Ford Motor Co. said it will cut thousands of jobs in Europe

https://www.bloomberg.com/news/articles/2019-01-10/ford-to-cut-thousands-of-jobs-in-europe-eyes-plant-closures Ford Motor Co. said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years. The overhaul marks another sign of pressure on traditional automakers as they grapple with fundamental … Read more

China’s current GDP growth is likely less than 6%, economist says

China’s domestic demand is ‘particularly weak,’ economist says from CNBC. via CNBC: China’s economic growth is likely currently below the 6 percent level amid faltering domestic demand, says Taimur Baig, chief economist at DBS Group Research. Despite negotiations between China and the U.S. underway in Beijing, Baig says it’s unlikely the trade war will end … Read more

I Read The News So You Don’t Have To – Market News ( January 11, 2019)

by ogordained UNITED STATES Futures are down slightly amid weak retail sales data and elevated recession fears Inflation data due out today is expected to reveal prices softening, allowing the Fed to pause rate hikes Despite increasing tariffs, the New York Fed thinks the aggregate consumer price index only rose by 0.3% Today marks the 21st day of the government shutdown — … Read more

This Is The Reason For The Wall – Slain Officer Legal Immigrant – Killer Illegal Immigrant And Gang Member With Two DUIs!

by Ruby Henley This is the reason for the wall! A California police officer was shot and killed day after Christmas when he stopped a car without a license plate. He was not an ordinary police officer, as he was a legal immigrant who migrated to this Country legally to become a police officer. Not … Read more

The Mainstream Media Warns America Will Be Facing An “Economic Hellscape” If The Government Shutdown Continues

by Michael Snyder Is the mainstream media overhyping the economic impact of the government shutdown for political purposes?  Of course they are.  Once upon a time the mainstream media in the United States at least attempted to maintain a facade of objectivity, but those days are long gone.  In this case, they want to stir … Read more

ER visits ruining US economy

Americans without health insurance are too often forced to go to emergency rooms, where costs are drastically inflated. Now, New York City has launched a program to provide all residents with healthcare and a primary care provider. RT America’s Trinity Chavez reports for the News with Rick Sanchez. https://www.youtube.com/watch?v=6gJCqYCUMds  

Lynette Zang: HARD LANDING AHEAD – Are The Credit Airbags Ready?

by Lynette Zang of ITM Trading For the first time since 2008, no junk bonds were issued in December 2018. “This is clearly more than year-end jitters,” said Guy LeBas, a strategist at Janney Montgomery Scott. “What we’re seeing now is pretty typical for end-of-credit-cycle behavior.” Voila, they too are calling the pattern shift that indicates the end … Read more

[DS] Just Got Played, Remember Think Mirror

NYT makes a major correction with the story about Manafort, still no Russian collusion. Trump hits the press hard with fake reporting. The [DS] is now going after Trump tax returns, Grassley blocks. Lindsey Graham says Mueller and Barr best friends, coincidence? Rosenstein will exit once Mueller report is out or when Barr is in. … Read more

AI will replace 40% of jobs within 15 years

Watch the latest video at foxbusiness.com Forty percent of the world’s jobs could be done by machines in as soon as 15 years, according to a top expert on artificial intelligence (AI). Kai Fu Lee, a pioneer in AI who also works in venture capital in China, told “60 Minutes” that a wide range of blue-collar and white-collar … Read more

Pentagon is prepared to give $3 billion to fund construction of the President’s southern border wall, if he were to declare a national emergency.

#BREAKING: Defense department officials say the Pentagon is prepared to give $3 billion to fund construction of the President's southern border wall, if he were to declare a national emergency. #OANN — Jenn Franco (@jennfranconews) January 10, 2019 Senate Judiciary Chair Lindsey Graham Calls on Trump to Use Emergency Powers to Fund Border Wall On … Read more

It’s Worse Than You Think

by Jesse “What is objectionable, what is dangerous about extremists, is not that they are extreme, but that they are intolerant.  The evil is not what they say about their cause, but what they say about their opponents.” Robert Kennedy “Fundamentally, narcissists are stuck emotionally at the approximate development stage level of a three-year-old, and … Read more

Mannarino: The Obama Era ‘Bad News Is Good For The Stock Market’ Play Has Returned

TradersChoice.net, Released on 1/10/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more

Jacob Wohl: “Sources saying Justice Ruth Bader Ginsburg will resign tomorrow”

Jacob Wohl Verified account @JacobAWohl Sources saying Justice Ruth Bader Ginsburg will resign tomorrow https://twitter.com/JacobAWohl/status/1083494842838073344 Michael Verified account @freedom_moates > Replying to @JacobAWohl We must be on the same rumor mill. I’m hearing the same thing and also that the WH knows. https://twitter.com/freedom_moates/status/1083527011128279040   Check out RBG leaving her apartment yesterday https://www.tmz.com/2019/01/09/ruth-bader-ginsburg-video-lung-cancer-frail-supreme-court-rbg/     h/t … Read more

The Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018, Slickest Annual Wealth-Transfer from Taxpayers to Banks

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times. The Fed reported its preliminary results this morning for the year 2018. The headline is that it sent $65.4 billion of its profits to … Read more

Inconvenient Fact: 73% of Immigrant Households from Mexico and Central America on Welfare

Just watched an excellent video by Stefan Molyneux titled “The truth about Trump’s Wall Speach” where Stefan gives some hard facts about immigrants and welfare. https://www.youtube.com/watch?v=r1Nmsc7BQAk&feature=youtu.be&app=desktop   Welfare use varies among immigrant groups. Households headed by immigrants from Central America and Mexico (73 percent), the Caribbean (51 percent), and Africa (48 percent) have the highest … Read more

Worse than the financial crisis: This is currently the longest stretch without a high-yield bond sale in more than two decades [WSJ]

via WSJ: No U.S. company rated below investment grade has issued bonds since November—the longest stretch without a high-yield sale in more than two decades—reflecting investors’ concerns about market volatility and the durability of the long-running expansion. December was the first month since 2008 without a junk-bond sale, according to Dealogic. Thursday is on pace … Read more

Today’s edition of ‘Is this a f*cking joke’

via Reuters: NEW YORK (Reuters) – HSBC Holdings Plc has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015. The settlement with the British bank was made public late Wednesday night in the federal court in … Read more

Looking at stock valuations as a multiple of sales, the U.S. reached a level of overvaluation last January only seen once before in the last three decades — during the dot-com bubble of 1999 and 2000

via Bloomberg:   hat just happened? I last wrote one of these newsletters on Dec. 20, the day after the last Federal Reserve monetary meeting. (More on my disappearance later in this commentary.) Since that date, stocks have staged a spectacular decline worldwide, accompanied by an equally spectacular rally in government bonds that has pushed yields lower. However, … Read more

Morgan Stanley’s quant team calculates that every $20bn decline in the Fed’s MBS holdings shaves 0.37% off the S&P 500.

Morgan Stanley's quant team calculates that every $20bn decline in the Fed's MBS holdings shaves 0.37% off the S&P 500. pic.twitter.com/SBfKycKeLo — Robin Wigglesworth (@RobinWigg) January 10, 2019 this is probably not good pic.twitter.com/PxYfrnEczx — Alastair (@StockBoardAsset) January 10, 2019 credit leading stocks lower pic.twitter.com/kwKBUygQL4 — Alastair (@StockBoardAsset) January 10, 2019 https://twitter.com/NorthmanTrader/status/1083398539491856386 pic.twitter.com/JlazTYQMnB — M/1_LP … Read more