Those who can’t do, demand. by Robert Gore at Straight Line Logic Profit propels civilization. When a producer can make an item or provide a service at a cost lower than a customer values that item or service, and the customer has the means and the freedom to buy, the difference between what’s paid over cost is … Read more
Authored by Ian Lecklitner of MEL Magazine Turns out, clearing out a Target or Walmart, then reselling it all on Amazon, can make you enough money to pay off your house. On one of my more recent voyages down a YouTube wormhole, I was introduced to a suspiciously profitable practice called retail arbitrage. The concept is fairly simple: You … Read more
by Michael Snyder The government shutdown is over, Roger Stone has been arrested, and the left is having a field day on social media. And even though we could have another government shutdown in just 3 weeks, the Democrats and the mainstream media are acting as if they had just won the lottery, the World Series … Read more
Nicolas Maduro’s embattled Venezuelan regime, desperate to hold onto the dwindling cash pile it has abroad, was stymied in its bid to pull $1.2 billion worth of gold out of the Bank of England, according to people familiar with the matter. The Bank of England’s decision to deny Maduro officials’ withdrawal request comes after top … Read more
by Shaun Richards In these times of ultra low interest-rates in the western world anywhere with any sort of interest-rate sticks out. In the case of Argentina an official interest-rate of 60% sticks out like a sore thumb in these times and in economic terms there is a second factor in that it has been … Read more
By Irina Slav Excess supply of gasoline coupled with slow demand has pressured refiners margins, Reuters reports, noting refining margins for the fuel in the United States sank to US$45.70 a barrel yesterday. The drop follows the fourth weekly increase in gasoline inventories in the U.S., all of them quite hefty, leading to an all-time high … Read more
BY JOHN MAULDIN There’s no end in sight to the trade war between the US and China. Beijing has many tricks up its sleeve. But China’s labor market has its own dynamic. The first signs of Chinese economic weakness are showing up. A Deteriorating Job Market From my friends at Gavekal Dragonomics, written by Ernan Cui: China’s … Read more
From Birch Gold Group As we enter 2019, the U.S. national debt continues to grow, approaching $22 trillion with global Government debt sitting at $72 trillion. It seems like the 21st century is hitting the U.S. with a debt “haymaker,” according to CNBC (emphasis ours): U.S. debt began accelerating at the turn of the 21st century. The total jumped 85 percent … Read more
via Jim Kunstler Ill winds sweep across the fruited plain in the cruel heart of winter. America can resolve nothing. The state-of-the-union is a kind of hysterical nausea, and the nation hunkers into its crib of toxic diverse identities waiting for history to bitch-slap it back on its feet. History’s big sister, Reality, stands by, witnessing all. Spring… … Read more
BANK RUN TAKING PLACE IN FRANCE 25 January 2019 “Yellow Jacket” protesters have actually commenced a BANK RUN against banks in France today. Hundreds are lined up outside bank branches and Automated Teller Machines pulling out their money. This effort was first put forth as an idea about two weeks ago, but nothing much seemed … Read more
by Simon Black It’s been more than a month since the federal government shut down. We all know the familiar story of the 800,000+ workers, and the millions of contractors, who are not receiving paychecks. (Plus there are millions of other workers and small businesses in the private sector whose incomes depend at least partially on … Read more
BY SRSROCCO The second largest copper mining company in the world saw its stock price plummet by nearly 15% today due to poor earnings. Freeport-McMoRan’s fourth-quarter net income fell nearly 90% compared to the same period last year. The large decline in net income was attributed to falling production, due to scheduled maintenance, and lower … Read more
by Daniel LaCalle via Mises Wire The recent macroeconomic data of the leading economies point to a widespread slowdown. What is more concerning is not just a logical moderation in the path of growth, but the acceleration in the weakening of economies that were supposed to be stronger and healthier. It is even more concerning that this aggressive … Read more
by WARREN MOSLER Agent Orange, AKA Tariff Man, taking down the global economy: Intel Projects Slower Revenue Growth This Year (WSJ) Intel Corp. reported a 9% gain in revenue. Customers’ robust appetite for server chips boosted data-center businesses by 45% through the first nine months of 2018, but now those buyers need to digest those … Read more
BREAKING: Pelosi and Schumer REACT After President Trump Gives them 3 Weeks To Fund the Wall https://www.youtube.com/watch?v=O2_fx383evo
via KXAN: An evaluation by the Texas Secretary of State’s office discovered that about 95,000 people identified by the Texas Department of Public Safety as non-U.S. citizens have a matching voting registration record. The state claims 58,000 of those people voted in one or more state elections over 22 years. For perspective, during the 2018 Gubernatorial election, more than … Read more
A dam has failed at an iron ore mine in southeastern Brazil, unleashing a massive mudflow that buried the mining site and reached a nearby community, local officials say. At least 50 people were killed. The incident happened on early Friday afternoon when a tailings dam holding mining waste failed in Brumadinho, a town … Read more
via fox5dc: FOX NEWS – As the gun-control debate continues to rage, a survey released this month by the Department of Justice (DOJ) showed that many armed criminals have relied on the black market for guns. Based on the 2016 Survey of Prison Inmates (SPI), about 1 in 5 – 21 percent – of all state and federal prisoners … Read more