Breaking news, updates, and reports on current events.
by Lance Roberts So, have you heard the one about the “flattening yield curve?” It almost sounds like the start of a bad joke because there have been so many discussions during this past year on it. However, it has been largely dismissed under the “this time is different” scenario as trailing economic data has remained strong and … Read more
Born out of the Cold War, Five Eyes is a multinational spy network comprised of Canada, Australia, New Zealand, Great Britain, and the United States. The member states of Five Eyes gather intelligence about foreign countries, sharing it freely between themselves.
by WARREN MOSLER A falling stock market will get the Fed’s attention and trigger real economic weakness and aggressive rate cuts. But those rate cuts remove interest income from the macro economy, which doesn’t recover until after net deficit spending (public or private) gets high enough to support aggregate demand growth. And the last recession … Read more
by Simon Black We have been talking about the pension crisis for years now. It’s without a doubt one of the biggest, financial disasters. These pools of capital, responsible for paying out retirement benefits, are terribly underfunded. So anyone depending on a pension in their retirement years should seriously consider a Plan B – and sooner … Read more
Get your suntan lotion out. Global Warming is at your door! The upcoming storm could crack the top five biggest snowfalls in Asheville, North Carolina history. The upcoming storm could crack the top five biggest snowfalls in Asheville, North Carolina history. pic.twitter.com/pv69VIIMKB — WeatherNation (@WeatherNation) December 7, 2018 A winter storm is on the … Read more
by DCG Funny, when Gov. Kate Brown was running for re-election this year, she repeatedly declined to answer direct questions about tax policy (seeThe Oregonian). She also declined to say how much additional revenue the state would need. Voters re-elected her knowing that they would have to wait until late this year for the governor to release her budget … Read more
by DCG The gun grabbers in Washington State never quit. Voters in progressive Washington State approved (59.35% voted in favor) I-1639 last month which includes the following new gun control restrictions: Raising the minimum age to purchase a gun to 21 Adding background checks Increasing waiting periods Enacting storage requirements Read the details about the voter-approved initiative here. … Read more
by Dr. Eowyn A new study by the Center for Immigration Studies (CIS) found that, in spite of “barriers designed to prevent welfare use” by non-citizens, as many as 63% of non-U.S. citizen households in America have received some form of government welfare “often receiving benefits on behalf of U.S.-born children.” In contrast, only 35% of U.S. citizen households accessed welfare. … Read more
China-US scenarios: its obvious really but still a helpful 2*2 summary also of the varying scenarios that folks are laying out. @FitchRatings by way of @SoberLook pic.twitter.com/G0mipstEe3 — Adam Tooze (@adam_tooze) December 7, 2018
https://twitter.com/OccupyWisdom/status/1071118912585125888 https://twitter.com/OccupyWisdom/status/1071124801069158400
Average weekly *hours YoY vs. Retail Sales YoY pic.twitter.com/AIU2Glxucr — Teddy Vallee (@TeddyVallee) December 7, 2018 ECRI U.S. Weekly Leading Index growth edged down to -4.1%, a 144-week low. #economy https://t.co/oVlvE3ZV3P pic.twitter.com/uuNP3UBxS4 — Economic Cycle Research Institute (ECRI) (@businesscycle) December 7, 2018 Recession ahead? BASF cuts '18 EBIT outlook on Chemical segment. Cuts view to … Read more
credit spreads blowing out again pic.twitter.com/cz97yAUrKb — Alastair (@StockBoardAsset) December 7, 2018 https://twitter.com/TeddyVallee/status/1071082524418433027 pic.twitter.com/mpIa0ODpTV — Alastair (@StockBoardAsset) December 7, 2018 remember: when stocks get ahead of credit – that is when stocks puke pic.twitter.com/hVM8mdhPyP — Alastair (@StockBoardAsset) December 7, 2018 I got good news and bad news…next week should be a low timing wise but … Read more
This seems to happen every year, but this years outbreak is more alarming than usual. Dozens of hospitals and handfuls of schools have closed all across the UK as a result of a Norovirus outbreak. THAT IS CRAZY, even though it’s only a 20% increase from this time last year of the same viral outbreak. Over … Read more
by Dana Lyons The numerous important trendline tests currently underway across the financial markets suggest this is a key juncture. Volatility in global equity markets has kicked back into hyper-drive this week with an average daily true range in the S&P 500 approaching a staggering 3% for the week. The volatility (at least the downside part … Read more
by Mark Tapscott Journalists lauded former Attorney General Jeff Sessions for recusing himself from all matters involving the investigation of allegations of collusion between 2016 Trump campaign aides and Russian interests in order to avoid even the appearance of conflicts of interest. But what about the mainstream media’s conflicts of interests? Journalism ethics dictate that journalists … Read more
BUT OF COURSE: Snopes, Fact-Checker For Facebook And Google, Botches Fact Check. The meme showed a picture of President Donald Trump with Republican lawmakers and members of his administration following the House’s vote to repeal Obamacare in 2017. Thirty-three people in the photo Snopes used had a red X over their face, though it cropped out … Read more
● Shot: Andrea Mitchell Blames Trump ‘Gaslighting,’ ‘Unfairness of Media’ for Hillary’s Loss. —NewsBusters, today. ● Chaser: ● Hangover: Pathetic MSNBC Runs Promo of Hillary Telling Andrea Mitchell She’s ‘My Kind of Woman’; ‘Love You!’ —NewsBusters, September 15, 2016. h/t ED
In the light of everything that is going on around the world today Charlie Chaplin’s speech from 1940 should still resonate with everyone even today. It’s not about ME vs. YOU, LEFT vs. RIGHT, GREEN vs. BLUE,… This simple but powerful sentence sums it up pretty well: “Greed has poisoned men’s souls, has barricaded the … Read more
via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. When it comes to supporting new businesses, not all jurisdictions are created equal. Whether it’s the basics, like hooking up electricity and registering the business, or more complex regulatory hurdles, your location can impact the success of your venture in a big way. … Read more
Chinese Tech Exec Faces 30 Years in Prison in U.S., Canadian Prosecutor Says (VANCOUVER, British Columbia) — A top Chinese telecommunications executive facing possible extradition to the United States appeared in court Friday as she sought bail in a case that has rattled markets and raised doubts about the U.S. being able to reach a … Read more
Grateful for a fair hearing from judge. Hard to protect my rights without being in contempt, which I don’t believe in. So will sit in the dark, but Republicans agree I’m free to talk when done and transcript released in 24 hours. This is the closest I can get to public testimony. — James Comey … Read more
by axolotl_peyotl Although things are allegedly heating up in the Mueller probe, one shouldn’t lose sight of the alleged wrongdoings of the Clintons via their questionable “foundation” that has long been suspected of shady financial dealings. These latest statements from the Clinton Foundation CFO likely won’t bode well for the aging Clintons, as perhaps there … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the fall of Huawei as the share price continues a tail spin following the arrest of CFO Meng Wanzhou in Vancouver, Canada at the extradition request of the United States. The tech behemoth out of China has been unrolling the 5G network in the … Read more
by Kimble Charting This chart looks at the Russell 2000 over the past 30-years, where it has spent the majority of that time, inside of rising channel (A). This chart reflects that the long-term trend in small caps remains higher. Weakness this year has it testing rising support tied to the 2009 lows at (1). Joe Friday Just The Facts … Read more
https://www.youtube.com/watch?v=GlGwEdQ8Av8 For More Information See: https://www.cnbc.com/2018/12/06/fed-o… http://theeconomiccollapseblog.com/ar… http://theeconomiccollapseblog.com/ar… https://etfdailynews.com/2018/12/06/d…