“DETROIT (WJBK) – The Detroit City Council approved a “Bullet Bill” gun control resolution Wednesday with a unanimous vote. The resolution limits ammunition amounts that can be bought while requiring a mental health background check on buyers of ammo in Wayne County. Commissioner Reggie Reg Davis of the 6th district spearheaded the resolution… “It’s a … Read more
The European Commission is moving closer to sanctioning Italy for its 2019 draft budget proposal. Italy wants to increase welfare spending and to roll back on some reforms and taxes. The European Union announced it will look to sanction Italy with a fine after the country refused to submit a budget proposal that … Read more
Whoops…something is getting tense… spread between the USD LIBOR and Euribor hit the highest level in a couple of decades. pic.twitter.com/1rjo1hkDSl — Ronnie Stoeferle (@RonStoeferle) November 21, 2018 “The S&P 500 has more room to fall on the back of the current weak credit market.” https://t.co/Lag2PfShSo — Lisa Abramowicz (@lisaabramowicz1) November 20, 2018 Gundlach tells … Read more
If you are looking for slowdown signals in the US today is your day. Within the US' durable goods report the focus is on the non-defence capital goods orders ex aircraft – the "core" figure, which are a good lead for investment spending… so much for tax cuts boosting investment pic.twitter.com/ioHXOnbv8X — James Knightley (@Knightleyeco) … Read more
by QuantalyticsResearch US Stocks The rout in global stocks appears to be taking a breather heading into the US Thanksgiving holiday tomorrow US stocks index futures are advancing this AM and pointing to a bounce back in US stocks this morning with front-month Dow Jones minis +0.51%, S&P500 minis +0.61%, and Nasdaq 100 minis +0.77% SPDR … Read more
The Heart of the Matter by John Hussman of Hussman Funds Let’s be clear. October’s market decline was a rather mild warning shot. At its lowest close, the S&P 500 lost -9.9% from its September peak, before rebounding in recent sessions. As I noted during the 2000-2002 and 2007-2009 collapses, intermittent “fast, furious, prone-to-failure” rebounds are among the … Read more
Don’t expect to get the truth from the government or the mainstream media (MSM) that climate engineering is dangerous to humanity, let alone even going on, because climate engineering researcher Dane Wigington says, “Right now, there is an official illegal federal gag order on all of the National Weather Service and NOAA. If all of … Read more
JP Morgan economists said the economy should grow at a slower pace of 1.9 percent from the fourth quarter’s year over year rate of 3.1 percent. They point to reduced stimulus from fiscal and monetary policy and negative drag from trade policy. The economist expect the Fed to raise interest rates four times, and consumer … Read more
via GPC Last week the markets rallied on hype and hope of a potential trade deal between the US and China… and the fact it was options expiration week. Wit those items out of the way, the markets will now begin to adjust to economic realities again. Those economic realities? That the global economy is … Read more
by Martin Armstrong The Russians present 1,000 pages of documentation on Browder to which the United States has refused to even respond. The curious thing here is Browder regularly appears on US TV bashing Putin and is being protected by the US Deep State, yet he resigned his American citizenship to avoid taxes. Why would … Read more
FASORP (Faculty, Alumni and Students Opposing Racial Preferences) recently filed Title VI/Title IX lawsuits against the Harvard Law Review and the New York University Law Review (in both cases Education Secretary Betsy DeVos is also named as a defendant for failing to enforce the law). FASORP is being represented by the very talented Jonathan Mitchell, former Solicitor General of … Read more
IG presents ‘IG Commodity Chat’ – a series of live discussions focused on trends in commodity markets Our first chat will look at what the future might be for the gold market Presenter Sara Walker will be joined by Simon Popple, director of Brookville Capital, and Ross Norman, CEO of Sharps Pixley Watch live … Read more
by T2H Or better yet…ditch the smartphone and never look back. We live in a time where we are constantly bombarded with information. Distractions from social media notifications, emails, breaking news and pop up messages have become the norm. Has our love for technology made us blind? Have we lost our ability to focus on … Read more
by Luke Moffat The European Union is made up of various institutions and bodies – see here (https://europa.eu/european-union/about-eu/institutions-bodies_en). And it’s all written down in the EU’s own words. I honestly don’t understand why you think it’s a big mystery. Leaving the EU, as stated on the ballot paper, means leaving its institutions. It’s really that simple. … Read more
by Adam Taggart I reached out to Robert Mish of Mish International for his opinion. Robert has been a gold dealer for over 50 years, and is a valued “boots on the ground” source for us on the retail bullion market. Here’s what he has to say: SIlver is not in shortage, only certain products get temporariy short … Read more
by Chris Sometimes there’s a glitch in the quote feeds for a minute, or two. Rarely for five whole minutes. So I let a very bizarre VIX (a huge slam lower) reading go by for five minutes before I thought much of it. Now we are 35 minutes into the strange reading so I am … Read more
Gutfield is a savage. Love how the Republicans are being openly hostile to PC culture these days AC
All I want for Christmas is Trump to officially declare George Soros an enemy of the state and seize his assets AC
https://www.youtube.com/watch?v=XbKbz34X6Fk Gowdy wants information on Ivanka Trump’s use of personal email https://www.foxnews.com/politics/gowd… Outgoing House Oversight Committee chair Rep. Trey Gowdy, R-S.C., sent a letter to White House Chief of Staff John Kelly demanding information on Ivanka Trump’s reported use of personal email. The letter, obtained by the Hill, follows the Washington Post report claiming that Trump sent hundreds … Read more
by Charles Hugh-Smith For all we know, the panic selling is Wall Street’s way of forcing the Fed’s hand: stop with the rates increases already or Mr. Market expires. Markets everywhere are gagging on something: they’re sagging, crashing, imploding, blowing up, dropping and generally exhibiting signs of distress. Does the market need a Heimlich Maneuver? Is there … Read more
by Michael Snyder What gives you a sense of meaning and purpose in life? That may seem like a very unusual question, but I believe that it is a very important one considering how deeply unhappy our society currently is. Everyone needs a reason to get out of bed in the morning, because there wouldn’t seem to … Read more
by Michael Snyder Thanksgiving week was not supposed to be like this. Normally things are slow in the days leading up to Thanksgiving as investors prepare to gorge themselves with turkey and stuffing as they gather with family and friends. But this year the stock market is crashing, and Wall Street is in panic mode. … Read more
by FS Financial Sense Newshour spoke with Ryan Sweet, director of real-time economics at Moody’s Analytics, to discuss his forecast for a holiday spending boom and 2020 bust. Ryan is considered one of the most accurate high-frequency forecasters of the US economy, according to MarketWatch. Here’s what he told listeners on Saturday’s podcast (click here for … Read more
This is actually happening. pic.twitter.com/0r8kv8MtMC — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) November 20, 2018 Ready for the next Chinese Devaluation?? Better get ready! https://t.co/DIQiIFkRJ9 — mcm-ct.com (@mcm_ct) November 20, 2018 https://twitter.com/hks55/status/1065009000025079808 "The cracks in the credit market are widening as investors face their fears about the mountains of debt weighing on corporate America." https://t.co/wF4IrAhEXO … Read more
CONGRATULATIONS! This is now only the 2nd time (since 1950) that the S&P 500 $SPX has dropped at least -1.5% on both Monday and Tuesday of Thanksgiving Week (the other being 1973). But how did the index do over the next 10 days? Uh… CONGRATULATIONS! This is now only the 2nd time (since 1950) that … Read more