Oops: Low Interest Rates a “Factor” in Slowdown of Economic & Productivity Growth: NBER

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Powell, Draghi, Kuroda, et al.: Did ya see this NBER study? This is something we have seen since the Financial Crisis all around us: The concentration and consolidation of corporate market power in entire industries, largely via mergers and acquisitions, made possible by abundantly available funding at ultra-low interest rates for … Read more

Millennial cancer rates are spiking

by prosthetic brain Cancers fueled by obesity are on the rise among young adults in the United States and appearing at increasingly younger ages, according to an analysis released Monday by the American Cancer Society. The study, published in The Lancet Public Health, examined data on 12 obesity-related cancers between 1995 and 2014, as well as … Read more

19 Arrested in France & Italy in Multi-Million Gold Launder Operation

via europol: On 21 January 2019, some 300 hundred officers from the Gendarmerie Nationale (French Gendarmerie) and the Guardia di Finanza (Italian Finance Corps) targeted suspects across both countries believed to be part of an organised crime group behind a large-scale international money-laundering scheme. The criminal cash flows are estimated at €5 to €7 million per … Read more

This bounce will have to fade soon. Nothing fundamental has changed since December. Every major economy is continuing to slow.

A lot of tension in the markets, so here's a couple of examples of that. This bounce will have to fade soon. Nothing fundamental has changed since December. Every major economy is continuing to slow.$TYVIX $TLT $VIX $WTIC $SPX pic.twitter.com/xDWmV2tAu1 — Peter Ryan (@Pulpisafiction) February 5, 2019 https://twitter.com/jmanfreddi/status/1093144893940269056 JPM Global PMI New Export Orders are … Read more

Is Germany about to enter recession?

With German retail sales having fallen by a considerably bigger margin than expected in December, and a cut in 2019 gross domestic product (GDP) estimates, from Germany’s own Economic Ministry, IGTV’s Jeremy Naylor look at the recession potential for the German economy with James Bevan from CCLA. Slump in German Manufacturing Orders Set to Fan … Read more

Stock Volatility to Return in February as Money Drains Out of Markets

via thefinancialcourier: The stock market has been a roller coaster since October.  Equities took a nose-dive in October.  They then rallied in early November.  Fell again steeply in December.  Finally, stocks rallied strongly in January.  However, the same market forces that knocked stocks down late last year will trigger stock volatility to return in February. First, we need … Read more

Don’t Cry For NY

by Chris “They are investors, they have accountants, they are making informed decisions,” Cuomo said. “This is going to be the tipping point and people will now be making a geographical change.” Yes, the informed decision is that paying the state up to 8.8% of your income (top bracket), up to 4.75% sales tax, and then … Read more

The Employment Report Is Not All It’s Cracked up to Be

via knowledgeleaderscapital: Today’s “blowout” employment report, while strong in some respects, should be taken with a grain of salt. It’s important to remember that employment is a lagging indicator. Payroll employment often peaks either at the beginning or middle of recessions, so it provides virtually no warning of impending danger. Better indicators of employment strength are … Read more

Eurozone Warning: EU Banks Panic at Huge Italy Debt

BANKS in France, Germany and Belgium are most at risk of contagion from Italy’s deepening debt crisis, new data has revealed. Domestic banks in the Mediterranean nation are already encumbered with some £1.3 trillion (€1.5 trillion) of public debt as the cash-strapped government in Rome grapple with a weak economy which tumbled back into recession … Read more

New Trucks are Hot, Prices Surge. But Cars Face Carmageddon. And Total Sales Fall

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up. The average transaction price of the vehicles sold by Fiat Chrysler jumped 5% in January compared to a year ago; for vehicles sold by Ford Motor … Read more

Is The Debate Over? New Survey Discovers That Religious People Are Far More Likely To Be “Very Happy”

by Michael Snyder A shocking new public opinion poll seems to have settled the debate about whether religious people or non-religious people are happier.  In recent years, more people than ever are “throwing off the shackles of religion” in an attempt to find personal happiness, but it looks like they have been running the wrong … Read more

YERS AND LAYERS OF FACT-CHECKERS AND EDITORS

Shot: I do not record. I’ve never recorded. I’m a very fast note-taker. When someone kind of says the “it” thing that I have really wanted, I don’t start scribbling right away. I have an almost photographic memory and so I wait a beat or two while they’re onto something else, and then I write … Read more

Did Ruth Bader Ginsberg actually appear at the Notorious RBG concert last night, or did WaPo and the AP make the whole story up?

by EdmondDantes777   The MSM presented us with a simple story yesterday: https://www.apnews.com/b94fea4b4a2a408fabcf756da790ff27 WASHINGTON (AP) — Supreme Court Justice Ruth Bader Ginsburg is making her first public appearance since undergoing lung cancer surgery in December. The 85-year-old Ginsburg is attending a concert at a museum a few blocks from the White House that is being … Read more

Oil Rally Halts On Economic Concerns

By Tom Kool Oil prices have been choppy in recent days, although WTI and Brent are holding onto their gains near multi-month highs. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – The International Maritime Organization has new regulations taking effect on January 1, 2020 that will slash the concentration of … Read more