by Chris If you were in a “”market”” where each and every day some major player stepped in to either cap prices (gold/silver) or put very firm floors under each selling moment, making V-bottoms at every slight decline, eventually you’d find that price discovery is utterly destroyed. This is where we find ourselves. After a … Read more
by Chris Here’s an update an hour later. The “”markets”” remain in full lock-up mode. There have been a lot of ridiculous days of obviously stage-managed US equity “”markets”” but today is shaping up to be one of the more blatant examples. And it’s got some stiff competition. Not so coincidentally, Powell is busy answering … Read more
Authored by Charles Hugh Smith via OfTwoMinds blog, It was always folly to believe that inflating asset bubbles could solve the structural problems of a post-industrial economy. The Doomsday Scenario for the stock and housing bubbles is simple: the Fed’s magic fails. When dropping interest rates to zero and flooding the financial sector with loose money … Read more
by yellowsnow2 No government agency has ever analyzed Hillary’s server. https://thehill.com/policy/national-security/312767-fbi-never-examined-hacked-dnc-servers-report Also there is proof the FBI had a lapse in the chain of custody of the server for over a month. Link to FBI FOIA in the article. https://www.inquisitr.com/4892697/wikileaks-reveals-fbi-lost-chain-of-custody-on-clinton-email-server-for-five-weeks/ The fact is there is zero proof the emails were hacked by Russia. Assange has said the … Read more
by jessefelder “Even the most circumspect friend of the market would concede that the volume of brokers’ loans—of loans collateraled by the securities purchased on margin—is a good index of the volume of speculation.” -John Kenneth Galbraith, The Great Crash, 1929 January margin debt figures were recently released (chart below via dshort.com) and almost immediately prominent pundits jumped … Read more
FULL STORY AND DOCS: • Insider, Formerly Responsible for Content Review in Facebook’s Intellectual Property Dept Speaks Out, Loses Job • Facebook Engineers Plan to “demote bad content” • Conservative Facebook Page Livestreams Secretly “deboosted,” No Notice to Page Owners • Facebook Can Classify Users as Trolls Based on Their Vocabulary, Then Punish By Limiting … Read more
by WARREN MOSLER Chinese state company defaults offshore, first time in 20 years (FT) A Chinese state-owned enterprise from the country’s remote north-west has failed to repay a US dollar bond in Hong Kong, the first offshore default in 20 years and the latest sign investors can no longer rely on Chinese authorities to bail out state groups. … Read more
The rat is shredded..4 MIN What A Circus. It’s as if there is an agenda to take down 45 at any means necessary… https://www.youtube.com/watch?v=a1ETu3m-hfk https://youtu.be/mbt71TvJQGo Even CNN viewers Don’t believe Cohen A CNN panel said Michael Cohen made a false claim Wednesday when he said he never wanted a job in the Trump White House during … Read more
By Patrick Watson Many people are worried socialism will take over the US. They’re sure it will be awful. Socialism can mean many things. You hear it applied to state-dominated economies as varied as Venezuela, Norway, and China. I suspect Karl Marx wouldn’t consider any of those socialist. Whatever the particulars, these fears would be groundless if … Read more
via mises: “We can’t take it anymore,” proclaims the economist and media sensation Javier Milei from his Twitter account. He is not alone. It all started a few weeks ago with a “ Twittazo ” inviting people to protest against the high taxes and the huge public spending. The hashtag #BajenLosImpuestos (lower taxes) quickly became a trending topic. On March … Read more
via mishtalk: The yield curve is inverted in 11 different spots. The latest is 5-year to 3-month inversion. The yield curve recession signal is louder and louder. Inversions are persistent and growing. Let’s compare the spreads today to that of December 18, the start of the December 2018 FOMC meeting. Yield Curve 2019-02-26 vs December and … Read more
via upfina: The stock market is at a very interesting juncture because its rally has been impenetrable despite the global economic slowdown. The 20% decline late last year probably wasn’t warranted because there are few signs America is headed for a recession. The trade war cooling off and the dovish Fed have also acted as positive … Read more
Like 2007/08 retail investors raising cash. Chart from TheDailyShot pic.twitter.com/vih4pQ5bI2 — Stephen Blumenthal (@SBlumenthalCMG) February 27, 2019 Most share buybacks are done at the top of the market. Perhaps we should view CEO resignations in the same light. Chief executives tend to like to go out at the top of their game. Perhaps their resignations … Read more
by Shaun Richards Today brings the economy of the Euro area into focus and to my mind yesterday brought us something to consider so let me hand you over to Statistics Netherlands. In January 2019, prices of owner-occupied dwellings (excluding new constructions) were on average 8.7 percent higher than in the same month last year. … Read more
Leftists: Everything free except speech. AC
by Dessert42 Proof of CNN manipulating the truth from its audiences. Watch out for this carefully because propaganda will become stronger as we get closer to 2020! Don’t forget media itself is propaganda as Zizek would say. Here’s some more: https://twitter.com/CNN/status/1100201107471646720 https://elections2018.news.baltimoresun.com/primary/baltimore-county/county-council/district-1/sheila-ruth/ Relevant links: https://twitter.com/FaerieWhings/status/1100409444200902656 https://www.pastemagazine.com/articles/2019/02/did-cnn-stack-the-audience-for-bernies-town-hall-l.html Monday night, Bernie Sanders did a town hall on … Read more
Housing is falling apart, the entire market was built on an illusion and it was designed to pop at a certain point, with the Fed raising the rates back in 2016 it pushed the housing market to the edge. The MSM was reporting that we were headed towards a recession, now that the Fed backtracked … Read more
by Playaguy In a surprise to no one, this ‘revelation’ comes on the hells of a report that Facebook’s ‘fact checkers’ are having mental breakdowns. Report: Facebook Eliminates… by on Scribd
Cohen is going to testify before congress which is ethically wrong.Supreme court rules that rulings from dead federal judges cannot stand. White House will veto the gun bill. Afghanistan peace talks are moving in the right direction. The Iranian nuclear architect resigns. Q drops more bread.
Jim Hoft from The GAteway Pundit reports, Rep. Eric Swalwell (D-CA) is a leading liberal voice behind the Trump-Russia collusion fairy tale. For two years Swalwell has pushed the conspiracy on cable news. https://www.youtube.com/watch?v=UJ27LjoUsQI Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…
by Spencer P Morrison, NEE Legend says a humble French scribe named Nicolas Flamel (d.1418) discovered the philosopher’s stone—the alchemical secret to physical transmutation. To immortality itself. After turning a half-pound of mercury into gold, fear consumed Flamel: what man could resist the temptations of unlimited wealth and immortality? In a show of Christian humility, Flamel hid … Read more
Money manager Michael Pento gives his simple economic road map. Pento says, “We’re going to have one final whoosh down in stock prices and in the economy. That’s going to bring Jerome Powell (Fed Head) back to 0% interest rates and back into QE (money printing), and then it is intractable inflation for as far … Read more
That’s a BOOM! More Global Warming fails: Los Angeles has coldest Feb. in 60 years Record Breaking Snow totals in UP Michigan as “Global Warming takes hold” sarc! You are an Idiot Al Gore! Calumet (Tamarack Loc.) hit 305″ of snow for the season. 1.27.19 – Calumet (Tamarack Loc.) hit 200.8″ of snow for … Read more
RICHARD COHEN: Democrats Are Wrapping a Gift for Trump. Democratic socialist ideas appear to be making significant headway in the party. The Democratic part is fine, the socialism part is not. It suggests a massive government intrusion in the economy that has not worked elsewhere — post-war Great Britain or that contemporary mess called Venezuela — … Read more