Breaking news, updates, and reports on current events.
Should Americans wish each other “Happy holidays” or “Merry Christmas”? Should an office “Christmas party” be called a “holiday party” so that it’s more inclusive? Dennis Prager answers these questions and more in this short video.
I’d recommend everyone check out his books, End The Fed, Revolution: A Manifesto, and Liberty Defined. These books really opened up my eyes and his recommendations at the end of the books lead me to studying free-market economics. I read Mises, read Hayek, read Hazlitt, and never went back. AC
by Shaun Richards This week has seen something of an expected shifting of the sands from the European Central Bank ( ECB) about the economic prospects for the Euro area. On Monday its President Mario Draghi told the European Parliament this. The data that have become available since my last visit in September have been … Read more
from Financial Survival Network John Grace joins us again… Black Friday – Retailers earn 40% of their sales in this short holiday season time frame. And many of us never cast a shadow in the doorway of a store. We shop online. Seeing the pictures of Black Friday, with people pressed up against the outside of store … Read more
This time the truth came out. How many drills were reported as real before that? U.S. Navy says incident at Walter Reed hospital was a drill, no shooter https://www.msn.com/en-us/news/us/us-nav…ar-BBQafwO AC
Deirdre Bosa for CNBC reports, After a search that’s lasted nearly 10 months, Airbnb finally has a CFO. The home-sharing start-up is announcing Monday that Dave Stephenson will join Airbnb as chief financial officer. https://www.youtube.com/watch?v=GJlYDEztTBk Read More/Source/Credit/FairUse: https://www.cnbc.com/2018/11/26/airbn…
Hmm. It’s like common sense plays out exactly as you thought it would in the real world. “The police can’t stop an intruder, mugger, or stalker from hurting you. They can pursue him only after he has hurt or killed you. Protecting yourself from harm is your responsibility, and you are far less likely to … Read more
China Warns Trade War With US Could Escalate Into ‘Great Depression & World War’ Washington is considering sanctions against companies and officials linked to China’s alleged crackdown on the country’s minority Muslims. Speaking to Reuters before heading to join Chinese President Xi Jinping’s delegation at this week’s G20 summit in Buenos Aires, Cui Tiankai said China was going to the Argentinean … Read more
from Financial Survival Network One of our favorite guests Darryl Schoon joined us for a continuing dialog about the financial collapse that never really ended. We’re about done with intermission and then things are really going to get interesting. Capitalism requires that interest be paid on investments, which means that profits must continue to increase just to pay … Read more
Germany implements new internet hate speech crackdown A new German law named NetzDG that will force social media sites to delete offensive content has come into effect with the New Year. There are plenty of critics on both the far-right and among internet activists. Facebook, Twitter, and Google will need to get used to new … Read more
Fox News reports, CNN’s Jim Acosta made his return to the James S. Brady room on Tuesday for a press briefing with Sarah Sanders — 20 days after the reporter was temporarily banned from the White House. https://www.youtube.com/watch?v=aNDAFvS-G5s Read More/Source/Credit/FairUse: https://rightwing.news/banned-cnn-sta…
Do you think the Fed will increase interest rates in December? Yes or No? FANG stocks fell into a bear market. GE stock as well. Banks are completely destroyed, desperately hiding their contagion risk. But he market is ignoring all of this and focusing with intent on the Fed and their December meeting. Should they … Read more
On Aug., 1, 2017, Brittany Cloyd of Frankfort, Kentucky, said she experienced pain “worse than childbirth.” Her mother — who had been to nursing school — drove her to the nearest emergency room. Brittany thought her appendix had burst, but tests at the ER found she had ovarian cysts. She was given pain medication and … Read more
by Michael Lebowitz On November 27, 2018, the CFO from United Technologies (UTX) stated that his company will focus on deleveraging and not stock buybacks. This announcement comes as General Electric (GE) is struggling mightily to retain investment grade status and its stock is nearing levels last seen during the depths of the financial crisis. … Read more
Just like United States, we’re not going to sign it! http://www.ansa.it/english/news/politics/2018/11/28/italy-not-signing-global-compact-salvini_fde75c34-ea73-4358-bd17-df80c94e5c2d.html (ANSA) – Rome, November 28 – Deputy Premier and Interior Minister Matteo Salvini said Wednesday that Italy will not take part in an intergovernmental conference in Marrakech next month to adopt the United Nations Global Compact for Safe, Orderly and Regular Migration. “Just like … Read more
From Reason: Socialism is now cool in some circles. Newly elected Congresswoman Alexandria Ocasio-Cortez praises “Democratic Socialism” and told comedian Stephen Colbert, “in a modern, moral and wealthy society, no person in America should be too poor to live.” Colbert ate it up. “Seems pretty simple!” he replied, to cheers from his audience. But socialism … Read more
Rich Dad Radio, Released on 11/28/18 Real estate markets are approaching 2007 prices; in some places even exceeding prices from a decade ago. Does this mean we’re headed for a crash? Rich Dad advisor Ken McElroy joins Robert & Kim to offer insight into both the residential and commercial markets.
via Meadow Clark: How would you like to pay a 163% meat tax every time you want a steak or a burger? What about when you want some bacon with breakfast, or when you’re craving a ham sandwich? After much talk, economists and so-called health experts have finally decided what’s best for society: no steak for you! … Read more
by Vitaliy N. Katsenelson Our firm bought Apple shares for clients’ portfolios in 2013, and we are used to being a contrarian voice when it comes to the stock (read here and here) — we loved it when it was hated. Now we are contrarian again — this time going against the company’s faithful. Here are key reasons why we … Read more
fake trade news, fed members commenting, wall street going dove, and the hopes of g-20 trade deal have been the reason for basing pic.twitter.com/HFL0RJl9KB — Alastair (@StockBoardAsset) November 28, 2018 Folks, today was a massive intervention day with fake trade news 2am, Fed speak 830am, 930am, and throughout the day, then Trump & Kudlow pumping … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Seattle home prices drop at fastest pace since Housing Bust 1. Feeble declines in San Francisco, Denver, Portland, etc. Flat prices in others. Condo prices in NY City suddenly jump. Single-family house prices in the US, according to the S&P CoreLogic Case-Shiller National Home Price Index, were essentially flat on a … Read more
by Dlumb77 2 Observations: Increasing population. Unchanged Land availability. Competition through supply/demand dynamics will surely drive up prices in places that populations is increasing. Low Interest rates. We’re at the end of a 35 year decline in interest rates. With today’s low interest rates (in comparsion to the historical average), you can buy a higher-priced house … Read more
by TFittonJW Judicial Watch has been investigating Rep. Waters for some time: https://www.judicialwatch.org/blog/2018/11/maxine-waters-unfit-to-chair-house-financial-services-committee/ Considering her record and documented history of poor ethical and moral fitness, it’s outrageous that Maxine Waters is up for chair of the ultra-powerful House Financial Services Committee, which has jurisdiction over the country’s banking system, economy, housing, and insurance. With Democrats … Read more
by TFittonJW The Clinton gang is not out of the legal woods yet. I discuss the latest court developments here:
Authored by Lance Roberts via RealInvestmentAdvice.com, Wall Street loves to label stuff. When markets are rising it’s a “bull market.” Conversely, falling prices are a “bear market.” Interestingly, while there are some “rules of thumb” for falling prices such as: A “correction” is defined as a decline of more than 10% in the market. A “bear market” is a decline … Read more