On Wire

By Tsvetana Paraskova A bill at the Illinois legislature proposes to raise the annual registration fee for electric vehicles (EV) from US$17.50 to US$1,000 and to more than double the gas tax from 19 cents to 44 cents per gallon, under a plan to fund infrastructure advanced by Democrat State Senator Martin Sandoval. According to … Read more

This time, it refers to the belief being expressed all over the place this morning that nothing is as bad as it sounds because we’ll always have climb downs and central banks. It’s a horribly dangerous way of assuming how the world works in the long-run.           https://www.zerohedge.com/news/2019-05-13/trader-reminds-me-how-stocks-traded-late-2007

Fox Business, Released on 5/13/19 Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take … Read more

https://youtu.be/P2XB04x0hK8 There are three groups that want to continue sanctions on Iran, The Oil companies The IAEA and GE And Political Powers that be in Israel. None of these entities have any thing to do with the will of the people of the United States.   h/t EastWay4

by User_Name13 A far-reaching lawsuit filed Friday by the attorneys general of more than 40 states accused some of the nation’s largest generic drug manufacturers of conspiring to inflate prices, in some cases by over 1,000 percent. “We have hard evidence that shows the generic drug industry perpetrated a multi-billion dollar fraud on the American … Read more

by Shaun Richards Before we get to looking at those three charts, I want to talk about trade for a moment. On Friday the Trump administration made good on its threat to raise tariffs on as much as $200 billion worth of Chinese imports to 25 percent from the previous 10 percent. The president also … Read more

Bloomberg reports that Morgan’s wealth-management clients are already grousing…..According to BBG, Morgan’s private wealth management clients were offered a chance to invest in the Uber IPO via a fund called New Riders LP, which provided exposure to Uber at $48.77 a share, with holdings set to Class A stock in the IPO.     https://www.zerohedge.com/news/2019-05-13/morgan-stanley-clients-saddled-massive-losses-after-disastrous-uber-ipo

By David Stockman 2019 Equity fund redemptions now amount to $116 billion, the worst year since ’08 & ’16:      

In your opinion, is a potential failure in China a catalyst for the Global Economic Collapse? The global economy is weak. We’ve seen the numbers weakening since 2018 and beyond. Some have picked up in 2019 but ultimately, most hard data looks very dismal. If the US stock market continues to increase, and the unemployment … Read more

For More Information See and Links See: https://www.zerohedge.com/news/2019-05-09/heres-lesson-108000-millionaires-who-left-their-home-countries-last-year? https://www.bloomberg.com/news/articles/2019-04-30/millionaires-flee-their-homelands-as-tensions-rise-taxes-bite https://www.northjersey.com/story/news/new-jersey/2019/01/18/new-jersey-area-lost-5-700-millionaires-2018/2605414002/ https://www.businessinsider.com/silicon-valley-moguls-8-million-doomsday-bunkers-new-zealand-2018-9 https://www.bloomberg.com/features/2018-rich-new-zealand-doomsday-preppers/ https://www.theguardian.com/news/2018/feb/15/why-silicon-valley-billionaires-are-prepping-for-the-apocalypse-in-new-zealand https://www.wisebread.com/heres-how-billionaires-are-preparing-for-the-end-of-the-world  

via Zerohedge: One of the more remarkable dislocations in the market in recent weeks, was the abnormally sharp spike in the VIX (implied vol) even as realized vol, and the drop in underlying stocks, remained rather muted. Indeed, as BofA noted in “dude, where’s my melt up“, despite a relatively low VIX for much of … Read more

by howmuch In February 2019, the national debt hit an eye-popping $22 trillion. The projected annual deficit for this year alone is almost $1.1 trillion — that’s more than the GDP of Singapore, Norway, and New Zealand combined. Recently, The Balance published an article noting major milestones in the accumulation of national debt, using data from the ”U.S. Debt to the Penny” report … Read more

via zerohedge: No country has better exemplified the global automobile recession than China. Sales for the world’s largest auto market continue to deteriorate, with the latest report confirming that passenger vehicle sales in China tanked yet again – this time dropping 16.6% year-over-year to 1.54 million units, following a 12% decline in March and an 18.5% slide in … Read more

James Corbett, one of the best researchers on the internet, answers this and much more in this very important documentary.     h/t Playaguy

https://www.youtube.com/watch?v=IOocLrLcia8 I Love My Freedom reports, The Senate Intelligence Committee has officially sent a subpoena Donald Trump Jr.’s way. It has to do with Russia because doesn’t everything? Now, Democrat Senator Dick Blumenthal is calling for Jr. to be jailed if he fails to comply. Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/watch-afte…