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Josh Sigurdson interviews Stephen Moore on World Alternative News Josh Sigurdson talks with former head contender for the Federal Reserve Stephen Moore as many questions the current state of the economy and whether we are heading into a recession. Stephen Moore has been considered the top critic of the Federal Reserve and President Trump listens to his advice. Meanwhile, … Read more
From Birch Gold Group It seems like the market is responding urgently to what the Fed has been saying about rate cuts, as the market has been on a rather unusually long bull run. Earlier today the DOW was at an all-time high despite losing 136 points on confirmation that some FAANG companies are to be investigated (see chart): The S&P 500 is also … Read more
Ranking member of the House Intelligence Committee Devin Nunes makes opening statement before former special counsel Robert Mueller’s testimony. Nunes called the hearing the ‘last-gasp of the Russia collusion conspiracy theory.’ #FoxNews
via engadget: Windows Central Today, Microsoft leaked what could be a new Windows Start menu. The company accidentally shared a Windows 10 internal build (18947) with its Insider Program, Windows Central reports. The most striking change is a completely redesigned Start menu that swaps live tiles for a grid of app icons. The redesigned Start menu also has a search … Read more
via usatoday: DUNEDIN, Fla. – Kristi Allen read the letter and thought it had to be a scam. It said she owed $92,600 in fines for overgrown vegetation and a stagnant swimming pool at a house she no longer owned. She must pay in two weeks, the letter said, and it hinted that she could be sued if she didn’t. Including … Read more
by Martin Armstrong QUESTION: Do you think Jeffrey Epstein will ever go to trial? SF ANSWER: NO WAY!!!!!! First of all, if the court were fair, he should be on bail where he offered to pay for 24 hrs guards, wear a bracelet, and surrender his passport. There was no way he could have fled and this would … Read more
By Robert Ross Looks like an interest rate cut could come as early as next week. Federal Reserve Chair Jerome Powell hinted at lower rates earlier this month. Now investors are pricing in a 100% probability that the Fed will lower interest rates when it meets next week, according to global brokerage company CME Group. … Read more
By John Mauldin The inverted yield curve is one of the more reliable recession indicators. I discussed it at length last December. At that point, we had not yet seen a full inversion. Now we have, and it appears the curve was “inverted” back then, and we just didn’t know it. The Powell Fed spent 2018 … Read more
By John Mauldin I’m often asked if recession is coming. For quite some time now, my answer has been: “Yes, but not just yet.” That’s still what I think today, but more of the early warning signals I have used in the past are beginning to flash again. I see some leading indicators weakening. I see smart … Read more
by carnageta The stretch from 2000-2010 is one of the worst in stock market history. Even so, the returns you would have garnered up to this date are nothing to be ashamed of. Lets assume you started your investment journey on January 1st, 2000, and made a lump sum of 12,0000 into the s&p500 for … Read more
Bank of England Governor Mark Carney says investment funds that promise to allow customers to withdraw their money on a daily basis are “built on a lie.” The chief investment officer of Europe’s biggest independent asset manager agrees with him. “There is no point denying we are faced with a looming liquidity mismatch problem,” says Pascal Blanque, who oversees … Read more
https://www.goshennews.com/news/local_news/payroll-company-ceo-accused-of-fraud-in-bank-overdrafts/article_2cf39149-7cd8-5e37-b31d-8141dce47233.html Here’s the article. This came shortly after an incident involving my employer. All our paychecks were deposited but then immediately taken back out. Took a few days to finally get our checks. Now they’re being accused of fraud by doing some shady wire transfers. Not sure if this is appropriate for this sub. Just … Read more
by FireOfDragons This is a post about how even a little bit of attention can go a long way for you, and others. I work for a company with ~600 employees across North America. Since finding the personal finance communities two years ago, my family has been keeping an eye on our budgeting and saving, … Read more
by tomatuvm It’s easy to get into the budgeting via monthly budget way. But you gotta remember what happens if it all goes away. For example, let’s say your loan payment is $1000/mo. And you get a job taking home $5000/mo. It’s easy to say “oh, I can afford a $500/mo car, a $2000/mo apartment, $1000 … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, financial engineering stocks: anything but reality. You see, Tesla is different. It just reported another doozie, a loss of $408 million in the second quarter, after its $702 million loss in the first quarter, for a total loss in the first half … Read more
by Michael Snyder Crops all over America are failing, and the true extent of this crisis is starting to become clearer. Months of endless rain and nightmarish flooding prevented many farmers in the middle of the country from getting their crops planted on time, and millions of acres didn’t get planted at all. And if … Read more
by JealousEntrepreneur Not the US, but this is a worsening sign for a global economic slowdown as the 3rd biggest exporter in the world is on the brink of a recession. Source: https://www.bloomberg.com/news/articles/2019-07-25/german-business-confidence-deteriorates-as-factory-slump-deepens Ifo expectations index plunges to 92.2, lowest since 2009. German companies’ business outlook tumbled to the lowest in a decade, adding … Read more
by EsteevTrabajos1 Tip of the hat to all those who reached out with kind words for the DD. It truly makes me day to see the effort is not in vain – this is my way to give back for all the trading advise I’ve gotten throughout the years, and I truly believe good karma … Read more
Japanese car giant Nissan has said it will cut 12,500 jobs around the world, more than double the amount previously announced. It will reduce its production capacity and the number of models it produces by 10% by the end of 2022, but it did not say where the cuts will fall. It comes as the … Read more
