JPMorgan: “Significant Risk” Is Coming Next Week…

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With arguably the most important two weeks of the year looming, on Friday Bank of America’s Chief Investment Officer, Michael Harnett, laid out a 2-by-2 matrix summarizing the four possible scenarios that could result from the Fed’s announcement next week, and the G-20 meeting on June 28-29, where there is a chance (if minuscule) that Trump … Read more

Chinese state media warns retaliation against US tariffs could ‘become routine’

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via scmp: Taoran Notes commentary also seeks to play down expectations over possible meeting between Xi Jinping and Donald Trump in Japan later this month It says Beijing is showing its determination when it comes to ‘genuine battle preparations’   Chinese state media has warned the countermeasures Beijing is taking against Washington’s increased tariffs and technology … Read more

This is incredibly bullish for gold

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Incredibly bullish for gold. Real yields inverted have broken out of their six-year downtrend. Confirmed by yield curve inversions and new Fed easing bias. pic.twitter.com/thJgM13odf — Kevin C. Smith, CFA (@crescatkevin) June 14, 2019

Modern market crashes are instances when many smart people forgot key lessons

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via @RadicalAdem: • markets that generate attractive returns come w/ a higher risk of loss. • liquidity dries up when needed most. • markets are most vulnerable when overleveraged. • Low Vol breeds High Vol.   • New financial contraptions – such as MBS’s, CDO’s, CDS’s, CLO’s, portfolio insurance, etc – might solve immediate problems and … Read more

“The US Is On Course To Test Just How Much It Can Borrow”

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Grant’s Almost Daily, submitted by Grant’s Interest Rate Observer Recovery room On Wednesday, the U.S. Treasury reported that Uncle Sam’s May deficit totaled a record $208 billion, bringing the 2019 year-to-date (the fiscal year begins on Oct. 1) shortfall to $739 billion. For context, full-year 2018 and 2017 saw gaps of $779 billion and $666 billion, … Read more

Mile Markers On The Road To Trump

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CNN’s Jim Acosta recalls ‘quaint’ Romney gaffes, including one that wasn’t a ‘gaffe’ at all: For many voters on the Right (myself included), the “binders” moment served as further proof that it does not matter who the GOP submits as its presidential nominee. He can be as kind and decent as Romney, and Democrats and … Read more

Trade War Nightmare Causes Collapse In Demand For US Industrial Space, Says Cushman & Wakefield

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via Zerohedge: The latest Cushman & Wakefield commercial real estate report shows demand for US industrial space collapsed 60% on year in 1Q19, reflecting the global synchronized decline and the deepening trade war. Cushman & Wakefield’s economists warned President Trump’s trade war is unraveling complex supply chains around the world that have led to a slump in demand … Read more

Corporations Suddenly Realize That Once-Coveted Millennials Are A “Screwed Generation”

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via Zerohedge: Right now, millennials represent the largest single consumer group in the United States: they number 83.1 million and they represent a full quarter of the US population. When it comes to corporations targeting consumers, millennials are at the top of the list for those obvious reasons, according to a new article by Adweek. But … Read more

Bubble 3.0: A Blast From A Bubble Past

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Authored by David Hay via Evergreen Gavekal blog, “Although macroeconomic forecasting is fraught with hazards, I would not interpret the currently very flat yield curve as indicating a significant economic slowdown to come.” –BEN BERNANKE, Former Fed Chairman in a March 20, 2006 speech “It was popular to play down the significance of the inverted … Read more

What to Expect From the Housing Market in 2019

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…”The Federal Reserve hiked interest rates three times in 2018 – with a fourth likely before the new year – and has also expressed plans to increase them more than once in 2019. ” …..”A marginally higher interest rate doesn’t necessarily add a significant amount to the total you pay back to a lender for … Read more

Robinhood’s Moneymaking Strategy

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by vvvelaxtrummm   (a) Create an app which allows “retail investors” with handheld portable computers, to gamble on the Stock Market all day. (b) Sell the trading data of the retail investors, immediately and in real-time, to the Big Institutions, so they can crunch the numbers and see what exactly these retail customers are doing. … Read more

WHO to declare EBOLA international emergency

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via Zerohedge: In April, we pointed out that over the prior months, many public health experts had claimed the deadly Ebola virus outbreak that has been ravaging the Congo will not become a global health threat, despite recent events painting a much less optimistic picture. We also warned that despite people in the West often thinking of Ebola as a disease … Read more

I Agree with This Evil Socialist Dictator

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by Wayne Root Hugo Chavez was one of the most evil socialist dictators ever. He took the richest country in Latin America- Venezuela- and turned it into a disaster of misery and poverty in only five years. How bad? The people had no food or toilet paper. And critics of Chavez were tortured and murdered. Isn’t … Read more

Big Tech is “BANNING EVERYONE TALKING ABOUT THE PROJECT VERITAS EXPOSE OF PINTEREST. WE FOUND BIG ONE.” The question is: WHY?

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Tim Pool: Youtube Has Censored My Video About Censorship, Yes Seriously Speaking of #VoxAdpocalypse — NEXT WEEK a brave insider is coming forward from deep inside Silicon Valley. @Project_Veritas + our insider will show you damning documents that #bigtech won't want you to see . . . STAY TUNED. — James O'Keefe (@JamesOKeefeIII) June 5, … Read more