Breaking news, updates, and reports on current events.
by Jesse I wanted to call your attention to this story about brazen manipulation in the forex exchange markets by the Banks for three reasons: 1. The markets are too large to be manipulated. When accusations of market manipulation are made, spokesmodels and apologists will dismiss them by saying ‘the market is too big to be manipulated’ … Read more
by Frank Holmes, CEO, U.S. Global Investors As the U.S.-China trade spat drags on, so too could the stock market volatility that has accompanied it so far this month. The S&P 500 and Dow Jones Industrial Average both fell 2.4 percent on May 13 – their worst days since January. The longer trade negotiations remain … Read more
By Rodney Johnson The week before we married (and long before we had our first baby), almost 30 years ago, my new boss turned to me and said, “Son, you’re never richer than the day before you get married.” Hmm. For the next three years, I was reminded daily of his words. Decisions that I made … Read more
By David Stockman When the Wall Street chart-monkeys get vertigo on steroids—cliff-diving one day and ripping higher the next— they eventually become foaming-at-the-mouth-manic. That’s happening right now. And when the final blow-off mania arrives, that’s exactly when Wall Street bubbles are about to collapse. So it’s time for a plan on how not to become: COLLATERAL DAMAGE. As the markets … Read more
by Lance Roberts At the beginning of this year, I was at dinner with my wife. Sitting at the table next to us, was a young financial advisor, who was probably in his mid-30’s, meeting with his client who appeared to be in his 60’s. Of course, the market had just experienced a 20% correction … Read more
by Michael Snyder Living on the edge, being dragged down by debt, and having little hope for the future is no way to live. But that is precisely where most Americans find themselves in 2019. Despite a supposedly “booming economy”, the middle class continues to shrink and most of the country is barely scraping by … Read more
by Michael Snyder Global economic activity has already been slowing down dramatically, and the U.S. trade war with China is just going to make things worse. In so many ways, what we are witnessing in 2019 is quite reminiscent of what we witnessed as the last recession was beginning. Global exports are absolutely plummeting, auto … Read more
Like the mortgage crisis never happened. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. As the UK housing market is facing serious challenges, a high-risk relic of the last housing bubble is staging a big comeback: the interest-only mortgage. This financial product, often held up as the epitome of irresponsible lending, is hitting the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Retail space asking rents plunge as landlords try to fill scores of vacant shops. The average asking rent on Madison Avenue between 57th Street and 72nd Street, a prime shopping corridor in Manhattan, plunged 25% over the past 12 months, to $1,039 per square foot, and is down 37% from three … Read more
The Conservative Treehouse and The South China Morning News reported: A former official in the Trump administration has said that China can weather the storm brought by the trade war with the United States but might have to “keep steady, keep their heads down and wait” for change in the White House. Susan Thornton, former acting assistant secretary … Read more
Colorado Secretary of State Jena Griswold announced Thursday that her staff was banned from traveling to Alabama after the state signed into law the toughest abortion law in the nation. “I’m calling for a boycott of Alabama,” Griswold wrote in a tweet. “Until Alabama allows for safe & legal access to health care for women, I … Read more
by Jesse Colombo For the last several years, there has been a tremendous amount of activity and hype in the tech startup arena. In addition to the tens of thousands of startups that been founded in recent years, there are over three-hundred new “unicorn” startups that have valuations of $1 billion or more. Most of … Read more
Via The American Mirror A new federal report shows non-citizens in the United States commit nearly half of all federal crimes, or more than six times their proportion to the American population. For 2017, data from the U.S. Census Bureau’s American Community Surveyshows non-citizens comprise about 7 percent of the country’s population, but the 2018 Annual Report … Read more
by Dennis Miller Good friend Ronnie (fictitious name) has owned a popular bar near a prestigious university for decades. He has me convinced the colleges are doing a great job of preparing the executives of tomorrow. As I sipped on my iced tea, I noticed young folks in line at his cash machines waiting to withdraw … Read more
For More Information See and Links See: https://sociable.co/technology/google-aiding-chinese-military-pentagon-advisory-board/ https://www.nytimes.com/2018/08/16/technology/google-employees-protest-search-censored-china.html https://www.theguardian.com/world/2018/aug/02/google-working-on-censored-search-engine-for-china https://whitehouse.typeform.com/to/Jti9QH https://www.cnn.com/2019/05/15/tech/white-house-social-media-bias-tool/index.html
by Kimble Charting The economic recovery and ensuing bull market off the 2009 financial crisis lows has been one of the longest in history. And over that stretch of time, the S&P 500 Index has reached technical milestones. While making new all-time highs, the index rallied past big round numbers like 2000 and 2500, and Fibonacci extension 161.8 … Read more
by Charles Hugh-Smith The real heresy here is the American economy is now rigged for downward mobility. In the conventional narrative, one’s economic class is overshadowed by one’s political belief structure: liberal, conservative, libertarian, etc. In terms of economic class, the conventional narrative divides people into their ideological beliefs about economic ideologies: free market capitalism, socialism, … Read more
Where you live makes a huge difference in your quality of life. Many people live in massive cities to be close to work, to have modern conveniences, live near family, and enjoy themselves. But the same person could have a drastic difference in their current situation by living in a different area. Let’s take a … Read more