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

How Will the Feds Get Out of This?

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by Bill Bonner Writing on the Wall Yesterday, the stock market struggled to rally. Finally, it gave up, leaving the Dow down another 100 points. Sooner or later, we presume, it will be down 1,000 points in a day – or more. Then, people will begin asking questions. We’re prepared. We have some questions ready. But … Read more

IT ISN’T BRIBERY WHEN THE RIGHT PEOPLE DO IT: Amazon is getting more than $2 billion for NYC and Virginia expansions.

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via arstechnica: Over the last year, Amazon has dangled in front of cities the possibility that they could host the company’s “second headquarters”—a massive $5 billion facility that would provide 50,000 white-collar jobs. On Tuesday, Amazon confirmed what had been widely reported: nobody would be getting this massive prize. Instead, the expansion would be split in half, with New York … Read more

Sharp, Deep Crash Possible in Next Few Weeks

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By Harry Dent I’ve warned for years, and with increasing frequency of late, that the first crash when a major stock bubble of this magnitude finally tops is 42% in the first 2.6 months. That’s the average of seven bubble crashes in the last century. The 1929 crash started off with a 49% crash in … Read more

Florida Election Shenanigans

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by WarSanchez I don’t care what side you are on, this is ridiculous. From voter roll purging over-heating recounts Email voting Uncounted discovered votes This shit is unacceptable and embarrassing. Tell me how this shit isn’t fixed by the two party system. Oh, and no one will get punished for any of this.

Firefighter battles California wildfire in high winds with a bulldozer

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https://youtu.be/qZ34vp74xKU California Highway Patrol Lt. Denis Ford said Saturday that the thief broke into a marked fire department pickup truck from one of the numerous agencies fighting the fire that devastated the Sierra Nevada foothills town of Paradise this week. He stole items including the uniform shirt marked with the firefighter’s last name Saturday. The … Read more

Theresa May’s Brexit Deal EXPLAINED

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Jack Buckby of TheRebel.media reports: Today, we were given an insight into Theresa May’s Brexit deal. We haven’t been given the exact details of the deal, but through the press we’ve been given an insight into what it entails…and it isn’t good. https://www.therebel.media/theresa-may-brexit-deal-explained-eu https://www.youtube.com/watch?v=-rJQRm16uBo Anya Parampil reports on UK Prime Minister Theresa May’s emergency cabinet … Read more

The dirty secret Macy’s is hiding.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Unlike Sears, Macy’s didn’t miss the train on online sales. But it uses its vibrant online business to paper over the decline in its brick-and-mortar business. When Macy’s reported third-quarter earnings this morning, it made a big deal out of its same-store sales increase, showing a 3.1% year-over-year increase. It was … Read more

Legendary Investor Says This Is The “Most Troubled I’ve Been About My Future…Maybe Ever”

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via silverdoctors: Legendary investor Stanley Druckenmiller was recently interviewed by Real Vision, and the interview has since been made public. Carve out the time to watch the entire video as it provides a wealth of information that people would normally have to pay to see with a subscription to Real Vision. I’d like to focus on the interview by … Read more

Nothing suspicious here folks only 84.6% higher than any other Democrat in Geogia in “new votes” even in 100% reported places…

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We naively believed that someone as principled and authentic as Trump would be able to combat the dems..unfortunately the swamp is deep and entrenched. It protects itself constantly. And the propaganda the MSM puts out works on weak willed liberals who cant think for themselves and they’ve been whipped into a anti Trump frenzy and … Read more

Mtg apps, China exports, Oil

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by WARREN MOSLER Continuing to be negative year over year: Highlights Rising interest rates continue to dampen mortgage activity, with purchase applications for home mortgages falling a seasonally adjusted 2.3 percent in the November 9 week to the lowest level since February 2017 while refinancing applications decreased by 4.3 percent to the lowest level since … Read more

The Implicit Desperation of China’s “Social Credit” System

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by Charles Hugh-Smith Other governments are keenly interested in following China’s lead. I’ve been pondering the excellent 1964 history of the Southern Song Dynasty’s capital of Hangzhou, Daily Life in China on the Eve of the Mongol Invasion, 1250-1276 by Jacques Gernet, in light of the Chinese government’s unprecedented “Social Credit Score” system, which I addressed in Kafka’s … Read more

Kanye West: A Symbol For Peace (2018) This compilation documentary explores the peace-loving side of Kanye that the media doesn’t show.

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This video gently showcases how Kanye West can be viewed as a symbol for love & peace, in the tradition of leaders like John Lennon, MLK Jr, Gandhi, and others. It touches upon conspiracy related topics including: breaking monolithic thought, mind control, achieving peace, media manipulation, eliminating the two-party voting system, and standing up against … Read more