Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But some flat spots are showing up! Just after I reported on the minuscule 1.4% year-over-year growth of per-capita “real” disposable income and the lowest saving rate in 12 years — for the lucky ones — there’s another …
Winter Wheat crop destroyed in USA & Canada early January, riots in French supermarkets over Nutella, record cold about to sweep through the USA and Canada again this season. Snows in Morocco desert not seen in 30 years, record heat …
David Stockman on “Varney and Company” (Fox Business, Jan. 30, 2018)
Excerpted from John Hussman’s Weekly Market Comment, Last week, the U.S. equity market climbed to the steepest valuation level in history, based on the valuation measures most highly correlated with actual subsequent S&P 500 10-12 year total returns, across a century of market …
The Evidence for the Greatest Top in History Over the last year US stocks have been rallying with greater and greater persistence and historic low volatility. This has been from already extremely high valuations. US stocks may be making a …
by Kimble Charting Banks started showing cracks back in 2007 and before long they started breaking support and fell hard. The current bank trend remains UP at this time. The trend finds itself back at 2007 highs, where bulls would NOT want to …
by Chris Black Dow took a dive on Tuesday, plunging 400 points, thus marking its biggest point drop since 2016, when it fell 610 points in June. Due to investors’ fears of higher than expected inflation, the 10 year Treasury …
by Jim Willie CB Many are the metaphors used to describe the agent that initiates a major crisis. Light the fuse, or pull the trigger, pull the rug out from under the room, or pull on the string for unraveling …
https://www.youtube.com/watch?v=8kp35tb_vuE FOX NEWS January 30th 2018 America First Action spokesperson Katrina Pierson on the House Intelligence Committee voting to release the controversial four-page memo allegedly detailing surveillance abuses and FBI Deputy Director Andrew McCabe’s decision to step down.
The Guarani Aquifer: a little known water resource in South America gets a voice The Guarani Aquifer in South America is a huge underground reservoir that lies under Paraguay, Uruguay, Argentina and Brazil, covering an area of land the size of Texas …
Intel warned Chinese firms about its infamous Meltdown and Spectre processor vulnerabilities before informing the US government, it has emerged. Select big customers – including Lenovo and Alibaba – learned of the design blunders some time before Uncle Sam and …
https://youtu.be/Xzw7098V78I McCabe was removed by the guy who was going to quit if Trump fired McCabe. Classic.
If they are “crumbs” then she should be fighting to get us something more substantial. But that’s not what she did, she voted against even letting us have these “crumbs”. Nancy Pelosi can f*ck off. I used to work in …
by Anthony B Sanders US Real GDP seems to be booming (see yesterday’s Atlanta Fed GDPNow Report for 4.2% growth) while The Fed continues to raise their target rate and unwinding its $4.4 trillion balance sheet. The result? The US …
by WARREN MOSLER Seems to me this divergence has been stretched to the limit: And this chart from Daniele Della Bona shows how dipping into savings via borrowing adds to interest expense that further reduces savings when other personal income is …
by: Clint Siegner, Money Metals The Commodity Futures Trading Commission levied fines against three European Banks on Friday for “spoofing” the futures markets, including COMEX gold. Six traders were arrested yesterday. “Spoofing” involves placing buy or sell orders in order …
As Cole explains: This is all great as long as volatility is low or dropping, as long as markets are stable.But, in the event that we have a reversal in this, there’s two trillion dollars of equity exposure that self-reflexive-driving …
Okay y’all I realize that this is older news but I just became aware of it and wanted to share. I rarely go use 7-eleven but as of now I’ll be avoiding it all together. 7-Eleven Clerk Refuses Service To …
by Simon Black Earlier this month, General Electric took a $6.2 billion charge to its insurance unit for the fourth quarter. And the company said it will set aside another $15 billion over seven years to bolster reserves at GE Capital. …
by John W. Whitehead History has a funny way of circling back on itself. The facts, figures, faces and technology may change from era to era, but the dangers remain the same. This year is no different, whatever the politicians and …
by Chris What happens when the public officials get a hold of the public purse and begin to grant themselves pay raises? The usual of course. It’s just gone so terribly far off the rails for CA that it’s impossible …
Via Branco Vote Democrat! For Trannies, Illegals and to MAKE TAXES HIGHER AGAIN!
The effort to destroy President Trump and others on his campaign is backfiring. Those who protected Hillary then tried to cover it up are now literally shaking in their boots. The “FISA abuse” memo will be released showing the Democrats …
The Last Refuge remarked that you can generally tell when the house of cards begins collapsing by how deep CNN’s Jake Tapper is forced to reaches into his bag of disingenuous tricks. The best line of the entire video was …
Brexit & the economy: The successes the mainstream media aren’t crowing about A picture of Brexit doom and gloom has been painted – an artwork constructed by the ‘remoaners’ whose campaign of fear angered leave campaigners during the referendum on …
Par for the course with these kind! According to Representative Zeldin speaking on the floor yesterday evening, Adam Schiff never permitted anyone to read the memo he demanded they vote to declassify! It hasn’t been submitted for review! When, naturally, …
A man is hospitalized and a suspect is dead in what appears to be a terror attack that was stopped before it could hurt more people. The suspect has not yet been identified. http://www.foxnews.com/us/2018/01/29/off-duty-cop-shoots-driver-attempting-to-run-over-pedestrians-philadelphia-police-say.html Terrorism was being eyed as a …
from ZH: FBI Director Christopher Wray was allegedly “shocked to his core” after viewing the four-page FISA memo Sunday night – hours before asking Deputy FBI Director Andrew McCabe to step down, according to journalist Sara Carter. Hannity sat down once …
The finance and technology industries are both big industries in today’s markets, so is it any wonder that they’ve been joining forces as of late? The financial technology or ‘FinTech’ industry is an emerging market within finance that has the …