Breaking news, updates, and reports on current events.
by ChillOhmie I got a new job in June and signed up for the all the benefits. They offer a dependent care FSA. I decided to put in an amount equal to my monthly childcare expenses of $450 a month. 400*12=$5400 Turns out that $5000 is the yearly max, so that is … Read more
by ChasingMyMoney Background: Several weeks ago I accidentally purchased a $100 Starbucks E-gift card through the Chase.com website on my computer browser. I wanted to send my sibling a belated gift of direct money. Within 2-5 minutes of sending the money and realizing my mistake, I called Chase and Starbucks to cancel the transaction. Chase said … Read more
via upfina: The biggest story on Friday was that the spread between the 10 year yield and the 3 month yield went negative which means the yield curve inverted. The 10 year yield fell 10 basis points to 2.44% which was its lowest close since December 29th, 2017. It dropped 80 basis points since peaking in … Read more
by confoundedinterest This week, Turkey further roiled markets by preventing foreign banks from accessing the liras they need to close out their swap positions. That’s made it almost impossible for bankers to short the lira or exit carry trades, and forced the overnight lira rate up to about 1,000 percent from 23 percent. And the USDTRY overnight forward implied … Read more
via dailyreckoning: The U.K. Brexit referendum on whether to remain with or leave the European Union (EU) took place on June 23, 2016. The result was a clear victory for the “leave” forces. But markets were shocked. All the “experts” had predicted voters would elect to stay. I was among the few to prepare investors for … Read more
https://www.youtube.com/watch?v=Vbjk3h-3nBk Let’s not forget that Fox, CNN etc are two sides of the same coin. People need to shut off the Legacy media and tune into alternative media instead. AC
Newt Gingrich called the Russia-Collusion collusion fantasy a coup. Newt also said the Trump Administration should refuse to have contact with House Intelligence Committee until leaker-liar Adam Schiff is removed from the committee. Crooked Leaker-Liar Adam Schiff CUTS MIC ON GOP LEADER IN INTEL COMMITTEE!
by Martin Armstrong Last week, the yield on the 10-year U.S. Treasury bill fell below that of the 3-month note for the first time since 2007. This is what everyone calls an Inverted Yield Curve, and is seen as an early indicator of a recession. In that regard, it is conforming to the Economic Confidence Model (ECM) which … Read more
by Martin Armstrong COMMENT: Mr. Armstrong; It is clear that your computer is really amazing. I was just ready how the Greenland Glacier is expanding, not melting. What you have accomplished by seeking to eliminate yourself is really a major contribution to society. Job well done, sir. PH REPLY: Thank you. A number of people have read … Read more
https://www.youtube.com/watch?v=6rO5VIVarVs Graham: Let’s get someone like Mueller to investigate https://www.youtube.com/watch?v=v0rbx…
by Martin Armstrong While many believe that the off-exchange trading platforms in Bitcoin bypass fiat central banks, there are developments in the legal world that warn of regulation is headed into the field with a vengeance. There were three important recent actions in federal courts that illustrate the interplay among the Securities and Exchange … Read more
If Tom fitton keeps suing states to get dead voters off the voting rolls we might have a chance. h/t Jake
Elizabeth Warren “This Is What Democrats Are About! We Defend Healthcare!” https://www.youtube.com/watch?v=irlgqT5SEVM It’s about all the Dems and MSM can cover at this point. Immigration? Nope Mueller? Nope Protests in France? Nope Failed CIA ops in Venezuela cause Russia to move in? Nope Syria? Nope Yemen? Nope Israel? Hell nope h/t Jake
by Boodieboo So there has been instances where I am sure everyone has experienced, where you would be talking to a friend or somebody,then go on the browser on your phone or computer and see an AD about something you were just talking about. No past searches or anything, just literally what you were … Read more
An online campaign has been launched against a US drug maker accused of inflating prices of an anti-HIV drug by thousands of dollars. And it turns out the company doesn’t even own the patent for the treatment. https://www.youtube.com/watch?v=AcxEHT0rR4E
https://www.youtube.com/watch?v=jcYpBQhS6fs
by Chris Vermeulen of The Technical Traders Our research team believes the upside pricing potential of the US market could be under-estimated by global traders and investors. We’ve been pouring over the charts and data trying to substantiate our hypothesis with our proprietary price modeling systems and technical analysis systems for the past few days. Our results suggest … Read more
by Egon von Greyerz The astonishing Fed again proved the consistency of its inconsistency. Since its creation in 1913, and especially after WWII, the Fed has always been behind the curve. It is hard to believe that this is just incompetence. The recent change of policy hardly seems to be part of a plan but … Read more
German economy is going down much faster than expected, problems in most sectors from banking to car, to chemical etc only the big Dax30 fire 100,000 Removal of 100,000 Points Many Dax companies have responded to the increasingly difficult environment and significant restructurings announced. According to the calculations of the “Handelsblatt” the Dax companies … Read more
In 1965, American radio host Paul Harvey gave an immense warning to the American people about the fate of the nation. “We Were Warned: Freedom to Chains” is a short film about the the parallels between the warning Harvey gave over fifty years ago, and today with the Socialist influences in government and society. … Read more