MONSTROUS Abuse of Power: Investigate Mueller political attack on President Trump; New Docs show FBI helped Hillary Clinton just before the election; AND Hillary Knew

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by TFittonJW Trying to smile in the face of the corrupt attack on the Republic: (Washington, DC)– Judicial Watch today released the deposition transcript of Eric Boswell, the former Assistant Secretary of State for Diplomatic Security during Hillary Clinton’s tenure as Secretary of State, in which he reveals that Hillary Clinton was warned twice against using unsecure … Read more

American Consumers Prop Up the Economy. Wall Street Clamors for Multiple Rate Cuts. Fed Blows Off Wall Street

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The economy is in a “very good place,” says Trump’s man at the Fed. And the Fed’s favorite inflation measure ticks up. The Fed’s message has been that it may consider cutting rates if the economy deteriorates, or if inflation falls further, but the economy is currently in a “very good … Read more

Dow 25,000! Oops…

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Nasdaq down 8.7% in May. S&P 500 back to Jan 2018. Russell 2000 down 15.7% from peak, back to Sep 2017. FANGMAN except Microsoft get creamed. Stocks were already gunning for the worst May since 2010 when, on the evening before the last trading day, Trump tweeted that he would impose … Read more

No 2h19 rebound?

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"Our Leading Earnings Indicator Paints a Concerning Picture of Earnings Growth" (so no 2h19 rebound?) pic.twitter.com/bzGUYkCMXz — Alastair (@StockBoardAsset) June 1, 2019 US Treasury 10yr is 2.157% or -34bps vs the Fed Fund Upper Rate of 2.5% & look at the last time it did that 🥶 You're prolly wondering why? Look at the Asian … Read more

Seeking Alpha Article Spreads Rumor, Pumps Stock 400% Then Gets Deleted

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by Stocks45 FAKE NEWS? OBLN Gets Pumped On Seekingalpha According to Tanzeel Akhtar  of Benzinga, the reason for OBLN’s sudden price increase was due to a rumor started on SeekingAlpha which claimed Johnson and Johnson was considering buying OBLN for $8.00 per share. The article has since been removed, which raises some red flags. Also, if you … Read more

Will Chinese Tech Giants (alipay, we chat) enter our banking system? Bloomberg Thinks so!

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You don’t need to watch the video or response: Essentially the argument is China has switched to a cashless economy and will the U.S. Arguments for why the US will: 1) China has, fees are lower (Bloomberg released this video on May 20th https://www.youtube.com/watch?v=SJh_Uir5EMI&t=1s and https://www.bloomberg.com/graphics/2018-payment-systems-china-usa/) Arguments against 1) Banks are quite powerful 2) American consumer is a … Read more

China Threatens Sweeping Blacklist of Firms After Huawei Ban [Bloomberg]

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“China said it will establish a list of so-called “unreliable” entities it says damage the interests of domestic companies, a sweeping order that could potentially affect thousands of foreign firms as tensions escalate after the U.S. blacklisted Huawei Technologies Co.” ​ At this point in time this is just posturing since they haven’t actually done anything yet … Read more

World stocks at critical support – if level breaks, further downside coming

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world stocks at critical support – if level breaks, further downside coming pic.twitter.com/M2wq1jm9vk — Alastair (@StockBoardAsset) May 31, 2019 the global slowdown is real – america is not an economic island pic.twitter.com/2OTmZKQpJY — Alastair (@StockBoardAsset) May 30, 2019 and down we go pic.twitter.com/lnpegUsKcv — Alastair (@StockBoardAsset) May 30, 2019

TRADE WAR

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via @OccupyWisdom: I. TRADE WAR THREAD Why tariffs? 1/ China has manipulated global markets for the past 3 decades with a cheap currency. This was how China was able to completely corner the world’s export market. 2/ Through dominating the export market, they have gone from irrelevant to the 2nd   II. largest economy on earth. … Read more

We Are In A Crash

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via @RealDavidJensen: It is on – that is the bottom line. #Fed suddenly cut the Money Supply (TMS) in 2017 just like 2000 & 2007 & now the crash begins after 1 – 2 yrs. GDP, PMI, Inventories, dropping Treasury yields, etc. just lagging indicators. #markets #Finance #fx #EndTheFed Not just #bond yields caving. 2,000 share … Read more