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Josh Sigurdson talks with author and economic analyst John Sneisen about the fall of the US dollar following the drop in interest rates by the Federal Reserve this past week. Following the announcement last month that the Fed would be making a decision on lowering interest rates, JP Morgan made a pretty substantial move, advising … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Order backlog still feeds truck makers, but they don’t disclose for how long. Orders for Class 8 trucks – the iconic trucks that haul part of the economy’s goods across the country – collapsed by 81% in July compared to July last year, to 9,800 units, the lowest since 2010, according … Read more
by Patrick V. from SBTV interviews Charles Hugh Smith SBTV spoke with Charles Hugh Smith, author and the editor of the Of Two Minds blog, about the startling parallels (e.g. debasing of currency, lack of strong leadership, move towards populism, etc.) between the decline of the Roman Empire and America. Discussed in this interview: 07:33 Central banks created financialization as … Read more
by Troy Last week we explained why the market’s short term outlook is bearish. The stock market is now making a pullback, and trade war news isn’t helping bulls. Over the past year, tariff-related news has not been good for stocks in the short term. Technicals (short term, next 1-3 months): mixed Technicals (medium term, … Read more
by Sayuyo On a day like today, you can expect 24/7 reporting from hundreds of outlets all over the world. Yet those same outlets would hesitate to even give a few minutes of coverage towards things that are far more likely to kill you. Ask yourself who benefits from this endless coverage. Ask yourself if … Read more
by Lance Roberts Market Review & Update I am on vacation this week, but there is so much going on I couldn’t miss penning a few quick views. I have also solicited some help from some friends. First, let’s review where we are from last week. “While the market is rallying in anticipation of more Central Bank … Read more
via chicagotribune: Over the past two years, the movement to divide the state of Illinois into two states — Cook County in one, the other 101 counties in the other — has been gaining support. In February, as Gov. J.B. Pritzker was pursuing an agenda for Illinois that included new tax and abortion policies, Halbrook refiled … Read more
Pakistan Armed Forces have initiated limited mobilisation and alert levels for the Pakistan Air Force and Pakistan Army, following meeting of JCSC yesterday. Indian Army and Air Force have followed suit.#PakArmy #Kashmir #Article35A #India #IAF #PAF — usama saif (@usamasaif871) August 4, 2019 NEW: Clashes between Pakistan and Indian armies now ongoing at Nakyal sector, Kotli district on Pakistan side … Read more
Watch the latest video at foxnews.com “Coming across as unserious people who are going to take away all your money so migrants from Honduras can go to college for free and get a major in ‘America sucks.’” https://www.foxnews.com/entertainment/maher-all-the-2020-dems-have-to-do-is-come-off-less-crazy-than-trump-theyre-blowing-it He’s not wrong. h/t GR
by Dr. Eowyn Washoe County in the state of Nevada provides “sanctuary” to illegal aliens. Citing a Las Vegas Review-Journal article that requires a subscription to read, John Binder reports for Breitbart that a sizeable number of inmates in Nevada’s prison population — as many as 1-in-14 inmates — are illegal aliens: The illegal-alien inmates number about 1,000. About 200 of those … Read more
by Caitlin Johnstone The Washington Post, which is wholly owned by a CIA contractor who is reportedly working to control the underlying infrastructure of the global economy, has published a shockingly deceitful smear piece about Democratic presidential candidate Tulsi Gabbard in the wake of her criticisms of her opponent Kamala Harris’ prosecutorial record during the last Democratic debate. The article’s author, … Read more
by Wayne Allyn Root Inner city Baltimore is a third world hellhole in the middle of America. It looks like a foreign war zone. It looks like bombed-out Baghdad. In interview after interview, the poor black citizens of Baltimore tell the story. Trump is right. Trump has stirred up a hornet’s nest by telling the truth. … Read more
via marketwatch: Something important happened in the U.S. stock market this week, and whether you’re bullish or bearish, I suggest you watch closely. Full disclosure: We’ve been approaching July from the sell side, and I’ve been transparent about this. In late June, we identified the sell zone; I reiterated it on CNBC July 5, talking about the … Read more
via mishtalk: A global manufacturing recession is now a certainty. Trump just made matters worse with a new 10% tariff hike on China. The Markit Global Manufacturing PMI is in the third month of contraction. The downturn in the global manufacturing sector extended into its third consecutive month in July. Production and new order intakes declined further, as … Read more
by Serkok Here we go again – it’s Saturday, day of protest for many. Gilets Jaunes are in streets for 38th Saturday in row. There is also #JusticePourSteve protest today – more info at https://www.amnesty.fr/liberte-d-expression/actualites/justicepoursteve-ce-quil-faut-savoir (in French, use translator) Also protesters demonstrate in Hong Kong’s Mong Kok district against a proposed extradition bill and Chief … Read more
by sundance During the congressional testimony of Robert Mueller, Representative Andy Biggs noted evidence of a phone call between Mueller and Rod Rosenstein on Wednesday May 10th, 2017, at 7:45am. Listen carefully at the 2:26 point of the video. . ♦James Comey was fired at approximately 5:00pm EST on Tuesday May 9th, 2017. That means Rosenstein first contacted Mueller about the special … Read more
NO this is not bad management, bad products, bad locations. It’s various sectors, various countries. One underlying problem: Global economic slowdown. For those who are paying attention, it’s very clear. The global economy is rapidly slowing down and the companies are laying people off. The difference between last cycle and this cycle is that robotics … Read more
Hong Kong protesters and police face off in familiar cycle HONG KONG (AP) — On one end of a Hong Kong street, protesters dressed in black ducked behind umbrellas and makeshift barricades, occasionally throwing bricks or slinging rocks. On the other end, police decked out in riot gear shouted warnings and fired tear gas. As … Read more
