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The House ethics committee today released three charges of ethical wrongdoing against Democratic Rep. Maxine Waters of California. The charges relate to whether Waters gave inappropriate assistance to a bank to which she had personal connections in getting federal bailout money. The committee says Waters organized a meeting in 2008 between Treasury officials and executives … Read more
2nd coldest blast of Arctic air this winter to shock central US, revive winter in East A blast of Arctic air, second in magnitude only to that of late January, will extend from the northern Plains through the rest of the central United States on Friday and spill over into the East during Friday night. … Read more
Superfreeze 2.0 grips the USA, record snow in Pakistan with runoff expected to fill long dry riverbeds, 3000 years dry and Danish Meteorological Institute (DMI) removes Greenland Ice Mass Budget because of too much ice growth. Arctic ice continues to rebound to 2004-2013 levels.
Ryan Saavedra for the Daily Wire reports, Anti-Semitic Rep. Ilhan Omar (D-MN) ran from CNN on Tuesday when the network pressed her over her support for anti-Semitic Boycott, Divestment, and Sanctions (BDS) campaigns against Israel. https://www.youtube.com/watch?v=a01AD6UVEjI Read More/Source/Credit/FairUse: https://www.dailywire.com/news/43103/…
by Dave Kranzler of Investment Research Dynamics “Our advice is to own as little exposure U.S. equity exposure as your career risk allows.” – Martin Tarlie, member of portfolio allocation at Grantham, Mayo, Van Otterloo investment management The following is an excerpt from the latest Short Seller’s Journal: Economy is worse than policy makers admit publicly – Less than four months … Read more
by WARREN MOSLER The ‘labor market’ is not a ‘fair game’ as people need to work to eat, and business only needs to hire if it likes the return prospects, so real wages should be expected to remain depressed without some form of outside support, which broke down in the 80’s with globalization policies, and … Read more
by Martin Armstrong As there is a drive to eliminate cash, police are engaging in illegal search and seizures of debit cards. More and more businesses are refusing to accept cash, which was noted even at a ball game at Tropicana Field in Florida. They announced that during in 2019, they will no longer accept … Read more
https://youtu.be/e5tu8i4SQjM “Chairman I See Your 5 Minutes Is Up” Matthew Whitaker SLAMS Nadler today matthey whitaker hearing in the house judiciary committee hearing this is latest news and breaking news in the current events and business in politics and political news in business and in mueller trump and trump mueller this is ag matthew whitaker … Read more
by -F-B-I- Acting Attorney General Matthew Whitaker testifies before the House Judiciary Committee on the special counsel investigation into Russian interference in the 2016 election. Livestreams: *CSPAN *FOX *House Judiciary Committee Hearings
by Josh Sigurdson and John Sneisen of World Alternative Media Josh Sigurdson talks with author and economic analyst John Sneisen about the continued crash of the auto industry and GM plans 4,000 layoffs this week. This will affect several factories in North America. Now, we aren’t here to blame Trump because this was going to happen one way or another, … Read more
by John Adams of Adams Economics and Martin North via In The Interests Of The People This week Australia’s Central Bank Governor Philip Lowe spoke to Australia’s National Press Club about the state of the Australian and global economy, the state of the Australian banking system and the future direction for Australian interest rates. The Governor’s speech and the subsequent Q&A was … Read more
https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf. Edit: 65 and up. My professor just introduced this to us. Insane. h/t HeyMyNamesMatt
via sentimentrader: Fear is slipping Even while the S&P 500 remains below its 200-day average, the VIX has slipped to a multi-month low and is well below its long-term average of 20. This has consistently led to trouble over the short- to medium-term as the ebbing of concern showed that investors were too quick to price … Read more
Watch out below!credit @KimbleCharting pic.twitter.com/lzmnepr7AF — Belle Haven (@BelleHavenInv) February 7, 2019 https://twitter.com/UPFINAcom/status/1093708646909964288 Recession forecasting pic.twitter.com/O2BDSCAyiF — Win Smart, CFA (@WinfieldSmart) February 4, 2019 major commodity indexes are fading – hello, global slowdown fears remerging pic.twitter.com/DGxrlZzcE7 — Alastair (@StockBoardAsset) February 8, 2019 Banks are becoming less willing to lend to American consumers, which may ultimately … Read more
via Bloomberg: Preliminary results of two-year experiment due on Friday Full results of basic income trial not expected until 2020 The world’s happiest country is about to answer a question that’s intrigued political philosophers and economists for centuries: What happens when citizens are given money with no strings attached? Finland, a Nordic champion of social … Read more
by SpontaneousDisorder Source https://twitter.com/TN/status/1093634317979447296 Another indication that the rally in stocks is accompanied by extreme sentiment. I think it should top about here. I posted a couple of weeks ago some sentiment indicators. https://www.reddit.com/r/economicCollapse/comments/aj3lfv/optimism_has_already_returned_to_the_stock_market/ To update that the daily sentiment index in the S&P hit 77% tuesday which is quite high especially given the low … Read more
by confoundedinterest One of the world’s most important borrowing benchmarks staged its biggest one-day decline in a decade on Thursday. The three-month London interbank offered rate for dollars sank 4.063 basis points to 2.697 percent, the largest one-day slide since May 2009. The move may reflect a benchmark that’s making up ground following a repricing of short-end Treasuries and … Read more
via latimes: A federal bank regulator that has fined Wells Fargo more than $500 million over its creation of unauthorized accounts and other consumer abuses has found evidence of sales practice problems at other large and midsize banks — but is refusing to name those institutions. The Office of the Comptroller of the Currency, the nation’s … Read more
via marketwatch: An escalating trade war, a hard landing in China, and Brexit could prompt a global recession U.S. investors are once again paying attention to the dark clouds gathering over the global economy, with reason to fear that the next big storm could be as damaging as the downturn that accompanied the global financial crisis … Read more
via Bloomberg: Online lender Enova issued unrated consumer-loan ABS last year New CFPB proposal would loosen standards for subprime lending Online subprime lender Enova International Inc. bundled consumer loans with eye-popping interest rates — some topping 99 percent annually — into bonds last year. And there may be more such debt deals to come. The deal reflects online … Read more