Breaking news, updates, and reports on current events.
via mises.org: When politicians and bureaucrats fail to deliver what they promise — which happens a lot — we’re often told that the problem can be solved if only we get the right people to run the government instead. We’re told that the old crop of government agents were trying hard enough. Or that they didn’t have the … Read more
Kids don’t need much. Lots of great memories can be had without digging into debt. 3 in 10 Americans Are Still Paying for Last Year’s Holiday Expenditures But that won’t stop them from tacking on still more debt. “Holiday shoppers are expected to spend generously this year, with the National Retail Federation estimating the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Bloodletting beneath the surface. Big names too. Here they are. It’s barely a correction, technically speaking, with the S&P 500 down 9.9% from its all-time closing high, the Dow down 9.2%, the Nasdaq down 14%, and the Russell 2000 small-caps index down 15%. But beneath the surface, there has been some … Read more
by Michael Snyder Your cellphone is a gold mine of information about where you have been, who you have been talking to, and what you have been doing online. And now a “mysterious new tool” is enabling law enforcement authorities all over the nation to get access to that information on virtually any phone. So … Read more
https://twitter.com/OccupyWisdom/status/1065340939378614272 https://twitter.com/OccupyWisdom/status/1065342202526732298 https://twitter.com/OccupyWisdom/status/1065411704023072768 https://twitter.com/OccupyWisdom/status/1065439246864003072 Here is the history of Black Friday pic.twitter.com/p288F5IS7w — Alastair (@StockBoardAsset) November 22, 2018 New Lows Coming While US cash markets are closed the futures continue to trade, with all of them red at the moment including, notably, oil. Also notably any corresponding bounce in US Treasury paper is missing in … Read more
https://twitter.com/OccupyWisdom/status/1065659423555837953
Credit market, stock markets, carry trades, blow up just on this little move….. pic.twitter.com/uslkej6c6e — M/1_LP (@MI_Investments) November 22, 2018 When credit initially starts contracting it leads to more credit contracting NOT LESS until there is sufficient free credit or cash to offset Agree… problem is credit contraction implies liquidation & requires new available … Read more
via tobefrankj: The full article is here: https://www.theguardian.com/world/ng-interactive/2018/nov/20/revealed-one-in-four-europeans-vote-populist Graphics are made in d3 and animated with css. To conduct the research, the Guardian enlisted the help of more than 30 political scientists to assess which European parties could be considered populist, under academic definitions of the word, at various points over the past 20 years. … Read more
A $9 trillion corporate debt bomb is ‘bubbling’ in the US economy Companies are carrying a $9 trillion debt load, posing a potential threat should rates continue to rise and the economy weaken. Most Wall Street bond experts think the issue is contained for the next 12 to 18 months, though one says the market’s … Read more
Investors Pulled $29 Billion in October, Most in Three Years From Funds Investors pulled more money out of stock and bond funds in October than in any month in more than three years. Mutual and exchange-traded funds had net redemptions of $29.1 billion last month, the biggest outflows since August 2015, according to a report … Read more
With no major move in interest rates and continued weakness in home affordability, there was not a lot of incentive for homebuyers to make a move last week, and there was even less for homeowners looking to save money on their mortgages. Total mortgage application volume moved 0.1 percent lower last week from the previous … Read more
via marketwatch: A year ago, I wrote about the worrying increase in leverage among America’s blue chips caused by share repurchases (“Hollowed-out blue chips are the next subprime”). Today I want to return to the subject, because the travails of General Electric are a reliable signal of the trouble ahead for the large corporate sector of the … Read more
by Shaun Richards Sometimes financial life comes at your quickly and at others it feels like it takes an age. The current Italian crisis has managed in typically Italian style to have covered nearly all bases as we note the main driver simply being lack of economic growth meaning on a per head basis economic … Read more
by Martin Armstrong The real curious thing is that the Abu Dhabi sovereign wealth fund filed a lawsuit against Goldman Sachs precisely on the Pi Target Wednesday (Nov 21) for allegedly conspiring against the Middle Eastern fund to further a criminal scheme by Malaysia’s scandal-plagued 1MDB. So here we have the suit filed precisely on … Read more
https://www.youtube.com/watch?v=6T6jmaB-VKM I feel sorry for the young generation! The USA that I grew up in was proud, it was brilliant and bright! It was relatively safe compared to today! It had a sense of belonging to a country! I fought for this country to come home and see a country falling apart and being given … Read more
Sh*t is getting real inside Tijuana. https://www.theguardian.com/world/2018/nov/19/mexico-protests-grow-in-tijuana-against-migrant-caravan Here they come US. WTF! that guy looks Chinese. Their PLA Trojan Horse strategy. To infiltrate The US. This video needs to be seen by everyone. It is a report from a Mexican journalist who is reporting the true intent of the invading “caravan” from the … Read more
In this edition of “Inside Judicial Watch,” Judicial Watch President Tom Fitton gives an update on some of the key cases and investigations Judicial Watch is involved with, including the Clinton email scandal, the Mueller probe into alleged Trump/Russia collusion during the 2016 election, and the midterm election recount in Florida.
by sundance An article published originally in the U.K. Telegraph, and republished via Yahoo News outlines growing fear within the U.K. government and British intelligence officers surrounding President Trump discovering how far they were involved within “Spygate”. The facts are not uncommon to anyone who has done research into the events of 2015 and 2016; however, the interesting … Read more
by Dr. Eowyn In a bill-signing event in New York last August 15, New York’s Demonrat governor Andrew Cuomo, a rumored 2020 presidential candidate, said: “We’re not going to make America great again. It was never that great.” Some millennials agree. https://fellowshipoftheminds.com/wp-content/uploads/2018/11/Millennials-Agree-With-Cuomo-That-America-Was-Never-T.mp4?_=1 On this Thanksgiving Day, let’s look at how Americans compare with the rest of … Read more
You said nothing as homosexuals were tossed off buildings, as women were stoned for being raped, or as dissidents were harassed or assaulted. Stop with the crocodile tears over the White House Khashoggi statement, stop being opportunists about the death of a journalist.
by CelineHagbard Glenn Greenwald succinctly and insightfully explains the negative consequences of “ex” intelligence officers being paraded as the truth on mainstream media, using #Resistance to gain credibility from those who see Trump as a threat to democracy. Whether you’re for, against, or ambivalent about Trump, this is a disturbing trend in modern media. … Read more
by Thinker Why are there so many homeless Americans??? If you look at history and go all the way back to the beginning of the Hollywood for president Reagan era, history tells the whole story of how the White House became an illusion of liberty, justice, and freedom. Republican and Democrat alike took turns robbing … Read more
Prof. Richard Wolff explains why the $3 billion subsidy for one of the world’s largest corporations is a terrible waste of public money When really all of theses places should have said no, we are not going to pay a multi billion dollar company to operate here using tax dollars when public funded institutions have … Read more
This was was essentially breaking down the unseen danger. While one particular issue might be “small”, the counter-party risk could be great. It could pull everything down with it. One country owns the debt of the others. Suddenly, someone else’s problems come around. That’s not good. Do you think systemic risk will be a major … Read more
by DCG I read about a musician being beaten up by someone with a baseball bat last week in downtown Seattle by a homeless encampment. I wondered if the perp might have been a homeless person. I was right. Ever since Seattle declared a homeless crisis three years ago, the situation has only gotten worse. And … Read more