Via Townhall Nancy Pelosi’s first move as Speaker will a public stand on saving Obamacare by intervening in court case where judge struck it down as unconstitutional The push is included in House rules package for new Congress Authorizes speaker to intervene in Texas v. United States Case led to a federal judge in Texas … Read more
via businesswire: CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today issued the following public letter to investors: To Apple investors: Today we are revising our guidance for Apple’s fiscal 2019 first quarter, which ended on December 29. We now expect the following: Revenue of approximately $84 billion Gross margin of approximately 38 percent Operating expenses of approximately $8.7 billion … Read more
“They say the wall is immoral the Vatican has the biggest walls” Trump SLAMS Nancy Pelosi & Chuck Schumer “They say the wall is immoral the Vatican has the biggest walls” Trump SLAMS Nancy & Chuck President Trump today slammed chuck schumer and nancy pelosi over the wall he was at a trump press conference … Read more
by Kimble Charting One of the broadest stock market indices in the states is starting off the year with a key test, that could send a very important message for months to come! This chart takes a look at the New York Stock Exchange index (NYSE) over the past 20-years. Since the 2011 lows, the index has spent … Read more
For More Information See: https://www.axios.com/donald-trump-fe… https://thehill.com/opinion/white-hou… Investigations by special counsel Robert Mueller: Russian government’s election attack (the Internet Research Agency and GRU indictments) WikiLeaks Middle Eastern influence: Potentially the biggest unseen aspect of Mueller’s investigation is his year-long pursuit of Middle Eastern influence targeting the Trump campaign. Paul Manafort’s activity Trump Tower Moscow project Other campaign and … Read more
via Daniel Lacalle: With the 10th anniversary of the Lehman Brothers bankruptcy having just passed and the recent stock market drop, the fear of a new financial crisis is palpable. And those fears are justified. The question is not whether there will be a crisis, but when? In the past 50 years, we have seen more … Read more
From Kitco: A mix of geopolitical and economic uncertainties will likely create the perfect storm for precious metals and miners next year, said Brent Cook of Exploration Insights… Continue reading at Kitco…
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But the central bank has kept interest rates at record lows! The relentlessness of the housing busts in the regions of Sydney and Melbourne – they account for about 55% of Australia’s housing stock by value – is quite something. At some point, it seems, the price declines would slow down … Read more
BY JOHN MAULDIN The mainstream media is packed with criticism of Jerome Powell’s press conference. The market didn’t like what it heard and immediately tanked. People called him tone deaf for not listening to the market. What was Powell thinking? There were many accusations that Powell fumbled the ball, not telling the market what it wanted … Read more
From The Atlantic: It was only after they’d sunk $40,000 and nine months of precious nights and weekends that Jordan McDowell and William Bjork realized how hard it is to make a passive income selling things on Amazon. The couple had hoped to strike it rich – or at least quit their day jobs – buying … Read more
From the National Interest: 2018 was a year of breakthrough diplomacy and proxy warfare, Trumpian chaos and unexpected U.S. military drawdowns. An American president and a North Korean dictator shook hands for the very first time since the Korean Peninsula was divided into two nations. American pilots released more munitions in Afghanistan this year than at any other … Read more
via @MI_Investments: Q/T stopped forcing C/B’s to explain $20T bal sheets not temporary. US deficits $1T–>$2T. Debt crises erupt + spread globally. #DebtMatters #Vol #TradersMkt Strong economy, Jay Powell? Or an economy on IV infusions of debt just to maintain 2% growth? Global debt-to-GDP is 275%. Each 100% portion of the 275% total would cost … Read more
https://twitter.com/JTSEO9/status/1080468631887249408 Tesla missed Q4 delivery #s Despite the incentive for customers to buy, before the impending loss of $3,750 / car federal subsidy Q3 = best $TSLA will ever have Price cut this morning = straight to margins Growth story = OVER Profit story = OVER Cash crunch coming — Gabe Hoffman (@GabeHoff) January 2, … Read more
Corporate Debt Is Reaching Record Levels “U.S. corporate debt has climbed to roughly 46% of GDP, the highest level on record. Observers worry that highly leveraged companies could pose a threat to the global economy, especially if growth slows and rates continue to rise.” Global Manufacturing #PMI down to 27-month low of 51.5 in December, … Read more
via CNBC: Robert Lighthizer has reportedly told friends and associates he is intent on preventing Trump from accepting “empty promises” like temporary increases in soybean purchases. In order to avoid this, the U.S. may have to slap tariffs on more Chinese goods, Lighthizer has said, according to The New York Times. U.S. Trade Representative Robert … Read more
via mises.org: Only a few months ago most economic commentators were sanguine about prospects for the US economy. Most of them did not expect an imminent downturn. Now all that has changed with most experts expecting the economy to enter a downward phase of the economic cycle by 2019. According to experts, the key factor behind … Read more
A stock market roller coaster on par with that of a decade ago is back, and essentially for the same reasons. No, not just economic fundamentals involving back-breaking debt, corporate profligacies and geopolitical risks, but because said volatility and the asset destruction-slash-consolidation that results are in part due to much longer-term design. This latest design … Read more
Taiwan’s unification with the mainland is “inevitable”, President Xi Jinping said Wednesday, warning against any effort to promote the island’s independence and saying China would not renounce the option of military force to bring it into the fold. https://www.msn.com/en-gb/news/world/chinas-xi-says-taiwan-reunification-inevitable/ar-BBRHnfy?li=BBoPWjQ&ocid=mailsignout “China must and will be united… which is an inevitable requirement for the great rejuvenation of … Read more
via Bloomberg: Prices in Australia’s largest city drop 11.1% from 2017 peak CoreLogic sees tighter credit weighing on prices this year The downturn in Sydney’s property market is set to deepen this year as tighter lending standards and the worst slump in values since the late 1980s cause nervous buyers to sit on the sidelines. Average … Read more
Jack Bogle, founder of index fund giant Vanguard Group, is warning investors to prepare for 2019 by decreasing exposure to stocks and increasing investment in defensive strategies, such as fixed income securities like bonds. “Trees don’t grow to the sky, and I see clouds on the horizon. I don’t know if and when they’ll arrive. … Read more