Breaking news, updates, and reports on current events.
Senator Ron Johnson presiding over pre-dawn session for vote on a measure to require Congressional authorization for military action in Iran. Senate Minority Whip Dick Durbin is the first to vote. The Senate will keep the floor open for the vote so Democratic senators running for President and attending the debate in Miami can return … Read more
MOSCOW (Sputnik) – Thousands of were evacuated due to eruption of Ulawun volcano in the southwestern part of the island of New Britain in Papua New Guinea, media reported on Thursday. The country’s government estimates that at least 5,000 people have left the villages located near the volcano, which began spewing ash on Wednesday morning, … Read more
by Dana Lyons Various measures of the overall market of stocks are giving mixed signals; is it a sign that the broad market will lead stocks to new highs or a dangerous divergence portending a top? As you may know, when it comes to analyzing the prevailing equity investment climate, we are strong advocates of … Read more
by GoldCore GoldCore Note Gold prices are marginally higher today and look set to have their best monthly gain since June 2016. Spot gold was up 0.2% at $1,413.60 per ounce in late morning trading in Europe. Gold has risen over 8% this month so far. A monthly close above $1,400/oz will be positive from … Read more
via Zerohedge: Earlier today, in a stark reversal from its traditionally cheerful demeanor, a Goldman Sachs strategist warned that “purely based on elevated equity valuations, as measured by the S&P 500 Shiller P/E, and current growth, according to our US Current Activity Indicator (CAI), the risk of an equity drawdown of more than 10%”, i.e. … Read more
Brad Harris, AI analyst of global newsfeeds, survival skills instructor, homesteader, & founder of FullSpectrumSurvival.com, returns to Reluctant Preppers to alert us to: – What you’re not being told about the Collapse of 2019 in progress, – “Misinformation Flag” – the new kiss of death to independent media sites, – Revisionist “Research” via Revisionist … Read more
In his tweet, Lee intended to remind others that “bitcoin is a hypervolatile asset” and that this makes it “great for volatility and other dedicated traders.” Still, he noted that most should probably use a different approach instead: “For most, taking a long-term view is more appropriate.” https://www.zerohedge.com/news/2019-06-27/cryto-carnage-continues-bitcoin-crashes-below-11000 h/t Roman Stone
As Trump touts stocks, bonds send an ominous message President Trump often touts the buoyant stock market as an indication his economic policy success. In so doing, he chooses to ignore the much gloomier message that the bond market is now sending us as to where the U.S. economy might be headed. Exclusively relying on the … Read more
‘That little girl was me.’ Kamala Harris tears into Joe Biden on praising segregationists and opposing busing telling how SHE was bused to integrate a school leaving Democrat frontrunner stammering and saying ‘My time’s up. Sorry’ Joe Biden’s praise for segregationists followed him to the Democratic presidential debate on Thursday evening and exploded into a … Read more
by Martin Armstrong Austria was able to sell its second 100-year bond in history at just a yield of just over 1.00%. Some argue that capital has been forced to buy anything that has a yield which the ECB has been forcing negative interest rates. Why would anyone in their right mind buy a 100-year … Read more
by Mac Slavo of SHTFplan The city of Los Angeles is quickly descending into a cesspool of decay and disease. With bubonic plague now likely present amongst residents, the city and the state of California are on the verge of becoming a third-world hellscape. Some say that that’s already happened… Tucker Carlson had historian Victor Davis Hanson on … Read more
By The Phoenix Well, that’s that… Anyone who was clinging to hopes of a US/China trade deal at this weekend’s G-20 meeting just woke up to find… 1) President Trump is already talking about hitting China with MORE tariffs if talks fail. 2) China demanding that the US lift its ban on Huawei as part … Read more
by WARREN MOSLER Most all euro area indicators still in collapse due to tariffs: Production held up even as consumer spending slowed: Highlights The outcome was expected but not the mix. The third estimate of first-quarter GDP rose 3.1 percent and is unchanged from the second estimate. But consumer spending did not live up to expectations, … Read more
by Charles Hugh-Smith According to the BLS, inflation in the category of “New Vehicles” has been practically non-existent the past 21 years. Longtime readers know I’ve long turned a skeptical gaze at official calculations of inflation, offering real-world analyses such as The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016) and Burrito Index Update: … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Part of Carmageddon, But Consumers Demand It The average age of passenger cars and trucks on the road in the US ticked up again in 2019, to another record of 11.8 years, IHS Markit reported today. When I entered the car business in 1985, the average age had just ticked up to 7.8 … Read more
by Michael Snyder Just in time for the 2020 election, Twitter has come up with a new “policy” that is obviously intended to neuter the effectiveness of President Trump’s Twitter account. Right now, Trump has 61.4 million followers on Twitter, and his tweets regularly make headlines all over the world. Trump has been devastatingly effective … Read more
by Michael Snyder Unlike Wednesday night, the mud was definitely flying when 10 more Democratic presidential candidates took the stage for a nationally televised debate on Thursday night. The most frequent target was former Vice President Joe Biden, and it is going to be very interesting to see how he bounces back from this. Senator … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Average age of vehicles rises, but new-vehicle sales drop to where they’d been 20 years ago. So what are automakers doing? The average age of passenger cars and trucks on the road in the US ticked up again in 2019, to another record of 11.8 years, IHS Markit reported today. When I entered … Read more
