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by Martin Armstrong COMMENT: Regarding: California Economy Declining Significantly In the Netherlands (Europe) the same. Gas not allowed for new homes. Now new homes are more than €50000 more expensive (not the same climate as California). Existing homes will also be forced from gas to alternatives by 2030 which the government will try to enforce with … Read more
by John Ward Institutional selling, AI confusions, US Fed nerves, firing monetary blanks, Gold, banking crises and euro anarchy On the US Dow index over the last few months, major institutional investors have been selling at a rate barely seen 1929. They’re being advised by investment strategists to ditch quoted shares in favour of buying privateequity (PE). The general … Read more
by Lance Roberts Over the last couple of weeks, I have laid out the bull and bear case for the S&P 500 rising to 3300, and the case for the Fed to cut rates. In summary, the basic driver of the “bull market thesis” has essentially come down to Central Bank policy. This reliance on the Fed has led to a … Read more
By The Phoenix Yesterday I asked, just what exactly is terrifying the Fed? As a brief recap, there are three main issues grabbing their attention. 1) The collapse of German banking giant Deutsche Bank (DB). 2) China’s banking system entering a credit freeze. 3) The bursting of the Everything Bubble. Of the three, it is the … Read more
Democrats Are Losing The Immigration Debate As Trump Escalates Deportations. A Liberal think tank has warned that Democrats are losing the war on media messaging by appearing soft on enforcement. More importantly the Democrats seem to be at odds with their own party even 4 years ago under Obama. By undermining Obama’s positions Democrats not … Read more
dated from june A 3,300-foot- (1 km) wide asteroid struck our planet 1.2 billion years ago, according to new research published in the Journal of the Geological Society. In 2008, a team of researchers from the Universities of Oxford and Aberdeen found evidence for the ancient meteorite strike near Ullapool, Scotland. The thickness and extent … Read more
by chartr When Disney bought Marvel 10 years ago they acquired the rights to some of the most beloved superhero characters of all time. They also seemed to acquire a super power of their own: flawless execution at churning out blockbuster hits. Even after the modest successes of Iron Man and The Incredible Hulk, no-one … Read more
The latest budget deal not only provides an additional $320 bln in new spending, but come 2022 it completely tosses out the spending caps put in place in 2011. @CRFB My @Morning_Joe chart: pic.twitter.com/BGDVqr6IuS — Steve Rattner (@SteveRattner) July 23, 2019
via Kevin C. Smith, CFA: The market is being propped up by a narrowing group of leaders. Not a good omen. The deteriorating breadth is most evident in the NASDAQ Composite, home to the leading growth stocks of this cycle. With the overall index making new highs, the internals are abysmal.
via @TaviCosta: Germany has the most dovish rate policy in the world today. Only 4 economies have tight monetary policy. Currency war at its best. #gold Also: Are US yields too high relative to Bunds and global rates in general?
Biden has led consistently, but Obama is virtually invisible- because if he wasn’t he’d face pressure to endorse.
The market’s so-called depth has become so shallow that stocks are increasingly vulnerable to exacerbated moves, according to J.P. Morgan. Market depth here is measured by the volume of orders on both bid and ask side for the S&P 500 E-mini futures contract. “In our mind, this persistently low market depth leaves U.S. equities vulnerable … Read more
via valuewalk: bout 40 million Americans had a credit card declined in the past year, according to a new report from CompareCards.com, a LendingTree company that helps consumers improve their credit health. Having a credit card declined can be surprising, embarrassing and frustrating. It can be the result of a big mistake you made – like paying late or … Read more
The U.S. Army has been quietly conducting a new classified operation involving at least 10 UH-60 Black Hawks in and around Washington, D.C., for months. This mission came to light after the service asked Congress to shift $1.55 million in funds from one part of its budget to another in order to support the operations … Read more
Yikes.. WoW This is painful For some sad reason they have inserted clips of “Come on Man” Biden into this.. h/t Evangelina
via Yahoo: (Bloomberg) — The Trump administration is moving to end food stamp benefits for 3 million people with proposed new regulations curtailing the leeway of states to automatically enroll residents who receive welfare benefits. Agriculture Secretary Sonny Perdue said state governments “have misused this flexibility.” “We are changing the rules, preventing abuse of a … Read more
by Simon Black “Gentlemen… the National Debt… is paid.” That sentence has been uttered in Washington DC exactly one time ever, by a Senator announcing that the US government was officially debt free. That was on January 8, 1835 when the debt that the United States government had accrued since its birth was finally paid … Read more
by Money Metals It’s bad enough when bait-and-switch “rare” coin dealers stick it to naive customers. But when one of those shady peddlers got involved with politicians in the state of Ohio more than 15 years ago, it was a major statewide scandal. And the fallout continues today… Last week, state legislators in Ohio voted … Read more
by Martin Armstrong The French GAFA tax is an acronym for Google, Apple, Facebook and Amazon which the French government has just passed. They are imposing a 3% tax on all business in France. The US has promised retaliation. This is part of the entire problem the world faces with trade. A lot of people … Read more
