Speaker of the House Nancy Pelosi (D-CA) appears to be considering an idea Democrats have floated for several days of holding back the articles of impeachment to exercise leverage over the Senate and the president. She declined formally to transmit the articles to the Senate on Wednesday evening after the House voted to impeach President … Read more
Horowitz Examining Past FISA Applications to Determine if FBI’s ‘Basic Errors’ are Systemic. Reminder: https://twitter.com/JohnWHuber/status/1204544962366496770 JACOB SULLUM: The FBI’s Systematic Dishonesty: The problems revealed by the DOJ inspector general go far beyond “errors” and “sloppiness.” Former FBI Director James Comey initially portrayed last week’s damning report on the bureau’s investigation of alleged links between the Trump campaign and … Read more
via Forbes: A supply chain software company called Convey has done an analysis on 2.5 billion shipping events relating to tens of millions of packages shipped from over 500 thousand locations since Thanksgiving and the results are troubling to any FedEx shareholder: FedEx on-time delivery performance has dropped to 68.3% from 77.5% in the same … Read more
by The Phoenix The market is telling us that the impeachment process will go nowhere. Very early into his Presidency, Donald Trump branded the stock market’s returns as illustrating the success of his policies. Treasury Secretary Steve Mnuchin even went so far as to state that the White House views the stock market as a “report … Read more
by thered00 He was born into an elite family in New York City. He attended literally some of the most exclusive and expensive private schools in the world growing up. His parents were professors at an Ivy League school. He attended an Ivy league school then went to law school in DC before the end … Read more
By John Mauldin The Federal Reserve System is supposed to be independent. But it’s not. And as much as Donald Trump doesn’t like it, the Fed shouldn’t follow the president’s orders. The Fed operates under a legal mandate from Congress. Its monetary policy role is “to promote maximum employment, stable prices and moderate long-term interest rates.” … Read more
by Michael Snyder The global pig population is being absolutely decimated by a disease that does not have a cure. African Swine Fever, also commonly referred to as “Pig Ebola”, is raging out of control in dozens of countries all over the globe. It has a mortality rate of close to 100 percent, and once … Read more
by Charles Hugh-Smith The reckoning is coming, and everyone who counted on “eternal growth of borrowing” to stave off the reckoning is in for a big surprise. We’ve used a simple trick to keep the status quo from imploding for the past 11 years: borrow whatever it takes to keep paying the skyrocketing costs for housing, … Read more
By Wolf Richter for WOLF STREET. Companies in the S&P 500 index bought back $176 billion of their own shares in the third quarter, down 13.7% from the third quarter last year, and down 21.1% from the record share-buyback mania in Q4 2018, according to the S&P Dow Jones Indices. But hey, since the beginning of 2012, these companies … Read more
Tim Picciott of The Liberty Advisor talks with author and economic analyst at WAM John Sneisen about the Federal Reserve’s belief that they can print forever and can end recessions. The fact of the matter is, we’re already in a recession papered over, but there’s a lot more to it than that. Tim and John … Read more
Warren Wilhelm Jr. https://nypost.com/2019/12/17/jersey-cit…tion-plan/ Jersey City Mayor Steven Fulop announced Tuesday his city is joining a federal lawsuit challenging a de Blasio administration program that pays for working-class homeless New Yorkers to move across the Hudson River. Fulop made the announcement as New York City Mayor Bill de Blasio laid out a new $100 million … Read more
by visualcapitalist Hindsight is 20/20. It can be incredibly difficult to pick the “next big stock” in the moment, but looking back gives us clarity on where we could have reaped the highest rewards. While some of the decade’s chart-toppers—like Netflix and Amazon—are household names, other stocks may come as a surprise. Today’s visualization reveals the … Read more
by CryptoCapTrack
UBS strategist Francois Trahan points out U.S. corporate debt has surged by 50% over the past decade and now stands near $10 trillion. Such a jump in corporate debt would be more worrisome had it not been for the steep drop in yields, he says. But these concerns could be front and center in 2020 … Read more
via wallstreetonparade: The Federal Reserve Bank of New York (New York Fed) seems intent on stonewalling Wall Street On Parade from receiving some very basic information on JPMorgan Chase’s rapid drawdown this year on its liquid reserves at the New York Fed – a matter which some on Wall Street have fingered as a contributing cause … Read more
Silicon Valley is powering the new military-industrial complex https://t.co/8tRHxkHuu4 pic.twitter.com/uS6AbKkgYY — Businessweek (@BW) December 18, 2019
Global stocks vs global QE H/T @biancoresearch pic.twitter.com/5sajILlOpH — M/1_LP (@MI_Investments) December 18, 2019 👇 #CentralBanks #economy #Fed https://t.co/nhBO8LDV60 — Tuomas Malinen (@mtmalinen) December 18, 2019
https://www.youtube.com/watch?v=PhjOov5BVIw
Fox Business, Released on 12/18/19 Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take … Read more
