Breaking news, updates, and reports on current events.
via breitbart: None of the faux-outraged writers documented actual evidence of deliberate voter suppression. The left-wing BBC even conceded that “research has previously shown that alleged vote suppression in the form of ID laws does not seriously affect election outcomes.” Ignored in all the coverage was the pre-election attack on the Republican party and the … Read more
Via Investment Research Dynamics Housing and auto sales appear to have hit a wall over the last 8-12 weeks. To be sure, online holiday sales jumped significantly year over year, but brick-n-mortar sales were flat. The problem there: e-commerce is only about 10% of total retail sales. We won’t know until January how retail sales … Read more
by Darius Foroux What does it take to be successful? No matter what your definition of success is, you know that it’s not easy to achieve it. Even a simple definition of success like “I want to live life on my own terms” requires hard work. Every sane person who aspires to live a good life … Read more
McConnell’s year-end wish: Getting Congress to legalize hemp Pressed for time and pushed to move quickly on a border wall and criminal justice reform, the Senate’s top leader has his own priority in Congress’ lame-duck session: passing a farm bill that includes a full pardon for hemp, the non-intoxicating cousin of marijuana that’s making a … Read more
by Graham Summers of Gains, Pains, & Capital Stock markets are rallying today on the belief that somehow the US and China will sign a trade deal at the upcoming G-20 meeting. Investors are buying this narrative despite the facts that… 1) The Trump administration has already admitted that a deal is highly UN-likely. 2) The Trump administration … Read more
There is going to be a reset of this unpayable debt, and financial writer and precious metals expert Bill Holter contends, “It’s going to happen, and I hope for not a very long period of time. I am hoping it’s just a two week or four week event where the system goes down and goes … Read more
FBN’s Kennedy on President Trump’s criticism of the Federal Reserve. “Bloodsucker” is a good description of the actual owners of the Fed, both metaphorically in terms of the drain on the economy and as a literal description of the behavior of certain members of their tribe. h/t Voluntaryist
“Suddenly America is the largest oil producer, that was me, people… Have you checked where your stocks were when I came in office and where they are now? … Just say thank you, please.” – Obama VIDEO: “Suddenly America is the largest oil producer, that was me, people… Have you checked where your stocks were … Read more
via Robert Wheeler: Over the past few months, there has been a steady uptick in the number of countries dumping significant portions of their dollar holdings. This is causing many people to worry whether or not the US economy is in for a massive shock sooner, later, or somewhere in between. While American corporate media outlets … Read more
A senior official with knowledge of the investigation tells @OANN Mueller is currently focused on these indictments for these 4 people Corsi – perjury Credico – perjury Stone – perjury + conspiracy Don Jr – perjury https://twitter.com/JackPosobiec/status/1067981029091221504 h/t Hobo Babylon
via visualcapitalist: It’s easy to be envious of the leaders of Fortune 500 companies. They get paid millions of dollars, and they have the power to make transformative decisions for some of the most beloved companies in the corporate world. Despite the obvious benefits of being a top CEO, it’s a job that comes with immense … Read more
by Disobedient Media The Guardian’s latest attack on Julian Assange was not only a fallacious smear, it represented a desperate attempt on behalf of the British intelligence community to conflate the pending US charges against the journalist with Russiagate. The Guardian’s article seeks to deflect from the reality that the prosecution of Assange will focus on Chelsea … Read more
by Troy Well that was quick. Less than 2 months ago Fed chairman Powell said that interest rates were “far below neutral” (implying that rates needed to be hiked much more). After the stock market has fallen 10%, Powell now thinks that “interest rates are close to being neutral” (implying that fewer rate hikes are … Read more
You'll be shocked to learn in this chart that the breaking point in credit markets is right here—> pic.twitter.com/CXsCGOWgHv — Alastair (@StockBoardAsset) November 28, 2018 U.S. junk bond yields reach the highest levels in more than two years. Borrowing costs for riskier companies are now 2.5 percentage points higher than the all-time low reached in … Read more
From Birch Gold Group Lawmakers are considering the possibility of earmarking billions of dollars to bail out some failing pension programs. The proposed bailout was outlined in The Hill: The proposal, a draft of which was obtained by the Post, would require the Treasury Department to spend as much as $3 billion annually to subsidize payments for retirees … Read more
via @crossbordercap: Tightening Again … Alas Latest data show major #CentralBanks’ aggregate balance sheet shrinking 1.3% in US$ terms .US$, policy liquidity shrank by a whopping 5.4% , mostly due to #Fed but also by #ECB and #BOJ #BOE info..act@liquidity.com Even After IMF Downgrade of Global Economy, Data Suggest Things Are Getting Worse … Read more
by Michael Snyder The U.S. economy is definitely deviating from the script, and we just got more evidence that “Housing Bubble 2” is bursting. Experts were expecting that new home sales in the U.S. would rise in October, but instead they plunged 8.9 percent. That number is far worse than anyone was projecting, and many … Read more
by Charles Hugh-Smith This systemic vulnerability is largely invisible, and so the inevitable contagion will surprise most observers and participants. The conventional definition of a Bear is someone who expects stocks to decline. For those of us who are bearish on fake fixes, that definition doesn’t apply: we aren’t making guesses about future market gyrations (rip-your-face-off rallies, … Read more
By Leonard Hyman and Bill Tilles for WOLF STREET: Last week, the NY Times ran a front-page story on Saudi Arabia’s efforts to purchase nuclear fuel enrichment capabilities and as many as 16 nuclear power generating plants from the US. The principal concern expressed here was the Saudi’s insistence on ownership of nuclear fuel-enrichment technologies. Typically, when the US has … Read more
The bribery trial of Dr. Patrick Ho, a pitchman for a Chinese energy company, lifts the lid on how the Chinese regime relies on graft to cut Belt and Road deals in its global push for economic and geopolitical dominance.