Breaking news, updates, and reports on current events.
by Kurt Schlichter You look at the Democratic debaters and you despair. It’s a hackneyed collection of motley mediocrities that includes, among other things, an unrepentant crusty commie, an ersatz squaw, a golddigging narc, a handsy grandpa, a furry, and a New Age weirdo who unironically channels Oddball from Kelly’s Heroes. To quote the gender fluidity pioneers … Read more
by Ryan McMaken via Mises Wire On Wednesday, the Fed’s Federal Open Market Committee lowered the target federal funds rate by 25 basis points, dropping it to 2.5 percent. The Fed had last changed its target rate in December of 2018, when it raised the rate from 2.25 percent to 2.50 percent. It now looks like 2.5 percent … Read more
by entropiceggplant …we’ve had the most devastating crashes in history. The past isn’t the future, but, this has only happened twice before. We are currently 68% above the EMA. Have fun telling me why I’m wrong! Seriously, tell me I’m wrong. I’m scared. Somebody hold me.
by Throwaway1546320 US-China have been moving towards a “war” scenario for quite some time. There are two great ways to model this. The first being the Thucydedes Trap. The story is a small one. But as China challenges America’s predominance, misunderstandings about each other’s actions and intentions could lead them into a deadly trap … Read more
by EsteevTrabajos1 APOLOGIES FOR THE LONG POST – If you’re here just for the picks, scroll down and skip my scattered musings on the state of the markets for the week What a week for the stock market we just had! JPOW, earnings/guidance all over the place (I’m looking at you, $SQ, $ETSY), new tariffs … Read more
by noah8597
via innovationexcellence: While there is no one magic indicator of the market’s future, these three may provide some of the best insights into the current and future state of the economy. Warren Buffett once said, “Be fearful when others are greedy and greedy when others are fearful.” In August of 2007, I had a meeting with … Read more
via Otavio (Tavi) Costa: Bond market clearly spelling trouble ahead for stocks. Can’t believe investors are still buying into this bullish insurance cut thesis.
by saxplayer00o1 Bloomberg Traders Brace for Full-Blown Currency War as China’s Yuan Sinks Traders in Asia are bracing for a full-fledged currency war, after a slide in China’s yuan past the 7 per dollar mark raised the prospect of policy makers allowing … 9 hours ago The Guardian Markets fall sharply amid fears of full-scale US-China … Read more
via Alastair Williamson: the industrial slowdown is now spreading into services
via Otavio (Tavi) Costa: Gold in yuan terms breaking out while stocks are selling off. Credit bubbles always burst.
U.S. stock market futures were sliding on Monday morning after China’s central bank set the yuan’s daily reference rate below 7 per dollar for the first time in over a decade. The Chinese government has also asked its state-owned firms to suspend imports of U.S. agricultural products, according to Bloomberg. The People’s Bank of China … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the inevitable fall of the Canadian dollar as we see a complete yield curve inversion and talks of lowering interest rates all the while. The yield curve inversion has historically signified a recession and Canada has already been in a technical recession since 2008. … Read more
The US Government and its Private Contractors have access to so much surveillance tech, yet they cant accurately identify people in mass shootings or other crimes – the spying has nothing to do with keeping us safe! – This is a must watch video https://youtu.be/Tgji4J2BVNs The US Government and its Private Contractors have so much … Read more
by Spanish_guy The riots are unprecedented in their scale: Police stations are being set on fire across Hong Kong: A video circulating online on Monday shows protesters throwing apparent Molotov cocktails into a police station, causing fires next to parked police vehicles.https://t.co/kmLJLFCnSX #HongKong #antiELAB pic.twitter.com/Bgz7WsjVHd — Hong Kong Free Press HKFP (@hkfp) August 5, 2019 Major … Read more
by Orangutan Federal Reserves is still a good topic. Apparently YouTube is feeling otherwise. https://www.youtube.com/results?search_query=Federal+Reserve
by vkhy First of all, no we don’t need thoughts and prayers. So in the past 2 months, protests started off as anti-extradition bill. But our government refused to acknowledge the elephant in the room and retract the bill, and defined many of our peaceful protests as “riots”. Mind you, Protestors were only armed with … Read more
By Nick Cunningham It was a rough week for the U.S. shale industry. A series of earnings reports came out in recent days, and while some drillers beat expectations, there were some huge misses as well. Concho Resources, for instance, saw its share price tumble 22 percent when it disclosedseveral problems at once. Profits fell by … Read more
