On Wire

by Dr. Eowyn The Aviary is an upscale cocktail lounge in Chicago. NBC5 Chicago reporter Mary Ann Ahern tweeted that last night, the U.S. Secret Service handcuffed and took into custody a female Aviary employee who spat on Eric Trump, President Trump’s 35-year-old second son. Most of the tweets in response to Ahern’s tweet applauded the spitter: @JoeMooky: … Read more

By Harry Dent We live in a world where we wake up to news (and a shocking image) of a drowned father and daughter on the banks of the Rio Grande and threats from North Koreans about not letting the U.S. “bring them to their knees.” Tensions between the U.S. and Iran are rising all … Read more

The Drudge Report political website posted a surprising instant poll showing that its visitors believed Rep. Tulsi Gabbard of Hawaii was the overwhelming victor of the first Democratic presidential debate, polling at almost 35% with 12,314 votes. Her closest competitor was Sen. Elizabeth Warren of Massachusetts, who was polling at just under 13.5% and 4,791 … Read more

by Jesse Colombo Despite all of the controversies, drama, and staff turnover, one thing has been consistent throughout Trump’s presidency: his frequent praise of the stock market’s performance and taking credit for it. As someone who has been warning that our stock market boom is really a dangerous, debt-driven bubble that is going to end … Read more

https://youtu.be/bjWGPWj-oN0

From Birch Gold Group When journalists prepare for a story, they usually research their story by getting the “Who – What – When – Where – Why – How.” But this method is not limited to just journalists. You can apply the same approach to your retirement planning. Let’s start with the first five: Who? Since … Read more

IBC wants taxpayers to subsidize high risk home owners (Link to article below) https://www.cbc.ca/news/politics/tax-…  

by Egon von Greyerz Finally it happened although it took 6 long years to break through The Gold Maginot Line at $1,350! This resistance was a lot stronger than the original French one in WW II since it took the Germans less than a year to penetrate it in 1940. But we must remember that … Read more

by Michael Snyder Right now the entire nation is buzzing about the very first debates for Democratic presidential contenders in 2019, and much of the focus of those debates will be on the economy.  A total of 20 candidates will participate in those debates, and the vast majority of them don’t have a prayer of … Read more

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Five companies blow $55 billion in Q1 to prop up their own shares. Apple was once again the biggest share buyback queen of them all: In the first quarter of 2019, it spent a new all-time record of $23.8 billion on buying its own shares, apparently because everyone else was selling … Read more

by visualcapitalist Everyone has to start somewhere. While the modern fortunes of people like Jeff Bezos and Bill Gates seem stratospheric in size, even the world’s richest self-made billionaires had to crawl before they could walk. After all, the journey to becoming ultra-wealthy hinges on earning that very first $1 million – the initial pillar of … Read more

BY JOHN RUBINO Not so long ago, Europe seemed to have its financial house more-or-less in order. German government spending was actually falling. Industries that had been nationalized in the socialist 70s were being privatized. The European Central Bank – run by sound money advocate Jean-Claude Trichet – was smarter and more cautious than the … Read more

by Keith Weiner of Monetary-Metals Let’s start with Frederic Bastiat’s 170-year old parable of the broken window. A shopkeeper has a broken window. The shopkeeper is, of course, upset at the loss of six francs (0.06oz gold, or about $75). Bastiat discusses a then-popular facile argument: the glass guy is making money (to which all we can say is, “plus … Read more

Live streams: NBC (hosting the debate) https://www.nbcnews.com/video/watch-2020-democratic-debate-on-nbc-news-62129733759 ABC   h/t Boaty

via mishtalk: There is little to like in today’s residential sales report. New home sales dove 7.8% overall and prices also fell 8.1%. Economists expected a rebound in housing this month so they are no doubt shocked by the Housing Residential Sales report. New Home Sales Sales of new single‐family houses in May 2019 were at a seasonally … Read more

via @TaviCosta: 82% of its yield curve is now inverted! Recent political and social unrest just adds to this warning signal.