By Nick Cunningham The world’s largest oilfield services companies warned of write-downs and consolidation due to a slowdown in the U.S. shale industry. Spending cuts by shale drillers could force a consolidation, Halliburton’s CEO Jeff Miller said at the Barclays CEO Energy-Power Conference on Wednesday. Miller conceded that Halliburton’s third quarter earnings will come in … Read more
http://bit.ly/2jXjjOq On last night’s episode of The Ezra Levant Show, the President and CEO of the Canadian Institute of Steel Construction Ed Whalen joined me for an in-depth explanation of the Liberal government’s handout of $42 billion worth of construction projects to China instead of Canada.
by Philip Giraldi via Strategic Culture Foundation There have been several interesting developments in the United States government’s war on free speech and privacy. First of all, the Department of Homeland Security’s (DHS) Customs and Border Protection Agency (CBP), which is responsible for actual entry of travelers into the country, has now declared that it can legally access … Read more
by Graham Summers of Gains, Pains, & Capital Stocks (blue line) have finally moved to within spitting distance of their upside target as predicted by the credit markets (black line). Now comes the nasty part. China’s stock market has already shown us where things are heading. The Trade War is only going to worsen. And US markets have … Read more
The Wall Street Journal’s editorial board (WSJ) recently suggested that the Obama administration pulled off “the biggest accounting fraud in history” with student loans when eliminating the role of private lenders in the federal student lending market. Experts who spoke with Yahoo Finance acknowledged the issue with the general policy in hindsight, though they disagreed on who … Read more
by Shaun Richards Today it is the turn of Europe to be in focus and let me briefly break my rule of looking at the real economy first because there is something going on which if it continues could easily hit it. As I seem to be not far off alone in noting this here … Read more
When financial experts talk about the U.S. national debt, do your eyes glaze over? You may want to drink some coffee and pay attention, since the consequences of the national debt are unavoidable for investors. (You can ignore politics, but the government’s economic policies won’t ignore you.) A new “debt solution” is being seriously considered … Read more
Via Bruce Wilds’ Advancing Time blog, Farmageddon is real and very painful for a small segment of America. According to the Book of Revelation in the New Testament of the Bible, Armageddon is the prophesied location of a gathering of armies for a battle during the end times. Today many farmers living in America’s farm belt … Read more
Authored by Paul Joseph Watson via Summit News, The head of United Nations Global Communications says that it is a “right” for migrants to illegally enter the United States. Writing on Facebook, Melissa Flemming asserted that, “the right to seek asylum is enshrined in Article 14 of the Universal Declaration of Human Rights & was … Read more
by BlackKnightRides • If SCOTUS declares Obama’s DACA unconstitutional, it ends. … Big Business will buy Congressional votes to pass an Immigration Deal. … POTUS will require Funding for the Wall, Closed Loopholes & Merit-based Immigration. • If SCOTUS declares Trump cannot undo Obama’s DACA, it stays. … POTUS then creates Deferred Action for Citizenship of Arrivals (DACA … Read more
by Chip Doctor What used to be hidden trickery, has now become open warfare. Even if the small group is indicted, the embedded deep state will continue their coup attempt right up to the election. They don’t even try to hide it anymore. People like Jessie Liu operate in the open with no fear. They will … Read more
by HonorDefendBuckeye Saw a story yesterday about how PDJT was suspicious of Mike Pence’s actual support for him, and how he was exploring alternative VP running mates for 2020. And the suggested replacement was (wait for it) — Nikki Haley. That is, the same person who went to great pains, in her Republican response to … Read more
via Zerohedge: According to a new report from Mexican newspaper Tabasco Hoy, the Mexican Navy intercepted 23,368 kilograms (51,517 pounds) of fentanyl at the Port of Lázaro Cárdenas, the largest Mexican seaport and one of the largest harbors in the Pacific Ocean. The Secretariat of the Navy said joint work between the Naval Unit of … Read more
https://www.zerohedge.com/news/2019-09-06/thinkprogress-website-shuts-down-after-failing-find-buyer Left-wing website ThinkProgress is shutting down after failing to find a buyer, according to the Daily Beast. Launched by the John Podesta-founded Center for American Progress (CAP) which had been hemorrhaging cash to keep the site afloat, ThinkProgress came under severe financial strain after Hillary Clinton lost the 2016 US election – and not … Read more
by Dr. Eowyn Equifax is a consumer credit reporting firm, the oldest of the three largest U.S. credit agencies (the other two are Experian and TransUnion). Founded in 1899, Equifax gathers and maintains information on over 800 million consumers and more than 88 million businesses worldwide. Based in 1550 Peachtree St. NW, Atlanta, Georgia, Equifax is a global … Read more
By Harry Dent Two things should be obvious: We are in a totally artificial recovery due only to global printing of $13 trillion and more recently, tax cuts; and this is now the longest rally and economic recovery in U.S. exceeding 10 years. There has been a recession every 10 years since I was a kid: … Read more
via Zerohedge: The ECB’s imposition of negative interest rates have created an “absurd situation” in which banks don’t want to hold deposits, rages UBS CEO Sergio Ermotti, arguing that this policy is hurting social systems and savings rates. Ermotti is not alone. As European bank bosses cast their eyes at their share prices, they are fighting … Read more
by northmantrader The tech run has been incredible over the past few years. The concentration in market cap in the $FAANG stocks in particular have been subject to much discussion and speculation. Too much power in the hand of the few? Invincible. Unstoppable. Then came 2018 and tech rolled over hard in Q4 with the rest … Read more
