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The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and … Read more
US home improvement retailer Home Depot cautioned that the US-China trade war meant its sales growth this year would be slower than previously expected, joining a growing list of American companies whose performance is being dented by tariffs. Home Depot said that its 2019 sales would likely increase by 2.3 per cent from 2018, reflecting … Read more
From @Kabamur_taygeta: https://twitter.com/kabamur_taygeta Face in Antarctica Google Earth: 72°00′ 36.00” S, 168° 34′ 40.00” E 1. #Neioh “This is an ancient artifact which has been altered in appearance by the temperature and wear over time. 2. It is millions of years old and the face is that of a Pleiadian Elder. When We first built … Read more
from Zero Hedge There was a time when the merest mention of gold manipulation in “reputable” media was enough to have one branded a perpetual conspiracy theorist with a tinfoil farm out back. That was roughly coincident with a time when Libor, FX, mortgage, and bond market manipulation was also considered unthinkable, when High Frequency Traders … Read more
WASHINGTON — Former Senate Majority Leader Harry Reid (D-Nev.) isn’t happy that some of his party’s presidential candidates are pushing for Medicare for All and decriminalizing border crossings, two hot-button issues in the Democratic primary. In a half-hour phone conversation with VICE News, Reid was blunt when asked if he thought supporting Medicare for All … Read more
A Chinese company has announced it is planning a mass sale of cloned cats to the general public. Sinogene, China’s first biotech company to create cloned pets, is planning to sell the cats for around £29,000. It is planning to target bereaved pet owners who have lost their feline. The announcement comes after a scientist … Read more
San Francisco homeless stats soar: city blames big business, residents blame officials Watch the latest video at foxnews.com In the summer of 2019, Fox News embarked on an ambitious project to chronicle the toll progressive policies have had on the homeless crisis in four West Coast cities: Seattle, San Francisco, Los Angeles and Portland, Ore. In … Read more
by Simon Black The year was 1967. Ronald Reagan had just become governor of California. Aretha Franklin was belting out R-E-S-P-E-C-T on the radio. Marxist revolutionary leader Che Guevara was captured and executed in Bolivia. And a restaurant chain called The White Spot opened its newest location in Denver, Colorado. It was a popular diner; the … Read more
by Lance Robert In last Tuesday’s “Technical Update,” I wrote that on a very short-term basis the market had reversed the previously overbought condition, to oversold. “This could very well provide a short-term ‘sellable bounce’ in the market back to the 50-dma. As shown in the chart below, any rally should be used to reduce portfolio risk in … Read more
Reluctant Preppers, Released on 8/19/19 The US Dollar is a dead duck, emerging economic superpowers don’t trust the US or each other, gold will play a major role going forward, and the financial collapse of 2007-2009 was the start of the REAL Great Depression, which is just getting started, according to Doug Casey. Best-selling author, … Read more
by Martin Armstrong COMMENT FROM UK: On the subject of Phillip Hammond and Brexit, this is just the latest in a long list of pro-elite politicians who are looking to protect their career interests by aligning with the globalist system. Blair made hundreds of millions, Brown and Darling bailed out the banks and then went to … Read more
by WARREN MOSLER Japan Exports Fall for 8th Month Exports from Japan dropped 1.6 percent from a year earlier to JPY 6.64 trillion in July 2019, the eighth straight month of decrease and compared to market expectations of 2.2 percent fall, amid weakening global demand and the US-China trade dispute. An Economic Warning Sign: RV … Read more
“If money is the root of all evil, then China’s manipulation of its currency, the yuan, is the tap root of everything wrong with the U.S.-China trade relationship.” — Peter Navarro, White House Trade Advisor While Peter Navarro (like most people) neglected to mention that the love of money — not money itself — … Read more
The volatility of the cryptocurrency market is legendary. In 2018, cryptocurrencies suffered a bear market that saw the price of Bitcoin crashing from around $19,000 to about $3,500 by the end of the year. The cryptocurrency market is off to an interesting start in 2019, Bitcoin gained about 173% in the first half of the … Read more
by Kimble Charting Is the Steel Industry suggesting that a recession is nearing? In my humble opinion, the jury is still out on this one. This chart from Marketsmith.com takes a look at the patterns of Steel ETF (SLX). SLX has spent the majority of the past 3-years inside of trading range (1). The persistent decline over the past … Read more
by Martin Armstrong Come September, Draghi at the ECB will make loans to Eurozone banks on a long-term basis at rates less than the short-term lending window. The objective is to encourage banks to lend money to businesses. Nobody thinks about letting businesses bypass the banks mainly because the banks are in such a vulnerable … Read more
via Monday Morning Macro “Impossible” Events Are On The Rise… A 4-sigma event would be expected to happen once or twice in a trading lifetime – according to the most popular VaR-based risk models. We’ve seen 10 of those this month in Treasuries. What we should have learned from the GFC has been all but forgotten. What … Read more
by howmuch We already know that professional sports is a major global industry, but not all sports franchises are equal. From the Dallas Cowboys to the New Orleans Saints, we put together a graphic to rank the top 50 most valuable sports teams around the world. Traditional sports have large, dedicated fanbases, but eSports are on … Read more
by David Haggith Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good. First, GDP growth in the first quarter was not “great” as I’ve heard some claiming. It was, by US historical standards, mediocre. Second, the biggest tax cuts in history only got us down to 2.9% GDP … Read more
WeWork’s corporate parent We Company revealed in documents for its upcoming initial public offering that the office-share company lost more than $1.3 billion from its operations in the first half of this year. The losses for each WeWork member — about $5,200 per customer — are about 28 times what Uber loses per active rider. … Read more