Breaking news, updates, and reports on current events.
BY JOHN RUBINO Rick Rule: “These are the numbers I find compelling” … Deutsche Bank: “Three Fed rate cuts in 2019 are off the table” … Nouriel Roubini: Bitcoin is a scam … Grant Williams: How gold actually works in a crisis … Terrifying news about 5G from someone who’s installing it …
by visualcapitalist Just as there exists a longstanding inequality in the distribution of household wealth, so exists a considerable differential in the amount of wealth held by countries on the international stage. Simply put, some nations are “haves”, while many others are “have-nots”. “Wherever there is great property, there is great inequality.” – Adam Smith, The Wealth … Read more
via zerohedge: JP Morgan got out ahead of many of its Wall Street peers two months ago when its chief economist laid out the bank’s view that it now expects two 25 basis point rate cuts in 2019. Of course, that was before most analysts started calling for a 50 bp cut when the FOMC meets later this … Read more
https://www.bloomberg.com/news/features/2019-07-03/the-mystery-millionaire-who-haunted-london-s-insider-trading-trial July 2, 2019, 9:01 PM PDT When Alshair Fiyaz, a wealthy businessman with a shaggy mane of hair, walked into the garden of London’s Four Seasons Hotel on a pleasant June evening five years ago, he had no idea he was being followed. He was there to meet Walid Choucair, a trader wearing a … Read more
by AlexPitti The May monthly construction spending report was very bad as it was down 0.8% monthly and 2.3% yearly. The weakness is in residential construction, specifically, in single family residential construction. Residential construction spending fell 11.2% yearly. Single family spending fell 7.6% and multi-family spending was up 9.3%. Single family housing has become unaffordable which … Read more
by AlexPitti Estimates for Q2 EPS growth as of June 28th were -0.21%. Since firms usually beat estimates, it’s likely we will see growth. Even in the last recession more than half of companies beat estimates. We’re not suggesting earnings seasons in the last recession were good. They were bad because estimates cratered ahead of time. … Read more
A senior commander in Iran’s Islamic Revolutionary Guard Corps on Friday threatened to seize a British tanker if the UK doesn’t release the Iranian ship detained in Gibraltar on suspicion of carrying crude oil to Syria in violation of EU sanctions. “If Britain does not release the Iranian oil tanker, it is the authorities duty … Read more
via abcnews: During last week’s presidential debate, the former Newark mayor took a strong stance against the pharmaceutical industry, saying that pharmaceutical companies should be “held criminally liable” for the health and opioid crisis across the country and further stated that his campaign doesn’t take contributions from the industry’s corporate PACs and executives. ABC News’ closer examination of disclosure … Read more
by Simon Black Here’s our Friday roll up of the most absurd and concerning articles we came across this week. US Government officials consider banning end to end encryption Leaders from US government agencies are rumored to be pursuing a ban on end-to-end encryption. Tech companies like Apple and Google often build encryption into their … Read more
CNBC: Record Low Unemployment For Asian Americans (July 5, 2019)
I watch a fair number of TED talks, usually commenting to the screen how much I disagree with what the presenter is spewing forth, as they tend to be left of center, ideologically. I am quite surprised that this young man wasn’t booed off the stage after they realized that he was advocating against their … Read more
Mac Slavo July 3rd, 2019 SHTFplan.com One Florida Democrat is proving just how far government officials are willing to go to squash free speech. Frederica Wilson says lawmakers should make a law protecting themselves from jokes…and no, this is no joke. On Tuesday, Wilson went with other members of Congress to tour a detention facility … Read more
Covered in this video: -How the top VC’s in Silicon Valley “invest” in the DARPA no-bid winners that guarantee success -How he gave Android tech to NK and China -How he gave FB and Google tech to China that was used to create Ten Cent, Baidu and all other hugely successful companies -How China is … Read more
via CNBC: Wikpedia Co-Founder Larry Sanger said in an interview social media companies like Facebook and Twitter are abusing their power and violating users’ privacy and security. He criticized executives in Silicon Valley like Facebook CEO Mark Zuckerberg for being “too controlling.” Sanger is advocating “decentralized” social networks. Larry Sanger co-founded Wikipedia in 2001 … Read more
TradersChoice.net, Released on 7/5/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more
via electronicspoint: Amidst the ongoing ‘trade war’ between the U.S. and China, global technology heavyweights are reportedly to move substantial amounts of their production capacity out of China. Several U.S.-based technology giants who include Microsoft, HP, and Dell are reportedly looking at moving substantial amounts of their production out of China. Spurred on by the ongoing … Read more
Jason shows more proof from his daily life that inflation/shrinkflation is getting much worse in just the last few months. First off, what is #shrinkflation? In economics, shrinkflation is the process of reducing the size or quantity of a product while the price of the product remains the same or slightly increases. In some cases, … Read more
