CBO Forecasts $12 Trillion More Debt By 2029

by Grover Here’s an article from MarketWatch about the Congressional Budget Office (CBO) forecast for the next 10 years. In essence, they are predicting that we’ll have average deficits of $1.2 trillion per year for the next decade. Of course, that is only “on budget” forecasts. They don’t include “off budget” items like emergencies or disasters. In 2019, … Read more

Is China’s Debt Crackdown Hitting California’s Commercial Real Estate Bubble?

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The moment the money runs out. Oceanwide Plaza – a three-tower condominium, hotel, and retail complex expected to cost over $1 billion – is one of the largest real estate projects in downtown Los Angeles. It was scheduled to be completed in 2019. The owner and developer, Oceanwide Holdings, is a … Read more

The Stratospheric Polar Vortex is Behaving Exactly Like Earth’s Magnetic Field

by Skippy The Stratospheric Polar Vortex is weakening and shifting towards Eurasia: https://www.sciencealert.com/satellite-d…s-shifting Earth’s Magnetic field is weakening and shifting towards Eurasia: https://www.scientificamerican.com/artic…etic-flip/ There is a direct correlation between geomagnetic activity and global temperature and weather patterns: https://wattsupwiththat.com/2014/02/01/a…ts-causes/  

WATCH! Maxine Waters Goes BERSERK on CNN, Explodes on Trump During Insane Rant

Martin for Ilovemyfreedom.org reports, Rep. Maxine Waters went berserk on Sunday and said President Donald Trump needs to “shut up.” During an interview on CNN, the California Democrat attacked the president, claimed he is an incompetent leader who can’t make a deal, and argued that he doesn’t understand how Congress works. https://www.youtube.com/watch?v=ACGNz4NWyDk Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/watch-maxi… … Read more

Trending Toward Zero: Home Price Growth Slumps to 4-Year Low

via MarketWatch: The numbers: The S&P/Case-Shiller 20-city index rose a seasonally adjusted 0.3% in November compared to October and was 4.7% higher compared to a year ago. That was the slowest pace of annual growth since January 2015. What happened: Home price growth just kept slowing as housing headwinds gathered late last year. The headline number for … Read more

Topping pattern 2008 vs 2018

via @Analyst_G: aka Wyckoff Logic. Enjoy!   via @KimbleCharting: via @OccupyWisdom:   21 HISTORICAL CASES OF WHEN THE 100 DAY CROSSES THE 200 DAY AVERAGE IN THE $SPX Over 95% = new low, retest low or re-tracement Over 80% = significant re-tracement 2/    

A bulk of the 24 hour temperature falls

A bulk of the 24 hour temperature falls (as of 8 am Tuesday January 29), which are notable, lie across the central part of the lower 48. Moderation was limited to the Southwest, areas near the Great Lakes, and portions of the East. pic.twitter.com/2qbujpkJn0 — NWS Weather Prediction Center (@NWSWPC) January 29, 2019 Heavy lake … Read more

Sharp slowdown in credit card transaction data, new factory orders suggest that global trade activity will slow further, oil is tanking again on fears of global slowdown

Given the sharp slowdown in credit card transaction data, safe to say that retail sales will miss to the downside. $TLT $SPX pic.twitter.com/vHZErtjEE3 — Teddy Vallee (@TeddyVallee) January 29, 2019 Retail sales from First Merchant not looking great. pic.twitter.com/uK2BbC3tCd — Teddy Vallee (@TeddyVallee) January 29, 2019 New factory orders suggest that global trade activity will … Read more

US Treasury to Borrow $1 Trillion for 2nd Year to Finance Debt – Who Holds The Power

by Thinker BATTLE FOR WORLD / BLOOMBERG – January 28, 2019: In the normal scheme of things for the United States to maintain…all of its war activities throughout the world it has increased yet again the U.S. debt. The Bloomberg article highlights that the U.S. Treasury Department is set to maintain elevated sales of long-term … Read more

Thanks, Fed! Top Banks Pay-Out $152 Billion In Buybacks And Dividends During 2018, But Reinvest Only 1.6% Of Profits

via CNBC: Twenty-one of the nation’s largest banks spent $152 billion on buybacks and dividends in the most recent year, analyst Dick Bove says. The money went mostly to people who wanted nothing to do with their banks (sold their stock back to the banks) and the banks received nothing in return. Investors, Bove says, … Read more

All Hands on Deck: China Urges Insurance Companies to Prop up Stock Market

via caixinglobal: China is encouraging insurance companies to invest more of their $2.65 trillion of assets in securities as part of the government’s efforts to bolster liquidity and revitalize the gloomy capital markets. The commission wants insurance institutions to use their long-term funds to invest in more high-quality stocks and bonds and expand their investment through … Read more

Even Fitch starts to see cracks … Wow… Morgan Stanley’s chief equity strategist is telling investors that they need to get out of stocks right now

Fitch Ratings: Global Bank Rating Out-looks More Negative Than In Mid-2018 https://t.co/xdYmpqRT3X — LiveSquawk (@LiveSquawk) January 29, 2019 Positive S&P500 price action despite fewer beats, more misses, UBS says: Proportion of comps beating/missing expectations has turned neg. 44% of reporters beat on rev, down from 61% in Q3; 61% beat on earnings down from 75% … Read more

I Read The News So You Don’t Have To – Market News (January 29, 2019)

by ogordained UNITED STATES Futures are flat ahead of Apple’s earnings announcement after market close Amazon and Microsoft will be particularly susceptible to any bad news Apple is working to fix a glitch FaceTime which allows users to listen to the recipient before they have answered a call America’s envoy to Afghanistan said the US and the Taliban have forged a … Read more

Global Stocks are mixed this morning as US stocks decline with worries about a potential fallout from criminal charges against Huawei Technologies.

by QuantalyticsResearch   US Stocks US prosecutors have formally filed criminal charges against Huawei Technologies, raising fears about the potential for a breakdown in talks between US and China trade officials Bloomberg suggests the rotation into defensive stocks which started in late CY2018 points to a market bottom and an end to the current correction … Read more