This feels like a much better proxy for overall American mood than the nominal indices.

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FWIW – This feels like a much better proxy for overall American mood than the nominal indices. pic.twitter.com/ZEFi1AzvDB — Peter Atwater (@Peter_Atwater) January 4, 2019 S&P liquidity has been trash all year pic.twitter.com/dXtH4PHNZQ — The Long View (@HayekAndKeynes) January 3, 2019 https://twitter.com/epomboy/status/1080920583473381378 Yellen: "Corporate indebtedness is now quite high… danger that if there’s something else … Read more

Deutsche Bank Executives Discussed “Reputational Risk” of Largest Post-War Tax Fraud Ever

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via Reuters: There are “lots of indications” that some managers discussed “the reputational risks” of Deutsche Bank’s involvement in a share-trading scheme that is the subject of Germany’s biggest post-war fraud investigation, according to a conclusion in one of five internal audits seen by Reuters. The bank issued tax certificates for withholding tax that had never … Read more

China, Europe and US headed for another recession?

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Europe headed for another recession? pic.twitter.com/oiWoHVJ6ET — Alex Barrow (@MacroOps) January 3, 2019 Only during recessions have we seen ISM dropping 5-index points or more in a month in newer history. Ouch! pic.twitter.com/OLcKOUtWDC — Andreas Steno Larsen (@AndreasSteno) January 3, 2019 China’s current economic slowdown differs from previous downturns because this time Chinese consumers are … Read more

DC Is In Total Chaos

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https://www.youtube.com/watch?v=j8NnrBjevEA Yep and all goes back to the Communists Democrats the cabal of criminals that have hijacked our Republic who are now upside down in backwards incorruption they will protect their corruption at all costs make America great again imprison Nancy Pelosi for corruption and also her dog Maxine Waters…   EG

First Session Of The 116th Congress Just Held On January 3, 2019 – Group Of Republicans Side With Dems.

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by Ruby Henley I am concerned about Republicans deserting President Trump to side with the Democrats.  At the present time, it is about the government shutdown. President Trump says until he gets the money for the border wall, the government will continue with the shutdown.  We must remember that was one of his campaign promises, … Read more

If the over night rate is yielding more than the 2Y, 3Y, 5Y and 7Y, what happens next?

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you probably should read this–> pic.twitter.com/zO2MMqC2hW — Alastair (@StockBoardAsset) January 3, 2019 https://twitter.com/OccupyWisdom/status/1080945381654126592 https://twitter.com/OccupyWisdom/status/1081024283994927104 One thing we have learned… the economy & financial markets crumble at 2.5% on Fed Funds… actually make that 2.4%… can’t even get that extra 10bps. pic.twitter.com/Bfo39zQvm8 — PlungeProtectionTeam (@gamesblazer06) January 3, 2019 Liquidity is strongly negatively correlated with volatility – … Read more

Here is a list of things that I think will drive Apple’s market valuation down a lot more (does not include upcoming global recession)

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by SlovakPotato007   Apple products are overpriced and not aligned with the market (30-40% price increase on most hardware products in 2018) There are many better or equal phones for 40-50% less (its important since iPhone is a significant portion of Apple’s revenue) If iPhones dont sell well, the service revenue from App store will … Read more

Are Establishment Republicans Plotting Against Trump?

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As grass roots conservatives have been slowly disappeared on social media, establishment propped up “Never Trumper” conservatives have been co-opting the MAGA movement’s audience. Many of these now disappeared grass conservative voices were paramount in helping the MAGA movement succeed in electing President Trump in 2016 and this is why the stakes are so high. … Read more

Plunge Protection Myths = Keynesian Economic Myths

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by Martin Armstrong QUESTION: What about what China did by buying stocks a few years ago to stop the hang sang from dropping LW   https://d33wjekvz3zs1a.cloudfront.net/wp-content/uploads/2016/02/Summers-Economy-Not-Predictable.mp4?_=1 ANSWER: Do not confuse attempts to support a market from actually being able to do so. This is the same as Keynesian economics that government could prevent recessions. Larry Summers admitted … Read more

IRS won’t issue tax refunds during government shutdown

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via wdtv: (CNN/Donna Borak) — Americans may find themselves missing an agency they usually love to hate if the government shutdown persists: the Internal Revenue Service. A protracted fight between President Donald Trump and Democratic congressional leaders to fund the government could delay payouts of tax refunds to millions of Americans who are owed money. The country’s … Read more

Massive Hack of German politicians

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Private emails, credit cards, photos of most politicians in Germany have been hacked and published Hope that the Merkhell crime syndicate goes down the toilet now it was the russians as usual LOL via bild.de: Following the massive Hacker attack on politicians and private persons, the German government calls a Cyber Alarm. The Federal office for … Read more

Do Documents of the Government Belong to the Government or the People?

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by Martin Armstrong COMMENT: Dear Marty, Rudy Giuliani, Trump‘s lawyer and former mayor of New York, says Julian Assange of Wikileaks should not be prosecuted and compares his work to the Pentagon Papers. Kind regards, MS REPLY: I totally disagree with the attempt to prosecute Julian Assange of Wikileaks or Snowden. The argument for his prosecution is based upon this … Read more

Yellow Vests Becoming World Wide Movement

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by Martin Armstrong The Yellow Vest Movement that began in France, is spreading. It appeared also in Belgium and it spread to Canada as well. The French arrested the leaders of the Yellow Vest Movement calling them an anti-government charging them for organizing an unauthorized protest, as authorities adopt a tougher approach to try to curb the demonstrations. During the weekend … Read more

Safe havens are surging. What this means for stocks

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by Troy While the U.S. stock market has been trending downwards from December 2018 – present, safe havens (e.g. gold and Yen) have been going up. Go here to understand our fundamentals-driven long term outlook. Let’s determine the stock market’s most probable medium term direction by objectively quantifying technical analysis. For reference, here’s the random probability of the … Read more

Danielle Park: Margin Calls, Share Buybacks, and Real Estate

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Talk Digital Network, Released on 1/3/19 Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog: http://www.jugglingdynamite.com. Danielle worked as an attorney … Read more