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via CNBC: A sudden pullback in spending among the wealthy could cascade down to the rest of the economy and create a further drag on growth. High-end real estate is having its worst year since the financial crisis. Luxury retailers are struggling while discounters like Walmart and Target thrive. At this month’s massive Pebble Beach … Read more
by theorganicprepper A mysterious new beef recall has taken place because the meat is “unfit for human consumption.” According to Food Safety News: Chino, CA-based American Beef Packers, Inc. late Saturday recalled approximately 24,428 pounds of raw beef products that are deemed unfit for human consumption, according to the U.S. Department of Agriculture’s Food Safety and … Read more
https://www.youtube.com/watch?v=5rj-mRw2mQY Sources: https://youtu.be/fPPPExnnBnU
Democrats Are LOSING Union Support To Trump, “The Far Left” Is NOT Working Class. Trump recently fired back at the head of the AFL CIO over criticism on the new trade agreement with Mexico and Canadao called the USMCA. Trump claimed that in private the union leader was grateful but once the cameras turned on … Read more
via MarketWatch: As the Democratic presidential candidates argue about “Medicare for All” versus a “public option,” two simple policy changes could slash U.S. health-care costs by 75% while increasing access and improving the quality of care. These policies have been proven to work by ingenious companies like Whole Foods and innovative governments like the state … Read more
Widespread closures have roiled the retail industry, but many more stores are likely to shut down in coming years to keep up with a shift to online shopping, according to a report by investment firm UBS. An estimated 75,000 stores that sell clothing, electronics and furniture will close by 2026, when online shopping is expected … Read more
by Martin Armstrong Lebanon has maintained a peg to the US dollar for about two decades and as all pegs go, this one is under pressure as the rise in the dollar imports deflation. The central bank has declared an economic emergency as it attempts to reassure people it will hold the peg. Lebanon is … Read more
United States Fiscal Year Pending Cases Figure 1. Pending Deportation Cases, FY1998-FY2019 (to view values, mouse over any bar) Figure 1 shows the number of cases pending before the Immigration Courts by fiscal year. For prior years, the number shown represents pending cases at the end of each fiscal year (September 30). For FY 2019, … Read more
by Lance Roberts In this past weekend’s newsletter, I broke down the bull/bear argument dissecting the issues of cash on the sidelines, extreme bearishness, equity outflows. However, even though the economic and fundamental environment is not supportive of asset prices at current levels, the primary argument supporting asset prices at current levels is “optimism.” “The biggest reason for … Read more
by Wayne Allyn Root Isn’t it funny how the liberal mainstream media loves to throw around the term “conspiracy theorist” at any conservative who tells raw truth and asks lots of good questions about the biggest stories in the news? What’s so absurd about the mainstream media using that term “conspiracy theorist” is these are the … Read more
by Martin Armstrong QUESTION #1: You expect global cooling due to the decrease in solar energy. Why do glaciers melt? MG QUESTION #2: Now that the Greenland Glacier is growing, is this part of the shift back toward global cooling? Do you think we are headed to an ice age? FH ANSWER: There appears to be a 20-year cycle … Read more
from Zero Hedge The IMF just broke its own record of incompetence: less than a year after its record, $57 billion bailout of Argentina was finalized, S&P just downgraded the country from B- to Selective Default – the equivalent to a default rating – following the government’s “reprofiling” of its debt on August 28, when it … Read more
By Tsvetana Paraskova All major stakeholders in the oil industry need oil prices to be higher than the current $60 a barrel Brent Crude to turn profits or balance government budgets. Yet, in the long term, oil prices at $60 wouldn’t be competitive in the transportation sector because they won’t be able to compete with electric vehicles … Read more
By Nick Cunningham Lower oil prices and ongoing financial stress in the U.S. shale industry are creating headwinds for drillers, and it appears increasingly likely that supply growth could undershoot forecasts. U.S. oil production fell in June to 12.082 million barrels per day (mb/d), according to new data released by the EIA on Friday. That is a … Read more
by TFittonJW Comey should have been arrested but his coup cabal cronies were running the show when it was first learned he stole President Trump’s FBI files, some of which were classified, and then lied about leaking and hiding them in his home.
Let’s combat cow farts! By eating veggie burgers made with beans! AC
Facebook may soon start hiding likes on News Feed posts. The company already tested a similar move on Instagram in August as a way to help break users’ fixation with getting likes on their pictures. Data miner Jane Manchun Wong discovered that Facebook is experimenting with the change in its Android app Monday. The company said Monday it’s considering … Read more
By Jared Dillian You have probably heard that $15 trillion of bonds are trading with negative yields. That’s 25% of all sovereign bonds outstanding. Lots of people are furious about this—but it’s no use getting mad at the market. Lots of people say it doesn’t make sense. It makes sense to me, and to a … Read more
by Michael Snyder Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now. Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”. After several years of relative economic stability, … Read more
by Michael Snyder This is the worst natural disaster that the Bahamas have ever seen. For hour after hour, Hurricane Dorian has remained almost stationary over the islands, and the devastation is immense. Power poles are being snapped like twigs, vehicles are being tossed about like toys, and thousands upon thousands of homes have already … Read more