Trade revisions post a warning for UK GDP

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by Shaun Richards This morning has shown us that the way that the UK government deals with the private-sector has issues. From Reuters. Interserve Plc’s (L:IRV) shares sank almost 60 percent in value on Monday after the British outsourcing company announced a rescue plan that was likely to see a big part of its debt converted … Read more

The Coming Political Siege Warfare of 2019

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by Martin Armstrong   As I have warned, the next two years are going to be an outright political siege warfare. Far more damage will be done to the United States and the world economy in this desperate attempt for the Democrats to retake the White House in 2020. Congress will launch its investigation of Trump’s … Read more

Why Another 50% Correction Is Possible

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by Lance Roberts All of sudden….volatility. Well, that is what it seems like anyway after several years of a steady grind higher in the markets. However, despite the pickup in volatility, the breaks of previous bullish trends, and a reversal in Central Bank policy, it is still widely believed that bear markets have become a relic … Read more

250 times James Comey couldn’t or wouldn’t answer congressional questions

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Per Judge Jeanine, I trust her https://youtu.be/Ujk9GhbknO8 Justice With Judge Jeanine Fox News Shows Today December 8 2018 Hillary did the same thing Comey’s confession: dossier not verified before, or after, FISA warrant Deep State Engineered Sessions’ Recusal! – Comey Withheld Info From Sessions Because He Knew About His Recusal Beforehand ,,Via Tom Fitton Comey … Read more

Rand Paul Calls Trump’s Nomination Of William Barr For Attorney General ‘Very Troubling’

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Sen. Rand Paul (R-Ky.) on Sunday bashed President Donald Trump’s nomination of William Barr to lead the Justice Department, calling the corporate attorney’s views on surveillance “very, very troubling.” The Republican lawmaker lambasted Barr, who previously served as attorney general from 1991 to 1993 under President George H.W. Bush, for being in favor of expanding the government’s ability to spy … Read more

Top 50 Places to Live in the United States in 2018

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by howmuch There are lots of ways to compare cities against each other. To name only a few, you could look at average income, expenses, housing prices, crime rates, the quality of schools, traffic, proximity to professional sports teams, weather, politics, job security and racial diversity. The list goes on and on. With so many different … Read more

RULES ARE FOR THE LITTLE PEOPLE, AND SNITCHES GET STITCHES: HOW THINGS WORK IN BLUE CITIES.

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SF DA Gascón carried guns on planes, then whistle-blower was fired, suit says. A former senior investigator says he was fired for blowing the whistle on his boss, San Francisco District Attorney George Gascón, who he alleged carried a gun while flying — in violation of federal law. Gascón reacted with a “pattern of retaliation … Read more

ANTISOCIAL MEDIA: Facebook Was Fully Aware That Tracking Who People Call and Text Is Creepy But Did It Anyway.

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via gizmodo: The business team wanted to get Bluetooth permissions so it could push ads to people’s phones when they walked into a store. Meanwhile, the growth team, which is responsible for getting more and more people to join Facebook, wanted to get “Read Call Log Permission” so that Facebook could track everyone whom an Android … Read more

CHANGE? A lawsuit is asking the Supreme Court to overturn a Massachusetts rule that prohibits companies from campaign contributions while exempting unions from similar restrictions.

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via freebeacon: The pro-free market Goldwater Institute and Massachusetts Fiscal Alliance petitioned the high court to review the Massachusetts Supreme Judicial Court’s unanimous ruling approving campaign finance restrictions placed on for-profit businesses. The state court ruled in 1A Auto, Inc. and 126 Self Storage, Inc. v. Sullivan that the law did not infringe on the First … Read more

Stealth Moves Behind The Scenes, Investigations, Control Moves To Senate

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Mueller cannot find Russian collusion. Comey testifies behind closed doors and refuses to answer question or says he can’t remember. Does admit dossier was not verified. House Chair Nadler will end investigation, Senate was the target. Trump nominates Barr, stealth move to put all eyes on Barr which will allow Whitaker to work behind the … Read more

The Conflicting Forces of Modernism: Kafka and Kierkegaard

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by Charles Hugh-Smith We seem to be heading into a confrontation between the two forces of Modernism: the primacy of the individual versus the increasing technological and economic might of the central state. In Kafka’s Nightmare Emerges: China’s “Social Credit Score” (May 7, 2018), I wrote about Kafka’s vision of a bureaucratic nightmare emerging in China’s “Social … Read more

The West Coast Housing Bubble Bursts Even Without Tech Bust, which is still to come.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The biggest housing markets of the West Coast — the Seattle metro, the San Francisco Bay Area, and the Los Angeles and San Diego metros — went through phenomenal price inflation over the past few years, with prices having shot way past their highs of Housing Bubble 1, before it imploded. … Read more

10 out of the 13 the stock market was already in a bear market…. Russell 2000 looking weak.

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https://twitter.com/OccupyWisdom/status/1071472937138614272 https://twitter.com/OccupyWisdom/status/1071570254730530817 Breaking down this support would virtually eliminate near-term potential for $SPX $ES_F to be saved & trigger the boxed scenario (in red) targeting 2189 pic.twitter.com/zymyBhbZYO — mcm-ct.com (@mcm_ct) December 8, 2018 $SPX going back 20 years. Red circles when 50 day crossed below flattish 200 day. Not a bullish sign obviously. We'll see … Read more

The World Is Nearing The Point Where Global Central Banks Would Inject A Bunch Of Credit Into The Global Economy – If That Does Not Happen – Then Hard Landing Is Likely

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IMHO:1) Dollar in range of past 5 years2) 2018 was global synchronized growth, now synchronized slowdown3) EM face massive maturity wall in USD 19 and 204) Commodities collapsed All = Run away from EMs into a deflationary slowdown with massive $ denominated maturities ahead — Daniel Lacalle (@dlacalle_IA) December 8, 2018 https://twitter.com/MacroTechnicals/status/1071475282421403648 1881 of 2767 … Read more

HSBC, Longtime Money Launderer for Terrorists, Implicated in Huawei/Iran Fraud

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WASHINGTON (Reuters) – Chinese telecoms giant Huawei Technologies Co Ltd’s chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to people familiar with the probe. The United States has been looking since at least 2016 into … Read more

People’s Bank of China Advisor Says China Should Start Planning for Bailout Now

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(Bloomberg) — People’s Bank of China adviser Ma Jun has probed the economy for triggers of financial turbulence, and proposed measures including direct bailouts of enterprises and bank re-capitalization should a crisis hit. Property bubbles, local government contingent debt, the heavy reliance on land sales for financing or the shadow banking sector could set off … Read more