Puerto Rico gov resigns after weeks of protests over obscene chats.. ‘Rickyleaks’

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Embattled Puerto Rico Gov. Ricardo Rosselló resigns amid public outcry SAN JUAN, Puerto Rico — Puerto Rico Gov. Ricardo Rosselló announced his resignation Wednesday days after demonstrators at the island’s largest protest in recent history called for his ouster over a scandal involving leaked private chats as well as corruption investigations and arrests. His resignation, effective Aug. 2, came late Wednesday night … Read more

An “Earnings Recession” Is Here – Big Companies All Over America Are Reporting Disastrous Financial Results

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by Michael Snyder If the U.S. economy really was “booming”, then corporate earnings would be rising.  But that isn’t happening.  In fact, we haven’t seen corporate earnings fall like this since the last recession.  They fell during the first quarter of this year, and based on the results we have so far, it appears that … Read more

Central Banks are Making “Conservative Investments” Riskier – Lacalle

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via mises: There are many misconceptions about the collateral damages of financial repression.  The first one is to believe that Central Banks monitor or react to financial risk accumulation. Policymakers tend to allow excessive risk-taking as a lesser evil side effect in their quest for inflation at any cost (read my paper). If asset valuations … Read more

Nick Reece on Leading Economic Indicators and Signs of Recession

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by FS With the current U.S. economic expansion hitting record-setting territory, economic anxiety is setting in for some as the Fed eyes a rate cut. Financial Sense Insider spoke with Nick Reece, senior financial analyst at Merk Investments, to discuss his recent chart pack and to get his take on leading economic indicators. Conference Board’s U.S. … Read more

Winter Is Coming … For Housing! New Home Sales Rise Only 7% MoM With Falling Mortgage Rates

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by confoundedinterest17 The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 646 thousand. That is up 7% over May NHS. That is the good news. Now for the less good news. First, new home sales are up … to pre-1995 levels. That is, pre-house price bubble (orange line).  Second, … Read more

“History suggests that investors should not wait for confirmation of a recession before getting more defensive in their asset allocation.”

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This is a quote from page 6 of the Recession Playbook. http://www.mediafire.com/file/5py1d1zrii5rr1a/The_Recession_Playbook.pdf/file They also say that you need to buy into bonds before a recession is officially announced because bonds would have appreciated already by then. Otherwise you are just gonna be selling low (equities) and buying high (bonds). ​ Is it time to increase … Read more

Long term short Oracle

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by Wyxuan Oracle is a terrible company. It primarily offers cloud services to various industries for supply chain management, CRM, etc. However, those cloud services aren’t particularly good value, as no sane startup is willing to take on such an expensive and poorly developed tech. GCP, AWS, and Azure are considered much better than Oracle. … Read more

Is a Bad Moon Rising for the Stock Market?

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By Chris Puplava, FS As a follow-up to my last article (US Stock Market Showing Tech-Bubble Divergence), further warning signs are continuing to build that give us caution on the outlook for equities. High yield option-adjusted spreads (OAS) are not confirming the new high in the S&P 500 and have worsened over the last three … Read more

Ex-US Congressman Ron Paul on Mueller’s testimony in Congress

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https://www.youtube.com/watch?v=egjbkJ8mTFc   Democrats expected Russiagate fireworks from former special counsel Robert Mueller’s long-awaited testimony on Capitol Hill, but were once again disappointed, witnessing only the last fizzles of a dying conspiracy theory. Many in the media had massively hyped Mueller’s appearance, believing that his confident and clear testimony would make for must-watch television. Yet, when … Read more

Big Tech Crackdown & Deutsche Bank’s Downfall

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https://www.youtube.com/watch?v=d9Wo9kmA9Qs  Big tech is in the crosshairs of the DOJ as the U.S. has opened a review into antitrust practices. Professor Richard Wolff is on hand to break down the case and what the merger and monopolies mean for the tech economy. Plus, the news keeps going down for Deutsche Bank as new reports reveal … Read more