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Authored by Lance Roberts via RealInvestmentAdvice.com, Last week, President Trump nominated Judy Shelton to a board seat on the Federal Reserve. Shelton has been garnering a lot of “buzz” because of her outspoken and alternative stances, including “zero interest rates” and a “gold standard” for the U.S. dollar. But, Shelton is full of inconsistent and incongruous views on monetary policy. For … Read more
Authored by Andrew Sheets, chief cross-asset strategist at Morgan Stanley Over recent weeks, you’ve heard us discussing why we think investors should fade the optimism from the recent G20. Why we think bad data should be feared rather than cheered because it will bring more central bank easing. Why we think the market is too optimistic on … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Oh, it’s here alright. With all this central-bank money printing and zero-interest-rate policies and negative-interest-rate policies, and central-bank liquidity injections, with all these loosey-goosey monetary policies around the globe, why are we not seeing huge bouts of inflation? (12 minutes)
by Charles Hugh-Smith The more extreme the speculative euphoria, the greater the risks of a reversal. One sentence sums up the speculative euphoria gripping markets: January and June of this year are the only months in the last 150 which have seen all assets post a positive total return. (Zero Hedge) When every asset from bat guano … Read more
by Michael Snyder For years, scientists have been warning us that the San Andreas fault is “locked and loaded” and could potentially “unzip all at once”. Of course the two large earthquakes that we just witnessed in southern California were not along the San Andreas fault, and we should be extremely thankful for that. Because they happened in … Read more
Greg Mannarino, founder of TradersChoice.net, says the only thing you can count on in this economy is more debt being created. Mannarino says, “World central banks’ power exists in one thing, and that is their ability to issue debt. The more debt they issue, the stronger they become. So, they are loving this.” Mannarino says … Read more
via upfina: The May monthly construction spending report was very bad as it was down 0.8% monthly and 2.3% yearly. The weakness is in residential construction, specifically, in single family residential construction. Residential construction spending fell 11.2% yearly. Single family spending fell 7.6% and multi-family spending was up 9.3%. Single family housing has become unaffordable which is … Read more
Authored by Lance Roberts via RealInvestmentAdvice.com, Quick Takes Market While the market rallied last week and continues to flirt with all-time highs, not surprisingly, volume was exceedingly light because of the July 4th holiday on Thursday. As Carl Swenlin noted: ” SPY has formed a bearish rising wedge, and the VIX penetrated the upper Bollinger … Read more
via valuewalk: Well-known surveys from firms like Bank of America Merrill Lynch suggest most investors don’t expect a recession until next year at least, but Stanley Druckenmiller warned in a recent interview that some less-obvious warning signs are starting to appear. He also noted that the Federal Reserve seems to be so focused on deflation, which he calls … Read more
Wall St. For Main St., Released on 7/5/19 Jason talks about according to official US government economic data how this is the longest economic expansion in US history breaking the past record of 120 months. Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company … Read more
by FS July 5, 2019 –Markets have been stuck in a narrow trading range for the last 18 months, reaching new highs only to retrench amid setbacks. Craig Johnson of Piper Jaffray spoke with Financial Sense to give his take on where markets are headed and why there is reason to be cautious. Year-end Targets Johnson set … Read more
Authored by Mike Shedlock via MishTalk, Tesco, one of the world’s largest supermarket operators, is testing cashierless stores solely dependent cameras… Frictionless Pick and Go Tesco, a UK firm doing business in 11 countries, is testing a cashierless store design that goes beyond Amazon’s Go. Tesco is not dependent on bar codes, RFID smart tags, or customer … Read more
by TFittonJW Here is our most recent Judicial Watch Update: Background: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-former-state-official-testifies-he-warned-state-department-officials-about-clinton-email-issues-concerned-about-interference-on-classified-clinton-benghazi-email-documents/
by Natura Naturans Just the headlines, go to the link for details: Let us count the ways… 1. The Fake News Media Is the Only Shrinking Institution in America’s Booming Economy 2. Democrats Lost “The Sane One” Joe Biden 3. Democrats Handed the 4th of July to Trump 4. Democrats Came Out Against the American … Read more
And 200 miracle orders — well, just a letter of intent — for the Boeing 737 MAX at the Paris Air Show. By MC01, a frequent commenter on WOLF STREET: Airlines and aircraft manufacturers usually announce large deals during the big air shows to add an air of glitz and glamour to their dealings. With the … Read more
by Harry Dent of Economy & Markets I sent a market update to Boom & Bust subscribers in our 5 Day Forecast last Monday. I explained that stocks saw their biggest correction since late 2011, which makes that a 4th wave correction leading into a 5th wave final blow-off rally… what I have been calling the Dark Window scenario. My target is around 10,000 on the leading … Read more
Instead of arresting a woman accused of shoplifting, these NYPD officers paid for her meal When New York City Police officers saw a woman accused of shoplifting at a Manhattan Whole Foods store on Thursday, they didn’t arrest her; instead, they paid for her meal. A store security guard asked three officers on a break … Read more
Democratic presidential candidates have “unworkable” and “unwise” immigration policies, according to Obama administration Homeland Security chief Jeh Johnson. “That is tantamount to declaring publicly that we have open borders,” Johnson told the Washington Post on Tuesday, referring to a push to decriminalize illegal immigration. “That is unworkable, unwise and does not have the support of a … Read more
via dailymail: To create cultured meat, researchers take small amounts of tissue from animal After isolating individual cells,they’re put in flasks and fed nutrients, oxygen When grown on plastic, cells will divide until they exist on all of available surface To get an organized structure like steak, you need vessels and connective tissue The meat … Read more
21ST CENTURY PROBLEMS: Algorithmic Governance and Political Legitimacy. In ever more areas of life, algorithms are coming to substitute for judgment exercised by identifiable human beings who can be held to account. The rationale offered is that automated decision-making will be more reliable. But a further attraction is that it serves to insulate various forms of … Read more