from Financial Survival Network John Rubino returns… When it comes to government incompetence, few places can match New York’s. Corrupt labor laws, rapacious unions and bought and paid for politicians have led the CIty and State into a death spiral. It’s just one of many cities and states facing the burden of retiree pension and healthcare benefits. … Read more
by Lance Roberts In this past weekend’s newsletter, I noted Raymond James’ Kevin Giddis’ three possible outcomes for the mid-term elections: “What could a potential change do for bonds and stocks? There are many possible scenarios, so the devil is in the details. I will lay out a couple of them for you: 1) The Republicans could … Read more
by Keith Weiner of Monetary-Metals Terry Goodkind wrote an epic fantasy series. The first book in the series is entitled Wizard’s First Rule. We recommend the book highly, if you’re into that sort of thing. However, for purposes of this essay, the important part is the rule itself: “Wizard’s First Rule: people are stupid.” “People are stupid; given proper … Read more
Do you think that Canada’s real estate is too expensive? Or should we just take off to our igloo’s, eh?
Frank Camp for the Daily Wire reports, On Sunday, Secretary of State Mike Pompeo appeared on “Fox News Sunday.” https://www.youtube.com/watch?v=WRNC9ThowXk Read More/Source/Credit/FairUse: https://www.dailywire.com/news/37962/…
by DCG The signs are a “public nuisance.” From KIRO: Seattle business owners say they are plagued by issues with homeless people living in RVs parked by their businesses and the city is going after them for trying to do something about it. KIRO 7 got copies of letters from SDOT to multiple property owners saying the “no-parking” signs posted … Read more
From Business Insider: The hedge fund manager famous for betting against the US housing market ahead of the 2008 crash is shorting two British bank stocks in anticipation that the UK falls out of the European Union without securing an exit deal. “I’m shorting two stocks in the UK,” he told a conference in Dubai, United … Read more
by Jim Rickards of Daily Reckoning Unless you’ve been living under a rock somewhere, you know the critical midterm elections are tomorrow. The outcome will likely have a major impact on President Trump’s future in office. For months, we heard talk of a coming blue wave that would put Congress back in Democratic hands. Basically, the idea was … Read more
China’s official doctrine is to take Taiwan by diplomacy or force, any means necessary, by 2021 (the 100th anniversary of their Communist Party). This has been openly stated by Xi Jinping, so the short-fuse countdown is set, lest China’s Govt, and especially Xi, lose “face”. Senkaku Islands dispute: US and Japan draw up plans … Read more
by McShillin The newest batch of ACT scores shows troubling long-term declines in performance, with students’ math achievement reaching a 20-year low, according to results released Wednesday. The average math score for the graduating class of 2018 was 20.5, marking a steady decline from 20.9 five years ago, and virtually no progress since 1998, when it … Read more
by UsedConcentrate Edward Snowden in a signed declaration states that a document relied upon in a case filed by the EFF, which seeks to challenge the government’s alleged illegal and unconstitutional surveillance of Americans, is actually the same document that he came upon during the course of his employment as NSA contractor. The document (PDF) is a … Read more
I’ll never stop saying it..Liberals hate Independent Successful Black Men. John James is the reason why Hillary Clinton called African American Men Super Predators. She was scared of their potential and never spent a single day in her life thinking of Restoring the Black Family Unit. Sad. h/t EndofTimes27
by Martin Armstrong Sen. Chuck Grassley has asked the FBI to investigate another person he says made false claims against Supreme Court Justice Brett Kavanaugh. Previously, an investigation into sexual misconduct allegations against Supreme Court Justice Brett Kavanaugh by multiple women found that there were no witnesses that could provide any evidence to substantiate any … Read more
By Bob Shanahan Nate Silver’s FiveThirtyEight puts the chances of the Democrats winning back the House of Representatives today at 88 percent. RealClearPolitics calculates that the Democrats will pick up 27 House seats. The Cook Political Report’s David Wasserman said the most likely outcome today is the Democrats picking up well above the 23 seats … Read more
by Martin Armstrong The latest data from Euro Stat for September 2018 demonstrates the complete failure of the ECB and its Quantitative Easing. The Euro area (EA19) seasonally-adjusted unemployment rate came in at 8.1% in September 2018, which was down slightly from the year/year perspective of about 8.9%. This above all proves that the entire … Read more
by Troy Midterm elections are here. Lots of trader and investors are talking about “if the Republicans/Democrats win/lose, the stock market will (insert random guess here). This “analysis” is no better than a coin toss. Nobody knows how the election will play out, and more importantly nobody knows how the stock market will react to the … Read more
Tom Fitton is a MFing rock star! He’s got 3 lawsuits going against Soros. Sub to Judicial Watch if you aren’t already! h/t
by Chris Here’s a fun Tweet: David Rosenberg @EconguyRosie Word to the wise. We have endured two 10% corrections in the same year for all three major averages. This has only happened in 1973, 1974, 1987, 2000, 2001, 2002 and 2008. All but 1987 signalled recession, but that wasn’t a pretty picture either. Also Libor … Read more
Rigging voter rolls, waging proxy war, deplatforming, hyper-moralism, anti-independence sentiment, economic intervention, abandonment of the working class… These people are now the enemy of all that is good and free.
The student loan default rate more than doubled between 2003 and 2011, and 40 percent of borrowers are expected to fall behind on their loans by 2023. “It’s going to be very consequential for the future of the country,” says Barmak Nassirian, director of federal relations at the American Association of State Colleges and Universities. … Read more
via yahoo: Goldman Sachs is worried that inflation could rise faster than expected, and urged policymakers to take action to avoid “a dangerous overheating.” Their recommendation: five more 25 basis point hikes before assessing whether further hikes are necessary. The U.S. economy showed no sign of slowing in October, as Friday’s jobs report showed payrolls growing … Read more
Authored by Mike Shedlock via MishTalk, It takes 23.6% of median income to make the monthly payment on the average-priced home. In it’s latest report, the Black Knight Mortgage Monitor confuses affordability with payment stress and fails to make an apples-to-apples comparison when determining homes are “more affordable” today than in the period 1995-2003. Nonetheless, the report … Read more
by howmuch The U.S. economy is booming. Republicans think President Trump deserves much of the credit for cutting business and individual tax rates combined with a deregulation agenda. And Democrats believe former President Obama rightfully deserves ownership for America’s recovery. Regardless of who gets credit, our newest visualization of net compensation levels for American workers demonstrates that the economy is … Read more
via Marketwatch: Election Day is finally here, and investors should be ready, given that barely a stone has been left unturned with regards to potential outcomes. While history shows midterms haven’t really carried much weight, at least in the immediate term, “given amount of controversy we have around this government, these elections for the first … Read more
It looks like it’s going to be a 46-54 minimum! ARIZONA🔴41% (+7)🔵34% FLORIDA🔴41% (+1)🔵40% GEORGIA🔴50% (+6)🔵44% INDIANA🔴56% (21!)🔵35% MONTANA🔴47% (+18)🔵29% NEVADA🔵42% (+4)🔴38% TENNESSEE🔴63% (+34!!)🔵29% TEXAS🔴53% (+14)🔵39% View @targetsmart/@nbcnews https://t.co/3yJoxmyplm pic.twitter.com/qavZ9wUDGA — Political Polls (@PpollingNumbers) November 6, 2018 h/t JADR