Breaking news, updates, and reports on current events.
via Yahoo: (Bloomberg) — Apple Inc. will cut back on hiring for some divisions after selling fewer iPhones than expected and missing its revenue forecast for the holiday quarter, according to people familiar with the matter. Tim Cook, Apple’s chief executive officer, made the disclosure to employees earlier this month in a meeting the day … Read more
https://twitter.com/OccupyWisdom/status/1086022343569346563 what do you think happens next? pic.twitter.com/PBTwM28SSZ — Alastair (@StockBoardAsset) January 17, 2019 Richmond Fed Factory Gauge Falls Most Ever as Shipments Drop With the US data staring to deteriorate, following the rest of the world, seems probabilities favor rates following as well. $TLT pic.twitter.com/V8a6a7OgPu — Teddy Vallee (@TeddyVallee) January 17, 2019 Forget the … Read more
For all the bloviating we hear from Democrats about how walls are immoral and even racist, the Democrats sure do love to live behind walls themselves. h/t MrJustNsane
I like this guy a lot. I wish he was still on mainstream media. I guess his views were to on point for them. Another great video. h/t Banana Fighter
Yet leftist humor is completely basic, obnoxious, and potentially offensive. It’s alright for them. AC
by salvia_d Nigel Farage, MEP and President of the Europe of Freedom and Direct Democracy Group (EFDD), was in the European Parliament on January 16th, a day removed from Theresa May’s disastrous Brexit Withdrawal vote, breaking down the stakes at play for the UK and its Brexit mandate. Farage was fearless and blunt in his … Read more
Authored by Tom Luongo, For weeks I’ve been telling my subscribers that something changed in the gold market. Since Donald Trump’s election there was a pretty clear pair trade between the U.S. dollar and gold. And that trade was most manifested in the price of gold in euros. During last summer gold experienced its worse (in terms … Read more
Netflix Free Cash Inferno pic.twitter.com/U8W5PTanzm — zerohedge (@zerohedge) January 17, 2019 Last October, when Netflix reported stellar Q3 earnings and guidance there were many skeptics who said there is no way Netflix could possibly hit its impressive forecasts. They were right, because moments ago the video streaming company reported Q4 earnings which missed on revenue and revealed light guidance … Read more
by Simon Black We are in the midst of the longest government shutdown in history. Don’t get me wrong, I like having the government shut down. As I’ve said before, I believe it is my moral duty to pay as little taxes as possible. The government does some really stupid things with your tax dollars. I’d … Read more
by WARREN MOSLER Trade issues taking their toll: This too has gone flat: Nice mentions for Stephanie and a also bit for me here, as MMT is now on a roll: https://ftalphaville.ft.com/2019/01/16/1547640616000/America-has-never-worried-about-financing-its-priorities/
by Martin Armstrong The British pound moved higher following the British Prime Minister Theresa May’s government narrowly surviving a no confidence vote brought by the opposition over the handling of BREXIT. The vote was narrow with May winning by just 19 votes. Our sources were correct that she would survive. However, while the 21st seems to be … Read more
YOUR DAILY TREACHER: Beto Fans Insist: This Is Not a Drill. Scott Rosenberg and David McCabe, Axios: No, Beto O’Rourke did not live-stream his teeth cleaning on Instagram — any more than Al Gore ever actually claimed to have invented the internet. But if you were under the impression that O’Rourke did precisely that, you’re … Read more
A Google executive sparked a fierce backlash from employees by using the word “family” in a weekly, company-wide presentation, according to internal documents obtained by The Daily Caller News Foundation. Many Google employees became angry that the term was used while discussing a product aimed at children, because it implied that families have children, the … Read more
by Jesse “In particular, over a protracted period of good times, capitalist economies tend to move from a financial structure dominated by hedge finance units to a structure in which there is large weight to units engaged in speculative and Ponzi finance.” Hyman Minsky, The Financial Instability Hypothesis “Twenty-five years ago, when most economists were extolling … Read more
On Thursday afternoon, President Trump informed Speaker Pelosi her “public relations” trip to Afghanistan, Egypt, and Brussels has been postponed so that she can stay in DC and negotiate with him. The President canceled Pelosi’s flight just one hour before she was scheduled to depart — Pelosi and other lawmakers were on the bus en … Read more
via Bloomberg: (Bloomberg Businessweek) — Alexandria Ocasio-Cortez might not have seen eye to eye with Joseph Overton, the late free-market advocate. But she has a firm grasp of the concept for which he is best known: the Overton Window. The term refers to the range of ideas that are at any given time considered worthy of … Read more
Pelosi Struggles to Keep Dems United During Government Shutdown. “Moderate, freshman Democrats open to deal.” House Speaker Nancy Pelosi (Calif.) and the rest of the Democratic leadership are struggling to present a unified front during the ongoing government shutdown, as moderate and freshmen members of the majority appear eager to cut a deal with President … Read more
Clever how he mentions “flying commercial” just to make clear that she wasn’t planning to. via Twitter: h/t GR
by TFittonJW Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it has obtained documents from the Department of Defense (DOD) detailing House Speaker Nancy Pelosi’s multiple requests for military air travel. The documents, obtained by Judicial Watch through the Freedom of Information Act (FOIA), include internal DOD email … Read more
https://www.youtube.com/watch?v=XQPrLMImfsA For More Information See: https://www.who.int/emergencies/ten-t…
https://www.youtube.com/watch?v=qkwcZqF_VGc http://archive.fo/YcIcu
by visualcapitalist Globalization has been a powerful force in shaping modern human history. The world economy has become increasingly connected and interdependent over recent decades, and conventional wisdom suggests that this will only continue in the years ahead. But while it’s tempting to extrapolate the past effects of globalization into the future, such a leap … Read more
by John Rubino It’s easy to forget, in light of subsequent events, how terrified the Democrats once were of Sarah Palin. As an attractive Christian woman with a bunch of kids, who apparently liked to hunt moose with her hunky husband, she was an arrow aimed at the heart of a long list of liberal … Read more
by John Rubino Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin. So why does this feel like such a let-down? Because the stars were aligned for a much bigger move. The structure of the late 2018 futures market had speculators historically short – which normally portends a … Read more