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by Dave Kranzler of Investment Research Dynamics “The latest University of Michigan consumer confidence report noted that its index tracking those who think it’s a good time to buy a home has fallen by a hefty eight points in the past two months even as mortgage rates have dropped.” – Danielle DiMartino Booth, “The Fed Can’t Help Housing Or … Read more
by Raúl Ilargi Meijer Gustave Courbet The village maidens 1852 I intentionally start writing this mere minutes away from Fed chair Jay Powell’s latest comments. Intentionally, because the importance ascribed to those comments only means we have gotten so far removed from what capitalism and free markets are supposed to be about, that it’s pathetic. The comments … Read more
by badpauly These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed … Read more
Plunging government bond yields could complicate the Federal Reserve’s plans to exit the US mortgage market, according to one of the pioneers of the central bank’s bond-buying programme. The central bank has been one of the biggest buyers of mortgage-backed securities since the financial crisis, racking up a total of almost $1.8tn at the peak, … Read more
via jugglingdynamite: Stephanie Pomboy, founder and president of Macro Mavens, sits down with Grant Williams to discuss her global outlook after the Fed’s recent course-reversal. Pomboy and Williams take a deep dive into the significance of the gaps between various economic indicators, and discuss the implications for capital markets, retirement accounts and pensions. They also touch … Read more
via fuw.ch: Danielle DiMartino Booth is a vocal critic of the Federal Reserve. The former analyst at the Federal Reserve Bank of Dallas condemns the devotion of the unelected academics to their theoretical models. In her book «Fed Up» she writes about arrogance and tunnel vision that drive core policies of the Fed and explains why … Read more
Some upstate New York county clerks are taking a stand against the state’s controversial new lawgranting driver’s licenses to illegal immigrants. Clerks in Erie, Rensselaer, Niagara and Allegany counties have said they won’t be handing out the licenses, despite the legislation signed Monday by Gov. Andrew Cuomo. Erie County Clerk Michael Kerns said he believes the … Read more
The Koch brothers are also working with the ADL to silence conservatives. Koch brothers have immigration agenda, want Republicans to be soft on crime. #Tucker #FoxNews h/t John
by MauldotheLastCrafter Reuters: U.S. President Donald Trump plans to issue an executive order on Monday asking health insurers and doctors to disclose new details about healthcare costs, in an attempt to improve price transparency, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The order will direct federal agencies to initiate regulations … Read more
In just five years, Slack has grown to have more than 10 million users and has become a verb in the process. “I’ll Slack you” is shorthand for sending a message via the workplace chat platform. On Thursday, the company took that popularity to the New York Stock Exchange, where its shares soared on its … Read more
by Lance Roberts “The greatest trick the Devil ever pulled was convincing the world he didn’t exist.” – The Usual Suspects (1995) Just recently, Politico ran a story by Brain Faler entitled: “Big Businesses Paying Even Less Than Expected Under GOP Law.” To wit: “The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice … Read more
The Corbett Report shows four very illuminating examples of the Washington establishment discussing the possibility of staging an attack and blaming it on Iran in order to manufacture consent for retaliatory strikes or full scale conflict against Tehran.
via dailywire: Ocasio-Cortez was angered by Todd calling her out and responded to him on Twitter, writing: “Well, @chucktodd – the fact that you slipped in ‘Nazi’ when I never said that is pretty unfortunate. Almost as unfortunate as the fact that you spent this whole time w/o discussing DHS freezers, “dog pounds,” missing children, & … Read more
https://twitter.com/BreakingNLive/status/1141782352894541829 Court Rules President Trump Can Defund Planned Parenthood, Will Cut Almost $60 Million in Taxpayer Funding NATIONAL STEVEN ERTELT / JUN 20, 2019 | 11:40AM / WASHINGTON, DC A federal appeals court today ruled President Donald Trump can partially defund planned Parenthood while the abortion business’ lawsuit agaisnt his administrations new rules moves … Read more
The interest payment on our debt is currently $300 billion dollars per year, heading towards a projected $1 trillion dollars within a decade. At that point, a fifth of all federal taxes will go towards the interest on the debt, not education, infrastructure, and defense – you know, the stuff government is supposed to do. … Read more
via pjmedia: I left Los Angeles for Nashville slightly over a year ago. When I call friends back in my former home (for 50 years), most of them tell me I got out just in time. Actually, they’re wrong. I should have gotten out ten or even fifteen years before. The handwriting was on the wall. … Read more
I watched the whole thing back when it was on. Both witnesses were seriously intelligent dudes, one had a super cool Boston accent if I recall correctly. Hillary was strung up completely by the testimony. I remember shock too at hearing Huber kept losing all the docs they forwarded. AC
by Shaun Richards It is good to be ahead of the pack as I note that this morning the Resolution Foundation has caught up with one of my main themes. Housing costs have put increasing pressure on living standards for all generations alive today, compared to predecessors at the same age. Housingcost-to-income ratios fell faster … Read more
via pjmedia: “Where do I go to get my reputation back, even though nobody knows I lost it?” That seems paradoxical, since your reputation is what people generally think of you — but in digital publishing what really counts is what computers think of you. Earlier this week, secret algorithms besmirched my digital reputation, in ways that could … Read more
Oregon’s Democratic governor, Kate Brown, has dispatched state troopers to find missing Republican senators and bring them back to Salem to legislate. All 11 Republican senators are in hiding, at least some of them out of state, in order to prevent the Senate from having the quorum it needs to operate. They can’t abide the Democrat-backed … Read more