Dow Wow

by northmantrader The $DJIA got to within 3% of all time highs yesterday. Quite the feat from being down 20% off the highs just 9 weeks ago. Credit where credit is due: Jawboning works. From the Fed’s 180 turnaround on policy to the constant carrot dangling of a supposed imminent China trade deal this rally has … Read more

IRS Interest rates remain the same for the second quarter of 2019

by these-things-happen   The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning April 1, 2019. The rates are: • six (6) percent for individual overpayments (refunds) • six (6) percent for individual underpayments (balance due) Under the Internal Revenue Code, the rate of interest is determined on … Read more

More Evidence that the Bears Have it Dead Right

by David Haggith In my last article, “The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions,” I laid out my first prediction for 2019 — a recession by summer. I don’t want the following revelations and facts that I have since come across to get lost in comments I recently posted to that … Read more

Tax Day Draws Closer…for the 56% of Americans Who Pay Any Federal Income Taxes

via MarketWatch: The Tax Policy Center estimates how many people paid no federal individual income taxes in 2018 Tax-filing season has begun. Americans have until April 15 to file their income taxes. There’s been some good news for workers over the last year: Unemployment hovers at 3.9% and average hourly earnings rose by 3.2% on the year in December. … Read more

Italian Beef: With Higher-Taxes Populists Like This, Who Needs Socialists?

via businessinsider: Italy faces a fresh budget fight just months after ending a near six-month saga surrounding spending, after media reports in the country suggested the coalition government could move to raise taxes. Government officials moved to squash the rumors. Finance Minister Giovanni Tria described those responsible for reports of higher taxes as “follies and speculations.” … Read more

Technically Speaking: Sell Today? Risk Vs. FOMO

by Lance Roberts The market is downright bullish. There is little reason to argue the point given the bullish trend since the December 24th lows. Of course, such is not surprising given the Fed’s dovish turn from tightening monetary policy to quietly putting the “punch bowl” back on the table. But yet, this rally is occurring at a … Read more

Is this the Coldest Winter in 83 years?

by Martin Armstrong Vancouver, where it rarely snows, has had five snow storms this year. It has even been reported that snow has fallen in Las Vegas and Los Angeles. Now that is an extremely rare event by itself in addition to Vancouver. The winter cold has been severe this year. It appears that we … Read more

Synchronized slowdown? Worst restaurant data 25 years – worst retail sales in 10 years – housing sales collapsing – Auto delinquencies at 10 year high… So many CEOs leaving their jobs at the moment…

Remember "Synchronized Growth"? How about synchronized slowdown? Global Composite, Services and Manufacturing PMIs. pic.twitter.com/epid9Ll0JQ — Daniel Lacalle (@dlacalle_IA) February 26, 2019 Why are so many CEOs leaving their jobs at the moment? https://t.co/Q8fNWAXUjl pic.twitter.com/ckG3Ct4hgW — Financial Times (@FinancialTimes) February 26, 2019 https://twitter.com/OccupyWisdom/status/1100231888516628480 Pile on auto loans and we are talking real money. https://t.co/CBfOumik3O — Seth … Read more

The BBC is screwed. Tommy Takes Down The Establishment in beautiful form.

I literally screamed “you’re f*cked” at Sweeney and the Producer when he walks out of the interview. This is fantastic.   Tommy Robinson banned from FACEBOOK, INSTAGRAM…  Tommy Robinson, the far-right founder of the English Defence League, has been permanently banned from Facebook and Instagram for repeatedly breaking the sites’ policies on hate speech, Facebook … Read more

India/Pakistan! Air Strikes/ Modi Emergency Meeting w/ Ministers

What we know so far Pakistan @OfficialDGISPR said IAF entered in Muzaffarabad sector and dropped ‘ payload’ near Balakot. It claims no casualties on Pakistan side.@nitingokhale says India seems to have done air as well as ground strike. Official briefing expected. — Milind Khandekar (@milindkhandekar) February 26, 2019 NEW: Reports of heavy Pakistani fighter jet … Read more

Hell freezes over! Jon Stewart Praises Trump justice department

Jon Stewart isn’t joking when it comes to getting the proper funding to help 9/11 responders and their families who continue to deal with the lingering damage from America’s most horrific terrorist attack. The former “Daily Show” host told “America’s Newsroom” those still suffering for their heroic actions “deserve our attention.” “We don’t want the … Read more

Trump is bankrupting the DNC! U.S. Customs and Border Protection seized over $2.3 million dollars’ worth of illegal narcotics over the WEEKEND.

While most of Laredo was celebrating the Washington’s Birthday Festivities over the weekend, U.S. Customs and Border Protection officers kept a sharp focus on border security efforts. LAREDO, TX (KGNS) – U.S. Customs and Border Protection seized over $2.3 million dollars’ worth of illegal narcotics over the weekend. The first incident happened on Thursday, February … Read more

Wall Street Loses Faith In Shale

By Nick Cunningham To Wall Street, the shale industry has lost a lot of its allure. A decade’s worth of promises have failed to materialize, and Big Finance is cutting some of its ties with smaller shale drillers who have not delivered. The Wall Street Journal reports that the shale industry only saw $22 billion in new … Read more

AI Will Add $15 Trillion to the World Economy by 2030

by Frank Holmes, CEO, U.S. Global Investors Photo: bagogames/flickr | Creative Commons Attribution 2.0 Generic (CC by 2.0) A couple of weeks ago, I introduced you to an exciting new company called GoldSpot Discoveries,conceived and headed by mining visionary Denis Laviolette. GoldSpot is the world’s first exploration company to use artificial intelligence (AI) and machine learning in the discovery … Read more