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By Jared Dillian The Federal Reserve has embarked on QE4—sort of. They are buying Treasury bills. Here we go again. There is a genus of financial commentary that revolves solely around the Fed and its relentless pursuit of credit expansion, and how it will result in inflation. I know, because I used to do this. … Read more
The Manhattan district attorney and attorneys for President Donald Trump have come to an agreement to pause the enforcement of a grand jury subpoena for Trump’s tax returns until after an appeals court issues their opinion and perhaps until after the Supreme Court is asked to hear the case. In a letter filed Monday with … Read more
by Michael Snyder I know that the headline will sound very strange to a lot of my readers, but this is actually happening. On October 25th at 11:59 PM, thousands of witches will simultaneously conduct a ritual which is meant to “bind” Donald Trump. Unlike a “curse” or a “hex”, a “binding spell” is not meant … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Having burned cash for 22 years and counting. “Don’t get me wrong: there is still lots of money out there chasing these companies,” I said in my podcast on Sunday, naming Netflix as one of the perennially cash-flow negative companies – the “cash-burn machines” – that have to borrow huge amounts of … Read more
https://www.youtube.com/watch?v=atqrJosro4Q The [DS] is pushing impeachment, with no vote, they are panicking because they know that the IG report and the Declas are coming. Romney has a secret Twitter account. Trump drops clues at his rallies. The MSM is now getting ahead of the story. The patriots want Schiff to step down. The troops are … Read more
via itweb The technological singularity, an age when machine intelligence surpasses human intelligence, is now expected to take place in 2035, 10 years earlier than initially predicted. This was the word from Shayne Manne, co-CEO of SingularityU Africa and co-founder of experiential brand agency Mann Made. Almost 2 000 attendees filled the conference centre at the Kyalami … Read more
Some excerpts from Jim Grant: “People talk about the absence of liquidity, and liquidity means basically money, it means the capacity to transact in securities at more or less continuous prices. So they say ‘There is not enough liquidity. Can’t the Fed do something?’ Maybe the Treasury is doing too much. Maybe the problem is … Read more
Buyback spending is plummeting as companies spend less amid growing global uncertainty. According to Goldman Sachs, buyback spending slowed 18% to $161 billion during the second quarter, and the firm anticipates that the slowdown will continue. “During full-year 2019, we expect S&P 500 cash spending will decline by 6%, the sharpest annual decline since 2009,” … Read more
An investigation into the rigging of Libor, the benchmark interest rate that tracks the cost of borrowing cash, has been unexpectedly closed. The decision comes despite evidence that implicates the Bank of England. It means no one will now be prosecuted in the UK for so-called “low-balling”, where banks understate interest rates they pay to … Read more
Look to Europe, look to the Far East, look to Latin America, and what do we see? Civil unrest, riots, protests, and what could only be described as the start of the economic collapse. This “bad news” simply can’t be spun as “good news” for the markets. We’re seeing a rolling type of collapse that … Read more
CNN ANALYST JEFFREY TOOBIN SAYS HE REGRETS TALKING ABOUT CLINTON EMAILS, BLAMES IT FOR HER 2016 ELECTION LOSS: CNN’s chief legal analyst Jeffrey Toobin said Monday that he regrets covering the Hillary Clinton email scandal as much as he did, adding that she “very likely lost the election because of” how much the media covered … Read more
https://www.youtube.com/watch?v=-_nmT5ubSr4
Ilhan Omar, 37, is not only dating, but living ‘on and off’ with her married campaign aide Tim Mynett, 38, in Washington DC, DailyMail.com can reveal The two have secret hookups at Omar’s love nest and are taking romantic vacations and making plans for a long-term future together DailyMail.com has obtained photographic evidence that confirms Omar and … Read more
The Liberals remain in a close national race in public support with the Conservatives but are favored to win the most seats, though probably not another majority government. The New Democrats and Bloc Québécois, after making significant gains in the polls, appear to be hitting a ceiling — but could hold the balance of … Read more
Megyn Kelly speaks out about NBC’s alleged Weinstein cover-up for the first time since leaving the network on ‘Tucker Carlson Tonight.’ #Tucker #FoxNews
PACIFIC PALISADES FIRE UPDATE: Blaze has now consumed 30 acres of brush; flames are on edge of properties, but firefighters appear to be keeping them from advancing for now https://t.co/CXIUdcuAbi — ABC7 Eyewitness News (@ABC7) October 21, 2019 #LIVE: Firefighters battling brush fire threatening homes in Pacific Palisades https://t.co/djJ3QgNELo — ABC7 Eyewitness News (@ABC7) October … Read more
ZURICH, Oct 21 (Reuters) – The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed. The Swiss bank’s annual wealth survey released on Monday found 100 million Chinese ranked in the global top 10% as of … Read more
By Harry Dent The only Phd economist I allow to speak each year at the Irrational Economic Summit is Dr. Lacy Hunt. (You can watch his presentation from this year’s conference here.) Lacy can take that complex science and still see the forest for the trees. He can still find reality from all of that great theory to … Read more
by Martin Armstrong QUESTION: Would you please explain exactly what government debt is and who receives the interest payment that governments make on borrowings? I thought that Governments borrowed from their respective central banks and paid the central bank interest on the debt. I never understood why a government would have to pay any interest. My … Read more
