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via bigthink: 62 percent of cancer patients report being in debt due to their treatment. 55 percent accrue at least $10,000 in debt, while 3 percent file for bankruptcy. Cancer costs exceed $80 billion in America each year. Rebecca Meyer was diagnosed with glioblastoma when she was 5 years old. She fought bravely for 10 months … Read more
Savings rate plunges as more people spend their money. People are using their savings, plus credit cards to spend. The experts were wrong again, the shutdown did not collapse the economy. Trump has changed the laws regarding Dodd-Frank and the Volker Rule and the [CB] refuses to follow the new law. IMF warns of slow … Read more
via readynutrition: Since flood season is upon us, and it’s “unprecedented” this year, it could be helpful to learn how to gain some knowledge and learn to survive a flash flood. If you get caught in your car in a flash flood, knowing the proper steps to take could save your life and the lives of anyone else … Read more
by Martin Armstrong Chicago still just got 2.5 inches of snow cancelling numerous flights. Snowing this late in the season is concerning on our models. As I have warned, the winters will get longer and the summers shorter. This can cause severe reduction in the production of food in the years ahead. The snow over the weekend … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The surprise in the SEC 10-Q filing when no one was supposed to pay attention. Today, when no one was supposed to pay attention any longer, Tesla filed its quarterly report Form 10-Q with the SEC. Tesla had reported “earnings” on April 24, a doozie of a net loss of $702 million. But … Read more
by Jeff Thomas “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig … Read more
Judge wants Foxx to explain the irregularities in the Smollett case. The 2020 Presidential race has begun and the it is filled with corrupt politicians. MSM pushing the idea that people are not going to vote for Trump in the next election. Trump baits the [DS] and it works, they are all out their panicking … Read more
by Troy The S&P 500 has officially made a new all-time high on an intraday HIGH basis. Meanwhile, many traders and pundits have claimed that the stock market rally “doesn’t make any sense”, because so many factors are “diverging from it”. Go here to understand our fundamentals-driven long term outlook. Let’s determine the stock market’s most … Read more
In yet another sign of how the MAGA movement and conservatives are about peaceful debate, a video uploaded by the Proud Boys shows their nearly 10-minute long interaction with veteran comedian Whoopi Goldberg. https://www.thegatewaypundit.com/2019/04/wonderful-whoopi-goldberg-comes-out-to-meet-maga-protesters-at-florida-event-peaceful-debate-follows-video/ Enrique Tarrio, the Chairman of the Proud Boys, applauded members of his group for showing America how to debate ideas in … Read more
Wall St. For Main St., Released on 4/29/19 Jason talks about how desperate EU politicians may be about to walk into a very large debt trap from China 1) China’s Banks Are Running Out of Dollars https://www.wsj.com/articles/chinas-b… 2) Great Financial Crisis Ten Years On: Past Role and Current Risks from China | Anne-Stevenson Yang https://www.hiddenforces.io/podcast/c… 3) Juncker … Read more
via scmp: Central bank circular seen by the Post instructs banks that the provision of services for cryptocurrency trading is ‘strictly prohibited’ The People’s Bank of China has ordered financial institutions to stop providing banking or funding to any activity related to cryptocurrencies, further tightening the noose since its shutdown of crypto exchanges last September sent digital currency … Read more
By David Stockman What we are now seeing, including within Japan, is its rotten harvest. Japanese Industrial Production, maybe the best economic reflation/deflation indicator the last eleven years, continues to sink a quarter of the way through 2019. For those hoping green shoots or growth scare, in March 2019, according to figures released late last … Read more
by northmantrader Occam’s Razor: The simplest explanation is often the best explanation. In this case: The Fed panicked in December and by caving to markets reignited the bubble in a major way and now they are losing control as they are trapped and twisted in their own narratives. No rate hikes until 2020 but markets are … Read more
by Simon Black At the peak of its power in 1350 BC, thousands of years ago, ancient Egypt was like nothing ever seen before. The great Kingdom was thriving under an efficient system of agricultural production and trade with foreign nations. Egyptians had learned to adapt to the natural irrigation of the Nile river to produce … Read more
by Jim Rickards of Daily Reckoning GDP: Fake News The first-quarter GDP number was released this morning. And at 3.2%, it came in far above estimates. Consensus was about 2.3%. It was also the highest Q1 GDP print since 2015. But there’s probably less here than meets the eye. About half the GDP gain came from a surge … Read more
via Zerohedge: The last time we did a closer look at China’s bad debt, a topic that has been particularly sensitive for an economy whose financial sector is now over $40 trillion, was in late 2015 when CLSA stumbled on what we then dubbed China’s “neutron bomb”: Chinese banks’ bad debts ratio could be as high 8.1% a … Read more
BY JOHN RUBINO There’s a lively debate out there over the size of the Everything Bubble. In the following excerpt, money manager Michael Pento concludes that this bubble both histocially huge and soon to be popped. When Overvalued And Dangerous Markets Meet Stagflation To put into perspective how overvalued and dangerous the US market has become; I often … Read more
By Nick Cunningham The oil price rally has ground to a halt as investors pull back, Trump promises a flood of OPEC oil, and the global economy shows some signs of slowing down. Washington’s “maximum pressure” campaign led to a spike in oil prices only a week ago, but prices crashed on Friday after Trump tweeted that … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold to break out of slump and test 2018 highs, silver’s day is coming and you won’t want to miss it, and central banks in Russia, China and India want more gold. Gold Will … Read more