Expect falling asset inflation, but rising cost inflation by Charles Hugh Smith Inflation is a funny thing: we feel it virtually every day, but we’re told it doesn’t exist—the official inflation rate is around 2.5% over the past few years, a little higher when energy prices are going up and a little lower when energy … Read more
The Mega Millions jackpot has climbed to $1.6 billion after no winning ticket was sold in Friday night’s drawing. https://www.wfla.com/1537548402 And remember: IWB cheerfully accepts donations in any amount!
by Troy Our U.S. stock market outlook is simple: This is still a bull market, which probably has almost less than 1 year left. Fundamentals continue to favor the bull market and the Medium-Long Term Modelremains bullish. The medium term is bullish. This is just a correction, and risk:reward favors the bulls right now. The short term leans … Read more
The Texas Democratic Party has been sending pre-filled applications to non-citizens with the citizen box marked “yes,” according to new complaints filed Thursday by the Public Interest Legal Foundation. The organization notified district attorneys and the Department of Justice, and included a signed affidavit from a man who claims that several relatives who are not … Read more
by RonPaulLibertyReport The economy is not a machine, and the Fed is not a mechanic. Terms like an “overheating” economy,” and “stepping on the gas,” or “slamming on the brakes,” are all nonsense. The idea that that anyone is capable of “running the economy” is a pure fairy tale. Ron Paul discusses this very popular myth. … Read more
https://twitter.com/hks55/status/1053029205544501248 Is #SPX $SPX oversold as they say on TV? Forget about that already…it remains in the very overbought especially compared to the Feb Decline pic.twitter.com/zDCP5v8RfT — mcm-ct.com (@mcm_ct) October 19, 2018 pic.twitter.com/x7JafQ2ukq — Peter Brandt (@PeterLBrandt) October 19, 2018 https://twitter.com/UnboundedMidas/status/1053366406274863106 ECB's QE program is slowing — that means something is about to break pic.twitter.com/GSEBRcSlNr … Read more
by COMPUTER1313 via Bloomberg: Federal student loans are the only consumer debt segment with continuous cumulative growth since the Great Recession. As the costs of tuition and borrowing continue to rise, the result is a widening default crisis that even Fed Chairman Jerome Powell labeled as a cause for concern. Student loans have seen almost … Read more
by Rellim03 It has a market cap of 98.5 billion so its pretty huge, and currently has a PE of 10.06 (which is pretty darn low) The dividend was always good around 6.5% but after the recent price drop in almost all stocks, this company is now paying a dividend yielding a whopping 10.61%!!! They … Read more
by notlachargers I’m 28 years old, make $65k a year ($3,800 take home monthly) and live with my girlfriend in Los Angeles, CA. My company matches my 401k contribution every paycheck at 4%. Credit score is currently at 640-650. I’ve been helping my parents out financially the last couple of years because they are going … Read more
by Horg Hi, Currently I make about €4400 gross a month working as a geologist (salaried employment. THP is €2620). I don’t live in a big city, so monthly expenses are pretty low. At the end of the month, I’m left with ~ €800 that I put into savings, mostly stocks or ETFs. (Another €400 … Read more
holy shit, if you own real estate — do not look at this chart. pic.twitter.com/b5H0hewL6l — Alastair (@StockBoardAsset) October 19, 2018 US New Home Sales versus 30Y mortgage rate pic.twitter.com/ui2OcB1GAV — Alastair (@StockBoardAsset) October 19, 2018 After you look at this chart, please hug your family this weekend. pic.twitter.com/pUwioeldJs — Alastair (@StockBoardAsset) October 20, 2018 … Read more
by tunawithoutcrust I live in a different time zone so I woke up to -11% on my AMD position. https://markets.businessinsider.com/news/stocks/amd-stock-price-reflets-an-impossible-scenario-2018-10-1027634438 Thoughts on this? Anyone planning on getting out now before it drops more, potentially to get in again later? Highlights: AMD shares will drop more than 30% to $18 due to comparative disadvantages in its competition with … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Forget the hype about a shortage of supply. In its report today on existing-home sales in September – they fell by 4.1% from a year ago to the lowest level since November 2015 — the National Association of Realtors blamed inevitably the “decade’s high mortgage rates.” This is no surprise. The Fed has … Read more
Authored by Charles Hugh Smith via OfTwoMinds blog, The Mandate of Heaven will be withdrawn, and the autocratic regime overthrown. The absolute confidence that China’s political structure is permanent and forever is reminiscent of the absolute confidence in the 1980s that the USSR’s political structure was permanent and forever. But the social contract that undergirds the … Read more
by John Rubino The sentiment shift is still subtle, but it’s both real and widespread. After a few years of being ignored and/or dismissed as basically useless, gold is cool again, attracting positive comments in the media and increasing accumulation by big investors. India, for instance, imported less gold than usual in the first part … Read more
by Chris Okay, 0.5 points under the 200 dma. So the bears got a slight victory here? Not really. For what it’s worth, there are tons of troubling economic signs around the world, and plenty to suggest that the bull case here in the US has to rest too much (entirely) on official central bank … Read more
Recently we discovered that this influence has been much more extensive than people thought. We shouldn’t need to find out about the full extent of that influence through FOIA requests, and that’s assuming we do know about all of it, which I doubt. Washington DC’s role behind the scenes in Hollywood goes deeper than you … Read more
Antifa May Be The Biggest Liability For Democrats as they instigate conflict with right wing groups causing the general public to move towards republicans. Not only that but they lose every time they start a conflict. NYPD has recently made an arrest of one of the Proud Boys involved in the NYC scuffle but they … Read more
by Disobedient Media Disobedient Media previously reported the tightening stranglehold of censorship across social media. Unfortunately, events that have taken place since the publication of this writer’s opinion that Julian Assange was the first domino to fall in a series of increasingly draconian censorship measures have far exceeded even this author’s worst expectations. The crackdown has seen … Read more
by ObservationalHumor So as of last night Tesla made some significant changes to the actual versions of the Model 3 that can be order going forward. They aren’t selling the LR version anymore and you need to get an AWD or Perf version for the biggest battery pack. There’s now a Medium Range version with … Read more
by jakewins The Treasury Department on Friday outlined rules for investors seeking to finance development in under-served regions in exchange for significant tax breaks. The opportunity zones come with several tax advantages. Capital gains placed in a certified opportunity zone fund will not be taxed through the end of 2026 or when the investment is … Read more
It’s unbelievable that this big banks has still employ this type of people, you should resign for your lack of knowledge of things, it’s not like that you don’t understand, you are very one of the best, it’s not like you don’t understand our business , you don’t understand your own business. You are a … Read more
A senior attorney on special counsel Robert Mueller’s legal team has even more connections to the Clinton campaign than previously thought; attending Hillary’s election night soiree in New York City along with other senior aides, reports the Wall Street Journal. Andrew Weissmann, described by the New York Times as Mueller’s “pit-bull,” allegedly attended the Clinton … Read more
The U.S. government’s mammoth broadcasting arm has begun the “unleashing of thousands of hours per week of government-funded radio and TV programs for domestic U.S. consumption,” John Hudson of Foreign Policy reported on Sunday. The content arrives with the enactment of the Smith-Mundt Modernization Act of 2012, sponsored by Rep. Mac Thornberry (R- Texas) and Rep. Adam … Read more
