by Fabius Maximus Summary: During the past decade we have deployed our most skilled warriors and most advanced technology in a massive assassination program with few precedents in history. This put the power of evolution to work for our foes. It is called the Darwinian Ratchet, a well-known concept in science and proven in war. I … Read more
by WARREN MOSLER Deeper into contraction: The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The December PMI® registered 47.2 percent, a decrease of 0.9 percentage point from the November reading of 48.1 percent. This is the PMI®’s lowest reading since June … Read more
by northmantrader Recently an annual ritual took place. Wall Street analysts setting year end price targets for the S&P 500 for the new year. Don’t act surprised but these latest price targets are higher for 2020. Why is it not a surprise? Because Wall Street always projects higher price targets. No matter what. And Wall … Read more
by DCG Demorats have their panties in a wad over President Trump ordering the drone killing of Iranian militia terrorist, Qasem Soleimani. As noted by Ben Shapiro, “According to Democrats, giving the Iranian terror regime access to hundreds of billions of dollars with no restrictions on terror use or ballistic missile testing was good, and killing the terrorist responsible for … Read more
Mike & Half Dollar are your hosts for Silver Doctors Live. We currently live-stream on Mondays, Wednesdays and Fridays at 11:00 a.m. EST. Watch the show live, or the replay of it, in its entirety below! Link to the Silver Doctors YouTube Channel if needed: https://www.youtube.com/silverdoctors Trump just ordered a strike that killed Iran’s top general, and then Trump … Read more
via Zerohedge The Fed’s charter prohibits it from directly purchasing bonds or bills issued by the US Treasury: that process is also known as monetization and various Fed chairs have repeatedly testified under oath to Congress that the Fed does not do it. Of course, the alternative is what is known as “Helicopter Money”, when … Read more
by Simon Black Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. Professor Blames Private Property for California Wildfires A public takeover of utility companies is not enough, according to Kian Goh, Professor of … Read more
Iran’s response to Soleimani’s killing is certain to be devastating and the intention will be to inflict heavy casualties on American personnel regionally. Trump’s gambit may have put his re-election bid in serious jeopardy. Iran’s choice is going to be to wage an asymmetrical war. Tehran will settle for nothing less than American withdrawal from … Read more
by Gor Mkrtchian via Mises Free marketeers have rightly written many refutations of the minimum wage. However, it’s difficult to beat something with nothing, and so this article will outline major ways in which wages actually rise: through capital accumulation and the honing of skills that others value. What Determines Wages? Before looking at how wages can increase, what … Read more
Last week, I reported that, despite record illegal immigration draining resources in the states, 15 GOP governors requested refugee resettlement, after the State Department required their consent in order for contractors to begin resettling in a given jurisdiction. Now, as conservatives remain complacent in this fight, 18 GOP governors have requested resettlement: Kim Reynolds of … Read more
Now there’s a report of an explosion to the west of Sinjar Iraq — Air & Sea Intel (@air_intel) January 3, 2020
from Zero Hedge Reuters reports Wednesday that bird flu, also called avian influenza, has been detected in Europe’s largest poultry producers, located in eastern Poland. Reuters, citing local media reports, said up to 40,000 turkeys could be culled in the coming days to prevent a further outbreak. This is the first outbreak of the bird flu since … Read more
via creditbubblebulletin It cannot be overstated: Bubbles are of paramount importance – for markets, finance more generally, economies, and social and geopolitical stability. Two U.S. bursting episodes over the past twenty years would seem to make this proposition indisputable. I would add that Bubble Dynamics have never been more pertinent than they became over the past … Read more
by Econimica 2019 was another “rung” in the ongoing bull market. The trifecta of a resumption of QE, interest rate cuts, and a flood of federal debt coupled with ongoing stock buybacks and corporate tax cuts all fueled an asset explosion. But the Census Bureau was kind enough to release their 2019 data (HERE), and it … Read more
via tomluongo When I wrote that the coup against President Trump had morphed into a Civil War, I wasn’t kidding. The sham impeachment created the perfect environment for the Democrats and Republicans to get something definitive from him by playing the House and the Senate off each other. With the Senate Neocon Occupied Territory the escalation of belligerence since … Read more
By David Stockman New Federal Reserve data shows commercial and industrial loan growth weakened in 2H19, an indication the industrial recession continues to plague the overall US economy. C&I loans rose 1.6% in Dec. to $2.4 trillion, with most of the growth seen in the first half of the year. As for 2H19, no “green shoots” have … Read more
