via Bloomberg: Closure could mean lost, delayed money for service providers Boeing, Leidos among companies with big federal contracts If recent history is any guide, federal contractors could be out more than $200 million a day in lost or delayed revenue from the partial government shutdown, based on data compiled by Bloomberg. The companies … Read more
While bear market rally continues, spreads are flattening again… pic.twitter.com/nl4YbqhqnL — Alastair (@StockBoardAsset) January 7, 2019 bear market rally #ES_F pic.twitter.com/uYPMpl68AU — Alastair (@StockBoardAsset) January 6, 2019 3rd biggest drop in Services ISM since the financial crisis pic.twitter.com/jWTb2YH81m — zerohedge (@zerohedge) January 7, 2019 https://twitter.com/ab65449089/status/1082056657033670656 you know you are in a bear market rally when … Read more
via MarketWatch: With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and buried. The enormous delinquency problem in the New York City metro area shows why I’m convinced that the U.S. housing and mortgage crisis is far … Read more
by NineteenEighty9 Global wealth report 2018 During the twelve months to mid-2018, aggregate global wealth rose by $14.0 trillion (4.6%) to a combined total of $317 trillion, outpacing population growth. Wealth per adult grew by 3.2%, raising global mean wealth to a record high of $63,100 per adult. The US contributed most to global … Read more
via moneyweek: What with markets sliding and bond yields tumbling in a “flight to safety”, inflation is the last thing on investors’ minds. Instead, the fear is that we’re heading for recession and that deflation will take hold once again. A scary prospect, what with interest rates still very near 0%. I’m not so sure that … Read more
via Reuters: Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency plunged in a year marked by an economic crisis fuelled by U.S. sanctions. “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday … Read more
via CNBC: The share of Americans who think it is a good time to buy a home just dropped sharply, according to a December survey from mortgage giant Fannie Mae. The share of those surveyed who think home prices will go up fell 2 percentage points, and those who expect mortgage rates to drop was … Read more
by DCG Al Sharpton approved. From NY Post: Share this: A nonprofit run by state lawmakers that spent $1 million on annual scholarship-fundraising galas over two years but gave zilch to needy minority students also failed to pay school taxes on its Albany building, The Post has learned. The New York State Association of Black and Puerto … Read more
Via ZeroHedge Sears Holdings Corp is readying plans for a liquidation after Chairman Eddie Lampert’s bid to pull approximately 425 stores out of bankruptcy was rejected, according to Bloomberg, citing people familiar with the matter. Lampert offered a $4.6 billion package backed by lenders Bank of America and Citigroup, as well as a new participant … Read more
by Frank Holmes, CEO, U.S. Global Investors January 7, 2019 King Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for … Read more
by Money Metals The Bureau of Labor Statistics delivered a blowout jobs report on Friday. Headline chasing algorithms and investors responded by snapping up stocks. They also sold some gold and silver futures, driving prices lower on the day. To Wall Street cheerleaders, it looked like the stock market correction might be over and precious metals … Read more
From Richard Smith, Founder, TradeStops: Stan Druckenmiller is one of the best money managers of all time. He has a track record of better than 30% compound annual returns, over 30-plus years, with no losing years. And Druckenmiller accomplished that track record while managing billions — which is harder than with smaller amounts — and made … Read more
From Forbes: By the time he was diagnosed with metastatic melanoma, Luke Simons, now 83, had already watched his wife and his longtime business partner struggle with cancer. His wife had chemo for her breast cancer 20 years ago. His business partner with multiple myeloma died 5 years ago. “I was obviously aware of what it … Read more
by DCG Something proggies will never understand: You can never make enough laws to guarantee good behavior from people who are willing to break the law. As reported by SF Chronicle: A man was killed early Saturday in the Highland neighborhood of East Oakland, less than five hours after three men were fatally shot across the city. The man, … Read more
by Simon Black Last Thursday, I published a Notes article saying I would use five-to-six figures of the money I saved last year in taxes to pay rent for furloughed government employees. And so far, the response has been amazing. We’ve already sent money out the door to help these people during the government shutdown. And we’ve also received some … Read more
by Tha_Dude_Abidez Crazy video that claims to be audio footage of a gunfight going on across the border with Mexico. https://youtu.be/k6nS-6cRan4 Anthony was live — shooting on the bridge to Pharr, TX , lasted over half hour yesterday… #SecureTheBorder we knew this was coming to our borders Source: True Conservatives Minutes [TCM]
via theverge: China’s police have been testing sunglasses with built-in facial recognition since at least last month to catch suspects and those traveling under false identities. Now China is expanding the facial recognition sunglasses program as police are beginning to use them in the outskirts of Beijing, according to Reuters. The program was used as extra security while Parliament voted … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen (who in this video is terribly framed by the way) about the truth about unemployment in the United States despite manipulated job numbers. Much of the unemployment rate in the United States is hidden in the labor force participation rate as the unemployed magically lose … Read more
Via Global Macro Monitor, 1. Trump Leaves Office By Year-End There is only one thing Trump likes more than power – money. As his legal troubles grow exponentially in 2019, the president has an epiphany that he could lose all his wealth. He cuts a Spiro Agnew-like deal and resigns from office in return for leniency. The … Read more
Authored by Andrew Moran via LibertyNation.com, Generation Z is already learning from the millennial generation’s mistakes… For years, millennials have scoffed at the notion of fixing someone else’s toilet, installing elevators, or cleaning a patient’s teeth. Instead, they wanted to get educated in lesbian dance theory, gender studies, and how white people and western civilization … Read more