by DCG From Fox News: Philadelphia has announced it will end a major information-sharing contract with Immigration and Customs Enforcement (ICE), bowing to intense pressure from activist groups and drawing immediate condemnation from federal officials. The move means that the city will …
by Dr. Eowyn There is honor among thieves. Convicted felons serving time in jail still have a sense of right and wrong. In their hierarchy of crimes, pedophiles rank among the worst, which accounts for why they mete out their …
via G, P, & C Is the Bank of Japan Finally Losing Control? While we like to focus on the US Federal Reserve (the Fed) because it controls the global reserve currency (the US dollar) and therefore is the most …
The second-half borrowing estimate of US$769 billion is the highest since US$1.1 trillion in July-December 2008 via scmp The Treasury Department predicted the US government’s borrowing needs in the second half of this year will jump to the most since …
via Sue Chang John Hussman, president of Hussman Investment Trust, describes himself as an economist, a philanthropist, and a “realist optimist often viewed as a prophet of doom” on his Twitter profile. That last bit may be the one investors care …
he posted this with the first few words. https://twitter.com/realdonaldtrump/status/1009536237881847808 Much better to post the entire Schumer lecture before the shutdown h/t Trwway2
via Skynews: Tommy Robinson has been freed from prison on bail after winning an appeal against a contempt of court conviction. Judges from the Court of Appeal quashed the finding and original 13-month sentence, made in May, at Leeds Crown …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Historic spike in Seattle. Sharp increases in other metros. New York condos fall. Homes prices in the US surged 6.4% in May compared to May a year ago (not seasonally-adjusted), and 1.1% from April, according to …
I totally forgot to mention it but the “bankers predicting” refers to a report I’ve showed you here for before. It was either a chart from Morgan Stanley or BOAML. They suspect that everything will reverse by the end of …
by David Haggith While glowing presidential proclamations about US GDP growth last week did nothing to prevent the stock market from rushing headlong over the cusps of a FAANG stock ledge, the market is taking a breather today. So, let’s take …
by visualcapitalist The interplay between technology and work has always been a hot topic. While technology has typically created more jobs than it has destroyed on a historical basis, this context rarely stops people from believing that things are “different” this time around. …
by howmuch People have been moving away from the countryside and into urban areas for several decades. Many economists believe this trend will only continue, making cities the engines of economic growth for the foreseeable future. But this begs the question: how …
https://www.youtube.com/watch?v=s70BoJeBcWc Jim Hoft for the Gateway Pundit reports, A recent study by the leftist website VICE News found that Twitter is censoring top pro-Trump lawmakers. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…
by Michael Snyder If the U.S. economy is really doing so well, then why is homelessness rising so rapidly? As the gap between the rich and the poor continues to increase, the middle class is steadily eroding. In fact, I recently gave …
by Thinker President Barack Obama made many promises while campaigning for office in 2008 and 2012, but very seem to actually be top priorities for the commander in chief. From closing the Guantanamo Bay detention facility to increasing government transparency, …
via confoundedinterest: (Bloomberg) — Short-end U.S. rates have been buoyed by a tightening of Federal Reserve policy and an increase in issuance, and the U.S. Treasury on Monday sold $51 billion of three-month bills at 2 percent, the highest rate for an auction of …
By Bob Shanahan Cover image from Drudge Report We now have less than 100 days left until the November 2018 midterm elections. While the economy hums along at its highest growth rate since 2014 and taxpayers have …
by Chris Black Watch liberal heads explode! President Trump has stated the obvious on Tuesday, just as Paul Manafort trial saw its first day in court: Collusion is not a crime. Indeed, that’s what normal people were saying since like, …
by Thinker New York Times publisher A.G. Sulzberger says he is worried about threats against journalists, even as his publication has all but ignored more than 500 attacks against President Trump and his supporters. After meeting with the president this …
via nzherald.co.nz: Former Prime Minister Sir John Key has warned the global economy is starting to splutter and that in the event of a downturn the parties in power in New Zealand are not the ones to set it right. Sir …
h/t @HayekAndKeynes Twitter down 27% in past 2 trading days, worst two-day decline since it went public in Nov 2013. $TWTR pic.twitter.com/pMLdr2d4xz — Charlie Bilello (@charliebilello) July 31, 2018 Peak Tech? peak-tech-mp4 Bet this number won't make the headlines… but it …
via MarketWatch: After spending his days teaching AP American history and economics at the public Live Oak High School in San Jose, Calif., Matt Barry drives for Uber. Barry’s wife, Nicole, teaches as well — they each earn $69,000, a …
via moneyweek: It’s very easy to become parochial when it comes to thinking about property markets. We focus on the slowdown in the UK market and we ponder what’s causing it. Could it be new rules on landlords? Could it be …
via Reddit: This is something I noticed right around the time I stopped working for Amazon a few years ago, and now that they’ve tumbled the tiniest bit I feel like sharing a fair warning for anybody paying attention. Amazon …
picks yet another bottom in Square with perfectly timed calls June 2016, exercised at $8 Jan 2017. Approx $45k cost basis worth $325k today. h/t @pierpont_morgan
via NYT: WASHINGTON — The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors …
via Bloomberg: If you thought the slump in U.S. technology stocks was bad, take a look at Tencent Holdings Ltd. The Chinese Internet giant has tumbled 25 percent from its January peak, erasing about $143 billion of market value. That’s the …
via zerohedge: Many investors have said ‘it’s different this time’ about Tech stocks over the last few years, and so far they’ve been right – despite numerous warning signs of Tech, growth, and momentum being crowded, these stocks have continued to go …
"Short-term US Treasury Yields enter the week at their highest levels in 10 years…," h/t @charliebilello pic.twitter.com/MpokXx4xzU — Alastair (@StockBoardAsset) July 30, 2018 "Eurozone slowdown starts to appear in business and consumer surveys," @dlacalle_IA pic.twitter.com/XmwhCil6e4 — Alastair (@StockBoardAsset) July 31, …
h/t @michaellebowitz The market is all air. Not a fundamental in sight h/t @OccupyWisdom The #economic “expansion” feels like a #depression because a depression is sub trend #GDP growth for a sustained period of time. The expansion has been below trend …