Bloomberg article tl;dr – Compared with hard economic data, [market-based models that predict recessions are] more forward-looking. But not only can markets get it wrong, they’re also prone to rapid reversal, undermining their reliability as the harbingers of doom. “You cannot get the equivalent of a thousand-point drop in the real economy in 24 hours, … Read more
by WhenLuggageAttacks Wall Street Journal Article – Link for Subscribers Wall Street Journal Article – Link for Non-subscribers tl;dr – The report, known as the beige book, was based on information collected through Jan. 7. With the usual flow of economic data constricted by the partial government shutdown, the anecdotes compiled in the beige book will … Read more
The [DS] is pushing their agenda and using all their ammunition, when the time is right boom. Trump took the hammer to Pelosi and has exposed what they were up to. The caravan is moving towards the border. The code by Maggie is now revealed, it seems that [RBG] will most likely retire this month … Read more
via businessinsider: A startup called Ambrosia that charges $8,000 to fill your veins with the blood of young people is now accepting PayPal payments for the procedure online. Jesse Karmazin, a Stanford graduate who founded Ambrosia, told Business Insider this week that the company was up and running in five US cities. Ambrosia recently completed its first clinical trial designed … Read more
by Graham Summers of Gains, Pains, & Capital This week is options expiration week… Wall Street’s favorite time to ramp the markets in order to insure the maximum number of options contracts expire worthless. THIS, nothing else, is why the markets rallied this week. Tweets from the President or some statement by a Fed official were simply the … Read more
via UPFINA The government shutdown is now 27 days old and shows no sign of letting up. According to Oxford Economics, the shutdown will hurt GDP growth by 0.2% if it continues until the end of the month and 0.6% if it lasts the whole quarter. The longer the shutdown lasts, the larger the multiplier, … Read more
from Financial Survival Network Jordan Goodman asks between the shutdown, trade issues, the deficit, the student loan bubble, the auto loan bubble, etc., what’s an investor to do? The only surprise is that the market hasn’t taken a bigger hit, but there’s time. Interest rates appear to have peaked at the present time, but is that enough … Read more
Via The Babylon Bee U.S.—The economic toll of the government shutdown is growing by the day, and experts now believe the cost of having the government partially closed down is nearly as bad as the economic toll of a functioning government interfering in our economy, businesses, and private decisions in the first place. “It’s really … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Wow, that was fast. Margin calls. During the ugly stock-market December, whose ugliness bottomed out on Christmas Eve, a nasty November, and the ugliest October anyone can remember, margin debt plunged by a combined $93.8 billion, the most since Q4 2008, after Lehman Brothers filed for bankruptcy. In December alone, margin … Read more
by sundance In November of last year the New York Post interviewed President Trump asking specifically why he was not declassifying “spygate” documents, and inquiring about the purpose for his reluctance. President Trump responded: “Maybe it’s better that the public not see what’s been going on with this country.” Many people were disappointed, but its always been President Trump’s … Read more
Umich confidence is collapsing and the blame goes to the shutdown. China has just extended an olive branch and they will increase trade by 1 trillion during the next 6 years. Trump and the patriots have been talking about the plan for many years, they have not been hiding he plan, actually the plan is … Read more
via pjmedia: Well, well, well. In a case of “we told you so,” liberals who work in the restaurant industry are finding that 2019 has brought them fewer hours at work. Sure, they now get that beloved $15 an hour (why just $15 an hour? Why not $20 or $25 or even $100 an hour?), but … Read more
by ED “BUZZFEED EDITOR-IN-CHIEF BEN SMITH IS HAVING A TERRIBLE, HORRIBLE, NO-GOOD, VERY-BAD DAY,” Twitchy notes; but we’ll come back to them in just a second. First up, Colby Hall of Mediaite writes, “Buzzfeed News Bombshell Reporter: No We Have Not Seen the Evidence Supporting Our Report:” Anthony Cormier is one of the two investigative reporter at BuzzfeedNews who co-authored … Read more
Prominent gay rights activist and political fundraiser Terry Bean has been indicted in Lane County on two counts of sodomy and one count of sexual abuse. Bean pleaded not guilty during an arraignment on Thursday. The indictment was originally filed on Jan. 4 but was only made public after Thursday’s arraignment. According to the indictment, … Read more
TradersChoice.net, Released on 1/18/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more
by Jesse Colombo Tesla stock plunged nearly 13% today on news that the company will lay off about 3,000 employees or 7% of its total staff as speculation mounts that demand for its Model 3 sedan is falling. Here’s an excerpt of the email Tesla Chief Executive Elon Musk sent to employees: As we all experienced first-hand, … Read more
This article was originally published by Ryan McMaken at the Mises Institute During this partial government shutdown, it’s become nearly impossible to avoid news articles, and segments on television and radio outlining the many ways that federal employees are apparently suffering financially as a result of the partial government shutdown. The stories are very diverse in topic. Some … Read more
by sundance While reading a great article by Mollie Hemmingway at The Federalist, something stands out that might lend a cautious amount of optimism toward ongoing ‘spygate’ investigative inquiries and accountability. There are two distinct differences in the Bruce Ohr testimony as compared to all others released or revealed so far. The known list of witnesses questioned … Read more
There’s long been anxiety over total lunar eclipses, also referred to as ‘blood moons’ for the reddish hue that the shadow of the Earth casts on the full moon during the not-really-that-rare event (it happens about every one to three years on average). Often thought of as a bad omen by various prognosticators of assorted … Read more
Trump is also in the process of ending Federal Taxes. Doesn’t this make ones heart go pitter patter? Finally, a President who gets it. Published on Jan 16, 2019 H.R. 25, a bill to Abolish the IRS Enters Congress. A path to freedom!