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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
by Simon Black Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following: Chicago police run a vehicle impound racket Imagine dropping your car off at the local mechanic because you need to get your engine tuned up. A few days later … Read more
by Ryan McMaken of Mises Wire Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez unveiled sweeping new legislation on Thursday that would impose a federal cap of 15% on credit-card interest rates. The bill would also allow state governments to set interest-rate ceilings even lower than the federal mandate. Naturally, Sanders and Ocasio-Cortez are framing the bill as something designed … Read more
by Lance Roberts Market Review & Update As we discussed last Saturday it was important for the markets to hold within to consolidation band, or break out to the upside, if the bulls were going to maintain control of prices in the short-term. The return of “Tariff Man” put the markets back on edge. As I noted then: “The … Read more
by TrailDust Why argue a point when eye witnesses can speak with more authority?
by John Ward The United Kingdom is suffering from severe disunity because the usual 3% of suspects promote greedy domestic policies completely influenced by their equally cowardly foreign relationships. The best way out of this self-feeding cannibalism is to dump alliances, and trade (like Switzerland) on high-margin craftsmanship alongside sophisticated financial services. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ As the Buddhists … Read more
Betsy and Thomas discuss three hot topics: Did Mueller hire Fusion GPS to write part of the Ca-Ca Dossier? Trump calls out John Kerry for Logan Act violations. Bill Barr is raising the bar his position as attorney general. The propaganda article by Paul Sperry can be found here: https://www.realclearinvestigations.c…
Money Quote Snippets: /way less than 50 percent, for information only…. charges of funneling millions of dollars in foreign money to then President Obama’s 2012 re-election ensnared both Republican and Democratic fundraisers. around $2 million to support Mr. Obama’s campaign. $100,000 donation in December 2017 to the Trump Victory committee former Goldman Sachs managing director was extradited https://www.wsj.com/articles/former-rap-artist-indicted-for-obama-2012-campaign-donations-11557522077 ************************************* Billions involved and this … Read more
Talk Digital Network, Released on 5/9/19 Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog: http://www.jugglingdynamite.com. Danielle worked as an attorney … Read more
https://www.youtube.com/watch?v=AjvbqGuS0tU They should be summarily removed from office because their argument are nonsense as they are. AC
via twitchy: There’s a lede that the media will probably not go with, and that’s “Democrats who bought $75,000 cars with help of big taxpayer subsidies are complaining about a proposed tax increase that would affect them.” Insert Occupy Wall Street-era Libertarian Party ad here: h/t ED
by Chris Kimble Crude oil prices tend to offer a good general barometer for the global economy. More specifically, it is the trend of crude oil that matters. When demand is high and the economy is strong, crude oil prices tend to move higher… and the trend tends to be “up”. And this tends to be a … Read more