Certain parts of the stock market are being hammered. What this means for the S&P

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by Troy While the stock market remains close to all-time highs, certain sectors and markets that are more closely related to global trade (trade war!) are being hammered. This highlights a clear dichotomy that is evident among many indicators. Today’s headlines: Improving Citigroup Economic Surprise Index Boom-Bust Barometer – bust? Semiconductors have crashed Dr. Copper … Read more

World’s Top Oil Firms Combined Q1 Profits Shrink 4%

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By Tsvetana Paraskova Rising U.S. production weighed on oil prices in the first quarter compared to the same period last year, and those lower prices, combined with weak refining margins, impacted the revenues and net profits of many of the world’s largest listed companies in the oil industry. According to data compiled by Anadolu Agency from the … Read more

In Money We Trust?

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by John Stossel Look at the dollar bills in your wallet. They say they are “legal tender for all debts.” But are they? What makes them valuable? What makes them worth anything? Each bill says, “In God We Trust.” But God won’t guarantee their value. The $20 bill depicts the White House. Congress is on $50s. … Read more

Another Breadth Warning For Stocks

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by jessefelder Back in September I noted there was a historic streak in Hindenburg Omens triggering on the New York Stock Exchange. Shortly afterward the stock market embarked on its steep fourth quarter plunge. Last week the NYSE triggered another Hindenburg Omen. And while this one has yet to become a cluster it’s probably important to note … Read more

Subprime Profit-Machine Hiccups: Credit-Card Charge-Offs Rise Across Banking System

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Impact felt by the real economy and the most vulnerable consumers. In the first quarter, the credit-card “charge-off” rate at the 4,650 or so smaller US commercial banks – all banks other than the largest 100 banks – ticked down to 7.37%, the sixth quarter in a row above 7%. During … Read more

UN REPORT WARNS: ‘Millions To Be Affected By Food Crisis in 2019’—Devastation To Strike America?

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For More Information See and Links See: https://reliefweb.int/sites/reliefweb.int/files/resources/GRFC_2019-Full_Report.pdf http://themostimportantnews.com/archives/floods-and-drought-devastate-crops-all-over-the-planet-could-a-global-food-crisis-be-coming https://www.theguardian.com/australia-news/2019/may/15/australia-to-import-wheat-for-first-time-in-12-years-as-drought-eats-into-grain-production https://thedailyguardian.net/local-news/capiz-loses-p350m-in-rice-crops-due-to-drought/ https://www.indiatimes.com/technology/science-and-future/tasty-maggot-sausages-could-be-answer-to-world-s-growing-food-crisis-researchers-suggest-366577.html https://www.independent.co.uk/news/world/asia/china-pig-crisis-african-swine-fever-impact-entire-world-meat-prices-a8889316.html http://themostimportantnews.com/archives/as-many-as-a-million-calves-lost-in-nebraska-beef-prices-in-the-u-s-to-escalate-dramatically-in-the-coming-months http://themostimportantnews.com/archives/total-catastrophe-for-u-s-corn-production-only-30-of-u-s-corn-fields-have-been-planted-5-year-average-is-66 https://www.accuweather.com/en/weather-news/accuweather-predicts-smaller-corn-and-soybean-yields-in-2019-as-wet-weather-persists/70008328 https://www.usnews.com/news/world-report/articles/2019-05-15/north-korea-suffering-historic-drought-amid-severe-food-shortage    

The Financial CRISIS & The Storm That Follows! – The END Of Freedom with G. Edward Griffin

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Josh Sigurdson talks with author G. Edward Griffin about multiple issues starting with the coming great financial crisis and the domino effect to come. While we talk a lot about the inevitable collapse of the US dollar among other fiat currencies throughout the world as well as the bubbles growing unsustainable and showing the signs … Read more

France Threatens Journalists With Jail Time For Exposing Government Lies About Yemen

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Via Middle East Eye, France has threatened three French journalists with potential jail time for using secret documents to reveal the country’s involvement in the Yemen civil war.  In a series of reports published in April, investigative journalists from Disclose and Radio France revealed the number of French arms sold to Saudi Arabia and the United Arab Emirates.  … Read more

The Regulatory-Industrial Complex: Short-Circuiting The Market With Govt Privileges

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by Lew Rockwell from Mises Institute Socialists want socialism for everyone else, but capitalism for themselves, while capitalists want capitalism for everyone else, but socialism for themselves. Neither Ted Kennedy nor Jane Fonda practices a vow of poverty, nor are they taking any homeless into their mansions, while too many big companies try to short-circuit the market with … Read more

Loretta Lynch says Comey lied when he claimed she told him to downplay Clinton email probe

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by DCG Tough call on which lying hack you are to believe… From Daily Mail: Former Attorney General Loretta Lynch told investigators she did not ask former FBI Director James Comey to refer to the Hillary Clinton email review as a ‘matter’ instead of an ‘investigation,’ according to a transcript released Monday night. Comey claimed in his 2017 … Read more

FITTON: PRESSING for the secret FBI chart of potential Hillary Clinton crimes. Judicial Watch sues in federal court….

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by TFittonJW (Washington, DC) — Judicial Watch announced today it filed a Freedom of Information Act (FOIA) lawsuit against the Department of Justice seeking draft copies of FBI charts containing information on potential “statutory violations” committed by Hillary Clinton in the former secretary of State’s use of a non-secure, non-government email server to conduct government business. … Read more