Alexandria Ocasio-Cortez hails Amazon’s possible pullout from NYC

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Alexandria Ocasio-Cortez applauded news on Friday that Amazon is reportedly reconsidering its plans to build a second headquarters in New York City as it faces fierce opposition from some state and city officials. “Can everyday people come together and effectively organize against creeping overreach of one of the world’s biggest corporations Opens a New Window. … Read more

Danielle DiMartino: “I find this to be highly ironic (Powell’s remarks on inequality) because the Fed has been instrumental in widening inequality by looking like they want to prop up Wall Street and the top 1%…who own 80% of stocks.”

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"I find this to be highly ironic (Powell's remarks on inequality) because the Fed has been instrumental in widening inequality by looking like they want to prop up Wall Street and the top 1%…who own 80% of stocks." @QuillIntel on @FBN:AM —https://t.co/EDTGcTswOg — Danielle DiMartino Booth (@DiMartinoBooth) February 8, 2019  

If you think QE4 will raise world trade I think you should think it twice. CBs are panicking because there is no way out.

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If you think QE4 will raise world trade I think you should think it twice. CBs are panicking because there is no way out. Overcapacity which they have created on ZIRP and QE after 2008 needs to unload as market said – can’t take more consumption even on NIRP. #1929Reudux https://t.co/eSIGOXQ5gw — GregTheAnalyst (@Analyst_G) February … Read more

US Faces CATASTROPHIC Food Supply Crisis As America’s Farmers Struggle

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by Mac Slavo of SHTFplan American farmers are battling several issues when it comes to producing our food.  Regulated low prices, tariffs, and the inability to export have all cut into the salaries of farmers.  They are officially in crisis mode, just like the United States’ food supply. “The farm economy’s in pretty tough shape,” said John Newton, chief economist … Read more

GOOGLE to Delete Links to Sites Banned in Russia? APPLE, GOOGLE Host Saudi Govt App That Tracks Women

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Reports: Russian authorities make deal with Google MOSCOW (AP) — Russian news reports say that Google has agreed with national authorities to delete links to websites banned in Russia. The daily Vedomosti reported Thursday that Google has reached an agreement with the Russian state media oversight agency, Roskomnadzor, to regularly receive updated lists of banned … Read more

The State of the American Debt Slaves, Q4 2018

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Consumers are doing their job only in a lackadaisical manner. But the student-loan scheme is hot. It’s a tough job, but someone’s got to do it: Propping up the massive US economy. And consumers are doing it, but in a somewhat lackadaisical manner when it comes to spending money they don’t … Read more

Recession: I Missed It!

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by Dave For some reason, I forgot to check my favorite pre-recession indicator after the January Nonfarm Payrolls number was reported last Friday: “Working part time/economic reasons.” See the chart below.  its a “quarterly” chart, so the moves stand out a bit more, but Q1 is not looking very good at all right now.  At … Read more

A house price crash in Australia would require a $300 billion government bailout.

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via news.com.au: The Reserve Bank could be forced to step in with a $300 billion bailout program to rescue Australia’s banks if the housing credit crunch accelerates into a “doom loop” that causes property prices crash by 50 per cent, plunging the country into recession. That’s according to Saxo Bank’s latest “Outrageous Predictions” report, which outlines a … Read more

Goin’ Down! Fed Continues Balance Sheet Shrinking Of $14.2 Billion

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by confoundedinterest As Bruce Springsteen famously mumbled, The Fed’s Balance Sheet is “Goin’ Down.” As of Feburary 6, 2016, The Federal Reserve of New York further shrank The Fed’s Balance Sheet by $14.2 billion. This week it was $11.665 billion of US Treasury Notes and Bonds and $2,525 billion of US Floating Rate Notes. For a grand … Read more

The Big Government Show Must Go On

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by MN Gordon Another week.  Another week of distractions.  On Tuesday, for instance, was the great State of the Union Address.  To this, many opinions and observations have been offered.  Here, we’ll contribute several of our own… President Trump is a showman of stout ego.  How he must have relished the run-up to Tuesday’s primetime address with … Read more

Bank Willingness To Lend To Consumers Drops To Zero

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by confoundedinterest It seem s that banks willingness to lend to consumers hass fallen. Perhaps it should be an index of “Willing.” Bank willingness to lend to consumers, a prime driver of Federal Reserve monetary policy, typically slumps to zero before a recession. Yes, as The Fed continues to unwind its balance sheet, bank willingness to lend to … Read more

Don‘t fight the Fed

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Don‘t fight the Fed pic.twitter.com/QaSUCbjBuC — mcm-ct.com (@mcm_ct) February 8, 2019 The Fed sees what is coming – they are preparing for the storm pic.twitter.com/FVngAx0hCI — Alastair (@StockBoardAsset) February 8, 2019 https://twitter.com/PuffDragon11/status/1093906669740863488

The US and China don’t even have a trade deal draft yet as deadline approaches

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https://www.cnbc.com/2019/02/08/the-us-and-china-dont-even-have-a-trade-deal-draft-yet-as-deadline-approaches.html The Wall Street Journal says the two sides have not even drafted an accord specifying the matters they agree and disagree on. The report comes just a day after White House economic advisor Larry Kudlow said there is a “pretty sizable distance to go” before China and the U.S. reach a deal. President Donald … Read more

The amount of vacant homes in the United States is six times the amount of individuals without a place to sleep at night.

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by EmoHaircut There are roughly 18.6 Million vacant homes in the United States, while there are an estimated 3.5 Million Americans who experience homelessness. 40,000 of those Americans who experience homelessness are United States military veterans. This comparison of numbers of vacant homes and the homeless population over the last ten years makes a bleak … Read more