The Ferocity of This Market Sell-Off Eclipses Even the Christmas Eve Rout
It’s not the size of the decline but the speed with which investors are hitting sell buttons. At one point today some 89 percent of stocks on the New York Stock Exchange traded in the red, surpassing the threshold reached Dec. 24, when a 2.7 percent rout in the S&P 500 pushed the gauge to … Read more
Jeff Ferry – Final China Showdown Happening Now
from Financial Survival Network Jeff Ferry is Research Director at the Coalition for a Prosperous America… Trade Deficit Improves 3.4% as China Deficit Hits Best Level in 23 Months. Now Trump has imposed 25% tariffs on $200 billion of Chinese goods. There’s more to come and Trump isn’t backing down. On brighter news, the U.S. trade deficit in … Read more
New Federal Legislation Requires Full Audit of America’s Gold Reserves
by Money Metals Washington, DC (May 8, 2019) – U.S. Representative Alex Mooney (R-WV) introduced legislation this week to provide for the first audit of United States gold reserves since the Eisenhower Administration. The Gold Reserve Transparency Act (H.R. 2559) – backed by the Sound Money Defense League and government accountability advocates – directs the Comptroller of the United … Read more
Microsoft is set to release a new version of Word that uses artificial intelligence to make your writing ‘politically correct’…. wants electronic access to the votes
Microsoft is set to release a new version of Word that uses artificial intelligence to make your writing ‘politically correct’.https://t.co/IOn8LZmJj8 — Paul Joseph Watson (@PrisonPlanet) May 9, 2019 New features will screen out ‘offensive’ language. Microsoft is set to release a new version of Word that uses artificial intelligence to make your writing ‘politically correct’. … Read more
How to force Google to automatically delete the information it saves about what you do online
via CNBC: Google began rolling out a feature this week that will automatically delete some of the data it has on you after either 18 months or after 3 months. This means it won’t have any data from before that time, and it will continue to automatically delete any private information that’s older. We’ll show … Read more
Sean Hannity Just Put The ENTIRE Democratic Media On Notice
Jim Hoft from The Gateway Pundit reports, For the past year FOX News host Sean Hannity has been investigating and reporting on the Obama deep state spying on the Trump campaign in the 2016 election. https://www.youtube.com/watch?v=RJ7Eapgusmk Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019/05/sean-hannity-democrats-are-going-to-be-hit-so-hard-with-spying-scandal-their-newsrooms-will-be-shaking-video/
Brutal Winter Exit & Cold Start to Spring 2019
Extreme cold and floods events leading into spring 2019 have left parts of our globe unable to plant this years crops, how did we go from all time record cold to all time record floods, here is what the corporate media overlooked along thee way into spring of 2019. (796) Winds Across our Earth Have … Read more
“The Biggest Issue In The World Today” Is Gold Price Manipulation – Chris Powell Of Gata
by GoldCore GOLD SUPPRESSION is “the BIGGEST ISSUE in the WORLD … it involves the valuation of all capital, labor, goods and services in the world and these valuations are being set in a really imperialistic and totalitarian way and not in an open and transparent way and we think that this is evil” … Read more
Global Smartphone Shipments Plunge To Lowest Level In Years
via Zerohedge: Across the world, warning signs are flashing about the state of the economy. Three-fourths of the global economy (per GDP) will experience a slowdown this year. The pause in growth has unquestionably transmitted through the global smartphone industry, sending shipment volumes down 6.6% YoY in 1Q19, according to new data from the International Data … Read more
The Great Unraveling Begins: Distraction, Lies, Infighting, Betrayal
by Charles Hugh-Smith The good news is renewal becomes possible when the entire rotten status quo collapses in a putrid heap. There are two basic pathways to systemic collapse: external shocks or internal decay. The two are not mutually exclusive, of course; it can be argued that the most common path is internal decay weakens the … Read more
This Major Media Outlet Going Through Major Layoffs
https://www.youtube.com/watch?v=gjbFsuDJc_M AT&T is having layoffs. And AT&T now owns time warner, and CNN.
Moves In Gold & Silver Will Be 1970s On Stilts
by Egon von Greyerz My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever. But I hope it will never be achieved. When gold goes to $10,000, it won’t be under the same circumstances that we saw in the 1970s. Gold … Read more
Trump Spooks Global Markets: China “Broke The Deal. They Can’t Do That, So They’ll Be Paying.”
by Michael Snyder It sure looks like nothing can stop the trade war now, and that could potentially be absolutely disastrous for the global economy. The last major trade war began in 1930, and it turned an economic downturn into the Great Depression of the 1930s. But without a doubt something needed to be done about … Read more
The Most Medicated Country In The World: 46% Of Americans Have Taken A Pharmaceutical Drug Within The Last 30 Days
by Michael Snyder If it seems like about half the country is on drugs, that is because it is actually true. According to a new survey from the National Center for Health Statistics, almost half of all Americans have taken a pharmaceutical drug within the past 30 days, and that officially makes us “the most medicated … Read more
The leveraged loans are about 80% above the ’08 high
The leveraged loans, also known as "widow-making pieces of crap Loans", as blossoming. Notice they are only about 80% above the '08 high, so we're probably OK for awhile… pic.twitter.com/c6ouZX7bMF — Dave Collum (@DavidBCollum) May 7, 2019 pic.twitter.com/SekPVFVI2Y — M/1_LP (@MI_Investments) May 8, 2019
Fed funds rate vs. Shibor spread is now at its highest level since the global financial crisis.
via @TaviCosta: At that time USDCNY exchange rate was at 7.25! Today, it’s only 6.79. This divergence in monetary policy puts tremendous pressure on the PBOC to devalue its currency. Honest question: If Chinese growth is picking up again, why is the $CNY share of global payments via swift declining year to date? It’s now below … Read more
Market Cap per Employee…
Market Cap per Employee…Netflix: $23 millionFacebook: $14 millionGoogle: $7.9 millionTwitter: $7.6 millionMicrosoft: $7.3 millionApple: $7.1 millionExxon Mobil: $4.6 millionAmazon: $1.5 millionJP Morgan: $1.4 millionBerkshire Hathaway: $1.3 millionWalmart: $130k — Charlie Bilello (@charliebilello) May 8, 2019
It would take 74 years for Chinese and Hong Kong stocks to pay back their liabilities from free cash flow!
via @TaviCosta: Even worse than countries like Argentina & Greece. Talk about dumping capital into massively unproductive assets.