Photo by Flickr.com | CC BY | Photoshopped From Birch Gold Group Since 1975, the Social Security Administration (SSA) has provided automatic Cost-of-Living Adjustments (COLAs), which increase Social Security benefit payouts. For 2020, the adjustment officially ended up at 1.6%. According to the SSA, this adjustment is “enacted by legislation that ties COLAs to the annual increase in the Consumer Price Index … Read more
This does not look like a hospital to me. It may not seem like it, but this is a construction project that aims to save lives. China is building a hospital dedicated to dealing with the coronavirus outbreak. According to the World Health Organization, at least 571 cases of the virus have been reported … Read more
https://twitter.com/ChuBailiang/with_replies
Investing any spare money you have is becoming increasingly popular with many people. The great news is that this will get you better annual return if done well than your spare cash sitting in a bank account. There are also a great range of assets you could invest in – this includes stocks, foreign currency, … Read more
by Egon von Greyerz In this insightful interview, Max and Egon talk about the 2010s as a decade of fantasy and decadence. Central bankers medicine has enabled the terminally ill patient to survive for much longer than he should have. But that sadly will soon come to an end. Egon further warns: Stocks will be a … Read more
Those counting on the Fed’s endless “Not-QE” or whatever to inflate the market might be disappointed. By Wolf Richter for WOLF STREET. The Fed had doused the market with $410 billion in liquidity between September and January 1 through its repo operations and its T-bill purchases. Market hype had expected this blistering pace of money-printing to continue, but wait… While … Read more
https://www.youtube.com/watch?v=Mhy8bVg5FjM Shocking video of the imminent global currency reset and economic collapse! The Devaluation of the dollar has been happening for the last 70 years or so, especially after 1971. The devaluation of the dollar is a monetary phenomenon and typically driven by lowering interest rates by the federal reserve to increase credit and liquidity. … Read more
by visualcapitalist What percentage of your income goes into Uncle Sam’s pocket? Your answer will vary depending on how much you earn. Data shows that low and middle-income families pay a much greater share of their income towards state and local taxes than wealthy families. Today’s visualization uses data from the Institute on Taxation and Economic Policy (ITEP) … Read more
by UPFINA In a simple world without expectations, stocks would rise as much as earnings grow. As we know, it’s not a simple world as expectations rule the day. We often see investors jump the gun by buying before the first signs of economic and earnings improvement occur and selling before recessions start. Everyone is trying … Read more
via sentimentrader Two weeks ago, options traders pressed their bets, pushing speculative activity to a record high. And they just keep pressing. Last week, call buying to open as a percentage of all NYSE volume hit a record that had been set just the prior week. Even more telling, traders are not willing to cap their … Read more
Federal Reserve’s Repo Market Fix Is No Fix at All (Bloomberg Opinion) — With their best intentions in mind, central banks and governments have instituted rules to ensure that financial institutions have enough liquidity to withstand another crisis. But liquidity coverage ratios, high quality liquid assets rules, Basel 3 compliance, global systemically important bank charges, … Read more
2-year and 5-year rates have fallen below EFFR again after steepening to +20bps. If this persists out the curve, the Fed will have to keep cutting ✂️✂️ pic.twitter.com/XTbyxZcBYv — Eric Basmajian (@EPBResearch) January 23, 2020 Why do you feel the best way to manufacture that is more QE? Rate cuts would steepen the curve faster, … Read more
Blame the Fed. Blame tariffs. Blame GM. Blame Boeing. But US industrial production has fallen from 5.4% growth in September 2018 to minus-1.01% in December. “Production has been negative for the last four months.” (via DRW) pic.twitter.com/QvqGqtQxAe — Carl Quintanilla (@carlquintanilla) January 23, 2020 But they say it’s getting better… https://t.co/Vuiwu8gC5E — PlungeProtectionTeam (@gamesblazer06) January … Read more
OAKLAND, Calif. – Twenty-one year-old Max Zimmer showed us some bruises on his back, and the smashed windows of his pick-up truck, the visible damages of what he says was an attack near a homeless encampment in Oakland. “There was definitely a moment where I was scared for my life,” Zimmer said. https://www.ktvu.com/news/man-attacked-near-oakland-homeless-encampment
By Jon Hall On Friday, the Supreme Court announced that it will hear a case regarding whether faithless electors have to cast their vote in line with their states’ popular vote. The case will take place in April, with a decision by late June. At the moment, about 30 states require electors to vote for the … Read more
Vermont Senator Bernie Sanders was reportedly seen sleeping during the Donald Trump impeachment trial Vermont Senator Bernie Sanders was reportedly seen sleeping during the Donald Trump impeachment trial, but will take leave of the trial to fly to Iowa by private jet. #USPolitics https://t.co/TkBfH9Waib — The Inquisitr (@theinquisitr) January 23, 2020 Ranking Democrat Senator Dianne … Read more
https://www.youtube.com/watch?v=kJc2weMPqiM For More Information See: http://global.chinadaily.com.cn/a/202… https://www.efe.com/efe/english/world… http://www.thebigwobble.org/2020/01/c… https://www.usatoday.com/story/news/n… https://www.theguardian.com/world/202… https://www.theguardian.com/world/202…
Josh Sigurdson reports on the recent news from Bank Of America as they warn that due to the level of euphoria in the stock market, it’s quite possible to see the bubble burst as it’s reminiscent of the year 2000. Michael Hartnett, the chief investment strategist at Bank Of America wrote that Q1 2020 equals … Read more
American Woman Flora Fauna (Karen) Trapped in Wuhan, China Flips Out and Lashes Out #CoronaVirus h/t dr0id
BRAZOS COUNTY, Texas — A student at Texas A&M may have contracted the 2019 novel coronavirus, the university confirmed Thursday. The Brazos County Health District is investigating the suspected case of coronavirus in a student who traveled from Wuhan, China, where it originated. The student is being isolated at home while precautionary testing is done. … Read more