by Troy The stock market’s nonstop rally is slowing down, with the S&P 500 below its 10 day moving average for the first time in 41 days. The short-medium term outlook is mixed right now, with neither bulls nor bears having a strong edge (although there is a slight short term bearish lean). Meanwhile, there’s … Read more
By Tsvetana Paraskova The all-time high U.S. crude oil exports have been pushing demand and rates for very large crude carriers (VLCCs) higher since the middle of February as American exports are attractive thanks to the wide Brent-WTI spread in recent weeks. Rates for the supertankers, VLCCs, capable of carrying up to 2 million barrels … Read more
The [CB] is rapidly imploding on itself. Trump is pushing ahead with the transition and needs to complete most of it before the [CB] really starts to accelerate the downside. From all the indicators it is rapidly falling apart. The [CB] is designed to enrich the wealthy and hurt the younger generation, this is about … Read more
A company spokesperson stated that the decision is a result of the bank’s ongoing evaluations of the costs and benefits of serving different industries. This decision follows a statement from Wells Fargo last year that WFC had begun limiting credit exposure to the private prison industry and had ceased actively marketing to that sector. … Read more
via @mcm_ct: US stocks are the most overvalued ever, higher than prior speculative mania market peaks in 1929 & 2000 1. Price to Sales 2. Price to Book 3. Enterprise Value to Sales 4. Enterprise Value to EBITDA 5. Price to Earnings 6. Enterprise Value to Free Cash Flow h/t @TaviCosta Some pretty negative … Read more
similar warnings from last fall – this time, the outlook is worse pic.twitter.com/YlpYqyeb4q — Alastair (@StockBoardAsset) March 6, 2019 global earnings growth in freefall pic.twitter.com/dEqLdqnqfI — Alastair (@StockBoardAsset) March 6, 2019 pic.twitter.com/0L4sq5UW45 — Alastair (@StockBoardAsset) March 6, 2019 BIS WARNS OF CORPORATE BOND CRASH RISK FROM ABRUPT RATINGS CUTS — zerohedge (@zerohedge) March 5, 2019 … Read more
The opposite – they point to a significant trade disagreement! https://t.co/bUMkHB4kqS — mcm-ct.com (@mcm_ct) March 5, 2019
by Michael Snyder We now have official confirmation that the U.S. economy has dramatically slowed down. In recent days I have shared a whole bunch of numbers with my readers that clearly demonstrate that a new economic downturn has begun. And even though stock prices have been rising, the numbers for the “real economy” have been depressingly bad lately. … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Inventory continues to surge. Potential buyers move on. Here is the good news: Lower prices stir sales. Clearly, homebuilders are motivated to move their inventory, and they’re making deals at lower prices. The median price of new single-family houses whose sales closed in December fell 7.2% from a year earlier, to … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Orders for Class-8 trucks – made by Daimler (Freightliner, Western Star), Paccar (Peterbuilt, Kenworth), Navistar International, and Volvo Group (Mack Trucks, Volvo Trucks) – plunged 58% in February compared to February last year, to 16,700 orders, according to FTR Transportation Intelligence after they’d already plunged 58% year-over-year in January and 43% in December. … Read more
by Michael Snyder Is this a sign of what is coming for the rest of the nation? In Martin County, Kentucky times are very tough right now. Thanks to severe budget cutbacks, there are only two paid law enforcement officers covering a deeply impoverished 231-square-mile area that sits right in the heart of America’s raging … Read more
via visualcapitalist: Imagine being an investor in Microsoft at the time of the company’s IPO in 1986. Or better yet, buying Amazon shares while it was still just an aspiring online book store in the late 1990s. Chances to be an early adopter in the next billion-dollar industry are far and few in between – but … Read more
by howmuch Amazon backed out of its plans to build an office in New York, citing the pushback and criticism from politicians like Alexandria Ocasio-Cortez. Even if some people are still hoping Amazon will reconsider, the entire idea behind bringing Amazon to Queens, NY was for job creation. Getting a job working on computers is supposed to be a lucrative … Read more
President Trump signs an executive order creating a task force to address and help prevent veterans from hurting themselves
Trudeau and Macron are both Rothschild test tube babies. AC
By Tsvetana Paraskova China is currently holding around 1,600 Tesla Model 3s at the customs in Shanghai and the customs authority has issued a notice prohibiting the sale of any Model 3 already imported in China because some vehicles have been found to lack proper labeling to make them legal on the Chinese market, financial … Read more
via forbes: Not bearing the burden. At $4 trillion, Germany’s economy is a fifth the size of America’s. But Germany’s military budget isn’t a fifth of America’s military spending. It isn’t even a tenth. In recent years Berlin has spent 1.1% of its GDP on defense compared with over 3% for the U.S. Under prodding from … Read more
Skip to 50 seconds for the report Pam Key from Breitbart reports, This week “Rolling Stone” Magazine released video to promote their cover story featuring Speaker of the House Nancy Pelosi (D-CA), Rep. Alexandria Ocasio-Cortez (D-NY), Rep. Ilhan Omar (D-MN) and Rep. Jahana Hayes (D-CT). Read More/Source/Credit/FairUse: https://www.breitbart.com/clips/2019/… h/t supporter
Kelsey Bolar joined The Evening Edit on March 4, 2019, to discuss the Democrats’ investigations on Trump.
by Deplorable Patriot One of Qanons recent Qposts was a link to a video that was about the “Walkaway” campaign. In the title it had “the Great Awakening”. (I’m not providing the link because I do not want to give it anymore exposure. Just enough to pull its covers). The guy in the video talked about how he … Read more
by Tom Luongo With the U.S.’s attempt at regime change in Venezuela going nowhere fast it’s becoming increasingly obvious that major vassals allies aren’t scared of the consequences of defying us. India, in particular, has been quite clear in its opposition to Trump’s edicts on who they can and cannot trade with. And with Prime Minister Narendra Modi … Read more
via washingtonexaminer: To be more specific, the average tax refund has increased to $3,143 from $3,103 last February, according to cumulative statistics comparing the 2018 and 2019 filing seasons. Oddly enough, certain newsrooms have responded to this development with total silence. I say “odd,” because it was just a few weeks ago that these same … Read more
by: Stefan Gleason The $22 trillion official national debt is a much discussed problem, even as politicians exhibit zero motivation to do anything about it. But as big an economic overhang as it is, government debt isn’t likely to trigger the next financial crisis. Yes, servicing the growing federal debt bubble will depress GDP growth, cause … Read more
by Jim Quinn “If you have been voting for politicians who promise to give you goodies at someone else’s expense, then you have no right to complain when they take your money and give it to someone else, including themselves.” ― Thomas Sowell “The fact that so many successful politicians are such shameless liars is not only … Read more
This article was written by Tom Chatham and originally published at Project Chesapeake It is common place today to hear of people living paycheck to paycheck. If so many people are living so close to the edge one must ask why? There are many reasons why someone might be in financial distress but one looming question … Read more