Via Marketwatch All at once, storm clouds are gathering over the world economy. The International Monetary Fund has cut its estimates for global growth in 2019, citing concerns about weakness in Europe. China just had its slowest GDP growth since 1990, and President Xi Jinping reportedly has held secret meetings warning Communist Party leaders to prepare for “black … Read more
by Jesse Colombo The global elite are meeting in Davos, Switzerland this week and are richer than ever. Bloomberg reports – A decade after the financial crisis poured flat champagne on the World Economic Forum, gold-collar executives set to gather there this week have bounced back, and then some. David Rubenstein has doubled his fortune since 2009. … Read more
NBC raises eyebrows over $400 million relationship with BuzzFeed NBCUniversal invested $400 million in BuzzFeed and the two companies have a “strategic partnership,” raising eyebrows about why the Peacock Network isn’t more transparent when covering the controversial website. NBC News and MSNBC fawned over BuzzFeed’s now-debunked report claiming President Trump directed his former attorney Michael Cohen … Read more
by Jesse Colombo ZeroHedge published an article I found interesting called “For Silicon Valley’s Startups, The Bill Is Finally Coming Due“: Silicon Valley startups like Hustle, an ad-messaging company that spent lavishly on things like on-tap kombucha and arcade games for employees, are learning the hard way that party is coming to an end and … Read more
Covington Catholic Is the Terrible Sequel to the Kavanaugh Case. “But this is America in 2019, and it’s full of rage and hate. And parents of young men know that hostile people would instead want to destroy your child’s life. They would want to destroy your own livelihood. They would wish violence on him and … Read more
The US Federal Reserve is investigating how Deutsche Bank handled billions suspicious payments from Danske Bank, as regulators try to unravel who was involved in one of the largest financial scandals in history. Citing people familiar with the matter, Bloomberg said the probeis in early stages and is looking at Deutsche Bank properly monitored funds from … Read more
Being rich is immoral: http://archive.is/NT4F6 Lyke so relatable guize: https://twitter.com/AOC/status/108790…
by spontaneousdisorder I thought I’d briefly point out a couple of sentiment indicators. The markets got oversold about a month ago but a sharp rally has already worked off that condition. The daily sentiment index has already reached 73% in the S&P and in the investors intelligence survey bears are reduced to just 21.3% and … Read more
Liquidity collapsed to multi-year lows in December. While brokers believe that dovish messages on rates from central banks will solve the issue, I believe they miss a bigger picture: Banks are likely to significantly reduce credit growth due to lower demand, not lack of supply pic.twitter.com/GjNPdgEqMV — Daniel Lacalle (@dlacalle_IA) January 23, 2019 These earnings … Read more
As of right now, it has been 1,876 trading days since $SPX last saw a -5% day; the 4th longest stretch ever. @nunziato_frank wanted to know about all such days in $SPX history (going back to inception in 1923), so this is for him. Do not look at it if you are not Frank. NO! … Read more
by Charles Hugh-Smith No wonder the ruling elites love how easily we’re distracted and divided against ourselves: it’s so easy to dominate a distracted, divided, blinded-by-propaganda and negative emotions populace. Let’s say you’re one of the ruling elites operating the nation for the benefit of the oligarchy. What’s the best way to distract the populace from … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Probably now enduring its most protracted period of price suppression since records began.” Here is an interesting and colorful tidbit on the housing market in Prime Central London, one of London’s most expensive areas and once the hotbed of London’s breath-taking property bubble, and now a deep morass. London Central Portfolio … Read more
by Michael Snyder This government shutdown is really starting to take a toll on the U.S. economy. On Wednesday, the chair of the White House Council of Economic Advisers made an absolutely stunning admission. We all knew that the global economy was slowing down, and we all knew that U.S. economic activity was beginning to sputter, but up … Read more
by DCG I wouldn’t expect anything less from sanctuary California. From SF Gate: California Governor Gavin Newsom wants to use $20 million of state funds to create an “Immigration Rapid Response Program” that provides aid to migrants who arrive at California’s border. In his recently-released 2019-2020 budget, Newsom proposed giving $20 million to humanitarian organizations and non-profit entities … Read more
by John Ward The Cabinet having failed to get past Plan A (iii) on Brexit, the Bercow-Grieve empowered Commons foodies have been engaging in febrile sorcery. Plans B to F are the result. Together, they represent amendments demanding a seat at the already crowded Top Table. Sadly, they also combine narrow political agendas with minimal reality. … Read more
by Dr. Eowyn Do you still doubt that there is a global élite who work covertly for a one-world government? Recall that: In 1988, in an essay in The Economist (which is partly owned by the Rothschild family), Lord Jacob Rothschild predicted a world governmentand the dissolution of national economic boundaries by 2018, when the world would be united under a single … Read more
by WARREN MOSLER Bad: Highlights Mortgage rates began to move down in December but it wasn’t soon enough to help the month’s resales. Existing home sales fell a sharper-than-expected 6.4 percent to a 4.990 million annualized rate that is the lowest in more than three years and barely makes Econoday’s consensus range. Weakness across the … Read more
By Osama Rizvi Last year, oil prices rallied all the way up to a four year high before plunging more than $30. There were many factors at play during that volatile period, most notably the Iranian sanctions and the resultant promise by OPEC+ to boost production to avoid a supply shortage. Volatility appears to have … Read more
We are ‘worst prepared’ for a crisis in the post-war era, IIF CEO says from CNBC. via CNBC: Government debt hit $66 trillion through the end of 2018, or about 80 percent of global GDP, according to Fitch Ratings. An official at the agency said the high debt levels could hamper countries as financial conditions … Read more