Breaking news, updates, and reports on current events.
by Martin Armstrong I have constantly warned after dealing with governments first hand for over 30 years, they NEVER see the problem as being them – it is always we the people. Their fiscal mismanagement is beyond repair and we should not expect anything other than death and taxes. You work your entire life and then want … Read more
by Michael Snyder Things are sure getting wild on Wall Street. On Thursday, the Dow Jones Industrial Average plummeted almost 800 points before roaring back and recovering nearly all of those losses. The Dow closed just 79 points lower for the day, and if you only looked at the final number you would be tempted … Read more
by Michael Snyder It is a rumor that won’t go away. Mainstream news outlets Newsweek and Vanity Fair have both reported that Donald Trump and his political advisers have been considering replacing Mike Pence with Nikki Haley for the 2020 election. Of course there is always at least a little speculation about such a move whenever a sitting president … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Federal Reserve shed $54 billion in assets over the five weekly balance sheet periods that encompass the calendar month of November. This reduced the assets on its balance sheet to $4,086 billion, the lowest since January 15, 2014, according to the Fed’s balance sheet for the week ended December 5, released this … Read more
https://www.youtube.com/watch?v=gtsCm9wT42w Cassandra Fairbanks for the Gateway Pundit reports, Senator Rand Paul commandeered a press conference set up outside the CIA briefing on Jamal Khashoggi after being blocked from attending. The senator blasted the deep state for keeping him and other lawmakers in the dark. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…
https://www.youtube.com/watch?v=n62_0pH5bXE Randy DeSoto for the Western Journal reports, TheBlaze and CRTV have merged, creating Blaze Media, the two companies announced Monday. The newly created entity will be able to reach 165 million people via television, online and social media, making it “the largest independent, traditionally conservative multi-platform media company in the United States,” TheBlaze reported. … Read more
via dailyreckoning: In 2017, the financial world was filled with talk of synchronized sustainable growth in major economies for the first time since before the 2008 global financial crisis. This was being proclaimed by global financial elites including Christine Lagarde, head of the IMF. Now that vision is in ashes. Synchronized global growth has turned into … Read more
Tuesday drop for Dow and S&P biggest since Oct. 10 from CNBC. via CNBC: A bear market — an index decline of 20 percent or more from recent highs — would alter consumer behavior, argues Bleakley’s Peter Boockvar. The last S&P 500 bear market happened during the financial crisis when the index lost 56 percent … Read more
via mishtalk: The Fed is expected to hike on Dec 18 and perhaps in Mar 2019. The rise in the 3-month yield reflects that expectation. The inverted yield curve persists for a second day. It reflects the idea that the Fed is slowly hiking the economy into recession. Let’s take a look at how we got … Read more
Who knew the greatest economy in the history of the world, led by heroes, couldn't even stand a 2% Fed Funds rate? pic.twitter.com/OeJIUDZiMp — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) December 6, 2018 This is truly sad… markets are momentarily excited because things are so bad economically that #Fed has to pause at zero real … Read more
via advisorperspectives: Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001, he remarked in a Fortune Magazine interview that “it is probably the best single measure of where valuations stand at any given moment.” The four valuation indicators we track in our monthly valuation overview offer … Read more
via Fdsn: This is a list of cities which is projected to have the fastest GDP growth in the world over the next 16 years. All top ten cities in this list are located in India. And, in the top 20 list, 17 are located in India thus showing the growth potential in India over the … Read more
By Harry Dent Ever since Trump’s election and he and Treasury Secretary Steven Mnuchin uttered the stupidest words ever, I’ve been explaining in every place I can why 4%-plus growth is NOT sustainable… not past the tax-cut gravy train that hit mostly this year. Ultimately, it mostly comes down to two predictable demographic factors… As I’ve ALWAYS … Read more
via Jesse Kelly: Earlier this week, Alexandria Ocasio-Cortez put up a tweet so mind-numbingly stupid that simply calling it “factually incorrect” would be an insult to the word “incorrect.” As is to be expected in the social media world, folks on the right ripped the incoming congresswoman to shreds for it. Here were some of the typical responses: … Read more
by axolotl_peyotl The latest attacks against Julian Assange being perpetrated by the Mockingbird MSM are the perfect example of how the Fake News narrative has permeated all of mainstream “journalism” today. This pernicious propaganda became very obvious once certain bad actors began attacking anyone who defended Assange as being a Russian operative. Although the peddlers of … Read more
Big Tech is not the problem – It is merely a tool (Link to article below) https://nationalpost.com/opinion/marn…
In this video, we give you the latest breaking news on what is going on France among other stories that are simply not being covered in western media. Instead, the media is serving up clickbait distraction issues that just can’t be taken seriously anymore. https://www.zerohedge.com/news/2018-1…
https://www.youtube.com/watch?v=eFujzlkgubs In the wake of Tuesday’s market carnage, with almost all of the major indices losing 3% of their value, Dan sees a rough slog ahead for almost all U.S. stocks. By any reasonable metric, stocks are a bad deal – but a few diamonds exist in the rough. Of course, there are not just … Read more
From CNBC: Ride-hailing company Lyft on Thursday confidentially filed a statement with the U.S. Securities and Exchange Commission for an initial public offering, signalling it could be the first major tech IPO of 2019. Lyft and rival Uber have each teased 2019 public offerings. The companies have been adding offers and services practically in tandem in recent months … Read more
LONG ISLAND, New York – A man is accused of scamming $45,000 from an elderly woman on Long Island, detectives say. An unknown man reportedly contacted the 81-year-old victim and said that her son was arrested for being involved in a car accident that caused injuries. The suspect told the victim that he needed $7,500 … Read more