On Wire

by AnonDidNothingWrong Italy populist leaders back France ‘yellow vest’ protests ROME: The two leaders of Italy’s ruling populist coalition Monday spectacularly threw their support behind the “yellow vest” protesters roiling neighboring France. “Yellow vests, do not weaken!” Deputy Prime Minister Luigi Di Maio, who heads the anti-establishment Five Star Movement (M5S), wrote on his party’s … Read more

THE POWER OF GLAMOUR: Alexandria Ocasio-Cortez a good dancer, clueless on tax policy. Does the Bernie Sanders-backed U.S. Representative from the Bronx — who wants to abolish ICE — not know there’s seven federal tax brackets in the 2018 U.S. tax code and that the “rich” already pay the lion’s share of taxes? In fact nearly … Read more

Geraldo Rivera got into a shouting match on Monday night after defending violent illegal aliens on Hannity. Sean Hannity had just interviewed the parents 22-year-old Pierce Kennedy Corcoran of Knoxville, Tennesse who was killed by an illegal alien last week. https://www.thegatewaypundit.com/2019/01/blowout-on-hannity-unhinged-geraldo-defends-violent-illegals-hannity-and-bongino-explode-video/   h/t Voluntaryist

by Troy As the S&P 500 makes a sharp upwards reversal towards its 38.2% fibonacci retracement, the U.S. stock market’s breadth is surging and risk-off assets (USD) are falling. This combination of extremely strong breadth and a decline in risk-off assets often leads to short term weakness before a bigger medium term rally, but sometimes … Read more

by Alasdair Macleod via Mises Wire It is easy to conclude the EU, and the Eurozone in particular, is a financial and systemic time-bomb waiting to happen. Most commentary has focused on problems that are routinely patched over, such as Greece, Italy, or the impending rescue of Deutsche Bank. This is a mistake. The European Central Bank and … Read more

The stock market has gained on Monday’s trading session after absolutely nothing happened to cause it to move upward. Wait, what did I say? You heard me correctly. The market is anticipating good news coming out of the trade talks and so the market has risen. What information do they have? Non whatsoever. But if … Read more

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But this time it’s not a result of a tech bust. That hasn’t happened yet. Housing inventory listed for sale in the two counties that make up Silicon Valley – San Mateo County and Santa Clara County – and in the county of San Francisco, surged by 113% in December compared … Read more

https://www.youtube.com/watch?v=IApJYmPDcT0 Jan. 7, 2019– Mary Greeley News – At least nine states are now affected by gasoline shortages, a situation which President López Obrador says is the result of the government’s new strategy to combat petroleum theft. https://marygreeley.com/?p=79921    

https://www.youtube.com/watch?v=d4X3U3dXn5M Jan. 7, 2019– Mary Greeley News – (Reuters) – Chalk it up to years of corporate disconnection from reality, but Pacific Gas & Electric (PG&E) is reportedly now facing bankruptcy after being suspected a culprit of the last devastating Californian wildfires. https://marygreeley.com/?p=79896      

Yet another example to add to a pile of data that demonstrates why CNN is THE most trusted name in FAKE “news.” https://www.youtube.com/watch?v=NmvPTXItt8U    

This Zerohedge article makes the case that the only way for China to avoid a stagnant economy is to back the Yuan with gold. Further, the only way the Yuan can become the global reserve currency and destroy the dollar is to back the Yuan with gold. I believe this is the real issue between … Read more

by John Rubino 2019 is looking like one of those either/or years, where growing financial instability leads to either a 2008-style financial crash or another round of asset inflation. In Jay Taylor’s latest newsletter, he concludes that both scenarios are good for gold: Which Safe Haven Markets Will Dominate in 2019? If we are, as I … Read more

Private Companies Are Paying to Keep Yellowstone Clean During Shutdown: They have a profit-based incentive to keep the tourists coming. Nearly three weeks into the government shutdown, some of America’s national parks are starting to get a bit rank. Access is free, since there are no employees to collect the typical $35-per-vehicle entrance fees, but … Read more

by Jesse Colombo Bloomberg just published a piece explaining why the post-Great Recession U.S. auto sales boom is coming to an end: Carmakers have enjoyed an extended run of near-record U.S. sales and fat profits. But this year, it looks as if the party really will start to end. Interest rates are on the rise. The average price of a … Read more