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Lacy said he has never shown the next chart before. Adding, there are certain things in economics that “hold true.” This is one of the most important charts in economics: The green line shows the national savings rate. It is currently at 3%. It is historically 6%. We are running half of normal. The shaded area … Read more
via calculatedriskblog: From the Chicago Fed: Index Points to Slower Economic Growth in April Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in April from +0.05 in March. Three of the four broad categories of indicators that make up the index decreased from March, and two of the four categories … Read more
via @TaviCosta: One of the many cracks in a debt-loaded economy near implosion. Alligator jaws always snap shut.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Tesla is steeped in chaos – and chaos is absolutely the opposite what a complex manufacturing, distribution, and retail operation needs. When bonds dive, it’s a bad sign. And Tesla’s bonds dove today to new all-time lows, and the yield spiked to new highs. In August 2017, Tesla sold $1.8 billion … Read more
Do you think it is in the best interests of the media and government to always make things seem better than they are so people don’t panic? Looking at the real scenario we have in front of us presents us with severe challenges. There doesn’t seem to be any way out of this mess at … Read more
https://twitter.com/OccupyWisdom/status/1130497584005558278
Markets are largely pricing in the likelihood of some sort of trade deal, despite the fact that the U.S. & China appear to be hardening their stances. A May @BofAML survey shows 85% of credit investors expect a deal on trade while only 10% expect escalation into trade war. — Lisa Abramowicz (@lisaabramowicz1) May 20, … Read more
by Ritwikb2 Hey guys, Bear with me, as this is somewhat a long story. TL;DR at the bottom. I purchased an Apple Watch Series 4 for $485 from Amazon March 24th 2019. I shipped it to an Amazon locker(We’ll call this “Watch Number 1”). When I picked it up at the Amazon locker, I decided … Read more
by justathoughtfromme For minors, it’s generally required for a parent to co-sign their bank accounts. Once you turn 18, it’s best to establish an account in your name ONLY, so you have sole control of it. It would even be better if you can establish the account at a different bank/credit union than the one … Read more
Total U.S. household debt is now $993 billion higher than the peak of $12.68 trillion in the third quarter of 2008, according to a new report by the New York Fed. According to the Fed’s Quarterly Report on Household Debt and Credit, household debt increased for the 19th consecutive quarter to $13.67 trillion and was “boosted … Read more
paul joseph watson breaks down the eu bullsh*t and brexit well worth a watch. he lays it all out very eloquently, as usual. AC
The leftist are attacking with milkshakes, Tommy Robinson got done twice and now old nigey boy got splattered. AC
Ford is restructuring and laying off middle management globally. The company is removing bureaucracy and increasing the number of workers that report to managers. Farmers will be able to do business with Canada and Mexico. Chicago Fed says economic index falling. The [CB] is losing speed, Trump will begin to push the Fed towards lower … Read more
The trade war with China could cause prices to rise on everything from toys to clothing, but it also could lead to “widespread store closures,” according to a report by UBS. “Tariffs could cause over half of this change in one year, rather than four,” Sole wrote, adding this is just publicly traded companies and … Read more
The MSM is now going after Trumps finances, Trump calls them out. UK intelligence were briefed early on. EH panicks and goes after Barr, Sol Wisenberg hits back. Trump calls out that Biden should be investigated regarding China. Justin Amash has business with China.Trey Gowdy hints of docs that American’s need to see. Meadows says … Read more
by Amy S. The proxy war with Iran militias in Iraq will kick off the recession which will last a long time. Get Ready For Negative Interest Rates When Next Recession Hits Wall Street is still hung up on whether the Federal Reserve will or will not raise interest rates further this year, y et for … Read more
Via Bloomberg The Class of 2019 is getting ready to enter one hot job market. And grads with a background in slicing and dicing data have an edge. Data scientist was the highest-paying entry-level job last year, according to Glassdoor research. Young adults in this field earned a median annual base salary of $95,000. That’s higher than young … Read more
Watch the latest video at foxnews.com A former Bernie Sanders campaign staffer has filed a racial discrimination lawsuit against the pro-Sanders group, Our Revolution. On “Fox & Friends” Monday, Tezlyn Figaro, who served as director for racial justice issues on the Sanders campaign in 2016, said she and others have been “concerned for years with issues … Read more
via hotair: Back when Philadelphia decided to join the ranks of liberal cities fleecing its inhabitants with a soda tax to “improve their health,” we predicted here that it was going to backfire. The effects were felt almost immediately when workers starting losing their jobs at Pepsi. But still, they persevered and stuck with it. Surely people would start … Read more
By Jon LeSage If China follows through on its retaliatory threat of raising U.S. liquefied natural gas (LNG) tariffs from 10 to 25 percent, U.S. exports will be hit hard — but another country is waiting to gain from it. Australia is poised to fill the gap for China, with its booming LNG sector well positioned. Last year, … Read more