Danielle Park – What’s the Repo Market Trying to Tell You?

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from Financial Survival Network Danielle Park notes that repurchase agreements or Repos are a cornerstone of today’s leveraged economic system. They’ve been around since 1917. It’s a way for banks to eke out a few more basis points on their bond holdings. Just yesterday the interest rate shot up from 2.25% to 10% overnight. This situation is … Read more

Jeff Berwick – Economic System Collapse Inevitable

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from Financial Survival Network According to our good friend Jeff Berwick, reality is completely upside down and reversed. Like in Orwell’s novel 1984, ignorance is strength, slavery is freedom etc. People in America believe they’re completely free, when in reality the opposite is becoming more true by the day. Jeff’s prescription is anarcho-capitalism, free trade in the … Read more

Cancer from tap water?

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A new report from an environmental advocacy watchdog group cautions that carcinogenic products in tap water may altogether increase cancer risk for thousands of U.S. residents over a lifetime. In a peer-reviewed study published in the journal Heliyon Thursday, the Environmental Working Group (EWG) found that 22 carcinogens commonly found in tap water — including arsenic, byproducts of water … Read more

Eliminate indexing tax rates to inflation

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PARTY LIKE IT’S 1979: How Democrats can raise taxes without technically raising taxes. Short version: Eliminate indexing tax rates to inflation. The argument in favor of indexing is that it eliminates “bracket creep.” That’s when more of a taxpayers’ income gets pushed into a higher bracket each year simply due to inflation, and not because of … Read more

The Panic in Interest Rates is Just Getting Started

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by Martin Armstrong QUESTION: Marty; You warned that there would begin a cash shortage and real rates would rise in the private sector starting in September after Labor Day. Ok, it’s about 15 days past that marker and Repo rates have gone completely nuts hitting 10% forcing the Fed to intervene. They were calling it Armstrong’s … Read more

Bank Of America Survey: Recession Fears Have Reached All-time Highs

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by Mac Slavo of SHTFplan According to a new Bank of America survey, recession fears have jumped to all-time highs. A Bank of America Merrill Lynch (BAML) survey of United States credit investors found that the perceived probability of a recession in the next year spiked to 25%, its highest reading. BAML’s survey found that recession risk is now the … Read more

Are You Ready For Another Recession

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by Nilus Mattive via Daily Reckoning Dear Rich Lifer, Although the U.S. economy continues to grow and add jobs, talk of the dreaded “R” word is on the rise due to a number of worrying signs. Yes, I’m talking about a “Recession”. Between the ongoing trade war with China, an inverted yield curve, and the Federal Reserve lowering short-term … Read more

Fed Losing Control Of Interest Rates? Effective FFR (2.30%) Above Target FFR (2.0% – 2.25%), Libor Replacement Soars To 5.25%

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from Zero Hedge If today’s second consecutive repo was supposed to calm the stress in the secured lending market and ease the funding shortfall in the interbank market, it appears to have failed. Not only did O/N general collateral print at 2.25-2.60% after the repo operation, confirming that repo rates remain inexplicably elevated even though everyone … Read more

California bank robber to get charged for cultural appropriation for wearing Mexican mask

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by Dr. Eowyn Only in California. Only in our upside-down America of 2019. Stan Greene reports for the Santa Monica Observer that at 9:45 am yesterday, Sept. 18, 2019, a man wearing a Day of the Dead mask held up the Wells Fargo Bank on 9th St. and Montana Ave. in Santa Monica, California. Brandishing a shotgun, the suspect demanded … Read more

Political persecution: NC high school cheerleaders put on probation for posing with ‘Trump 2020’ banner

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by Dr. Eowyn Source: Facebook On Monday, Sept. 16, 2019, cheerleaders from North Stanly High School in New London, North Carolina, were put on probation for the remainder of the football season for posing with a Trump 2020 banner before a football game last August 30. The school district has not defined the terms of the probation and … Read more

NFLX is a must watch.

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$NFLX is a must watch. Now diverging 25 pct pts from Nasdaq! It’s the first FANG stock… 1) below its 200 DMA;2) with a death cross set up;3) breaking down from a multi-year support; Is this an inflection point for stocks? Still trades at 106x EV to FCF estimate for 2022! pic.twitter.com/k0QkZDDxPs — Otavio (Tavi) … Read more

LT yields near record lows. Inflation at a decade high. Central banks easing massively. Risk parity at risk? All bullish for gold.

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This is huge. 30-year yield vs. core CPI at its lowest level since 1980s! 10-year real yield?Same. Plunging as they did in mid & late 70s! LT yields near record lows.Inflation at a decade high.Central banks easing massively. Risk parity at risk?All bullish for gold. pic.twitter.com/FMhpZXg01J — Otavio (Tavi) Costa (@TaviCosta) September 19, 2019

JPMorgan Chase Violation Tracker

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  Violation Tracker Parent Company Summary Parent Company Name: JPMorgan Chase Ownership Structure: publicly traded (ticker symbol JPM) Headquartered in: New York Major Industry: financial services Specific Industry: banking & securities Penalty total since 2000: $34,478,944,885 Number of records: 134 Top 10 Primary Offense Types Penalty Total Number of Records toxic securities abuses $13,450,500,000 5 … Read more