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by WARREN MOSLER Rolling over: Also rolling over, and inline with the drop in retail sales: U.S. auto sales are falling as vehicle prices climb, indicating that buyers at the lower end are getting squeezed out of the new car market, according to a new industry forecast. First-quarter auto sales are expected to drop … Read more
Jussie Smollett is Receiving the Hillary Clinton Treatment This may help you to understand: Jussie Smollett’s Sisters Worked for Barack Obama – Both Families Very Close – Video of Michelle Obama Dancing With Jussie Smollett Tariq Nasheed Implies Jussie Smollett HOAX May Have Been Orchestrated by Top Democrat Politicians (the Obama family also Involved???) … Read more
by DCG Starts at the :46 mark. Avenatti then states that he’s always the one putting on the handcuffs. You sure about that #Basta boy? DCG
by Dana Lyons The volatility market gave a head’s up ahead of the recent stock market dip — but has the dip run its course…or is there more to come? Stocks got out of the gate like gangbusters again to begin last week. Well, at least the Nasdaq did. Specifically, the Nasdaq 100 (NDX) rose each … Read more
By Irina Slav China is taking advantage of steep discounts for Iranian and Venezuelan crude to increase its imports from the two countries sanctioned by the United States, Bloomberg reports, adding that prices for Iranian and Venezuelan oil are at their lowest since November 2017. From Iran, China has been importing an average of 446,000 bpd, … Read more
By Robert Ross I bet you’ve never heard of Pat Munroe. And unless you’re from the Florida Panhandle, I imagine you haven’t heard of Quincy, Florida, either. But the two can teach us a lot about investing. See, in the early 1920s, Munroe was a banker in Quincy. One thing he noticed was no matter … Read more
RAPID CITY, S.D. (KEVN/KOTA TV) – With fears that a dam will collapse, the National Weather Service in Rapid City has issued a flash flood warning for several counties, now through 3:30 p.m. Tuesday morning, emergency management reported a breach in the Quinn Dam. Flash flooding is expected to begin shortly, especially if the dam … Read more
Dr Glidden is considered one of the top ND’s in the country. These foods are BAD! They cause nutritional deficiencies, chronic disease, inflammation and cancer: Wheat Barley Rye Oats Oil in a bottle Fried Foods Well Done Meats Meats with Nitrates Skins of Baked Potatoes, Yams and Sweet Potatoes All carbonated Beverages with a Meal … Read more
House voted today to overturn Trump’s veto on National Emergency and failed to come up with the required 2/3rds vote. Measure failed: Yeas: 248 Nays: 181 14 Republican traitors voted Yea. http://clerk.house.gov/evs/2019/index.asp The House of Representatives failed to garner enough votes to override President Donald Trump’s veto of the resolution crafted to terminate his national … Read more
via tmz: 10:45 AM PT — Mayor Rahm Emanuel is very strongly hinting at corruption in the State’s Attorney’s Office, calling the decision to drop the charges against Smollett a “whitewash of justice.” The Mayor added, “From top to bottom, this is not on the level.” He called for accountability from the prosecutors. Emanuel was … Read more
via alec.org: Unfunded liabilities in public pension plans continue to loom over state governments nationwide. If net pension assets are determined using more realistic investment return assumptions, pension funding gaps are significantly wider than even the large sums reported in state financial documents. Unfunded liabilities of state-administered pension plans, using a proper, risk-free discount … Read more
While CNBC told everyone recession fears, have decreased, and you should buy stocks – smart money dumped into the madness pic.twitter.com/cwXbQJON3q — Alastair (@StockBoardAsset) March 26, 2019 https://twitter.com/OccupyWisdom/status/1110489039520579584 https://twitter.com/OccupyWisdom/status/1110183660911767553 Margin on stocks….and the Fed says there is no bubble. $15T in global QE and 0% rates and US debt $10T–>$40T and China $7T–>$40T and $5T … Read more
Cracks are showing in Southeast Asia’s credit markets as struggling companies in troubled industries seek to repair their balance sheets, according to Rajah & Tann Singapore LLP, which manages the largest network of corporate lawyers in the region. The law firm, which has handled local units of Lehman Brothers Holdings Inc. and MF Global Inc. … Read more
via CNBC: More than a quarter of young adults say buying a home is the life milestone they’re shooting for the most, even over getting married, having children and retiring, according to a survey. However, sky-high rents and unprecedented student loan debt reduce the likelihood of being able to afford a down payment. As far … Read more
buy bonds, sell stocks, recession fears still linger pic.twitter.com/HnkQHlTkfz — Alastair (@StockBoardAsset) March 26, 2019 Consumer Confidence Crashes Most Since Oct 2008 After a hope-filled rebound in February, Conference Board Consumer Confidence tumbled in March with Present Situation plunging to 11-month lows. Consumer confidence in March fell to 124.1 vs 131.4 in prior month (that is below … Read more
Samsung Electronics said Tuesday morning it expects first quarter earnings to come below market expectations due to weakness in its display and memory businesses. In a regulatory filing, the world’s largest smartphone maker said it predicted a bigger-than-expected price decline for major memory products, which are used in mobile handsets and enterprise servers, due to … Read more
via thewealthadvisor: (Washington Post) – UBS Group AG CEO Sergio Ermotti delivered a catalog of bad news on the first-quarter performance on Wednesday. That the world’s largest wealth manager is also prone to revenue swings was probably the most alarming. Describing it as “one of the worst” three-month periods in recent history, Ermotti said UBS’s investment bank income … Read more
In the US, here is where the next crisis is likely to Start->> pic.twitter.com/KiY3q5ADeZ — Alastair (@StockBoardAsset) March 26, 2019 How vulnerable are high yield bonds to the bubble forming in the leveraged loan market? — Pictet Asset Management (@PictetAM) March 22, 2019 https://twitter.com/macrodidact/status/1108407523902738433 equity vol moving higher on ig credit spreads widening pic.twitter.com/s6aOWpd3as — … Read more
When booking a getaway, be it for business or pleasure, you so often hear that you have to book as far in advance as possible in order to find yourself the best deal. But what happens if time is against you and you suddenly find yourself wanting or needing to book last minute flights? First … Read more
via pjmedia: You can’t go a week without another report of businesses and people leaving California because of the high cost of housing. Today it’s the Wall Street Journal’s turn, in a story headlined, “California Has the Jobs but Not Enough Homes.” The problem — a self-inflicted problem if there ever was one — is that the … Read more