Breaking news, updates, and reports on current events.
By John Maudlin My back-of-the-napkin math says retirement accounts are at least 50% invested in equity index funds. Some of you are now asking, “What’s the problem? All those index funds have come back. Everybody is back to where they started.” Not so fast, Jack. Bear Markets Destroy Retirement Funds Bear markets that are not followed by … Read more
by Michael Snyder On Thursday, rockets were fired at Tel Aviv for the first time since 2014, and Israel responded by hammering Hamas with airstrikes. This latest exchange has brought Israel closer to another war with Hamas than ever. But as you will see below, Israel is also on the brink of war with Hezbollah, Syria … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter How do they stack up against the most splendid housing bubble in America? Holy cow! Canadian housing markets are in a category of their own. No housing market in the US – no matter how crazy Housing Bubble 1 was, which began to implode in 2006, or how crazy Housing Bubble … Read more
by Charles Hugh-Smith Once again profound social and economic forces are changing the nation in ways that are difficult to understand in real time. The American Revolution arose not from politics but from rapid social and economic changes that revealed the precariousness of the colonists’ prosperity. Conventional histories focus on the political context (Boston Tea Party, … Read more
Mar 14 – FS Insider interviews Variant Perception’s Tian Yang to get an update on their outlook for the U.S., China and elsewhere. Tian discusses the message coming from leading indicators and liquidity measures… https://static.financialsense.com/audio/2019-03/yang_clip-da02a8765cf.mp3 https://www.financialsense.com/podcast/19003/leading-indicators-and-liquidity-declining-says-variant-perceptions-tian-yang
Stephanie Hamill from The Daily Caller reports, A Venezuelan expatriate condemned New York Democratic Rep. Alexandria Ocasio-Cortez and other Democrats for promoting socialist policies. https://www.youtube.com/watch?v=4xU69LcHT6g Read More/Source/Credit/FairUse: https://dailycaller.com/2019/03/11/ve…
MOSQUE TERROR NEW ZEALAND 49 KILLED MASSACRE LIVE STREAMED ‘REVENGE ON INVADERS’ CHRISTCHURCH SHOCK
by ButtGardener This is a wierd situation and I’m gutted… I really just wanted to post here for some advice. I was in the process of removing my PMI from my mortgage, it’s expensive, like $150 a month.. for nothing.. at least nothing that benefits me. I hit 85% LTV recently and to remove … Read more
by hopefullymovingon I have been living in a mentally unstable household with my grandparents for 12 years. My dad left and my mom could not find a house so she had to move in with her parents with me and my younger sister. The years ive been here have been non stop arguing between … Read more
by butwhystherumgone Today all in one day: Had to call and try to negotiate a lower medical bill for MRI that they billed as two separate MRIs. It was a lot more than I expected and I have a high deductible plan (failed here, still on the hook for $2k+ out of pocket). TIL … Read more
https://twitter.com/Hipster_Trader/status/1106377564577247233 https://twitter.com/Hipster_Trader/status/1106188316251226114 U.S. PROSECUTORS PROBE FACEBOOK'S DATA-SHARING DEALS: NYT oops — zerohedge (@zerohedge) March 13, 2019 Facebook Chief Product Officer Resigns Along With WhatsApp Head Facebook stock fell in after-hours trading Thursday, follow an announcement that two executives were leaving the company. In a post on Facebook, Chief Executive Mark Zuckerberg announced that the company’s Chief … Read more
https://twitter.com/Simple_Trends/status/1106253534058762243 $VX_F $TVIX Close the gap at 12.90 $VX_F & back to the highs? can we explain the vol. suppression with a gap? 🧐@b_seagle @hks55 pic.twitter.com/Ueegi8SJ9l — Alessio (@AlessioTMAD) March 14, 2019 Fit this $VIX chart too. h/t @TaviCosta pic.twitter.com/jpUByQR9F2 — mcm-ct.com (@mcm_ct) March 14, 2019 SPX500 cash continues to ignore JPM Global PMI plunge … Read more
Authored by Alasdair Macleod via GoldMoney.com, The monetary, financial and political weaknesses of the EU are about to be exposed by the forthcoming global credit crisis. This article assumes the combination of end of credit cycle dynamics and the rise in trade protectionism in 1929 is a valid precedent for gauging the scale of a … Read more
via visualcapitalist: For the world’s most innovative companies, the stated goal of attracting top talent is not simply an HR mantra – it’s a matter of survival. Whether we’re talking about a giant like Google that is constantly searching to add world-class engineers or we’re talking about a startup that needs a visionary to shape products … Read more
by WARREN MOSLER Gone negative year over year adjusted for inflation: This series looks to me like it’s flattened and adjusted for inflation remains well below 2008 highs, and hasn’t fully recovered from the collapse of oil capex at the end of 2014: New home sales appear to have rolled over at very low … Read more
by jessefelder 10 years ago this week, I wrote a post here that I’m sharing again now because I think it’s important to remember just how difficult it is to do the right thing in the markets at the right time. Things were so bleak back then that if you were optimistic you sounded and … Read more
by confoundedinterest The Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie were placed into conservatorship with their regulator back in 2008 after housing prices declined and mortgage defaults spiked. But since the catastrophic year of 2008, Fannie Mae (as an example) generated substantial net revenue after 2008. [This brings into question the wisdom of placing Fannie … Read more
via MarketWatch: Bubble? Plenty of pundits have compared the trading action in today’s market to the bursting of the dot-com bubble, but the latest Wall Street type to make that connection isn’t your typical broken-clock bear. Here’s what longtime bull and Institutional Investor hall of famer Richard Bernstein had to say on CNBC this week … Read more
by TFittonJW Our team of attorneys finished deposing Clinton email witness Justin Cooper, the former Clinton Foundation official who set up the Clinton email system for Mrs. Clinton. Judicial Watch has at least 10 more witnesses to question: https://www.judicialwatch.org/press-room/press-releases/federal-court-orders-discovery-on-clinton-email-benghazi-scandal-top-obama-clinton-officials-susan-rice-and-ben-rhodes-to-respond-to-judicial-watch-questions-under-oath/ (Washington, DC) — Judicial Watch announced today that United States District Judge Royce C. Lamberth ruled that discovery can begin … Read more
by confoundedinterest Today is a double whammy for bad news for the US economy. First, The Census Bureau monthly construction spending report reveals that highway and street spending rose 11.7% in January. The biggest decline was communication spending. BUT, US residential construction spending slumped for the 6th straight month. It is beginning to resemble “The Matterhorn” plunge of … Read more