German Car Sales Collapse

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by Martin Armstrong COMMENT: I am a senior exec here in the German auto industry. I attended your Berlin conference. I just want to say your ECM is remarkable. Our industry has seen a decline in auto sales since the middle of 2018 right on schedule. It looks like it will be a hard landing … Read more

Nagai of Nomura Confirms Japan Destroyed the Bond Market

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by Martin Armstrong In Japan, Nomura’s chief Koji Nagai took over as Nomura’s chief executive back in 2012 and followed that appointment with a $1bn cost-reduction plan that was criticized both externally and internally for failing to target the inefficient divisions of Nomura’s domestic operations in Japan. The latest program will see the company close … Read more

The Satanic Temple Has Evolved Into An Anti-Trump Movement, And Leftists Are Flocking To It

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by Michael Snyder The Satanic Temple is the perfect religion for progressives.  You can believe anything you want, as long as you hate what Donald Trump, Christians and conservatives believe.  Unlike the Church of Satan, the Satanic Temple doesn’t even believe in a supernatural entity called Satan.  Instead, they celebrate Satan as “the ultimate rebel”, … Read more

China Holds The Gold And Will Make The Rules

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by Egon von Greyerz Gold is the ultimate insurance against a bankrupt financial system, a corrupt political system and a rotten monetary system. But official propaganda, combined with people’s greed, mean that virtually nobody understands the necessity of insuring against these risks. Also, investors are convinced that stocks always go up and therefore that the … Read more

Why Do Americans Have So Much Debt?

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Debt is a way of life in America. In 2018, the average U.S. household carried $8,284 in credit card debt alone—an amount that’s on the rise year over year. Then there are other types of debts to consider: mortgages, auto loans, medical bills, auto loans, etc. It’s not unusual for Americans to carry tens or … Read more

Rising Inflation May Absorb Your Social Security Raise

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From Birch Gold Group Long-term Social Security has a shortfall of $43 trillion (officially reported by the Board of Trustees), and an imminent benefit cut of 25% by 2034. Despite these sobering facts, Social Security raised benefits for 8 million recipients by 2.8%, effective January of this year. On average, this means recipients will receive $39 more with each check. … Read more

IT’S ALWAYS IN THE LAST PLACE YOU LOOK: California Politicians Hiked Gas Tax, Now Demand Investigation Into State’s $4 Per Gallon Gas Prices.

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via reason: As lieutenant governor, Gavin Newsom supported a 2017 bill increasing the state’s gas taxes. When running for governor in 2018, he opposed a ballot initiative that would have repealed that same increase. It’s 2019, and Newson, now the state’s governor, is demanding an investigation into why the state’s gas prices are so high. On Tuesday, the governor sent … Read more

Export growth, Miles driven, Ship orders

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by WARREN MOSLER Ship Orders Fall to Lowest Level in 15 Years Ship orders world-wide have shrunk to the lowest level in 15 years as vessel owners struggle with excess capacity that has kept freight rates well below break-even levels. There were 3,200 vessels of a combined 81 million gross tons ordered globally in the … Read more

CDC: Blood-sucking bug confirmed in Delaware

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The “kissing bug” — which bites people around their mouths and can pass along the fatal disease Chagas — has officially made it to Delaware. In September, the Centers for Disease Control foreshadowed the deadly bloodsucker’s arrival here. The government agency warned that it was making its way north from Central and South America and had been reported … Read more

Gregg Jarrett: Hillary Clinton, James Comey, Andrew McCabe Should be Prosecuted… Giuliani Sends a Massive Indictment Warning to Hillary Clinton – “Better Get A Lawyer”

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FOX News legal analyst tells Sean Hannity that Hillary Clinton, James Comey and Andrew McCabe should be indicted. Jarrett added that James Clapper and John Brennan should be indicted for lying under oath to Congress. https://www.youtube.com/watch?v=OTIL8vSAA1E Giuliani, who is now President Donald Trump’s personal attorney, warned Wednesday that former Democratic presidential candidate Hillary Clinton “better … Read more

Tesla reported a loss of $2.90 per share for Q1, a massive miss from expectations of 69 cents.

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Tesla reported a loss of $2.90 per share for Q1, a massive miss from expectations of 69 cents. pic.twitter.com/LsIXclUBUU — CNBC (@CNBC) April 24, 2019 Tesla Q1 2019 Earnings Highlights GAAP operating loss of $522M, GAAP net loss of $702M, including $188M of non-recurring charges Cash and cash equivalents of $2.2B at Q1-end Model 3 … Read more

San Francisco Real Estate is the Least of Our Worries

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By Harry Dent There’s been a lot in the news lately about a slowing U.S. property market, with San Francisco a particular worry. According to Reuters, home sales fell more than expected last month. The National Association of Realtors said that existing home sales dropped 4.9%. I’m, in fact, in Australia for the next two weeks … Read more

The Press Will Learn Nothing From the Russiagate Fiasco

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via Matt Taibbi On February 15, 2016, the National Review took unprecedented action. In an all-out plea to Republican voters to stop Donald Trump before it was too late, the magazine enlisted 22 of the right’s most prominent voices to band together and throw support elsewhere, to save the party. The “Conservatives Against Trump” issue didn’t move the needle. Despite … Read more

The Florida House of Representatives has passed a bill that bans “sanctuary cities” for illegal aliens, would punish local governments for failing to help federal immigration authorities.

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BREAKING: The Florida House of Representatives has passed a bill that bans "sanctuary cities" for illegal aliens, would punish local governments for failing to help federal immigration authorities. — Ryan Saavedra (@RyanSaavedra) April 24, 2019   h/t KOS