by John Adams of Adams Economics and Martin North via In The Interests Of The People This week Australia’s Central Bank Governor Philip Lowe spoke to Australia’s National Press Club about the state of the Australian and global economy, the state of the Australian banking system and the future direction for Australian interest rates. The Governor’s speech and the subsequent Q&A was … Read more
https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf. Edit: 65 and up. My professor just introduced this to us. Insane. h/t HeyMyNamesMatt
via sentimentrader: Fear is slipping Even while the S&P 500 remains below its 200-day average, the VIX has slipped to a multi-month low and is well below its long-term average of 20. This has consistently led to trouble over the short- to medium-term as the ebbing of concern showed that investors were too quick to price … Read more
Watch out below!credit @KimbleCharting pic.twitter.com/lzmnepr7AF — Belle Haven (@BelleHavenInv) February 7, 2019 https://twitter.com/UPFINAcom/status/1093708646909964288 Recession forecasting pic.twitter.com/O2BDSCAyiF — Win Smart, CFA (@WinfieldSmart) February 4, 2019 major commodity indexes are fading – hello, global slowdown fears remerging pic.twitter.com/DGxrlZzcE7 — Alastair (@StockBoardAsset) February 8, 2019 Banks are becoming less willing to lend to American consumers, which may ultimately … Read more
via Bloomberg: Preliminary results of two-year experiment due on Friday Full results of basic income trial not expected until 2020 The world’s happiest country is about to answer a question that’s intrigued political philosophers and economists for centuries: What happens when citizens are given money with no strings attached? Finland, a Nordic champion of social … Read more
by SpontaneousDisorder Source https://twitter.com/TN/status/1093634317979447296 Another indication that the rally in stocks is accompanied by extreme sentiment. I think it should top about here. I posted a couple of weeks ago some sentiment indicators. https://www.reddit.com/r/economicCollapse/comments/aj3lfv/optimism_has_already_returned_to_the_stock_market/ To update that the daily sentiment index in the S&P hit 77% tuesday which is quite high especially given the low … Read more
by confoundedinterest One of the world’s most important borrowing benchmarks staged its biggest one-day decline in a decade on Thursday. The three-month London interbank offered rate for dollars sank 4.063 basis points to 2.697 percent, the largest one-day slide since May 2009. The move may reflect a benchmark that’s making up ground following a repricing of short-end Treasuries and … Read more
via latimes: A federal bank regulator that has fined Wells Fargo more than $500 million over its creation of unauthorized accounts and other consumer abuses has found evidence of sales practice problems at other large and midsize banks — but is refusing to name those institutions. The Office of the Comptroller of the Currency, the nation’s … Read more
via marketwatch: An escalating trade war, a hard landing in China, and Brexit could prompt a global recession U.S. investors are once again paying attention to the dark clouds gathering over the global economy, with reason to fear that the next big storm could be as damaging as the downturn that accompanied the global financial crisis … Read more
via Bloomberg: Online lender Enova issued unrated consumer-loan ABS last year New CFPB proposal would loosen standards for subprime lending Online subprime lender Enova International Inc. bundled consumer loans with eye-popping interest rates — some topping 99 percent annually — into bonds last year. And there may be more such debt deals to come. The deal reflects online … Read more
Cellphone apps now openly have been caught “screen recording” your cellphone screen and sending that data back to the company. https://www.youtube.com/watch?v=FQlvYuE8cvs
Global PMIs pic.twitter.com/dOOn35O4nw — zerohedge (@zerohedge) February 8, 2019 Darkening ‘Global Economic Skies’ Pull Stocks Lower Global stocks fell for a third straight day on Friday, and were set for their first weekly loss in seven, as investors worried about a broadening global economic slowdown Safe-haven government bonds benefited, with the German 10-year bund yield … Read more
San Francisco is one of the richest cities in the world. It’s given us music, technology and elegant architecture. Now it gives us filthy homeless encampments. One urban planner told me, “I just returned from the Tenderloin (a section of San Francisco). It’s worse than slums of India, Haiti, Africa!” So I went to San … Read more
LEFT or LIBERAL? Tell the average American you’re a liberal and they’ll assume you’re on the political left. Yet, leftists and liberals hold very different positions on key issues. In this video, Dennis Prager explains how the tenets of liberalism like a belief in capitalism and free speech have more in common with conservatism than … Read more
There are more out there than people realize. I would like to see Candace Owens debate Occasional Cortex. h/t Miggy
by Thinker Guess none of the members of Congress will have a problem with allowing the public to look at their taxes, like those that are calling for the release of the president. It would only be fair for the American people to see not only the taxes of Congress, BUT OF ALL THOSE HOLDING HIGH … Read more
What mess. It’s fun to watch the truth about the Dems being exposed h/t supporter
The EU is now in a deep panic, they thought they were controlling the situation but now they realize the people are in control, they don’t want a no-deal BREXIT because it would expose them. EU commission slashes forecast economic growth is slowing. The [CB] economy in the US is hitting a tipping point, the … Read more
https://twitter.com/BorderNarcotics/status/1093676398571532288 https://twitter.com/BorderNarcotics/status/1093707585255927808 h/t EESwe
Associated Press Published on Feb 4, 2019 Subscribe 925K (4 Feb 2019) Scientists at Columbia University in New York say they created a robot that has learned to be self-aware and adapt tasks to its abilities. (Feb. 4) (4 Feb 2019) Scientists at Columbia University in New York say they created a robot that has … Read more
Law News Stonewalling on Clinton Emails Continues Under Trump, Watchdog Says Federal bureaucrats, defying President Donald Trump, are resisting requests for information about Hillary Clinton’s use of a private email account while secretary of state and how that may have compromised national security, the head of a legal watchdog group told The Daily Signal in … Read more
Definitely with Rand Paul on this. And most people who disagree with Rand Paul are Democrat! Liberal War Mongers! Make War and MOAR WAR! h/t Interferon
OCASIO CORTEZ’S GREEN NEW DEAL IS INSPIRING LAUGHTER ALL OVER: The reception was so bad they took it down, but you can read it here. Related: Green New Deal Excludes Nuclear And Would Thus Increase Emissions — Just Like It Did In Vermont.Well, remember, this stuff is never about saving the planet, that’s just for the rubes. It’s about advancing an … Read more
via RT: France’s government spokesman has said the recall of its ambassador to Italy is temporary but sends an important signal toward its historical ally not to meddle in internal French affairs. Benjamin Griveaux said on Friday that the recall was prompted by months of “unfounded attacks” from Italian government members Luigi Di Maio and … Read more
by Michael Snyder The only thing that seems to be constant in our society is change, and today America is changing at a pace that is more rapid than we have ever seen before. But is that a good thing or a bad thing? For a moment, I would like for you to imagine what … Read more