by DCG From Daily Mail: Kris Jenner has set the Internet alight after posing with a $15,000 suitcase adorned with the slogan ‘Rich as f**k’. After her daughter Kourtney Kardashian shared the snap, Twitter and Instagram were flooded with messages and memes about the bag, however the brash joke was also loaded with criticism from a host of … Read more
Megan Henney for FOX Business reports, Amazon’s foray into the grocery world last year with its $13.7 billion purchase of Whole Foods might not be paying off. https://www.youtube.com/watch?v=We-el3QcqYA Read More/Source/Credit/FairUse: https://www.foxbusiness.com/retail/am…
by WARREN MOSLER Bad: Highlights Existing home sales have been leveling but the signal from pending home sales points to a new downturn. The pending home sales index for November fell 0.7 percent to 101.4 which is under Econoday’s consensus range and compared to expectations for a 1.5 percent gain. Year-on-year this index is down 7.7 … Read more
by Jesse At the inception of this entire RussiaGate spectacle I suggested that it was a political distraction to take the attention away from the rejection by the people of neoliberalism which has been embraced by the establishments of both political parties. And that the result of the investigation would be indictments for perjury in … Read more
Eric Sprott interviewed by Craig Hemke on The Weekly Wrap-Up It’s the final Wrap-Up of the year, and even as we weathered a “brutal, quick bear market”, precious metals appear to be on the way to their sixth consecutive December rally. Will it continue into 2019? Our own Eric Sprott returns with all the gold and silver news you … Read more
What a crazy market! Nobody knows what’s going on. Even the hedge funds and pension funds are freaking out about the completely erratic behaviour. What do you think is causing this to happen? The PPT? Algos? Janet Yellen? Take a close look at the U.S. stock market. It’s a mess. Investors who have gone all … Read more
Molly Prince for the Western Journal reports, Donald Trump Jr. responded on Wednesday to Democratic Rep.-elect Alexandria Ocasio-Cortez after she criticized Washington news reports for not having enough reliable sources. https://www.youtube.com/watch?v=1wtibomTiuI Read More/Source/Credit/FairUse: https://www.westernjournal.com/donald… Donald Trump Jr. responded on Wednesday to Democratic Rep.-elect Alexandria Ocasio-Cortez after she criticized Washington news reports for not having enough … Read more
by David Haggith President Trump wants to blame the Fed — Jerome Powell in particular — for the stock market’s nasty action this fall. If things keep going this badly, you can be sure the Fed chief will want to blame Trump and his treasurer Munchkin for recent tweets that killed Santa Claus and for trade … Read more
Nancy Pelosi Is Spending Shutdown at Hawaii Resort Democratic House leader Nancy Pelosi is spending the government shutdown at a luxury resort in Hawaii, the Washington Free Beacon has learned. Pelosi, who has put blame squarely on President Donald Trump for the current government shutdown, was spotted Thursday vacationing in Hawaii at the Fairmont Orchid resort, where room accommodations range … Read more
Global recessionary pressures are building. South Korea, an economic giant, a play on global tech, and window on the Asian economy, saw industrial output sink 1.7%, embarrassing a consensus forecast of -0.2%. — David Rosenberg (@EconguyRosie) December 28, 2018 https://twitter.com/OccupyWisdom/status/1078556918401110016 If the Richmond Fed survey is anything to go by, you should expect a horrible … Read more
via financialpost: The U.S. economy will take a billion-dollar hit if the government shutdown continues until the weekend, experts have predicted as Donald Trump showed no sign of backing down. Some 25 per cent of the federal government is without funding after the U.S. Congress and the president failed to approve a new spending package. … Read more
via WSJ: Morgan Stanley has agreed to pay a $10 million fine to settle a Financial Industry Regulatory Authority probe into the firm’s compliance with rules designed to detect and prevent money laundering. Finra said Wednesday Morgan Stanley had failed to adequately detect and coordinate the supervision of certain suspicious transactions within its anti-money-laundering program for … Read more
via Reason: Exit quote: “I followed the laws for four and a half years. I spent 1.2 million dollars following the laws and now at the last minute they break their own laws. If you’re wondering why housing in San Francisco is expensive, that is why they make it expensive here. It is intentional.” Earlier: San … Read more
-25%, $2.4T Lost: The Worst-Performing Stock Market in the World for 2018? China Shanghai Composite Index is a quarter down from start of 2018 Trade war, slowing economy and deleveraging have hurt stocks China Stimulus Is Not A Catalyst China presents many similarities in its economic model with the central-planned economies of the 70s. Massive debt, … Read more
https://www.cnn.com/2018/12/26/investing/jcpenney-stock/index.html These are tough times for JCPenney. A day after falling below $1 for the first time since it started trading in 1929, JCPenney stock fell 8% on Thursday to close at 97 cents a share. The 110-year old company hasn’t been profitable since 2010 and its prospects are bleak. JCPenney (JCP) is $4 billion … Read more
by Kimble Charting Whether the Dow is down nearly 20% from the highs of a few months ago or it experiences a 1,000 point rally, what should one do to give proper perspective to these big price moves we’ve experienced of late? In my humble opinion, the best thing to do is look at the big picture, … Read more
Ebola election lockdown gets a poor reception: http://archive.is/PyPao
by Lynette Zang of ITM Trading Chaos reigns in the markets; US government is now in it’s 6th day of an on going shut down, it’s third this year, but certainly an indication of disfunction in Washington. Global growth prospects are dimming rapidly in China, Europe, Great Britain and the US, threatening a wave of defaults starting next … Read more
TOPICS IN THIS INTERVIEW: 01:25 The stock market’s ugliest Christmas decline, deeper crash incoming 06:45 Can the economic corpse be kept alive any longer? 09:15 Get your wealth out of the US markets 12:45 Gold, cryptocurrencies providing a critical safe haven 19:30 Cryptocurrency is the free market on steroids, is this the time to … Read more
by Thinker Tweet by John Deplorable @RedWingGrip Just for the record , of the 11 FISA Judges that Treasonously signed off on the Warrants for the Spying/Wiretapping of Carter Page , Donald Trump and his campaign , ALL were handpicked by: https://twitter.com/RedWingGrip/status/1…2490862593 What was the reason that 11 judges would risk being caught going against … Read more