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by Tom McClellan For years the price of lumber futures has been a pretty good leading indicator for a variety of economic data, especially the series related to the housing market. But recent events have caused lumber to not be a good leading indicator. It is likely just temporary, and hopefully lumber will get back to … Read more
BY JOHN RUBINO Mike Maloney: Basel III, gold, and the next financial crisis … Rick Rule: These are the gold miners you should own … Max Keiser on the surge in negative-interest rate bonds … Marc Faber: Huge asset bubble will be deflated … Andrew Maguire on the coming “$50 silver breakout”
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter And how it compares to what happened during the Financial Crisis. The goods-based segment of the economy is heading for rough waters, and it is further diverging from the path of the services-based segment of the economy that is still growing at a solid rate: that’s what the current inventory pileup … Read more
by Dr. Eowyn Medicine Net has a 15-question quiz on how much you know about happiness. To take the quiz, click here, then report back on how you did? I got 13/15. 😀
by John Ward Just when you thought Brussels had petulantly shot itself in the foot, details began to emerge this evening of a Seven Card Trick designed to convert the soft (and struggling) Withdrawal Agreement into pure BRINO – Brexit in Name Only. The Slog examines the slow poisoning of Sovereign Brexit. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ Wishfully Unthinking Theresa … Read more
In the week ending March 16th, just look at how high the sickness rate is. By this time, last years’s 40-year record flu was down near baseline levels at about 2.5%. Notice how every other flu season for the previous six years was also in rapid decline at this time.* There is also a 13% … Read more
Swalwell just had a total meltdown on CNN. 😂😂😂 — Ryan Van Sickle (@Ryan_VanSickle) March 22, 2019 Here’s the CNN livestream. Watch them melt in real-time. You can rewind the livestream 35 minutes and see Swallwell. It might not work on mobile though. HERE IS THE REPORT! https://twitter.com/JackPosobiec/status/1109217619213717504/photo/1 Office of Special Counsel Mueller shutting down. … Read more
by GoldCore – Russia adds another 1,000,000 ounces (31.1 tons) to gold reserves in February – Russia’s gold reserves now 2,149 tons; 5th largest gold reserves in the world – Central bank of Russia buys all of Russian domestic gold production – Russia views gold bullion as “100% guarantee from legal and political risks” – As … Read more
by Spencer P Morrison, NEE From Political Iatrogenics: Socialism is a political philosophy predicated upon interventionism. It’s all about taking action. Doing. Unemployment? Create jobs. Poverty? Provide welfare. High rents? Impose rent controls. Socialism is popular because it appeals to one of mankind’s most powerful psychological biases. Sadly, socialism is also often little more than an exercise … Read more
From Birch Gold Group Only two and a half months ago, the Fed signaled two rate hikes for 2019. But the Powell-led Fed appears confused because they’ve just adjusted that forecast to zero. They also forecasted the end of its “QT” (quantitative tightening) balance-sheet runoff by September 2019. According to a CNBC article, the Fed is giving the market … Read more
by Jesse “It looks like we might have another blow off top in the works. The tech sector was rampaging higher today. When in doubt break glass and recycle the last bubble. Let’s see how much more these jokers can squeeze out of this.” Jesse, Le Cafe Americain, 21 March 2019 “My cyclical calculations and … Read more
So even the Aussie government thinks there is no retirement….
For over a year Rob Mead has worked as an Uber driver in Reno, Nevada, to supplement his income as a public sector worker. Now he’s wondering if it is worth it. “After gas, added monthly rideshare insurance, wear-and-tear, constant oil changes and taxes that $300 for 30 hours of work I thought I made in … Read more
NEW YORK (CBSNewYork) — What insurance policy holders do in their daily lives may not be so private. If you’re posting any information publicly online, your insurance company could be using it to determine your coverage, CBS2’s Natalie Duddridge reported Thursday. Posing in front of a great white shark and dangling your feet out the side … Read more
by WARREN MOSLER No let up!
Is The Clinton Foundation Under Investigation? (This one is worth your time) $400M to $2Billion to IRS This is a good breakdown on the specifics. Open in a new window and listen! John Huber never showed up! The two guys are “bounty hunters” that investigate fraud of non-profits. They do thins for … Read more
by Kimble Charting Is a very broad stock index suggesting that a top is in play? What this index does to close this week should go a long way to answering that question! This chart looks at the NYSE Index on a weekly basis over the past 4-years. Over the past 15-months, it has created a series of … Read more
by DCG The deputy is permanently separated from his wife, three childrenand family and friends. Washington state governor Jay Inslee made Washington state a sanctuary haven for illegal aliens in 2017. As reported by MyNorthwest.com: A deputy with the Kittitas County Sheriff’s Office was killed in the line of duty Tuesday evening in the City of Kittitas.Immigration and … Read more
It is suicide. They are doing it to themselves, every day. Liberals do not build, they just destroy. It’s not the only one… Seattle, Detroit, Chicago, and the list goes on. America is dying. h/t jav
By Lance Gaitan Every six weeks the Federal Open Market Committee (FOMC) meets to decide whether a change in policy is needed to coax our economy in the right direction. They wrapped up their latest meeting on Wednesday. When Fed Chair Jerome Powell delivered his policy statement, stocks bounced and Treasury yields fell sharply. (Keep in mind the Fed has a … Read more