Breaking news, updates, and reports on current events.
by Thinker By Election Day 2016, taxpayers will have paid out more than $16 million to fund Bill Clinton’s pension, travel, office expenses and even the salaries and benefits of staff at his family’s foundation, federal records show. Since he left the White House in 2001, Clinton and his office have received more money through the … Read more
by Jesse The markets paused today to consolidate their gains. The economic news is not all that good if you look at it closely. But since most mainstream media talking heads just parrot talking points everything is just great. I adjusted and synched up the two equity charts with respect to levels and terminology. Both … Read more
Former president of Shell Oil Company John Hofmeister said former President Barack Obama had nothing to do with America’s increased oil production and actually frustrated many areas of the energy sector. Obama claimed he was responsible for America’s recent oil boom during an event hosted by Rice University’s Baker Institute on Tuesday night and Hofmeister challenged his assessment. “American … Read more
by Tom McClellan Investors’ appetites for risk taking can be measured with the comparison of the Consumer Discretionary sector versus Consumer Staples. The big shift in their behavior recently shows the huge abandonment of risk appetite in October to November 2018, but it also creates a huge oversold opportunity. The staples companies make things which … Read more
By Harry Dent Did you watch my video two Fridays ago? If not, check it out here. I explained how gold bugs are giving you dangerous advice about gold as an investment. But gold isn’t the only investment that people mistakenly make because they’re told the wrong thing. Real estate is another one. In fact, I’d go as … Read more
From Bloomberg: It’s official now that Jack Ma, chairman of the Chinese e-commerce giant Alibaba Group Holdings Ltd., is a member of the Communist Party. He’s also the richest of a growing gaggle of high-net-worth individuals in China, who between them control $6.5 trillion. The story of how China’s Communist Party, long an opponent of capitalist ideology, created one … Read more
by DCG Liberal logic: We have a “no weapons” policy. Criminal breaks rule and comes to school with weapon to shoot people. University police: Arm yourself with a hockey puck! I get that some people are afraid of guns. Yet I just don’t understand the mindset that one would choose to be defenseless. There has … Read more
Source says feds showed up this am, asked everyone to leave and put brown paper on the doors. pic.twitter.com/4qJBwzoKF4 — Fran Spielman (@fspielman) November 29, 2018 Federal agents showed up unannounced at the City Hall office of Finance Committee Chairman Ed Burke, kicked everyone out and papered over the windows Thursday morning. The exact nature … Read more
Thursday, Harvard law professor Alan Dershowitz called into Fox News Channel to react to the breaking news of Donald Trump’s former lawyer, Michael Cohen, reaching a plea agreement with FBI special counsel Robert Mueller to plead guilty for lying to congressional committees as part of the investigation into Russian collusion in the 2016 election. Dershowitz … Read more
technical defect of merkels plane via google translate: Technical problems in the government plane! On the way from Berlin to the G20 summit in the Argentine capital of Buenos Aires, the government machine with German Chancellor Angela Merkel (64, CDU) and Vice-Chancellor Olaf Scholz (60, SPD) in Cologne between land. The reason is a Technical … Read more
Portfolio Wealth Global, Released on 11/29/18 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book … Read more
BY ROBERT ROSS “Jeff Sessions leaving office is a definite win for the cannabis industry.” That’s a quote from Jeffrey Zucker. He’s the president of Green Lion Partners, a business strategy firm focused on the cannabis industry. Zucker refers to the recent resignation of US Attorney General Jeff Sessions. Sessions was a well-known critic of cannabis. … Read more
https://www.youtube.com/watch?v=fWSMhvbgfLE Cassandra Fairbanks for the Gateway Pundit reports, Following his permanent Twitter ban, apparently for being right-wing, Iraq War veteran and former GOP congressional candidate Jesse Kelly has been louder than ever. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…
by FS Drones are everywhere: they’re shooting film for the the movies we watch, delivering packages and medical supplies, even helping to plant seeds in areas devastated by forest fires. Tabb Firchau of Freefly Systems spoke to FS Insider on the explosive growth of the drone industry and how they are continually upgrading to do more. “If … Read more
via Bloomberg: Installment plans have helped shoppers afford large purchases since the late 19th century and are still available for pricey items like cars and smartphones. But to delay payment for a T-shirt and a couple pairs of jeans, you needed a credit card. Now several fintech startups are putting smaller purchases on installment, too. … Read more
Josh Sigurdson talks with Yaakov Markel about the recent news surrounding Meghan Markle, the Duchess of Sussex and the Royal Family as the IRS cracks down on the new Duchess for living in Britain. All of the Royal Family’s riches are now at risk of being exposed by the IRS in the United States as … Read more
For More Information See: https://www.breitbart.com/tech/2018/1… https://medium.com/@googlersagainstdr… https://www.theverge.com/2018/11/27/1… https://www.checkmyfile.com/articles/… https://amp.businessinsider.com/china… https://www.telegraph.co.uk/news/2018…
by DCG When the “Affordable” Care Act was passed, it expanded tax-payer funded health coverage through Medicaid. States that agreed to participate and expand eligibility would be reimbursed by the federal government at 100% of the costs with those reimbursement costs declining by 2020. As Nasdaq reported in 2016, states would take a hit to their budgets once … Read more
Wall St. For Main St., Released on 11/28/18 Jason talks about his research into GE and how there’s a much larger problem in corporate bonds and corporate debt than just General Electric (GE). 1) When Blue Chip Companies Pile on Debt, It’s Time to Worry https://www.nytimes.com/2018/11/26/op… 2) Lawmakers consider multibillion-dollar bailout for troubled pensions, retirees https://www.washingtonpost.com/amphtm… … Read more
by Dana Lyons Despite a more than 2% jump in the S&P 500, short-term volatility expectations unprecedentedly closed higher on the day. Yesterday saw traders (more likely, computers) push stocks sharply higher on the heels of an apparently more dovish Fed. In the case of the S&P 500 (SPX), we are talking about a gain of … Read more
From FXStreet: Going forward, there are – and will continue to be – three primary drivers of global physical gold (and silver) demand. During certain times in the past only one or two of these elements provided most of the momentum. However, as we move into 2019, and for possibly the next 5-10 years, all three will be … Read more
The market rallied Wednesday after Federal Reserve Chairman Jerome Powell said interest rates are “just below” the range of estimates for neutral. Some prominent Wall Street economists didn’t see a major difference from previous remarks. Powell’s remarks in October that the Fed was “a long way” from neutral helped spur a market sell-off on fears … Read more
via Zerohedge: Several weeks ago, when looking at the US budget data for the recently concluded (Sept 30) Fiscal 2018, we noted that the most troubling observation in the latest data (besides the growing deficit, rising spending and shrinking tax revenues) was that the government paid $523 billion in total interest in fiscal 2018, the highest on record. Alas, this … Read more
https://twitter.com/OccupyWisdom/status/1067983987828813824 Even After IMF Downgrade of Global Economy, Data Suggest Things Are Getting Worse Still “We know that rising trade barriers are ultimately self-defeating for all involved,” IMF chief Christine Lagarde said. “Thus, it is imperative that all countries steer clear of new trade barriers, while reversing recent tariffs.” glut/slowdown in China crushing rebar … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Exchange-traded bond funds and bond mutual funds are big business. They’re a lot easier for retail investors to buy and sell than the actual bonds, particularly bond ETFs, which trade on stock markets just like stocks — and can even be day-traded. But this liquidity for investors is precisely the potentially … Read more