Breaking news, updates, and reports on current events.
by David Haggith President Trump wants to blame the Fed — Jerome Powell in particular — for the stock market’s nasty action this fall. If things keep going this badly, you can be sure the Fed chief will want to blame Trump and his treasurer Munchkin for recent tweets that killed Santa Claus and for trade … Read more
Nancy Pelosi Is Spending Shutdown at Hawaii Resort Democratic House leader Nancy Pelosi is spending the government shutdown at a luxury resort in Hawaii, the Washington Free Beacon has learned. Pelosi, who has put blame squarely on President Donald Trump for the current government shutdown, was spotted Thursday vacationing in Hawaii at the Fairmont Orchid resort, where room accommodations range … Read more
Global recessionary pressures are building. South Korea, an economic giant, a play on global tech, and window on the Asian economy, saw industrial output sink 1.7%, embarrassing a consensus forecast of -0.2%. — David Rosenberg (@EconguyRosie) December 28, 2018 https://twitter.com/OccupyWisdom/status/1078556918401110016 If the Richmond Fed survey is anything to go by, you should expect a horrible … Read more
via financialpost: The U.S. economy will take a billion-dollar hit if the government shutdown continues until the weekend, experts have predicted as Donald Trump showed no sign of backing down. Some 25 per cent of the federal government is without funding after the U.S. Congress and the president failed to approve a new spending package. … Read more
via WSJ: Morgan Stanley has agreed to pay a $10 million fine to settle a Financial Industry Regulatory Authority probe into the firm’s compliance with rules designed to detect and prevent money laundering. Finra said Wednesday Morgan Stanley had failed to adequately detect and coordinate the supervision of certain suspicious transactions within its anti-money-laundering program for … Read more
via Reason: Exit quote: “I followed the laws for four and a half years. I spent 1.2 million dollars following the laws and now at the last minute they break their own laws. If you’re wondering why housing in San Francisco is expensive, that is why they make it expensive here. It is intentional.” Earlier: San … Read more
-25%, $2.4T Lost: The Worst-Performing Stock Market in the World for 2018? China Shanghai Composite Index is a quarter down from start of 2018 Trade war, slowing economy and deleveraging have hurt stocks China Stimulus Is Not A Catalyst China presents many similarities in its economic model with the central-planned economies of the 70s. Massive debt, … Read more
https://www.cnn.com/2018/12/26/investing/jcpenney-stock/index.html These are tough times for JCPenney. A day after falling below $1 for the first time since it started trading in 1929, JCPenney stock fell 8% on Thursday to close at 97 cents a share. The 110-year old company hasn’t been profitable since 2010 and its prospects are bleak. JCPenney (JCP) is $4 billion … Read more
by Kimble Charting Whether the Dow is down nearly 20% from the highs of a few months ago or it experiences a 1,000 point rally, what should one do to give proper perspective to these big price moves we’ve experienced of late? In my humble opinion, the best thing to do is look at the big picture, … Read more
Ebola election lockdown gets a poor reception: http://archive.is/PyPao
by Lynette Zang of ITM Trading Chaos reigns in the markets; US government is now in it’s 6th day of an on going shut down, it’s third this year, but certainly an indication of disfunction in Washington. Global growth prospects are dimming rapidly in China, Europe, Great Britain and the US, threatening a wave of defaults starting next … Read more
TOPICS IN THIS INTERVIEW: 01:25 The stock market’s ugliest Christmas decline, deeper crash incoming 06:45 Can the economic corpse be kept alive any longer? 09:15 Get your wealth out of the US markets 12:45 Gold, cryptocurrencies providing a critical safe haven 19:30 Cryptocurrency is the free market on steroids, is this the time to … Read more
by Thinker Tweet by John Deplorable @RedWingGrip Just for the record , of the 11 FISA Judges that Treasonously signed off on the Warrants for the Spying/Wiretapping of Carter Page , Donald Trump and his campaign , ALL were handpicked by: https://twitter.com/RedWingGrip/status/1…2490862593 What was the reason that 11 judges would risk being caught going against … Read more
https://twitter.com/OccupyWisdom/status/1078408848342429696 https://twitter.com/OccupyWisdom/status/1078437730579873793 https://twitter.com/OccupyWisdom/status/1078374017227198466 If we just look at months that have a higher percentage of days with -2.0% intraday draw downs than Dec 2018 so far, the list is a bit more ominous. None of these were at the end of Bear Markets. pic.twitter.com/Pocb2SWmkf — OddStats (@OddStats) December 27, 2018 History lessons….. cc: @carlquintanilla H/T: … Read more
I never tire of looking at videos of Chinese click farms. It's just so surreal to see hundreds of phones playing the same video for the purposes of fake engagment. pic.twitter.com/bHAGLqRqVb — Matthew Brennan (@mbrennanchina) December 10, 2018 If you pay them, they’ll do anything you want with that farm. AC
Now, where is the criminal investigation? RAI: https://therealnews.com/stories/cold-war-radar-system-a-trillion-dollar-fraud-lester-ernest-on-rai-1-4 Les Earnest: https://en.m.wikipedia.org/wiki/Les_Earnest Les Earnest talk at the Humanist Community Forum (2018-01-14): How a fraud (SAGE) launched the Internet https://youtu.be/AtRvm47RGIw h/t Lemonbouy
by sundance Almost everyone who has researched the substance behind Rosenstein and Mueller’s heavily promoted Russian indictments knows the underlying claims are centered on the thinnest of evidence. Given the nature of the politicization behind the Mueller investigation, many people argue there is no actual evidence at all; it’s a manufactured ruse created only for purpose … Read more
Jimmy Dore Show. Total of $4700 ad spending on Google from Russian accounts targeting US politics. Crazy over the top language used to describe. h/t stephenliss
from Bloomberg: Of all the holiday gatherings Jerome Powell gets invited to, a sit-down in the Oval Office might be one of the last he’d want to attend. Just days after President Donald Trump blamed the Federal Reserve chairman for the stock market’s December swoon and discussed with aides his desire to fire him, White … Read more
via thehill: President Trump on Friday threatened to “close the Southern Border entirely” if Democrats do not agree to provide money to “finish” building a wall on the Mexican border. Trump made the threat in a tweet on the seventh day of a partial government shutdown that entered its seventh day on Friday with no end in … Read more