RICK SCOTT HAS 12,562 VOTE LEAD OVER BILL NELSON IN FLORIDA. BOTH NOW AT CAPITOL HILL
As of Tuesday afternoon, Scott leads Nelson 50.1 percent to 49.9 percent, with a 12,562 vote margin. https://www.nbcnews.com/politics/poli…
Will tech shares lead the sell off in the next recession? Or will they be stronger than the average?
The markets are down again today after another wild session. Crude oil was volatile as well as the spreads begin to widen between US and Canadian crude. Apple got hammered down again and is now in a bear market at …
Potential Impacts of the Midterm Elections on Your Retirement
From Birch Gold Group Now that the midterm elections are pretty much over, the Democrats control the House, and the Republicans control the Senate. This may have several important impacts on your retirement over the next two years (and beyond, depending …
Junk Debt Still Looking Shaky
by Chris Well, don’t look now but futures on all three US equity indexes are nicely green…msot brain dead trade of the past month. US stocks down on the day? Buy the futures. Not sure how long that will last, but …
Wells Fargo: Saying We’d Tell the Truth Was so Absurd We Can’t Be Sued for Lying About It
via confoundedinterest: Wells Fargo is adopting an unusual defense against a shareholder lawsuit: claiming, essentially, that shareholders can’t hold the bank accountable for CEO Tim Sloan’s statements that it was “working to restore trust” and be “more transparent” about its scandals …
The 3-Month Libor vs. Euribor spread is at its highest level since 1999! Crude crashed yesterday, Crypto crashed today — maybe it is a sign that liquidity in global markets is very thin.
The 3-Month Libor vs. Euribor spread is at its highest level since 1999! Is the ECB about to start tightening or the Fed about to stop? Either way, unless “this time is different”, such policy changes from similar extremes is …
I Keep Warning… The Markets Are Entering “Liquidation Mode”
via The Phoenix As I warned yesterday, the markets are entering “liquidation mode” Earlier this year it was Emerging Markets. Yesterday it was Oil. And very soon it will be US stocks. *** $SPX (weekly) 50sma – line in the sand …
What “The Fed Wants to Loosen Regulations Even More for Community Banks” Really Means
Randal Quarles, the Federal Reserve’s vice chair of supervision, said more changes are coming that will allow community banks relief from the post-financial crisis capital requirements. The Fed said two weeks ago that it will place banks into four categories …
The Extraordinary Current Peril of ‘Buy and Hold’ in a Post-QE World
via jugglingdynamite: As the US dollar Index (DXY) strengthens to a new 52-week high above 97, commodities are tanking along with global growth prospects into 2019, and North American government bonds are rising. Oil is down for a record 12th straight …
Gundlach: Rate Raises + Increased Federal Debt = US Economic “Suicide Mission”… Holtz-Eakin: “Average American Is Blissfully Unaware of the Federal Debt Problem”
via yahoo: Bond investor Jeffrey Gundlach, the founder of DoubleLine Capital, reiterated his assertion that the U.S. is “on a suicide mission” by increasing its deficit while the Fed is raising interest rates. Gundlach made the comments during a webcast on Tuesday afternoon shortly …
US Mortgage Applications Down 3.2% in One Week
Potential homebuyers pulled back last week, worried about rising interest rates and about what was behind big daily drops in the U.S. stock market. Mortgage application volume fell 3.2 percent last week compared with the previous week, according to the …
New Government Report to Address Postal Service’s “Unsustainable Financial Path”
via yahoo: WASHINGTON (AP) — The U.S. Postal Service on Wednesday reported a financial loss for the 12th straight year, citing declines in mail volume and the costs of its pension and health care obligations, as the agency braces for an …
Credit Markets: To BBB or Not to BBB?
via Pimco Financial media and investors have been focusing on the BBB segment of the U.S. investment grade (IG) corporate bond market this year. At $3.1 trillion in market capitalization (nearly quadrupled from a decade ago), BBBs constitute nearly half …
Your Food Source is Quickly Diminishing
Late January winter temperatures grip parts of grain growing areas in Canada and USA along with delayed winter wheat planting, massive rains are delaying harvests in the southern part of the US. Farmers report moldy crops and plantings buried in …
How Will the Feds Get Out of This?
by Bill Bonner Writing on the Wall Yesterday, the stock market struggled to rally. Finally, it gave up, leaving the Dow down another 100 points. Sooner or later, we presume, it will be down 1,000 points in a day – or …
IT ISN’T BRIBERY WHEN THE RIGHT PEOPLE DO IT: Amazon is getting more than $2 billion for NYC and Virginia expansions.
via arstechnica: Over the last year, Amazon has dangled in front of cities the possibility that they could host the company’s “second headquarters”—a massive $5 billion facility that would provide 50,000 white-collar jobs. On Tuesday, Amazon confirmed what had been widely reported: nobody would be …
Sharp, Deep Crash Possible in Next Few Weeks
By Harry Dent I’ve warned for years, and with increasing frequency of late, that the first crash when a major stock bubble of this magnitude finally tops is 42% in the first 2.6 months. That’s the average of seven bubble …
Progressives and Far Left Start War With Democratic Elites
Ocasio-Cortez Leads Protest Against Democrats after she lead a sit in at Nancy Pelosi’s office. Many people were left wondering why the newly elected representative would protest democrats over climate change instead of republicans. Nancy Pelosi supports climate change legislation …
Robert Kiyosaki: How to Tap into Big Tax Savings In 2018
via dailyreckoning: I recently told you about changes to your personal tax return that you should be aware of for the upcoming Tax Day. But there are big tax savings available if you are a business owner or real estate investor. …
Water is a human right, no matter what the CEO of Nestle says.
by User_Name13 Baltimore recently voted on the issue of water privatization, an issue that will increasingly come to the fore in policy debates as the planet continues getting hotter and human population continues to increase. Baltimore voted a resounding NAY on …
Florida Election Shenanigans
by WarSanchez I don’t care what side you are on, this is ridiculous. From voter roll purging over-heating recounts Email voting Uncounted discovered votes This shit is unacceptable and embarrassing. Tell me how this shit isn’t fixed by the two …
Firefighter battles California wildfire in high winds with a bulldozer
https://youtu.be/qZ34vp74xKU California Highway Patrol Lt. Denis Ford said Saturday that the thief broke into a marked fire department pickup truck from one of the numerous agencies fighting the fire that devastated the Sierra Nevada foothills town of Paradise this week. …
Theresa May’s Brexit Deal EXPLAINED
Jack Buckby of TheRebel.media reports: Today, we were given an insight into Theresa May’s Brexit deal. We haven’t been given the exact details of the deal, but through the press we’ve been given an insight into what it entails…and it …
The dirty secret Macy’s is hiding.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Unlike Sears, Macy’s didn’t miss the train on online sales. But it uses its vibrant online business to paper over the decline in its brick-and-mortar business. When Macy’s reported third-quarter earnings this morning, it made a …
Stossel: Why some capitalists are the worst enemies of capitalism
From John Stossel at Reason: Sen. Bernie Sanders recently came up with a new business to attack: Amazon. Sanders said Amazon didn’t pay its workers enough and because of that, many qualified for government assistance. At first, Amazon CEO Jeff Bezos defended …
PG&E to pay Calaveras County $25.4 million for 2015 Butte Fire
by DCG The state’s two biggest utilities might be the possible cause for other recent deadly wildfires, even though liberals say the cause is climate change. Mother Nature can’t write a big, fat check so follow the money… From Sacramento Bee: Pacific Gas and …
Legendary Investor Says This Is The “Most Troubled I’ve Been About My Future…Maybe Ever”
via silverdoctors: Legendary investor Stanley Druckenmiller was recently interviewed by Real Vision, and the interview has since been made public. Carve out the time to watch the entire video as it provides a wealth of information that people would normally have to pay to …
Nothing suspicious here folks only 84.6% higher than any other Democrat in Geogia in “new votes” even in 100% reported places…
We naively believed that someone as principled and authentic as Trump would be able to combat the dems..unfortunately the swamp is deep and entrenched. It protects itself constantly. And the propaganda the MSM puts out works on weak willed liberals …
President Trump Makes an Announcement Regarding H.R. 5682, the “First Step Act”
https://www.youtube.com/watch?v=1VHBNE6aMy8
Mtg apps, China exports, Oil
by WARREN MOSLER Continuing to be negative year over year: Highlights Rising interest rates continue to dampen mortgage activity, with purchase applications for home mortgages falling a seasonally adjusted 2.3 percent in the November 9 week to the lowest level …