Fears That The Bull Market Died Sent People And Algos Scrambling Out Of The Way

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter There were company-specific debacles that sank some of the gorillas, such as Goldman Sachs, Apple, and – oh gosh, not again – GE; and there was the general issue of fears circulating that the bull market has died, with people and algos trying to scramble out of the way: The Dow … Read more

10 years after the recession, Americans wake up to rising prices

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NEW YORK (AFP) –  After years of low, low prices, fed by near-zero interest rates in a convalescing economy, Americans are waking up to costlier consumer living. Everyday household staples like diapers, toothpaste, shampoo and dishwashing liquid — not to mention soft drinks, cookies, chocolate, cat litter and autos — have all started getting more expensive, … Read more

Not Just NYC Anymore: Home Prices Now Falling Across the Board

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via zerohedge: In late September, we outlined how Bank of Ameria called it: “The Peak In-Home Sales Has Been Reached; Housing No Longer A Tailwind.” Then in October, we noticed how existing home sales data retreated in September, dropping to the lowest level in nearly three years. All the while, an affordability crisis remains widespread in most cities across the US, but … Read more

Not terrified of a recession? These stocks hint you should be

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via Yahoo: Sometimes in life it’s the smallest things that speak the loudest. Take the Russell 2000 (^RUT), the one-time darling among investors following the election of President Donald Trump. The small-cap index has severely underperformed the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite these past three months by tanking a worrisome 8%. … Read more

John Rubino – Panic Setting In?

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Financial Survival Network, Released on 11/12/18 There’s wildfires in California, disputed elections all over the map, and panic all over the place; will it lead to a Wall Street Meltdown? It’s often said that stocks climb on a wall of worry. If that’s the case then the market should be booming now. There’s enough worries … Read more

Illegal alien killed three people after release from sanctuary county in New Jersey

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by DCG From Fox News: An illegal alien accused of a triple murder in Missouri was previously jailed and released in New Jersey on domestic violence charges, authorities said, putting the spotlight on the conflict between local and immigration authorities nationwide. Luis Rodrigo Perez, 23, a native of Mexico, is charged with fatally shooting two men and wounding … Read more

I have some bad news…. doesn’t bode well for our country. I’m still feeling sick over it.

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via Nicomachus : Just got back from Ft Lauderdale. Last night my wife and I were invited to our friend’s 5th anniversary party. About 150 people were there. Many people flew down from NY/NJ/CT. We knew some people there including some from my wife’s family. It was also a celebration for our friend’s father who is a … Read more

BOOM: Average Consumer To Spend $520 On Black Friday

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via studyfinds.org: LOS ANGELES — Love it or hate it, about half of all Americans are gearing up for Black Friday deals, and they’re planning on spending some serious cash, according to an October 2018 survey. More than half of the 2,000 adults who took part in the poll, which was commissioned by online discount shop Slickdeals, say … Read more

Democrats load “subpoena cannon” with 85+ Trump targets

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House Democrats plan to probe every aspect of President Trump’s life and work, from family business dealings to the Space Force to his tax returns to possible “leverage” by Russia, top Democrats tell us. What they’re saying: One senior Democratic source said the new majority, which takes power in January, is preparing a “subpoena cannon,” … Read more

Is Trump duping Putin?

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From Project Syndicate: Most of the world has spent the last two years thinking that Russian President Vladimir Putin is twisting his US counterpart, Donald Trump, around his little finger. But it could well be Trump who is leading Putin by the nose. Trump does love Putin, or so he says. In his hyperbolic reality-TV-style, Trump … Read more

Is a 1,000% rally in 5-years enough?

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by Chris Kimble CLICK ON CHART TO ENLARGE This chart looks at the yield of the 2-year note and its 5.5-year performance since 1999. The 2-year yield looks to have double bottomed in 2013 and since then it has been swiftly moving higher inside of rising channel (1). The 2-year yield is currently up over … Read more

Real Canadian Mortgage Growth Points to Early-80s-Style Meltdown

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We’re overestimating growth, thinking of it as heading towards low growth. In reality, we’re heading towards negative growth, once adjusted for inflation. By Stephen Punwasi, Better Dwelling: Canadian mortgage credit growth is falling, but how bad is it in real terms? People are comparing today’s low growth numbers to the mid-1990s. While there are some parallels, … Read more

China To Adopt Gold Standard?

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Alasdair MacLeod, Head of Research at GoldMoney, interviewed by Elijah Johnson of Silver Doctors The coming credit crisis will hurt China’s economy the worst, MacLeod says. He proposes that China should issue a perpetual bond. The coupon on that bond would be payable in Yuan or gold at the users choice. If this were to happen, it would undermine the … Read more

Not All Are Feelin’ The Boom: Lowe’s Home Improvement To Close 50 Stores

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by Daisy Luther via The Organic Prepper By now, just about everyone has watched one or more local stores close their doors for good. Lowe’s, a hardware and home improvement store that has been around for 72 years, is closing around 50 of their locations just after Christmas. They’re the most recent victim of the retail apocalypse. Thousands of … Read more

Silver Could Surprise With New Strength By Year-End

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From Birch Gold Group This week, Your News to Know rounds up the latest stories involving precious metals and the overall economy. Stories include: Silver to show strength before the year ends, the concerning implications of gold’s comeback, and why the world always returns to gold. Analyst: Silver will show strength before the end of the year After … Read more

Harold Pinter’s 2005 Nobel Prize Speech – It Never Happened. Even While It Was Happening It Never Happened

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by Jesse “To maintain that power it is essential that people remain in ignorance, that they live in ignorance of the truth, even the truth of their own lives. What surrounds us therefore is a vast tapestry of lies, upon which we feed. Direct invasion of a sovereign state has never in fact been America’s … Read more

It’s Rather Difficult To Grasp, Why Many Remain So Positive. What Would Carry The Bull Run?

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It's rather difficult to grasp, why many remain so positive. What would carry the bull run? 1) Global QT2) China slowdown3) Fading US fiscal stimulus4) Peak earnings5) Euro area = mess Am I missing something, or is this just classic late-cycle bias?#StockMarket — Tuomas Malinen (@mtmalinen) November 12, 2018 Today's move in oil is a … Read more