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by Martin Armstrong New findings are out from the New York Federal Reserve that reveal a troubling outlook for millennials who have now reached over US$1 trillion of debt, but the worst of it is student loans. This is a sharp rise of 22% over the past five years and is worse than any other generation in … Read more
by DCG Last Saturday at the waterfront (known as Inner Harbor) in Baltimore, hundreds of teens took to the streets to harass people. Here’s how the Baltimore Sun described it: “Last Saturday, many teens spread messages online to meet in the Inner Harbor. As the day turned to night, the crowd swelled to more than 400, … Read more
by Graham Summers of Gains, Pains, & Capital A Crash is coming… Forget the trade war… forget the Mueller investigation/ deep state coup… forget the situation in Iran. The real story right now for the markets is that the global economy is sinking into a recession. The reason this is a BIG deal is because Central Banks believed they … Read more
via jonathanturley.org: Below is my column in The Hill newspaper on three unanswered and troubling questions for Special Counsel Robert Mueller. The concerns over Mueller’s motivations was heightened by the justifications that he has offered for some of his decisions like not reaching a conclusion on the weight of the evidence on obstruction. Many of us … Read more
via spiked-online: “Demographically, London has changed enormously in recent years, but it has become tantamount to a speechcrime to say anything critical about these developments. . . . What is really bizarre about the attacks on Cleese is that his critics actually agree with him that London is no longer fundamentally an English city, only they … Read more
Goldman Sachs has revised up the possibility of sweeping auto tariffs being introduced this year to 40%, from 25% previously. The Wall Street investment bank raised the possibility of the U.S. introducing a new 10% tariff on the remaining $300 billion of Chinese imports to 60%, from 40% previously. https://www.cnbc.com/2019/06/03/goldman-sachs-is-predicting-an-escalation-of-global-trade-wars.html Morgan Stanley chief economist says … Read more
DOES TRUMP’S EFFORT TO GET MEXICO TO REIN IN ILLEGAL IMMIGRATION TO THE UNITED STATES CONSTITUTE A RETURN OF THE BERLIN WALL? “Defenders of Trump’s action could argue that there is a distinction between locking people in completely and ‘merely’ preventing them from leaving for a specific destination (such as the US). But surely we would still … Read more
Just because trillions of dollars are “missing” and the federal budgets are now “secret” doesn’t mean you cannot see the effects of all the massive amounts of money created. It’s is showing up in the form of inflation, not official inflation calculated by the government, but real inflation for the man on the street. Investment … Read more
Obama Tells Ottawa Crowd ‘Deepfake’ Videos Have Him Worried “People can duplicate me speaking and saying anything.” OTTAWA — Barack Obama says he’s concerned “deepfake” videos will have real-life consequences, messing with people’s abilities to sort fact from fiction. The former U.S. president told an Ottawa audience that he’s seen fake videos bearing his likeness, … Read more
BREAKING NEWS: Italian PM @GiuseppeConteIT announces unexpected press conference for 6.15 pm today. No one knows the contents but he says: "I have some very important things to tell you all".https://t.co/34eZ8ouSac — Giulio Occhionero (@g_occhionero) June 3, 2019
U.S. Manufacturing Index Dips to Lowest Level in Almost a Decade (Bloomberg) — The U.S. Manufacturing Purchasing Managers’ Index fell by more than two-points to 50.5 in May, the lowest level since Sept. 2009, according to IHS Markit. New orders contracted for the first time since August 2009. The overall index has fallen by almost … Read more
by Charles Hugh-Smith Politics as practiced in a bygone era of stability no longer offers any solutions to these profound disruptions. I recently read a fascinating history of the social, political and economic context of the American Revolution: The Radicalism of the American Revolution by Gordon Wood. What is particularly striking is the critical role played by … Read more
Jim Hoft from the Gateway Pundit reports, Controversial Special Counsel Robert Mueller held a press conference on Wednesday on the Special Counsel findings where he smeared President Trump and then ran from the microphone and took no questions. https://www.youtube.com/watch?v=og23nPRjS_w Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…
Jim Hoft from the Gateway Pundit reports, Trump attorney and former New York City Mayor Rudy Giuliani joined Sean Hannity on Thursday following Robert Mueller’s abysmal press conference on Wednesday. https://www.youtube.com/watch?v=hvzn50pjBZ8 Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…
Why do you think the mansions aren’t selling? Slow economy? Too many on the market? Slowing real estate market? We’ve always noted the bottom 50% of the public having economic issues. In recessions they take the biggest hit. In prosperous times, they often see almost no benefit. The richest tier however tend to get richer … Read more
by Natura Naturans This poll demonstrates how unpopular abortion is to Americans. Although Religion is blamed by abortionists as the reason, Religion could not have produced the widespread opposition to abortion as polls show about 16% of the population is non religious. This poll found 75% of Americans want abortion to be confined to the first … Read more
by WARREN MOSLER Slow motion trainwreck by Agent Orange, aka Tariff Man, continues… Below 50 indicates contraction: Demand for Saudi oil has fallen back: Saudi pricing of discounts generally trending higher but most recently there’s been a small move back: And how about this? https://www.cnbc.com/2019/06/03/trump-calls-for-a-boycott-of-att-to-force-big-changes-at-cnn.html
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter In the past, the Treasury market was terribly wrong about this. In these instances, the 10-year yield had no predictive quality. It was just a stupid move by the market that then self-corrected brutally. The last such idiocy happened in 2016. The good folks who made that move are still ruing … Read more
IT’S simply not enough for billionaires to have everything they’ve ever wanted – they need eternity to enjoy it, too. At least a dozen of the world’s richest men have ploughed millions into bizarre ways to live forever. Here are five of the weirdest. 1) Cure for ageing A number of billionaires are putting their … Read more
For U.S. and China, it’s not trade war anymore — it’s something worse… What started out two years ago as an effort by President Trump to wring better terms from China on the nuts and bolts of foreign trade now threatens to become a far wider and more ominous confrontation. The conflict continues to be … Read more