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
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
From Birch Gold Group Pension programs may suffer due to a new round of currency wars that are poised to begin between the ECB (European Central Bank) and the U.S. Last week, the ECB made the first move by lowering its already negative benchmark rate by another 10 basis points to -0.50%. Dave Gonigam described the ECB’s move … Read more
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
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
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
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
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
quote Delta passengers on a flight from Atlanta to Fort Lauderdale were so terrified when their plane suddenly dropped nearly 30,000 feet that they began texting family members to tell them they loved them https://www.rt.com/usa/469171-delta-flight-plunges-photos/
https://www.youtube.com/watch?v=q3Z0l1NwLNY Cristina Laila from The Gateway Pundit reports, Hillary Clinton should be in jail for transmitting classified information over a private server, not walking the streets of Italy and mocking the US from abroad. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…
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
Remarkable decline in NYC’s Madison & 5th Avenue rents over the past 3 years @REBNY pic.twitter.com/6s8CrJQwEg — Liz Ann Sonders (@LizAnnSonders) September 18, 2019
$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
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
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
Back to easing? It never went away. “Normalisation” was a fallacy. Central banks have become hostage to their own actions: if they normalise, financial assets fall, if they ease, economic impact is imperceptible. pic.twitter.com/xagtx9v1dF — Daniel Lacalle (@dlacalle_IA) September 18, 2019
via MarketWatch: Four of the five American cities with the greatest incidences of unsheltered homelessness are in the Golden State More than half a million people are homeless each night in the United States, a new White House report has found. And nearly half of them are concentrated in one state: California. All told, 47% … Read more
via mises: One’s own bookcase provides the perfect illustration of time preference, which is the greater value of possession over non possession. There will be books bought on a whim which just clutter a bookshelf and have no value. Next time there’s a clear-out, they are destined for the charity shop: there’s no difference in time … Read more
via economist: Loan talks with Belarus; funding for bridges in Liberia; a possible gas project in Timor-Leste; accusations of exploitation in Tanzania; a corporate dispute in India; pledges to support the Rwandan private sector. And that was just the past few weeks. Such is the frenetic pace of China’s overseas lending that its outstanding loans have risen … Read more
The OECD projects that the global #economy will grow by 2.9% in 2019 and 3% in 2020 – the weakest annual growth rates since the #FinancialCrisis. Read more in our latest Interim #EconomicOutlook ➡️ https://t.co/QKixmz5XUi pic.twitter.com/pUgp1Y0SUj — OECD ➡️ Better Policies for Better Lives (@OECD) September 19, 2019