Alexandria Ocasio-Cortez is Already Demanding Higher Pay, and Says She Will Become Corrupt if Not Rewarded.

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via redstate: Alexandria’s current salary in Congress is $174,000. This is far greater than the US average salary of workers without a high school diploma ($27+K), or those who graduated high school ($37+K). Even looking at those with a college education she earns nearly triple the rate of $66+K annually. So here is the woman, who … Read more

Escalating Trade War Signals More Pain For Oil

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By Nick Cunningham Trump backed off his proposed trade war with Mexico in the face of intense pressure from business groups and even his own party, but his faith in tariffs remains unbowed. In fact, Trump may have internalized a lesson that presents further risks to the global economy and to oil markets. “If we … Read more

Before You Pay Your Hospital Bill, Read This

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by Nilus Mattive of Daily Reckoning Have you run up a huge hospital bill that you’re having difficulty paying? The stress can be overwhelming, especially while you’re recovering from a complicated procedure and feeling like you’ve been hit by a truck.  But you’re not alone… The Consumer Financial Protection Bureau (CFPB) found that 43 million Americans have overdue … Read more

As Amazon’s Alexa Passes 100 Million Units Sold, It Will Now Be Always-On And Always Recording And Storing All Conversations In Your Home

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by Geoffrey Grider Amazon’s patent application for an always-on feature for Alexa, its popular voice-activated personal assistant, has raised a lot of concern. Understanding of Bible prophecy is a lot like driving into a smog-filled city like Los Angeles, where I lived for a time before getting saved back in the last 1980’s. When you view LA from a … Read more

‘China Bad debt approaching 25% of total credit’

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by Danielle Park via Juggling Dynamite I have long noted that the leverage, securitization and off-book accounting gimmicks that imploded enery-giant-ENRON in the early 2000s were adopted far and wide over the last 20 years.  Bailouts to those instrumental in the 2008 implosion, along with central bank liquidity-pumping globally, enabled a continuation of similar antics in … Read more

Hong Kong risks its future as global business hub

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by Katrina Hamilton via Reuters HONG KONG (Reuters Breakingviews) – Carrie Lam’s government could squander Hong Kong’s privileged position in the eyes of foreign governments. A bill that would allow extradition to the mainland prompted hundreds of thousands to protest on Sunday. If the chief executive ignores the message, Washington, Brussels, and others may reconsider their … Read more

Chiraq Mayor Lori Lightfoot holds “accountability” meeting after another weekend of gun violence

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by DCG There is no such thing as “accountability” in Chiraq. Demorats have been in charge since 1931 and yet the gun violence CONTINUES. From MyFoxChicago: City leaders met Monday following another violent weekend. The second weekend of June saw 39 people shot, three of them fatally. Police were also able to arrest 36 people on gun-related charges and remove … Read more

AOC & Buffett Think Alike?

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by Martin Armstrong Alexandria Ocasio-Cortez (AOC) attacked corporate politics, influence, and greed. She echoed Warren Buffett who recently told shareholders that if a bank needs a government bail-out, the responsible CEO and his or her spouse should lose their net worth. Interesting comment on Buffett’s part when he lent $5 billion to Goldman Sachs to prevent their … Read more

Is the S&P 500 making a very bearish pattern right now?

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via Troy: After a big 5 day rally, the stock market is stalling. Today’s headlines: Canary in the coal mine: small caps underperforming large caps NASDAQ’s breadth Interest rate cuts Crash pattern Job openings Tech’s surge Go here to understand our fundamentals-driven long term outlook. For reference, here’s the random probability of the U.S. stock market going up on … Read more

What does it actually mean to have negative interest rates? Why is it bad? What caused this? Specifically who is responsible?

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by Ilogy QE is far more than simply the Fed buying Treasuries in mass quantities. After all, that was already how the Fed set interest rates prior to 2008, through the buying and selling of short-term Treasury bonds. Why QE was so controversial was because the Fed was given the power, by congress, to print money … Read more

Doesn’t look like the trade war is ending any time soon

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doesn't look like the trade war is ending any time soon pic.twitter.com/HU3GX4jzCE — Alastair (@StockBoardAsset) June 11, 2019 global slowdown is not contained pic.twitter.com/W5KnhiMtC4 — Alastair (@StockBoardAsset) June 11, 2019 ugly, this is a proxy for economic growth pic.twitter.com/ErDH9kbeed — Alastair (@StockBoardAsset) June 11, 2019 https://twitter.com/anilvohra69/status/1138431416834723840 The Chinese domestic economy has never slowed this fast … Read more

This is why the $VIX could stay elevated

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this is why the $vix could stay elevated pic.twitter.com/U9JZi2T6Ga — Alastair (@StockBoardAsset) June 11, 2019 The S&P 500 is essentially unchanged since January 29, 2018 which means valuations have been stuck at eye-watering levels for almost a year and a half. That is beginning to rival the insanity of the dot-com era bubble. pic.twitter.com/AgB2K1S5eb — … Read more

Biden, Trump Duel In Hawkeye

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President Trump and former Vice President Joe Biden head to Iowa Tuesday, marking the first time during the 2020 election cycle that the two will campaign in the same state on the same day. As the two make their cases to Iowans, there’s renewed attention on whether a septuagenarian candidate can persuade skeptical 2020 voters that … Read more

Calgary Vacancy Rate Still near Record Highs – Sorry, Calgary is closing

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by Martin Armstrong The environmentalists have really gutted Alberta which was an economy based upon commodities. With that industry under assault, the economy has been decline. According to the quarterly report released April 1st 2019, Calgary’s downtown vacancy rate is currently at 26.5%, the highest in Canada. Although it decreased slightly from its peak at … Read more