On Wire

Just now, in the House hearing on GOOG. Bloomberg covering live. I wonder how much Google had to pay for that advertisement? More importantly proof that the democrats are now going full-blown Fascist. There is no hiding it now. LIVE NOW CSPAN 3     GOOGLE GRILLED…   Lawmakers peppered Google CEO Sundar Pichai with … Read more

WASHINGTON – Senate Majority Leader Mitch McConnell announced Tuesday the Senate would take up a long-awaited bipartisan bill that aims to reduce the number of people in the nation’s crowded prisons. “At the request of the president and following improvements to the legislation that has been secured by several members, the Senate will take up the revised … Read more

by John Rubino Alasdair Macleod on the coming “inflationary credit crisis” … Bill Black: Deutsche Bank is a criminal enterprise that might bring down the global financial system … Jim Rickards explains the coming “monetary reset” … Peter Schiff: “We’re in a recession and this is a bear market. Gold should be a lot higher” … Read more

via CNBC: “I think things have improved, but then I think there are gigantic holes in the system,” Yellen says. The former Fed chair cites leverage loans as an area of concern and says there remains an agenda of unfinished regulation. She also says rates will remain lower than they have been in past decades. … Read more

ROSS DOUTHAT ON OUR SORRY NEW ARISTOCRACY: But then the WASPs themselves decided to dissolve their own aristocracy, and transform their once-Protestant universities into a secular mass-opportunity system — a more democratic way of education, in which anyone with enough talent could climb the ladder, and personal achievement and technical expertise would be prized above all … Read more

IT’S ALWAYS IN THE LAST PLACE YOU LOOK? Mueller’s Investigation is Missing One Thing: A Crime. This week’s Key to Everything is Michael Cohen, the guy who lied out of self-interest for Trump until last week when we learned he is also willing to lie, er, testify against Trump out of self-interest. If you take his … Read more

VIRTUE SIGNALING IS A POWERFUL DRUG: 48 Yale Students Arrested During Protest. In the annals of pointless protests, this may be the most pointless: Forty-eight students at Yale University were arrested Friday during a protest in the investment office calling on the university to divest from Puerto Rican debt and fossil fuel companies. According to a … Read more

credit is driving sell off in stocks pic.twitter.com/OZHAs7avfc — Alastair (@StockBoardAsset) December 11, 2018 CDX NA IG versus $SPX: credit is the big hint of risk on/off for stocks pic.twitter.com/gGVbbKaFF3 — Alastair (@StockBoardAsset) December 11, 2018 Wall St. Ignored Signs of Trouble for Months. Now It Sees Risks Everywhere (nytimes.com) WSJ: Wall Street ‘Fear Gauge’ … Read more

by badpauly   This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. In fact, since … Read more

by markyu007 The company has lost billions and billions of market capitalization in the past decade. In more recent time, the SIFI label removal last year did not actually help its business growth. The insurer’s exposure to several natural calamity affected its profits—failing to meet analyst expectations in the past four quarters (a year). Some … Read more

by revcanon I just saw a commercial for a nationally known tax preparer that said, “Next year, your tax refund won’t arrive until after February.” As if this was some new timeline we’ve never experienced. This is absolutely normal. Your employer has until January 31st to mail your tax docs. They are only trying to … Read more

by SpontaneousDisorder Remember the tea party and occupy movements after the financial crisis? Is A New Revolution In France Just Beginning? The French are partial to a revolution. The French Revolution, beginning in 1789, accelerated the rise of republics and democracies around the world. The motto most closely associated with the French Revolution is “Liberté, … Read more

via thehill: The country’s budget deficit in the first two months of fiscal 2019, which began Oct. 1, was 50 percent higher than in the same period the previous year, according to the Congressional Budget Office (CBO), though the figure was inflated by timing. In October and November, the federal government spent $303 billion more than … Read more

via businesstimes: THE Japanese economy contracted the most in over four years in the third quarter as companies slashed spending, threatening to chill the investment outlook in 2019 as the export-reliant nation grapples with slowing global growth and trade frictions. The slump in the world’s third-biggest economy adds to signs elsewhere in Asia and Europe of … Read more