JPMorgan, BofA, Citi, Barclays, Deutsche Bank, BBVA, Santander Accused of Rigging Government Bond Auctions in Mexico. Bank of Mexico Implicated

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Collusion and “absolute monopoly practices.” By Nick Corbishley, for WOLF STREET: Mexico’s antitrust agency Cofece has accused the domestic subsidiaries of JP Morgan Chase, Bank of America, Citigroup, Barclays, Deutsche Bank  Santander, and BBVA of colluding to rig Mexican bond prices, in particular treasury notes, over a ten-year period. Following a three-year investigation, Cofece on Monday declared that it … Read more

The Obesity Epidemic Will Bankrupt Our Healthcare System

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via theweek: A public health emergency is shortening our lives and supersizing our health-care costs. Here’s everything you need to know: How serious is the crisis? Americans are collectively gaining weight at an alarming rate, with the average adult weighing about 15 pounds more than 20 years ago. In defining obesity, nutritionists focus on body … Read more

JPM Card Spending in a major decelerating trend since peaking in 2Q17. The “Strong Consumer” isn’t accelerating in 3Q19.

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$JPM 30+ Day DQs rising in Credit Cards, Auto & Mortgage…they are selling real estate loans partially coz of Standardized Capital but if DQs are going up perhaps cognizant of higher future NCOs.. Resi loans -16% YoY. Took another $200MM Card Reserve Build In 3Q19. Nobody cares? pic.twitter.com/TBFqZFVx1F — PlungeProtectionTeam (@gamesblazer06) October 15, 2019 The … Read more

27 Country GDP Weighted Yield Spread.

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27 Country GDP Weighted Yield Spread. GDP weighted 10s – GDP weighted policy rate pic.twitter.com/2KHsnH3hUP — Eric Basmajian (@EPBResearch) October 14, 2019 World Trade Volume chart🙄 pic.twitter.com/L0zHbLki0n — M/1_LP (@MI_Investments) October 15, 2019 IMF CUTS 2019 GLOBAL GROWTH EST. TO NEW POST-CRISIS LOW OF 3% — zerohedge (@zerohedge) October 15, 2019 Global manufacturing (Germany 😳) … Read more

“Our policies must be working, stocks keep going up, Wall St approves!”- the Fed

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"Our policies must be working, stocks keep going up, Wall St approves!"- the Fed REALITY: Company debt soared for buybacks, not INVSTmnt; Glbl debt soared (=320% Dbt2GDP☠️); Central banks have "LBO'd" world w/ cheap debt🤔🤦‍♀️@RobSKaplan @marydalyecon @RaphaelBostic @neelkashkari https://t.co/nqt7IXWYRX — M/1_LP (@MI_Investments) October 15, 2019 The era of cheap borrowing is fostering corporate America’s favorite … Read more

Third Biggest Consumer Surprise In 21st Century

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via UPFINA: The August University of Michigan consumer confidence report was highly discussed because it showed a big decline in confidence. It caused some to think the trade war was significantly hurting consumer spending. We now have the benefit of hindsight which tells us retail sales growth improved, but PCE growth didn’t. In the subsequent two … Read more

Another oil refinery explosion. Contra Costa County, Calif

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LIVE: Refinery fire in Contra Costa County https://t.co/oJ8Bts1wpr pic.twitter.com/mJSrDr7NNR — kcranews (@kcranews) October 15, 2019 Shelter-in-place ordered in Contra Costa County, CA due to hazardous materials release from refinery fire https://t.co/jz5f7LBhRG — Steve Lookner (@lookner) October 15, 2019 Over the past half hour or so, at the site of the breakout, the fire has *melted* … Read more

The Fed Treasury Purchases Are Equal In Size To The U.S. Military Spending!

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BY SRSROCCO While the silver price is trading at another important short-term technical level, the underlying fundamentals continue to improve.  Since silver peaked at $19.75 at the beginning of September, it has been correcting lower to key support levels.  As I mentioned in my last update, the silver price would like correct back down to … Read more

Organizations That Can Use CBD to Help People

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Because of its natural supportive properties, CBD has become an integral component of the natural wellness trend that is sweeping across the country. Even consumer goods giants like Coca-Cola are considering adding CBD to their product offerings. However, there are still various groups and organizations that remain hesitant about its use, limiting the full potential … Read more

Sears Will Close Another 100 Stores Amid Failed Turnaround

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from Zero Hedge A new report by The Wall Street Journal indicates about 100 of the 425 Sears and Kmart stores that financier Edward Lampert acquired out of bankruptcy are set to close by year-end. Lampert, who was chairman and chief executive of parent Sears Holdings Corp., decided in late 2018 to file for bankruptcy protection. Lampert provided … Read more

Due To The Weather, Midwest Farmers Fear Widespread Crop Failures And A “Record-Low” Harvest In 2019

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by Michael Snyder Snow usually blankets the Upper Midwest around the first week of November, and so that means that many farmers in the Midwest only have about two weeks to salvage what they can before everything is lost.  The unprecedented October blizzard that we just witnessed dumped massive amounts of snow on millions upon … Read more

San Francisco Shaken By Dozens Of Earthquakes – Is A Major Seismic Event Coming?

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by Michael Snyder Seismic activity in California appears to be heating up again.  Could it be possible that the swarm of earthquakes that has hit San Francisco over the past couple of days is a precursor to a larger seismic event?  The California coastline sits directly along the infamous “Ring of Fire”, and scientists assure … Read more

U.S. farmers to trump – We wouldn’t Vote For You If You Walked On Water, this is like the 10th trade deal with China as soybean prices plunge

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The former county chair for the Republican Party in Shelby County, Ohio says he’s done with President Donald Trump due to the trade war with China. “I’m not going to vote for the president, and I’m on record as saying that,” Christopher Gibbs, who’s also a soybean farmer that backed Trump in 2016, told CNBC … Read more

Trump May Have Just ENDED Chain Migration – cut migration by 65%

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Trump just cut migration by 65%! Trump just quietly cut legal immigration by up to 65% This is what immigration restrictionists have been waiting for. By Nicole Narea @nicolenarea  With one proclamation signed late Friday evening last week, President Donald Trump made his adviser Stephen Miller’s dreams of restricting legal immigration a reality. When it … Read more