Euro area PMI, Architecture billings index, Philly Fed, Retail sales, Inventories, Fed report, Equity prices and earnings forecasts

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by WARREN MOSLER Not looking good: German Factory Activity Continues to Contract in April The IHS Markit Germany Manufacturing PMI rose to 44.5 in April 2019 from the previous month’s near seven-year low of 44.1, but below market expectations of 45, a preliminary estimate showed. Still, the latest reading pointed to a sharp contraction in the … Read more

China’s Newest Oil Hotspot Is In America’s Backyard

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By Tim Daiss Chinese state-run news agency Xinhua  said on Tuesday that an affiliate of Chinese oil major CNPC, Great Wall Drilling, was drilling for oil off Cuba’s coast as part of a joint venture with state-owned oil firm Cuba Petroleum Company (CUPET). “Our deposits extend out to sea, so increasingly, wells are longer and to reach … Read more

Danielle Park – Luxury Housing a Bust

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Financial Survival Network, Released on 4/17/19 In places like Greenwich, CT, New York City, Vancouver and around the world, it looks like there’s a high-end housing bust taking place. It’s partly a demographic issue, where older people are downsizing want to cash in on their expensive housing. The hoped for resale market is younger generations … Read more

Several short term bearish factors for the stock market

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by Troy The stock market ends a shortened weak near all-time highs. Today’s post will highlight several short term bearish factors. Go here to understand our fundamentals-driven long term outlook. Let’s determine the stock market’s most probable medium term direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up … Read more

RIOTS in IRELAND

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Police have appealed for “calm” amid what they are now describing as a “terrorist incident” after reports came through of riots breaking out in the Creggan area. Police Service of Northern Ireland’s Mark Hamilton said: “Sadly I can confirm that following shots being fired tonight in Creggan, a 29 year old woman has been killed. … Read more

“Unprecedented” Flood Season: How To Know If Your Home Has Water Damage

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via readynutrition: Across large swaths of the United States, people are deeply entrenched in an unprecedented flood season.  From bomb cyclones to the complete annihilation of farmland and crops across the nations, Americans are experiencing one of the worst flood seasons in history. According to NOAA (National Oceanic and Atmospheric Association), this year is “unprecedented” when … Read more

AG Barr today: “There is substantial evidence to show…that the investigation (mah Russia) was undermining his presidency, propelled by his political opponents, and fuelled by illegal leaks.”

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by freemale101 Full text: Barr: “President Trump faced an unprecedented situation. As he entered into office, and sought to perform his responsibilities as President, federal agents and prosecutors were scrutinizing his conduct before and after taking office, and the conduct of some of his associates… Yet, as he said from the beginning, there was in … Read more

NYC Population Dips First Time in Decade… Chicago Still Losing People… Central Florida Cities Among Fastest Growing

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New York City’s Population Dips for First Time in Over a Decade Only Staten Island, among the five boroughs, had small gains The nation’s largest city is losing population for the first time in more than a decade, new federal estimates show. International migration into New York City’s five boroughs tapered off, as more residents … Read more

“Culpable Insiders” Lampert, Mnuchin, et al. Get Sued over Sears Holding’s Five “Fraudulent Transactions”

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Greed and scheming. The team that is picking through what is left of bankrupt Sears Holding Corp. has filed a lawsuit today against former CEO Eddie Lampert, his hedge fund ESL, Seritage Growth Properties, Bruce Berkowitz of Fairholme Capital Management, and various directors of ESL and Sears, such as US Treasury … Read more

Threat of Contagion to Eurozone from Spanish Banks’ Huge Bet on Emerging Markets: UBS

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Spanish banks expanded aggressively into Emerging Markets to flee the consequences of the euro debt crisis. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. UBS has alerted that Spanish banks’ outsized exposure to Latin American markets could serve as a source of contagion for future crises: 80% of the Eurozone’s total banking exposure to the region … Read more

The Hunters Have Become The Hunted

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https://www.youtube.com/watch?v=t1XApwjbNnw Very True the Mueller report lies about the source of HRC email leaks, J. Assange is clearly the scapegoat for the DOJ/FBI along with Russia. What we have is a Barr (White) Wash to save three letter agencies at the expense of total loss of our Republic. DNC Seth was the leaker, i.e. the … Read more