Breaking news, updates, and reports on current events.
In this RTD Quick Take I share some thoughts from the Crescat’s Quarter One Financial Report. I don’t find it shocking that more investment firms are all bracing for a correction while the public at large has no clue as to what’s coming.
Authored by Mac Slavo via SHTFplan.com, California is home to some of the most power-hungry politicians on Earth. These people actually hiked the gasoline tax, and are now demanding an investigation into why gas prices are higher in California than elsewhere in the United States. It would be sad if it wasn’t so insane. California Governor Gavin … Read more
The corporate dems cheated? Who would have thought.
Kanye West isn’t the only one who’s found a way to make money off his Sunday Service. It appears that several attendees of last weekend’s Easter Sunday Service at Coachellaare selling grass from the event online, according to The Shade Room. Sold under names like “Holy Grass” and “Spiritual Grass,” baggies of the clippings of vegetation are going … Read more
LOS ANGELES (AP) — More than 1,000 students and staff members at two Los Angeles universities were quarantined on campus or sent home this week in one of the most sweeping efforts yet by public health authorities to contain the spread of measles in the U.S., where cases have reached a 25-year high . By Friday afternoon, … Read more
Winter Storm Xyler will spread snow to the southern Great Lakes Saturday. Some areas will also see snow into next week. Below-average temperatures are expected from the Rockies into the Great Lakes region. It may be late April, but Winter Storm Xyler will make you forget that it is spring in the Midwest this weekend … Read more
via Zerohedge: Last week we noted that something unusual had happened in the equity market volatility complex. Specifically, VIX had collapsed at its fastest pace in history. From over 36 to almost a 10 handle a week ago, the Fed’s flip-flop had re-energized the sell-vol-at-all-costs trade that has become the bread-and-butter of so many of newly-minted ‘gurus’ in this … Read more
Alexandria Ocasio-Cortez has teamed up with the Intercept to create a propaganda art piece showing how amazing everything would be in Green New Deal world. Except that it creates more questions than answers.
Health officials warn deadly kissing bugs spreading north in U.S. Kissing bugs are blood-sucking insects that can transmit the potentially FATAL CHAGAS DISEASE The CDC warned that they have been reported in Maryland, Pennsylvania, and Virginia. https://www.nbcnews.com/nightly-news/video/health-officials-warn-deadly-kissing-bugs-spreading-north-in-u-s-1507954243522?cid=sm_npd_nn_tw_ma h/t Watchout
https://twitter.com/JackPosobiec/status/1121910467574812673 h/t KOS
via silverdoctors: Hmmm. Financialization. That’s what it is at its core. And it is destroying our nation. But what exactly is financialization? Let’s find out by playing a game of “what if”. Ready? Let’s begin – I need some money – call it income, call it cash flow, call it a revenue stream, or call it … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Dollar hegemony is a tough nut to crack. China is taking another baby step in promoting the internationalization of the renminbi and nibble on the hegemony of the US dollar: It’s pushing a proposal to add a pile of yuan to the $240 billion currency swap agreement between ASEAN plus China, … Read more
Chart: US grains – pic.twitter.com/ywbhcIDvQ0 — (((The Daily Shot))) (@SoberLook) April 25, 2019 Chart: The JPM EM Currency Index – pic.twitter.com/R2itYVqQ5m — (((The Daily Shot))) (@SoberLook) April 25, 2019 Chart: Argentina CDS spread – pic.twitter.com/NuuHb1FFCc — (((The Daily Shot))) (@SoberLook) April 25, 2019 https://twitter.com/LizAnnSonders/status/1121391328372326
Capital One CEO sees ‘degradation’ in customer credit quality Fairbank also questions whether credit reports are misleading Red flags are flying in the credit-card industry after a key gauge of bad debt jumped to the highest level in almost seven years. The charge-off rate — the percentage of loans companies have decided they’ll never collect … Read more
via wharton: The kinds of loose-to-nonexistent mortgage requirements leading up to the financial crisis are not exactly making a comeback. But today some loans are brushing up close to the post-crisis regulatory lines meant to prevent a repeat performance. That is the view of Wharton real estate professor Benjamin Keysand fellow researchers who have designed a … Read more
via advisorperspectives: This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.0, down 1.5 from the previous week. Year-over-year the four-week moving average of the indicator is now at -0.70%, up from last week and its highest in 23 weeks. The WLI Growth indicator is now at 1.35, … Read more
Around 8:15 in the video: “I think the implication is that President Obama was fully aware that his Secretary of State was using an unclassified system to traffic classified information. And that would implicate him in any prosecution of Hillary Clinton. And I believe that is the ultimate reason and although there are many because … Read more