Breaking news, updates, and reports on current events.
by Michael Snyder The elite are very “tolerant” of the homeless until they start showing up in their own neighborhoods. Even though the mainstream media keeps telling us that the U.S. economy is “booming”, the number of Americans living on the streets continues to grow very rapidly, and this is particularly true in our major west … Read more
by howmuch Since the United Kingdom (UK) voted in June 2016 to leave the European Union (EU), international markets have experienced uncertainty about how trade with the UK would change. In April 2019, the United Nations Conference on Trade and Development released a report titled Brexit. Implications for Developing Countries, which analyzes the consequences that the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter No super-wealthy individual or household is going to pay billions in additional taxes when $10 to $20 million will purchase political adjustments. The 2020 election cycle has begun, and a popular campaign promise is “free everything” paid for by new taxes on the super-wealthy. Who doesn’t like free stuff? Who will vote for … Read more
Authored by Nick Giambruno, chief analyst, The Casey Report, There wasn’t a group of people more wrong about the 2008 financial crisis than those at the Federal Reserve. Mere months before the disaster hit in earnest, the nation’s highest economic and financial officials were vocal that there was nothing to worry about. Most memorable of these are perhaps … Read more
via corelogic: Home flipping activity[i] – which is the act of buying a property with the intent to sell in a short period of time for a profit – has increased steadily over the last eight years. By the fourth quarter of 2018, the flipping rate in the U.S. reached 10.6 percent of all home sales. While … Read more
by David Haggith You may be worried my prediction that a recession will start sometime this summer is not looking too good. So was I after first-quarter corporate earnings started coming in better than what economists expected. Except that barely “beating expectations” is kind of pathetic when expectations are dumbed down as far as they were. (Note that … Read more
By Nick Cunningham After some strong quarters for Big Oil, the first three months of 2019 proved to be a disappointment. Weighed down by lower oil prices, narrower refining margins and weak LNG prices, profits at the largest integrated oil companies shrank in the first quarter. “We’re not looking for a great first quarter for … Read more
Biden continually pushes how there is no scandal during Obama’s Presidency, this is about to change. GP says that Trump contacted the Italian PM once Mifsud was located. Florida pushes new bill to make sanctuary cities illegal. [DS] tried to push another event. Q drops more bread, Comey tweets another message.
Something doesn’t add up. And at the core of this charade is the fact that the U.S. economy is hooked on artificially low interest rates. You see, the damage from the previous rate hikes and balance sheet reduction is already done. For one, the cost to service debt has gone up across the board. And … Read more
In the USA, the companies like Kelly Blue Book are owned by companies that have a financial interest in inflating the value of used cars. This is an interesting video explaining the situation with used cars in the US, and how used cars are far cheaper in the UK. h/t SKP
by Adam Hamilton of Zeal LLC Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has lagged dramatically with lofty stock markets spewing great euphoria. That’s given gold-futures speculators the run of the market, where they have sold aggressively … Read more
by Daniel Lacalle Liquidity injections and zero interest rate policies disguise risk and may give a false sense of security. This risk could not be more evident today. Not only have we seen large downgrades to consensus growth estimates and central banks’ expectations of GDP and inflation, leading indicators also point to a much weaker economy ahead. … Read more
Go to 6:50. “Aliens….are still counted for congressional apportionment services…..They’re my constituents.” There you have it, folks. If non-citizens were not counted for congressional apportionment, would we have at least 1 fewer congressional representative? Say, maybe in New York? h/t Depluribus Unum
BY JOHN RUBINO So the U.S. puts Republicans (the party of small government) in charge, and gets… trillion dollar deficits as far as the eye can see AND a revival of socialism among Democrats. Scary as this may seem, the real (and even scarier) lesson is that it’s all inevitable: Beyond a certain level of … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter A six-quarter surge, with first signs that some of it has started to unwind. The inventory pileup I have been discussing for a while played a big role in the surprisingly strong 3.2% GDP growth reported on Friday, but it also played a big role in 2018. And it played a big role in 2014 … Read more
https://youtu.be/BQHndTaXXQo This is scandalous. Should be forbidden. Those people’s reason to be is to be our voice. How dare a stupid company decide what our democracy chooses AC
Wall St. For Main St., Released on 4/27/19 Jason talks about the the Tweet this week from Bloomberg fixed income reporter Lisa Abramowicz https://twitter.com/LisaAbramowicz1 and how this proves that the mainstream financial media will repeat (verbatim) whatever narrative the Fed wants them to. Bloomberg Article referenced in video: https://www.bloomberg.com/news/articl… Read Lisa’s Tweet about “U.S. inflation is sliding again, … Read more