We’re heading into an uncertain, uneasy environment, says Larry Summers
Larry Summers, former treasury secretary and former economic council director, joins CNBC’s “Closing Bell” to talk about his take on the Fed rate hike.
That’s Just …Disgusting
by Chris I know I should not be surprised by this on CNBC, but still, I found its shamelessness staggering… https://www.cnbc.com/2018/12/20/cramer-fed-rate-hikes-widen-wealth-gap-b… From the article: CNBC’s Jim Cramer, a critic for months of the Federal Reserve’s path higher for interest rates, …
Stock Market Drawdowns – (year-to-date peak to present)
via @Hedgeye: -6% -8% -12% -13% -14% -15% -15% -15% -16% -16% -16% -17% -19% -19% -19% -21% -22% -24% -24% -29% -31% Global equity market capitalization hit new lows today. 1/28/2018: $87 trillion 12/20/2018: $70 trillion In other …
Stocks that are Rising/Falling And Why (20 December 2018)
by NaturalHedgehog Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging! Below …
The ghosts of 2007 are all around us
NEW YORK (Reuters) – There is no more mistletoe hanging above the markets. The romance U.S. fund investors once had with the stock market was put to rest in 2018 when buy the dip turned into sell the rip. …
Triple-amputee veteran creates GoFundMe fundraiser for border wall
by Dr. Eowyn President Ronald Reagan famously said “Trust, but verify” — a Russian proverb — at the signing of the nuclear disarmament Intermediate-Range Nuclear Forces Treaty with the Soviet Union on December 8, 1987. This post is an …
“Automatic Pilot”: Mish Shedlock Attempts to Figure Out What the Fed Is Trying to Say
via mishtalk: The market did not seem to like statements Jerome Powel made following the FOMC announcement. Head Scratching There's head scratching over whether today is hawkish or dovish, given SPX is falling. Equities may be trading on Powell's more cautious …
Fed Rate Hike Will Cost Americans $2.4B in Additional Credit Card Debt Interest
via MarketWatch: If you have credit-card debt, it just got a little more expensive. The Federal Reserve on Wednesday once again raised its benchmark federal funds rate — having already done so earlier this year — as many economists had expected. …
MSNBC Has a DANGEROUS New Trump Narrative They’re Pushing That Could End America As We Know it
Curtis Houck for NewsBusters reports, On MSNBC’s Hardball with Chris Matthews, two separate MSNBC panelists suggested that not only did then-candidate Donald Trump’s hush money payments to Stormy Daniels and Karen McDougal “[rob] the American people of their right to …
The Single Largest Gold Stockpile in the World Is Underneath New York City
via Yahoo: About 80 feet below Wall Street lies about 6,350 tons of gold, made up of about 508,000 bars, that are collectively worth hundreds of billions of dollars. According to ‘Key to the Gold Vault,’ a Federal Reserve Bank of New York (FRBNY) …
Swedish Central Bank Surprises With First Rate Hike in 7 Years… to -0.25%
via Bloomberg: For the first time in seven years, the Swedish central bank raised interest rates, surprising many in the market as policy makers chose to focus on low unemployment instead of an uncertain outlook driven by global trade conflicts. …
What Investors Get Wrong About the Yield Curve
by Daniel Carter The yield curve is collapsing once again, and that has many investors talking about what it means for the US economy. Overwhelmingly, the sentiment is that a flattening yield curve is bad for the economy, and an inverted …
Why generation-Y does not believe in Free Speech
The reason why generation Y does not believe in Free Speech https://www.youtube.com/watch?v=8iHmW4eKSHo
Some takeaways from the 5g Round-table in DC
Not matter if we like it or not, 5g is coming – but what could be some of the effects of 5g to those that are exposed to it. Those questions recently came up on a roundabout in Washington DC …
T-Minus 10 and Counting: 10Y/2Y Yield Curve Inversion Less Than 10 Basis Points Away
by confoundedinterest The US Treasury 10Y-2Y slope just breached the 10 basis point barrier. And with that, gold is rising. Yes, we are on the inversion express. With gold as the protection. All aboard! Jerome Powell is engineer.
Why the Left Is More Formidable Than You Think
by Daniel Carter Portrait while in Prussian service, by Karl Wilhelm Wach Hostilities between left and right grow daily in the United States. All it takes is a brief glance at history to see that these hostilities could eventually devolve into civil …
Will the US Really Withdraw from Syria?
by Daniel Carter In a somewhat stunning turn of events, it was announced yesterday that Trump has ordered a full troop withdraw from Syria. Here is what President Trump had to say on the matter: We have defeated ISIS in Syria, …
Boom! No Santa Rally For You!
by Chris Well, after some very heroic overnight futures lifting, and then many shuffles across SPX 2500 as “The Dance of the Big, Round Number” dutifully plays out, the US equity markets are once more headed down in earnest. There …
Strap in folks. It’s a looong way down from here.
by Adam Taggart In my earlier piece this year A Hard Rain’s a-Gonna Fall, I recounted how David Tepper accurately predicted the massive ramp in asset prices that the Fed (and its brethren central banks) would cause with their QE efforts: As …
From the nearby highs, the SPX is -14.7%, Russell 2000 is -22.5%, Oil is -39.1%, Copper is -18.0%.
From the nearby highs, the SPX is -14.7%, Russell 2000 is -22.5%, Oil is -39.1%, Copper is -18.0%. It's not just the stock market. All markets are flashing a yellow flag on the economy. Investors clearly not aligned with the …
It Is Here – IMF Just Broke The Markets World Wide
William Mount Published on Dec 19, 2018 We should pull our troops out of all the other countries were in. We should stop meddling in other countries affairs. We should stop policing the world. Yes the old system is breaking …
“We’ve been sitting on the evidence of EMR causing chronic diseases for decades … now we’re seeing the epidemics such as diabetes … 1 in 3 children. The closer you live to a cell tower, the higher your blood glucose levels” – MD
by zenmasterzen3 Barrie Trower has been warning of the health implications of WIFI/mobile phone radiation for a DECADE. This is using evidence that was known in the 1960s, when he was a British navy spook. The spooks have allowed …
These 8 Red Flags Warn Us We’re Speeding Toward an Economic Collapse RIGHT NOW
by Daisy Luther This isn’t exactly an article loaded with Christmas cheer, but there’s a very good reason that my family has strictly limited our holiday splurges this year. It’s because all the signs right now seem to indicate the …
The mystery of RussiaGate. The big one of our time.
by Fabius Maximus Summary: The great mystery of RussiaGate is why anyone believes it makes sense. The pieces of the puzzle did not form a picture during the election. Despite vast amounts of new information, they did not form a picture …
Hypocritical left call for boycott of Tucker Carlson, ignore racist/homophobic comments by lefty pundits
by DCG Of course proggies are calling for a boycott of Fox News’ Tucker Carlson but they said absolutely NOTHING about Don Lemon’s blatantly racist comments or MSNBC’s Mika Brzezinski homophobic slurs to attack Mike Pompeo. So typical of their double …
Budweiser to explore cannabis drinks
From CBS News: The maker of Budweiser is partnering with medical cannabis company Tilray in a $100 million deal to research cannabis-infused drinks for the Canadian market. The alliance announced Wednesday is the latest foray by a major beer company into …
The Elites Haven’t Faced Consequences; Brennan, Comey, Clapper, Rice All Lied
via realclearpolitics: Historian Victor Davis Hanson said there has been no consequences for the wrongdoing by elites in society and warned that republics and successful states fall apart when the elites fall out of touch with the people. “We have …
Continued American Occupation of the Middle East Does Not Suppress Terrorism, It Causes It
by axolotl_peyotl Craig Murray is one of the few folks with a voice that has the courage to make such an obvious statement. via craigmurray: The chaos of this incoherent and counterproductive strategy is, peculiarly enough, what the neocons actually …
Court Docs In Lawsuit Against Buzzfeed Reveal That Paul Ryan’s Chief Of Staff Received A Copy Of The Piss Dossier Directly From Christopher Steele
by sundance From research we know what is known as the “Steele Dossier” was a collaborative effort between Fusion-GPS contract employee Nellie Ohr, and a British intelligence asset named Chris Steele; also hired by Fusion. According to inferred congressional testimony, Nellie Ohr’s …
Hilary Clinton is given a free pass with multiple crimes, but trump, who has done nothing illegal, is constantly harassed in an effort to uncover dirt.
Obviously there are two sets of rules. One for the ruling class, and one for the rest of us. And now you see who really pulls the strings behind the curtain. IG report FBI agents talking about Clinton’s IT …