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By Robert Ross Bernie is back. Yes, Bernie Sanders—the self-described socialist—has tossed his hat back into the race for president. This time the senator from Vermont is getting much more support. In fact, Bernie raised a record $6 million from more than 225,000 donors within a day. But he is not the only Democratic candidate … Read more
By Robert Ross Last week, Amazon announced that it would launch its own grocery chain. This is Amazon’s second big leap into groceries. In 2017, the company bought grocery chain Whole Foods for $13.7 billion. All of this prompted a number of speculations about Amazon’s move into “offline” retail. While Whole Foods gave Amazon access … Read more
https://bloximages.newyork1.vip.townnews.com/ilnews.org/content/tncms/assets/v3/editorial/3/64/364b5ab2-3f92-11e9-a710-933a60cb0ff9/5c7ef1ebd1faf.video.mp4 via ilnews: Legendary investor Warren Buffett said he wouldn’t “walk into liabilities” by expanding in states like Illinois or New Jersey, which carry billions in pension debt. In an interview with CNBC, the Oracle of Omaha was asked about how he sees unfunded pension liabilities affecting the economy in the next ten years. “In the … Read more
TradersChoice.net, Released on 3/6/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more
by Lance Roberts Since the beginning of the year, the market has rallied sharply. That rally has been fueled by commentary from both the Trump Administration and the Federal Reserve of the removal of obstacles which plagued stocks in 2018. The chart below is an abbreviated, and a bit sarcastic, version of events. While the … Read more
by Kurt Schlichter There are not that many Never Trumpers anymore, though the media (and the remnant Never Trumpers) try to fool you into thinking so. The honest Never Trumpers, the ones who thought that this orange New York real estate developer with the succession of hot wives was not a real conservative and would betray … Read more
From Birch Gold Group Tax filing season is underway, and scammers are wasting no time when it comes to adjusting their cons accordingly. Until we meet the IRS deadline in April, citizens should be on alert for fraudsters reaching out to them and posing as government agents looking to “settle bills”. The IRS is very much … Read more
by Adam Taggart There’s an important battle going on in the market today. The S&P 500 cracked below its 200 daily moving average (DMA) this morning and the usual suspects have been trying to undue the damage ever since. A major attempt to rally failed two hours ago, leaving only an hour left for the authorities … Read more
by TFittonJW And you wonder why I often look like I am going to explode… Judicial Watch told Congress directly to change the law: And here:
MP seeks government control of Social Media (Link to article below) https://www.cbc.ca/news/politics/face…
via Grant’s Interest Rate Observer On Monday, the Real Estate Board of Greater Vancouver reported February results that could be classified as ghastly, with residential home sales plummeting 32.8% year-over-year to 1,484 units. That’s the lowest February sales total since 1985 and 42.5% below the 10-year average. Prices have also broken lower, with the composite index sinking … Read more
via CNBC: Houston and San Francisco are separated by two states, approximately 1,934 miles and about four-and-a-half hours in the air. Still, a Houston-based law firm thinks a long-haul commute is actually the frugal and practical choice. That’s because the cost of living in San Francisco is among the highest in the country. In San Francisco proper, … Read more
via Yahoo: A rising number American households are grappling with rising borrowing costs and consumer loan delinquencies — a worrying trend that could indicate an economic slowdown is at hand, Deutsche Bank warned on Wednesday. As U.S. consumers rack up a record amount in credit — a recent Federal Reserve report showed outstanding consumer debt topped a record … Read more
via Reuters: The U.S. Federal Reserve said on Wednesday it would no longer flunk banks based on operational or risk management lapses during its annual health check of the country’s domestic banks. The “qualitative” portion of the 2019 test, however, will still apply to the U.S. subsidiaries of five foreign banks subject to the annual … Read more
via businessinsider: More than 5,300 stores are expected to close in 2019. Family Dollar, Abercrombie & Fitch, and Chico’s announced nearly 800 store closures on Wednesday. Gap, JCPenney, and Victoria’s Secret announced more than 300 store closures over the course of 24 hours last week. Payless has said it plans to close all of its 2,500 stores in what could be the largest … Read more
via safehaven: Deutsche Bank (DB) is getting desperate, and Wall Street is ditching it—fast. The most recent quarterly results were dismal, one of its investors has been turned into a paid advisor, and now there is talk about closing down the bank’s equities trading branch over losses of around $750 million last year, according to the Wall Street Journal. … Read more
via Bloomberg: European Union governments unanimously rejected a list of foreign jurisdictions posing higher risks of money laundering, criticizing officials in Brussels for drawing up the document in a flawed manner. The list was presented last month by the European Commission, the EU’s executive arm, as a measure to protect the financial system from dirty-money risks … Read more
With seemingly everything except precious metals in a bubble, it can be quite hard to keep your eye on the ball. Join Mike Maloney as he uncovers what could potentially be a huge factor in the next crash – insane levels of corporate debt.
by fionnbharr Here’s another. Be careful your chin doesn’t hit the edge of your desk, because the results of this discussion led to the Health Manintenance Organisation Act of 1973 : – This is a transcript of the 1971 conversation between President Richard Nixon and John D. Ehrlichman that led to the HMO act of 1973: John … Read more
by AMillionPI The first thing that comes to my mind when hearing the word ‘capital’ is money (that can be used to invest / enhance the power of a business). Capital can be understood as resources that are available to achieve a specific set of goals. Capital does not always necessarily refer to money used by businesses … Read more