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via thedailybeast: A shady firm with deep ties to Bill and Hil made lifelong cop Bill Bratton an offer so good, he left the leadership of the country’s largest police force. What’s next? New York City Police Commissioner Bill Bratton got results as the city’s top cop, driving down crime under two mayors. But Bratton, who announced his … Read more
The Chinese are devaluing their currency to combat the tariffs that Trump placed on them. Trump calls out the Fed and says we need to do more, we need more rate cuts. Trump is now pushing the [CB] economy to the extreme, the question is why, a crisis will allow Trump to usher in a … Read more
MONTEVIDEO, Aug 5 (Reuters) – Uruguay on Monday issued a warning to its citizens traveling to the United States after two mass shootings over the weekend that killed 31 people in Texas and Ohio. In a press release, the Foreign Ministry advised avoiding cities such as Detroit, Baltimore and Albuquerque, which it said are among … Read more
by Daisy Luther One of the most common reasons that people give for not prepping is the cost involved. People seem to have this mental image of a bedroom or basement dedicated to being filled to the rafters with cans of Chef-Boy-Ardee. They imagine someone going out and spending $5000 at a time for a … Read more
by Frank Holmes, CEO, U.S. Global Investors On behalf of everyone at U.S. Global Investors, I want to extend my most heartfelt condolences to the victims and their families of the two mass shootings over the weekend in El Paso, Texas and Dayton, Ohio. I pray for healing throughout this great country as well as … Read more
by Raúl Ilargi Meijer Odilon Redon Peyrelebade landscape 1880 It’s never easy to gauge what exactly is happening in China, or why the CCP Politburo takes the decisions it does. Today, or overnight, is no exception to that. However, one thing that appears certain, but which I don’t see reflected in all the analyses, is that Beijing … Read more
via antiwar: America, John Quincy Adams said in 1821, “goes not abroad, in search of monsters to destroy. She is the well-wisher to the freedom and independence of all. She is the champion and vindicator only of her own.” That’s as good a summary ever spoken of the non-interventionist position. US Senator Lindsey Graham (R-SC) disagrees. He … Read more
by Michael Snyder When will Americans start to wake up and realize what is happening? At the end of last week, President Trump announced that the U.S. would be imposing a 10 percent tariff on 300 billion dollars worth of Chinese imports, and that marked a dramatic escalation in our trade war with China. This … Read more
by Michael Snyder Our trade war with China has begun to spiral out of control, and as a result global financial markets have been thrown into a state of turmoil. On Monday, the Dow Jones Industrial Average fell 767 points, and that represented the sixth-largest single day stock market decline in all of U.S. history. … Read more
by Charles Hugh-Smith There are no guarantees, no matter how monumental the hubris and confidence. The American lifestyle and economy depend on a vast number of implicit guarantees— systemic forms of entitlement that we implicitly feel are our birthright. Chief among these implicit entitlements is the Federal Reserve can always “save the day”: the Fed has the tools … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The deepest plunge since the Financial Crisis, but more persistent. Global chip sales plunged 16.8% in June from June last year, to $32.7 billion, on a three-month moving average basis, and are down 22% from the peak in October 2018, according to the World Semiconductor Trade Statistics today. As deepest and most relentless … Read more
by mark000 FOMC in September not dovish ATH in first week of October Powell says many more rate hikes to come at some interview, market wants no more hikes 6 sessions after ATH we were -6%ATH 9 weeks later (December 13) we were still only -8%ATH after lots of funtimes on the stock market … Read more
Jeff Bezos sold an additional $1 billion worth of Amazon.com Inc. shares last week, shortly after cashing in $1.8 billion, stock exchange filings show. He disposed of 532,120 shares on Thursday and Friday after selling nearly a million shares earlier in the week. Read more: Bezos Sells $2 Billion of Amazon Stock After 4% Stake … Read more
The wealthiest 500 people on Earth lost 2.1% of their collective net worth on Monday as U.S. stocks plunged in their biggest drop this year. Twenty-one members of the Bloomberg Billionaires Indexlost $1 billion or more as investors reacted to stepped-up tensions between the U.S. and China. Amazon.com Inc. founder Jeff Bezos declined the most, shedding $3.4 billion … Read more
1998 first had a plunge – minor countertrend through first half of aug – then plunge into sept pic.twitter.com/2K34LNKWSu — Alastair (@StockBoardAsset) August 6, 2019 trump needs a trade deal or everything falls apart pic.twitter.com/G2XaRfFCxZ — Alastair (@StockBoardAsset) August 6, 2019 Scotiabank: Dollar/Yuan Breaching 7 Amid Escalated Trade Tensions pic.twitter.com/ahKOiJAx0H — Alastair (@StockBoardAsset) August 6, … Read more
via Zerohedge: Passengers on Hong-Kong-based Cathay Pacific have been warned that their movements and preferences will be recorded by the airline via seatback in-flight entertainment screens equipped with cameras, according to News.com.au. Seatback entertainment system camera (via news.com.au) What’s more, the airline says the data will be stored indefinitely, or “as long as necessary.” Their new policy … Read more
by Jeff Clark, Senior Analyst, GoldSilver Many readers liked the tables we presented of possible gold/S&P 500 ratios and what that would mean to prices of each asset. If you didn’t catch it, check out what the future could look like for gold vs. the stock market. Given the current action in stocks and precious metals, … Read more
Sounds like an act of war: http://archive.is/4Wmta
via @crossbordercap:
