CORRUPTIFORNIA: Diane Feinstein’s Husband Wins Near Billion Dollar CA High-Speed Railway Contract; Praying this has nothing to do with CA fires

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by NotStarvingActress https://twitter.com/JodyICEMANJames CA has been talking about high-speed railway since forever. Issue is it’s not going to be profitable. Update: questions have been raised as to whether or not Richard Blum still owns a substantial or any interest in Tutor Perini. A number of published accounts, in addition to those cited, claim he does. This report indicates he sold … Read more

Trump lawyers, CNN square off in federal court in Jim Acosta case… Great for ratings!

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Judge in CNN v. Trump case says he will rule on Thursday Washington (CNN)The first hearing in CNN and Jim Acosta’s federal lawsuit against President Trump and several top White House aides ended with the judge saying that he would rule on Thursday. CNN and Acosta are alleging that the White House’s suspension of his press pass … Read more

I Read The News So You Don’t Have To – Market News (Nov. 15, 2018)

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by ogordained UNITED STATES Consumer prices rose 2.5% in October, in line with expectations Low oil prices have driven down future inflation expectations Rent prices have been slowing after a 2017 peak  Despite wage increases, mortgage applications continue to slow Donald Trump announced his support for criminal justice reform, including reducing minimum sentencesfor non-violent drug offenses and increasing spending to combat recidivism rates OTHER In contrast with recent negative press, the IMF expects global growth to continue … Read more

MAJOR SETBACK: The Reserve Bank Of Australia Says SHUT UP ABOUT GOLD And GO AWAY!

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by John Adams from Adams Economics John Adams and Martin North have suffered a major set back in their request to reclaim Australia’s gold. After their initial victory last week where the Reserve Bank of Australia (RBA) released detail about their gold holdings via a new official webpage, the RBA is now refusing to answer any further questions. In … Read more

Post-Election Blue Wave: Democrats Have Flipped 2 Senate Seats And A Large Number Of House Seats Since Election Night

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by Michael Snyder Initially it did not appear that the much-hyped “blue wave” would be that impressive, but since election night we have seen race after race flip in favor of the Democrats.  In fact, vote totals have moved in favor of the Democratic candidate in almost every race that was not officially settled on … Read more

November Snow In Texas? Experts Warn Decreased Solar Activity Will Shatter All Global Climate Models

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by Michael Snyder Our sun has been behaving very strangely, and this unusual behavior is really starting to affect our weather patterns.  There have been virtually no sunspots in 2018 as solar activity has dropped to alarmingly low levels.  As a result, our atmosphere has been cooling and shrinking, and experts are warning that we … Read more

Who Would Buy a House at the Highest Mortgage Rate in 9 Years at the Top of a Bubble?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Mortgage rates are climbing faster than the 10-year Treasury yield. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment rose to 5.17% for the latest reporting week, according to the Mortgage Bankers Association(MBA) today. This is the highest average rate since September … Read more

Will PG&E Have to File for Bankruptcy Protection?

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For investors there is little clarity through the smoke and haze.  By Leonard Hyman and Bill Tilles for WOLF STREET: The common shares of Pacific Gas & Electric [PCG] plunged nearly 22% to $25.59 on Wednesday and are now down 47% since November 8, when the “Camp Fire” began near the city of Paradise, Butte County, in Northern … Read more

RAW: First Migrants Arrive at US-Mexico Border… James Mattis Press Briefing on MILITARY to Stop MIGRANT CARAVAN at US Mexico Border.

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https://youtu.be/PlDv8DUoosM I’m not seeing the women and children?   https://youtu.be/p-J8OknGUqs Stop all immigration ! Put our young to work and put money into them, to help them have an extra two kids! Bring most our troops home and put them on our border, and stop funding other governments with our money…     PM

Potential Impacts of the Midterm Elections on Your Retirement

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From Birch Gold Group Now that the midterm elections are pretty much over, the Democrats control the House, and the Republicans control the Senate. This may have several important impacts on your retirement over the next two years (and beyond, depending on policy adjustments). These potential impacts could be crucial because the economic foundation they influence … Read more

Junk Debt Still Looking Shaky

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by Chris Well, don’t look now but futures on all three US equity indexes are nicely green…msot brain dead trade of the past month.  US stocks down on the day?  Buy the futures. Not sure how long that will last, but it’s really more of interest than of import.  Looks to me like things are breaking … Read more

Wells Fargo: Saying We’d Tell the Truth Was so Absurd We Can’t Be Sued for Lying About It

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via confoundedinterest: Wells Fargo is adopting an unusual defense against a shareholder lawsuit: claiming, essentially, that shareholders can’t hold the bank accountable for CEO Tim Sloan’s statements that it was “working to restore trust” and be “more transparent” about its scandals – because it should have been obvious that Sloan was lying. The defense, which Wells … Read more

The 3-Month Libor vs. Euribor spread is at its highest level since 1999! Crude crashed yesterday, Crypto crashed today — maybe it is a sign that liquidity in global markets is very thin.

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The 3-Month Libor vs. Euribor spread is at its highest level since 1999! Is the ECB about to start tightening or the Fed about to stop? Either way, unless “this time is different”, such policy changes from similar extremes is what preceded the last two recessions. pic.twitter.com/lOKJ1SASHi — Otavio (Tavi) Costa (@TaviCosta) November 14, 2018 … Read more

What “The Fed Wants to Loosen Regulations Even More for Community Banks” Really Means

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Randal Quarles, the Federal Reserve’s vice chair of supervision, said more changes are coming that will allow community banks relief from the post-financial crisis capital requirements. The Fed said two weeks ago that it will place banks into four categories for leverage requirements but stressed that size was only one factor it would use in … Read more

Gundlach: Rate Raises + Increased Federal Debt = US Economic “Suicide Mission”… Holtz-Eakin: “Average American Is Blissfully Unaware of the Federal Debt Problem”

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via yahoo: Bond investor Jeffrey Gundlach, the founder of DoubleLine Capital, reiterated his assertion that the U.S. is “on a suicide mission” by increasing its deficit while the Fed is raising interest rates. Gundlach made the comments during a webcast on Tuesday afternoon shortly after the U.S. Treasury reported that the federal government ran a budget deficit of nearly $100.5 billion during … Read more

US Mortgage Applications Down 3.2% in One Week

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Potential homebuyers pulled back last week, worried about rising interest rates and about what was behind big daily drops in the U.S. stock market. Mortgage application volume fell 3.2 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 22 percent lower compared with the same … Read more

New Government Report to Address Postal Service’s “Unsustainable Financial Path”

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via yahoo: WASHINGTON (AP) — The U.S. Postal Service on Wednesday reported a financial loss for the 12th straight year, citing declines in mail volume and the costs of its pension and health care obligations, as the agency braces for an upcoming report ordered by President Donald Trump to address its “unsustainable financial path.” Postal officials … Read more

Credit Markets: To BBB or Not to BBB?

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via Pimco Financial media and investors have been focusing on the BBB segment of the U.S. investment grade (IG) corporate bond market this year. At $3.1 trillion in market capitalization (nearly quadrupled from a decade ago), BBBs constitute nearly half of the investment grade corporate universe, according to the ICE BAML U.S. Corporate BBB and … Read more

Your Food Source is Quickly Diminishing

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Late January winter temperatures grip parts of grain growing areas in Canada and USA along with delayed winter wheat planting, massive rains are delaying harvests in the southern part of the US. Farmers report moldy crops and plantings buried in mud. Record cold extends to southern Mexico with temperatures 25-30F below normal for this time … Read more