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The creation of the derivative has been wrong from the beginning. There’s no good reason for this to exist. Only that which is real should be allowed to be gambled on. Derivatives based on low-rated, high-risk debt? And they expect that it won’t fail? Are they out of their minds? Whatever. Here we go again… … Read more
Collin Rugg from I Love My Freedom reports, On Thursday morning, the hashtag “#TrumpFail” was trending on Twitter in response to President Trump’s summit in Vietnam with Chairman Kim Jong Un. https://www.youtube.com/watch?v=ATF-v6ELHv0 Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/hell-freez…
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data. OK, it looks like GDP growth, released last week for the fourth quarter (+2.6% annualized rate), will be revised lower on March 28, given today’s data on construction spending for December, which had been delayed due … Read more
by Charles Hugh-Smith The Fed is the mortal enemy of the young generations, and thus of the nation itself. “The wealth effect” generated by rising stock and housing prices has long been a core goal of the Federal Reserve and other central banks. As Lance Roberts noted in his recent commentary So, The Fed Doesn’t Target … Read more
by Michael Snyder Alexandria Ocasio-Cortez continues to come up with new ways to bankrupt America, but meanwhile we have now learned that her mother actually moved out of New York because the taxes were too high. When AOC’s father Sergio died, things got very tough financially for the family, and at one point Blanca Ocasio-Cortez was … Read more
Louis Farrakhan explains the history of the Rothschilds, and their control of the world’s financial systems. AC
by Simon Black The events that I am about to describe to you are 100% true. They have already happened to various people across the United Kingdom, which in some respects is leading the charge to 21st century “Big Brother” authoritarianism. It’s all real, and it’s all disturbing. To humanize it a little bit we have pulled … Read more
by WARREN MOSLER Bad. All sectors decelerating and residential looking down year over year: U.S. auto sales tumbled 2.8 percent in February (Detroit News) Overall sales for the month tumbled 2.8 percent from the same month a year ago, according to Edmunds.com. Sales came in at 1.26 million for an annualized industry sales rate … Read more
BY SRSROCCO The insanity continues in the United States second largest shale oil field as the fundamental economics go from bad to worse. While it is true that the shale industry doesn’t look as dire as it did back in 2016 when oil prices fell off a cliff, I can assure you the worst is … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold’s technicals will bring the metal to $1,480 in 2020, why gold is still on long-term track to reach $2,000 an ounce, and Uzbekistan’s central bank aiming for 430-ton gold stockpile within a few … Read more
It’s an ex-liberal called Brandon talking about the walkaway movement followed by loads of black people waking up about what the Democrat part really is. Video of the week already! People are waking up! AC
via wtxl: LAKELAND, Fla. (WFTS) — Nearly 1,000 health care workers have lost their license to practice in Florida because they can’t repay their student loans – a new crackdown potentially putting hundreds out of work, the I-Team found. The move to suspend health care licenses comes after federal student loan companies spent years lobbying states to … Read more
WELL, GOOD: Trump, RNC Courting African-American Voters Ahead of 2020. The Republican National Committee is making a concerted effort to court African-American voters ahead of the 2020 presidential election. The decision reflects a growing list of accomplishments President Donald Trump can credibly point to in the realm of expanding economic opportunities for minorities. “Look at the … Read more
from Zero Hedge update: It appears the threats of US officials, including John Bolton, have worked as Juan Guaido arrived unharmed and without being detained at Caracas airport on Monday. He was greeted by crowds of supporters and a number of European diplomats, and said to the group, “We are here in Venezuela. We are stronger than ever.” He added, … Read more
And I mean, geez, stuff like this with Facebook just isn’t a surprise anymore, is it? For years social media Big Brother had been pestering its users to secure their account with two-factor authentication (2FA) by prompting them to enter their phone number so they could get a text with a security code login when … Read more
Ah, maybe we all ought to think again on that one. The CDC says the milder strain of influenza that had been nailing people from just after Thanksgiving through early February is now being replaced by a stronger, nastier strain. It’s one that makes people a lot sicker than the previous circulating bug. The report … Read more
GALLOWAY TOWNSHIP, N.J. (CBS) — Colleges are now adding cannabis to their curriculum. Grace DeNoya is used to getting snickers when people learn she’s majoring in marijuana. “My friends make good-natured jokes about getting a degree in weed,” said DeNoya, one of the first students in a new four-year degree program in medicinal plant chemistry at Northern … Read more
by Shaun Richards A subject raised by many of you in the comments section has been given something of an airing in The Times newspaper. An article has been written by Paul Johnson of the Institute of Fiscal Studies and I welcome some light being shone in a dark area. However we need to tread … Read more
CA’s illegal alien cost alone could fund The Wall. AC
via visualcapitalist: The financial services industry is undergoing a dramatic shift. The next generation of investors will be younger and much more diverse, with women taking an increasingly prominent role in building and growing family and personal wealth. Today’s infographic comes to us from New York Life Investments, and it showcases how this new paradigm will shape … Read more