Breaking news, updates, and reports on current events.
by surefire_inceligence Amazon created this competition for their upcoming HQ2 location, ultimately picking New York City, and just outside of Washington D.C. So if they knew they were going to pick these already wealthy and developed cities, why dangle of prospect of jobs in front of places like Detroit, Gary, Indianapolis? Because every … Read more
Reddit’s latest funding round values its users at a lower price than any other social network. The company announced Monday it had raised $300 million in its Series D investment round at a valuation of $3 billion. CNBC previously reported the company’s annual revenue topped $100 million, according to sources familiar with the matter, and at 330 million monthly … Read more
Get ready for the meltdown. Even MSNBC of all places is admitting that there is no collusion a la Trump Russia. Mueller investigation coming to a close real soon. DNC already shifting the goal posts. h/t mikeleoncraft
by Charles Hugh-Smith Now the corporate lemmings have rushed into mobile advertising. Given that corporations are run by people, and people are social animals that run in herds, it shouldn’t surprise us that corporations follow the herd, too.Take the herd move to forming conglomerates in the go-go late 1960s: corporations suddenly started buying companies in … Read more
https://www.youtube.com/watch?v=gaLW9L0h-0E Good evening, Viktor Orbán gave his state of the Hungarian nation speech on Sunday. We have a Hungarian friend who was the first to get the tape for us, and translate it as well. By the way, Mr. Orbán would very much like to connect directly with President Trump, but something – or someone … Read more
by TheCIASellsDrugs Hegelian dialectic says that, in order to control people’s opinions, you introduce a problem, introduce a solution, then meet them in the middle with a synthesis. Global warming alarmists were supposed to say crazy things and demand a destruction of the productive economy, so that later a synthesis that accepts partial destruction of the … Read more
by northmantrader Markets are red hot, but it keeps getting downright frosty in macro land. Bulls will say none of this matters because an easy Fed trumps fundamentals. And that may turn out to be correct, but it’s too early to tell. Fact is stocks are on their 8th week of uninterrupted gains since the December … Read more
France has seen weekly clashes between the yellow vest protesters and the police for three months now. More than 1,900 demonstrators have been injured, some of them seriously. Protesters say the police are using inappropriate force against them. h/t salvia_d
by WARREN MOSLER Trumped up expectations fading: Highlights Doubts about future economic growth diminished optimism among small business owners to the lowest level in 26 months, according to the NFIB’s Small Business Optimism Index, which fell 3.2 points in January to 101.2, below consensus expectations as well as the range of analysts’ forecasts. Though still above the long-term … Read more
By Dagny Taggart New Mexico has a new governor, and she really doesn’t like guns. Michelle Lujan Grisham, a Democrat, was sworn into office on January 1, replacing pro-gun Republican Susana Martinez. In early December, the National Rifle Association (NRA) warned the citizens of New Mexico to expect “unprecedented attacks” on their Constitutional rights. While the New … Read more
by Frank Holmes, CEO, U.S. Global Investors This Valentine’s Day might best be remembered for two things in particular. One, for the first time in 153 years, candy lovers won’t be able to pick up a box of Sweethearts, those classic heart-shaped candies bearing sweet nothings like “BE MINE” and “CRAZY 4 U.” And two, … Read more
by Michael Snyder Our health insurance system is theoretically supposed to prevent Americans from going bankrupt when they are hit by huge medical bills. But in case after case, that is simply not happening. Even though more Americans are “covered by health insurance” than ever before, a new study has found that “about 530,000 families … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “A development that is surprising during a strong economy and labor market”: New York Fed Serious auto-loan delinquencies – loans that are 90 days or more past due – surged to 4.47% of total auto loan balances in Q4 2018, according to New York Fed data this morning. This put the auto-loan delinquency … Read more
by Michael Snyder Almost everyone that goes out to visit one of our major cities on the west coast has a similar reaction. Those that must live among the escalating decay are often numb to it, but most of those that are just in town for a visit are absolutely shocked by all of the … Read more
from Financial Survival Network John Rubino returns… Much like the soldier during the Vietnam War who notably quipped – We had to kill the village to save it, Paul Krugman probably believes that we need to kill the economy before it can be saved. He should be thrilled with the Trump Admin’s debt on steroids policy. After … Read more
Wall St. For Main St., Released on 2/11/19 Jason talks about the Fed debating if balance sheet should be a regular tool.
RT America, Released on 2/11/19 President Trump is expected to sign an executive order on Monday launching the American Artificial Intelligence (AI) initiative which outlines “bold, decisive actions to ensure that AI continues to be fueled by American ingenuity, reflects American values and is applied for the benefit of the American people.” But is this … Read more
by Bill Bonner PARIS – This week, the threads come together… the lines converge… the dots connect… The State of the Union… The Republicans and Democrats… “Us vs. Them”… Our own wobbly “us”… …and the coming financial catastrophe. Lies and Claptrap No one wants to hear about the State of the Union speech (SOTUS). Full of … Read more
by TrailDust The candidates are sufficiently creepy to hold our attention… But there are other factors we need to deal with beyond the wild-eyed socialists and demagogs of the DNC. These factors are the voting blocks the Demonrats rely on. The constituencies the Demonrats need most are as follows: These voting blocks are admittedly overlapping. They represent specific angles … Read more