Breaking news, updates, and reports on current events.
by Martin Armstrong Chart provided by STATISTA The TV viewership of Superbowl LIIII collapsed in a virtual waterfall to just 98.2 million viewers. CBS, however, said the big game was watched across all platforms — including digital and streaming — by a combined total of 100.7 million viewers. That is still a major decline down … Read more
by DCG Tax dollars at work. From SF Gate: It appears the California Department of Motor Vehicles is, yet again, trying to clean up after itself. The Sacramento Bee uncovered one possible reason why thousands of Californians have yet to receive a driver’s license in the mail, months after attempting to renew them. It comes down to … Read more
Whatcha gonna do when they come for you. The stop was for an alleged turn signal violation. Minutes later, Wheatcroft was handcuffed lying face down on the hot asphalt on a 108-degree day. He’d already been tased 10 times, with one officer kneeling on his back as another, Officer Matt Schneider, kicked him in … Read more
by Thinker Watching from the balcony, most in the audience still aren’t what act were in. Has the fluoride really dumbed Americans down that much??? Haven’t drank or consumed it since watching the Youtube documentary “Our Water” The Great Culling. How has “deep state” been able to pull the wool over the eyes of Americans??? … Read more
Alexandria Ocasio-Cortez applauded news on Friday that Amazon is reportedly reconsidering its plans to build a second headquarters in New York City as it faces fierce opposition from some state and city officials. “Can everyday people come together and effectively organize against creeping overreach of one of the world’s biggest corporations Opens a New Window. … Read more
Nice…. I wish I had 18 million to buy it. LAS VEGAS (CBS13) — A house like no other is for sale in Las Vegas. The subterranean bunker has everything you could need, without ever going above ground. Built 26 feet underground, the structure was designed to make you feel right at home with a … Read more
"I find this to be highly ironic (Powell's remarks on inequality) because the Fed has been instrumental in widening inequality by looking like they want to prop up Wall Street and the top 1%…who own 80% of stocks." @QuillIntel on @FBN:AM —https://t.co/EDTGcTswOg — Danielle DiMartino Booth (@DiMartinoBooth) February 8, 2019
If you think QE4 will raise world trade I think you should think it twice. CBs are panicking because there is no way out. Overcapacity which they have created on ZIRP and QE after 2008 needs to unload as market said – can’t take more consumption even on NIRP. #1929Reudux https://t.co/eSIGOXQ5gw — GregTheAnalyst (@Analyst_G) February … Read more
Jonathan Roth (a Canadian): A “Vice” special report: https://www.youtube.com/results?search_query=vice+a+house+divided&sp=mAEB “Happy Hunger Games. And may the odds be ever in your favor.” h/t thc0655
By David Stockman BLS Price Index For New Vehicles—–0% Rise In 20 Years Actual USA Transaction Prices: Up 20% In 10 Years
by Mac Slavo of SHTFplan American farmers are battling several issues when it comes to producing our food. Regulated low prices, tariffs, and the inability to export have all cut into the salaries of farmers. They are officially in crisis mode, just like the United States’ food supply. “The farm economy’s in pretty tough shape,” said John Newton, chief economist … Read more
Reports: Russian authorities make deal with Google MOSCOW (AP) — Russian news reports say that Google has agreed with national authorities to delete links to websites banned in Russia. The daily Vedomosti reported Thursday that Google has reached an agreement with the Russian state media oversight agency, Roskomnadzor, to regularly receive updated lists of banned … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Consumers are doing their job only in a lackadaisical manner. But the student-loan scheme is hot. It’s a tough job, but someone’s got to do it: Propping up the massive US economy. And consumers are doing it, but in a somewhat lackadaisical manner when it comes to spending money they don’t … Read more
by Dave For some reason, I forgot to check my favorite pre-recession indicator after the January Nonfarm Payrolls number was reported last Friday: “Working part time/economic reasons.” See the chart below. its a “quarterly” chart, so the moves stand out a bit more, but Q1 is not looking very good at all right now. At … Read more
Currently, the U.S. government is operating in the negative on every front: it’s spending far more than what it makes and it is borrowing heavily to keep the government operating and keep funding its endless wars abroad. This is how military empires fall and fail: by spreading themselves too thin and spending themselves to death. … Read more
via news.com.au: The Reserve Bank could be forced to step in with a $300 billion bailout program to rescue Australia’s banks if the housing credit crunch accelerates into a “doom loop” that causes property prices crash by 50 per cent, plunging the country into recession. That’s according to Saxo Bank’s latest “Outrageous Predictions” report, which outlines a … Read more
by confoundedinterest As Bruce Springsteen famously mumbled, The Fed’s Balance Sheet is “Goin’ Down.” As of Feburary 6, 2016, The Federal Reserve of New York further shrank The Fed’s Balance Sheet by $14.2 billion. This week it was $11.665 billion of US Treasury Notes and Bonds and $2,525 billion of US Floating Rate Notes. For a grand … Read more
by MN Gordon Another week. Another week of distractions. On Tuesday, for instance, was the great State of the Union Address. To this, many opinions and observations have been offered. Here, we’ll contribute several of our own… President Trump is a showman of stout ego. How he must have relished the run-up to Tuesday’s primetime address with … Read more
by confoundedinterest It seem s that banks willingness to lend to consumers hass fallen. Perhaps it should be an index of “Willing.” Bank willingness to lend to consumers, a prime driver of Federal Reserve monetary policy, typically slumps to zero before a recession. Yes, as The Fed continues to unwind its balance sheet, bank willingness to lend to … Read more
Don‘t fight the Fed pic.twitter.com/QaSUCbjBuC — mcm-ct.com (@mcm_ct) February 8, 2019 The Fed sees what is coming – they are preparing for the storm pic.twitter.com/FVngAx0hCI — Alastair (@StockBoardAsset) February 8, 2019 3/ Going out to hourly, we can see this seamlessly integrates into an even larger head and shoulders scenario. Rally to fill gap would … Read more
https://www.cnbc.com/2019/02/08/the-us-and-china-dont-even-have-a-trade-deal-draft-yet-as-deadline-approaches.html The Wall Street Journal says the two sides have not even drafted an accord specifying the matters they agree and disagree on. The report comes just a day after White House economic advisor Larry Kudlow said there is a “pretty sizable distance to go” before China and the U.S. reach a deal. President Donald … Read more
by EmoHaircut There are roughly 18.6 Million vacant homes in the United States, while there are an estimated 3.5 Million Americans who experience homelessness. 40,000 of those Americans who experience homelessness are United States military veterans. This comparison of numbers of vacant homes and the homeless population over the last ten years makes a bleak … Read more
Jack Davis for the Western Journal reports, The Trump administration fired back Monday after leaked versions of President Donald Trump’s daily schedule were published. https://www.youtube.com/watch?v=ixKTzaZXXoo Read More/Source/Credit/FairUse: https://www.westernjournal.com/white-…
Do you believe that having debt like credit cards, line of credit, student loans, etc. is good, bad, or it depends? More so than ever before, people are living paycheck to paycheck. No savings. Nothing for a rainy day. With interest rates at current near historic lows, some have simply invested instead of saving. … Read more
How in THE hell can obvious nincompoops like Cortez and Pelosi ascend the ladder of political power??? It’s almost like…the more idiotic they are, the more support they get from the masses. Tell me propaganda doesn’t work it’s insidious evil in the minds of the masses with utter efficiency and effectiveness. If this isn’t proof … Read more