by David Haggith Since hindsight is 2020, I thought it might be useful now that we are far past the time in 2018 when I called the fall of the US housing market to assess where its journey went during the year and a half that has gone by before I venture a housing market prediction … Read more
via washingtonexaminer Two gun rights groups planning to host a rally of 130,000 supporters Monday at the Virginia state Capitol have sued to repeal Democratic Gov. Ralph Northam’s ban on guns, even for those with permits. “Governor Northam is behaving like the royal governors who long preceded him. He has arrogantly and brazenly tried to restrict the … Read more
Japan: 253% Greece: 178% Lebanon: 148% US: 105% Egypt: 101% Spain: 98% France: 97% Canada: 89% UK: 85% Brazil: 74% Germany: 64% Israel: 60% Argentina: 57% China: 47% Saudi Arabia: 17% Russia: 12% Brunei: 3% Government debt as share of GDP. Japan: 253%Greece: 178%Lebanon: 148%US: 105%Egypt: 101%Spain: 98%France: 97%Canada: 89%UK: 85%Brazil: 74%Germany: 64%Israel: 60%Argentina: 57%China: … Read more
by Tom McClellan Note: This article previously appeared in the Jan. 14, 2020 issue of our Daily Edition. The charts are updated through Jan. 16’s data. This week’s chart shows an interesting representation of bullish trader sentiment. The number of SPY shares outstanding is above its upper 50-1 Bollinger Band, and continuing to rise. Check out the … Read more
The stock market has moved to reward those companies who are investing in Capex and R&D… https://t.co/triayuUyBG – B. Rollins@SoberLook pic.twitter.com/77HK32P2Yq — 361 Capital, a division of Hamilton Lane (@361Capital) January 16, 2020
via wallstreetonparade On February 3, 2015, Jim Clifton, the Chairman and CEO of the iconic 85-year old polling company, Gallup, penned an article for his company in which he called the reported unemployment number issued by the U.S. Government “The Big Lie.” Wall Street On Parade has now discovered that a speech by former Fed Chairman … Read more
From the WSJ: Stubborn German Slowdown Ominous for European Economy GDP growth in Germany was a paltry 0.6% last year! Manufacturing contracted 3.6%. Additionally the gas automotive industry represents about a quarter of Germany’s economy. That’s a big issue considering electric cars don’t need all the gas automotive parts Germany produces and the current leader–Tesla–is a primary competitor … Read more
via tricountysentry Our nation’s pension systems are in trouble. Underfunded with outsized promises to beneficiaries who are living longer, the death rattles of the defined benefit pension system, which promises a fixed amount of money per month for retirees, are now audible. There are many facets of this problem and I will focus upon the four … Read more
https://www.msn.com/en-us/weather/topsto…ar-BBZ3P5f Very Nasty here in Iowa Snow, then freezing rain before the Friday Commute Prayers to those that have to drive tonight. Tomorrow isn’t any better, 40 mph winds blowing around the snow
“Give Me a Growing Environment, It’s Easier to Run the Railroad”: CSX CEO. By Wolf Richter for WOLF STREET. CSX reported fourth-quarter and annual results Thursday evening: revenues for the quarter fell 8% to 2.88 billion, in line with the freight recession where overall shipments by all modes of transportation in December fell 7.9%, the steepest year-over-year decline since November 2009. … Read more
by Charles Hugh-Smith The Fed will destroy the nation by widening the wealth/income inequality that is breaking down the nation’s social order. President Reagan was widely mocked in America when he declared the Soviet Union an evil empire, but this calling things by their real name had a profound impact in the Eastern Bloc. The mockery stemmed from the … Read more
The FACT that JP Morgan would not even exist without the Repo Bailouts calls into question the Morality of handing out 2019 bonuses to the JPM Executives!
by Geoffrey Grider Dr. Michael Baden, a former New York City medical examiner, alleged Thursday that autopsy photos of Jeffrey Epstein show he had burst capillaries in his eyes, which is a more common occurrence with strangulation than with hanging. With each passing month, more and more evidence as to how Jeffrey Epstein actually died keeps disappearing, and … Read more
by Dave Kranzler of Investment Research Dynamics Gresham’s Law in action: The diminishing availability of physical gold from the market (per several different accounts in London) corresponds to the proliferation of fiat currency printing and paper gold derivatives. Since September the Fed has increased the size of its balance sheet by $414 billion or 11% in less than … Read more
Data shows half of Manhattan condos built since 2015 have never been sold The luxury condo market has cooled even as the economy continues to soar Experts point to the soaring cost of new units compared to resale units Developers have been marketing extreme high-end units at foreign oligarchs But for foreign billionaires seem to … Read more
by Playaguy Based on how the 2008 cris went down, and how no one was really held accountable from the banking sector, I buy it. But just wow. via sputniknews Britain is due to leave the European Union later this month but there is no sign of banks quitting the City of London, one of the main … Read more
“Trade Deals” are government-managed trade. Government-managed trade is political, which means politically-connected industries benefit. Free Trade is the only “trade deal” that benefits everyone. NO government interference with the economic lives and transactions of Americans. But instead of Free Trade, we have a crony system that many Americans despise — the marriage of corporations and … Read more
“I remember, for some reason or another, being very excited when Fidel Castro made the revolution in Cuba,” AC
by mapi Conference goers now have to be wary that robots will identify them everywhere they go. Corporations can now rent Chinese-made CloudMinds robots that can identify everyone on the conference floor. (To learn more about CloudMinds and China click here & here.) CloudMinds mission is to “make helpful robot services possible and to make them safe, secure and affordable.” While their … Read more
As yet another streaming service enters the heavily saturated space, one Wall Street analyst says consumers might be starting to feel streaming fatigue. “I think you are starting to see some [streaming] fatigue. But I think it also comes down to numbers,” Wedbush analyst Dan Ives said on Yahoo Finance’s On The Move. NBC unveiled details … Read more