Josh Sigurdson talks with author and economic analyst John Sneisen about the very real potential of a continued massive crash of the housing market in the immediate future. James Stack, a money manager from Montana who correctly predicted the 2008 crash as well as the 2018 “slowdown” is saying that the worst is yet to … Read more
by Martin Armstrong QUESTION: Dear Martin, you are very right that govs intend to terminate high denomination euros. In Germany it has been impossible to pay cash with a €500 note for quite some time now – at least at most of the shops I usually go to on a weekly basis. At the end of … Read more
by Martin Armstrong COMMENT: Hi, Hunt for taxes is running full scale in Scandinavia. In Sweden, all vehicles including foreign registered vehicles, are obliged to pay congestion taxes in Stockholm and Gothenburg as well as infrastructure charges in Motala and Sundsvall. Sometimes, the automatic camera system reads the license plate falsely and few people in … Read more
The Federal Reserve is the most secretive public organization in the United States. The power that they wield is unknown to the public. It claims to be a central bank acting in favor of the American public but this couldn’t be further from the truth. Markets have been aggressively buying the dip here in early … Read more
Katelyn Carelle for the Washington Examiner reports, A Vermont newspaper on Monday begged Sen. Bernie Sanders, I-Vt., not to run for president in 2020. https://www.youtube.com/watch?v=x7hvnKwaOro Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/ne… A Vermont newspaper on Monday begged Sen. Bernie Sanders, I-Vt., not to run for president in 2020. “Bernie Sanders should not run for president. In fact, we beg … Read more
by eyeball1234 The inspiration from this viz came after seeing a video on Youtube about saving for retirement (don’t remember the name). The narrator, a guy who was probably in his late 50’s or 60’s, was talking about how exciting it was that “young people” could diversify their retirement portfolios by invest in other countries’ economies … Read more
by ButterflyCatastrophe I’ve seen a lot of comments about people not understanding marginal tax rates, so I made a graph comparing the marginal tax bracket with the effective tax rate as a function of income. These graphs start at 0, because income up to the standard deduction is not taxed – i.e. the axis is AGI, … Read more
by kiwimancy (or less) Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors – Klakow Akepanidtaworn, Rick Di Mascio, Alex Imas and Lawrence Schmidt We document a striking pattern: while the investors display clear skill in buying, their selling decisions underperform substantially. Positions added to the portfolio outperform both the benchmark and a … Read more
https://www.bloomberg.com/news/articles/2019-01-10/ford-to-cut-thousands-of-jobs-in-europe-eyes-plant-closures Ford Motor Co. said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years. The overhaul marks another sign of pressure on traditional automakers as they grapple with fundamental … Read more
China’s domestic demand is ‘particularly weak,’ economist says from CNBC. via CNBC: China’s economic growth is likely currently below the 6 percent level amid faltering domestic demand, says Taimur Baig, chief economist at DBS Group Research. Despite negotiations between China and the U.S. underway in Beijing, Baig says it’s unlikely the trade war will end … Read more
by ogordained UNITED STATES Futures are down slightly amid weak retail sales data and elevated recession fears Inflation data due out today is expected to reveal prices softening, allowing the Fed to pause rate hikes Despite increasing tariffs, the New York Fed thinks the aggregate consumer price index only rose by 0.3% Today marks the 21st day of the government shutdown — … Read more
by howmuch GDP per capita is a critical metric for understanding the economy. It’s a measure of a country’s economic output that takes into account the number of people who live there. GDP per capita takes the gross domestic product and divides it by the number of people who live there. It’s the best measurement … Read more
by Ruby Henley This is the reason for the wall! A California police officer was shot and killed day after Christmas when he stopped a car without a license plate. He was not an ordinary police officer, as he was a legal immigrant who migrated to this Country legally to become a police officer. Not … Read more
by Michael Snyder Is the mainstream media overhyping the economic impact of the government shutdown for political purposes? Of course they are. Once upon a time the mainstream media in the United States at least attempted to maintain a facade of objectivity, but those days are long gone. In this case, they want to stir … Read more
by Michael Snyder At this moment the race for the Democratic nomination in 2020 appears to be completely wide open, but there is one potential candidate lurking in the shadows that could change everything. For a moment, I would like you to imagine what a perfect presidential candidate for the Democrats in 2020 would look … Read more
by Charles Hugh-Smith To get a good seat at the banquet of consequences, the owner of capital has to shift his/her capital into scarce forms for which there is demand. The Banquet of Consequences is being laid out, and so the question is: where will you be seated? The answer depends on two dynamics I’ve mentioned … Read more
May caves, offeres Brexit Deal concessions, this deal again is not for the people it is for the central bank, it needs to be scrapped. The holiday season did not go as well as everyone thought, Macy’s and now Kohl’s are reporting weak sales. The automobile apocalypse is hitting China hard, the central bank economy … Read more
Americans without health insurance are too often forced to go to emergency rooms, where costs are drastically inflated. Now, New York City has launched a program to provide all residents with healthcare and a primary care provider. RT America’s Trinity Chavez reports for the News with Rick Sanchez. https://www.youtube.com/watch?v=6gJCqYCUMds
by Lynette Zang of ITM Trading For the first time since 2008, no junk bonds were issued in December 2018. “This is clearly more than year-end jitters,” said Guy LeBas, a strategist at Janney Montgomery Scott. “What we’re seeing now is pretty typical for end-of-credit-cycle behavior.” Voila, they too are calling the pattern shift that indicates the end … Read more
NYT makes a major correction with the story about Manafort, still no Russian collusion. Trump hits the press hard with fake reporting. The [DS] is now going after Trump tax returns, Grassley blocks. Lindsey Graham says Mueller and Barr best friends, coincidence? Rosenstein will exit once Mueller report is out or when Barr is in. … Read more