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
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
#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
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
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 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
Well, that didn’t take long. And whatever happened to the Eurozone’s new bail-in rule? By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Italy’s government, in its eighth month in power, has already bailed out a bankrupt bank, mid-sized Banca Carige, with public funds. If approved by European Commission and the ECB, it will be … Read more
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
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
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