by Charles Hugh-Smith I’m seeing lifestyles that are out of stock and no longer available, even in China. Though every recession is unique, all recessions manifest in similar ways in the real economy. By real economy, I mean the on-the-ground economy we observe with our own eyes, as opposed to the abstract statistical model reflected in official … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Getting rid of MBS faster and shifting to short-term Treasury bills will be on the list. The Fed shed $32 billion in assets in January, according to the Fed’s balance sheet for the week ended February 6, released this afternoon. This reduced the assets on its balance sheet to $4,026 billion, … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Unexpectedly,” German industrial production fell 3.9% in December 2018 compared to December 2017, after having fallen by a revised 4.0% in November, according to German statistics agency Destatis Thursday morning. These two drops were steepest year-over-year drops since 2009. Even during the European Debt Crisis in 2011 and 2012 – it hit Germany’s … Read more
by Michael Snyder For weeks, Americans all over the country have been rattled by extremely loud booming sounds that seem to have no explanation, and they are often accompanied by “mysterious flashes of light”. These strange booms are shaking homes and rattling windows, and some witnesses say that they sound like cannons being fired. And … Read more
More proof the DNC was not hacked. Schiff pushes his agenda, wants to look at Trump’s business dealing, this has nothing to do with Russian collusion anymore. Schiff says he will release the House Intelligence docs, the only problem Nunes already did this. Whitaker pushes back on the house and says the will talk to … Read more
“The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on … Read more
by TFittonJW Inside Judicial Watch interview with my colleague Bruce Schlesman: CA voter roll clean up success: https://www.judicialwatch.org/press-room/press-releases/california-and-los-angeles-county-to-remove-1-5-million-inactive-voters-from-voter-rolls-settle-judicial-watch-federal-lawsuit/ Major Clinton email discovery: https://www.judicialwatch.org/press-room/press-releases/federal-court-orders-discovery-on-clinton-email-benghazi-scandal-top-obama-clinton-officials-susan-rice-and-ben-rhodes-to-respond-to-judicial-watch-questions-under-oath/
by jessefelder There is a growing chorus surrounding the topic of stock buybacks and whether they should be banned. Most recently, Chuck Schumer and Bernie Sanders wrote a piece for the New York Times arguing that buybacks are nothing more than corporate self-indulgence that leads to long-term harm to both companies and the economy. This may be … Read more
by jameilious Brexit has been a real omnishambles from day 1, only happening after a gambit from David Cameron failed horribly. I have a theory that it’s on purpose. Very few politicians want brexit so why not ruin it so that in a second referendum will get a resounding remain vote? But where this gets … Read more
via atr.org: This morning, Rep. Alexandria Ocasio-Cortez released an overview of the Democrat “Green New Deal” which threatens “a massive transformation of our society.” Below are the details of the proposal. Rebuild every single building in the U.S. “Upgrade or replace every building in US for state-of-the-art energy efficiency.” Will end all traditional forms of energy in … Read more
by Thinker Our words and actions define our character, not our religion, race, or birth nation. For many New Yorker’s, it is a state that represents new life, another chance, freedom. Politicians are elected by the people who believe that man/woman will make the right choices in decisions and votes for legislature that may effect … Read more
For More Information See: https://www.newsweek.com/us-russia-fr… https://www.express.co.uk/news/world/… https://www.defensenews.com/global/eu… https://www.defensenews.com/global/eu… https://thediplomat.com/2019/02/russi… https://gizmodo.com/watch-the-u-s-tes…
Josh Sigurdson talks with author and economic analyst John Sneisen about the desperate move by the Oregonian government to implement rent control. Oregon would be the first state to implement state-wide rent control. SB 608, the legislation in question is likely to go into affect in the coming months (as both chambers of the legislature … Read more
NEW YORK (AP) – Sears and Kmart live another day as judge approves $5.2 billion plan to keep stores open. — WSIL News (@WSILNews) February 7, 2019
via visualcapitalist: Nobody wants the embarrassment of seeing their debit card declined. To help, bankers came up with a seemingly beneficial solution. Overdraft protection is a service that allows card users to pay for items even if they temporarily do not have the funds, and it can help consumers potentially avoid such awkward problems. However, what … Read more
Randy DeSoto for the Western Journal reports, Democratic Rep. Alexandria Ocasio-Cortez of New York used the occasion of the Super Bowl on Sunday to make a further push for raising taxes on the wealthiest Americans to 70 percent, arguing a benefit would be the “owners who refuse to hire (Colin) Kaepernick would” be subject to … Read more
via yahoo: (Bloomberg) — Renewed discussion about the potential for the Federal Reserve to employ negative interest rates to combat an economic downturn is already prompting objections from some market veterans. In a letter published Feb. 4 by the Federal Reserve Bank of San Francisco, researcher Vasco Curdia argued that had policy makers cut rates below … Read more
via stratfor: Highlights A combination of domestic and external forces will continue to slow Italy’s economy in 2019, resulting in a lower-than-expected GDP expansion in the third largest economy of the eurozone. The European Union and financial markets will increase pressure on Rome to correct some of its expansionary policies to avoid a worsening of its … Read more
by DCG What happened to #BelieveSurvivors? From Fox News: Democrats on the House Judiciary Committee held a hearing Wednesday on new gun control legislation Democrats plan to push on the American people. The top Republican on the committee, Doug Collins, R-Ga., asked committee Democrats if I could testify about this legislation in an appropriate setting to offer another perspective … Read more
Kitco News, Released on 2/7/19 Canada is run by “terrible managers” and Kevin O’Leary, star of Shark Tank and chairman of O’Shares ETFs, is litigating in order to enact change. Kevin O’Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company … Read more
https://www.youtube.com/watch?v=xzj8QLLT58o It’s difficult to express the magnitude of the concentration of evil people who assemble during a State of the Union address. THEY are the “terrorist threat” they’re trying to convince us that they’re going to “protect” us from. THEY are the ones who empower criminals, because THEY are criminals THEMSELVES. THEY are the ones … Read more
The ECB’s QE make low income households richer…my goodness I feel sorry for anyone who actually believes this garbage.
Severe damage to global growth has been spotted – prepare for a rough ride in the months ahead. I don't think the policies were/are in place by CBs to counter this rapid slowdown. Any mol pol maneuver by CBs work in 4 to 6 months lags. pic.twitter.com/bUgEIspga3 — Alastair (@StockBoardAsset) February 7, 2019 #China imports … Read more