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Josh Sigurdson talks with Kingsley Edwards about the recent announcements by Facebook regarding their Libra cryptocurrency which many are projecting will be a digital dollar to Bitcoin’s digital gold. Young people are not buying this desperate move to remain relevant and the background is sketchy to say the least. Considering Facebook’s behind the scenes … Read more
by Chris Kimble Are investment grade bonds peaking? Some conditions suggest its possible, says Joe Friday! This chart looks at Investment Grade Bond ETF (LQD) over the past 10-years. LQD has moved sharply higher since the lows in December of 2018. The rally has LQD testing its 2015 and 2016 highs. While testing these highs its optimism … Read more
Ford is getting ready to cut 12000 jobs in Europe by the end of 2020. The regulations are hurting auto manufactures. Pending homes sales tick up, which means the rate freeze is helping, once the rate cut is initiated and stimulus is reintroduced the [CB] economy will stabilize. Trump has been tweeting out the economic … Read more
The [DS] is pushing free health insurance for all migrants, they just showed their hand. The Mueller testimony is a propaganda stunt and is planned to keep the real questions away from Mueller. Trump’s attorney uncovers more evidence on Clapper. The Supreme Court has blocked the citizen question from the census. AOC stages photos on … Read more
via Zerohedge: More American renters now believe that owning a home is “financially out of reach”, according to the WSJ. In a new survey set to be released by Freddie Mac, just 24% of renters said it was “extremely likely” that they would ever own a home. This is 11% lower than four years ago. Of those surveyed, … Read more
by visualcapitalist Today’s tech founders have unique insights into the evolving arena of innovation and are keenly aware of why some companies succeed more than others. Many have worked with multiple startups and have gone on to invest in successful tech unicorns. This week’s chart comes from First Round’s State of Startups 2018 survey, in which 529 founders … Read more
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
