How long before the ECB and Federal Reserve ease monetary policy again?

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by notayesmanseconomics Yesterday brought something of a change to the financial landscape and it is something that we both expected and to some extent feared. Let me illustrate by combining some tweets from Lisa Abramowicz of Bloomberg. Biggest one-day drop in 10-year yields in almost a year…..Futures traders are now pricing in a 47% chance of a … Read more

OANN CEO Robert Herring: Now Fox News has hired Danny O’Brien, a former aide to Joe Biden as his chief lobbyist. He is a well-known Democrat.

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Now Fox News has hired Danny O'Brien, a former aide to Joe Biden as his chief lobbyist. He is a well-known Democrat.@FoxNews @OANN — Robert Herring (@RobHerring) March 21, 2019   OANN CEO Robert Herring Offers Fox’s Judge Jeanine a Job With OANN: “we’d love to have her” (1) Fox News is bowing down to … Read more

Politics Has Failed, Now Central Banks Are Failing

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by Charles Hugh-Smith With each passing day, we get closer to the shift in the tide that will sweep away this self-serving delusion of the ruling elites like a crumbling sand castle. Those living in revolutionary times are rarely aware of the tumult ahead: in 1766, a mere decade before the Declaration of Independence, virtually no … Read more

Finance & Insurance Hit it Out of the Ballpark, No Slowdown in the Huge Services Sector

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter There cannot be a recession without a pullback in services.  Revenues in the major private-sector services categories rose 6.3% in Q4 2018, compared to the same quarter a year earlier, to $4.01 trillion, not seasonally adjusted, breaching for the first time the $4 trillion mark, according to the Commerce Department’s detailed Quarterly … Read more

Credit Karma is going to be our version of the Chinese Social Credit Scoring System

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by kit8642 https://youtu.be/rU-IKwDquDg Credit Karma’s new ads are quite telling, especially when you consider that google has been the main funder of it. In March 2014, Credit Karma raised $85 million in Series C financing, led by Google Capital with participation from Tiger Global Management and existing investors.[26] The company followed that with $75 million … Read more

Jailed for Life for Stealing a $159 Jacket? 3,200 Serving Life Without Parole for Nonviolent Crimes… Housing a prisoner in California now costs more than a year at Harvard

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by Orangutan Not sure who’s responsible for this, but we as tax payers are funding it at whatever cost per year. Private prisons are profiting? Lobbyists run the gov’t? via democracynow: A shocking new study by the American Civil Liberties Union has found that more than 3,200 people nationwide are serving life terms without parole for … Read more

Strange: no blame on judges who are 100% responsible in Seattle, Portland and other cities for drug and homeless problems

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by caem123   The best minds study homelessness and related crime. They discover root cause is drugs (not high rents). Root cause of drugs is found to be small or no sentences dealt to arrested drug dealers, who are rarely detained or convicted. Citizens (and cops) repeatedly beg city counsel and officials for help. Officials … Read more

A Secret document, which remained locked away for 30 years, advised the British Government to cover-up the realities of EU membership so that by the time the public realised what was happening it would be too late.

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by Playaguy   Almost all of the shocking predictions – from the loss of British sovereignty, to monetary union and the over-arching powers of European courts – have come true. But damningly for Tory Prime Minister Edward Heath, and all those who kept quiet about the findings in the early 70s, the document, known as … Read more

Similarities between the stock market today and previous bull market tops

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by Troy The stock market rally continues, with the S&P 500 now within 3% of its all-time highs. Meanwhile, various leading economic indicators are showing similarities to previous bull market tops. 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 … Read more

US Housing Hits A Brick Wall: “The House Price Deceleration Is Staggering”

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via Mark Hanson RedFin puts out a monthly home sales report, which contains a lot of great data. The chart below shows Feb 2018 year-over-year price growth, which was off the charts, compared to Feb 2019 year-over-year growth, which was very weak. This y/y growth deceleration is staggering, especially in the high-flying regions. Very few regions … Read more

40 Stock Market Terms That Every Beginner Should Know

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by visualcapitalist Understanding the stock market can be a daunting task for any new investor. Not only are there many concepts and technical terms to decipher, but nearly everybody will try to give you conflicting pieces of advice. For example, if a stock in your portfolio falls in price, should you be accumulating additional shares at … Read more

Oil Is Set To Rise, But The Rally May Not Last

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By Arthur Berman The United States is no longer over-supplied with oil. That sounds like good news. The bad news is that it may signal lower oil prices going forward. An unexpected 9 million barrel (mmb) crude oil withdrawal from storage this week moved comparative inventory (C.I.) below the 5-year average. That shifted C.I. to … Read more

A key recession indicator just did something that hasn’t happened in 12 years

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The spread between 3-month and 10-year Treasury notes has fallen below 10 basis points for the first time since 2007. An inverted yield curve, where short-term yields are higher than their longer-term counterparts, is considered a reliable recession signal. The Federal Reserve this week said the U.S. economy is still strong but is facing challenges … Read more

Tom Fitton: House Democrats Abusing Powers to Harass President Trump–‘Vendetta, NOT Oversight

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The House Judiciary Committee received thousands of documents requested from 81 associates of President Trump. That’s according to committee chair Jerry Nadler, who sent requests two weeks ago. The requests come as part of a Democrat-led effort to investigate allegations of corruption. Nadler said he’ll use all the tools at his disposal to find wrongdoing. … Read more