How Exactly Do MANY Months Of “Trade Deal, No Deal” Flip-Flopping Make America Great Again?

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via silverdoctors: American farmers are struggling more than ever. Small U.S. businesses can’t plan for the future. Consumers are facing much higher prices. Exactly how is all of this trade deal flip-flopping making America great again? I mean, one month we have a deal, one month we don’t have a deal, one week Trump is ready … Read more

Seven Banks Face EU Antitrust Fines For Forex Rigging, Sources Tell Reuters

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Barclays, Citigroup, HSBC, JPMorgan, and three other banks are set to… by Chris Powell of the Gold Anti-Trust Action Committee (GATA) By Foo Yun Chee Reuters Thursday, May 9, 2019 BRUSSELS, Belgium — Barclays, Citigroup, HSBC, JPMorgan, and three other banks are set to be fined by European Union antitrust regulators in coming weeks for rigging the multi-trillion dollar … Read more

FITTON:MONSTER Docs Find: Obama WH Tied To Clinton Email Cover-Up

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by TFittonJW Big results from Judicial Watch discovery in Clinton email “matter”: ‘WH called – have we received a FOIA request’ – State Department  (Washington, DC) – Judicial Watch announced today that it obtained 44 pages of records from the State Department through court-ordered discovery revealing that the Obama White House was tracking a December 2012 Freedom of Information Act … Read more

Congress – Barr & Abuse of Power

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by Martin Armstrong The House Judiciary Committee voted Wednesday to hold Attorney General William Barr in contempt for refusing to turn over an unredacted version of the Russia report after an acrimonious session underscoring the country’s widening political divide. Naturally, the vote was 24-16 along party lines. House Democrats are using the legal process to … Read more

Moving from QE to Just Monetizing Government

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by Martin Armstrong QUESTION: Mr, Armstrong; Why the push for lower interest rates again in developed markets? You have stated the QE has been a total failure. Are they incapable of doing anything else? KE ANSWER: We are switching from QE to a new reality of budget management. If interest rates rise on government bonds, the budget … Read more

NY stores going out of business

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https://www.youtube.com/watch?v=Nvlp8LBfxHk Retail bankruptcies and store closures are mounting at an alarming rate with nearly 6,000 store closures announced so far this year, due in part to the rise of online shopping. RT America’s Trinity Chavez reports on the trend for the News with Rick Sanchez.

It Is Being Projected That U.S. Consumers Will “Pay 40% To 85% More For Vine-Ripe And Other Fresh Tomatoes” By The End Of 2019

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by Michael Snyder It has been quite a year.  In March, catastrophic flooding in the Midwest absolutely crippled thousands of farms and “as many as a million calves” were lost in Nebraska alone.  Then in April we learned that African Swine Fever has wiped out “150-200 million pigs” in China.  To put that in perspective, that is more pigs … Read more

ITR: US Debt Will Lead Us Into Another Great Depression

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by FS The good news: A U.S. economic recession has been delayed for another few years. The bad news: We could be looking at another Great Depression in 10 years. That’s the outlook according to ITR Economics, the oldest privately held, continuously operating economic research and consulting firm in the U.S. Lauren Saidel-Baker, an economist for … Read more

Things you should know – Consolidated best-practice tips that should be part of your common knowledge

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by yes_its_him A higher tax bracket due to a raise doesn’t offset the whole raise, since the higher rate applies only to the amount in the new bracket. (You might lose some income-limited deductions, though.) Likewise, all employment income goes in one bucket to determine tax liability. Your overtime / bonus is taxed the same … Read more

Student Loan Interest Reduction

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For the first time in three years, the interest rates on Federal student loans will decrease anywhere from seven to ten percent depending on the loan type. This will take effect for new Federal student loan borrowers after July 1, 2019. Federal student loans are typically the lowest cost borrowing option for students, and these interest … Read more

Was Blue Apron the worst IPO ever?

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Shares of meal-kit delivery company Blue Apron declined below $1 this week for the first time, making it one of the worst well-known IPOs of recent years. The company went public in a deal that valued the start-up at $10 per share and close to $2 billion in June 2017. There were warning signs: the … Read more

Chart of tech companies’ valuations from seed to IPO, dot-com boom to now

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Chart: https://imgur.com/iEhmmxd Source with a lot of interesting charts: Uber Is Going Public: How Today’s Tech I.P.O.s Differ From the Dot-Com Boom Not since the dot-com boom have so many richly valued tech companies gone public in such short succession: Lyft and Pinterest are now trading shares, and soon Slack, WeWork and Palantir are expected to follow. … Read more

In July, I Stuck My Neck Out to See a Housing Market Turning Point in San Francisco Bay Area’s Sonoma County: Here’s an Update on My Neck

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Now even the surface of the market has softened, not just the underlying dynamics. Back in August 2018, I stuck my neck out and said that the housing market in Sonoma County in the San Francisco Bay Area had experienced a turning point in July, based on data and boots-on-the-ground observations by … Read more

New Housing Data Warns The Era Of Double-Digit Home Price Gains Is Over

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via Zerohedge: Following last month’s disastrous starts and permits data, Tuesday’s release of the S&P/Case–Shiller US National Home Price Index hinted at a nasty slowdown in all 20 metropolitan regions the index tracks, indicating that the era of double-digit growth is coming to an end. Case-Shiller’s 20-City Composite expanded at just 3.00% YoY in January (just … Read more