by Michael Snyder It is difficult not to admire the relentless optimism on Wall Street. A divided Congress is going to guarantee two years of gridlock and political turmoil in Washington, but many in the financial community are choosing to interpret the election results as a positive sign. They remember the “gridlock” during the Obama years, … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to almost, but no cigar, $4 trillion, or more precisely $3.93 trillion (not seasonally adjusted), according to the Federal Reserve this afternoon. As befits the stalwart American consumers, … Read more
David Corn for Mother Jones reports, With the Democrats having won control of the House of Representatives, President Donald Trump and his crew in the White House and assorted federal agencies can expect to be hit by a wave of investigations and subpoena requests from Capitol Hill. https://www.youtube.com/watch?v=WQhHDRUhF-M Read More/Source/Credit/FairUse: https://www.motherjones.com/politics/…
Authored by Brandon Smith via Alt-Market.com, Over the past few weeks I received numerous requests from readers to publish my predictions on the outcome of the midterm elections, but I did not do so for a couple of reasons. First and foremost, I view the election process very differently from many people. I do not … Read more
Those people in Australia and New Zealand, let me know what you’re seeing with real estate right now in 2018. Real estate in Australia has once again fallen further down. This is a definitely trend that has not let up. All throughout 2018 we have seen prices in Sydney in particular come down to a … Read more
by AlexPitti When you combine +20% earnings growth with a flat market, the multiple compresses. The problem is earnings fall in slowdowns. If those potential negative catalysts end up coming true, stocks will falter because they trade on future estimates, not trailing earnings. The bad news: The determining factor for how stocks do in the … Read more
by NaturalHedgehog Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging! Below are my notes from 7 November 2018 as of mid-morning. (This list is limited to companies … Read more
Libor hits decade high pic.twitter.com/QluHNk7jNk — Alastair (@StockBoardAsset) November 7, 2018 A Worldwide Debt Default Is A Real Possibility Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash yet. Whether it’s wise or not … Read more
by Thinker The FDA has been on a campaign to ban a natural plant called kratom, that many say is a wonderful pain reliever. People use kratom for opiate withdrawal, cough, depression, anxiety, and many others, but there is no scientific evidence (not a money maker)to support these uses. How does it work? Kratom contains … Read more
JEFF SESSIONS HAS RESIGNED. Democrat Rep. Jerrold Nadler is demanding an investigation, which is funny because just last year he was saying this: The clown show begins! h/t GR
via CybergothiChe: There is a housing crisis in Australia’s apple isle, Tasmania. It is part of a greater plan to use Australia as a lifeboat for humanity when society in the rest of the world fails due to nuclear war. But the rich will escape to Antarctica. Tasmania is rapidly becoming the ‘to go’ place, and … Read more
by axolotl_peyotl The brief and manufactured outrage against Saudi Arabia that was recently peddled by the Mockingbird MSM has apparently run its course. After distracting the masses with “domestic terror” events and a sham of an election, the collective amnesia of the brainwashed population has set in with a vengeance. Meanwhile, the US figureheads of the … Read more
by axolotl_peyotl This article offers some high octane speculation for the recent Lion air tragedy, which killed nearly 200 people. Another article on the event notes: At least 23 government officials, four employees of state tin miner PT Timah and three employees of a Timah subsidiary, were on the plane. At this point, this author … Read more
by Martin Armstrong It looks like we will not have the final number on the MidTerm Elections at least until tomorrow. There are more than a dozen races across multiple states that are too close to call which include contests in Arizona, Florida, and Montana for the U.S. Senate and in Georgia for governor. There is … Read more
via arstechnica: China Telecom, the large international communications carrier with close ties to the Chinese government, misdirected big chunks of Internet traffic through a roundabout path that threatened the security and integrity of data passing between various providers’ backbones for two and a half years, a security expert said Monday. It remained unclear if the highly … Read more
TALLAHASSEE, Fla. (AP) — A bitter and expensive clash between Florida’s Republican Gov. Rick Scott and Democratic Sen. Bill Nelson remains too close to call, despite Scott’s declaration of victory. Nelson has not conceded. His campaign says it’s preparing for a recount and will have observers in every one of the state’s 67 counties to … Read more
San Francisco voters Tuesday gave a solid thumbs-up to Proposition C, which is designed to inject the most money ever directed at city homeless programs by taxing big businesses to raise hundreds of millions of dollars. With 99 percent of the vote counted, the measure won 60 percent to 40 percent — a solid majority, … Read more
https://www.youtube.com/watch?v=bb04pr3hXYo A Swiss bank, the biggest Japanese carmaker and a British defence giant are among foreign-owned firms giving millions of dollars to the Republicans and Democrats in the midterms… And that’s despite foreign donations being banned.
Watch the latest video at foxnews.com According to Fox News: Motel 6 has reportedly agreed to pay up to $7.6 million to settle a class-action lawsuit after the chain was accused of sharing Hispanic guests’ personal information with U.S. Immigration and Customs Enforcement agents. Earlier this year, the chain was sued by former guests who alleged … Read more
by Kimble Charting CLICK ON CHART TO ENLARGE The above 2-pack looks at a couple of very important sectors of our economy, Home Builders and U.S. Concrete. Both have been hit very hard this year, declining large percentages. Both have been much weaker than the broad markets. The declines this year have both testing 7-year rising channels at each (1). … Read more
For More Information See: https://www.thesun.co.uk/news/7677741… https://www.infowars.com/voting-machi… https://twitter.com/FoxNewsResearch/s… https://www.infowars.com/trumps-repub… https://www.infowars.com/illegal-vote… https://www.infowars.com/busted-dem-c… https://youtu.be/veE5-O6wACw https://www.breitbart.com/midterm-ele…
BY JOHN MAULDIN The US Treasury has closed the books on Fiscal Year 2018, which was another debt-financed failure. The federal government spent above $4.1 trillion in FY 2018. It had to borrow $779 billion on budget and a few hundred billion more off-budget. And over 40% of the on-budget deficit went simply to pay $325 … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Startups spend almost 40 cents of every VC dollar on Google, Facebook, and Amazon.” Chamath Palihapitiya, CEO of Palo Alto-based Social Capital – a “technology holding company” – and an early Facebook executive responsible for increasing its userbase (he left in 2011 to found Social Capital), has been accused of being outspoken before. … Read more
BY JOHN MAULDIN There’s very real possibility the global economy breaks down in the next six months. Anything could trigger a crisis, and it could well be something no one now foresees. But here are my three candidates. Corporate Credit Crisis US companies are way more leveraged now than they were ahead of the 2008 crisis. … Read more
by Dave Kranzler of Investment Research Dynamics I’m already fatigued and disgusted with Christmas promotions. They’re everywhere now, including every other ad on television. I’ve come to loathe the holiday season because of the extreme materialism and consumerism into which it has degenerated. That said, Wall Street has overlooked or ignored an interesting aspect reflected in Amazon.com’s Q3 … Read more