by The Phoenix For those who have been following us the last few weeks, our running forecast is that the markets are entering another bullish stage. The driving force for markets is liquidity. And central banks are again printing money to push markets higher. As I write this the Fed and the European Central Bank are … Read more
by Martin Armstrong California has become the first state to ban the sale of new fur clothing, starting in 2023. Used second-hand furs will still be legal to sell and no doubt they will play the same game they do with expensive high-end cars. They import them to a low tariff place, pay someone to … Read more
by Martin Armstrong Unlike the USA, the British courts and legal process are not as in bed with the bankers as they are in New York. They have brought to court today on criminal charges former brokers charged with conspiracy in the LIBOR interest rate fraud that continues to expand. This stands in stark contrast to the policy in … Read more
Hillary Clinton’s Smear BACKFIRED Hilariously, Leftists SLAM Incessant Orange Man Bad Narrative. The constant barrage of “orange man bad” is starting to take its toll on the left. For years we heard nothing else but Russia Russia Russia and it all turned out to be false. Not that long ago Hillary Clinton smeared Tulsi as … Read more
The Fed is clearly hiding something. Soon we’ll find out exactly what. It’s only a matter of time What do you think it is? When you allow global unification of central banking completely in stealth, without consent of the public, madness will follow. When you allow your currency to be devalued, the unimaginable will occur. … Read more
by TFittonJW Relentless Judicial Watch heavy lifting: https://www.judicialwatch.org/press-releases/judicial-watch-obtains-records-showing-contact-between-peter-strzok-bruce-ohr-that-doj-claimed-it-couldnt-find/ “Ohr and Strzok clearly were working regularly with each other during the time the illicit Spygate operation heated up against President Trump,” Judicial Watch President Tom Fitton. “It speaks volumes that Judicial Watch was forced to drag the DOJ and FBI into court in order to force the … Read more
Josh Sigurdson talks with Tim Picciott of The Liberty Advisor about the desperate move by the Federal Reserve to constantly cut interest rates despite saying time and time again that they wouldn’t lower interest rates this year. With the October 29th and 30th Fed meetings, it’s clear that the Federal Reserve will be lowering … Read more
via mises: Listening to recent commentaries about the repo failures in New York leads one to suppose there is insufficient money in the system. This is not the real issue, as the chart below of the fiat money quantity for the dollar clearly shows. The fiat money quantity is the amount of fiat money (in … Read more
If you live in California, you probably know how aggressive California’s state tax agency can be. In fact, even if you live somewhere else, you might have heard of the Golden State’s aggressive tax rules. Buy a vacation home in California, and stay a little too long? Come into the state and do some work … Read more
via wallstreetonparade By Pam Martens and Russ Martens: October 28, 2019 ~ JPMorgan Chase is the largest bank in the United States with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact. According to the filings that JPMorgan … Read more
via mises: A key factor that constrains people’s ability to generate goods and services is the scarcity of funding. Contrary to popular thinking, funding for consumption and production is not about money as such, but about real savings. Note that various tools and machinery or infrastructure that people have created is for one purpose. That purpose … Read more
Billionaire hedge-fund founder Ray Dalio says the global economy is under threat from an explosive mix of ineffective monetary policy… https://www.bloomberg.com/news/videos/2019-10-29/dalio-says-global-economy-faces-scary-situation-video #Canada's leading recession index jumped 13.3ppt to 72.4% 🥶 https://t.co/BmqmJdWpQB — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 29, 2019
DUBAI/RIYADH (Reuters) – Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors. https://www.reuters.com/article/us-saudi-aramco-ipo/saudi-aramco-aims-to-begin-planned-ipo-on-nov-3-sources-idUSKBN1X80JH
“We think GOOGL should spin off part or all of YouTube, which we estimate would be worth $300B on a stand-alone basis,” Needham analyst Laura Martin says. Martin sees several ways spinning off YouTube would create value for the company. If YouTube becomes a $300 billion standalone company, it would rank as one of the … Read more
GrubHub received five downgrades, including double downgrades from both Bank of America Merrill Lynch and Oppenheimer following its disappointing third-quarter results. The food delivery company missed on revenue and posted a fourth-quarter forecast well below Wall Street’s expectations. “Competitive food delivery offerings (Uber, Doordash and others) are eroding GRUB usage,” Oppenheimer analyst Jason Helfstein said … Read more
“I would have them as a public utility,” says California Rep. Ro Khanna, a Democrat whose district spans Silicon Valley. “When you have a state that has Apple, Google and Tesla in it, there is no excuse that we can’t get power to our people on a regular basis,” says Khanna. PG&E was switching power off again Tuesday — … Read more
here was the whole statement…just about as wishy washy as they have been since day one >>https://t.co/SjxTOGZw30 pic.twitter.com/SqBNp2bu0x — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 29, 2019
Building blocks of Bubble #3, since 2009: Corporate Buybacks: $5TUS QE: $3.7TGlobal QE: $15-20T (includes China)China debt: $7T–>$40TTotal global debt now 318%-to-GDP; interest alone negates all future GDP growth; Corp debt at record; consumer debt at record. 0% rates pic.twitter.com/4aFiuUI0Wm — M/1_LP (@MI_Investments) October 29, 2019 Steepest rise in auto loan spread since the Great … Read more
US Card Spending Volume peaked in 1Q18. Same story w $AXP at +10.34% YoY…has been decelerating since to just +5.96% YoY in 3Q19. There’s been a major downshift. Same on the Global Billings side. Very $TLT friendly & $XLF unfriendly. pic.twitter.com/YITM2q4DoF — PlungeProtectionTeam (@gamesblazer06) October 29, 2019 #TradeWar #Nationalism #Uncertainty #BuybacksvsCapEx#DeGlobalization #Reshoring pic.twitter.com/XoIzK3MEjR — M/1_LP … Read more
