Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Supply chains begin to shift back to US suppliers, “due to tariffs.” Two US manufacturing reports were released this morning, one showing the fastest decline since June 2009, and the other showing an increase in growth, and given the bad numbers recently, the fastest growth in five months. So get ready … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But what happens if there’s actually a recession? The US gross national debt jumped by $110 billion on the last two business days of Fiscal Year 2019, and by a breath-taking $1.2 trillion during the entire fiscal year, after having already jumped by $1.27 trillion in Fiscal 2018, the Treasury Department … Read more
Watch out pizza world: this pizza robot could shake things up. Seattle startup Picnic announced Tuesday that it has a developed a unit that can make 300 12-inch pizzas per hour and 180 18-inch pizzas per hour. We are excited to unveil our first-of-its-kind intelligent food assembly platform. See us in action at Seattle's @TMobilePark. To learn … Read more
Americans on average spent more on taxes in 2018 than they did on the basic necessities of food, clothing and health care combined, according to the Bureau of Labor Statistics Consumer Expenditure Survey. The survey’s recently published Table R-1 for 2018 lists the average “detailed expenditure” of what the BLS calls “consumer units.” “Consumer units,” … Read more
via lifesitenews: VATICAN CITY, October 1, 2019 (LifeSiteNews) – Vatican police raided its own Secretariat of State this morning to seize evidence connected to suspicious financial transactions that have been allegedly carried out over time. According to a bulletin released by the Holy See’s Press Office, “documents and electronic devices” were seized from “certain offices of the First … Read more
The [DS]/MSM is now projecting their panic and fear onto Trump. The whistleblower or leaker narrative is falling apart, the MSM/DS is getting caught in what they did. Sidney Powell and Flynn are battling the DOJ, and she is winning, the DOJ will not produce the evidence she needs. NK talks are back on. Trump … Read more
by Michael Snyder We just witnessed the worst month for U.S. manufacturers in more than 10 years, and nobody seems optimistic that things are going to get much better any time soon. In fact, one expert is warning that “more damage” is coming if the trade war is not resolved, and unfortunately it does not … Read more
https://www.youtube.com/watch?v=KDYP5cEjLj0
Turbulent times are often written about in the history books and myths and legends appear alongside them. However, at the time, many cannot really understand what’s happening. They’re simply going about their lives. Some are doing well. Some are struggling. Life goes on. Certain statistics can foreshadow future events. Some have higher weight and correlation … Read more
The CIA Operative Lied on the Old Whistleblower form Claiming to Have First Hand Knowledge. Deep State then Changed Form to Not Needing First-Hand Knowledge, So they Changed Story and Refilled Again Clip Around 29 Minute Mark https://youtu.be/JVKTLR9F-UQ It’s disgusting, and there needs to be consequences. A few years in jail for these plotters who … Read more
Democrats know their message is poison. Hillary would get more votes than any of the others. AO
via MarketWatch: CLO funds, the biggest buyers of U.S. leveraged loans, could see another sharp, fourth-quarter sell-off as investors look to avoid the sting of weak economic data and signs of financial stress at debt-laden companies, Bank of America Merrill Lynch analysts warned in a recent client note. Problems that have plagued the nearly $600 … Read more
via pionline: When it comes to public pension plans’ assumed rates of return, what is rare today was quite common less than 10 years ago. Only three of 129 public plans tracked by the National Association of State Retirement Administrators have assumed rates of return at 8%. In 2010, by contrast, 59 plans had assumed … Read more
https://twitter.com/GreekFire23/status/1179035532577263617 https://twitter.com/NorthmanTrader/status/1179045737373544449 DEUTSCHE: “For the past year, we have seen a steady decline in US consumers’ interest in buying large household goods, i.e. washers, dryers, computers, TVs, furniture etc. This sentiment indicator has historically been a very good leading indicator of the business cycle” (Slok) pic.twitter.com/NSsk7xu7hp — Carl Quintanilla (@carlquintanilla) October 1, 2019
The S&P 500 has fallen slightly since the central bank delivered the first rate reduction in more than a decade in July. The correlation between the S&P 500′s price-earnings ratio and the fed funds rate has broken due to the long period of low rates since the early 2000s, UBS noted. “Fed rate cuts are … Read more
by jerschneid Fidelity Released Zero Fee Index Funds The exploding popularity of low fee index index funds in recent years has been putting pressure on brokerages to push their index fund expense ratios even lower. About a year ago, Fidelity ramped up that battle when they released four 0% expense ratio index funds, including FZROX a zero … Read more
We just set a new record again.Italy now joined the pack. Today 19 economies have their 30-year yields below the Fed funds rate. Previous extremes proved to be a bad omen for the global economy. The Fed is cutting rates, and this count keeps rising. pic.twitter.com/C5kFHeux9H — Otavio (Tavi) Costa (@TaviCosta) September 29, 2019
https://www.cnbc.com/2019/10/01/charles-schwab-is-eliminating-online-commissions-for-trading-in-us-stocks-and-etfs.html “Charles Scwab said on Tuesday that it is ending commissions for online trading in U.S. stocks, exchange-traded funds and options. The changes will apply to securities on Canadian exchanges as well.” Wow that’s quite a game changer between SCHW and IB, the other brokerages are in big, deep shit if they can’t … Read more
by chaney3 Introducing the newest brand of full-blown autism™, I present to you the California / Europe ultimate bear portfolio! Based on a special blend of my extra chromosomes and a spicy mix of hate for California, this portfolio will blow average market returns out of the water based on the following assumptions (Cetaris Paribus): … Read more
