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Getting a loan is something nearly everyone will have to do at one time or another in their lives. People borrow money for a wide variety of different things. Some need it to purchase a home, some to cover unexpected expenses and some to get their education. In total, Americans have over $10 trillion worth … Read more
Sir Kim Darroch has resigned as UK ambassador to the US, amid a row over leaked emails critical of President Trump’s administration. The ambassador was branded “a very stupid guy” by the US president, after emails emerged calling his administration “clumsy and inept”. The Foreign Office praised Sir Kim’s “professionalism and class”. The ambassador said he wanted … Read more
by sundance Breakthrough – Things Making Sense Now… Lots of things going on in/around the two legal cases involving Michael Flynn today. The origination of the DOJ shift in position involves the indirect case (EDVA) where Flynn is/was a witness in the FARA (Foreign Agent Registration Act) case against Bijan Rafiekian and the Flynn Intel Group. … Read more
Watch the latest video at foxnews.com Dramatic video footage taken by a passenger on board a Baltimore-bound flight Monday showed a loose spinner rattling in one of the engines before the plane was forced into an emergency landing. Delta’s Flight 1425 – a 32-year-old MD-88 – left Hartsfield-Jackson International Baltimore-Washington International around 12:48 Monday. About … Read more
I think Barr is just trying to sell Mueller some more rope. h/t duFontaine.
via WSJ: The yield on short-term Treasurys has been higher than on long-term notes for more than 30 consecutive trading sessions, a sign that investors are concerned about the durability of the decadelong economic expansion. The yield on three-month bills has exceeded that of the benchmark 10-year Treasury note by as much as 0.259 percentage … Read more
by Troy Amidst the never-ending sea of things to worry about, more economic indicators are flashing warning signs. Meanwhile, breadth is weakening a little. Today’s headlines: NY Fed’s Recession Probability OECD’s Leading Indicator Dow Theory Sentiment divergence Breadth divergence Go here to understand our fundamentals-driven long term outlook. For reference, here’s the random probability of the U.S. stock … Read more
via redstate: In a press release Tuesday, Republican North Carolina Sen. Thom Tillis announced new legislation intended to give voice to victims of those in the country illegally who are harmed by sanctuary policies. Thom cited his home state — where, according to him, sanctuary politics have brought danger — as the bill’s inspiration. So what’s the move … Read more
by SP Dimitri Orlov writes about the stages of collapse using an example from Colorado. TUESDAY, JULY 09, 2019 The Five Stages of Collapse in Colorado It’s been a while since I ran a guest post, due to a lack of good candidates, but this article by user h_h from ZeroHedge caught my eye. It … Read more
by Michael Snyder Are we going to believe pilot logs and firsthand eyewitness testimony, or are we going to believe the desperate ramblings of a former president that would do anything to stay out of prison? After everything that he has gotten away with over the last several decades, Bill Clinton probably thought that he … Read more
Trump is pushing to lower drug prices and to remove Obamacare once and for all. Eric Swalwell drops out of the Presidential race.Wikipedia changes its pages after [JE] is arrested. KellyAnne Conway says the last time Trump spoke to [JE] was over 15 years ago. Pelosi goes after Acosta over [JE] deal. Pelosi does not … Read more
Q drop more bread, reviews many posts and lets the people know that the Patriots are in control. What we are witnessing has been planned out from the beginning and now the entire plan is coming together.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Amid rampant market expectations of another and even bigger and grander round of QE by the ECB, which would also be buying corporate bonds and old bicycles, the total amount of bonds with negative yields has risen to nearly $13 trillion, according to Bank of America Merrill Lynch. The perversion of … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Now there is this phenomenon: Orders for Class 8 trucks – the heavy trucks that move a big part of the goods across the US – have collapsed by about 70% in May and June compared to a year earlier, to just over 10,000 truck-orders per month, the lowest in years. But sales of Class 8 trucks … Read more
by Michael Snyder It won’t just be Jeffrey Epstein that will be on trial in the months ahead. As this scandal unfolds, the entire U.S. legal system will be on trial, and if justice does not prevail many Americans will lose faith in the system for good. And of course the rest of the world … Read more
via Zerohedge: China’s economic slowdown and heavy debt load is affecting everybody in the country – even it’s “jewelry queen”, Zhou Xiaoguang, according to the Wall Street Journal. Zhou, who went from selling trinkets on city streets to taking a seat in China’s parliament and becoming Ernst & Young‘s “Entrepreneur of the Year” was faced with the reality of being … Read more
via mishtalk: The New York Fed has the odds of a recession within the next year at 33%. Some of the other models are humorous. New York Fed Treasury Spread Model The New York Fed Recession Model is based on yield curve inversions between the 10-year Treasury Note and the 3-Month Treasury Bill. I added the highlights in … Read more
via CNBC: “What new, incremental information are we going to get to push the market higher? The answer is, not a lot,” says David Kostin, strategist at Goldman. Kostin is sticking with his price target of 3,000 for the S&P 500 by year-end. The index remains less than 1% below last week’s all-time record highs. … Read more
by confoundedinterest Yes, and the woman going for a night swim in the film “Jaws” felt perfectly safe too. Until the music started. SIFMA has an excellent chart documenting the explosion of debt issuance since 1998 that amped-up with The Fed’s intervention in 2008. Despite the massive growth of long-term debt (with correspond high duration risk), the … Read more
