The central bank announces it’s taking down its benchmark overnight lending rate to a target range of 1.75% to 2%. According to the Fed’s “dot plot” of individual expectations, five members thought the FOMC should have held its previous range of 2% to 2.25%, five approved of the 25 basis point cut but keeping rates … Read more
FedEx says it is lowering its full-year guidance for the fiscal year 2020 and now projects earnings between $10.00 to $12.00 per diluted share. In August, FedEx announced it was ending its ground delivery contract with Amazon. Shares of FedEx fell more than 9% during after-hours trading on Tuesday after the company missed quarterly earnings estimates and lowered … Read more
Investors are keeping a wary eye on oil after weekend attacks on Saudi Arabia crude facilities triggered the largest one-day gain for the commodity since 2008, and plenty of risk-off action all over. The cautious tone looks here to stay as attention turns to the two-day Federal Reserve meeting starting on Tuesday. Some are doubting … Read more
via CNBC: Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, Simon Baptist, global chief economist of the Economist Intelligence Unit, told CNBC. European banks have struggled for years in a persistently low interest rate environment. Low interest rates hurt lenders’ profits as they narrow the margin … Read more
by tattooedgothqueen Please read this if you have a friend or family member that it Medicare eligible. It could save them from paying a bill they DO NOT OWE. I spent the day at an educational seminar on Medicare billing. On October 1st of this year (2 weeks from now), Medicare will be drastically changing … Read more
Over 1500 Yellow Vest marchers walked in a silent demonstration through the town of Oughterard on Saturday in opposition to any plans to accommodate asylum seekers at the former Connemara Gateway Hotel. The population of the town was 1,318 according to the 2016 census. AC
After listening to Douglas, you may want to know more about George Soros’ purple revolution to take over of America https://aim4truth.org/2017/03/05/over… https://aim4truth.org/2017/02/19/geor…
https://www.youtube.com/watch?v=TwiVXH9C06w Cristina Laila from The Gateway Pundit reports, Hillary Clinton just won’t stop whining about her 2016 election loss. Loser Hillary spoke at George Washington University on Tuesday where she claimed that she is counseling 2020 Democrat hopefuls on how to run a successful campaign. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…
by The_In-Betweener So I was going looking over to see the most recent references to usury and this guy popped up An interesting quote since many now consider the human race to be a scourge of the earth. More comments from him: You never sought power over anyone. Yet now: You’re ruled by a clique … Read more
via washingtonpost: A Columbia Journalism Review poll released this year found that half of all Americans have “hardly any confidence at all” in the media, which beat out even Congress as the institution for which the public has the lowest confidence. It’s not hard to see why. Last week, CNN reported that the CIA was forced … Read more
by Th3Hon3yBadg3r This article does a nice job explaining how oligarchs push their agenda through corporate media. https://fair.org/home/the-incredible-belief-that-corporate-ownership-does-not-influence-media-content/ Most folks are aware that people are in bubbles, some even recognize that they themselves are in a bubble. How many are aware though of who owns the bubbles? There is a very simple divide in humanity, … Read more
by Fabius Maximus Summary: It’s a New America, with new rules. High among them is that one should never be questioned by the police without an attorney. Mueller’s RussiaGate investigation proved this, as even Washington insiders that ignored this rule paid dearly for it. Here are the many reasons to be wary of the police. ID … Read more
by Craig Hemke of TF Metals Report By now, you’ve heard of the indictment of three, key JP Morgan employees and the charges of precious metals market manipulation. Well, I’ve just unearthed a nugget that will leave you speechless. If you’ve been around here for a while, you’ll recall my secondary role in 2012 of assisting Andrew Maguire … Read more
Via Bruce Wilds’ Advancing Time blog, While we read a great deal about the huge trade deficit America runs with China it is important to understand we are not the only one. Other countries also have this problem. Europe as a whole runs a solid trade deficit with China. In some ways, this is balanced … Read more
via RT: Facebook has unveiled the charter for its ‘supreme court,’ a supposedly independent content moderation board that will take money from, and be appointed by, Facebook itself – while making binding decisions. What could go wrong? Facebook has released preliminary plans for an “Oversight Board” tasked with reviewing content disputes. The 40-member body, referred … Read more
CNBC, Released on 9/18/19 Doubleline Capital CEO and founder Jeffrey Gundlach joins ‘Fast Money Halftime Report’ to discuss the Fed rate decision, if there is a recession risk and his market call. Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and … Read more
by Joe Guzzardi Every time an immigration conflict appears on the horizon, expansionists press for one of two solutions: amnesty or broader guest worker programs. Most often the push for more comes from Beltway lobbyists, but often the pressure emanates from within the sitting administration’s cabinet members. George W. Bush’s confidant and Secretary of State Condoleezza Rice is … Read more
by Simon Black In a concept paper called “Treat Wealth Like Wages”, the ranking member of the US Senate Finance Committee laid out a plan late last week to radically overhaul the tax code in a way never before seen. Just as you’d expect from the title, his central idea is to tax wealth; if you … Read more
The Fed has hit the panic button after the overnight repurchase (repo) rate for overnight borrowing spiked 4 fold. Officially $128 billion in emergency liquidity capital injections have been lent to large banks in only 48 hours.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Ginormous numbers, FX swaps and spot trades, USD, EUR, JPY, GBP, Australian & Canadian dollars… but where the heck is China’s CNY? It happens every three years: The Bank for International Settlements released its Triennial Central Bank Survey about the global foreign exchange (FX) and over-the-counter (OTC) derivatives markets, as it occurred in … Read more