by Jesse Colombo Apple stock plunged nearly 10% on Thursday after the company cut its revenue forecast due to slowing iPhone sales in China. Apple’s woes dragged U.S. stock indices lower by more than 2% as fears of a more extensive China-driven slowdown spread. From the New York Times: For years, no matter what was happening … Read more
via Eric Peters: Libertarians – me included – have wrestled long and hard with this one: Is it censorship when private entities do it? No – not in a legal sense. Because these private entities do not have the power to forbid publication, per se. But they do have the power to suppress (and even to punish) publication when the entities at issue effectively control … Read more
People Bought Fewer New iPhones Because They Repaired Their Old Ones. And they repaired their old ones because the new ones aren’t delivering the innovation and performance that used to make people scrap their perfectly-good older phones to buy the new ones. Possibly because Apple’s CEO is spending more time on social-justice nattering than on … Read more
The Ever-Shifting Definition of “Assault Weapons:” The phrase has been used to promote bans on almost every type of gun. The very heterogeneous group of so-called “assault weapons” has only two things in common. First of all, none of them are automatics or machine guns. Gun prohibition advocates have very effectively created and then exploited … Read more
by Dr. Eowyn Senator Harry Reid (D-NV) was Senate Majority Leader from 2007 to 2015 — credited with pushing Obamacare into law — and Senate Minority Leader from January 3, 2015 to January 3, 2017, when he retired from the U.S. Senate. Remember Reid’s strange injuries? On May 14, 2018, Reid underwent surgery after being diagnosed with … Read more
from Zero Hedge More US troops will be deployed to the Southern border to “construct or upgrade” 160 miles of fending, as well as provide medical care to thousands of migrants arriving from Central America, reports NPR, citing military sources. The Pentagon will foot the bill out of its discretionary funding for the deployment and fence construction along the … Read more
by Michael Snyder The U.S. State Department has officially issued a level two advisory for travel to China, and U.S. citizens are being warned that they could “be detained” and “subjected to prolonged interrogations and extended detention”. That sounds extremely ominous, but most Americans typically ignore warnings like this and continue with their normal travel … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Investors are waking up after years of somnolent money-making. Markets are in a tizzy. They’re finally reacting to the Fed’s rate-hike cycle, the slowest rate-hike cycle in history. It took three years to nudge up the effective federal funds rate from near zero to 2.40% now. Throughout, the Fed has … Read more
by Michael Snyder Stock markets are crashing all over the world, we are seeing extremely violent “flash crashes” in the forex marketplace, economic conditions are slowing down all over the globe, and fear is causing many investors to become extremely trigger happy. The stock market crash of 2018 wiped out approximately 12 trillion dollars in global stock … Read more
via visualcapitalist: For a variety of different reasons, there is a growing proportion of young adults that are living with their parents in the United States. As of 2017, it’s estimated that 34.5% of young adults (18-34 years old) in the U.S live at home – one of the highest percentages in recent memory. How does … Read more
Asia markets fall again as Tokyo gets 2019 off to nightmare start There was no respite for Asian investors Friday as most regional markets suffered more losses, with Tokyo tanking three percent and technology firms taking another hiding after Apple’s shock revenue warning. The new year has proved so far to be anything but happy … Read more
by Chris Tons going on today. I’ll get to as much as I can over time. Here’s a quick synopsis: First, the US equity markets had another bad day after several quite valiant rescue attempts. The Dow finished down -660 points, the S&P 500 was -62 points. I sincerely hope that the various entities that … Read more
BY JOHN MAULDIN Last week my British friend Jim Mellon sent me a fascinating article with an alarming title: “News from Euroland—Recession Imminent.” Now, I am not one who falls prey to click-bait headlines (nor is Jim). And I’m also well aware that Europe’s economy is weakening. I would not have said recession was imminent but reading this article … Read more
Today is Speaker Paul Ryan’s last day in office. The Republican leader shafted President Trump, Republican lawmakers and conservative-populist voters. https://www.thegatewaypundit.com/2019/01/on-his-last-day-in-office-never-forget-paul-ryan-repeatedly-promised-to-fund-trump-border-wall-repeatedly-lied-video/ h/t Jwnlwplus4
From P.J. O’Rourke and American Consequences: In the interest of adding a little cogitation to the process of governance, let’s conduct a “thought experiment.” Let’s think about just one of the purposes that the federal government has been put to – providing entitlement handouts. Let’s think about not doing that anymore. The term “thought experiment” was coined … Read more
From Vox: The federal government remains partially shut down as President Donald Trump refuses to sign a spending deal that doesn’t include $5 billion for his wall at the US-Mexico border. But as Americans start to think about filing their taxes, they may wonder: How will this affect tax returns and refunds? The short version: If the … Read more
from Financial Survival Network Jeffrey Small returns… There have been warnings for decades and now it’s finally coming to pass. Pretty soon, interest on the public debt will become the largest line item on the federal budget. It’s going to slow down economic growth and require dramatic restructuring of your government and the services it provides. Jeff … Read more
by Martin Armstrong While the BitCoin people have hated me for not agreeing with them that a private currency could displace the currencies of all nations and BitCoin would be the new “reserve currency” killing the dollar, to me they are in serious need of help. They have ZERO comprehension of governmental power and ZERO understanding of what is going on … Read more
via mishtalk: The majority of board members at Banca Carige, Italy’s 10th largest bank, resigned and the ECB took Over. The Telegraph reports ECB Steps in at Italian Bank as Country Teeters on Recession. The European Central Bank has announced the appointment of temporary administrators and a “surveillance committee” at troubled Italian lender Banca Carige, as new … Read more
BILLIONAIRE Mark Zuckerberg has halted the sale of his Facebook stock after the company’s value collapsed last year. The controversial 34-year-old has seen his company fall from grace, and failed to sell a single share in the last three months of 2018. Back in September 2017, Zuck promised to flog between 35million and 75million of … Read more