COPPER INDUSTRY CARNAGE: The Worst Is Yet To Come

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BY SRSROCCO The second largest copper mining company in the world saw its stock price plummet by nearly 15% today due to poor earnings.  Freeport-McMoRan’s fourth-quarter net income fell nearly 90% compared to the same period last year.  The large decline in net income was attributed to falling production, due to scheduled maintenance, and lower … Read more

Will Policy Makers Turn A Global Economic Slowdown Into Economic Crisis?

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by Daniel LaCalle via Mises Wire The recent macroeconomic data of the leading economies point to a widespread slowdown. What is more concerning is not just a logical moderation in the path of growth, but the acceleration in the weakening of economies that were supposed to be stronger and healthier. It is even more concerning that this aggressive … Read more

Global growth indicators

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by WARREN MOSLER Agent Orange, AKA Tariff Man, taking down the global economy: Intel Projects Slower Revenue Growth This Year (WSJ) Intel Corp. reported a 9% gain in revenue. Customers’ robust appetite for server chips boosted data-center businesses by 45% through the first nine months of 2018, but now those buyers need to digest those … Read more

Texas Secretary of State: 58,000 Illegal Aliens voted in elections

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via KXAN: An evaluation by the Texas Secretary of State’s office discovered that about 95,000 people identified by the Texas Department of Public Safety as non-U.S. citizens have a matching voting registration record. The state claims 58,000 of those people voted in one or more state elections over 22 years. For perspective, during the 2018 Gubernatorial election, more than … Read more

Dam breaks in southeast Brazil, causing an unknown number of casualties. Preliminary estimate of more than 200 deaths

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  A dam has failed at an iron ore mine in southeastern Brazil, unleashing a massive mudflow that buried the mining site and reached a nearby community, local officials say. At least 50 people were killed. The incident happened on early Friday afternoon when a tailings dam holding mining waste failed in Brumadinho, a town … Read more

Fake News Swarm

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by TrailDust Operation Mockingbird Choking Off The Truth A Youtube search for Roger Stone on the morning of his arrest returned results that amount to a Swarm of Mockingbirds What you see in the picture is the top results of my search, all or most are Mockingbird Media. Mockingbirds in the order of their appearance: CBS, CNN, … Read more

Roger Stone Arrested! Who’s Next & What’s Really In The Indictment—TRUTH You Won’t Hear Anywhere!

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NOTE there are speculations of who Person 1 and 2 are. Names being tossed out include Jerome Corsi and Randy Credico… Steve Bannon was also thrown out as a possible “Trump Administration” contact. http://www.shtfplan.com/headline-news/roger-stone-arrested-by-fbi-bannon-idd-as-senior-campaign-official-cited-in-indictment_01252019    

Fed will do nothing in 2019, but may cut rates in 2020: Mohamed El-Erian

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Fox Business, Released on 1/22/19 Allianz chief economic adviser Mohamed El-Erian on why he believes that the Federal Reserve will cut rates in 2020 and the strength of the U.S. economy. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of … Read more

Snopes, Fact-Checker For Facebook And Google, Botches Nathan Phillips Fact Check

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Via The Daily Caller Snopes refused to correct an inaccurate fact-check calling it “unproven” that American Indian activist Nathan Phillips falsely claimed to be a Vietnam veteran. It’s a proven fact that Phillips falsely claimed to be a Vietnam veteran. Both Facebook and Google give Snopes preferential treatment on their platforms. Snopes, a left-leaning fact-checking … Read more

Andrew Cuomo: If You Are Pro Life, Get Out Of New York, You Are Not Welcome!

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via liveaction: New York Governor Andrew Cuomo is already notorious among pro-lifers for being one of the most pro-abortion politicians in the nation. The state he serves already has one of the highest abortion rates in the country, but he has been continually fighting to make abortion even more widespread and commonplace in New York. Now, … Read more

This Is the Key to Understanding China’s Economy

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BY JOHN MAULDIN China is facing many challenges. That’s probably not news to you. But what we often fail to understand is this: China will deal with those challenges in a much different way than what we are used to in the West. To solve Europe’s financial woes in 2012, ECB President Mario Draghi promised to do … Read more

Hulu drops to just $5.99 per month after Netflix’s price hikes

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by biz_student https://www.theverge.com/2019/1/23/18193539/hulu-price-change-subscription-ads-live-tv-2019 Hulu just announced that it will lower the price of its base, ad-supported subscription plan to $5.99 per month — down from the current $7.99 — beginning on February 26th. The price drop comes only days after rival Netflix announced increased subscription fees across all of its plans. The most popular plan … Read more

LIVE: SHUTDOWN AGREEMENT REACHED ANNOUNCEMENT SET FOR 1:30 PM GOVT TO REOPEN ‘TEMPORARILY’

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Top of the Drudge Report https://drudgereport.com US GOVT SHUTDOWN AGREEMENT REACHEDANNOUNCEMENT SET FOR 1 PM EST US.GOVT TO REOPEN 'TEMPORARILY'@realDonaldTrump atlast has some sense dawned on you….or r u scared of #MuellerFriday — Adv M Ramiah (@murugesh1234) January 25, 2019 No “3 day weekend” for Congress? https://www.foxnews.com/politics/mccarthy-blasts-pelosi-for-giving-a-three-day-weekend-amid-government-shutdown

The biggest stretch of complacency in history is coming to the end? The case for an imminent collapse within 3 weeks

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via @hks55: the biggest stretch of complacency in history is over Tech in general though is just a parabola. These always end in tears. when $AAPL reports I believe they will show evidence Chinese have started to boycott their products. this will send shock waves through the market. $OIL crack spreads have lost all support. refiners … Read more

House buying conditions are the worst since the financial crisis

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via upfina: The decline in the University of Michigan consumer sentiment index because of political uncertainty caused by the government shutdown and trade war as well as the stock market volatility means it’s no surprise the buying conditions for houses and vehicles have fallen. The chart below shows the latest reading in the house buying conditions … Read more