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Watch the latest video at foxnews.com The U.S. economy is roaring. More voters rate the economy positively today than have since 2001. According to spending data from June, Americans spent more at restaurants and retail locations than expected, while U.S. manufacturing output continues to rise. As Federal Reserve Vice Chair Richard Clarida recently put it, “The U.S. economy is in a … Read more
The Memo: 2020 Democratic race enters do-or-die phase The race for the Democratic presidential nomination enters a new phase this week, with candidates desperate to make an impact in a second round of debates. The debates, which take place on Tuesday and Wednesday evening in Detroit, offer a last chance for some candidates to break … Read more
by Michael Snyder The recent seismic activity in the state of California has taken a strange turn. According to the Los Angeles Times, there have been more than 80,000 earthquakes in the state since July 4th, and most of those quakes were aftershocks of the two very large events that hit the Ridgecrest area early in … Read more
by Michael Snyder An absolutely massive hole has formed in the upper atmosphere of the Sun, and our planet will align with that hole later this week. Once the alignment happens, Earth will be bombarded by a “solar storm”, and nobody is quite sure yet how bad it will be. If the storm is relatively … Read more
BY JOHN RUBINO Stephanie Pomboy on “the startling consequences of monetary policy” … Jim Rickards: “Currency wars are back front and center. Clearly the US is going to win” … Max Keiser: “The time value of money is disappearing” … Michael Pento: “We’re headed for a bout of stagflation like we’ve never seen” …
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter In the US alone, it impacts nearly $40 trillion. And there are consequences for the real economy (10 minutes).
https://www.youtube.com/watch?v=ohMPwD6daa0 We’re not just becoming increasingly lawless, we’re also being deprived of our constitutional rights. Seems to me this should be challenged in the courts. GH
by SpontaneousDisorder The Fed is almost certainly going to cut 0.25% next week with stocks at record highs and the economy growing strongly. The ECB is also keen to do more stimulus. So the question is how do we make this bubble big enough and rich people rich enough for the central banks to … Read more
by WSBConsensus
by Charles Hugh-Smith With these speculative and risk management skills accessible only to the wealthy, no wonder only the wealthy have gained purchasing power in the 21st century. Let’s start with an excerpt from a recent personal account by the insightful energy/systems analyst Ugo Bardi, who is Italian but writes his blog Cassandra’s Legacy in English: Becoming Poor in … Read more
https://www.youtube.com/watch?v=F6mzL9TNCLY
Authored by Chris Hamilton via Econimica blog, Global debt is currently at $246.5 trillion and primarily in the Wealthier, Consumer Nations of the world. The population of young in Consumer Nations has fallen 12% or over 100 million Since Peaking in 1975. Debt on a per capita basis gauged against the consumer nations young is … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The concentration of corporate debt: The top 46. The US Justice Department today approved the merger of T-Mobile, the third largest wireless carrier and Sprint Corp., the fourth largest wireless carrier. For the merger to go forward, they will have to sell Sprint’s prepaid brands to Dish. As for the rest, … Read more
by NonExpert_NotAdvice Good Sunday, and welcome to this (late) installment of Congressional activity and financial markets. The general idea is that the statements and actions of federal legislators can have an effect on broader markets. I try to provide interesting happenings as well as participants. I don’t suggest any specific positions: I’d like those to … Read more
Some Fed watchers predict officials will cut their benchmark by half a percentage point, but the signal is that they will eschew a bigger move in favor of a quarter point reduction. They will likely also leave open the possibility of further action down the road as they seek to sustain the record-long U.S. expansion and … Read more
Jeanine Pirro breaks down former Special Counsel Robert Mueller’s Capitol Hill testimony.
Former CIA Officer and whistleblower Kevin Shipp says a very big risk is the global economic system suffering a financial calamity. This includes the U.S. Shipp contends, “Russia and China are stocking up on gold . . . as they agree to stop using the U.S. dollar and go to the yuan and ruble, which … Read more
by DCG From Yahoo: New Zealand’s government is planning further restrictions to gun ownership in a law proposed Monday that emphasizes owning guns is a privilege and not a right. The new law would ban the sale of guns to overseas visitors, create a register to track all guns in the country, and require gun owners to … Read more
