Breaking news, updates, and reports on current events.
Gerald says Trump will do everything he can to win in 2020, including using the Fed to rig the markets. The Fed is a gang and a club. Gerald explains… Gerald Celente interviewed on SBTV SBTV had a great conversation with the fiery and straight-talking Gerald Celente, Founder of the Trends Research Institute, about how he forecast … Read more
by Michael Snyder They actually did it. On Tuesday night, the Alabama Senate passed a bill that would actually make abortion a felony in the state of Alabama. Needless to say, pro-abortion forces all over the nation are officially freaking out about this new law. They know that it is intended as “a direct challenge” … Read more
by Michael Snyder Wall Street is still treating this crisis as a temporary trade dispute, but the Chinese see things completely differently. At this point, the narrative in China is that the U.S. has deeply insulted their national honor, and every angry statement from U.S. officials is just digging the knife in a little bit … Read more
by Charles Hugh-Smith The net result is we have an economy that’s supposedly expanding smartly while our well-being and financial security are collapsing. Gross Domestic Product (GDP) and other metrics of economic activity don’t measure either broad-based prosperity or well-being. Elites skimming financialization profits by expanding corporate debt and issuing more loans to commoners while spending … Read more
https://www.youtube.com/watch?v=n__tCRWllsM
by Mac Slavo of SHTFplan The wall street bear who claimed that an economic recession in 2019 will be “virtually unavoidable” has doubled down on his assessment. He warning that the corporate buybacks will fuel the next recession. Gluskin Sheff Chief Economist and Strategist David Rosenberg acknowledged that his prediction about the recession may have come a bit … Read more
by Keith Weiner of Monetary-Metals We have deviated, these past several weeks, from matters monetary. We have written a lot about a nonmonetary driver of higher prices—mandatory useless ingredients. The government forces businesses to put ingredients into their products that consumers don’t know about, and don’t want. These useless ingredients, such as ADA-compliant bathrooms and supply chain tracking, … Read more
by John Mauldin By John Mauldin You’ve likely heard of the term “income inequality.” It means wealthy people are making a larger share of our collective income. In one sense, it’s nothing new. The people with the highest incomes have more of the total. Math guarantees it. But the top’s share has largely grown in recent … Read more
Trump explains why the trade deal is not that important at this time. The US is in a fantastic position. There is a plan within the economic plan to maneuver in stealth around the [CB] and take it down. Trump was right on cue with the call to the Fed to lower rates. Xi and … Read more
via rushlimbaugh: RUSH: Thank you very much, sir. CALLER: The sin that those four fellows committed was not being swamp dwellers. They were probably — RUSH: Wait, wait, wait, wait, wait, wait. Hang on. He’s talking about the four people that were innocent that were kept in jail by Mueller so as to protect Whitey Bulger’s … Read more
The Federal Communication Commission announced plans Monday to instruct major phone companies to update their caller ID services to help combat so-called spoofed robocalls. FCC Chairman Ajit Pai will host a summit in July to examine to what degree the industry is implementing new industry-wide standard for caller ID authentication. The new standard is called … Read more
by Larry White of The View From Our Whitehouse Jim Rickards Discusses His New Book – “Aftermath” Readers here know that I have followed Jim Rickards for many years because of his extensive understanding of the issues we cover here and because he has talked about the potential for major monetary system change. That is what this blog … Read more
by John Mauldin In the past few years, I wrote a lot about the unprecedented credit crisis I foresee. I call it “The Great Reset.” I have to add, it isn’t what I think the future should look like or what I want to see. But almost the entire developed world has painted itself into a corner. It might … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Russell 2000 back where it had first been in November 2017. This market, after a historic rally despite declining corporate earnings in the first quarter, was looking for a trigger, any trigger, and it found a trigger, or triggers. But the trade war cannot explain the colossal flops in the over-hyped … Read more
by sundance Curtis Ellis was special advisor to Secretary of Labor Acosta in the Trump administration. He is now an outside government advisor to America-First Policies, an unaffiliated economic advisory board and advocacy group. In this video Ellis walks through the big picture behind the U.S. -vs- China Trade confrontation.
Via Global Macro Monitor, Not as strong as many, including President Trump believes… GDP growth and even the jobs data, including the unemployment rate, though fairly sunny, look deceptively strong and need a deeper look, which we have provided for you over the past few weeks. See here. How Will The Economy Hold Up As Trade War … Read more
via Zerohedge: Unlike the chaotic, disorderly Q4 market selloff which saw the worst performance by professional investors since the financial crisis, there was an almost resigned acceptance to the sharp drop in stocks in the days after Trump reignited the trade war a little over a week ago. There may be a simple reason for … Read more
Via SchiffGold.com, Uber launched its IPO on Friday. It was less than ideal. Meanwhile, the Federal Reserve is talking about how it wants to tweak its quantitative easing program when the next recession rolls around. Peter Schiff talked about how these things relate – and the “writing on the wall” for the economy in his … Read more
via @valuewalk: “Corrections happen during growth-rate cycle slowdowns, they don’t require a recession.” – Lakshman Achuthan, Economic Cycle Research Institute https://valuewalkpremium.com/2019/05/these-high-valuations-are-coming-at-a-time-when-investors-are-heavily-invested-in-stocks/?utm_source=dlvr.it&utm_medium=twitter
by NineteenEighty9 The U.S. Trade Representative’s office Monday released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump has threatened to hit with a 25% tariff. If Trump proceeds with the tariffs, it would see almost all imports from China covered by punitive import … Read more