Breaking news, updates, and reports on current events.
by Geoffrey Grider Ariel sings! She sparkles! And she’s made by Chinese factory workers, mostly women, and paid just 1 penny by Disney for each doll that shimmers off shop shelves. Unless you support legal Chinese slave labor and exploitative factory sweatshop conditions, you might want to think twice about getting your daughter the Princess Sing & … Read more
via moneymetals: This week, a white metal reached a rare feat. Palladium has traded at a higher cost per ounce than gold. Last month, the palladium market pushed through all remaining technical barriers by posting a new all-time high. A chronic supply deficit now threatens to launch palladium prices into a super spike. Palladium Reaches Gold Price, Makes … Read more
Watch the latest video at foxnews.com Freedom of speech. A lot of people voted for Donald Trump in the hope they’d have more of it. But two years into his presidency, the opposite has happened. Our ruling class has clamped down as never before on personal expression. Gone is the free exchange of ideas we … Read more
via visualcapitalist: Everywhere you look, concerns are mounting about internet privacy. Although giving up your data was once an afterthought when gaining access to the newest internet services such as Facebook and Uber, many people have had their perspective altered by various recent scandals, billions of dollars of cybertheft, and a growing discomfort around how their … Read more
by GoldCore – What are “Fake Markets” and will they lead to another global financial crisis? – What do fake markets mean for stock and bond market performance in the future? – Is this the right time to re-balance portfolios and hold more cash and gold? In episode 9 of the Goldnomics Podcast, Stephen Flood … Read more
Mr Macron and Prime Minister Edouard Philippe’s popularity ratings hit new lows as the “yellow vest” protests gathered speed, according to an Ifop-Fiducial poll. The young centrist has been hit by a wave of popular discontent over a planned eco-tax rise, which quickly morphed into a broader rebuke of his aloof leadership style and tough … Read more
by Shaun Richards One of the features of the credit crunch era has been the falls in first world interest-rates and bond yields. The first phase saw the slashing of official short-term interest-rates and once that was seen to be inadequate, central banks directly purchased bonds to reduce yields further. It is seldom put like … Read more
by howmuch The American government is fast approaching the $22 Trillion mark in national debt. That’s about 137% of our entire GDP, one of the highest rates of indebtedness in the entire world. If the government seems addicted to adding to the national balance sheet, then Americans have a similar obsession for personal debt. The Federal Reserve Bank of New … Read more
by Martin Armstrong The European Court of Justice (ECJ) ruled that the UK can unilaterally cancel its withdrawal from the EU at any time and that will not be subject to a vote by other EU member states. This is a non-binding opinion that was delivered by an advocate general of the European Court of Justice. … Read more
by Spencer P Morrison, NEE General Motors last week announced it would close five manufacturing plants, four in America and one in Canada. President Trump responded to GM by threatening to cut the automaker’s subsidies unless it protected American jobs: Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan … Read more
via J.G. Martinez D.: One of the most devastating facts that I recently realized we have to deal with is with the changes in the very fabric of society associated with a collapse of this kind. We are seeing a breakdown of the society we once had and it is turning into something desperate and dangerous. … Read more
by Fabius Maximus Summary: The Left drives America down a slippery slow to an unknown future. Radical social changes are coming ever faster, experiments powered by government power, done without our consent. We can still get off this path. It is essential to see that we are sliding down the slippery slope. First, easy divorce. Second, … Read more
Market statisticians are falling over each other in 2018 to describe the pain being felt across asset classes. One venerable shop frames it this way: Things haven’t been this bad since Richard Nixon’s presidency. Ned Davis Research puts markets into eight big asset classes — everything from bonds to U.S. and international stocks to commodities. … Read more
via dailymail: Facebook employees are turning on boss Mark Zuckerberg, it was reported last night, as British MPs leaked a trove of documents then accused the company of spying on users’ calls and texts and signing secret deals to give access to their data. Former workers described a ‘toxic and hostile’ atmosphere at the social media giant … Read more
Inverted $VIX is now in the largest consistent divergence with $SPX in over 25 years pic.twitter.com/cYIEp3Uhtg — mcm-ct.com (@mcm_ct) December 5, 2018 https://twitter.com/hks55/status/1070450691225866244
by Chris The Huawei executive arrest is playing out very poorly in the “”markets””. After all of the efforts to stem the losses taken by the CME last night, the futures have drited lower and lower, and look to be opening with a -1.5% to -2% loss for most indexes, as well as for oil … Read more
A Massachusetts judge reportedly allowed an immigrant who was in court on drugs charges, and what appeared to be a Pennsylvania warrant for drunk driving, to leave through the back door to avoid immigration enforcement officers who had arrived to arrest him. Shelley Joseph, a judge in the suburbs of Boston, is reportedly being investigated … Read more
via Caitlin Johnstone: When even the Washington Post is saying your Russiagate article is bad journalism, your Russiagate article is really, really bad journalism. In an article titled “The Guardian offered a bombshell story about Paul Manafort. It still hasn’t detonated.”, WaPo writer Pul Farhi draws attention to the fact that it has been a week since the Guardian published a claim that … Read more