by Daisy Luther via The Organic Prepper This recall is a beast of epic proportions. You may have thought the recent apple recall was crazy but wait until you see the massive scope of this one. More than one hundred vegetable products have been recalled by Mann Packing Company because they may be contaminated with listeria. The massive recall spreads across … Read more
BY PAUL Since the most recent rate cut, we have seen the probability of further interest rates cuts by the US Federal Reserve swing from almost a 50% chance of further rate cuts in December, now to a 5.2% chance of further rate cuts from the Fed. Essentially the market is pricing in no further … Read more
by Aloiciousss Data: census.gov (1940-2010) & Zillow 2020 estimate (median housing cost) Bureau of Labor (minimum wage) Tools: Excel. Calculation is based on 40 hour workweek and does not account for taxes withheld.
by WSBConsensus via Treelon Musk twitter account.
ZURICH, Nov 8 (Reuters) – The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015. Billionaires’ wealth fell by $388 billion globally to $8.539 trillion, the UBS/PwC … Read more
(Bloomberg Opinion) — Everything is awesome in financial markets. The sense that a trade deal may finally be on the cards sent stocks and crude soaring in the U.S. Thursday, while flight-to-safety trades such as bonds and gold slumped. Both sides seem to be moving toward a phase one agreement that would involve jointly reducing tariffs … Read more
by mishtalk A handful of chart by Albert Edwards at Society General suggests a recession is long overdue. The following snips are courtesy of Albert Edwards at Society General Unit Business Costs and a Profit Squeeze Aside from payrolls, the economic data has certainly been lukewarm. So that rapid payroll growth spells dire productivity growth. … Read more
Speaking at the New Orleans Investment conference, Danielle DiMartino Booth, expert US Federal Reserve critic, as well as CEO and chief strategist of Quill Intelligence, told attendees that significant indicators are pointing to a looming financial crisis in the US and abroad. Despite the Federal Reserve cutting interest rates three times in four months, DiMartino … Read more
The Federal Reserve has been pumping billions into the financial system after the mid-September tumult in very short-term lending markets known as repo. As the central bank’s balance sheet has expanded, the S&P 500 has grown at almost the exact pace. Some on Wall Street worry that the market is back to depending on the … Read more
via wallstreetonparade: Jelena McWilliams is a Trump appointee who currently serves as the Chairwoman of the Federal Deposit Insurance Corporation (FDIC), the federal agency responsible for insuring the deposits of commercial banks and savings associations in the United States. McWilliams also knows her way around Wall Street. Her resume at the FDIC states that “Before entering public service, … Read more
In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid running out of money. This is the story of Adam Neumann, Softbank’s risky investment, a failed IPO and how we got here.
by Mike Shedlock Economists debate whether the decline in productivity is real. It is real. let’s investigate 10 reasons why. Productivity Measurement Brookings questions the Productivity Slump. It cites measurement issues. Much of the recent debate, and related research, on productivity measurement issues has focused on this decline in productivity in the U.S. Predating the financial … Read more
Wall St. For Main St., Released on 11/7/19 Despite the NY Fed disclosing recently that Repo Madness averages (means that some days it’s a lot higher) $190 billion dollars per day and not $120 billion dollars per day, the US Dollar Index is rallying and back over 98. The Fed’s official balance sheet increased another … Read more
via morningporridge: Stock Markets are staging a Melt-up! China and the US have agreed to roll back sanctions. Whoopee! Everything is fine and dandy. No… it’s not. Might be time to hedge with some puts. As stocks as soared, bonds suffered. Earlier this week I asked a number of clients for their predictions on markets in 2020 … Read more
https://www.youtube.com/watch?v=mSR99Y0EkHo Chris Enloe from The Blaze reports, The Democrat-led House impeachment inquiry targeting President Donald Trump is driving the national discourse thanks in part to the amount of coverage the mainstream media is dedicating to it. Read More/Source/Credit/FairUse: https://www.theblaze.com/news/nbc-ask…
Authorities find Chinese-made spy gear, which may have been installed at U.S. military facilities and even Navy ships. One America’s Kristian Rouz looks into the matter.
To try and comprehend how billions in interlinked financial products pans out is hard to describe. One thing for sure, it will all end in tears. The stewards of our money have sold out the country and robbed it blind. James
By Julianne Geiger Saudi Arabia is hitting up its wealthy citizens to buy stock in the Saudi Aramco IPO, Bloomberg sources with knowledge of the matter said on Thursday. The citizens Saudi Arabia is asking include the wealthy Olayan family—which has existing Aramco ties–as well as Prince Alwaleed Bin Talal who in 2017 ranked as the 45th richest … Read more
