On Wire

by WARREN MOSLER All seems to be rolling over: This source of growth may be decelerating as well?

Josh Sigurdson talks with author and economic analyst John Sneisen about the fall of the UK economy as the British Pound sees 2 year lows that if not for what we saw in early 2017, would be closer to 34 year lows. As the Bank of England desperately attempts to prop itself up as Brexit … Read more

https://www.youtube.com/watch?v=Ba8C70ilAjc A US federal judge has told the Justice Department it must stop alleging that a Russian firm accused of election interference was funded by the Kremlin – or face ‘a range of potential sanctions’. The rebuttal comes in response to unsubstantiated claims from the Attorney General, William Barr.    

New Facebook Policy Bans Antifa But Also Allows People To Literally Break The Law. Facebook issues “clarifications” to its new content guidelines in which any group that has ever engaged in a wide range of activities can not only be banned but a special provision will allow people to directly target these people with law … Read more

In the Urupema municipality of Brazil, the temperature dropped to −9.2 ° C. The temperature record was fixed on July 7, the lowest temperature at that time in the entire history of meteorological observations.       h/t GW

by Simon Black Imagine a place where you could spend all day sitting on a beautiful beach, sipping piña coladas, mingle with some of the most fascinating people you’ll ever meet, and not pay any taxes… It’s the classic dream of the offshore tax paradise. Unfortunately, that dream is largely dead due to Uncle Sam’s aggressive … Read more

Fox News contributor Trey Gowdy reacts to the upcoming report from Inspector General Michael Horowitz on FISA abuses. #FoxNews  

BY SVEN HENRICH It may be a good time to remind everyone of an old market adage: Nobody will ring a bell when market cycles end. There won’t be a grand announcement that a top is in. There won’t be a massive reversal that will make it clear to everyone that a major top is … Read more

By Irina Slav Insurance rates for tankers going through the Strait of Hormuz have skyrocketed tenfold in the two months since the first attacks on tankers off the coast of the UAE, CNBC reports, quoting the chief executive of a shipping company. The news could reinforce anticipation of higher oil prices, not because of fundamental … Read more

US citizens live in a country where the rich use the media outlets they own (film, tv, radio, the msm in general) to subtly and sometimes not-so-subtly tout the virtues of the economic system used here and convince the 99% that “Things are great, citizen!” even though that very system makes the rich richer while … Read more

via John Stossel The city of Dunedin, Florida, wants Jim Ficken’s home. Ficken’s mom died, so he went to South Carolina to take care of her estate. He asked a friend to look after his house. But then the friend died, and no one cut Ficken’s grass. When it grew to 10 inches, Dunedin officials started … Read more

via MarketWatch: Let’s just say sympathy is in short supply. In an example of extreme American consumerism, one anonymous man, using the handle Slavikfill, claimed to be seeking tips on how to stretch his household income of $500,000 a year when he posted his since-removed budget on Reddit. “My wife and I are in our early thirties. We live … Read more

By The Phoenix Stocks broke the lower trendline of their bearish rising wedge yesterday. The drop would have been greater, but the investment world is waiting to see what Fed Chair Jerome Powell has to say to Congress today. Powell is in a truly horrible position. It is clear the global economy is rolling over. … Read more

by Michael Lebowitz  If you think the Fed may only lower rates by .50 or even .75, you may be grossly underestimating them.  The following article was posted for RIA Pro subscribers two weeks ago. For more research like this as well as daily commentary, investment ideas, portfolios, scanning and analysis tools, and our new … Read more

https://www.youtube.com/watch?v=mFFuwFU6GB0