We provide unfiltered news and market signals for people who have no time to search.
Something doesn’t add up. And at the core of this charade is the fact that the U.S. economy is hooked on artificially low interest rates. You see, the damage from the previous rate hikes and balance sheet reduction is already done. For one, the cost to service debt has gone up across the board. And … Read more
In the USA, the companies like Kelly Blue Book are owned by companies that have a financial interest in inflating the value of used cars. This is an interesting video explaining the situation with used cars in the US, and how used cars are far cheaper in the UK. h/t SKP
by Adam Hamilton of Zeal LLC Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has lagged dramatically with lofty stock markets spewing great euphoria. That’s given gold-futures speculators the run of the market, where they have sold aggressively … Read more
by Daniel Lacalle Liquidity injections and zero interest rate policies disguise risk and may give a false sense of security. This risk could not be more evident today. Not only have we seen large downgrades to consensus growth estimates and central banks’ expectations of GDP and inflation, leading indicators also point to a much weaker economy ahead. … Read more
Go to 6:50. “Aliens….are still counted for congressional apportionment services…..They’re my constituents.” There you have it, folks. If non-citizens were not counted for congressional apportionment, would we have at least 1 fewer congressional representative? Say, maybe in New York? h/t Depluribus Unum
BY JOHN RUBINO So the U.S. puts Republicans (the party of small government) in charge, and gets… trillion dollar deficits as far as the eye can see AND a revival of socialism among Democrats. Scary as this may seem, the real (and even scarier) lesson is that it’s all inevitable: Beyond a certain level of … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter A six-quarter surge, with first signs that some of it has started to unwind. The inventory pileup I have been discussing for a while played a big role in the surprisingly strong 3.2% GDP growth reported on Friday, but it also played a big role in 2018. And it played a big role in 2014 … Read more
https://youtu.be/BQHndTaXXQo This is scandalous. Should be forbidden. Those people’s reason to be is to be our voice. How dare a stupid company decide what our democracy chooses AC
Wall St. For Main St., Released on 4/27/19 Jason talks about the the Tweet this week from Bloomberg fixed income reporter Lisa Abramowicz https://twitter.com/LisaAbramowicz1 and how this proves that the mainstream financial media will repeat (verbatim) whatever narrative the Fed wants them to. Bloomberg Article referenced in video: https://www.bloomberg.com/news/articl… Read Lisa’s Tweet about “U.S. inflation is sliding again, … Read more
If the banks have restructured such that debt risk has been placed in the hands of (debt) holders rather then the banks why are the banks involved at all? This is almost identical to the attitude that yielded the 2007 collapse. Facilitate debt but avoid all responsibility. Profit and security are maximized only when the … Read more
Scott Morefield from The Daily Caller reports, Several vocal audience members shouted when Democratic presidential candidate Bernie Sanders struggled to answer a question about how he plans to win over black female voters. The awkward incident happened Wednesday during the She the People forum in Houston, Texas. Take a look. https://www.youtube.com/watch?v=_2FfQFAlP2A Read More/Source/Credit/FairUse: https://dailycaller.com/2019/04/24/be… … Read more
https://twitter.com/hks55/status/1122320155101618176 https://twitter.com/hks55/status/1122325719890255872 https://twitter.com/DrForecast/status/1122237367522402305 https://twitter.com/hks55/status/1122295231079170049 Wall Street’s Faith-Based Economics And The Proverbial “Second Half Recovery” He takes his case a step further by highlighting a chart that shows industrial output and consumption slowdowns. It illustrates that their growth rates turned down in the second half of last year and never materially recovered. https://www.cnbc.com/2019/04/25/chart-shows-glaring-economic-risk-that-could-wipe-out-record-highs.html
by DCG I’d be pretty ticked off if I was a PG&E customer because it doesn’t appear that the California Public Utilities Commission was working in favor of the publics’ best interest. As reported by SF Gate: California regulators have approved a $373 million rate hike for Pacific Gas & Electric to pay costs related to a series of … Read more
By David Stockman Big Five Combined (billions): Q2 2007………$5,354 Q4 2018……….$20,652 CAGR…….12.5%/Year
by Troy With the S&P at new highs this week, traders are generally divided into 2 camps: Those who think that December 2018 was a major bottom and the bull market still has years left (FOMO). Those who think that this rally is fake and another stock market crash is imminent. The most likely outcome … Read more
Today Trump supporters gathered at Huntington Beach, California to hold a “March Against Sanctuary State,” protesting what they see as California’s protective policies toward immigrants in the country illegally.
via Twitter: https://www.youtube.com/watch?v=VHAoMKNdoaw https://www.youtube.com/watch?v=gs-f7s31JkI h/t GR
Maura Healey, Rachael Rollins in eye of the ICE storm. Previously untouchable public officials are on notice that federal prosecutors are watching how they handle immigration matters after a state judge was indicted this week for allegedly allowing a Dominican national to bolt out a basement door at a Newton courthouse. That includes Suffolk District … Read more