Venezuela Reopens Colombian Border, Thousands of Venezuelans Flee
Real socialism: http://archive.is/2rtJE
OC California Q1 Home Sales Off To Coldest Start Since Great Recession
via confoundedinterest: Welcome to the Land of … Jumbos and All-cash! Aka, Orange County, home of surfing legend (and Realtor) Bob “The Greek” Bolen. But Orange County has just experienced their slowest start to a year in terms of home sales since The Great Recession. And home prices in Orange County are falling despite mortgage rate declines. … Read more
Consumer Debt / Consumption: Pulling Forward Versus Paying Forward
via seeitmarket: Debt allows a consumer (household, business, or government) to pull consumption forward or acquire something today for which they otherwise would have to wait. When the primary objective of fiscal and monetary policy becomes myopically focused on incentivizing consumers to borrow, spend, and pull consumption forward, there will eventually be a painful resolution of … Read more
Andrew Jackson Explains Why The Next Move Will Be To Take Down The [CB]
Trump is using the Fed to rework trade deals, leverage trade with tariffs, the Fed is helping him with all of this. Ask yourself a question why does the [CB] hate tariffs? Andrew Jackson explains why the [CB] is not for the people and why it is a mistake outsourcing the creation of money.
Citigroup Says S&P 500 Heading for a `Full Scale Bear Market’
via Yahoo: Citigroup Says S&P 500 Heading for a `Full Scale Bear Market’ (Bloomberg) — The U.S. tariffs on Mexico might be off, but Citigroup Inc. strategists warn that trade tensions are set to climb, roiling financial markets from stocks and bonds to commodities. “Tensions are mounting and the outcome looks more likely to be … Read more
The Next Time the Economy Tanks, the Fed Should Give People Free Money
via MarketWatch: The Federal Reserve, appearing satisfied that the economy is close enough to 2% inflation and full employment, is reviewing strategies and tools. Perhaps it should consider some radical options — such as letting ordinary individuals establish accounts at the central bank and injecting “helicopter money” into each of those consumer accounts when the central … Read more
Currency War or Trade War? Two-Edged Dilemma for US and China
via mishtalk: Does China (Trump) want to fight a trade war or a currency war? Before addressing the question, let’s take a the US quarterly goods trade deficit with China. Net Goods Trade with China Quarterly Trade Deficit Timeline The US trade deficit with China blasted higher starting in 2004. Despite a 26% appreciation in … Read more
Millennials Are Unable to Save the California Housing Market
via doctorhousingbubble: The housing market now sputters into the summer selling season with very little momentum. Home sales are at post-recession lows and the labor force participation rate is collapsing because you have an army of Taco Tuesday baby boomers roaming the streets of California enjoying inflated real estate values while enjoying Whole Foods delivered to their front … Read more
Even If the Fed Cuts Rates, It Could Be Too Late to Stop a Recession
via CNBC: “Fed could cut as soon as July but it may not halt slowdown/recession,” Morgan Stanley’s equity strategist Michael Wilson said in a note to clients Monday. The economy is already facing some “very real macro risks” including weak jobs data, low inflation and escalating trade tensions, Wilson said. The Fed easing over the … Read more
The seven sisters were the modern day OPEC
via @chigrl: They were;: 1. Anglo-Iranian (started as Anglo-Persian) Oil Company..later became $BP 2. Gulf Oil (later part of Chevron) 3. Royal Dutch Shell 4. Standard Oil Company of California (SoCal, now Chevron) 5. Standard Oil Company of New York (Socony, later Mobil, also now part of ExxonMobil 6. Standard Oil company of New Jersey (ESSO … Read more
Global bond yields have fallen sharply over the past month
Global bond #yields have fallen sharply over the past monthChanges from a week ago (week ending 7 June) #US #UK #GERMANY #JAPAN pic.twitter.com/IDtVBuBsav — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) June 10, 2019
It’s Happening: People are Canceling Netflix and Disney—and the Revenue Losses Are Growing by the Hour
via pjmedia: Streaming services like Netflix, Hulu, and Disney Plus never waste an opportunity to tell the American public living in red states how much they hate them. From Netflix showing movies that could meet the legal definition of sexual assault of children to making cartoons about babies in drag (while ignoring customer concerns) to Disney’s CEO complaining about Alabama abortion … Read more
DOJ Review of Intelligence Activities
WARNING: link is a PDF https://assets.documentcloud.org/documents/6145811/2019-6-10-DOJ-Review-of-Intelligence-Activities.pdf U.S. Department of Justice Office of Legislative Affairs Office of the Assistant Attorney General Washington, D. C. 20530 June 10, 2019 The Honorable Jerrold Nadler Chairman Committee on the Judiciary U.S. House of Representatives Washington, DC 20515 Re: DOJ Review of Intelligence Activities Dear Chairman Nadler: This letter responds … Read more
Students Trust Communist Chinese Government Over Trump, U.S. Intelligence Agencies..
The brainwashing continues. Cabot Phillips went to the University of Maryland to ask students whether they trusted the Chinese government or Donald Trump and others who want to shut down Chinese funded “Confucius Institutes on campus. The centers, on dozens of campuses around the country, have recently come under fire for what the D.O.D. calls … Read more
Four Cops OWNED & EDUCATED – Yard Sale Raid – East Hampton, NY Police – First Amendment Audit 57
This is classic…It needs to go megaviral! Four Cops OWNED & EDUCATED – Yard Sale Raid – East Hampton, NY Police – First Amendment Audit 57 h/t Levit
BAN ALL THE THINGS! Philadelphia Politicians Want to Ban…[Checks List]…Bay Windows.
via reason: City Councilman Kenyatta Johnson has introduced an ordinance that would ban these protruding windows in the neighborhoods of Point Breeze and Grays Ferry. Balconies would be verboten too. His aim, he says, is to prevent undue clashing with the traditional brownstone homes that populate the area. “I call them pop-out windows,” he told local radio station WHYY last … Read more
Protests in Hong Kong
View post on imgur.com TLDR: the extradition law which the protest is against enables the Chinese government to extradite anyone in Hong Kong who violates the Chinese law. The main problem is – according to the Chinese law, you don’t have to be within China to violate their law – say if you punch a … Read more
MS-13 gang member uses child with chickenpox to try to enter U.S.
CBP agents recently reported an MS-13 gang member used a toddler with chickenpox in an attempt to make a fraudulent migrant family claim. One America’s Emily Finn explains how migrant families are using children as a “passport for migration.”
Can Shale Survive Low Oil Prices?
By Nick Cunningham Lower oil prices could drag down U.S. shale drillers at a time when their finances are already looking shaky. But the impact on oil production growth is still murky. WTI is in the low-$50s per barrel, which means that the average shale driller is likely burning through cash. In the first quarter, … Read more