New Data Suggests Shocking Shale Slowdown

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By Nick Cunningham U.S. shale executives often boast of low breakeven prices, reassuring investors of their ability to operate at a high level even when oil prices fall. But new data suggests that the industry slowed dramatically in the fourth quarter of 2018 in response to the plunge in oil prices. A survey from the Federal Reserve … Read more

Trump & His Wall

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by Martin Armstrong QUESTION: Do you support Trump’s Wall? They say Trump’s wall is a waste of money and won’t work. Do you disagree? GH ANSWER: To me, it is really irrelevant. It is far more important to the people living there on the border who are tired of all the crime and nonsense lacking security. There … Read more

Nothing Goes to Hell in a Straight Line, not even on Wall Street.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter I have to admit, it was the most volatile holiday period in the stock market and the credit markets that I can remember – and perhaps in history. All kinds of crazy things happened, just when market participation was thinnest. These were crazy moves. But those crazy moves won’t be the … Read more

Alexandria Ocasio-Cortez Announces Her First Big Stand Against Nancy Pelosi

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Randy DeSoto for the Western Journal reports, Incoming congresswoman Alexandria Ocasio-Cortez of New York announced she will vote against bylaws to govern the 116th Congress that are supported by House Speaker-apparent Nancy Pelosi, citing her objection to the “pay as you go” budgetary rule included in the package. https://www.youtube.com/watch?v=fJ9DhfyQDhU Read More/Source/Credit/FairUse: https://www.westernjournal.com/alexan…   Tomorrow I … Read more

Border Agents Give Media An Education About The Border

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Ryan Saavedra for the Daily Wire reports, President Donald Trump held a surprise news conference on Thursday with members of the National Border Patrol Council (NBPC) who addressed the media about the realities that Border Patrol agents face every day on the southern border. https://www.youtube.com/watch?v=SBGKGTvRRXI Read More/Source/Credit/FairUse: https://www.dailywire.com/news/39932/…   https://twitter.com/RealSaavedra/status/1080961678999572480  

It pays well to be a public servant: Portland employees’ salaries frozen because they are higher than justified

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by DCG In 2018 the city of Portland had more than 9,300 employees. Projections for 2019 go up to over 10,000 employees. As of 2017, Portland had an estimated population of 647,805. Compare this to other cities: Seattle: Nearly 10,000 employees with a population of 730,000. San Francisco: 39,634 employees in 2016 with 884,363 residents as of 2017. San Diego: As of 2016 they … Read more

The Entire World Is Rolling Over, Smart Money Is Piling Into Money Markets, Global Liquidity Is Tumbling At Its Fastest Rate Since The 2007/08 Financial Crisis.

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Don't be delusional, the entire world is rolling over pic.twitter.com/llWGbGgcIW — Alastair (@StockBoardAsset) January 5, 2019 All is discounted? Look at global earnings estimates pic.twitter.com/7iFZ9Tiu9p — Daniel Lacalle (@dlacalle_IA) January 5, 2019 smart money is piling into money markets pic.twitter.com/eBbwE0xCHB — Alastair (@StockBoardAsset) January 5, 2019 So are G7 stocks about to get a massive … Read more

[Alexandria Ocasio-Cortez] is not being bullied because she is the youngest person in Congress. People are actually holding her to task because she knows absolutely nothing and she made it to Capitol Hill. – @RealCandaceO

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[Alexandria Ocasio-Cortez] is not being bullied because she is the youngest person in Congress. People are actually holding her to task because she knows absolutely nothing and she made it to Capitol Hill. – @RealCandaceO pic.twitter.com/DeWrwyv6zP — Jeanine Pirro (@JudgeJeanine) January 6, 2019 Ocasio-Cortez proposes taxing the rich at 70%. Here is why the “Raise … Read more

China GDP Drops to the Floor at 1.67%! Report Reveals Widespread Slowdown in China!

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What has China been up to exactly? Their economy has notably slowed down as confirmed by unofficial as well as official statistics. Now a new report has surfaced which estimates extremely slow growth even by global standards. Don’t worry about it getting around though. China has completely censored it from their internet. GDP growth problem … Read more

Move Over ‘Friends,’ Millennials Now Find ‘Seinfeld’ Problematic

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Ashe Schow for the Daily Wire reports, So much of our culture today seems to be about finding reasons to hate pop culture from even a decade or two ago. https://www.youtube.com/watch?v=5sWCodvLZ7k Read More/Source/Credit/FairUse: https://www.dailywire.com/news/39874/…   So much of our culture today seems to be about finding reasons to hate pop culture from even a decade … Read more

2019 Market Outlook

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by northmantrader The cataclysmic action of Q4 left investors shellshocked as stocks plummeted and over 90% of US Dollar based asset classes ran a negative return for 2018 going against all Wall Street forecasts. Macro monsters from trade wars, Brexit, slowing growth, a slump in global property prices, political uncertainty, yield curve inversions, deficit explosions, technical breakdowns … Read more

PAUL KRUGMAN “EVOLVES” ON YET ANOTHER ISSUE TO ALIGN HIS ECONOMIC VIEWS WITH PROGRESSIVE POLITICS

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Krugman: The Economics of Soaking the Rich. Krugman argues in favor of marginal tax rates in the 80% range for the “rich.” Economist Bill Anderson comments on my Facebook page (reprinted with permission): “At the 2004 Southern Economic Association meetings in New Orleans, I asked Krugman in a room full of economists if he believed … Read more