Recession, 10% High Yield Spreads and aKey Points 1½% Fed Funds Rate – Prelude to a Storm?Tough it was that dawn to be an investor, but to be in Treasuries was very heaven…’ (after Wordsworth) ask act@liquidity.com for reports ! pic.twitter.com/7OK5qQfl0B — CrossBorder Capital/ GLIndexes (@crossbordercap) January 7, 2019 The spread between LIBOR and SHIBOR … Read more
via @hks55: $SPX heading to 1800 DOUBLE TOP $DJI DIVERGENCE
Jimmy Dore discusses news that Israel has used commercial airliners as cover for bombings, thereby putting civilian airliners in danger of being shot down. The U.S. news is largely ignoring this story. AC
via arkansasonline: Crooked Creek Bee Co., the retail sales and processing side of Arkansas’ largest commercial beekeeper, closed this week, a casualty of dicamba, Richard Coy, one of its owners, said Friday. The herbicide has been damaging or killing vegetation essential to pollination by bees the past three years, Coy said. Redvine, a flowering plant native … Read more
https://www.youtube.com/watch?v=rSFw2LTTTyE Do it Mr President. America wants it.
Dems, MSM confirms that Trump can use National Emergency to fund the wall. Trump is holding a press conference and the MSM doesn’t want to cover him. Trump tweets out that the stories about Syria are false. Q drops more bread, confirms that government was run by the DS. RBG might not becoming back to … Read more
by AnonDidNothingWrong Italy populist leaders back France ‘yellow vest’ protests ROME: The two leaders of Italy’s ruling populist coalition Monday spectacularly threw their support behind the “yellow vest” protesters roiling neighboring France. “Yellow vests, do not weaken!” Deputy Prime Minister Luigi Di Maio, who heads the anti-establishment Five Star Movement (M5S), wrote on his party’s … Read more
Despite saying President Trump “should be given the bully pulpit, he owns it,” Lemon was concerned about letting America’s elected leader speak to the people. “But you’re giving him the opportunity to speak to the United States unfettered—to speak to the people of the United State and this President has a problem with the truth,” he … Read more
via wbez.org: Sandra Botello moved to Chicago five years ago for what she called “the opportunities.” Now 41, she and her children had been evicted from her home in Idaho when her landlord’s property was foreclosed. The move to Chicago indeed delivered opportunities. She earned an associates degree and then enrolled at the University of Illinois … Read more
THE POWER OF GLAMOUR: Alexandria Ocasio-Cortez a good dancer, clueless on tax policy. Does the Bernie Sanders-backed U.S. Representative from the Bronx — who wants to abolish ICE — not know there’s seven federal tax brackets in the 2018 U.S. tax code and that the “rich” already pay the lion’s share of taxes? In fact nearly … Read more
Here we go…. SOURCE: KYODO Five-year prison terms were sought Wednesday for three former executives of Tokyo Electric Power Company Holdings Inc. for their alleged failure to prevent the Fukushima nuclear disaster triggered by the March 2011 earthquake and tsunami. At the Tokyo District Court, court-appointed lawyers acting as prosecutors said if the three had collected … Read more
via cbc.ca: A policeman inspects barrels containing stolen diesel fuel, stored in a tire repair shop, during an operation in the municipality of Apodaca, neighboring Monterrey, on July 4, 2011. More than 100 oil workers and contractors hired by Mexico’s state oil monopoly Pemex have aided criminal gangs stealing millions of barrels of fuel over the … Read more
Geraldo Rivera got into a shouting match on Monday night after defending violent illegal aliens on Hannity. Sean Hannity had just interviewed the parents 22-year-old Pierce Kennedy Corcoran of Knoxville, Tennesse who was killed by an illegal alien last week. https://www.thegatewaypundit.com/2019/01/blowout-on-hannity-unhinged-geraldo-defends-violent-illegals-hannity-and-bongino-explode-video/ h/t Voluntaryist
by Troy As the S&P 500 makes a sharp upwards reversal towards its 38.2% fibonacci retracement, the U.S. stock market’s breadth is surging and risk-off assets (USD) are falling. This combination of extremely strong breadth and a decline in risk-off assets often leads to short term weakness before a bigger medium term rally, but sometimes … Read more
by Ron Paul of Ron Paul Institute I’m starting to wonder whether President Trump has any power over US foreign policy at all. Many people believe that the US president is just a figurehead, with actual foreign policy firmly in the hands of the deep state. Trump’s latest dramatic U-turn on pulling troops from Syria certainly feeds such … Read more
by Alasdair Macleod via Mises Wire It is easy to conclude the EU, and the Eurozone in particular, is a financial and systemic time-bomb waiting to happen. Most commentary has focused on problems that are routinely patched over, such as Greece, Italy, or the impending rescue of Deutsche Bank. This is a mistake. The European Central Bank and … Read more
by Charles Hugh-Smith Add up Fragmented, Unevenly Distributed, Asymmetric and Opaque and you get a world spinning out of centralized control. Here are the key dynamics of 2019: fragmented, unevenly distributed, asymmetric, opaque. Want to know what’s happening with inflation, deflation, recession, populism, etc.? It depends on what you own, when you own it, where you … Read more
The stock market has gained on Monday’s trading session after absolutely nothing happened to cause it to move upward. Wait, what did I say? You heard me correctly. The market is anticipating good news coming out of the trade talks and so the market has risen. What information do they have? Non whatsoever. But if … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But this time it’s not a result of a tech bust. That hasn’t happened yet. Housing inventory listed for sale in the two counties that make up Silicon Valley – San Mateo County and Santa Clara County – and in the county of San Francisco, surged by 113% in December compared … Read more
https://www.youtube.com/watch?v=IApJYmPDcT0 Jan. 7, 2019– Mary Greeley News – At least nine states are now affected by gasoline shortages, a situation which President López Obrador says is the result of the government’s new strategy to combat petroleum theft. https://marygreeley.com/?p=79921
https://www.youtube.com/watch?v=d4X3U3dXn5M Jan. 7, 2019– Mary Greeley News – (Reuters) – Chalk it up to years of corporate disconnection from reality, but Pacific Gas & Electric (PG&E) is reportedly now facing bankruptcy after being suspected a culprit of the last devastating Californian wildfires. https://marygreeley.com/?p=79896
Yet another example to add to a pile of data that demonstrates why CNN is THE most trusted name in FAKE “news.” https://www.youtube.com/watch?v=NmvPTXItt8U
WELL, GOOD: Tax Refunds Will Be Paid During Shutdown, White House Says. “New policy meant to ‘mitigate the impact’ of shutdown, Vice President Mike Pence says.” The decision, announced Monday by the White House Office of Management and Budget, would remove one of the biggest potential pains for Americans from the shutdown and allow hundreds of billions … Read more
This Zerohedge article makes the case that the only way for China to avoid a stagnant economy is to back the Yuan with gold. Further, the only way the Yuan can become the global reserve currency and destroy the dollar is to back the Yuan with gold. I believe this is the real issue between … Read more
by John Rubino 2019 is looking like one of those either/or years, where growing financial instability leads to either a 2008-style financial crash or another round of asset inflation. In Jay Taylor’s latest newsletter, he concludes that both scenarios are good for gold: Which Safe Haven Markets Will Dominate in 2019? If we are, as I … Read more