VENEZUELA blames BLACKOUT ON EMP ATTACK

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It was the first blackout to include the capital, Caracas, since March, when the government blamed the opposition and United States for a series of power outages that left millions of people without running water and telecommunications. The blackouts exacerbated an economic crisis that has halved the size of the economy. More than half of Venezuela’s 23 states lost power on … Read more

Guess What? BOEING’s 737 MAX 8 are still 100% grounded & may never fly again due to CRITICAL DESIGN FLAWS by IGNORAMUSES via H1-B VISA Program…

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I am going to re-iterate that the Max 8 may kill Boeing. If it does not kill Boeing, it is going to maim the company well into the future. Reason: Because it is a piece of crap put together by FOREIGN engineers who started life cooking with cow dung, got a less than stellar diploma, … Read more

USGS Data Analyst Reveals A “New Supervolcano” Is Forming Under Naval Air Weapons Station China Lake In California

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via cloverchronicle: A whistleblower who claims to work at the United States Geological Survey (USGS) headquarters in Reston, Virginia recently revealed a new supervolcano is forming under the Naval Air Weapons Station in China Lake, California. Here is their alarming message: I work at [the] USGS headquarters as one of the main data analysts. We have been coordinating … Read more

Is the U.S. Debt Bubble Going to Burst?

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by howmuch The U.S. economy may be in the middle of its largest expansion in history, but record levels of debt could signal trouble on the horizon. In February 2019, the U.S. national debt reached a record $22 trillion, and the annual deficit for this year alone is expected to be almost $1.1 trillion. At the consumer level, … Read more

Watch: ‘Youths’ harass New York police officers and dump water on their heads

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Outrage after NYPD officers are drenched with water while on duty A ‘Fox & Friends’ law enforcement panel reacts to the treatment of police officers in America. https://news.yahoo.com/outrage-nypd-officers-drenched-water-105716125.html Watch the latest video at foxnews.com https://video.foxnews.com/v/6063006091001/#sp=show-clips https://videos.dailymail.co.uk/video/mol/2019/07/22/8992776643746025411/640x360_MP4_8992776643746025411.mp4 AC

NYT: ONLY 35 ARRESTED IN ICE RAIDS

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via MSN: More than 2,000 migrants who were in the United States illegally were targeted in widely publicized raids that unfolded across the country last week. But figures the government provided to The New York Times on Monday show that just 35 people were detained in the operation. President Trump had touted the raids — … Read more

Europe Bans Natural Gas in New Homes

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by Martin Armstrong COMMENT: Regarding: California Economy Declining Significantly In the Netherlands (Europe) the same. Gas not allowed for new homes. Now new homes are more than €50000 more expensive (not the same climate as California). Existing homes will also be forced from gas to alternatives by 2030 which the government will try to enforce with … Read more

The seven signals that Wily Coyotes can’t see

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by John Ward Institutional selling, AI confusions, US Fed nerves, firing monetary blanks, Gold, banking crises and euro anarchy On the US Dow index over the last few months, major institutional investors have been selling at a rate barely seen 1929. They’re being advised by investment strategists to ditch quoted shares in favour of  buying privateequity (PE). The general … Read more

Why the Fed is Terrified of These Two Charts

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By The Phoenix Yesterday I asked, just what exactly is terrifying the Fed? As a brief recap, there are three main issues grabbing their attention. 1)   The collapse of German banking giant Deutsche Bank (DB). 2)   China’s banking system entering a credit freeze. 3)   The bursting of the Everything Bubble. Of the three, it is the … Read more

Democrats Are Losing The Immigration Debate As Trump Escalates Deportations

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Democrats Are Losing The Immigration Debate As Trump Escalates Deportations. A Liberal think tank has warned that Democrats are losing the war on media messaging by appearing soft on enforcement. More importantly the Democrats seem to be at odds with their own party even 4 years ago under Obama. By undermining Obama’s positions Democrats not … Read more

The Economics of Disney buying Marvel 10 years ago

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by chartr When Disney bought Marvel 10 years ago they acquired the rights to some of the most beloved superhero characters of all time. They also seemed to acquire a super power of their own: flawless execution at churning out blockbuster hits. Even after the modest successes of Iron Man and The Incredible Hulk, no-one … Read more

The market is being propped up by a narrowing group of leaders. Not a good omen. With the overall index making new highs, the internals are abysmal.

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via Kevin C. Smith, CFA: The market is being propped up by a narrowing group of leaders. Not a good omen. The deteriorating breadth is most evident in the NASDAQ Composite, home to the leading growth stocks of this cycle. With the overall index making new highs, the internals are abysmal.