On Wire

Do you think that the Fed is planning on cutting rates in order to pick up inflation? Or is this because of the yield curve, a weakening economy, or other factors? There have been non-stop aggressive calls for the Fed to decrease interest rates. Considering we’re being told that the economy is doing well and … Read more

Do you think a large percentage of people are paying for things with debt and carry a balance? Today we have a record amount of debt on all levels. Whether it’s the national debt, corporate debt, or personal debt, it’s all compounding, weighing down on everyone. Today, we have the most excessive levels of debt … Read more

Blain’s Morning Porridge, by Bill Blain, of Shard Capital We’ve an exciting week’s play in prospect here in the Global Financial Markets. Highlight will be Friday’s G20 meeting and the expected/hoped for Trump Xi trade rapprochement.  What if it doesn’t happen? There are a thousand and one reasons it might well still be cancelled, and just as … Read more

Authored by Richard Breslow via Bloomberg, It’s hard to tell whose bluff was called last week, but the end result is that almost every systemically important central bank did more than blink. They caved. The question is, did they do so to keep the fun alive? Because they know something that they are loathe to tell us? Or … Read more

VIDEO: “Insider Blows Whistle & Exec Reveals Google Plan to Prevent ‘Trump situation’ in 2020 on Hidden Cam” (Project Veritas) Plus: “Insider: Google Violates ‘letter of the law’ and ‘spirit of the law’ on Section 230.” https://www.projectveritas.com/2019/06/24/insider-blows-whistle-exec-reveals-google-plan-to-prevent-trump-situation-in-2020-on-hidden-cam/   WARNING: It’s very possible this video may not be up for long. You might want to download … Read more

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Fed has already accomplished more with its verbiage this year than it had last time when it cut rates all the way to near-zero and did trillions of dollars of QE. And we’re seeing the first results. (11 minutes)      

by Charles Hugh-Smith The asymmetries are piling up and we’re cracking under the weight. Judging by the record-high stock market and the record-low unemployment rate, the “recovery” has reached new heights of prosperity. Academics and think-tankers viewing the global economy from 40,000 feet are brimming with policies to bring the remaining laggards into the booming economy. … Read more

via @DriehausCapital:      

There has now been a special prosecutor assigned to handle JS case. The Judge has now ordered RS to answer her about his latest contempt. The [DS] is pushing their agenda with another wrap smear campaign. Text messages were released between Hannity and Manafort. Trump has no preconditions with Iran, he is ready to talk … Read more

By MC01, a frequent commenter on WOLF STREET: In February 2019, Hyundai Heavy Industries (HHI) was selected by the Korea Development Bank (KDB) as the “sole bidder” for the ailing Daewoo Shipbuilding and Marine Engineering (DSME), in which the State-owned Korea Development Bank holds a 55.7% stake. Samsung Heavy Industries (SHH) had already announced they had no interest … Read more

The [CB] economic system is not working for the people. People are now speaking out against the establishment and the [CB]. The people want a change and they want the country to come first. Trump has now shown that he has the magic wand when it comes to the [CB] economy and is preparing to … Read more

via @TaviCosta: Russell 2000 way off its highs is not confirming a breakout in the S&P 500. It’s a bearish distortion that spells trouble ahead.  

Almost 60% of the US yield curve now inverted. Canada is about 70%; Hong Kong is 80%! Almost 60% of the US yield curve now inverted.Canada is about 70%; Hong Kong is 80%! We are at the pinnacle of a historic bubble.At any moment, the wheels will come off. Check out our latest macro presentation … Read more