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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Shadow banks provided 40% of new loans for vehicle purchases. Car sales in India, the fifth-largest auto market in the world, plunged 24% in June, compared to June last year, after they’d already plunged 26% in May, the Society of Indian Automobile Manufacturers reported. Year-over-year declines have been dragging on for … Read more
via @RaoulGMI: There is a lot going on in Europe that feels like it’s coming to a head soon… probably by the end of the summer. The EU economy is in mild recession… But it is unlikely to deteriorate further for a month or two until the CESI up-cycle finishes around the end of the summer … Read more
by Egon von Greyerz Lemmings have a herd mentality. But following the crowd, can have grave consequences like falling off a cliff and drowning in the ocean. Many investors have the same instinct. They follow the crowd and buy or sell when other people do. This probably won’t end in the same disaster as the … Read more
by visualcapitalist How much do the CEOs from some of the world’s most important companies get paid, and do these top CEOs deliver commensurate returns to shareholders? Today’s infographic comes to us from HowMuch.net and it visualizes data on S&P 500 companies to see if there is any relationship between CEO pay and stock performance. For Richer or … Read more
by enronCoin After the big dip in 2018, $EA has been a solid stock to long this year. It opened the year around $77 and touched $108. BUT $EA employees and investors got shitfaced on the 4th of July and anyone holding calls got cucked. I had a small position in puts that could have … Read more
via CNSNEWS: For the first time in our nation’s history, there is now a federal department spending an average of more than $100 billion per month. No, it is not the Department of Defense, which is charged with the core federal responsibility of defending us from foreign enemies. It is the Department of Health and … Read more
#BREAKING: Today five armed IRGC vessels in the Persian Gulf unsuccessfully attempted to seize a British oil tanker according to two US officials with direct knowledge of the incident-CNN via @HamdiAlkhshali — ELINT News (@ELINTNews) July 10, 2019 BREAKING: Five armed #Iran's Islamic Revolutionary Guard Corps [#IRGC] boats in the #Persian Gulf Wednesday unsuccessfully tried … Read more
From Birch Gold Group The Social Security payment retirees get every month has become an important part of retirement life. For some, this payment even pulls them out of poverty. But times have changed. Social Security is in danger, and if nothing is done, it faces a serious cut of 25% by 2034. What’s more alarming is … Read more
by WARREN MOSLER All seems to be rolling over: This source of growth may be decelerating as well?
Josh Sigurdson talks with author and economic analyst John Sneisen about the fall of the UK economy as the British Pound sees 2 year lows that if not for what we saw in early 2017, would be closer to 34 year lows. As the Bank of England desperately attempts to prop itself up as Brexit … Read more
https://www.youtube.com/watch?v=Ba8C70ilAjc A US federal judge has told the Justice Department it must stop alleging that a Russian firm accused of election interference was funded by the Kremlin – or face ‘a range of potential sanctions’. The rebuttal comes in response to unsubstantiated claims from the Attorney General, William Barr.
New Facebook Policy Bans Antifa But Also Allows People To Literally Break The Law. Facebook issues “clarifications” to its new content guidelines in which any group that has ever engaged in a wide range of activities can not only be banned but a special provision will allow people to directly target these people with law … Read more
via WSJ: “Football great Joe Montana is giving up his castle—a roughly 500-acre European-style estate in California wine country—for $28.9 million, or 41% less than he first sought a decade ago.”
In the Urupema municipality of Brazil, the temperature dropped to −9.2 ° C. The temperature record was fixed on July 7, the lowest temperature at that time in the entire history of meteorological observations. h/t GW
by Simon Black Imagine a place where you could spend all day sitting on a beautiful beach, sipping piña coladas, mingle with some of the most fascinating people you’ll ever meet, and not pay any taxes… It’s the classic dream of the offshore tax paradise. Unfortunately, that dream is largely dead due to Uncle Sam’s aggressive … Read more
Fox News contributor Trey Gowdy reacts to the upcoming report from Inspector General Michael Horowitz on FISA abuses. #FoxNews
Goldseek Radio, Released on 7/9/19 Click Here to Listen to the Interview http://radio.goldseek.com/nuggets/faber.07.09.19.mp3 According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches. A global / domestic economic maelstrom of epic proportions where paper assets denominated in the reserve currency lose up to … Read more
BY SVEN HENRICH It may be a good time to remind everyone of an old market adage: Nobody will ring a bell when market cycles end. There won’t be a grand announcement that a top is in. There won’t be a massive reversal that will make it clear to everyone that a major top is … Read more
