When everyone is deemed too systemically important to be allowed to fail: Former Fed Chair Ben Bernanke, the primary architect of the current Fed-debt debacle, is arguing the Fed doesn’t have enough power to lend to shadow banks and other non-bank institutions. via yahoo: With the financial crisis now 10 years in the rearview mirror, … Read more
Economy & Markets – Facebook, Released on 11/9/18 With real estate starting to crack in Australia, Harry Dent returns for his latest tour earlier than expected. Declining numbers across the country is a very big deal for several reasons which Harry details in his latest video… *If the volume isn’t working, click the volume icon … Read more
by John Coumarianos We’ve all been conditioned to think the balanced portfolio is a touchstone of investing. For many investors, it provides enough exposure to the stock market (60%) to produce a healthy return and enough exposure to the bond market (40%) to provide ballast and a little income to a portfolio. Along the way, … Read more
via Jeremiah Johnson: Ready Nutrition readers, this piece stresses the importance of finding drinking vessels that will not leach chemicals out of their very walls and poison you. Yeah! Sounds problematic, doesn’t it? Well, it is. BPAs (Bisphenol-A, a chemical used in plastics for the past 60 years). BPAs are found in both epoxy (used in food cans … Read more
$DXY hitting new 52 week high…can you hear it 👂…liquidity is leaving the system…😳 pic.twitter.com/cyRCLmWTEC — Edward Dowd (@DowdEdward) November 12, 2018 Chart: The fed funds rate is nearing the interest rate on excess reserves (IOER) – pic.twitter.com/UU7A1ooTCu — (((The Daily Shot))) (@SoberLook) November 9, 2018 S&P 500 earnings and the dollar: https://t.co/Ab1LBDXBhY via @SoberLook … Read more
by Michael Snyder It is really happening. At one time, the idea that large numbers of people would willingly allow themselves to have microchips implanted into their hands seemed a bit crazy, but now it has become a reality. Thousands of tech enthusiasts all across Europe have already had microchips implanted, and now a Swedish company … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Despite intense public pressure from President Trump, the Fed is getting increasingly hawkish on interest rates and the QE unwind. But in another, even more important area, the Fed has totally caved. Has the Fed made a deal with Trump? Like: We rule over here, and in return, you get what … Read more
by Michael Snyder California has been absolutely devastated by horrific wildfires in recent years, but the state has never seen anything quite like this. At this moment, three major wildfires are raging, and the Camp Fire in Butte County is already officially the most destructive wildfire in California history. Thousands of firefighters are desperately trying … Read more
by Daisy Luther The news outlets are making much ado over the fact that a list of celebrities had to evacuate their homes in Malibu due to a wildfire and that some of those homes are lost. But fires are raging in many other areas where there aren’t any movies stars, and regular people like … Read more
by Shaun Richards This morning brings us back to what has been a regular topic in 2018 which has been the US Dollar. Let’s look at it from the perspective of the sub-continent. The rupee weakened further and dipped by 54 paise to 73.04 against the US dollar Monday, owing to increased demand for the … Read more
by Adam Hamilton of Zeal LLC The widely-held mega-cap stocks that dominate the US markets are just wrapping up another blockbuster earnings season. Sales and profits soared largely due to Republicans’ massive corporate tax cuts. Still these lofty stock markets are vulnerable to serious downside, as October’s brutal plunge proved. Such extreme revenue and earnings growth cannot persist, … Read more
by Nomi Prins via Daily Reckoning This midterm election season seems like it lasted forever. There was certainly no shortage of ads, media dissections of every sound bite they could get their hands on and more than enough negativity to go around. We all know the outcome. The Democrats took the House, while Republicans kept control of the … Read more
by Martin Armstrong Italy is arguing that it will retain its budget and refers to how both France and Germany exceeded their budgets and the Commission disregard the Maastricht treaty rules in the case of both countries. In the budget dispute, the Italian government was not deterred by the threat of penalties from the European … Read more
by Martin Armstrong In Germany, the SPD is now pushing for a revolution in Europe for all member states to surrender their sovereignty to Brussels. They are arguing to federalize Europe and thereby create an integrated Europe of one government. It was the SPD that really won in the German 1918 Revolution. Under Weimar, the … Read more
by Jon Hall, Free Market Shooter In May of this year, Netflix announced that Barack Obama, along with his wife Michelle, had struck a multi-year deal with the company to produce “films and services” for their streaming service. Notably, alongside the announcement, the Obamas also started a new production company called “Higher Ground Productions“. In a statement when … Read more
Brenda Snipes’ office mixed bad provisional ballots with good ones… Broward’s elections supervisor accidentally mixed more than a dozen rejected ballots with nearly 200 valid ones, a circumstance that is unlikely to help Brenda Snipes push back against Republican allegations of incompetence. Broward officials faced further headaches after acknowledging the county mistakenly counted 22 absentee … Read more
by Hollywood Rob Yeah sure it’s long. But you know what, these guys are discussing what you will be seeing here in very short order. https://youtu.be/obvOCp-4QZY
Via Crime Research Twelve people were murdered and 18 injured at a bar in Ventura County last week. Our hearts go out to those who lost loved family members or friends in the attack. We can’t imagine what is going through the minds on parents. California issues very few concealed handgun permits and Ventura County is … Read more
House Democrats plan to investigate whether President Trump abused White House power by targeting — and trying to punish with “instruments of state power” — the Washington Post and CNN, incoming House intelligence committee chairman Adam Schiff said in an interview for “Axios on HBO.” Why it matters: Until now, all Trump critics could do is … Read more
Make up your own mind this is only 12 minutes or so. The second half of this important update may shock some of you to your core. The “camp fire” in California, like the Sebastopoll and Santa Rosa wildfires that came before it appears to have the hallmarks of something far more sinister than what … Read more
via thefreethoughtproject: The owners of a Facebook page dedicated to helping suicidal veterans cope with combat stress claim that their page was mysteriously deleted by Facebook with no explanation. The closure is one of the latest from the company, which has been heavily criticized as of late for running a censorship campaign targeting alternative news media … Read more
via Zerohedge: Stocks reversed earlier gains, turning lower in Europe as U.S. futures pared as many as 20 points of upside in overnight trading before turning lower on Monday, following a mixed session across most of Asia as investors weighed the outlook for equities after a roller coaster few weeks. Volumes were subdued with many … Read more
by DCG You cannot make this up. Seattle has had a homeless crisis for over three years. They allow the homeless to urinate and defecate in public. Homeless are allowed to shoot up drugs openly on city streets. Crime is rampant and Seattle Police are slow to respond. Prostitution is on the rise. Seattle has a lot of … Read more
by Charles Hugh-Smith Isn’t it obvious that repeating the policies of 2009 won’t be enough to save the system from a long-delayed reset? 2019 is shaping up to be the year in which all the policies that worked in the past will no longer work. As we all know, the Global Financial Meltdown / recession of … Read more
Authored by Sven Henrich via NorthmanTrader.com, There are a lot of people expressing certainty about the rest of the year. For most the next move is higher as they are expecting a massive seasonality based rally especially if the Fed holds off on raising rates in December. Some are coming out and predicting a sell … Read more