Peter Schiff: We Don’t Have A Good Economy…We Have BAD MONETARY POLICY!
by Peter Schiff of Peter Schiff Podcast New Highs in the Headlines – We had record high closes today in the S&P 500, the NASDAQ composite; the Dow Jones not quite a new record but still up better than 300 points: 301.13 to be precise. Of course, all of the headlines, and President Trump – they’re going to … Read more
BREXIT – Live Decline & Fall of Western Society
by Martin Armstrong Prime Minister Boris Johnson apologized on Sunday to Conservatives for failing to take the U.K. out of the European Union by Oct. 31st. Nigel Farage said he won’t personally run for a seat in Parliament. The plan to leave by Oct. 31st was blocked by the Remain crowd who refuse to accept … Read more
The Next Natural Gas Superpower
By Simon Watkins Following the temporary withdrawal of China from Phase 11 of Iran’s supergiant South Pars gas field due to the political backlash that the deal – and related deals – engendered, the Petroleum Ministry has been looking to domestic companies to keep production going in the meantime. Given the technical and financial constraints … Read more
Voters in Los Angeles approved a scheme for the city to spend $1.2 billion building housing for some of its 27,000 homeless people and at an average cost of $531,373 per unit it’s emerging as a total fiasco
Consulting and finance comprise 40% of the cost, lol. That state is a such a corrupt train wreck. LOS ANGELES – Having made a deep financial commitment to create housing for some of its 27,000 unsheltered homeless people, Los Angeles is falling short in building new apartments to take thousands of people off the streets, a new study finds. Nearly … Read more
It’s just irresponsible to pretend she can do this without destroying the middle class and the economy.
Her plan costs $52,000,000,000,000 and there are about 600 billionaires in the US. If you took $1 Billion from each of them you cover about 1% of her plan. It’s just irresponsible to pretend she can do this without destroying the middle class and the economy. https://t.co/hRPaXIepxY — Donald Trump Jr. (@DonaldJTrumpJr) November 4, 2019 … Read more
These are the types of articles that get written near a market top
by MikeThePutz 100k car, 50k home sounds about right
Under Armour shares crater on accounting probe, slashed 2019 revenue outlook
https://www.cnbc.com/2019/11/04/under-armour-uaa-earnings-q3-2019.html Earnings per share: 23 cents vs. 18 cents expected *Revenue: $1.43 billion vs. $1.41 billion expected
Hungary CenBank chief Matolcsy calls Euro a trap. Urges exit option. Two decades after the euro’s launch, most of the necessary pillars of a successful global currency are still missing.
Hungary CenBank chief Matolcsy calls Euro a trap. Urges exit option. Two decades after the euro’s launch, most of the necessary pillars of a successful global currency are still missing. Most eurozone countries fared better before Euro than they did w/ it. https://t.co/askb0HnZ3g pic.twitter.com/k3Np5hjQM6 — Holger Zschaepitz (@Schuldensuehner) November 4, 2019 The Euro Is … Read more
China indicates that it will aim to buy $20 billion in U.S. farm goods in the first year of an initial deal. But if the trade war hadn’t started, China’s 2020 purchases would have exceeded $27 billion
China indicates that it will aim to buy $20 billion in U.S. farm goods in the first year of an initial deal. But if the trade war hadn't started, China’s 2020 purchases would have exceeded $27 billion https://t.co/LGJqg5G8yI — Win Smart, CFA (@WinfieldSmart) November 4, 2019
Long-time market Perma-Bull Edward Yardeni is concerned stocks are getting too expensive… Blackstone strategist Joseph Zidle : The ‘mother of all bubbles’ could blow up the economy if profits don’t improve
Long-time market bull Edward Yardeni is concerned stocks are getting too expensive. If the S&P 500 forward earnings multiple ticks to 19 or 20, the Yardeni Research president warns a it could spark a “nasty correction.” Right now, the index is at 17. The historic norm is 15 to 16. “I just don’t want too … Read more
Latest weekly data show major Central Banks’ balance sheet flat-lining. Major players not yet moving in sync, the overall direction of travel is encouraging.
Latest weekly data show major Central Banks’ balance sheet flat-lining. Major players not yet moving in sync, the overall direction of travel is encouraging. #Fed is re-engaging QE #BOJ liquidity provision increased and #ECB liquidity is shrinking slower : act@liquidity.com info pic.twitter.com/xBIoaGMxd4 — CrossBorder Capital/ GLIndexes (@crossbordercap) November 4, 2019 Latest UK Liquidity data from … Read more
uh oh trouble
US Factory Orders Slump In September, Biggest Contraction Since July 2016 https://t.co/9GTRnspa45 — zerohedge (@zerohedge) November 4, 2019 Start paying attention to the consumer. Big under performance emerging over past two weeks. Consumer services vs. $SPX pic.twitter.com/a27OVG1l4o — Teddy Vallee (@TeddyVallee) November 4, 2019 uh oh trouble https://t.co/RJirCPs9VX — Alastair (@StockBoardAsset) November 4, 2019 ICYMI: … Read more
Mish: Chicago Headed For Insolvency, Get The Hell Out Now!
Authored by Mike Shedlock via MishTalk, Chicago Mayor Lori Lightfoot and the Teachers Union reached agreement on a deal sure to send Chicago over the cliff. The Wall Street Journal Editorial Board blasts Chicago Mayor Lori Lightfoot for her deal with the Chicago Teachers Union (CTU). The deal will further wreak havoc on the already insolvent … Read more
President Trump BOOED AGAIN At MLB Game – There’s Just ONE Problem
https://www.youtube.com/watch?v=uV6h1ej3tog Dave Urbanski from The Blaze reports, It appears Washington Nationals’ fans weren’t done expressing their disdain for President Donald Trump. A bunch of them made headlines Sunday when they booed and chanted “lock him up” at Trump, who attended Game 5 of the World Series between the Nationals and the Houston Astros at Nationals … Read more
Comedian Banned From Banking
Today, a comedian called Dick Masterson had his bank account terminated for the second time this month, first by Bank of America. He alleges that customer support told him that Discover ordered Chase to end his merchant account. This complicates matters as this can potentially effect payouts for users on his alternative crowdfunding website, NewProject2.