On Wire

You don’t need to watch the video or response: Essentially the argument is China has switched to a cashless economy and will the U.S. Arguments for why the US will: 1) China has, fees are lower (Bloomberg released this video on May 20th https://www.youtube.com/watch?v=SJh_Uir5EMI&t=1s and https://www.bloomberg.com/graphics/2018-payment-systems-china-usa/) Arguments against 1) Banks are quite powerful 2) American consumer is a … Read more

May left a mark. Even before heavy losses on Friday , the S&P 500 was on track to suffer a black eye on the monthly chart in the form of a “bearish key reversal.” That’s illustrated in the candlestick chart below, from a Thursday note by George Davis, chief technical strategist at RBC Capital Markets: Key reversals … Read more

via @RealDavidJensen: It is on – that is the bottom line. #Fed suddenly cut the Money Supply (TMS) in 2017 just like 2000 & 2007 & now the crash begins after 1 – 2 yrs. GDP, PMI, Inventories, dropping Treasury yields, etc. just lagging indicators. #markets #Finance #fx #EndTheFed Not just #bond yields caving. 2,000 share … Read more

by John Rubino A few short weeks ago, the economy seemed to be growing, the trade war looked winnable and the Mueller Report appeared to take presidential impeachment off the table. And then… The economy hit a rough patch. Auto sales are down and home sales are way down. This morning: Pending home sales fall, marking … Read more

by Jesse Colombo The U.S. automobile sales boom has been one of the most important economic growth engines since the Great Recession. The boom kicked off with the federal government’s “cash for clunkers” rebate program and was fueled by cheap auto loans and leases, which were a result of the Federal Reserve’s ultra-low interest rates … Read more

I didn’t know Ben Garrison also wrote editorials!  Nice! ============================================ = He should be fearful—he’s an absolute disgrace. He said he had no confidence that President Trump did not commit a crime, then he added there wouldn’t be a successful court resolution. Its Mueller’s way of saying Trump is guilty, but the legal system would prevent Trump’s prosecution. This … Read more

Greg Hunter gives The Weekly News Wrap-Up for Friday, May 31st, 2019 Like a supernova flaming out, Special Prosecutor Robert Mueller announced he’s closing his office and stepping down. Before he did, he gave a short press conference to trash President Trump on the way out by not giving him the presumption of innocence. Mueller said he … Read more

by Dr. Eowyn Our Founding Fathers created a federal republic, wherein the national government shares political power with state governments, instead of a centralized political system like China or the United Kingdom where political power is in the central government, and whatever powers are exercised by regional and local governments have been delegated to them … Read more

You can’t tax your way to prosperity…but you can surely tax your way into poverty. Instead of drastically shrinking government involvement in the U.S. economy, and making America more competitive, the Trump Administration chose to increase government intervention. Tariffs have always been destined to fail. The ramifications are hitting Americans hard, and it looks like … Read more

by Adam Taggart of Peak Prosperity Sometimes you really do find enlightenment at the top of the mountain. I spent this week hiking in Montana’s Bitterroot mountain range, as a participant in the pilot run of a new personal-growth-through-adventure-travel startup. In our group was a famous professional cyclist, who had been a superstar on the Tour de France … Read more

by Kevin Muir of The Macro Tourist Do you know how easy it would be for me to write a bearish piece? Olive Penderghast easy. Sentiment in the financial community is awful. The global economy was already stinking before Jerome & Co. tightened to the point of slowing the American economy. Now that the Federal Reserve tightness is finally biting … Read more