Yield curve inverts once again on fears the Fed won’t save the economy from recession

The main part of the yield curve inverted once again Thursday as the yield on the benchmark 10-year Treasury note traded under that of the 2-year note, the third time the recession indicator has been triggered since last Wednesday. The move came after Kansas City Federal Reserve President Esther Georgeand Philadelphia Fed President Patrick Harker told CNBC that they don’t … Read more

Bush 2008: We need to stimulate the economy with rebate checks and tax cuts. Trump 2019: We need to stimulate the economy with payroll tax cuts, quantitative easing, and 100bps rate cuts. (now you know the truth – this type of stimulation is in an attempt to avoid a recession).

Bush 2008: We need to stimulate the economy with rebate checks and tax cuts. Trump 2019: We need to stimulate the economy with payroll tax cuts, quantitative easing, and 100bps rate cuts. (now you know the truth – this type of stimulation is in an attempt to avoid a recession). pic.twitter.com/tCikeEWbRS — Alastair (@StockBoardAsset) August … Read more

U.S. Government Spending Like We’re Already in Recession, Says Matthew Kerkhoff

https://static.financialsense.com/audio/2019-08/financial-sense-20190822-kerkhoff-clip-2c502aca1.mp3 August 22 – Ten-year Treasury yields have been cut in half over the past 10 months with the steepest drop in recent weeks. Matthew Kerkhoff explains the two possible explanations for this—recession or a flood of capital into U.S. bonds—and why… https://www.financialsense.com/podcast/19268/us-government-spending-were-already-recession-says-matthew-kerkhoff

Pelosi UNHINGED! Demands BIG BILL Payment From Trump!

https://www.youtube.com/watch?v=MG6GZdQwtaQ Chris Donaldson from I Love My Freedom reports, Speaker Nancy Pelosi is engaging in yet another bit of hostage-taking with over the recent budget agreement which has been thrown into limbo over proposed cuts to foreign aid. Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/that-a-thr…

ALERT: Biden OFFICIALLY Derails His ENTIRE Campaign After This SICK Gaffe

https://www.youtube.com/watch?v=4M-0ZaFALi4 Cristina Laila from The Gateway Pundit reports, Biden’s brain is functioning properly. Just ask Biden’s brain surgeon. Biden on Tuesday evening said that RFK and MLK were assassinated in the “late 70’s” while speaking to a crowd in Iowa. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…

AMAZON, MICROSOFT ‘putting world at risk of killer AI’…

Washington (AFP) – Amazon, Microsoft and Intel are among leading tech companies putting the world at risk through killer robot development, according to a report that surveyed major players from the sector about their stance on lethal autonomous weapons. Dutch NGO Pax ranked 50 companies by three criteria: whether they were developing technology that could … Read more

Baby Boomers Leaving Behind Trail of Luxury Ranches… Nervous Retirees Too Scared to Spend

Decades ago, a generation of America’s wealthiest, raised on television shows like “Howdy Doody” and “The Lone Ranger,” headed west with dreams of owning some of the country’s most prestigious ranches. Now, as those John Wayne- loving baby boomers age out of the lifestyle or die, they or their children are looking to sell those … Read more

FOXNEWS Signs Sarah Huckabee Sanders… Scaramucci: Democrats Have More Fun!

Sarah Huckabee Sanders, one of the more controversial holders of the office of White House Press Secretary in recent memory, will join Fox News Channel as a contributor. The former Trump administration advisor is expected to add commentary to Fox News Channel, Fox Business Network, Fox News Digital and the Fox Nation streaming service, the Fox Corporation unit … Read more

Mauldin: Modern Monetary Theory Could Destroy This Nation:If we attempt MMT, it will end the US dollar’s reserve currency status and produce out-of-control inflation. That will essentially destroy the Boomer generation’s ability to retire

Authored by John Mauldin via MauldinEconomics.com, I am back from my 14th annual Maine fishing camp. The private event at Leen’s Lodge is generally called Camp Kotok in honor of David Kotok of Cumberland Advisors who started these outings many years ago. CNBC and others began calling it the “Shadow Fed,” but it is really just … Read more

Life-like robots closer to reality… Learn, adapt… ‘Nurse’ helps you dress

Life-like robots that can make decisions, adapt to their environment and learn, are one step closer to becoming reality. Researchers at the University of Bristol have demonstrated a new way of embedding computation into soft robotic materials. This advance could create new robotic possibilities to environmental monitoring, pollution clean-up, drug delivery, prosthetic devices, wearable biosensing … Read more

REPORT: Cell Phone Use Causes Brain Depletion… Leaking more radiation than safety limits?

Using your phone on break during mentally challenging tasks doesn’t allow your brain to recharge effectively and may result in poorer performance, according to new research. For the study, researchers assigned college undergraduates to solve challenging sets of word puzzles. Halfway through, some were allowed to take breaks using their cellphones. Others took breaks using … Read more

Obamas buying $15M Martha’s Vineyard estate

Barack and Michelle Obama are close to buying a massive Martha’s Vineyard estate. TMZ reports that the former president and first lady are in escrow — aka in contract to purchase — a 29-acre beachfront plot with a 6,892-square-foot main house. The Obamas were initially just renting the seven-bedroom, 8½-bathroom spread for summer 2019, but apparently … Read more

U PAY: Germany Sells 30-Year With Negative Rates

FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you’ll lose. Sounds absurd, but increasingly that’s the global bond market these days. A rising share of government and corporate bonds are trading at negative … Read more

FAKE NEWS? This New York Times story about Jeffrey Epstein’s ties to the MIT Media Lab includes this about Marvin Minsky:

via nytimes: Mr. Epstein may have had ties to people in leadership positions at the lab before meeting Mr. Ito. In a deposition unsealed this month, a woman testified that, as a teenager, she was told to have sex with Marvin Minsky, a pioneer in artificial intelligence, on Mr. Epstein’s island in the Virgin Islands. Mr. … Read more