Breaking news, updates, and reports on current events.
from Zero Hedge When Deutsche Bank CEO Christian Sewing told Deutsche Bank shareholders at the bank’s annual general meeting this morning that he was prepared to make “tough cutbacks” at DB’s struggling investment bank, he wasn’t kidding. Four sources familiar with the bank’s thinking reportedly told Reuters that the bank is planning serious cuts at its US equities business, including … Read more
by Mac Slavo of SHTFplan If the United States’ central bank, the Federal Reserve, stops printing money, the stock market will crash. However, the continual printing of money could cause a crash of its own. Either way, we are in a lose-lose situation when it comes to the decisions made by central bankers. Will the stocks crash in … Read more
by northmantrader Remember all that talk of optimism in Q1 and into April? It came easy after markets rallied hard following the Fed caving. The Q1 slowdown was just temporary, it’s going to be like early 2016, easy Fed is all that matters. Besides, a trade deal is just around the corner. Don’t you know? Look … Read more
by Simon Popple of Brookville Capital Everyone knows what’s going on. Many choose to do nothing. Bury their heads in the sand. A few are prepared to shout out loud. Remind everyone what’s happening. Unfortunately, a lot of very sensible and well-intentioned folk have been discredited – because they’ve got it wrong. Not the outcome (we don’t know … Read more
By Irina Slav Staying true to their promise from the campaign trail, Alberta’s Conservatives have introduced a bill to repeal a carbon tax introduced by their predecessors at the helm of the province, the New Democratic Party. Reuters reports that the repealment of the carbon tax was planned to be the first piece of legislation to be … Read more
by Simon Black Last week the price of Bitcoin was double what it was on April 1 of this year. Then it crashed by almost 20% in matter of days. Then it surged again. And at the time of this writing, the price of bitcoin is just shy of $8,000. That’s a pretty volatile ride. Naturally … Read more
By Robert Ross Wireless technology has come a long way. The first generation of wireless known as 1G was rolled out in the 1980s. The only thing a user could do with 1G was make a phone call. At times, the call quality could rival that of two tin cans connected by a string. But … Read more
BY PATRICK WATSON People are worried robots will take their jobs. That’s a legitimate fear sometimes, but it’s not new. It is just another step in a process that started long ago. The bigger question is whether job automation is good. If we want the economy to grow, the math is pretty easy. It’s a … Read more
by Clive Maund of Streetwise Reports Gold and silver dropping back again late last week had investors in the precious metals sector feeling despondent, especially as their fears were magnified by at least one analyst calling for gold to drop to the low $900s or even lower, which is normal when prices sink, but our charts are instead … Read more
by Kimble Charting Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could! This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs. It … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the inevitable fall of the Australian housing market as some markets see an annual decline of as much as 15% with Melbourne falling 10% and Sydney falling 10.9%. Some economists warn that we will see the market dip further to 20%, others say 25%. … Read more
via theweek: President Trump said Wednesday he won’t work with Democrats on infrastructure or anything else until they end their investigations of him. “You’re on the Senate Intelligence Committee,” Stephen Colbert reminded Sen. Kamala Harris (D-Calif.) on Wednesday’s Late Show. “Are you guys going to end the investigation?” “No,” she said. “Let’s just talk for a moment about this.” … Read more
By Irina Slav U.S. grid-connected energy storage capacity this year is set for a twofold increase to 712 MW from 376 MW last year. What’s more, between 2019 and 2024, storage capacity will soar to almost 5 GW, of which 90 percent will be battery storage, IHS Markit said in a new report. This will make the … Read more
via GLP: In addition to Brennan’s public veiled assassination order, Pelosi live just now at press conference called for an assassination attempt on President Trump’s family, administration or staff. “I pray for the President of the United States. I wish that his family, his administration, his staff would have an intervention (happen to them). For … Read more
via nationalinterest: What’s even more revealing about China’s choices are the U.S.-made products that haven’t made any tariff list. They include civilian aircraft and their engines and parts, which had a 2018 export total of $17.73 billion. They include semiconductors and their components, which last year had China shipments that totaled several billion additional dollars. They … Read more
FLASHBACK: Ana Navarro Compares Stormy Daniels’ Lawyer Michael Avenatti to the Holy Spirit. She’s just one of many in the MSM who lionized Avenatti: That Time the Media Dubbed Michael Avenatti ‘Savior of the Republic:’ h/t ED
via nysun: Since the day after the 2016 election they have been threatening this, placing their chips on the Russian-collusion fantasy and then on the phantasmagoric charade of obstruction of justice. The attorney general accurately gave the ingredients of the offense of obstruction of justice in his four-page summary of the Mueller report: a corrupt act … Read more
100% Fed Up reports, While Democrats call Republicans “extreme” on the vote in Alabama against abortion in any case including incest and rape, 2020 presidential candidates on the left are going to the opposite extreme. https://www.youtube.com/watch?v=OLsjENWOuBI Read More/Source/Credit/FairUse: https://100percentfedup.com/dem-candi…