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Stocks gyrated on Wednesday as Wall Street tried to interpret a release from the Federal Reserve which summarized its crucial meeting last month where the central bank indicated it would be patient on future rate hikes. As of 2:30 p.m. ET, the Dow Jones Industrial Average traded 21 points higher and briefly rose nearly 100 points. The S&P … Read more
Your phone and TV are tracking you, and political campaigns are listening in It was a crowded primary field and Tony Evers, running for governor, was eager to win the support of officials gathered at a Wisconsin state Democratic party meeting, so the candidate did all the usual things: he read the room, he shook … Read more
Attorney General Bill Barr could announce as soon as early next week that special counsel Robert Mueller has completed his investigation into Russian interference in the 2016 election, according to a new report. Barr plans to submit to Congress a summary of Mueller’s confidential report on the two-year investigation, CNN reported Wednesday. Mueller is required to submit … Read more
The Final Version of the EU’s Copyright Directive Is the Worst One Yet Despite ringing denunciations from small EU tech businesses, giant EU entertainment companies, artists’ groups, technical experts, and human rights experts, and the largest body of concerned citizens in EU history, the EU has concluded its “trilogues” on the new Copyright Directive, striking a deal that—amazingly—is worse than any in the … Read more
by Natura Naturans AM-PM Roundup Gold Soars To 10-Mo. High; Powerful Bulls Looking For More Upside Jim Wyckoff Jim Wyckoff Tuesday February 19, 2019 13:31 Kitco NewsShare this article: (Kitco News) – Gold prices are strongly up and hit a 10-month high in early-afternoon U.S. trading Tuesday. Technical buying, some geopolitical uncertainties and ideas of easier … Read more
By David Stockman https://twitter.com/macrodidact/status/1098172413337051137 “Surveys show increased credit card debt and lower savings in 2019” @Bankrate @SoberLook H/T @LizAnnSonders @DiMartinoBooth pic.twitter.com/vYHUAhH4ep — The Long Game (@7LongGame) February 18, 2019 Deficit will be worse & debt will be higher than what CBO is forecasting if @GoldmanSachs’ estimates are right@SoberLook pic.twitter.com/hu16JMV8vX — Liz Ann Sonders (@LizAnnSonders) February … Read more
by Cravati There are 4 basic reasons people came in to purchase a car. Current car is messy: I sold a ton of cars to people who’s current car they hated simply because it was dirty. Some elbow grease or paying for a good detail could have saved them $20k. Wanted new technology: I sold … Read more
by bartturner Apple overreached for sure. People followed Apple rapidly from $400 for a new phone over a few years to $800 a phone, aided by cell phone companies amortizing the costs into people’s plans over a long term. But $1000 to $1200 for a phone with virtually the same features? A lot of people … Read more
via yahoo: Washington (AFP) – More massive than the US economy, the national debt hit a new record of $22 trillion under President Donald Trump but Republicans who traditionally rail against debt and deficits have remained mum. The sum of borrowing to cover chronic deficits as well as growing interest payments, this mountain of debt … Read more
On December 19, Jay Powell stepped to the microphone after the Federal Reserve had raised short-term interest rates and began his press conference. The market was concerned. The two-year rate on government bonds was at 2.65% and was higher than the 5-yr (2.62%) and inching perilously close to the 10-yr at 2.76%. The Fed typically … Read more
Most investors have heard of the “Buffet Indicator”, a simple but effective way of looking at the size of the stock market compared to the size of the economy. But have you heard of Mike Maloney’s “Market Fragility Index”? It’s an extension of the Buffet Indicator that introduces some very important data. Check out this … Read more
Don’t Get Run Over As The Meltdown Gets Worse https://www.youtube.com/watch?v=LfwMOyvIzgg pic.twitter.com/WocS2vO0mH — Alastair (@StockBoardAsset) February 20, 2019 China imports from U.S. continue to plunge. I’m sure S&P500 earnings will be unaffected. #tradewar pic.twitter.com/GblOCqnODi — Greg (@GS_CapSF) February 20, 2019 https://twitter.com/DavidInglesTV/status/1098011547257921536
Prions isn’t a disease it’s a symptom-causing misfolded brain protein transmitted only through the consumption of neural matter you morons: http://archive.is/QiSCn
by Geoffrey Grider Jussie Smollett’s hoax is symptomatic of America’s illness. Because of the mainstreaming of academia’s victimhood culture, we are now in a place where we place more value on being a victim than on being heroic, charitable, or even kind. Victims or victim groups high on intersectionality points are supposed to be coveted, … Read more
Socialists operate on “MMT”, Modern Monetary theory”. It basically says spend like there is no tomorrow. It’s OK, don’t worry about it. Germany in the 20’s, Zimbabwe, and Venezuela were ALL on MMT. While there has been much disagreement among the financial elite about the ultimate consequences of central bank activism and market manipulation, with … Read more
Is it ok that meetings are happening in SECRET with the Treasury and the Fed with the most powerful companies? There are many influential companies in the world. Financial companies tend to have the tallest buildings, the most collusion with government, and the ability to withstand any form of reduction in their size and power. … Read more