WASHINGTON — The Trump administration has taken a long-awaited stance on how it envisions a future housing finance system, and it resembles legislative proposals enabling Ginnie Mae to back multiple private-sector guarantors. The Treasury Department made clear in a much-anticipated report that its ultimate preference is for Congress to take up reform of the government-sponsored enterprises. That … Read more
by foiltape I created this chart using Excel. Source: Wikipedia – Blood type distribution by country
by mercalli WSJ – WeWork Weighs Slashing Valuation by More Than Half Amid IPO Skepticism [Non-paywall] http://archive.is/cA7wu Adds some doubt to buying puts outright, maybe time to buy calls with SoftBank’s deep pockets trying to prevent a bloodbath.
via freightwaves: Barring an eleventh-hour agreement, the U.S. Postal Service (USPS) will leave the Universal Postal Union (UPU) on October 17, ending 144 years of U.S. involvement in the international body that governs the exchange of mail and postal parcels between countries, and perhaps fundamentally changing the landscape of global air shipping. Members of the 192-member … Read more
By Selco People want definitive solutions, manuals that gonna help them step by step, lead them from point A to point B. It works in any field of life, so it works too in the field of survival. It is one of the reasons why we as humans become more and more dependent on the … Read more
https://www.youtube.com/watch?v=4dXhrzcjJBU
Interesting story up at the New York Post about Mueller’s obstruction of FBI agents investigating Saudi involvement in 9/11. After a lengthy investigation, special counsel Robert Mueller charged Russia made “multiple, systematic efforts to interfere in our election” and said the incursion “deserves the attention of every American.” But former FBI investigators say their old … Read more
Authored by Jeffrey Snider via Alhambra Investment Partners, Chinese monetary authorities announced yesterday what will be for some of its banks a seventh round of “stimulus.” For the largest institutions, it will “only” be their sixth and the first one since January 2019. The PBOC has decided it is time for more RRR cuts. Effective September … Read more
BY JOHN RUBINO Wayne Jett: bad guys won’t be allowed to keep stolen wealth … Alasdair Macleod: The startling reason gold will run … David Stockman: Can the American Empire survive a failing economy? … Nouriel Roubini: Markets are too complacent, chance of recession over 25% … Keiser Report: If you can’t stand the heat … Read more
Via InternationalMan.com, Doug Casey’s Note: David Stockman is a former congressman and director of the Office of Management and Budget under Ronald Reagan. Now, anyone with connections to the government should elevate your suspicion level. But as you’ll see, David is a genuine opponent of government stupidity. Although his heroic fight against the Deep State … Read more
Authored by Mike Shedlock via MishTalk, Alpine Macro has an interesting article on risk. They provide two extremes, melt up and melt down. Melt Up or Melt Down? Please consider some snips from Fat Tails. Everyone on Wall Street is freaking out over the 2/10-year yield curve inversion, with recession being the most feared outcome. I … Read more
via Zerohedge: Nobel laureate Robert Shiller sat down with Bloomberg this week to discuss narrative economics, which is how a story or a series of related economic events can drive animal spirits in an economy. Shiller talks about the trade war, consumer spending, and even drops a bombshell of why he thinks the housing market could be … Read more
Breaking: @Joi Ito resigns from @MIT @medialab https://t.co/lLCYWHIfSO — David Enrich (@davidenrich) September 7, 2019 Emails indicate effort by MIT administrators to hide Epstein gifts and their understanding that Epstein directed gifts from Bill Gates and Leon Black. Here’s update on @RonanFarrow exclusive from last night. Ito resigns. MIT launches independent investigation. https://t.co/JM41Ec5XF2 pic.twitter.com/mo9TZWjcUo — … Read more
BOSTON — Jasiel Correia II, the already embattled mayor of Fall River, Massachusetts, was arrested Friday on new federal extortion charges for allegedly operating a scheme to help marijuana vendors get approval to operate in exchange for hundreds of thousands of dollars in bribes. Prosecutors say Correia agreed to sign non-opposition letters in return for significant six-figure payments from four marijuana vendors … Read more
Young Americans Against Socialism (@YAAS_America) tweeted at 0:27 PM on Sat, Sep 07, 2019: This video out of Venezuela is extremely difficult to watch. It’s heartbreaking. But this is how socialism always ends — in tragedy. USE-FULL-LINK-3KMDdrXISM https://twitter.com/YAAS_America/status/1170373078066630657?s=03) UFS
by youme Let’s check in on Warren’s rally in NH…. pic.twitter.com/SAUNkdc7PR — Daily Caller (@DailyCaller) September 7, 2019 and the report is….. https://twitter.com/fox_c4EW/status/1170335007946285056
by Dutchman The goal is CONTROL, “by any means necesary”; and actually that means weakening the POTUS, and strengthening Congress. Congress abdicated the responsibility to declare war, so POTUS takes the blame, yet they maintain control, thru war powers act and funding. Senate dictates to POTUS his cabinet, there is no “consent” in “advice and consent”; … Read more
by TFittonJW Keeping on: https://www.judicialwatch.org/press-releases/judicial-watch-federal-judge-criticizes-state-and-justice-departments-on-clinton-email-cover-up/
Authored by Phillip Marey, senior US Strategist at Rabobank The tone of Fed Chairman Powell’s remarks in Zurich was similar to that of his speech in Jackson Hole. Powell repeated the statement that the Fed will ‘act as appropriate to sustain the expansion,’ which indicates that he is leaning toward a September rate cut. Earlier today, … Read more
