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The US economy appears poised to enter a recession within the next two years, a new survey out Monday found. More than 70% of economists surveyed by the National Association for Business Economics said they think a recession will occur before the end of 2021. Stocks dropped sharply last week after a key recession signal flashed for … Read more
when you hear 100bps rate cuts, quantitative easing, and emergency payroll tax cuts from the trump admin in just one day – you know they got a hold of some bad data that shows cycle is turning. — Alastair (@StockBoardAsset) August 20, 2019 If you look deep enough, the equity market is sending the same … Read more
via Zerohedge: Beijing will take “countermeasures” and impose serious “consequences” on Washington for its fast-moving deal to sell 66 F-16 fighter jets to Taiwan after President Trump approved the $8 billion deal this weekend. “The US has to bear all the consequences triggered by the sale,” Chinese foreign ministry spokesman Geng Shuang said on Monday. “China will take … Read more
Authored by Sven Henrich via NorthmanTrader.com, The Fed has a math problem and so do markets. Everyone from the president on down is demanding rate cuts, lots of them. “Mid-cycle” adjustment Fed Chair Jay Powell called the July rate cut and it’s bought the Fed precious little as markets sold off in the wake off more trade … Read more
by sundance Fresh from the same Dept. of Energy and EPA that gave us: toilets that don’t flush; light bulbs that don’t light; dishwashers that don’t wash; plant-based fuel that burns like carrots; and paper straws that dissolve in liquid…. Now we get this: […] Energy Star, the federal program from the DOE and the Environmental Protection Agency, said the … Read more
HSBC’s pleas of innocence have won little sympathy in Beijing. By Nick Corbishley, for WOLF STREET: Global banking behemoth HSBC has found itself on the back foot in recent months in its most important market, Hong Kong and China. The unexpected departure of three senior executives within a week, including its CEO and the head of key … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The segments at the core of the Brick-and-Mortar Meltdown. Ecommerce sales in the second quarter 2019 soared 13.3% from a year ago to a new record of $146 billion (seasonally adjusted), the Commerce Department reported today. In 2018, ecommerce sales reached $522 billion, according to revised data released today; at this rate of … Read more
Debt can be seen as a promised payment in the future for purchases enjoyed today. With the advent of credit cards and the entire industry, it has become normal to owe a little bit of money to financial institutions like banks and lenders. You do need to pay some form of debt to establish your … Read more
Thanks to the advent of the internet, business opportunities have increased exponentially and so many business ideas can be little to no investment, it’s almost ridiculous. Online businesses have been popping up left and right over the past decade and it’s what made Jeff Bezos the richest man in the US. For some of the … Read more
by Michael Snyder The numbers are telling us that we have never been closer to the next recession than we are right now. The storm clouds that were gathering on the horizon are now directly above us, and suddenly the mainstream media is filled with storiesabout when the next recession will begin and the effect that … Read more
Millions of taxpayer dollars are spent on homeless encampment cleanups. Is it worth it? Joel Grover reports for the NBC4 News https://www.nbclosangeles.com/investigations/
https://www.scribd.com/document/420379775/FBI-Conspiracy-Theory-Redacted Here is an excerpt from page one to highlight my points: “The FBI assesses anti-government, identity-based, and fringe political conspiracy theories very likely motivate some domestic extremists, wholly or in part, to commit criminal and sometimes violent action… One key assumption driving these assessments is that certain conspiracy theory narratives tacitly support or legitimize … Read more
by srsroccoreport If we look at certain indicators in the silver market, the price is setting up for a big move. It seems as if mainstream investors are now becoming more worried about the stock and bond markets. With almost $17 trillion in negative-yielding debt in the world, the notion that gold or silver doesn’t earn … Read more
Democrat’s literally turn cities into $H!T Holes. “California’s two-largest cities -San Francisco and Los Angeles- are currently experiencing a “Defecation Crisis,” with both regions struggling to crack-down on rampant homelessness and public drug use. “The majority of the nation’s homeless people now live in California. There are myriad causes at work, no doubt. But there … Read more
Vice President Mike Pence addressed the Detroit Economic Club Monday at the Motor City Casino, just a few weeks after the Democratic presidential hopefuls descended on Detroit for their second televised debate. Pence stood strongly behind President Trump and his policies, touching on the ongoing trade war with China as well as the upcoming election. He reminded the crowd of what … Read more
