On Wire

by Tom The United States has spent $7 trillion and impoverished it’s citizens fighting global oil wars that have killed 6 million people. The damage from these wars has destroyed global infrastructure in the attempt to dig up more fossil fuels. The US is in complete collapse with 1 out of 6 in poverty, 63% … Read more

by jessefelder Back in March of 2009, within days of the bear market low, I shared a chart that highlighted a very interesting long-term Fibonacci support level. That chart is recreated below and it shows that the S&P 500 bottomed almost exactly at the 61.8% Fibonacci retracement of the bull market gains that began in 1982. Obviously, … Read more

TradersChoice.net, Released on 5/29/19 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

by Martin Armstrong   While there is a grave danger many speak of with trade wars creating protectionism, that is merely a reaction to the economic decline in the West. It is not merely trade wars; it is appearing also in tax wars. Germany bribing Swiss bankers to get names of Germans with accounts in … Read more

by Simon Black Five years ago, a company called Yo raised $1.5 million at a $10 million valuation. What did investors and end-users get for this much money? An app that allowed users to send the message “Yo,” (and NOTHING else) to their friends. It didn’t take long for the company to blow through all that … Read more

by Rudi Fronk & Jim Anthony for Streetwise Reports Buy equities and sell gold because the economy is strong and the Fed is supportive? Really? We think you should not be fooled by the reigning narrative. Consider the following: In 2018, U.S. real GDP growth was the best in years. Nominal GDP rose more than 5% while the national debt … Read more

by Brandon Smith As I predicted in my article ‘Trump Trade Wars A Perfect Smokescreen For A Market Crash’, published in March of 2018, as well as in my article ‘The Trade War Distraction: Huawei And Linchpin Theory’, published in December of 2018, the US/China trade dispute has escalated into an all out war with no end … Read more

… on Wednesday Germany reported that its economy appears to have finally hit major pothole as German unemployment unexpectedly surged for the first time in almost two years as the economic slowdown finally started to take a toll on the labor market, according to Bloomberg. Specifically, in May the number of people out of work climbed … Read more

via zerohedge: Following an unconfirmed report on Monday that Italy faces a €3.5 billion fine from the European Commission unless Europe’s largest sovereign debtor curbs its debt levels, moments ago Bloomberg confirmed that the Commission has indeed put Italy’s debt once again in its sights, sending a letter to the Italian finance minister in which it … Read more

by Caitlin Johnstone If you only tuned into US politics within the last couple of years this will come as a major surprise, but believe it or not there was once a time when both major parties weren’t constantly claiming that imminent revelations are about to completely destroy the other party any minute now. Used to … Read more

by Jesse Colombo Last week, Morgan Stanley analyst Adam Jonas shocked the investing world by cutting his worst-case forecast for Tesla stock from $97 to just $10 per share (it was trading at approximately $200 per share at the time of the announcement). Jonas cited the company’s heavy debt load and exposure to China as the main … Read more

https://www.cnbc.com/2019/05/29/dont-say-we-didnt-warn-you—a-phrase-from-china-signals-the-trade-war-could-get-even-worse.html  

https://www.youtube.com/watch?v=Vptf_28tr20

https://www.youtube.com/watch?v=hXeyytJIipU

Via ZeroHedge A car company in Central China has claimed that it has built a hydrogen powered vehicle that’s capable of traveling up to 500km using only water as power, according to the South China Morning Post. The vehicle was made by Qingnian Cars in Henan province and made its first drive on Wednesday of last week when local Communist … Read more

by Michael Lebowitz “The biggest problem that most people have is that they read Wall Street research reports and they believe the Wall Street hype… Wall Street analysts are very, very easy to fool, they’re generally parrots for what management tells them.” – Sam Antar, former CFO Crazy Eddie In 2018, Goldman Sachs underwrote 513 … Read more