A group of Italian Economists estimated in 2013 that the size of the international shadow banking system was around $67 Trillion USD. They used the widely observed economic relationship that total visible assests and and balance sheets of financial entities follow an exponential relationship, ie. the entities at each higher level of the ‘pyramid’ are … Read more
by sundance House Judiciary Committee ranking member Doug Collins filed an amicus brief yesterday (full pdf below) highlighting why the Judiciary Committee should be blocked from receiving grand jury material against the backdrop of an impeachment effort without support from the House of Representatives. View this document on Scribd House Democrat “investigations” further reveal “impeachment” … Read more
By Robert Ross Have you checked the returns on your dividend-paying stocks lately? If so, you should like what you see. See, most value stocks also pay dividends. And value stocks have been on an incredible run over the last month. They’ve outperformed growth stocks by 9%, according to Bank of America Merrill Lynch. This … Read more
https://twitter.com/RealSaavedra/status/1179908480322289664 Their solution is to eliminate humanity. Children will be targeted as well as the parents who DARE to have children. IT’S A COOKBOOK! Woman Snaps At AOC Over Climate: ‘Start Eating Babies!’ ‘We Only Have A Few Months Left!’ She could well be a GOP ringer* crashing AOC’s town hall, but as Ryan Saavedra writes … Read more
by Egon von Greyerz “There is something vaguely troubling when the unthinkable becomes routine” This is what Claudio Borio of the BIS (Bank for International Settlement) commented on the $17 trillion of debt with negative interest. He went on to say: “Even at the height of the Great Financial Crisis this would have been unthinkable.” But … Read more
via deadspin: Dozens of staffers at Sports Illustrated are expected to be laid off as early as Thursday, according to sources and published reports, and the cuts could be as deep as 50 percent of staff. Late Wednesday night, SI staffers received emails telling them to report to a “transition meeting” on Thursday. Staffers compared the emails and quickly realized … Read more
via nbclosangeles: Last month, President Trump warned of a potential violation notice, saying the city was allowing needles and human waste to go through storm drains to the ocean — an allegation denied by city officials. EPA Administrator Andrew Wheeler also sent Gov. Gavin Newsom a letter last week alleging waste left by the homeless in … Read more
via propublica: Congress asked the IRS to report on why it audits the poor more than the affluent. Its response is that it doesn’t have enough money and people to audit the wealthy properly. So it’s not going to. The IRS audits the working poor at about the same rate as the wealthiest 1%. Now, in response … Read more
Reports indicate that #Iraqi premier Abdulmahdi may resign after couple of hours. — Barzan Sadiq (@BarzanSadiq) October 3, 2019
https://youtu.be/sDikCNcUF9E There has to be some kind of age limits/term limits/literacy test for congress This is getting ridiculous. These mentally ill people need locked away where they can get “help” Certainly not destroying America one lib city at a time AC
Because no one does due diligence anymore How did WeWork go from a $47 billion valuation to near bankruptcy in just 6 weeks? https://t.co/k4Uqsga3UZ pic.twitter.com/5veQ2dNdiU — CNBC (@CNBC) October 3, 2019
Authored by Sven Henrich via NorthmanTrader.com, Before you go all “here he goes again” I’m not calling for a double top, I’m highlighting the risk that markets may have made a double top and that has implications. Let’s explore the evidence, then let’s discuss the risk. Firstly, a set of plain facts: $SPX made a … Read more
by Boneyg001 Please don’t fool yourselves with this last hour rally! It’s a trap by the market makers to curb stomp those a little late on joining 🐻 BEAR GANG 🐻 so they can squeeze out more profits with another big red candle when you foolishly sell your puts for a big loss and buy into … Read more
Falling Fireballs Crashed in Chile Last Week. They Weren’t Meteorites, Experts Say. Chilean officials are investigating a curious collection of burning objects that fell onto parts of the country last week. Goodness gracious! Great balls of fire rained from the sky in Chile last week, and officials are still trying to figure out what … Read more
U.S. Services Gauge Drops to Three-Year Low as Hiring Slows (Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. America’s service industries joined manufacturing in taking a big step back last month, fueling concerns that the global slowdown and trade war are … Read more
Jeep Dealer’s $50,000 Sticker Shock Captures Auto Sales Stress (Bloomberg) — Robert Loehr’s dealership is hanging in just fine, much like Fiat Chrysler Automobiles NV’s sales did last quarter. But just as investors doubt the U.S. car market can sustain near-record results for much longer, the Georgia retailer is apprehensive about a key issue: sticker … Read more
NEW YORK (AP) — While trying to lose weight, Becky Beach found assistance in an unlikely place: thousands of online videos featuring people binging on massive amounts of ramen, burgers, chicken wings and seafood boils brimming with crab and lobster. The South Korea-rooted video trend is known as “mukbang,” and it has spread to the … Read more
by John Ward This site caused something of a stir yesterday in asserting that getting Sovereign Brexit on 31st October is a lost cause. Below I outline further my reasoning, using the real time pressures, tied hands in Downing Street and the inevitability of a huge econo-financial crash in the very near future to make clear … Read more
from Financial Survival Network Danielle Park returns… The current low rate environment is creating malinvestment and economic anomalies wherever you look. From 8-9 year auto loans, to distorted real estate markets, it’s all over the economic landscape. The cure is coming and it may well be worse than the disease, at first anyway. Transitions to new economic … Read more
by Joe Guzzardi Countless reports, all based on irrefutable federal data, have been published that show immigration non-action has reached crisis level. But no matter how dire the reports’ content may be, meaningful progress that would benefit Americans and immigrants’ alike crawls along at a sub-glacier pace even though true strides forward are within reach. First, … Read more