Breaking news, updates, and reports on current events.
by Charles Hugh-Smith All asset “wealth” in credit-asset bubble dependent economies is contingent and ephemeral. A funny thing happens to “wealth” in a bubble economy: it only remains “wealth” if the owner sells at the top of the bubble and invests the proceeds in an asset which isn’t losing purchasing power. Transferring “wealth” to another asset … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Ecommerce and the globalization of retail have already crushed old distribution channels, middlemen, local retailers, and large retailers. Even the biggest of the biggies, such as Walmart, are now scrambling to get on top of it, or they too will be counted among those, like Sears, that didn’t — and were … Read more
by TFittonJW I’d like to think our battles aren’t David vs Goliath but Goliath vs Goliath… President Trump took notice yesterday: Obama-Clinton-Russia: The REAL Collusion Scandal; Docs Show Obama State Dept. Launders Steele Dossier to Target @realDonaldTrump; and Leftists Threaten Electoral College and U.S. Constitution. Huge @JudicialWatch Update! https://t.co/JTMAjukmKm pic.twitter.com/LQSz3TTJXr — Tom Fitton (@TomFitton) June … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The benefit of NIRP: There’s hell to pay – even the ECB admits it. European bank shares – which have been getting crushed and re-crushed for 12 years – are getting re-crushed again. On Friday, the Stoxx 600 Banks index, which covers major European banks, including our hero Deutsche Bank, dropped … Read more
Cristina Laila from The Gateway Pundit reports, Congressman Devin Nunes (R-CA) ripped the corrupt Democrats and their criminal Russia hoax on Wednesday in a blistering opening statement during a House Intel Committee hearing. https://www.youtube.com/watch?v=w3A8S3GbFxI Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…
Mass Immigration and the Housing Market – Breaking down the numbers (Link to article below) https://www.cbc.ca/news/business/immi…
by Natura Naturans Atmospheric CO2 concentrations back then of course were much lower than the historically very modest 410 ppm we have today. Early Holocene temperatures were 2-4 degrees warmer than today. https://notrickszone.com/2019/06/14/arct…s-thrived/ The period of the early Holocene, our present interglacial, according to all studies was between 2-4 degrees warmer than today. And CO2 had … Read more
via Bloomberg: The world’s biggest economy is already in a recession, according to prominent Canadian economist David Rosenberg, who says the U.S. Federal Reserve will begin cutting interest rates all the way back to zero starting this summer. Rosenberg, chief economist and strategist at Gluskin Sheff + Associates, told BNN Bloomberg in an interview airing … Read more
lol: http://archive.is/YeZL1
Unbelievable.64% of Canada’s yield curve is now inverted! Just as much as it was prior the tech bust & global financial crisis. Canada’s housing market: a bubble poised to burst. pic.twitter.com/G3pcjqbyBD — Otavio (Tavi) Costa (@TaviCosta) June 13, 2019
by Dr. Eowyn Today is Father’s Day. Happy Father’s Day to all the men who are real dads instead of mere sperm-donors! For more on the read dads, see the Pew Research Center’s “8 facts about American dads“. But shame on the mere sperm-donors. According to the U.S. Census Bureau, in 2017, 19.7 million children, more than … Read more
From Mac Slavo, SHTFPlan: A new report is showing that Google keeps two lists in order to blacklist those who won’t promote the official government narrative. Those lists are composed of “conservative” and “fringe” sites, and Google allows their employees to remove those blacklisted sites from web searches. This blacklisting is nothing more than censorship by … Read more
by WARREN MOSLER Not adjusted for inflation: Adjusted for inflation: Still looking down: Remember when last month’s spike higher was presumed to be the start of a turn around? . A Morgan Stanley economic indicator just suffered a record collapse
by Fabius Maximus Summary: Here is a summary of the available information about the incident in the Gulf of Oman, the most complete I’ve seen. It’s not much. Certainly not enough to justify the bold statements made by both sides. But in the past 20 years the US has attacked nations with little more basis than … Read more
Do you think that negative equity is a concern? Or nothing to worry about since “real estate always goes up in value”? Real estate around the world is excessively expensive. You can easily measure this by comparing it to the median household income. We’ve accelerated into astronomical territory. Since the housing crisis, real estate in … Read more
House Minority Leader Kevin McCarthy holds his weekly press conference. This takes place a day after the House Oversight Committee voted to hold Attorney General Barr and Commerce Secretary Ross in contempt of Congress. #FoxNews
The new robots at Boston Dynamics keep getting more and more sophisticated…
https://www.youtube.com/watch?v=_FBkqYJbRJI You guys don’t get it Pelosi Maxine water and the rest of the dummycrats all they care about is the paycheck. They don’t give a s*** about USA! Or the people who live in the Great States of USA they only care about them selves and their paycheck! They should all be removed from … Read more
