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Tens of thousands of poor children — all of them American citizens or legal residents — could lose their housing under a new rule proposed Friday by the Trump administration. The rule is intended to prevent people who are in the country illegally from receiving federal housing aid, which the administration argues should go to … Read more
FBI Director James Comey on Monday said that neither the FBI or the Department of Justice had evidence to support President Donald Trump’s claim that President Barack Obama wiretapped his phones during the 2016 election.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Straggler behind the Fed and the ECB gets the drift. Total assets on the balance sheet of the Bank of Japan at the end of April ticked up from March but were flat with the record in February: ¥562 trillion ($5.1 trillion). This amounts to a gigantic 102.2% of nominal GDP. But the … Read more
by Chris Kimble Could the Dow and the S&P both be triple topping at the same time? Possible says Joe Friday This 2-pack looks at the Dow ETF (DIA) and the Equal Weight S&P ETF (SPY) over the past 18-months. Joe Friday Just The Facts Ma’am- Each could be triple topping at the January 2018 highs and breaking below … Read more
The Cuban government announced Friday that it is launching widespread rationing of chicken, eggs, rice, beans, soap and other basic products in the face of a grave economic crisis. Commerce Minister Betsy Díaz Velázquez told the state-run Cuban News Agency that various forms of rationing would be employed in order to deal with shortages of staple foods. … Read more
via reason: I am currently finishing a book on the idea of constitutional crisis, the role it has played in recent American politics, and the ways in which it might be helpful in understanding the American constitutional experience. (I have written about the notion before; you can get a taste here and here.) As a result, I have mixed … Read more
By David Stockman According to Moody’s Investors Service, the now $3.9 trillion ETF industry could result in a toxic feedback loop of selling when market makers step away from supporting assets during market turmoil….. see the ETFlash crash of August 2015, when massive dislocations among countless ETFs resulted in the the broad halt of the overall stock … Read more
Source: Isabel Dos Santos Unitel Instagram The Angolan telecom industry is driving change and development through one of its premier corporations, Unitel. The chairwoman at Unitel, Isabel Dos Santos was re-elected to the board in March 2019 with an ambitious agenda of growth and infrastructure development for Angola. Unitel S.A. is the leading provider … Read more
President Trump’s tariffs, once described as negotiating tools, may be here to stay The failure of the United States and China to reach agreement Friday on a comprehensive trade deal raises the possibility that President Donald Trump’s favorite negotiating tool – high tariffs on imported goods – may be hardening into a permanent feature of … Read more
https://www.youtube.com/watch?v=nue0czizvzs
via Otavio (Tavi) Costa: – Global export volume growth contracting; – Asia exports plunging and significantly diverging from global stocks; – 85% of Hong Kong yield curve inverted; https://www.youtube.com/watch?time_continue=2&v=8Se7NcFR2Qo
via CNBC: Investors pulled $20.5 billion from global equity funds in the week that ended Wednesday. Stock outflows have reached $116 billion this year. $7.3 billion flowed into bonds in the last week. Investors pulled more than $20.5 billion from global equities in the past week, showing the impact of trade tensions between the U.S. … Read more
via Yahoo: (Bloomberg) — A decade ago, Angelo Mozilo was the face of the housing bust that preceded the financial crisis. Now the former chief executive officer of Countrywide Financial Corp. is predicting another drop, and for some homeowners it may be even worse. High-end properties in coastal U.S. states may fall as much as … Read more
by northmantrader In rare moments markets face major event risk, in even rarer moments the event risk is well advertised in advance and the risk implies massive potential moves in either direction. Markets are faced with such a moment right now: The outcome of the China negotiations. Ever since Donald Trump tweeted out new tariff threats … Read more
by confoundedinterest17 Here we go again. The 10-year – 3-month Treasury curve has turned negative again.
Authored by Bryce Coward via Knowledge Leaders Capital blog, The announced tariffs have come at a rather inopportune time, economically speaking. Back in 2018 when the US was slapping tariffs on washer machines and solar panels (January ’18), steel and aluminum (March ’18) and Chinese goods broadly (July ’18) the economy looked to be strong … Read more
via @chigrl: Global Trade Is Contracting For the First Time Since 2016
If they lied to DOJ IG investigators,that's game over. — Brian Cates – Political Columnist & Pundit (@drawandstrike) May 10, 2019 Digenova states that Horowitz found that THREE FISA renewals were obtained ILLEGALLY. That’s right – he states ILLEGALLY. — Tracy Beanz (@tracybeanz) May 10, 2019 Joe Digenova shared the conclusion of the OIG report … Read more