Breaking news, updates, and reports on current events.
With perfect timing as the new government embarks on restructuring Mexico’s oil industry. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Mexico’s embattled oil giant Pemex has almost tripled its estimate of the potential reserves offered by Ixachi, a recently discovered onshore oil field in Veracruz. The field, located to the south of the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter After the hullabaloo on Wall Street and in the media about the comments made by Fed Chairman Jerome Powell and Vice Chairman Richard Clarida this week, the Fed released the minutes of the FOMC meeting on November 7-8. The WOLF STREET Fed hawk-o-meter checks the minutes for signs that the Fed believes the economy … Read more
via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Blockchain can be an elusive concept. Its abstract nature leaves many wondering if this emerging technology is the global catalyst evangelists claim it to be. But blockchain is more of a tool than a catalyst – not a one-size-fits-all, but a new foundation … Read more
For More Information See: https://dailycaller.com/2018/11/29/fb… https://www.cnsnews.com/blog/michael-… https://dailycaller.com/2018/11/29/go… https://www.thegatewaypundit.com/2018…
From Birch Gold Group In a speech on Wednesday, Federal Reserve Chairman Jerome Powell stated that he had a “neutral” outlook on rates. According to a CNBC article, he was quoted: Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for … Read more
by John Rubino Peter Schiff: “We’ll have to finance this debt the old fashioned way, though inflation – just like any other banana republic” … Catherine Austin Fitts: “Always have enough gold to bribe the border guards” … Chris Hedges: “We’re crucifying Julian Assange” … Jeff Berwick: “The biggest crash in human history is coming” … Read more
by DCG Jesse Ventura: A legend in his own mind/Instagram photo This douche bag won’t get many votes from the military and patriotic citizens. From Fox News: Jesse Ventura is considering running against President Donald Trump in 2020 — and the former pro wrestler is confident he can deliver a DDT to DJT in the election. “I haven’t made … Read more
https://twitter.com/oli_hood/status/1068264845173243905 something is not right if the stock market needed this much fake trade news & Fed dovish comments pic.twitter.com/BUan5T7QoT — Alastair (@StockBoardAsset) November 29, 2018 nothing to see here pic.twitter.com/U1ErwHzqg1 — Alastair (@StockBoardAsset) November 29, 2018 Fund Mgrs See Global Margins To Decline – 47 % of fund managers B of A surveyed see … Read more
https://twitter.com/NorthmanTrader/status/1068203987147677697 The latest #Fed minutes show concern about growth in leveraged lending. Read #IMFBlog to find out more about the risks https://t.co/bIKx1nbBqz #debt pic.twitter.com/PymDKab4Pw — IMF (@IMFNews) November 29, 2018 Non-financial corporate debt is at a record high of $75 trillion – up by $16 trillion since the 2013 taper tantrum. pic.twitter.com/9qa1V6L3Vt — IIF (@IIF) … Read more
#China Nov manufacturing PMI slows to 50 (from 50.2) – note that below 50 is contraction from the previous month. We are here: NO GROWTH of manufacturing. Services slow too. Composite to 52.8 from 53.1 – activity definitive slower. So when Xi meets Trump, this'll be on his mind pic.twitter.com/pcpIrXbzuQ — Trinh (@Trinhnomics) November 30, … Read more
via eyeball1234: Here’s the output for Sofia, using the same assumptions from the chart. Interested to hear your thoughts. https://imgur.com/a/BDW9nbd
via UKHouseOfCommons: Sources: European Commission data Tools: PyQGIS API, GIMP, Adobe Illustrator This graphic shows the distribution of European Regional Development Fund, European Social Fund, Cohesion Fund and the European Agricultural Fund for Rural Development from 1989 to 2015. If you want more information on EU funding for regions within its member states, you can find it … Read more
by DESTWOY Now that we’re approaching 31 days before the last trading day of 2018, it’s a good time to examine and/or temporarily pause/modify any automated investments to avoid triggering the wash sale rule. If you aren’t familiar with TLH, it’s (at a high level) the practice of selling losing investments as a way of … Read more
by arghvark I’ve heard stories about people who got a raise only to find out that they were bringing home less money because of “taxes” on the additional income, and I’ve always been suspicious. It just didn’t sound right. So I’ve done calculations to satisfy myself that, in fact, it can’t happen as regards US … Read more
by taxable_efficiency I stayed with the same insurance company for auto since 2007. I added my wife to the policy when we got married in 2013, and then added a policy for our home in 2014. I noticed that the premiums were always trending up, as though there was no benefit for being a loyal … Read more
Bank of American Merrill Lynch says Target and Walmart online sales are outpacing those at Amazon and urges clients to buy the stocks. Analyst Robert Ohmes says Walmart saw its U.S.-owned e-commerce growth accelerate to 43 percent in the third quarter, while Target jumped 49 percent year-over-year. Ohmes adds that the snowballing growth has been … Read more
via thestreet: Stocks quotes in this article: SHLD, DB, C, JPM, BAC, WFC * Large U.S. banks are rapidly gaining share in fixed income trading and retail and corporate lending Deutsche Bank’s shares hit another new low overnight. As I have written in the past, I view (DB) as the next Black Swan in Europe: “Like Sears (SHLD) , Deutsche Bank has … Read more
https://www.youtube.com/watch?v=SI9Ns… Michael Cohen pleads guilty, says he lied about Trump’s knowledge of Moscow project
by WARREN MOSLER No drama here: More housing weakness news: Highlights This has not been a good run for housing data. Pending home sales fell a very steep 2.6 percent in October which is far below Econoday’s consensus range. Existing home sales did end a long downturn in last week’s report but today’s results point strongly … Read more
From Zero Hedge Reeling from a Morgan Stanley downgrade of European Banks and a second day of raids on its Frankfurt headquarters, Deutsche Bank shares declined by another 3% on Friday to a new all time low just above €8, bringing the YTD loss to 50%. In what appears to be the latest in a string … Read more
Caravan leaders are urging women volunteers to go on a hunger strike, the goal is to pressure immigration to free their entry into the US (39:10) They want to keep women on hunger strike with the children in the immigration booth to protest h/t marcomartim
https://www.youtube.com/watch?v=n9by-2y6eww Hillary thinks that by running for president again..that money will start pouring back into the Clinton foundation again …by other world leaders and corrupt elites as they donate millions to Hillary in order to get favors onces Hillary’s. elected into office again….play for pay…Hillary is planning on the dirty money rolling in from her … Read more
by Shaun Richards It was not that long ago that many of us “experts” in the interest-rate market felt that negative interest-rates could not be sustained. Back then the past Swiss example could be considered a tax – which remains a way of considering negative interest-rates – and the flicker in Japan was covered by … Read more
by TIMOTHY_TRISMEGISTUS One of my early introductions to conspiracy thought was the Deep Politics of Peter Scott Dale. I was very impressed with the cohesive argument that power is wielded in private and that the public facing heirarchies are nothing more than puppets parroting the will of occulted sources. I then found the Institute for … Read more