On Wire

by Graham Summers of Gains, Pains, & Capital Stock markets are rallying today on the belief that somehow the US and China will sign a trade deal at the upcoming G-20 meeting. Investors are buying this narrative despite the facts that… 1)   The Trump administration has already admitted that a deal is highly UN-likely. 2)   The Trump administration … Read more

There is going to be a reset of this unpayable debt, and financial writer and precious metals expert Bill Holter contends, “It’s going to happen, and I hope for not a very long period of time. I am hoping it’s just a two week or four week event where the system goes down and goes … Read more

FBN’s Kennedy on President Trump’s criticism of the Federal Reserve. “Bloodsucker” is a good description of the actual owners of the Fed, both metaphorically in terms of the drain on the economy and as a literal description of the behavior of certain members of their tribe. h/t Voluntaryist    

“Suddenly America is the largest oil producer, that was me, people… Have you checked where your stocks were when I came in office and where they are now? … Just say thank you, please.” – Obama VIDEO: “Suddenly America is the largest oil producer, that was me, people… Have you checked where your stocks were … Read more

via visualcapitalist: It’s easy to be envious of the leaders of Fortune 500 companies. They get paid millions of dollars, and they have the power to make transformative decisions for some of the most beloved companies in the corporate world. Despite the obvious benefits of being a top CEO, it’s a job that comes with immense … Read more

by Disobedient Media The Guardian’s latest attack on Julian Assange was not only a fallacious smear, it represented a desperate attempt on behalf of the British intelligence community to conflate the pending US charges against the journalist with Russiagate. The Guardian’s article seeks to deflect from the reality that the prosecution of Assange will focus on Chelsea … Read more

by Troy Well that was quick. Less than 2 months ago Fed chairman Powell said that interest rates were “far below neutral” (implying that rates needed to be hiked much more). After the stock market has fallen 10%, Powell now thinks that “interest rates are close to being neutral” (implying that fewer rate hikes are … Read more

From Birch Gold Group Lawmakers are considering the possibility of earmarking billions of dollars to bail out some failing pension programs. The proposed bailout was outlined in The Hill: The proposal, a draft of which was obtained by the Post, would require the Treasury Department to spend as much as $3 billion annually to subsidize payments for retirees … Read more

via @crossbordercap: Tightening Again … Alas Latest data show major #CentralBanks’ aggregate balance sheet shrinking 1.3% in US$ terms .US$, policy liquidity shrank by a whopping 5.4% , mostly due to #Fed but also by #ECB and #BOJ #BOE info..act@liquidity.com     Even After IMF Downgrade of Global Economy, Data Suggest Things Are Getting Worse … Read more

by Michael Snyder The U.S. economy is definitely deviating from the script, and we just got more evidence that “Housing Bubble 2” is bursting.  Experts were expecting that new home sales in the U.S. would rise in October, but instead they plunged 8.9 percent.  That number is far worse than anyone was projecting, and many … Read more

by Charles Hugh-Smith This systemic vulnerability is largely invisible, and so the inevitable contagion will surprise most observers and participants. The conventional definition of a Bear is someone who expects stocks to decline. For those of us who are bearish on fake fixes, that definition doesn’t apply: we aren’t making guesses about future market gyrations (rip-your-face-off rallies, … Read more

The bribery trial of Dr. Patrick Ho, a pitchman for a Chinese energy company, lifts the lid on how the Chinese regime relies on graft to cut Belt and Road deals in its global push for economic and geopolitical dominance.    

https://www.youtube.com/watch?v=77MFh0R6Ww8

by Brandon Smith At the beginning of 2018 I wrote extensively on what was likely to happen under the administration of Jerome Powell, the new Federal Reserve Chairman. In my article ‘New Fed Chairman Will Trigger A Historic Stock Market Crash In 2018‘, published in February, I predicted that the Fed would continue interest rate increases … Read more

BY JOHN MAULDIN Science tells us energy can neither be created nor destroyed within a closed system. The form may change, but the amount will only stay the same. If this only held true for debt. Within the closed system called Earth, we create debt much better than we eliminate it. Well, when we have too … Read more

By Bill Bonner BALTIMORE, MARYLAND – The stock market continued with a modest bounce yesterday… but America’s automotive giant, General Motors, sank into the mud. The proximate cause was a tweet by President T., who threatened to remove federal subsidies to GM’s electric cars. This from Bloomberg: President Donald Trump said he’ll consider killing subsidies … Read more

by Sovereign Man This doesn’t make front page news… But it should. Every year, cost of living adjustments increase Social Security benefits. Over the past decade, payouts have increased by an average of 1.66% per year, according to the Social Security Administration (SSA). But for 2019, the increase will be 2.8% to keep pace with inflation. … Read more

By Lance Gaitan Early this week, the market shook off Thanksgiving blues and started with a bang! Stocks bounced sharply, and Treasury yields moved up in tandem. Last week’s start was a different story. Stocks fell sharply. Treasury bonds were mostly steady; despite the sell-off in stocks, they didn’t rally much on the long end of … Read more