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by Graham Summers of Gains, Pains, & Capital The next downturn is now here. As I warned earlier this week, momentum has turned downward, with the MACD signal on a “SELL” for the first time since December. Even worse, the all important 200-day moving average (DMA) was violated to the downside. The question now is just how far … Read more
via legalinsurrection: “Similar problems are bedeviling Sweden and Denmark, two other countries frequently held up as models to follow on health care” Finland has long been touted by American socialists as the socialist Nirvana, where everything is free and everyone is happy, happy, happy. Sadly, fiscal reality hit Finland’s government as it collapsed Friday due to the rising costs … Read more
via hotair: In the Democrats’ rush to pass HR1, a serious snag emerged for Nancy Pelosi and the rest of her party’s leadership. Republicans were able to force a vote on adding language to the supposed voting rights bill condemning the idea of illegal aliens voting in any elections. It simply read, “allowing illegal immigrants … Read more
by howmuch The primary season is in full swing for Democrats seeking the 2020 presidential nomination, and that means bashing the big banks is a favorite campaign topic. Kamala Harris is taking heat for accepting money from Wall Street. Elizabeth Warren believes the economy is rigged to favor big banks. And Bernie Sanders thinks the banks are so big, the … Read more
by David Haggith Socialism is the price Capitalism pays for unrestrained and unpunished greed, and Alexandria Ocasio-Cortez is the new face of Socialism in America. AOC refers to her Socialist revolution — for now wrapped up in the Green New Deal before congress — as the “politics of optimism,” and so it is. That’s because Socialism is the … Read more
via Zerohedge: Pentagon spokesman Charles Summers said Friday morning that there will be “grave consequences” if Turkey moves forward in purchasing Russia’s S-400, according to Bloomberg — this after the top US commander in Europe, Army General Curtis Scaparrotti, recommended to Congress this week that delivery to Turkey of Lockheed Martin’s F-35 Joint Strike Fighter … Read more
by catsupmcshupfak A look at how the Israel lobbyists operate inside the US and UK, more episodes: Episode 2 Episode 3 Episode 4
via moneymaven: Despite a contract that prohibits MGM from using robots to displace workers, the casino seeks to implement those plans. VegasSlotsOnline reports MGM Could Replace Many Employees with Robots MGM, one of the major global casino companies, is considering replacing some workers with robots, which will cause some concern for their employees and those in the … Read more
by confoundedinterest European bond volatility (according to the Merrill Lynch 3-month EUR option volatility estimate) has plunged to the lowest level on record. A similar chart for the US bond market is the Merrill Lynch Option Volatility Estimate for 3-months shows exactly the same thing. The US bond market is grinding to a halt. Note … Read more
Global Economy Weakest Since Financial Crisis (Bloomberg) — The global economy’s sharp loss of speed through 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago, according to Bloomberg Economics. Its new GDP tracker puts world growth at 2.1 percent on a quarter-on-quarter annualized basis, down from about … Read more
by Brian Maher of Daily Reckoning After “the sharpest rally since the global financial crisis recovery” — Goldman’s phrase — has the stock market peaked for the year? Today we weigh the evidence… and hazard a conclusion. The major averages jumped over 20% from their Christmas Eve bottoms. The Dow Jones catapulted over 4,000 points valley … Read more
Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate policy, Powell told “60 Minutes” that Trump can’t remove him from office. “The law is … Read more
via Dailymail.co.uk: Ed lived on the streets of Manchester, Glasgow, and London for two months One night in Glasgow he saw 26 volunteers give food to two homeless people He put on weight as passers-by gave him fast food, burgers, and sandwiches Ed said, although he would not give homeless people money, they still need … Read more
Do you believe that China’s economic data is fake? Also, do all countries do the same thing? The economic data we receive from every country is most likely fake. Or at least padded and puffed up to make it seem stronger in times when it’s weak. Well according to Brookings, they’ve been handing out … Read more
It Exists: DOJ Finds Letter Ordering Scrutiny of Uranium One, Hillary Clinton https://www.thedailybeast.com/doj-fin…
I read china halted the use of the 737 Max’s, 2 crashes on new planes seems like an issue. After the devastating Boeing 737 MAX-8 crash in Ethiopia this weekend, China has announced it will suspend the aircraft model in domestic flights until the FAA and Boeing can determine whether the aircraft was the reason … Read more
https://www.youtube.com/watch?v=KD5B7bzXgOA Is she gonna tax a Robot? AC
New York will soon have a departure tax… Experts: NYC could go Bankrupt for 1st time in 40 years New York City is headed for financial ruin and could go bankrupt for the first time in 40 years, financial experts say. Financial experts predict that there are already signs the city is headed for financial disaster, … Read more
https://www.youtube.com/watch?v=LKk3XfqANcQ Open borders and the welfare state. What could possibly go wrong? AC
Josh Sigurdson talks with author and economic analyst John Sneisen about the continuing decline of the Canadian housing markets as banks like BMO warn that this type of decline normally leads to a recession and that this recession will be worse than the previous. This is an issue we have been covering for many years … Read more