Breaking news, updates, and reports on current events.
Reagan White House Budget Director and best-selling author David Stockman says, “Yields are going to go up, and we are going to have a day of reckoning in terms of this whole massive artificial structure of debt that’s been created. . . . The growth rate is a third of what it was historically . … Read more
by John Ward The last few days have seen yet more worrying demonstrations of media narratives peddled by the Unelected States, cynically peddled by the suppliant old media, and unthinkingly accepted by social media victims across the Globe. Let’s interrogate two of them for starters. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ 1. Venezuela Yes, I too find the Labour Corbynistas’ … Read more
by Troy As the stock market rallies higher and is on the verge of breaking out above its 200 day moving average, the outlook for Q1 2019 corporate earnings growth is falling. Is this bad news for the stock market? Go here to understand our fundamentals-driven long term outlook. Let’s determine the stock market’s most probable … Read more
by GR Consider: Trump’s a Nazi: Praise for Holocaust survivors, and a touching rendition of “Happy Birthday.” (With Trump waving his fingers like a conductor). Trump hates minorities: Brags about record low black, Hispanic, and Asian unemployment — while white-clad Democratic women, overwhelmingly white themselves, sat prune-faced. Trump’s a Russian tool: Withdrawing from the … Read more
via visualcapitalist: It’s said that necessity is the mother of invention. As cannabis breaks into the mainstream, the complex web of regulations surrounding the plant may well be what compels the industry to think outside the box. Today’s infographic from Valens GroWorks highlights some of the most anticipated areas of technology-based disruption in “cannabiz” – the business behind … Read more
From Brandon Smith The mainstream economic community has a notoriously short attention span and a lack of long-term perspective. After the longest government shutdown in American history subsided, the mainstream proclaimed the fight well and over – in other words, nothing to see here, Trump “folded” and all is well. Of course, what they consistently seem … Read more
NBC/Neocons’ fraud exposed. Revealing interview with Glenn Greenwald. It’s a must see for anyone who cares about the future of our country. https://t.co/o4y5FqHnvO — Tulsi Gabbard 🌺 (@TulsiGabbard) February 5, 2019
by WARREN MOSLER Looks like this source of private sector deficit spending may have been the driver behind about 1.5% of GDP growth, taking the place of bank lending. But most recently the growth looks to have slowed: US Q1 earnings tipped for first decline in 3 years (FT) Consensus estimates point to a 0.8 … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Powell, Draghi, Kuroda, et al.: Did ya see this NBER study? This is something we have seen since the Financial Crisis all around us: The concentration and consolidation of corporate market power in entire industries, largely via mergers and acquisitions, made possible by abundantly available funding at ultra-low interest rates for … Read more
by prosthetic brain Cancers fueled by obesity are on the rise among young adults in the United States and appearing at increasingly younger ages, according to an analysis released Monday by the American Cancer Society. The study, published in The Lancet Public Health, examined data on 12 obesity-related cancers between 1995 and 2014, as well as … Read more
by FreeFlow Alice Johnson: a non-violent Great Grandmother pardoned after an outpouring of support from figures on the right, and from Kim Kardashian West. Joshua Trump: A 6th grader who got the president’s attention in response to news about him being bullied for sharing his last name. Matthew Charles: The White House says that his “life … Read more
by BoMcCready Here’s the interactive version. I posted this yesterday, but I’m re-posting this version to show last night’s ratings and also add scales to each graph. Source: Nielsen Tool: Tableau
via europol: On 21 January 2019, some 300 hundred officers from the Gendarmerie Nationale (French Gendarmerie) and the Guardia di Finanza (Italian Finance Corps) targeted suspects across both countries believed to be part of an organised crime group behind a large-scale international money-laundering scheme. The criminal cash flows are estimated at €5 to €7 million per … Read more
A lot of tension in the markets, so here's a couple of examples of that. This bounce will have to fade soon. Nothing fundamental has changed since December. Every major economy is continuing to slow.$TYVIX $TLT $VIX $WTIC $SPX pic.twitter.com/xDWmV2tAu1 — Peter Ryan (@Pulpisafiction) February 5, 2019 https://twitter.com/jmanfreddi/status/1093144893940269056 JPM Global PMI New Export Orders are … Read more
With German retail sales having fallen by a considerably bigger margin than expected in December, and a cut in 2019 gross domestic product (GDP) estimates, from Germany’s own Economic Ministry, IGTV’s Jeremy Naylor look at the recession potential for the German economy with James Bevan from CCLA. Slump in German Manufacturing Orders Set to Fan … Read more
via thefinancialcourier: The stock market has been a roller coaster since October. Equities took a nose-dive in October. They then rallied in early November. Fell again steeply in December. Finally, stocks rallied strongly in January. However, the same market forces that knocked stocks down late last year will trigger stock volatility to return in February. First, we need … Read more
by Chris “They are investors, they have accountants, they are making informed decisions,” Cuomo said. “This is going to be the tipping point and people will now be making a geographical change.” Yes, the informed decision is that paying the state up to 8.8% of your income (top bracket), up to 4.75% sales tax, and then … Read more
via knowledgeleaderscapital: Today’s “blowout” employment report, while strong in some respects, should be taken with a grain of salt. It’s important to remember that employment is a lagging indicator. Payroll employment often peaks either at the beginning or middle of recessions, so it provides virtually no warning of impending danger. Better indicators of employment strength are … Read more
BANKS in France, Germany and Belgium are most at risk of contagion from Italy’s deepening debt crisis, new data has revealed. Domestic banks in the Mediterranean nation are already encumbered with some £1.3 trillion (€1.5 trillion) of public debt as the cash-strapped government in Rome grapple with a weak economy which tumbled back into recession … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up. The average transaction price of the vehicles sold by Fiat Chrysler jumped 5% in January compared to a year ago; for vehicles sold by Ford Motor … Read more