This article was written by Mac Slavo and originally published at SHTFplan.com While consumer confidence has fallen yet again, consumer spending remains high. In fact, for the third straight month, consumers have been losing confidence in the markets, yet they haven’t curtailed their spending. Optimism about job prospects and business conditions down the road grow weaker … Read more
from SGTreport On Monday night I was a guest on the Quite Frankly show where I shared vital information which hopefully helps to expose those behind the latest anti-human PG&E fires in California. Please consider supporting SGT Report on Patron with a monthly contribution: https://www.patreon.com/user?u=5104183
Abortion: 2,408 Heart disease: 1,773 Cancer: 1,641 Medical error: 685 Accidents: 401 Stroke: 401 Alzheimer’s: 332 Diabetes: 228 Flu: 150 Suicide: 128 Opioids: 115 Drunk driving: 28 Underage drinking: 11 Teen texting-and-driving: 8 All Rifles: 1 Average deaths per day in the US. https://twitter.com/RealSaavedra AC
by Michael Snyder You don’t use up all of your ammunition before the battle even begins. The U.S. economy has not even officially entered recession territory yet, although many experts are definitely anticipating one in 2020. When that recession arrives, the Federal Reserve is going to want as much ammunition to fight it as possible. … Read more
I have called consumer confidence the world's most useless indicator because it is essentially a measure that tells you what the stock market did last month. So, what do we think about the economy? What is the stock market doing? https://t.co/6aYLoNztZ5 pic.twitter.com/jKMWNawzUt — Jim Bianco (@biancoresearch) October 31, 2019
https://twitter.com/GregMannarino/status/1189622779995447298 Easy money used to be a tool reserved for recessions/crises. It's now the default policy in any environment as the prevailing central bank view is that there are only positive (stimulus, wealth effect) & no negative (if higher inflation comes, that's good) consequences to easing. — Charlie Bilello (@charliebilello) October 30, 2019
via sentimentrader: Confidence conflict Quite a few times over the past couple of months, we’ve discussed how various aspects of sentiment were curiously subdued. From individual investor surveys to fund flows to hedge fund exposure, and many more, we were seeing readings typically present during much more prolonged and severe pullbacks. That’s starting to change. Smart … Read more
Mind boggling. Brazilian stocks outperformed every G-20 equity market in the last 30 years, in USD terms. Even with its currency devaluing 99.99% against USD! Buying stocks of a falling knife currency can sometimes work. pic.twitter.com/a6mMYxX2HZ — Otavio (Tavi) Costa (@TaviCosta) October 30, 2019
by Celesmeh Hey guys! I’m back six months later with a new version of the budgeting spreadsheet I made. Earlier this year I posted the spreadsheet I made for myself and it really resonated with people. As I got more and more feedback I found places where I could improve and develop the sheet into … Read more
https://www.wsj.com/articles/uber-lyft-unveil-ballot-initiative-to-counter-california-gig-economy-law-11572386291?mod=lead_feature_below_a_pos1 Updated Oct. 29, 2019 9:20 pm ET Uber Technologies Inc., Lyft Inc. and other ride-hailing and on-demand companies in California said Tuesday they submitted a ballot initiative that would alter a statewide law intending to reclassify contract workers as full-time employees. The companies are funding the measure, called the Protect App-Based Drivers and Services … Read more
All stars aligned. Fed easing.Negative real yields everywhere.Unemployment rate falling. We likely in the early stages of a raging bull market for precious metals. pic.twitter.com/WBLrZm4xxy — Otavio (Tavi) Costa (@TaviCosta) October 30, 2019
https://twitter.com/Ryan_McDonald/status/1189329269627019265
via statnews: Americans are rightly furious about the high and unsustainable price of cancer drugs, which now routinely cost more than $100,000 per year of therapy. Those prices are made worse by the fact that most cancer drugs offer only modest benefits — one study put the median benefit at 2.1 extra months of life — along with the … Read more
'When rising powers have suffered such slowdowns in the past, they became more repressive at home and more aggressive abroad. China seems to be headed down just such a path.' https://t.co/4wojaTsFZ2 — Jesse Felder (@jessefelder) October 30, 2019 The defining geopolitical story of our time is the slow death of U.S. hegemony in favor of … Read more
Ohio-based Murray Energy filed for Chapter 11 bankruptcy joining a growing list of bankrupt or struggling miners as utilities switch away from coal. The company seeks to restructure nearly $3 billion in debt and obtained some $350 million in new loans to continue operating during the bankruptcy proceeding. Murray Energy was the country’s fourth largest … Read more
and no wonder why bus investment is faltering pic.twitter.com/yUww7uD4fG — Alastair (@StockBoardAsset) October 30, 2019 pic.twitter.com/0RxszBFQx6 — M/1_LP (@MI_Investments) October 30, 2019 So true.@SoberLook pic.twitter.com/YokfQDLCs9 — Kevin C. Smith, CFA (@crescatkevin) October 30, 2019
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Prices in red-hot Dallas slow. Chicago condos flat for the year. Formerly crushed Detroit up 100% in 7 years. Cleveland struggles out of crushed status. Yesterday, we did The Most Splendid Housing Bubbles in America — such as the San Francisco Bay Area, New York City metro, the Miami metro, Seattle, and other … Read more
by Charles Hugh-Smith Where is the line between “working class” and “middle class”? Maybe there isn’t any. Defining the “middle class” has devolved to a pundit parlor game, so let’s get real for a moment (if we dare): the “middle class” is no longer defined by the traditional metrics of income or job type (blue collar, … Read more
By Tsvetana Paraskova Chinese oil and gas giant PetroChina reported on Wednesday a 58-percent plunge in its third-quarter profit as lower oil prices, fierce domestic fuel competition, and slowing gas demand growth weighed on earnings. PetroChina booked a net profit of US$1.25 billion (8.83 billion Chinese yuan) in Q3, down by 58.4 percent from the same period … Read more
by visualcapitalist About 1,500 new companies are founded every day. However, only a fraction of these entrepreneurial pursuits will eventually operate on a grand scale. With many of these companies propelled by venture capital funding, how do investors provide the cash—and get a piece of the startup pie? Pie in the Sky Today’s creative infographic from Fundera uses pie … Read more