Breaking news, updates, and reports on current events.
by Michael Snyder We haven’t seen stock prices slide like this in a long time, and if this keeps up we could soon be looking at an avalanche. Our rapidly escalating trade war with China and more bad U.S. economic numbers pushed stocks down once again this week, and at this point the Dow Industrial … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Sign the already weak goods-based sector is getting weaker. Boeing, where art thou? Boeing is suffering from a sharp decline in orders, and this translates into a sharp decline in orders for “civilian aircraft” in the durable goods data trove released this morning by the Commerce Department. But it’s not just Boeing. It’s broader … Read more
American have an average of $6,506 in credit card debt, according to a new Experian report out this week. But which expenses are adding to that balance the most? A full 23% of Americans say that paying for basic necessities such as rent, utilities and food contributes the most to their credit card debt, according to a … Read more
J.P. Morgan economists slash their outlook for second-quarter growth to just 1% from a previous 2.25%. The economists also change their view that the Fed’s next move was an interest rate hike, and now believe it has an equal chance of cutting or raising rates. The two threats to U.S. growth are global economic developments … Read more
The so-called “greatest economy ever” is anything but. With each passing day, the dreaded “Stagflation” comes closer into view. Rising prices coupled with a recession is the worst of both worlds for the powers-that-shouldn’t-be at The Fed. Central planning is always doomed to failure. Economic reality always strikes with a vengeance.
https://www.reuters.com/article/china-banks-regulator-baoshang-bank/update-1-chinese-regulator-to-take-over-baoshang-bank-due-to-credit-risks-idUSL4N2302JN Baoshang Bank, a commercial bank with ~10k employees and over $61B total asset is facing severe credit risk and now being taken over by PBOC. This might the first bank run and bank bailout by PBOC after 1979 (Chinese economic reform) I *believe* that there have been other bank “failures” in China, … Read more
BY JOHN RUBINO There are trillions of dollars of bonds in the world with negative yields – a fact with which future historians will find baffling. Until now those negative yields have been limited to the safest types of bonds issued by governments and major corporations. But this week a new category of negative-yielding paper … Read more
by visualcapitalist Since the 2008 financial crisis, global private wealth has been steadily growing. In fact, overall private wealth worldwide reached $204 trillion in 2018, which is a 26% increase over the past decade. This week’s chart, which uses numbers from the Global Wealth Migration Review 2019, examines the top 10 richest countries and the growth of … Read more
The US and Bolton in particular has been trying to initiate an overthrow of Iran. This goes through MSM complacency, US officials, policies, and think tanks plotting war, false flags, and manufacturing consent to go to war with or create conditions condusive to overthrowing Iran. AC
Do politicians know this???? “Under the CPCA, individuals who have unexplained wealth can be ordered by the courts to show how they got their assets. The DPP only has to prove that there is a difference between your lawfully acquired income and your known assets. It is then up to you to prove that your … Read more
From Birch Gold Group “Too Big to Fail” corporations searching for an opportunity to refinance high-risk debt have been given a gift. But this gift comes with risks. Fed Chairman Powell decided back in January to pause any rate hikes after evaluating multiple risk factors, according to USA Today: In an interview with the CBS news program “60 … Read more
Scott Morefield from The Daily Caller reports, Fox News host Tucker Carlson took issue on Tuesday with Planned Parenthood of New York City president Laura McQuade’s contention that “transgender men” can get pregnant. https://www.youtube.com/watch?v=k239fZORssw Read More/Source/Credit/FairUse: https://dailycaller.com/2019/05/21/tu…
It’s a special edition of Louder with Crowder, as Bernie Sanders takes over for Steven. Talking Ben Carson and Oreos, milkshake attacks, cow kissing, and Bernie runs through just how bad the other Democrats are. The Great Mark Levin guests, and Half-Asian Bill Richmond sits third chair.
by Martin Armstrong QUESTION: Dear Martin, This was my first WEC and it was an overwhelming amount of impressions, contacts, information coming over me. Still struggling to digest it all. I did not realize beforehand so much, but creating contacts with like-minded people is such a crucial part of the conference. It looks like 99% of … Read more
Soldiers who describe themselves as “patriots” could end up on an “extreme right-wing” watch list, according to a cheat sheet of “indicators & warnings” reportedly published by the British Army. h/t Mac
Trump won 2662 counties. Hillary won 487. That is truly incredible. These democrats want to destroy rural America. Mind you, rural America is where a vast majority of gun owners reside. I don’t think it’s a coincidence. An election based on the popular vote would give all the nations voting power to the condensed cities … Read more
via mises: Listen to the Audio Mises Wire version of this article. As candidates in the 2020 Democrat primary race try to outbid each other with grandiose promises to voters, the rising level of student loan debt makes for attractive campaign fodder. Making headlines with a plan aimed at addressing the student loan problem is Elizabeth Warren, whose loan forgiveness … Read more
And there it is. WikiLeaks founder Julian Assange has been charged by the Trump administration’s Justice Department with 17 counts of violating the Espionage Act, carrying a maximum sentence of 175 years in prison. Exactly as Assange and his defenders have been warning would happen for nearly a decade. https://www.theautomaticearth.com/2019/05/debt-rattle-may-24-2019/