Do the Chinese Have Enough Gold to Impose a New Gold Standard?

by

via mises: Are the Chinese Keynesian? We can be reasonably certain that Chinese government officials approaching middle age have been heavily westernised through their education. Nowhere is this likely to matter more than in the fields of finance and economics. In these disciplines there is perhaps a division between them and the old guard, exemplified and … Read more

The American Dream? How Impossible Rents and ZIRP Mortgages Are Making Housing Impossible

by

via nbcnews: President Donald Trump’s short-term stimulus is pushing up borrowing costs and eliminating deductions in some markets. Although growth in the housing market is slowing, the number of million-dollar homes in the United States is on the rise, creating pockets of affluence in a housing market experts say is becoming increasingly unaffordable. New research from … Read more

Freezing Temperatures Could Heat Up Natural Gas Prices

by

by Frank Holmes, CEO, U.S. Global Investors Here in San Antonio, the temperature hit a bone-chilling low of 27 degrees last Wednesday, breaking a 102-year-old record for mid-November. An out-of-state visitor, Cornerstone Macro’s Head of Portfolio Insights Stephen Gregory, speculated that the Central Texas temperature, ordinarily mild this time of year, was down more than … Read more

The End Of The Tax Cut Boost

by

by Lance Roberts Last week, I touched on the issue of corporate profits and tax cuts. While the promise was that tax cuts were going to a massive boost to economic growth, the reality has been quite different. To wit: “The benefit of a reduction in tax rates is extremely short-lived since we compare earnings … Read more

The American dream is alive. In China.

by

From the New York Times: Imagine you have to make a bet. There are two 18-year-olds, one in China, the other in the United States, both poor and short on prospects. You have to pick the one with the better chance at upward mobility. Which would you choose? Not long ago, the answer might have seemed … Read more

Apple and Samsung fined for deliberately slowing down older phones.

by

Apparently, planned obsolescence is not profitable enough for the cell phone oligopoly, so they have implemented proactive obsolescence. Also, note how the US MSM largely ignored this story. via theguardian: Apple and Samsung are being fined €10m and €5m respectively in Italy for the “planned obsolescence” of their smartphones. An investigation launched in January by the nation’s competition … Read more

The Snowiest Decade

by

by Martin Armstrong This winter is starting off colder than the last two years. My biggest concern is that all the nonsense about Global Warming is preventing us from preparing for the real trend – Global Cooling. Even in the Bible, there is the story about Joseph warning the Pharaoh that there would be 7 years … Read more

Devin Nunes: ‘Fourth bucket’ of classified emails show info withheld from FISA court

by

House Intelligence Committee Chairman Devin Nunes, R-Calif., revealed the existence of a “fourth bucket” of information related to potential misconduct by the FBI that he wants declassified. On his way out as chairman, as Democrats will take control of the House next year, Nunes said his panel’s investigation into the Justice Department and FBI is … Read more

Michael Avenattis Law Firm Evicted on Non Payment of Rent

by

Almost a quarter mil: http://archive.is/1Ns8F   Michael Avenatti’s law firm was ordered to be evicted from its California offices over unpaid rent after the judge dismissed his attempt to block the eviction, the latest setback for the embattled lawyer who was arrested on domestic violence charges earlier this week. The lawyer and his firm were … Read more

Chicago gang member missed the gun control memo, found with AK-47

by

by DCG No doubt the gang member purchased the weapon in Indiana… From MyFoxChicago: A gang member from Chicago is facing charges after being found with an assault rifle Wednesday in northwest suburban Rosemont. Julio C. Perez, 30, was charged with felony counts of possession of a weapon by a felon and aggravated unlawful use of a weapon and … Read more

The Good Times For The Markets Are Over – The Bad Times Are About To Hit

by

By Graham Summers via Gains, Pains & Capital Global growth is officially dead. The markets picked up on this first, with Copper, Lumber, Industrial Metals and other economically sensitive asset classes collapsing starting in May. Looking at those charts, it was easy to single out the Fed as the culprit, since the Fed’s hawkishness had ignited the $USD … Read more

Time for some antitrust enforcement?

by

JOEL KOTKIN: Jeff Bezos Is Right at Home in the D.C. Swamp, but Amazon Might Have Bit Off More Than It Can Chew with the Big Apple. It turns out that tech oligarchs aren’t much better than old dogs at learning new tricks. By splitting his much coveted supposed second headquarters between New York City and … Read more

GOOD: Parents are lining up to join a lawsuit being planned by Pacific Legal Foundation.

by

via nypost: Parents, Asian-American groups and schools are lining up to join a federal suit opposing the city’s planned changes to specialized high school admissions. Joshua Thompson, a lawyer for a California-based libertarian law firm, said a range of individuals and groups have reached out to join the planned lawsuit. “Our goal is to build as broad … Read more