Are We Already In A Recession?
Join Mike Maloney as he explores the question of whether or not the United States has already entered recession territory.
Goldman warns that Apple is too dependent on Google for services revenue, and will need to roll out a ‘Prime’ bundle
Goldman Sachs estimates Google paid Apple nearly $9.5 billion in traffic acquisition costs (TAC) during calendar year 2018. The fees will continue to make up a large portion of Apple’s services revenue into 2019, the firm said, but will grow …
$22 Trillion
by SP The Daily History of the Debt Results Historical returns from 02/01/2019 through 02/11/2019 The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the …
Carnegie on Economic Escape Velocity: “Why US Debt Must Continue to Rise”
via carnegieendowment: MICHAEL PETTIS Debt is rising more quickly in the United States than most people would prefer. This is happening in part because the U.S. current account deficit and the country’s high level of income inequality distort the structure and …
Married Couples Living with Roommates Has Doubled Since 1995
via marketwatch: Married couples are making room for roommates. Sometimes, multiple roommates. Just ask Kelsey Riley Dixon. The 29-year-old business owner and her husband, a semi-pro kayaker, share a four-bedroom home with three male roommates “to reduce costs in the very expensive city of …
$11 Trillion Debt Wave Shows MMT Doesn’t Work
via mishtalk: Proponents of MMT please note: Your proposal is failing in actual practice. Please consider £11 Trillion Debt Wave as Governments Borrow More Than Ever Before. Governments need to borrow £11 trillion on financial markets this year, breaking the £10.9 trillion …
The Crime Rate Perception Gap
by Jim Quinn Courtesy of: Visual Capitalist There’s a persistent belief across America that crime is on the rise. Since the late 1980s, Gallup has been polling people on their perception of crime in the United States, and consistently, the majority of respondents …
It’s been almost 100 years since America’s 1% had this much wealth
Via Marketwatch A study puts wealth inequality in a historical perspective It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style. New research says America’s ultra-rich haven’t held as much …
Are the Democrats Bent on Suicide?
by Pat Buchanan After reading an especially radical platform agreed upon by the British Labor Party, one Tory wag described it as “the longest suicide note in history.” The phrase comes to mind on reading of the resolution calling for a …
I’m Not Breaking Up with America This Valentine’s Day, and Neither Should You
by John W. Whitehead “There’s absolutely no evidence to support the statement that [America is] the greatest country in the world. We’re 7th in literacy, 27th in math, 22nd in science, 49th in life expectancy, 178th in infant mortality, 3rd in …
A California School Teacher Speaks
Sent by P2 Shared on Facebook by a teacher in California who sees firsthand the destruction of America. “Nine hundred teachers just got laid off from the Los Angeles Unified School District. They are $650,000 over their annual budget. The …
Time to go back to flip phones..
Elixir shows off a simple camera app he built in 2 hours. The app allows him to live stream your recordings without your knowledge. h/t erie21594
Snopes gets an F for fact checking.
by Playaguy Fact check sites have become the prism through which many people see the world. If Snopes or MediaBias tells them it’s ok to think it, they do. This is one of the many examples of fact check sites failing …
Rate Hikes off the Table?
by Danielle Park It is critical to keep in mind that monetary policy changes impact the real economy at a lag of several quarters. So the tightening cycle that ran from December 2015 to December 2018 will continue to dampen global …
Investors Take Biggest Cash Position in a Decade Despite Market Rally
via CNBC: Professional investors took their highest cash positions in 10 years during January after the brutal fourth-quarter sell-off, according to the latest Bank of America Merrill Lynch Fund Mangers Survey. The pessimism was reflected in a belief that the …
FITTON:BIG: Judicial Watch lawsuit uncovers docs that show Hillary Clinton’s lawyer pressured FBI on Weiner laptop Clinton emails just before the presidential election.
by TFittonJW Huge: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-fbi-general-counsel-talked-to-hillary-clintons-lawyer-about-comeys-letter-on-weiner-laptop-clinton-emails/ (Washington, DC) – Judicial Watch announced today it received 215 pages of records from the U.S. Department of Justice revealing former FBI General Counsel James Baker discussed the investigation of Clinton-related emails on Anthony Weiner’s laptop with Clinton’s lawyer, David Kendall. Baker …
The typical tangled web of Chinese corporate ownership….Bernie Madoff with Chinese characteristics
SINGAPORE (Reuters) – The collapse in China of a complex web of debt guarantees involving several private firms highlights risks in its financial system and opens up a potentially hazardous front for an economy in the grip of its slowest …
MONEY ANXIETY INDEX – US economy topped out in 2018. The markets will soon realize this.
https://twitter.com/OccupyWisdom/status/1095279587406299136 https://twitter.com/OccupyWisdom/status/1095123331089645569 commodities fade, when macro backdrop is deteriorating, it is kind of hard to hold a cheerful narrative pic.twitter.com/a388Rrdmaa — Alastair (@StockBoardAsset) February 12, 2019 Investors with $515 billion surveyed by Bank of America Merrill Lynch aren’t convinced by …
Target app lured customers with lower prices, which mysteriously increased as users approached store
“Somebody at Target programmed in an algorithm which says someone who is 50 feet within the store is willing to pay more. The most reasonable explanation is that you just revealed your commitment to buying the product, you’re in the …
Confronted With Details Of Green New Deal, Ocasio-Cortez Claims Not To Speak English
Via The Babylon Bee WASHINGTON, D.C.—The controversial Green New Deal ran into trouble early on when an FAQ of the details was placed on Alexandria Ocasio-Cortez’s website and then pulled down after it received scrutiny. For a while her people …
THE SUCCESS OF THE EUROPEAN UNION WILL BE THE DEATH OF EUROPEAN CULTURE
by John Ward Without the retention and encouragement of natural, bottom-up cultures, the human race will sink into an abyss of bureaucratic status quo. The battle between controlling process and open-minded creativity is the war of our Age. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ Ever since …
All the ways Gen X is financially wrecked
Via Marketwatch Reality bites. While millennials garner much of the negative press around financial issues — they live with their parents because they can’t get jobs! They spend all their money on avocado toast! — Gen Xers may be the …
What to Expect if Markets Correct Next
By Harry Dent I hate to be so cynical, but the markets love to fool as many people as possible, bulls and bears alike. This is especially true at key turning points and even more so in extreme bubbles like the one …
PROTECTION RACKET: FCA Paid $77 Million in Civil Penalties to Sell Cars People Actually Want to Buy.
via thetruthaboutcars: In December, the National Highway Traffic Safety Administration (NHTSA) issued a report claiming the industry faced millions in fines from 2016 and that one manufacturer was expected to pay significant civil penalties. You can probably guess which one. But …
ROD DREHER ON ‘CULTURAL TOTALITARIANISM’
via theamericanconservative: Once you start seeing our own culture through the eyes of people who grew up under communism, you can easily observe that the left’s embrace of identity politics — including woke capitalism, academia, news and entertainment media — has …
WHEN EVEN VOX IS NOTICING: Vox: Say, AOC’s Story About The Green New Deal FAQ Doesn’t Add Up.
via hotair: Monday, both the Washington Post and the NY Times wrote articles about the appearance and disappearance of the Green New Deal FAQ. Both articles adopted the self-serving explanations of Alexandria Ocasio-Cortez’ Chief of Staff who had belatedly claimed over the weekend that the …
State of Emergency: Winter Storm Maya Will Hammer the Midwest
Winter Storm Maya will continue to hammer the Midwest and Northeast through Wednesday. Heavy snow and strong winds will impact the upper Midwest. Accumulating ice will slicken roads and may trigger power outages and tree damage. Parts of the Interstate …
THE GREEN NEW DEAL WILL MEAN TRASHING ENVIRONMENTAL LAWS
The Green New Steal…err…Deal envisages a massive and rapid transformation of society akin to mobilization for the Second World War. An under-appreciated aspect of what that means is that laws that delay projects in the name of assessing environmental impact …
NY Governor Cuomo calls for emergency meeting with President Trump! guess what he is furious about? Higher taxes
And get this, the man who cannot murder children fast enough not only wants Trump to change the deduction cap on taxes. But, wants his help to stop people from fleeing his high tax state. 800,000 people a year fleeing …