On Wire

via MSNBC President Obama’s Council of Economic Advisers Chair, Austan Goolsbee, tells Ali Velshi that he thinks President Trump is sending the U.S. towards a recession. He also outlines what he thinks needs to happen to get China trade talks back on track.

It would be nice to write the market’s convulsions off to liquidity failures, or tariffs, the Federal Reserve or tech valuations. But for the people living through these swings on trading desks, none of those explanations does the trick — and that’s what really worries them. Markets have grown so jittery that moves seem detached from … Read more

Via Marketwatch By 45, most millennials think they’ll be living the good life. But the reality is likely to be much different. According to a survey released Thursday by YCharts, an investment research platform, 65% of millennials ages 22-37 say they’ll reach seven-figure wealth by age 45 or sooner. That finding is backed by a … Read more

from Financial Survival Network Warren Bravo is extremely bullish on the Cannabis sector and is especially upbeat on his company’s proprietary aquaponic growing method. Using indoor fish tanks with nutrients fed directly to Cannabis cuttings. It could be the holy grail of Cannabis cultivation. Much additional analysis of the sector included herein. Click Here to Listen to … Read more

Phew, we finally got rid of those pesky encrypted phone apps… Bleak Dystopia here we come! If the Australian government has this back door access, the rest of the Five Eyes are just going to use Australia to circumvent their own legal systems. I also expect this will be exploited by hackers once they know … Read more

Whatever it was, it wasn’t enough. via RT: Hong Kong’s securities regulator has fined a George Soros-controlled fund for compliance failures in the short selling trade. In China’s autonomous region, the billionaire is synonymous with excessive shorting activities. Regular shorting is a market position motivated by the belief that a security’s price will decline, enabling … Read more

via RT: Left leaning billionaire Michael Bloomberg says he would like to hike taxes on low-income citizens in his crusade against sugary drinks. He says it’s a “good thing for those people.” Bloomberg says he wants to decide on what is good for low-income people. “The question is do you want to pander to those people? Or … Read more

by Tom McClellan Housing sector stocks have been among the worst performers in 2018, and analysts are pointing to lots of different reasons including the newly imposed U.S. tariffs on Canadian softwood lumber.  But an easier explanation arises when we look at interest rates. Mortgage rates are not yet empirically “high”.  I bought my first house … Read more

by Jesse Gold is not only flowing from West to East. It is also flowing into the house account at Goldman Sachs.  Or at least the paper claims for it in New York. Below is the monthly report showing the large amounts of physical gold which have been steadily flowing through the Shanghai markets into … Read more

by AnonDidNothingWrong   50 of the 60 CRS anti-riot unit will be called in emergency on Paris this saturday leaving the countryside defendless, all Paris police force mobilised even anti-immigration special unit https://www.youtube.com/watch?v=RfS_ZFHxbZQ Armored vehicles of the GBGM (elite CBRN military unit in riot control that was deployed in Kosovo and Afghanistan) will guard government … Read more

by Martin Armstrong What is really amazing is how governments just fail to comprehend that revolution is instigated by corruption and taxes. Nevertheless, they just can’t help themselves. They have to keep taking cookies from the jar until it is empty and then act surprised what the people suddenly rise up. France tops the list of … Read more