ECRI Weekly Leading Economic Indicator

via advisorperspectives: This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.0, down 1.5 from the previous week. Year-over-year the four-week moving average of the indicator is now at -0.70%, up from last week and its highest in 23 weeks. The WLI Growth indicator is now at 1.35, … Read more

Bill Marshall: Top FBI Official Admits Under Oath That Obama White House Hid Elicit Clinton Emails

Around 8:15 in the video: “I think the implication is that President Obama was fully aware that his Secretary of State was using an unclassified system to traffic classified information. And that would implicate him in any prosecution of Hillary Clinton. And I believe that is the ultimate reason and although there are many because … Read more

Is there FOMO in the stock market?

by Troy The S&P is up 14 of the past 18 weeks. The NASDAQ is up 16 of the past 18 weeks. There is a sense of FOMO in the air. Meanwhile, real GDP growth remains solid, which directly flies in the face of the “economy is terrible” narrative. Go here to understand our fundamentals-driven long … Read more

“DHS Issues Waiver to Expedite Border Wall Projects in Yuma & El Paso” & Arizona (DHS.GOV)

The Department of Homeland Security (DHS) issued two waivers, which will ensure expeditious construction of new bollard wall within the U.S. Border Patrol’s Yuma and El Paso sectors in Arizona and Texas. The projects covered by the waivers include up to approximately 53 miles of new bollard wall in place of dilapidated and outdated designs, … Read more

Sally Pipes – Medicare for All, Healthcare for None

from Financial Survival Network Sally C. Pipes is president and chief executive officer of the Pacific Research Institute, and the author of The False Promise of Single-Payer Health Care. It always ends the same. Keep giving stuff away until there’s nothing else to give. Sally Pipes does an analysis of the latest crop of democrat presidential nominees and comes … Read more

Record high: 1 in 4 U.S. adults had no sex in a year

by Dr. Eowyn Something interesting is happening in America. Fox News reports, March 30, 2019, that the latest data from the General Social Survey found that the number of American adults who said they have not had sex in the past year hit a record high in 2018 — 23% or nearly 1 in 4 adults. The phenomenon is especially notable among young men. … Read more

Incredible Viral Video Showing Monkey Intelligently Swiping Through Photos On Instagram Just Like A Human Does

by Geoffrey Grider There’s a video going viral this week of a chimpanzee idly scrolling an Instagram feed on a smartphone. It flicks through the feed, selects a photo or video, takes it in, and then goes back to the feed. Yeah, this is cute and funny and all that, but should we really be laughing at it? … Read more

Jim Rickards: The Fight For 2020 Has Begun And The Impact On Markets Will Be Profound

by Jim Rickards via Daily Reckoning The focus of the anti-Trump forces has shifted. Trump was not removed from office as his opponents had hoped. And the long-awaited Mueller report on “collusion” by Trump with Russia has turned out to be an anticlimax showing no collusion. In fact, Trump is on track to complete a mainly successful first … Read more

From Your Funds To The Contents Of That Safety Deposit Box: NOTHING In The Bank Is Yours

Will Lehr interviewed on Reluctant Preppers “Safe as Money in the Bank?” Thanks to the carefully managed facade of solidity and stability, you are likely to believe that what you deposited into your bank account or safe deposit box belongs to you….but does it? What if you found out that the official rules have been steadily … Read more

This was a low-quality GDP report. All one-offs – lower imports, higher inventories & Pentagon spending.

This was a low-quality GDP report. All one-offs – lower imports, higher inventories & Pentagon spending. Real final private sales a puny 1.3%. Removing more lipstick from this pig shows cyclically-adjusted GDP contracting at a 2% annual rate; deepest decline in nearly a decade . — David Rosenberg (@EconguyRosie) April 26, 2019 The GDP Report … Read more