by Egon von Greyerz The world financial system has been in a euphoric state since 2009. It seems that the Keynesians, like Krugman or the Modern Money Theorists (MMT) are right after all. All asset markets are near the highs and show little sign of changing direction. As Treasury Secretary Mellon said in September 1929: “There … Read more
via Zerohedge: The slowdown in global trade began many quarters before the Trump administration launched a trade war with China last May. The primary cause of the downturn is sharp declines in intra-Asian trade – mostly due to China’s deteriorating economy. While equity markets around the world have soared in the last several months from “trade optimism,” any deal between Washington and Beijing may … Read more
via CNBC: “The stock market was and still is in a bear market,” the founder and chief executive officer of Doubleline Capital said in an investor webcast on Tuesday. Gundlach said stocks could go negative again in 2019. He credited the market rebound to the “180-degree turn” from the Federal Reserve. After a stellar rebound, Jeffrey … Read more
House of Commons votes 312 to 308 to approve Amendment (a) to the #NoDealBrexit debate motion. This amendment explicitly rejects leaving the #EU without a #WithdrawalAgreement and Framework for the Future Relationship. pic.twitter.com/0vjqcCxNWR — UK House of Commons (@HouseofCommons) March 13, 2019 "The ayes have it" U.K. Parliament votes against a no-deal Brexit by a … Read more
Matt from Silver Fortune interviewed by Elijah Johnson of Silver Doctors Gold and silver have undergone a significant downturn the last few weeks. But with the Fed continuing in an easing direction, Matt from Silver Fortune is still bullish. Matt thinks as soon as gold moves above $1400, silver will take off. An economic crisis is ahead, Matt says. He outlines … Read more
by Martin Armstrong Most employers provide vacation and sick leave. However, most employers do not allow sick days to roll over from one year to the next. The norm is to often cap at a certain number of days or hours. In the private sector, most employers do not allow employees to accumulate sick leave. Paid sick … Read more
by NotNolan Lisa Page confirmed to John Ratcliffe under oath that the FBI was ordered by the Obama DOJ not to consider charging Hillary Clinton for gross negligence in the handling of classified information. THESE PEOPLE ARE SICK.
by Brandon Smith via Alt-Market For a few years now, since at least 2014, the phrase “global economic reset” has been circulating in the financial world. This phrase is used primarily by globalist institutions like the International Monetary Fund (IMF) to describe an event in which the current system as we know it will either die out or … Read more
Via The Babylon Bee NEW YORK, NY—Fox News executives reportedly called an emergency meeting Tuesday morning amid a controversy involving old, offensive comments made by star political pundit Tucker Carlson. According to insiders, leaders of the news organization are “extremely worried” over the possibility of losing the far left demographic that is threatening to boycott … Read more
by TrailDust Did Tech Giants Strike Again? REAL.VIDEO IS GONE I looked to real.video today to catch some alternatives to the stuff on Youtube, and I found this! So my thoughts on this matter run in the direction of the sinister hand that tried this past year to kill FellowshipOfTheMinds.com. It may be that this was just … Read more
via PJ As a child my first concept of prepping was a basement in a large log cabin sort of house in which lived some friends of our family. The stairs in the house were wooden and unfinished, the type you might see on an outdoor deck or patio. I could see beneath them as I … Read more
As Democrats in Congress refuse to secure the US southern border, the cost of illegal immigration continues to mount. The United States spends over $268 billion dollars a year supporting illegal aliens. That money covers expenses such as healthcare, education, childcare, the justice system, and welfare—forcing US taxpayers to shell out $734 million dollars every … Read more
By Irina Slav Earlier this month when pipeline operator Enbridge said its Line 3 pipeline will only return to operation in the second half of 2020, it was very bad news for Alberta. Producers in Alberta will have been hoping to start boosting production again once the government-instituted cuts expired at the end of this … Read more
https://twitter.com/hks55/status/1105869671474040833 I've done academic research on econ. growth for over 15 years, but I've never seen anything like this. The stagnated global productivity growth tells that something is seriously wrong in the world #economy . Why and what: https://t.co/qYfq55IsK2https://t.co/nGdvimiScd pic.twitter.com/O8ggSyuK30 — Tuomas Malinen (@mtmalinen) March 13, 2019 https://twitter.com/OccupyWisdom/status/1105537296865071104 Don't mind the gap…@OccupyWisdom@TheBubbleBubble@NorthmanTrader$DJIA $INDU $QQQ $SPX … Read more
Gowdy asks her if there was a fear someone other than Andy would occupy that seat. Ms. Page then declines to answer the question.. WTF?! h/t Diotima245
by Simon Black Turns out Congressmen make a lot of money… A study found that while the average American’s net worth increased 3.7% per year between 2004-2012, members of Congress averaged 15.4% annual gains. That high level of pay means half the members of Congress are millionaires today… and continue to collect their $174,000 annual salary. … Read more
NBC News notes in a recent article that the faces of millions of people are being used without their consent to program facial recognition software that could one day be used to spy on them. In an article titled “Facial Recognition’s ‘Dirty Little Secret’: Millions of Online Photos Scraped Without Consent,” NBC News discusses the … Read more
by NostraGREEDamus https://youtu.be/QljG9g3pZ4A M(eta): The video captures the sentiment of 2008 perfectly. This will happen all over again. General Electric is bankrupt: They have been cooking the books for 30 years. GE has negative cashflow aka insolvency and generally being out of fucking money. GE used to be the biggest corporation in USA also is … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter And other juicy banking nuggets. Net income in Q4 2018 among all 5,406 FDIC-insured banks and thrifts more than doubled year-over-year to $59 billion, due to “higher net operating revenue” and “lower income tax expenses”; and full-year net income rose 44% to $237 billion, the FDIC reported today in its Quarterly Banking … Read more
Don't laugh, the Fed is probably studying this….🙄 pic.twitter.com/Jv54WT3bkk — M/1_LP (@MI_Investments) March 13, 2019
via CNBC: J.P. Morgan is expanding into nine new U.S. markets as it fills gaps in its network of physical locations. Bank of America or Wells Fargo are a top lender in seven of those nine cities, according to Federal Deposit Insurance Corporation data. The new markets are Charlotte and Raleigh, North Carolina; Greenville, South … Read more
via advisorperspectives: The Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the year-over-year inflation rate at 1.52%. It is substantially below the 3.76% average since the end of the Second World War and above its 10-year moving average, now at 1.58%. For a comparison of headline inflation with core inflation, which is based … Read more
via federalreserve: The Federal Reserve Board on Tuesday announced that it is prohibiting Tim Leissner and Ng Chong Hwa, also known as Roger Ng, from the banking industry for their participation in a scheme to illegally divert billions of dollars from a Malaysian sovereign wealth fund. Leissner was also fined $1.42 million and consented to the … Read more
via investmenteurope: Global debt levels have become “higher and riskier” than that of a decade ago, meaning that “another credit downturn may be inevitable”, S&P Global Ratings has warned. In a report entitled Next Debt Crisis: Will Liquidity Hold?, published on Tuesday (12 March), S&P found global debt has surged by around 50% since the 2008 Global … Read more