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BY JOHN RUBINO In his latest report, commodities analyst Marin Katusa lays out the case for a sea change in gold’s relationship to the overall market. Here’s hoping he’s right: Gold Just Had Its Biggest One Day Influx EVER On Friday June 21st, the largest gold focused Exchange Traded Fund (GLD) saw over $1.5 billion flood into the … Read more
Via Global Macro Monitor, Technically, no. Spiritually? Not sure, but definitely, there’s is something happening here. What it is ain’t exactly clear. S&P Flat For Past 17 Months Even with all the Sturm und Drang since the massive volatility shock of January 2018— which includes a technical bear market > 20 percent sell-off from September 21st to December 26th and … Read more
via Zerohedge: On the heels of dismal weakness in all regional Fed outlook surveys, Chicago PMI just collapsed from 54.2 to 49.7 (drastically missing the 53.5 expectation) and back into contraction for the first time since Dec 2015. This was well below the lowest estimate of 51.0 from 25 economist surveyed. Business barometer fell … Read more
by howmuch In 2019, the U.S. national debt reached a new milestone of $22 trillion. Taking on debt enables the government to increase its spending on various domestic programs or make up shortfalls from tax revenue. One of the main ways the U.S. government borrows money is by issuing treasury securities, which represent an “IOU” from the … Read more
by confoundedinterest Alarm! The US Treasury yield curve, the on-off the run curve, dollar swaps curve, and the overnight indexed swaps curve are ALL downward sloping at the short-end signaling turbulence. The US Treasury term premium remains negative. Term premium is the excess yield that investors require to commit to holding a long-term bond instead of a … Read more
by TFittonJW Massive Update: No one is doing more heavy lifting: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-new-strzok-page-emails-reveal-fbi-efforts-to-muddle-comey-testimony-on-clinton-emails-fbi-media-collusion/ https://www.judicialwatch.org/press-room/press-releases/california-begins-massive-voter-roll-clean-up-notifies-up-to-1-5-million-inactive-voters-as-part-of-judicial-watch-lawsuit-settlement/ https://www.judicialwatch.org/press-room/press-releases/judicial-watch-releases-testimony-of-clinton-email-administrator-clinton-lawyer-cheryl-mills-communicated-with-him-a-week-prior-to-testimony/ https://www.judicialwatch.org/press-room/press-releases/judicial-watch-statement-on-supreme-court-ruling-world-war-i-veterans-memorial-cross-will-remain-standing/
by TFittonJW Heavy lifting gets huge results. Relentless: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-justice-department-granted-immunity-to-hillary-clintons-lawyer-who-destroyed-33000-emails/ Heather Samuelson also testifies under oath in Judicial Watch court-ordered deposition that, contrary to what she told the FBI, she was in fact aware that Clinton used private email account as secretary of state
by Dennis Miller There is a three-headed investment bandit lurking in the weeds looking to steal your wealth. Savvy investors must deal with them – all at the same time. First up is the safety bandit. If you invest in stocks and bonds, they can default or go down in value, robbing wealth from your nest … Read more
via YAHOO: Sen. Bernie Sanders, challenged at Thursday night’s Democratic presidential debate on how he would pay for universal health care and his other proposed programs, admitted income taxes on the middle class would have to go up — but maintained that the savings in medical expenses would more than offset the tax hike. Sanders, … Read more
In a breakthrough that could save thousands of lives, scientists have found a way to convert all blood types to the universal type that is safe for all patients to receive, by using microbes found in the human gut. Researchers from the University of British Columbia have figured out how to convert blood types A, … Read more
by WARREN MOSLER Bad: Highlights In the first sub-50 reading in 2-1/2 years, the Chicago PMI fell more than 4 points in June to miss Econoday’s low-end expectations. Deterioration in June was wide with only employment showing improvement. But further gains for employment in this sample are in question given contraction in new orders and … Read more
https://www.youtube.com/watch?v=cX7hni-zGD8&feature=youtu.be&t=10576 Bernie Sanders’ closing statement in tonight’s debate. Touches on issues that many of us rail against on a consistent basis. h/t The_In-Betweener
NASA has revealed plans to return to Saturn’s largest moon, Titan, with the nuclear-powered quadcopter drone-lander Dragonfly. The craft could begin its billion-kilometer journey to search for life as soon as 2034. Dragonfly is the latest venture from NASA’s competitive New Frontiers Program which explores how chemistry gave birth to biology across the universe. The … Read more
Non-profits are allowed to obfuscate their donor list. Aren’t Americans entitled to know who is buying the censorship that they must suffer? Per wikipedia: 501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, for testing for public safety, to foster national or international amateur sports … Read more
via Twitter: I hope the Antitrust Division will look into this concerted action against competitors. I’ve raised the issue before. Related: Remember, it was these American companies that helped China set up its infrastructure of tech dictatorship.
The first picture was a show of hands of how many candidates would give up their own private healthcare policies for government run Medicare for all (2 hands), the last picture how many would give Medicare to all to illegal aliens. When the question was asked how many candidates would give up their own private … Read more
The public’s fury at being told what to do and think has exploded with the Folau fiasco. Maybe Rugby Australia did have the right to sack Folau as a matter of contract law (or maybe not, but that’s for the courts to decide). The likes of Qantas and ANZ can direct sponsorship money wherever they … Read more
Draghi’s comments had two immediate effects: the euro dropped like a stone against the dollar and Trump got extremely upset. The weaker euro, Trump said, would make it “unfairly easier” for the Europeans to compete against the US: “They have been getting away with this for years, along with China and others.” If one currency … Read more
The Supreme Court ruled that the 2020 census cannot include a simple question that asks if you are an American citizen. Chief Justice John Roberts was the tie breaker that voted in favor of banning the question. Roberts is the Judge who gave America Obamacare, and he is now giving non-citizens cover to deliver populations … Read more
