop President Donald … Read more
by Brian Maher of Daily Reckoning From valley to peak in the space of one month… The bears were poised to claim final victory in late December… and black crepe was unfurling over Wall Street. The major averages lost nearly 20% from their early October highs. The Nasdaq in fact tumbled into an official bear market. … Read more
Ken Schortgen interviewed by Sean on SGTreport Author Ken Schortgen joins me to discuss the coming global monetary reset which, as Ken explains, cannot be avoided. Ken notes that central banks around the world are now buying gold in volumes not seen since 1971, and the reason is likely because massive changes are coming to the global banking … Read more
from Financial Survival Network As we wrote recently, high tax states like NY, CA, CT, NJ, MA, IL and others are starting to feel the new tax law’s impact. Governor Andy Cuomo went to the White House hat in hand to beg for the increasing of the SALT deduction (It was unlimited but the law reduced … Read more
by Nomi Prins via Daily Reckoning In the land of the Federal Reserve and its market-manipulating mechanisms, there’s now an unofficial market term called the “Powell Put” or the “Powell Pivot.” It is in direct reference to Fed chairman Jerome Powell. Before he became chairman, Wall Street referred to prior heads’ policies with terms like the “Greenspan Put” … Read more
by Simon Black Last month, Chicago hedge fund billionaire Ken Griffin spent $238 million on a condo in New York City. It was the most expensive home ever sold in the US (but only one piece of Griffin’s massive, luxury real estate portfolio). Good for Ken… he’s incredibly wealthy and can spend his money however he wants. But most … Read more
by Dr. Eowyn Earlier today, Senate Majority Leader Mitch McConnell (R-Kentucky) said President Donald Trump will sign Congress’ border security compromise, which is really a bi-partisan collusion for open borders. The product of nearly three weeks of talks, the agreement provides almost $1.4 billion for new barriers along the boundary, which is less than the … Read more
by Dr. Eowyn Ryan Gaydos reports for Fox News, Feb. 11, 2019, that sheriffs in 12, mostly rural, counties in Washington state are refusing to enforce a new gun-control law, Initiative 1639, that was passed last November, on the grounds that it is unconstitutional. I-1639 is a sweeping measure that raises the minimum age for buying … Read more
by DCG You’ll never see demorat bureaucrats forcing businesses to disclose any ties to the baby-killers Planned Parenthood. Mayor Eric Garcetti tweeted the following about this action: “Thoughts and prayers are not enough for L.A. Angelenos deserve to know who their City does business with, and we’ll keep fighting every day to get guns off the street and keep … Read more
Well worth the watch. I have thought a lot of things about Alexandria Ocasio-Cortez and the Green New Deal. However, after closer consideration…I’ve realised it’s much, much worse than I thought. h/t The Pale Horse Jockey
By Harry Dent I just gave my second keynote for a major, top-secret crypto conference. It was SO secret, the organizer didn’t disclose the location on the website and only let us know where to travel to at the last minute. These techno visionaries want a bottoms-up world like me, but with total transparency and … Read more