Breaking news, updates, and reports on current events.
TradersChoice.net, Released on 12/26/18 MarketWatch article: https://www.marketwatch.com/story/the… Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book … Read more
by Thinker Was it Trump’s choice to put a non-military man to fill the shoes of Mattis??? Who put a non-military man in a position that might require them to assume dealing with the Armed Forces? DON’T BLAME TRUMP FOR THE ONE THAT SOLD THE SECOND SEAT TO MATTIS TO A LOBBYIST! Face the Nation: … Read more
by ogordained UNITED STATES Futures are pointing to a sharply lower opening this morning The Santa rally showed up in a big way with Dow Jones climbing over 1,000 points — its highest single-day gain Google has launched a service to help veterans find civilian jobs based on their military experience (if you’re a veteran interested … Read more
TAIPEI — A growing number of voices inside and outside Taiwan are warning that China is becoming increasingly sophisticated in its attempts to influence democracy on the island. This has major implications for Taiwan, which will hold presidential and legislative elections in January 2020. In late November it held local elections under a cloud of … Read more
by Martin Armstrong The EU has shocked the auto industry and came out based upon this new round of forecasts that humans will be extinct by 2050. Cars must now become considerably more climate-friendly by 2030. The carbon dioxide emissions of new cars must fall by 37.5% compared to 2021. The negotiators of the EU member states … Read more
by Jose Nino via Mises Wire The 2018 midterm elections produced a split Congress with Democrats gaining control of the House and Republicans gaining seats in the Senate. The Guardian detailed House Democrats’ desire to pass gun control legislation in the upcoming Congress: “Ted Deutch, a Democratic congressman from Florida who represents Parkland, where a February school shooting left 17 … Read more
from Financial Survival Network Tax expert Jeff Socha says make sure you get a head start on preparing your taxes this month. The new year is upon us. Make it a good one and spend the rest of this year preparing for tax time. 2018 was the first year under the Tax Cuts and Jobs Act, the largest … Read more
by John Hussman Valuations are informative about long-term returns and full-cycle risks. Market internals are informative about investor psychology over shorter segments of the cycle. Presently, neither valuations nor internals are favorable, and that is what opens up a trap door under the market. There will certainly be periods where short-term oversold conditions will enable scorching … Read more
by Jim Quinn Only government spends $2 million on a tiny bathroom in a park. I investigated: pic.twitter.com/IHjw4KNxCH — John Stossel (@JohnStossel) December 26, 2018 I wish that inefficiency and theft like this was worst of government activities. It is an example of just ordinary criminality. The communists(not progressives) have much much worse evil … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Seattle house prices drop 4.4% in four months, biggest drop since Housing Bust 1; Prices deflate in San Francisco Bay Area, San Diego, Denver, and Portland. Some of the markets in this select group of the most spending housing bubbles in America have turned the corner, according to the S&P CoreLogic … Read more
“Socialism violates three of the Ten Commandments,” Shapiro told the crowd of mostly young activists and students. “Idolatry, because you’re not supposed to worship government, you’re supposed to worship God.” https://www.youtube.com/watch?v=LQzCVEwhytY&feature=youtu.be AC
by Geoffrey Grider President Donald Trump and first lady Melania Trump made a surprise visit to Iraq on Wednesday — their first visit to a war zone since the sitting president took office nearly two years ago. As President Trump continues to order massive airstrikes on ISIS as the US prepares to pull out from Syria, he and the First Lady made … Read more
Shocking Announcement – ‘We Have Enough For Wall!’ – Unique Way Found To Fund It ALL! Sen. Rand Paul, R-Kentucky, offered an incredibly unique — and obvious — way to fully fund President Donald Trump’s border wall. “Well, I would if we were to offset it with cuts somewhere and so what I’ve advised is … Read more
People who drink moderate amounts of alcohol or coffee and are overweight in their 70s live longer lives, according to researchers at UC Irvine Institute for Memory Impairments and Neurological Disorders. The researchers started a study in 2003 to look at what makes people live past 90. https://abc7chicago.com/health/alcohol-coffee-could-be-key-to-living-longer-study-finds/4969273/ h/t duFontaine.
by Graham Summers of Gains, Pains, & Capital The next crisis is here. And yes, it is a crisis. Ignore anything the media says about this, we are seeing selling that is on par if not worse than the 2008 collapse. And it’s not over by a long stretch. Most traders remain in complete denial about what is … Read more
via Twitter: #JOURNALISM: Also: UPDATE: Yahoo Lifestyle: Melania Trump gets mocked for wearing Timberland boots while visiting the troops. ANOTHER UPDATE: Flashback: Maher: I’m “Hoping” For “A Crashing Economy” So We Can Get Rid Of Trump, “Bring On The Recession.” The entire story told in three headlines. It’s definitely a classic. h/t GR
by David Haggith So, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are some warnings about bull traps in a bear market and … Read more
by Michael Snyder According to the Department of Agriculture, if this government shutdown stretches into February there won’t be money for food stamps. And it certainly looks like this shutdown could last for quite a while, because President Trump is not backing down on his demand for border wall funding, and the Democrats have pledged … Read more
by Michael Snyder The Dow Jones Industrial Average just posted its biggest single day point gain ever. On Wednesday, the Dow shot up 1,086 points, which shattered the old record by a staggering 150 points. It truly was a remarkable day, and this is the sort of “Santa Claus rally” that investors had been hoping for. … Read more
by TFittonJW Full discussion vid: And the Judicial Watch release on Judge Lamberth’s discovery ruling: https://www.judicialwatch.org/press-room/press-releases/federal-judge-opens-discovery-into-clinton-email-usage/