Is 2019 The New 1987?

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Via DataTrekResearch.com, 2019 is looking more like 1987 every day. No, we’re not calling for an October crash… But if the S&P rallies another +12%, history does say to reduce US equity exposure. Up 30%-ish years aren’t uncommon. Up +40% years most certainly are. Looking further out, recall that 1988 and 1989 saw good S&P returns … Read more

Signs Of The End: Zillow Has Become Huge Loss-Making House-Flipper

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via forbes: Every night for five months before the launch of Zillow’s website in February 2006, employees gathered their Dell desktops on Ping-Pong tables, connected them to harness their combined processing power, and strung together extension cords to get them all running. To avoid overloading the circuits, they unplugged the office refrigerator and banned Christmas lights. Then, … Read more

Judge blocks Trump policy keeping asylum-seekers locked up

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A federal judge in Seattle on Tuesday blocked a Trump administration policy that would keep thousands of asylum-seekers locked up while they pursue their cases, saying the Constitution demands that such migrants have a chance to be released from custody. U.S. District Judge Marsha Pechman ruled Tuesday that people who are detained after entering the … Read more

Alert level increased at world’s largest volcano in Hawaii

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  Federal officials raised the alert level Tuesday for the world’s largest active volcano, Hawaii’s Mauna Loa, which last erupted in 1984. The U.S. Geological Survey changed the level from “normal” to “advisory” following a steady increase in earthquakes and ground swelling that began in March. An eruption is not imminent, but scientists are closely … Read more

STRANGE BEDFELLOWS: George Soros and Charles Koch Have Teamed Up to Form a Think Tank.

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via townhall:   Progressive billionaire George Soros and right-leaning billionaire Charles Koch have formed an unusual alliance to advocate for pacifist foreign policy, teaming up to create an anti-war think tank known as The Quincy Institute for Responsible Statecraft. According to its website, the Institute “promotes ideas that move U.S. foreign policy away from endless war … Read more

TURKISH NEO-SULTAN ERDOGAN THREATENS TO GO TO WAR IN LIBYA

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via strategypage: The Turkish president’s threat to intervene in Libya’s anarchic civil war received scant coverage in U.S. media swooning over the Democrats’ gaggle of synthetic candidates. Not so in Europe and the Middle East — for many reasons. Last week, though his military forces are deeply engaged in next-door Syria’s ruinous civil war, Turkish President … Read more

DIGITAL LIFE: Ebooks Purchased From Microsoft Will Be Deleted This Month Because You Don’t Really Own Anything Anymore.

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via gizmodo:   Microsoft announced in April that it would stop selling ebooks and that any books the company already sold would stop working in early July because the DRM servers were being shut off. Yes, you read that correctly. Those books that you “bought” are going to disappear. Even the “free” books that you downloaded … Read more

Australia Lowers Rate to Historic Low of 1%

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by Martin Armstrong The Reserve Bank of Australia has cut the official cash rate for the second month in a row to 1%. As we head into the turning point of the Economic Confidence Model come January 2020, the unemployment rate increased to 5.2% in April. GDP growth remains very low at 0.4%, wage growth … Read more

Hong Kong Peg & Riots

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by Martin Armstrong Civil unrest is continuing to rise in Hong Kong after crowds of mask and helmet wearing demonstrators fled the area to escape hundreds of riot police firing tear gas. The entire issue has arisen from Lam’s government pushing legislation that would allow extraditions to China, a move that alarmed locals and multinational … Read more

FITTON: HUGE: Judicial Watch witness breaks open Clinton email scandal. Major interview with JW senior attorney Ramona Cotca.

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by TFittonJW Here is my discussion with Ramona: And some background: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-former-state-official-testifies-he-warned-state-department-officials-about-clinton-email-issues-concerned-about-interference-on-classified-clinton-benghazi-email-documents/