Via Cnet I can’t stay off my phone. And I’m afraid it’s hurting my 2-year-old son. Sometimes it’s a breaking news story that draws me in, other times it’s boredom. Whatever it is, this device in my hands — which gives me access to nearly all human knowledge plus all the cat videos I could ever … Read more
Via ZeroHedge Associate Supreme Court Justice Elena Kagan said that the highest court in the land risks losing legitimacy without a centrist swing-vote, reports Bloomberg. In Friday comments made just hours after the US Senate cleared the way for USSC nominee Brett Kavanaugh’s confirmation, Kagan said that the court benefitted from having centrist Justices Sandra Day … Read more
by Lance Roberts I always enjoy reading John Stepek’s work at MoneyWeek. Just recently he addressed the question of where are we in the current market cycle. To wit: “In his latest memo to clients, [Howard Marks] outlines his basic philosophy and how it affects Oaktree’s investment process at the moment. Marks’ basic point – which appears … Read more
by Dr. Eowyn In April, construction began on a 20-mile stretch of replacement wall on the Mexico border in Santa Teresa, New Mexico. Here is a drone’s view of the wall being built. In September, construction began in Texas of 4 miles of replacement wall between El Paso, Texas, and Ciudad Juarez, Mexico. (See “The … Read more
by Charles Hugh Smith via Of Two Minds In the present era of decadence, Universal Basic Income (UBI) is the modern equivalent of Bread and Circuses. The dynamics of decadence are easy to understand: as affluence becomes the norm that is widely assumed to be permanent, shared purpose and sacrifice for the common good is replaced by self-absorbed decadence and … Read more
by Martin Armstrong QUESTION: Hi Marty, Can you help us better understand the dynamics of the sovereign debt crisis as it relates to US Treasuries? I know we are in a global debt crisis, which will also impact US Treasuries but it seems like short treasuries is the current consensus (I believe they are … Read more
MADRID (AP) — Thousands of Spaniards attended a rally Sunday of the fledging far-right VOX party as it tries to grab a foothold in Spain’s political spectrum. Javier Ortega, the party’s general secretary, told the crowd at Madrid’s Vistalegre sports hall that VOX has “one clear objective: Spaniards first.” Ortega also railed against abortion and what … Read more
by Martin Armstrong QUESTION: Do you concur with the IMF WARNING? RKC ANSWER: The IMF said: “No financial regulatory framework can or should aim to reduce the probability of crisis to zero, so regulators should remain humble.” What the IMF is warning about is the risk of interest rates rising and countries who have borrowed in dollars are … Read more
Just a day after Justice Brett Kavanaugh was sworn in as a member of the US Supreme Court, there has been speculation that his first vote could revolve around a Trump administration request to add a citizenship question to the 2020 census. According to Politico, Kavanaugh’s first vote could come as soon as Tuesday or … Read more
by Shaun Richards The last week or so has brought a theme of this blog back to life and reminds me of the many years I spent working in bond markets. They have spent much of the credit crunch era being an economic version of the dog that did not bark. Much of that has … Read more
This video MUST get out to everyone! We need to understand this and demand a stop to it! Michigan Senator Mike Colbeck Speaks the Truth of the Dangers of the 5G Being Deployed Without Regard to Health Issues, All Over America. h/t Wildthing3
Mike Pompeo, US Secretary of State, said on Monday North Korean leader Kim Jong-un was ready to allow international inspectors into the North’s nuclear and missile testing sites, one of the main sticking points over an earlier denuclearisation pledge. Mr Pompeo, who met Mr Kim during a short trip to Pyongyang on Sunday, said the … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about Wells Fargo’s latest move to once again issue mortgage backed securities despite the vast trouble they landed themselves in in 2007. This is Wells Fargo’s first post-crisis mortgage bond tied to U.S. home loans without government backing. The non-agency bond will be $441 million … Read more
Do you think that millennials will get out of debt and this trend will reverse? Or is this an impending crisis? With already high levels of debt, how will they be able to afford buying a home? Debt puts a stranglehold around the borrower. Millennials are in a state of unbelievable and unpayable debt at … Read more
https://www.youtube.com/watch?v=StVmH41Y4nU Nick Givas for the Daily Caller reports, Fox News host Tucker Carlson accused Democrats of forcing their radical views on the American people and said they’ve created a “theocracy run by atheists.” Read More/Source/Credit/FairUse: https://dailycaller.com/2018/10/03/tu…
https://www.youtube.com/watch?v=Fvt_1RGHkPA Chris Agee for the Western Journal reports, Federal investigators in Utah say a Logan man has admitted to authorities that he sent letters containing a toxic substance to individuals at the Pentagon and to President Donald Trump at the White House. Read More/Source/Credit/FairUse: https://www.westernjournal.com/utah-m…
Do you think the BAILOUTS will ever stop? Greece is at it again. They just got off their own bailout from the Troika and now they are considering bailing out their banks. How is it possible that their banking system is remotely stable? The failure of our current economic model is ever present. Greece is … Read more
by FogDucker CPI in January 1970 was 37.9; January 1980 was 78. So the price level essentially doubled. (78/37.9).1 = 1.074 so inflation averaged about 7.4% a year throughout the 70s. The worst years were 1974 (~12%) and 1979 (~13%). Compared to those two, other years were relatively tame. Stocks did shitty in 1974 but awesome in … Read more
by QuantalyticsResearch US Stocks Global stocks are declining this morning as investors continue to digest the impact of higher interest rates on stocks US stocks index futures are pointing to a drop in US stocks on the open in NY with the Dow Jones minis -0.35%, S&P500 minis -0.26% and Nasdaq 100 minis –0.37% US Secretary … Read more
by Kimble Charting We did an earlier chart reflecting that home builders are diverging similar to 2007. Housing is a critical component to the economy and stock market, as we found out a decade ago. And unfortunately, current housing market concerns don’t end there. There are several housing and real estate related indexes and ETFs that are flashing caution … Read more
by Michael Snyder Now that Brett Kavanaugh has officially been confirmed, it is a good time to reflect upon where we are at as a nation. And where we are at is a nation that is rapidly moving toward a state of civil war. At one time we were a nation that was united by shared … Read more
by Michael Snyder Is Ron Paul about to be proven right once again? For a very long time, Ron Paul has been one of my political heroes. His willingness to stand up for true constitutional values and to keep saying “no” to the Washington establishment over and over again won the hearts of millions of American … Read more
by DCG The Women’s March message to Sen. Collins… These people are vile. Some of the comments unhinged demorats left for Sen. Collins on Twitteryesterday (NSFW language): “Please, stop talking. Your voice yields no reason. Your sentiments and words are as empty as Trump’s head, and as cold as his heart. You’re no friend to American … Read more
A Bulgarian journalist who reported on an investigation into alleged corruption involving European Union funds has been murdered in the Danube town of Ruse, authorities said on Sunday. Prosecutors in the Balkan country said that the body of 30-year-old Viktoria Marinova was found in a park in Ruse on Saturday. They identified her only by … Read more
The US will reportedly provide Israel with more F-35s after Russia supplied Syria with S-300 missile systems. Moscow’s move came in response to the downing of a Russian military plane, which it partly blamed on Israel. US President Donald Trump decided to lend a hand to America’s most devoted ally following consultations at the “highest … Read more