Michael Snyder – Markets Will Lose 40% to 50% on No China Trade Deal, Debt Bubble to End All Bubbles

Journalist and book author Michael Snyder says says no China trade deal will cause the stock market to “lose hope for the future.” Snyder predicts stocks will “fall at least back to its long term averages, which is 40% to 50% lower than stocks are today.” Snyder also says, “The system is failing. People that … Read more

Oil Prices are Heavily Influenced by the USD

    Source: StockCharts Brent Crude Oil Price  Brent crude oil is trading around $63 per barrel, while WTI crude oil (West Texas Intermediate) is hovering around $58.50 per barrel, both registering slightly bullish momentum in the final month of the year. The moderate gains in the price of crude oil since October have seen … Read more

[Bloomberg] U.S. Proposes Duties on $2.4 Billion of French Goods Over Tech Tax

Potential targets for duties include wine, cheese, handbags USTR exploring similar probes of Austria, Italy and Turkey https://www.bloomberg.com/news/articles/2019-12-02/u-s-proposes-2-4-billion-in-tariffs-on-france-over-digital-tax?srnd=premium-europe Edit: additional Link for Reuters: https://www.reuters.com/article/us-usa-trade-france/u-s-vows-100-tariffs-on-2-4-billion-of-french-products-over-digital-services-tax-idUSKBN1Y62HC?utm_source=reddit.com  

Despite talk of a global uptick, the indicators on global trade all point down.

Despite talk of a global uptick, the indicators on global trade all point down. @markets via @SoberLook pic.twitter.com/TVwemuAA9w — Adam Tooze (@adam_tooze) December 1, 2019 One can only anticipate a reversal in these forward looking trends to justify the “green shoots” & “ global reflation trade” memes. Today’s ISM backlogs weakening corroborated Morgan Stanley data … Read more

This Would Be The First Impeachment In History With No Established Crime

Adam Schiff’s New Impeachment Hoax Report Just Debunked By Constitutional Scholar’s Testimony At Today’s House Judicial Committee Trials Lawyer, George Washington University Professor, and legal expert Jonathan Turley in his opening statement called Nadler’s impeachment inquiry unConstitutional based on the actual debates at the Constitutional Convention during the Impeachment Pseudo-Debates today. In his opening statement, Turley mentions … Read more

About To Relive The 2007 Real Estate Crash Again?

by Chris Vermeulen of The Technical Traders Does history repeat itself?  Are price patterns and chart patterns reliable enough to suggest that a global Real Estate market collapse may be set up?  What would it take for another Real Estate collapse to take place in today’s global market? First, let’s start with this simple chart highlighting the “Bear … Read more

Central Bankers Have Declared War On Your Savings

by Andrew Moran via Mises When any one of the plethora of bubbles burst – pick your poison – and the next financial crisis impacts Wall Street and Main Street, how will the central banks and federal governments react? They have fired all their unconventional rounds of bullets, from subzero interest rates to vast money-printing . One other proposal could conceivably be … Read more

Homeless Crisis Grips Cities, NYC Accused of Relocating Families

https://www.youtube.com/watch?v=oyjNR-9JFAY&feature=emb_title Homeless Crisis Grips Cities, NYC Accused of Relocating Families The Mayor of Newark is accusing NYC of exporting its homeless population to other communities, the executive director of LA’s largest homeless services agency resigned, and a study concluded half the homeless population may suffer from TBIs.  

Iran wants US to pay $130 billion in damages for inciting riots and other ‘crimes against the nation’

Tehran has said the US should offer compensation to ordinary citizens whose lives have been damaged during the violent protests openly backed by Washington. Iranians have filed more than 360 lawsuits seeking compensation from the US for the damages caused by the widespread rioting and looting during anti-government protests, as well as for other “crimes committed … Read more