Brussels gives May another go at killing Brexit

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by John Ward Nobody should be too surprised at the peculiar atmosphere of acceptance that permeated the House of Commons this afternoon. A corporacratic wannabe superstate run by incompetent control freaks has just put the UK on probation, with the job of passing May’s deal or revoking Article 50 by October 31st at the latest. The … Read more

Big Old Problem Just Re-Erupted on Eurozone’s Southern Flank

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Italy’s fiscal health is once again in serious decline. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Wednesday, Italy’s coalition government slashed its growth forecast for the Italian economy in 2019 to 0.2% – the weakest forecast in the Eurozone – from a previous forecast of 1%. Italy is already in a technical recession after … Read more

The Weakening Of Earth’s Magnetic Field Has Greatly Accelerated, And That Could Have Apocalyptic Implications For All Of Us

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by Michael Snyder Earth’s magnetic field is getting significantly weaker, the magnetic north pole is shifting at an accelerating pace, and scientists readily admit that a sudden pole shift could potentially cause “trillions of dollars” in damage.  Today, most of us take the protection provided by Earth’s magnetic field completely for granted.  It is essentially … Read more

Survey Finds That Half Of America’s Pastors Are Afraid To Speak Out About Controversial Topics

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by Michael Snyder Have you ever wondered why most church services in America seem to be filled with lots of fluff and very little substance?  As America’s moral foundations literally collapse right in front of our eyes, a large percentage of our pastors are afraid to speak out about controversial topics because they might offend someone.  … Read more

Uber Discloses 3-Yr $10-Billion Loss from Operations, Stalling Rideshare Revenue & 50 Pages of “Risk Factors” that Are Not for the Squeamish

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But it had big tax benefits and one-time gains. And Uber Eats is hot, so to speak. Uber Technologies’ IPO filing was made public today. The 330-page or so S-1 filing disclosed all kinds of goodies, including detailed but still unaudited pro-forma financial statements as of December 31, 2018, huge losses from operations, … Read more

Risk of earnings recession rises, as S&P 500 profits to fall for first time in 3 years

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via MarketWatch Trade tensions, weather and slowing growth are pulling down earnings expectations Investors should start bracing themselves for an earnings recession, with first-quarter numbers for the S&P 500 expected to suffer the first decline in nearly three years, as macroeconomic headwinds continue to pull down analyst estimates. Although some say low investor expectations and … Read more

Candice Owens Congressional testimony video has become the most watched Congressional CSPAN testimony ever viewed!

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Dems are in serious trouble now!   YouTube Hides Video of Candace Owens’ Testimony in ‘Restricted Mode’ PragerU announced on Wednesday that YouTube has placed another of its videos in “restricted mode,” meaning that not everyone who visits the video-sharing website will be able to watch it. The restricted video is of Candace Owens’ powerful … Read more

IMF: Short-Term Growth Policies Risk New Financial Crisis

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via theguardian: entral banks are running the risk of a severe financial crisis through policies aimed at boosting short-term economic growth, the International Monetary Fund has warned. In its half-yearly global financial stability report, the IMF said the removal of the threat of higher interest rates had prompted a rapid recovery in financial markets after last … Read more

Check Out Citi’s Surprise Indices

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by confoundedinterest The Citi Economic Surprise Indices measure data surprises relative to market expectations. A positive reading means that data releases have been stronger than expected and a negative reading means that data releases have been worse than expected. Unfortunately for the USA, it has a negative economic surprise measure, followed closely by the Eurozone (also negative). … Read more

How Central Banks Are Propping Up Stock Prices

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via mises.org: Financial markets seem to have a great deal of confidence in the effectiveness of central bank monetary policy — in the sense that by keeping interest rates low, or bring interest rates down, the economies will keep expanding and asset prices, in particular, will keep rising. There is, however, good reason for savers and … Read more

Ominous Storm Clouds Warn of Worldwide Recession

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via MarketWatch: Growth momentum is slowing in almost all major economies ITHACA, N.Y. (Project Syndicate) — The drumbeat of warnings about a looming worldwide recession is growing ever louder. According to the latest Brookings-Financial Times TIGER indexes, which track the global economic recovery, growth momentum is declining in virtually all of the world’s major economies. And what this … Read more