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by Mac Slavo of SHTFplan The wall street bear who claimed that an economic recession in 2019 will be “virtually unavoidable” has doubled down on his assessment. He warning that the corporate buybacks will fuel the next recession. Gluskin Sheff Chief Economist and Strategist David Rosenberg acknowledged that his prediction about the recession may have come a bit … Read more
by Keith Weiner of Monetary-Metals We have deviated, these past several weeks, from matters monetary. We have written a lot about a nonmonetary driver of higher prices—mandatory useless ingredients. The government forces businesses to put ingredients into their products that consumers don’t know about, and don’t want. These useless ingredients, such as ADA-compliant bathrooms and supply chain tracking, … Read more
by John Mauldin By John Mauldin You’ve likely heard of the term “income inequality.” It means wealthy people are making a larger share of our collective income. In one sense, it’s nothing new. The people with the highest incomes have more of the total. Math guarantees it. But the top’s share has largely grown in recent … Read more
Trump explains why the trade deal is not that important at this time. The US is in a fantastic position. There is a plan within the economic plan to maneuver in stealth around the [CB] and take it down. Trump was right on cue with the call to the Fed to lower rates. Xi and … Read more
via rushlimbaugh: RUSH: Thank you very much, sir. CALLER: The sin that those four fellows committed was not being swamp dwellers. They were probably — RUSH: Wait, wait, wait, wait, wait, wait. Hang on. He’s talking about the four people that were innocent that were kept in jail by Mueller so as to protect Whitey Bulger’s … Read more
The Federal Communication Commission announced plans Monday to instruct major phone companies to update their caller ID services to help combat so-called spoofed robocalls. FCC Chairman Ajit Pai will host a summit in July to examine to what degree the industry is implementing new industry-wide standard for caller ID authentication. The new standard is called … Read more
by Larry White of The View From Our Whitehouse Jim Rickards Discusses His New Book – “Aftermath” Readers here know that I have followed Jim Rickards for many years because of his extensive understanding of the issues we cover here and because he has talked about the potential for major monetary system change. That is what this blog … Read more
by John Mauldin In the past few years, I wrote a lot about the unprecedented credit crisis I foresee. I call it “The Great Reset.” I have to add, it isn’t what I think the future should look like or what I want to see. But almost the entire developed world has painted itself into a corner. It might … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Russell 2000 back where it had first been in November 2017. This market, after a historic rally despite declining corporate earnings in the first quarter, was looking for a trigger, any trigger, and it found a trigger, or triggers. But the trade war cannot explain the colossal flops in the over-hyped … Read more
by sundance Curtis Ellis was special advisor to Secretary of Labor Acosta in the Trump administration. He is now an outside government advisor to America-First Policies, an unaffiliated economic advisory board and advocacy group. In this video Ellis walks through the big picture behind the U.S. -vs- China Trade confrontation.
Via Global Macro Monitor, Not as strong as many, including President Trump believes… GDP growth and even the jobs data, including the unemployment rate, though fairly sunny, look deceptively strong and need a deeper look, which we have provided for you over the past few weeks. See here. How Will The Economy Hold Up As Trade War … Read more
via Zerohedge: Unlike the chaotic, disorderly Q4 market selloff which saw the worst performance by professional investors since the financial crisis, there was an almost resigned acceptance to the sharp drop in stocks in the days after Trump reignited the trade war a little over a week ago. There may be a simple reason for … Read more
Via SchiffGold.com, Uber launched its IPO on Friday. It was less than ideal. Meanwhile, the Federal Reserve is talking about how it wants to tweak its quantitative easing program when the next recession rolls around. Peter Schiff talked about how these things relate – and the “writing on the wall” for the economy in his … Read more
via @valuewalk: “Corrections happen during growth-rate cycle slowdowns, they don’t require a recession.” – Lakshman Achuthan, Economic Cycle Research Institute https://valuewalkpremium.com/2019/05/these-high-valuations-are-coming-at-a-time-when-investors-are-heavily-invested-in-stocks/?utm_source=dlvr.it&utm_medium=twitter
by NineteenEighty9 The U.S. Trade Representative’s office Monday released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump has threatened to hit with a 25% tariff. If Trump proceeds with the tariffs, it would see almost all imports from China covered by punitive import … Read more
Comcast has agreed to sell its stake in Hulu in five years to Disney and give up its voting rights immediately. The company could either sell it at a valuation $27.5 billion or whatever Hulu is appraised to be worth in five years. As part of the deal, Disney has agreed to pay Comcast for its … Read more
by TribeIn5 Yesterday I was walking up the stairs to my apartment with bags of groceries and my phone rang, it was an 800 number. I ignored it. They called again right away, I ignored it again. I googled the number to find out it was my bank. I was about to call back and … Read more
Walmart is starting to offer next-day delivery for more than 200,000 items on its website. The retailer’s rollout of next-day delivery will begin in Phoenix, Las Vegas and Southern California, before reaching 75% of the country by the end of the year. Last month, Amazon announced free, one-day delivery becoming a new perk for all … Read more
via marketwatch: Amazon.com Inc. AMZN-0.52% announced Monday the expansion of its Delivery Service Partner program, in which it will now provide up to $10,000 to fund the costs for employees to start and operate a package delivery business. The new incentive program will also include the equivalent of three months of the former employee’s last gross … Read more
US stocks rebound quickly, interesting. Looks like both sides have resources to sustain their will. What's important is neither side should have the illusion they can easily win over the other.After all they're both major powers. Trade game may last longer than many think it will — Hu Xijin 胡锡进 (@HuXijin_GT) May 14, 2019 A … Read more