EU Proposes WIDESPREAD DE-DOLLARIZATION Intitiatives

from Zero Hedge In the most blatant and transparent reaction to Washington’s continued vassal-ization, the European Commission has reportedly formulated a plan to reduce the role of the dollar in international trade. Amid increasing tensions between Trump and various European leaders (cough Macron cough) and the ongoing threats of sanctions and tariffs, the European Commission plans to outline initiatives to … Read more

The Guardian’s Reputation In Tatters After Forger Revealed To Have Co-Authored Assange Smear

by Disobedient Media Regular followers of WikiLeaks-related news are at this point familiar with the multiple serious infractions of journalistic ethics by Luke Harding and the Guardian, especially (though not exclusively) when it comes to Julian Assange and WikiLeaks. However, another individual at the heart of this matter is far less familiar to the public. … Read more

Earnings growth is falling. What this means for the stock market

by Troy The S&P 500 is now back above its 200 day moving average. Let’s determine the stock market’s most probable direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month. *Probability ≠ certainty. Earnings growth is falling The S&P 500’s earnings … Read more

I Read The News So You Don’t Have To – Market News (Dec. 04, 2018)

by ogordained UNITED STATES Futures are down slightly as investors confidence in a trade deal subsides The ISM Manufacturing Report for November beat expectations (Expected 57.5 | Actual 59.3) New orders were up sharply and cost pressures have eased – PMI Prices Paid (Expected 70.0 | Actual 60.7) Construction spending fell for the third straight month OTHER France is suspending plans to increase tax on fuel after extensive protesting/rioting Royal Dutch … Read more

Caravan REVOLTS! Turns On Organizers Plotting To Storm Border AGAIN!

https://www.youtube.com/watch?v=i8slHr2dfKA Cristina Laila for the Gateway Pundit reports, Honduran caravan migrants camping out the Benito Juarez sports complex in Tijuana backed down from marching and storming the US border on Saturday after reports surfaced they were planning an encore to last weekend’s violent attacks and efforts to cross the border. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…     … Read more

THE STOCK MARKET WILL CRASH!

Allow me to be very clear: The stock market will RISE if the central banks print money and lower interest rates. The stock market will FALL if the central banks reduce their money printing and increase interest rates. The central banks, the Fed in particular, are controlling the markets. We know that unequivocally. We know … Read more

The Psychological Bubble That Has Been Propping Up The U.S. Economy Is Starting To Implode

by Michael Snyder Optimism can be a very powerful thing.  For a long time Americans believed that things would get better, and that caused them to take action to make things better, and that actually resulted in things moving in a positive direction.  But now things have abruptly shifted.  In late 2018, an increasing number … Read more

Bubble Trouble: Silicon Valley & San Francisco Housing Markets Head South

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The underlying dynamics changed in August and have worsened since. And this is still the tech boom. It’s high time to unload houses and condos in Silicon Valley and San Francisco, one of the most expensive housing markets in the US. Sellers are now flooding the market with properties. Inventory listed … Read more

Amazing Miracle: Christian Actor Kevin Sorbo Says That A Giant California Wildfire Stopped 3 Feet From His Home

by Michael Snyder This story is absolutely amazing.  Like so many others, actor Kevin Sorbo and his wife were forced to evacuate from their home during the recent California wildfires, and once they left they were not sure if they would ever see it again.  And sure enough, firefighters were not able to hold back … Read more

In Manhattan things are soft and getting softer. Is it a Melbourne style price free-fall? Not yet…but getting there.

by Chris Sure the trophy property market is soft, but the other headlines are sensational so far… Like this one from Sept 21 in Business Insider: New York City homeowners are cutting prices in a way not seen since the financial crisis While that headline may be technically true, deeper down we read this: Homeowners … Read more

Synchronized Market Meltdown: The 117-Year Record That Shows What The Everything Collapse Looks Like

by Alexander Trigaux, Editor, GoldSilver It stands to reason that if we have indeed been experiencing an Everything Bubble, we will experience an Everything Collapse. According to Deutsche Bank and Bloomberg, more asset classes have fallen in unison this year than they have in 117 years of previously recorded data. 90% of the investable universe … Read more

Study links rise in asthma and allergies to “something” in western environment

https://www.youtube.com/watch?v=zsyDyjMBP6s A study shows there is something in the western environment which increases asthma and allergies. From study: Our findings suggest a strong influence of the environment on the development of asthma and allergic diseases throughout the life course. The prevalence of asthma is generally higher in second generation than first generation immigrants. With length … Read more

Global “big four” stuck – US (PMI) 55.3 3M low, EU at 27M low, Japan now 15M low, and China barely > 50

https://twitter.com/MacroTechnicals/status/1069673203512041472 https://twitter.com/OccupyWisdom/status/1069738317221163008 https://twitter.com/OccupyWisdom/status/1069736930886197248 What type of landing should US economy expect? Soft or Hard? pic.twitter.com/ASXN5UxBlD — Alastair (@StockBoardAsset) December 3, 2018 ISM prices paid have been a pretty good lead this cycle on ISM. pic.twitter.com/MOTyEEbXbZ — Teddy Vallee (@TeddyVallee) December 3, 2018 The Trump admin does not want you to see this chart pic.twitter.com/FytoZVNNfE — … Read more

Natixis Predicts 2019 to be Good Year for Gold

From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold to push to $1,350 over dollar struggles, gold’s price is forming a lucrative new pattern, and Goldman Sachs is bullish on gold and palladium. Gold to push to $1,350 over dollar struggles According … Read more

Federal Employees Brag About How They Can’t Get Fired

“Federal Employees Are Warned Not to Discuss Trump ‘Resistance’ at Work”: https://www.msn.com/en-us/news/politics/federal-employees-are-warned-not-to-discuss-trump-‘resistance’-at-work/ar-BBQh3QR?li=BBnbcA1 A reupload of sorts – recently the Office of Special Counsel issued a new guidance on federal employees to avoid discussing ‘resistance’ at work, which may now be interpreted as illegal. We figured the connection between the guidance and our September videos was … Read more

Construction spending, Smart phones

by WARREN MOSLER Looking very weak: Highlights Construction has been a soft spot of the economy evident once again in October where spending fell 0.1 percent for the third straight decline and the fourth decline in five months. Spending on new single-family homes in October fell 0.5 percent with home-improvement spending down 0.9 percent, both offsetting … Read more