BY PATRICK WATSON Around this time last year, I wrote: “Stronger-than-expected wage growth will make the Fed see inflation, tighten policy more than presently expected, and probably send stock prices lower.” Sure enough, the Fed tightened more than people thought it would. And stock prices indeed dropped. But I also said the best long-term outcome of higher … Read more
Amazon Starts Testing ‘Scout’ Delivery Robots Near Seattle E-commerce giant brings automation to expensive last-mile Cooler-sized bots will operate Monday to Friday during day Amazon.com Inc. will use robots to deliver packages in the suburbs north of Seattle, its latest experiment to automate the last-mile of delivery that’s a labor-intensive and costly component of buying products … Read more
AP sources: Trump, others agitated by Giuliani’s performance NEW YORK (AP) — Rudy Giuliani’s latest media blitz, which was filled with a dizzying array of misstatements and hurried clarifications, agitated President Donald Trump and some of his allies, who have raised the possibility that the outspoken presidential lawyer be at least temporarily sidelined from televised … Read more
Just heard this on Fox now! Maduro says he’s cutting off relations with the US. Their website has this article as of 5 mins ago, maybe related? “US-backed Venezuelan opposition leader declares himself interim president in effort to oust Maduro” https://video.foxnews.com/v/5993017583001/#sp=show-clips Could be civil war, eh? h/t Codfish
https://www.youtube.com/watch?v=bD6Z3i1cmCI For More Information See: https://www.infowars.com/world-elite-… https://www.straitstimes.com/world/eu… https://www.standard.co.uk/business/d… http://time.com/collection-post/55025… https://theconversation.com/davos-lea… https://www.weforum.org/agenda/2019/0… https://www.zerohedge.com/news/2019-0… https://www.voanews.com/a/un-rights-c… http://time.com/5451383/european-unio… https://www.htrnews.com/story/opinion… https://www.arkansas-catholic.org/new… https://www.thenewstribune.com/news/n…
via YAHOO: Prime Minister Justin Trudeau’s Liberal government is on track to spend nearly as much this year as Ottawa did to stimulate the economy at the height of the global recession, according to a new study. The right-leaning Fraser Institute tracked inflation-adjusted annual per person government spending by prime ministers since Canada’s confederation. The … Read more
Rising interest rates and credit card balances from CNBC. via CNBC: Over 1 in 3 people —or 86 million Americans — say they’re afraid they’ll max out their credit card when making a large purchase. Still, most Americans continue to take on ever-increasing amounts of credit card debt. Despite the dangers of high-interest loans, more consumers … Read more
via MarketWatch: Overhang of excessive corporate debt may weigh on global economic growth: Oxford Economics As worries rise over the outlook for global growth, excessive debt levels are drawing the eyes of nervous investors worried that more countries will struggle to shoulder their debts. Adam Slater, lead economist for Oxford Economics, says the risks from … Read more
Winter storms HArper and Indra blens into the same weeks headlines, record cold and more records snows. Boston breaking records back to 1878, now three locations in the northern hemisphere mimic Maunder Minimum climate. Iguanas will fall from trees last part of January. More record cold to follow through first week of Feb even down … Read more
https://www.youtube.com/watch?v=fIo3ZzQFXXE
by FS Ryan Sweet, Director of Real-Time Economics for Moody’s Analytics spoke with Financial Sense’s Jim Puplava on the impact of the government shutdown on U.S. GDP and how it’s not only affecting thousands of American families but is beginning to trickle into areas of the economy like housing and small business. Sweet tells us when he … Read more
via aier.org: In fiscal year 2018, $137 billion was paid “improperly” by the federal government, according to arecent report. That number sums all the improper payments by what the government calls high-priority programs. They are programs with improper-payments estimates exceeding $2 billion annually. If it makes your head spin, it should. Always the optimist, I have … Read more
via Reuters: The Bank of Japan cut its inflation forecasts on Wednesday but maintained its massive stimulus program, with Governor Haruhiko Kuroda warning of growing risks to the economy from trade protectionism and faltering global demand. Rising pressure from the trade war between China and the United States — Japan’s biggest trading partners — is adding … Read more
With the government shutdown still in effect, Steven Crowder returns with one of the most controversial and timely Change My Mind’s yet: build the wall. Let the triggering commence.
They need to lose their jobs.There has to be arrests made.Hypocrites! AC
THAT’S DIFFERENT BECAUSE SHUT UP: h/t GR
by Geoffrey Grider New York has an abortion rate of 23.1 per 1,000 women, twice the national average of 11.8 per 1,000 women. 25 to 27 percent of pregnancies in New York State end in abortion. In New York City, 78 percent of abortions are on African American babies. More black babies being killed through abortion than being born … Read more
When at first you don’t succeed, try, try again. That’s what Hillary Clinton’s machine did in 2016, eventually getting the FBI to bite on an uncorroborated narrative that Donald Trump and Russia were trying to hijack the presidential election. Between July and October 2016, Clinton-connected lawyers, emissaries and apologists made more than a half-dozen overtures … Read more
by Shaun Richards The Italian banks have certainly kept us busy in the credit crunch era. We have found ourselves observing a litany of cash calls, bad debts, crises, and official claims that there is no problem. Of the latter the worst was probably the claim by Prime Minister Matteo Renzi that equity investors in … Read more
China has been able to gain a significant foothold of power in Southeast Asia without starting an open conflict with the United States. AEI’s Oriana Skylar Mastro breaks down the strategies that have put China in this advantageous position.
via Reuters: China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. Mounting pressure on the world’s second-biggest economy pushed growth last year to its lowest since 1990 even as Beijing stepped up stimulus measures and spurred … Read more
‘Exceptional period of growth’ is done in US, JPMorgan global market watcher warns from CNBC. via CNBC: One of Wall Street’s largest investing firms warns that a global growth slowdown could sink the U.S. into recession this year. According to J.P. Morgan Asset Management’s Ben Mandel, it’s a risk pushing the firm to turn cautious … Read more
Risk of bear market in 2019, Yale’s Shiller says from CNBC. via CNBC: “There is a feeling that the stock market might be due for some deflating now because it’s been a long time, and we’ve seen some hints of it and we haven’t seen the real deflation yet,” he told CNBC at the World … Read more
by OB1_kenobi So what does that mean? It means that everything CNN does is done under the guidance of someone who’s got their eye on the ratings and on profits. The profit motive leaves it’s mark on everything they do. It means CNN tells the news as a secondary purpose… because the most important thing is … Read more
by Graham Summers of Gains, Pains, & Capital The market rig is now over. The pundits on TV attributed last week’s rally to “investors” buying stocks based on perceived “value,” but the reality is that it was a desperate market rig by Wall Street to game options expiration. Wall Street has been running this game for decades. The … Read more