David Rosenberg: More global economic pain is coming
More global economic pain is coming. Have a look at one leading indicator, which is the silver-gold ratio. Good take on this on page B10 of the WSJ — "Silver Sinks to Lowest Point Versus Gold Since 1993". — David Rosenberg (@EconguyRosie) June 3, 2019 for the gold bugs pic.twitter.com/aC4Tg1b4ny — Alastair (@StockBoardAsset) June 3, … Read more
The Green Raw Deal At Work: Tesla’s $2 Billion ZEV Credit Haul From GM & Fiat Is The Only Reason It’s Solvent
via Zerohedge: A Bloomberg report has revealed what it dubs the “secret source” of Tesla’s cash. Tesla has been pulling in much-needed extra cash from the same competitors that it criticizes for relying on internal combustion engines. To achieve this, the company has been offloading federal greenhouse gas credits to GM and Fiat, according to disclosures made to … Read more
Technically Speaking: Tops Are Processes, Bottoms Are Events
by Lance Roberts In April of 2018, I posted an article laying out 10-reasons why the “bull market” had likely ended for a while. To wit: “I highly suggest you use any substantial rally to reduce risk and rebalance portfolios accordingly. Why? Because I am going to out on a limb and making a call.’I think the 9-year … Read more
The Reserve Bank of Australia responds to lower house prices
by Shaun Richards The economic world has been shifting its center of gravity eastwards for a while now as countries like India and China grow in both population and economic terms. However as we look towards the Orient we have been seeing some both familiar but troubling developments as 2019 has progressed. For example on … Read more
Is social media evil? More are saying yes, and that should worry Facebook.
via azcentral: Is social media a threat or a menace? That seems to be the question many are asking today. Where just a few years ago, companies like Facebook or Google were seen as white knights of progress, now there seems to be a lot more skepticism about their effects and their intentions. I saw this firsthand last week when … Read more
Economics Really Is A Foreign Language To These Idiots
AOC Downplays Luxury Apartment, Says Everyone Should Have One. Rep. Alexandria Ocasio-Cortez (D., N.Y.) downplayed the amenities available in her expensive Washington, D.C., apartment building last week, saying her unit was comparable to apartments in a new public housing complex in New York City. Ocasio-Cortez made the comparison during a Bronx town hall, saying people … Read more
VOTING THEMSELVES A NEW ELECTORATE: House Dems Expected to Vote on Mass Amnesty Bill.
via freebeacon: House Democrats are expected on Tuesday to bring to a vote a bill to grant protection from deportation and a path to permanent residency for millions of illegal immigrants. H.R. 6, the American Dream and Promise Act, will likely pass the Democratic-controlled House, although it is dead on arrival in the Republican-controlled Senate. The … Read more
ENDORSED: Phil Hamburger: Stop Feeding College Bureaucratic Bloat: Congress Should Tie Student Loans To Ratio Of Administrators To Faculty.
via taxprof: Wall Street Journal op-ed: Stop Feeding College Bureaucratic Bloat, by Philip Hamburger (Columbia): American higher education faces many difficulties, not least soaring costs and the decline of academic freedom. Administrative bloat, subsidized by the federal government, makes both these problems worse. A 2014 analysis by the New England Center for Investigative Reporting found that from … Read more
Brian’s Exclusive Update For Wall Supporters/Donors
We Build The Wall founder, Brian Kolfage, has update and info for all Americans and donors who contributed to build The People’s wall in his one-on-one interview with One America News Network’s The Daily Ledger h/t KOS
UK Stock Investment Fund Blocks Redemptions- Could Trigger Global Stock Market Crash
via Zerohedge: In a moment of financial serendipity, earlier today we tweeted that as a result of the sudden collapse in the market’s most crowded positions (which as we noted over the weekend, now face the biggest risk of a wipe out), “hedge fund redemption requests re-emerge.” And just like that, hedge fund redemption requests re-emerge … Read more
What Comes After Trump is What We Need to be Concerned About
by Martin Armstrong QUESTION: You said you are worried about what comes after Trump you mean after the next four years right? There is no way Trump can lose this election right? Thank You S ANSWER: My concern is not a specific time, but who could possibly replace him as a person. There is nobody I know … Read more
Planned Parenthood paid for prostitutes for staff, donors and guests who attended official functions.
Planned Parenthood paid for prostitutes for staff, donors and guests who attended official functions. https://t.co/NrE9YjVIeL — Praying Medic (@prayingmedic) June 4, 2019 A major British charity handed huge sums in foreign aid by the Government is alleged to have overseen the hiring of prostitutes for staff, donors and guests attending official functions. International Planned Parenthood Federation (IPPF), … Read more
Economic Chaos Erupts! – Global Manufacturing Plunges, The Trade War Expands And The Nasdaq Enters Correction Territory
by Michael Snyder The global economic slowdown is really starting to accelerate. Just within the past few days, we have gotten more really awful global manufacturing numbers, the trade war has expanded to more nations, and the Nasdaq has officially entered correction territory. We have not witnessed this sort of global economic environment since the … Read more
Due To Cataclysmic Flooding, Millions Upon Millions Of Acres Of U.S. Farmland Will Not Be Planted With Crops This Year
by Michael Snyder It looks like 2019 could be the worst year for U.S. agriculture in modern American history by a very wide margin. As you will see below, millions upon millions of acres of U.S. farmland will go unused this year due to cataclysmic flooding. And many of the farmers that did manage to … Read more
FANGMAN Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” into Google, Apple, Facebook, Amazon
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter My fancy-schmancy FANGMAN index dropped 4.3% today, the most since December 24. It’s a rare moment in recent years that US government regulators are suddenly going after four tech and social media giants simultaneously – Facebook, Amazon, Google, and Apple. These four companies are part of my FANGMAN index that also includes … Read more
Chinese Dating Apps Targeting Americans Expose 42.5 Million Records
via zerohedge: On May 25th, security researcher Jeremiah Fowler discovered an unsecured Elastic database associated with an entity in China had exposed 42.5 million records of mostly American dating app users. Fowler noticed an I.P. address, located on a U.S. server with many of the users based in North America. He examined the sever even closer and … Read more
CTAs Are Now Shorting The Russell And It’s Only A Matter Of Time Before They Turn Short On The S&P 500
via zerohege: Yesterday, when observing the latest equity fund flows, we showed two striking charts: according to Deutsche Bank, equity funds have now seen outflows of -$132bn YTD and -$237bn since December. This means that outflows over the last 6 months in dollar terms have now been larger than over any prior 6-month period. There was a … Read more
