by visualcapitalist Over the last five years, markets have pushed concerns about debt under the rug. While economic growth and record-low interest rates have made it easy to service existing government debt, it’s also created a situation where government debt has grown in to over $63 trillion in absolute terms. The global economic tide can change fast, and … Read more
by Daisy Luther We weren’t expecting to see a loss of food stamp benefits until the end of January, but a grocery store in Indiana reported they are unable to process EBT payments. In Clay City, Indiana, the local IGA discovered the problem last week. Initially, they thought it was a technical glitch. “Our machines … Read more
For More Information See: https://amp.scmp.com/news/china/diplo… https://www.express.co.uk/news/world/… https://www.bbc.com/news/amp/business… https://www.infowars.com/global-crisi… https://www.scmp.com/news/china/polit… https://www.zerohedge.com/news/2019-0… http://en.people.cn/n3/2019/0103/c900… https://www.theverge.com/2018/7/18/17… http://fortune.com/2018/10/05/pence-g… https://www.usatoday.com/story/travel… https://www.navytimes.com/news/your-n…
https://www.youtube.com/watch?v=cK2EptzK5Dw DOD ended FY-15 with $93.8 billion in prior-year unobligated balances https://insidedefense.com/daily-news/…
Watch the latest video at foxnews.com https://video.foxnews.com/v/5986854192001/?#sp=show-clips AC
The ACLU has been very active both politically and in litigation in opposing federal and state legislation that in various ways penalizes boycotting Israel. Commentators up and down the progressive left have been relying on the ACLU for the proposition that this legislation is a violation of First Amendment free speech rights. For the record, … Read more
via Bloomberg: Convinced the stock rout is over? It has occasionally felt like it, on days like Friday, when the Dow Jones Industrial Average soared almost 750 points. Isolated examples of quick rebounds loom large in the minds of traders, or at least those whose careers go back more than a few years. But even … Read more
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