by Charles Hugh-Smith Dow 30,000 is “unsinkable,” just like the Titanic. A recent Barrons cover celebrating the euphoric inevitability of Dow 30,000 captured the mainstream zeitgeist perfectly: Corporate America is firing on all cylinders, the Federal Reserve’s god-like powers will push stocks higher regardless of any other reality, blah blah blah. While the financial media looked elsewhere for … Read more
by Michael Snyder The World Health Organization says that we are facing an “unprecedented outbreak”, and they are basing that assessment on the official numbers that we have been given so far. But what if those numbers are not accurate and this outbreak is actually much, much worse than we have been led to believe? … Read more
What’s Behind the Screwed-Up Student Loan Fiasco? By Wolf Richter. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: Enrollment in higher education in the United States has dropped by 11% from the peak in 2011. That’s a drop of 2.2 million students over the span of eight years, according to data from … Read more
Dream of 3% economic growth remained a dream despite surge in government borrowing and spending. By Wolf Richter for WOLF STREET. The dreams of 3%-plus economic growth in the US remained dreams in 2019, despite tax cuts and ballooning federal government spending, which are a stimulus. But the resulting budget deficit caused the gross national debt to balloon … Read more
Submitted by Tuomas Malinen of GnS Economics Coronavirus and the world economy The outbreak of the coronavirus epidemic in China has shaken the global asset markets—and with good reason. The coronavirus has the potential of being the ‘trigger’ which will push the world into a global depression. Here, we briefly explain why. The outbreak It looks … Read more
All this bubblenomics makes my head hurt. MEXICO CITY—For two years, the legendary late-night snack spot El Moro relied on Uber Eats to deliver its churros and hot cocoa to takeout customers across the capital. Then, in late 2018, it dumped the Uber Technologies Inc. app for an exclusive deal with rival delivery startup … Read more
by Happy_Harry This section of the Premium Tax Credit (1095-A form) section directs you to add the totals of all 1095-A forms together for lines 33A, 33B, and 33C. However, if you read the instructions for Form 8962, it explicitly says you are NOT supposed to add the amounts together for column B. The column B totals should … Read more
15 central banks made net purchases of a tonne or more, highlighting continued breadth of demand Central banks added 650.3t to global official gold reserves in 2019, 1% lower y-o-y 15 central banks made net purchases of a tonne or more, highlighting continued breadth of demand This marks ten consecutive years of net purchases, with … Read more
There is a major disconnect between stock prices and underlying fundamentals. US economy-wide corporate profits have been in a declining growth trend and just turned negative. The same pattern led directly to past bear markets and recessions.https://t.co/pthziakG1d pic.twitter.com/4Hpn64eioF — Kevin C. Smith, CFA (@crescatkevin) January 30, 2020 Dip buyers, consider the following:https://t.co/9GuDlmurU4 Thanks for the … Read more
https://twitter.com/Birdyword/status/1222751730003140608 https://twitter.com/ZhaoyinFeng/status/1222905683957428224 Some people in China are taking no chances when it comes to personal protection against the coronavirus outbreak pic.twitter.com/ugykY9vQzq — South China Morning Post (@SCMPNews) January 30, 2020 Our first estimate of the impact of the #Wuhan #coronavirus on Asia. Watch the travelers. @ANZ_Research https://t.co/wRRlCWTN27 — Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 … Read more
by aesop_tables The information presented here was gathered from disease outbreak news reports from WHO, ECDC and CDC numbers for the current Wuhan coronavirus, and various news outlets when the Wuhan virus initially broke out. Stuff about the R0 was taken from publications by Althaus (2014), “Estimating the Reproduction Number of Ebola Virus (EBOV) During … Read more
(Bloomberg) — A key slice of the U.S. yield curve inverted on Thursday for the first time since October, reviving memories of growth fears that plagued investors last year and signaling doubts that the Federal Reserve will succeed in reviving inflation. The gap between the yield on three-month and 10-year Treasuries at one point slipped … Read more
https://www.youtube.com/watch?v=5PAbpYJPe2k The out of control wildfire was threatening homes near the Pearce Royal Australian Air Force base in Bullsbrook, according to local media. Smoke was engulfing the base and firefighters in a truck were trying to extinguish the flames near the runways.
by smurfin101 Dems love using mass shootings to push their agenda. However, they completely ignore the murders that happen in their cities. It’s almost like they don’t even care? Chicago Stats – https://heyjackass.com/ Philly Stats – https://6abc.com/5802150/ Baltimore Stats – https://www.baltimoresun.com/news/crime/bs-md-ci-cr-2019-homicide-final-count-20200101-jnauuumukbdh3edsyypspsm3he-story.html Chicago has had Democrat mayors since 1931 – https://en.wikipedia.org/wiki/Mayor_of_Chicago Philly has had Democrat mayors since 1952 – https://en.wikipedia.org/wiki/List_of_mayors_of_Philadelphia Balitmore … Read more
by mapi Image: Philadelphia Enquirer The U.S. Secret Service and the U.S. Marshals Service has been expanding into America’s school system at an alarming rate. The Secret Service is training school administrators and teachers to identify violent students in numerous states like Pennsylvania, South Carolina, Louisiana and Kansas. As the Secret Service report “Protecting America’s Schools” mentions, there is no profile that school … Read more
by sundance Lawyers representing Lt. General Michael Flynn have filed a motion to dismiss [pdf here] citing “government misconduct”. Additionally Mr. Flynn has filed a declaration [pdf here] requesting to remove his prior guilty plea and take the case to trial. Hours later the DOJ revised their sentencing memo, dropped their request for jail time and offered … Read more
by Dave Kranzler of Investment Research Dynamics The mortgage regulators are stretching the removal of mortgage qualifications to the limit in an effort to keep the housing party going. The Consumer Financial Protection Bureau (CPFB) is recommending the removal of the DTI as a factor in qualified mortgage underwriting. Ironically, tighter mortgage finance regulations were the purpose for … Read more
by DCG Demorat Governor JB Pritzker Just last week I told you how Illinois’ new automatic voter registration system led to a possible 545 non-U.S. citizens being registered to vote. Illinois Secretary of State Jesse White’s office said the data of 574 people who self-identified as non-citizens was erroneously forwarded to elections officials to be registered to vote. … Read more
