Breaking news, updates, and reports on current events.
via @UncleRico77: You all saw the move in $GLD today. Given that the geniuses at global central banks are going right back to the well (Fed raises balance sheet by 300% and panics after shrinking it by 10%), this stocks/gold ratio is THE story for the next several years. Big cycle ahead folks.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Nvidia again cut its revenue guidance for the fourth quarter of its fiscal year 2019, which runs through January, this time by 18.5% from its previously cut guidance, down to $2.2 billion. Last time it had blamed the crypto collapse. This time it blamed weak demand for its gaming chips “particularly … Read more
leveraged loans index stalling out – bad for stock market pic.twitter.com/KTt21h5yqZ — Alastair (@StockBoardAsset) January 28, 2019 Credit Default Swaps reset after a month of declines? pic.twitter.com/xU4LAqo03F — Alastair (@StockBoardAsset) January 28, 2019 Eurozone credit impulse… Despite zero interest rates and massive liquidity, credit impulse is falling. "You can lead a horse to water but … Read more
so much bad news today: Tesla seen forecasting first-quarter loss after Musk warning pic.twitter.com/K0GqmjfZ7G — Alastair (@StockBoardAsset) January 28, 2019 "Q4 was an extraordinary, unusually turbulent, and disappointing quarter," Chief Executive Officer Jensen Huang said. pic.twitter.com/PPXFU1GRNk — Alastair (@StockBoardAsset) January 28, 2019 TSMC, the world's largest contract chipmaker, has cut full-year investment and forecast its … Read more
by eidas007 So I made this script for my wife. She has to call and handle some debt collection from credit cards we stupidly incurred in our early 20’s then defaulted on. These are tactics that were modified from a decade of working in dealerships and watching successful car salesmen use them on customers … Read more
via Daniel Amerman: Summary A visual exploration of how far the Fed dropped interest rates in response to previous recessions, and how this changed the business cycle. Why it is highly likely that there will be a swift – and potentially protracted – return to zero percent interest rates if there is another recession. The increase … Read more
Beginning for tax year 2018, taxpayers are limited to deducting mortgage interest on the first $750,000 of debt related to acquiring, building or substantially improving the primary or designated secondary residence that the loan is secured by. Prior to the Tax Cuts and Jobs Act (TCJA) taxpayers that utilized itemized deductions could deduct their mortgage … Read more
by klsklsk The best advice is to run the numbers and look at mortgage amortization calculator/tables. The difference in interest rate is really what will tip this one way or the other. If its the same interest rate, you 100% take the 30 year and pay it quicker. This costs you nothing but gives you the … Read more
Howard Schultz: The $21 trillion national debt is the ‘greatest threat domestically to the country’ Howard Schultz rips Democrats for veering too far left from CNBC. “I think the greatest threat domestically to the country is this $21 trillion debt hanging over the cloud of America and future generations,” Schultz tells CNBC. He … Read more
via nbcnewyork: A woman has been rescued after being trapped in a Manhattan elevator over the weekend, officials say, and reports indicate she could have been there for days. The woman was stuck in the elevator of a townhouse on East 65th Street near Madison Avenue, one block from Central Park, authorities said. Firefighters rescued the … Read more
GOODWIN: Trump down, but not out… Battered, bruised and beaten, Donald Trump faces a grim reality. Halfway through his term, his presidency is at low tide. The polls have cratered and his necessary retreatover using a shutdown to get wall funding had some erstwhile supporters spitting venom at him. His usual tormentors, meanwhile, are riding high. … Read more
Chicago’s record for coldest temperature ever could fall as polar vortex has city ‘in the crosshairs’ One of the coldest air masses in years will envelop the Midwest and the Northeast this week bringing potentially life-threatening low temperatures to the Chicago area that will feel even harsher in tandem with strong winds. In Chicago, the … Read more
by LV It is William Barr’s first day at work as U.S. Attorney General after being confirmed by the U.S. Senate to replace Jeff Sessions. Before he sets foot in his office at the Robert F. Kennedy Department of Justice Building, he politely introduces himself to his executive assistant and asks her to contact U.S. Attorney … Read more
via Sven Carlin: Summary KHC is down more than 40% over the last 12 months. Stable fundamentals with a price to book below 1 and a forward PE ratio of 13 make it look like a great value investment. Plus, Buffett owns it. The best way to understand such businesses is to go to the store, … Read more
Lots of intrigue in this escapade. High stakes spy allegations, international trade war and more. via Reuters: In an unprecedented move, Canadian Prime Minister Justin Trudeau on Saturday said he had fired his ambassador to China, who prompted a political furor with comments about Huawei’s high-profile extradition case. John McCallum had embarrassed Trudeau’s Liberal government by … Read more
Were you shocked at the results of the 2016 American presidential election? Most people were, but Stephen Harper was not one of them. Here, the former Prime Minister of Canada explains the trends that foreshadowed Trump’s victory and left many political elites looking wildly out of touch. That was brilliant in its simplicity. AC
Find out why left-wing globalist academics are PANICKED https://youtu.be/Sq_-qV72-6E AC
And here’s the thing – the media has gaslit the rest of the world to think we are all infighting and hating each other but the average American at least in flyover country typically is living in harmony with their neighbors. My cousin from Australia thinks the USA is like Mad Max and is afraid … Read more
Venezuela’s president Nicolás Maduro thinks Bernie Sanders would win the White House, if the U.S. held “free” elections. During a TV interview Tuesday, Maduro called Sanders “our revolutionary friend.” But Maduro said Donald Trump could win the general election because the presumptive GOP nominee “is using a force for change hidden in U.S. society.” Maduro … Read more
by Ambrose Evans-Pritchard via Gold Anti-Trust Action Committee (GATA) By Ambrose Evans-Pritchard The Telegraph, London Thursday, January 24, 2019 https://www.telegraph.co.uk/business/2019/01/24/imf-fears-political-rage… The International Monetary Fund has warned that the system of global cooperation that saved world finance in the 2008 crisis may break down if there is another major shock or a deep recession. David Lipton, the IMF’s second-highest official, … Read more
by Mac Slavo of SHTFplan Tesla’s CEO, Elon Musk sent an email to all employees at 1:20 in the morning and it could very well be the signal of the end times for the company. The email was not positive in tone and things are not looking good for Tesla. After highlighting Tesla’s numerous accomplishments over the past … Read more
By Tim Daiss Just like in most things energy related, including crude oil imports, natural gas and LNG imports, coal usage and even nuclear power, China’s massive population and its economic heft also extends far and wide into global solar markets. China is the largest solar-market in the world, home to almost a third of … Read more
by Martin Armstrong https://d33wjekvz3zs1a.cloudfront.net/wp-content/uploads/2019/01/money_hole_20800.mp4 QUESTION: Hello Sir, I am French and have been reading you for many years (I already read you while you published papers while you were very unfairly imprisoned). I signed up for Socrates on 6th January and must thank you warmly for opening my eyes to the real state of the global … Read more
by Shaun Richards The weekend just past has been full of banking news which has not been good. That is quite an anti achievement when we note that a decade or so ago when the banking crisis hit we were assured by politicians and central bankers that it would never be allowed to happen again … Read more
via dailymail.co.uk: Iowa teenager Corey Brown was found dead Sunday west of Marshalltown The 13-year-old had been missing from home since Tuesday night He had a fight with his parents who took his away his phone and he ran away On Sunday, his parents thanked local agencies for spending time searching in adverse weather conditions His … Read more