by Dave Kranzler of Investment Research Dynamics Bloomberg posted an article this morning describing the Collateralized Loan Obligation market as “Wall Street’s Billionaire Machine.” But I seem to recall that the CLO market was one of the financial nuclear bombs that blew up and triggered the financial system de facto collapse in 2008. Well, it’s back – with a vengeance. … Read more
via CNBC: Even with mortgage rates at the lowest level in three months, homebuyers are pulling away from the housing market. Mortgage application volume fell 5.8 percent last week from the previous week, according to the Mortgage Bankers Association. Volume was 17 percent lower than a year ago. Even with mortgage rates at the … Read more
via nysun: Coming soon to a public television station near you is a documentary favoring the gold standard. If that seems improbable it may be from underestimating the determination of Steve Forbes. He is the author of the book “Money,” on which the film is based. The book is about how, in the words of its … Read more
via CNBC: Currently, fewer than a quarter of student loan borrowers are repaying their principal, or what they originally took out, according to recent remarks made by Education Secretary Betsy DeVos at a conference on financial aid. That’s because their monthly payments are just going to the interest accumulating on their debt, or they’re not … Read more
The chairman of a leading Chinese state bank on Sunday warned Chinese investors not to buy property now because “there’s no money to be made” due to high prices and alarming vacancy rates. Tian Guoli, the chairman of China Construction Bank, which provides mortgage loans to millions of Chinese households, said that the room for … Read more
Clearly a forced liquidation going on and appears likely that someone like @GoldmanSachs is doing to buying — mcm-ct.com (@mcm_ct) December 24, 2018 SP500 now within 1% of entering stock market #crash mode — Keith McCullough (@KeithMcCullough) December 24, 2018 If you blame #Powell for this, you are only looking for an easy -and wrong- … Read more
by randomdood81 For a guy who was so worried about our debt under Obama, as soon as his party takes control, he passed a $2 trillion tax give away to the wealthy. This so called “fiscal conservative” has ballooned our debt to over $21 trillion, with a record $1 trillion yearly deficit. All this in a … Read more
Occupy Wall Street stopped because of unnecessary mass arrests and police violence against peaceful protesters. The same is happening to the yellow vests in France. The militarization of our police and the empowering of the intelligence agencies, have all been about preparing to put down uprisings. Snowden tried to warn us, but few listened… via medium: … Read more
https://twitter.com/RandPaul/status/1076928058375000064 US Senator Rand Paul tweet on the unhappiness of Sen. Lindsay Graham concerning Trump planning to withdraw US forces from Syria, Afghanistan. I like the sarcasm. h/t stephenliss
The cannabis industry is projected to grow by more than 400% by 2021. It is the single fastest growing industry, with more than $40 billion in revenue expected. With so many different companies competing to be on top, we’re recognizing those you should keep an eye on for 2019 and beyond that could break out. … Read more
Jim Hoft for the Gateway Pundit reports, On Tuesday White House Spokesperson Sarah Huckabee Sanders announced the Trump White House would back down from their promise to shut down the government if Congress did not pass legislation that included funding on the border wall. https://www.youtube.com/watch?v=lTpnhly-Nn8 Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018… In our Country, so much money … Read more
by Martin Armstrong Taxes have begun to cross the point of no return in New York City. New York City is losing its middle class faster than at any time since the Great Depression. While the rich get richer from investments and the poor get richer from increased social benefits, the loser is always the … Read more
by Fabius Maximus Summary: Welcome to the American Empire! 2018 was its coming out party. See the evidence. Get angry and fight to reclaim America. The massive Department of Defense website clearly stated DoD’s mission. This was on their website during the time of presidents Obama, Bush, and Clinton, according to the Internet Archive’s Wayback Machine. “The mission of the Department … Read more
The first move has been made to get the people use to the idea that the Fed is to blame for the economy. It is being reported by the MSM that Trump is thinking about firing Powell, this is being done purpose so the people get use to the idea that it can be done … Read more
Detailing Vice’s sinister corporate strategies and the demise of their fledgling network. h/t buffaloroambuford
In this video, we give you the latest breaking news on the possibility of a Rand Paul Donald Trump ticket in 2020 for the President and Vice-President! Yes, we should all be supporting Donald Trump. He is working for the people against unbelievable opposition by the deep state, the main stream media, and most politicians … Read more
A pool of poisonous water underneath Sydney Airport contains some of the highest levels of toxic firefighting chemicals seen on Australia’s eastern seaboard, according to test results that were buried from the public after they were handed to authorities six years ago. The airport at Mascot is one of the highest profile sites in the … Read more
via Forbes: After a promising start, iOS 12.1.2 is going from bad to worse for iPhone owners and Apple’s legally motivated rush to push out the update needs further discussion as it is now having very serious consequences for many users… As more and more iPhone owners blindly upgrade to iOS 12.1.2 reports are now flooding in from around … Read more
Historical accuracy is important when history is a significant component of a game: http://archive.is/x4v4v