AI will replace 40% of jobs within 15 years

by

Watch the latest video at foxbusiness.com Forty percent of the world’s jobs could be done by machines in as soon as 15 years, according to a top expert on artificial intelligence (AI). Kai Fu Lee, a pioneer in AI who also works in venture capital in China, told “60 Minutes” that a wide range of blue-collar and white-collar … Read more

Pentagon is prepared to give $3 billion to fund construction of the President’s southern border wall, if he were to declare a national emergency.

by

#BREAKING: Defense department officials say the Pentagon is prepared to give $3 billion to fund construction of the President's southern border wall, if he were to declare a national emergency. #OANN — Jenn Franco (@jennfranconews) January 10, 2019 Senate Judiciary Chair Lindsey Graham Calls on Trump to Use Emergency Powers to Fund Border Wall On … Read more

It’s Worse Than You Think

by

by Jesse “What is objectionable, what is dangerous about extremists, is not that they are extreme, but that they are intolerant.  The evil is not what they say about their cause, but what they say about their opponents.” Robert Kennedy “Fundamentally, narcissists are stuck emotionally at the approximate development stage level of a three-year-old, and … Read more

Mannarino: The Obama Era ‘Bad News Is Good For The Stock Market’ Play Has Returned

by

TradersChoice.net, Released on 1/10/19 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

Jacob Wohl: “Sources saying Justice Ruth Bader Ginsburg will resign tomorrow”

by

Jacob Wohl Verified account @JacobAWohl Sources saying Justice Ruth Bader Ginsburg will resign tomorrow https://twitter.com/JacobAWohl/status/1083494842838073344 Michael Verified account @freedom_moates > Replying to @JacobAWohl We must be on the same rumor mill. I’m hearing the same thing and also that the WH knows. https://twitter.com/freedom_moates/status/1083527011128279040   Check out RBG leaving her apartment yesterday https://www.tmz.com/2019/01/09/ruth-bader-ginsburg-video-lung-cancer-frail-supreme-court-rbg/     h/t … Read more

The Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018, Slickest Annual Wealth-Transfer from Taxpayers to Banks

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times. The Fed reported its preliminary results this morning for the year 2018. The headline is that it sent $65.4 billion of its profits to … Read more

Looking For Solid Dividend Payers? What Should We Expect in 2019?

by

by Dennis Miller When the Fed bailed out the banks at the expense of seniors and savers, interest rates tanked while investors sought out solid dividend-paying stocks. Interest rates are now rising, and the Fed remains hell-bent with continuing their aggressive monetary policies. Many pundits predict the market is due for a major correction. With a … Read more

Inconvenient Fact: 73% of Immigrant Households from Mexico and Central America on Welfare

by

Just watched an excellent video by Stefan Molyneux titled “The truth about Trump’s Wall Speach” where Stefan gives some hard facts about immigrants and welfare. https://www.youtube.com/watch?v=r1Nmsc7BQAk&feature=youtu.be&app=desktop   Welfare use varies among immigrant groups. Households headed by immigrants from Central America and Mexico (73 percent), the Caribbean (51 percent), and Africa (48 percent) have the highest … Read more

Worse than the financial crisis: This is currently the longest stretch without a high-yield bond sale in more than two decades [WSJ]

by

via WSJ: No U.S. company rated below investment grade has issued bonds since November—the longest stretch without a high-yield sale in more than two decades—reflecting investors’ concerns about market volatility and the durability of the long-running expansion. December was the first month since 2008 without a junk-bond sale, according to Dealogic. Thursday is on pace … Read more

Today’s edition of ‘Is this a f*cking joke’

by

via Reuters: NEW YORK (Reuters) – HSBC Holdings Plc has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015. The settlement with the British bank was made public late Wednesday night in the federal court in … Read more

Looking at stock valuations as a multiple of sales, the U.S. reached a level of overvaluation last January only seen once before in the last three decades — during the dot-com bubble of 1999 and 2000

by

via Bloomberg:   hat just happened? I last wrote one of these newsletters on Dec. 20, the day after the last Federal Reserve monetary meeting. (More on my disappearance later in this commentary.) Since that date, stocks have staged a spectacular decline worldwide, accompanied by an equally spectacular rally in government bonds that has pushed yields lower. However, … Read more

Morgan Stanley’s quant team calculates that every $20bn decline in the Fed’s MBS holdings shaves 0.37% off the S&P 500.

by

Morgan Stanley's quant team calculates that every $20bn decline in the Fed's MBS holdings shaves 0.37% off the S&P 500. pic.twitter.com/SBfKycKeLo — Robin Wigglesworth (@RobinWigg) January 10, 2019 this is probably not good pic.twitter.com/PxYfrnEczx — Alastair (@StockBoardAsset) January 10, 2019 credit leading stocks lower pic.twitter.com/kwKBUygQL4 — Alastair (@StockBoardAsset) January 10, 2019 https://twitter.com/NorthmanTrader/status/1083398539491856386 pic.twitter.com/JlazTYQMnB — M/1_LP … Read more

Earnings season is starting, BAML trims its Q4 GDP forecast, Germany in a recession

by

earnings season is starting:– Apple guidance cut– Macy's guidance cut– Delta guidance cut– Ford firing thousands– Jaguar firing thousands — zerohedge (@zerohedge) January 10, 2019   Apple cut revenue guidance (for the first time in 16 years) Macy’s cut profit guidance, sending its shares plunging the most on record Barnes and Noble cut profit guidance FedEx cut … Read more

SOYLENT GREEN: Big Pharma Giant GlaxoSmithKline Spends $300 Million For Access To DNA Database Of Genealogy Tracking Company 23AndMe

by

by Geoffrey Grider Since the launch of its DNA testing service in 2007, genomics giant 23andMe has convinced more than 5 million people to fill a plastic tube with half a teaspoon of saliva. In case it hasn’t dawned on you yet, you are a commodity just like hand cream, dish soap and laundry detergent. In the 21st century, we are … Read more

Where there’s smoke, there’s fire — smoke screens excepted, of course — but so far Mueller hasn’t even produced much smoke.

by

PHILIP KLEIN: Confessions of a Russiagate agnostic. Being agnostic about Russiagate is challenging for a political commentator. Russia has dominated the news for the past two years, and people on each side have passionate and confidently held views. It seems either they’re convinced that Trump colluded and attempted to cover it up, or they’re convinced that … Read more

Instant JUSTICE After Top Dem INSULTS Every Trump Supporter – Rep Crenshaw Delivers The Blow!

by

C. Douglas Golden for the Conservative Tribune reports, Did you vote for President Donald Trump? Did you know that you’re an unhappy, uneducated alcoholic who’s possibly going to die early from an overdose or liver disease? And that you voted for a Nazi? https://www.youtube.com/watch?v=jSUdse8fKdw Read More/Source/Credit/FairUse: https://www.westernjournal.com/ct/rep…