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From the Associated Press: Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs. Roughly two-thirds, 67%, describe their financial situation as generally good, up slightly from 62% who said so at the start of the year, according to … Read more
via politico: Democrats’ signature policy proposal to raise the federal minimum wage would cost roughly 1.3 million jobs nationwide, even as it boosts wages for 17 million workers and lift 1.3 million families out of poverty, according to a report by the Congressional Budget Office released Monday. The report — which offers the most detailed analysis to date … Read more
California sold billions of dollars worth of bonds based on PROJECTED taxes on tobacco cigarettes. Then vaping came along and blew their projections out. AC
Clearly, conservatives have more common sense “More than three out of four conservatives say that they do not trust Facebook to treat all of its users equally, according to a new poll, which adds that more than half of respondents also said they hold the same views regarding Google, YouTube, and Twitter. The poll was … Read more
https://www.youtube.com/watch?v=JFhMZvhNRLk Several days of persistent heavy rain in south China’s Guangxi Zhuang Autonomous Region resulted in severe flooding, causing widespread damage, leaving motorists stranded & forcing the evacuation of thousands of local residents. According to the Ministry of Emergency Management, over 6,000 people trapped in floods in Guangxi have been successful rescued by Tuesday.
by Orangutan Whistle blowers and investigative journalists need more of a role in society than they already have. For some reason they aren’t respected enough for what they do. Part of human nature I suppose. This one deserves the recognition.
Tom Steyer, who has led a two year campaign to impeach President Trump, and devoted years as a climate crusader alarmed at global warming, just announced he’ll spend $100 million to get the Democratic nomination for president. Can Steyer’s billions buy the White House? Should the Democrats pick a wealthy populist outsider to face Trump? … Read more
by Martin Armstrong QUESTION: you spoke about trump draining the swamp, how would you drain the swamp, we agree it needs draining? tg ANSWER: The first thing you have to do is eliminate the control of the regulatory agencies by the bankers. Enough is enough. We must start there. We will NEVER see any hope for the … Read more
by Martin Armstrong QUESTION: Your correlations about the weather have been very interesting. What I understand is that as the climate has shifted into solar minimum, the weather gets more volatile with colder winters and spike heat waves in summer that decline in duration. Then for some reason, this is also the same period when volcanoes … Read more
by Martin Armstrong QUESTION: Hi Marty, Happy 4th July to you & your team. My question is: Have the Central Banks now created an asymmetric trade (free bet!) with respect to the stock market? It appears they cannot let any market fall. Sincerely, Alan ANSWER: I understand many people always look for some party to blame for … Read more
By Nick Cunningham Oil demand continues to soften, which could result in a supply surplus in the second half of this year. In its latest Short-Term Energy Outlook, the EIA downgraded its forecast for global oil demand growth to just 1.1 million barrels per day (mb/d) this year, down from the 1.2 mb/d the agency forecasted … Read more
Getting a loan is something nearly everyone will have to do at one time or another in their lives. People borrow money for a wide variety of different things. Some need it to purchase a home, some to cover unexpected expenses and some to get their education. In total, Americans have over $10 trillion worth … Read more
Sir Kim Darroch has resigned as UK ambassador to the US, amid a row over leaked emails critical of President Trump’s administration. The ambassador was branded “a very stupid guy” by the US president, after emails emerged calling his administration “clumsy and inept”. The Foreign Office praised Sir Kim’s “professionalism and class”. The ambassador said he wanted … Read more
by sundance Breakthrough – Things Making Sense Now… Lots of things going on in/around the two legal cases involving Michael Flynn today. The origination of the DOJ shift in position involves the indirect case (EDVA) where Flynn is/was a witness in the FARA (Foreign Agent Registration Act) case against Bijan Rafiekian and the Flynn Intel Group. … Read more
Watch the latest video at foxnews.com Dramatic video footage taken by a passenger on board a Baltimore-bound flight Monday showed a loose spinner rattling in one of the engines before the plane was forced into an emergency landing. Delta’s Flight 1425 – a 32-year-old MD-88 – left Hartsfield-Jackson International Baltimore-Washington International around 12:48 Monday. About … Read more
I think Barr is just trying to sell Mueller some more rope. h/t duFontaine.
via WSJ: The yield on short-term Treasurys has been higher than on long-term notes for more than 30 consecutive trading sessions, a sign that investors are concerned about the durability of the decadelong economic expansion. The yield on three-month bills has exceeded that of the benchmark 10-year Treasury note by as much as 0.259 percentage … Read more
by Troy Amidst the never-ending sea of things to worry about, more economic indicators are flashing warning signs. Meanwhile, breadth is weakening a little. Today’s headlines: NY Fed’s Recession Probability OECD’s Leading Indicator Dow Theory Sentiment divergence Breadth divergence Go here to understand our fundamentals-driven long term outlook. For reference, here’s the random probability of the U.S. stock … Read more
via redstate: In a press release Tuesday, Republican North Carolina Sen. Thom Tillis announced new legislation intended to give voice to victims of those in the country illegally who are harmed by sanctuary policies. Thom cited his home state — where, according to him, sanctuary politics have brought danger — as the bill’s inspiration. So what’s the move … Read more
