Rail traffic, apartment vacancy rate, durable goods orders, personal income and consumption, KC manufacturing

by WARREN MOSLER Rail Week Ending 15 December 2018: Economically Intuitive Sectors Continue In Contraction Written by Steven Hansen Week 50 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors were in contraction this week. … Read more

Harvard Trained Economist: It’s More Of A Stock Market Correction Than A Stock Market Crash

by Harry Dent of Economy & Markets Markets have had support at around 2,530 on the S&P 500 and 23,300 on the Dow. Those were the early 2018 low off the last market crash. And they’ve broken through those levels. But they still have dropped to levels that definitively say the crash has started. So, I’ve been tracking the … Read more

The New French Revolution?

by Martin Armstrong France is now preparing to use chemical weapons against its own citizens around Paris to counter-attack the Yellow Vest rioters as their anti-Macron protests continue after 5 weeks. This chemical is a debilitating powder that can be spread over an entire area of the size of six football fields in ten seconds. So far, the police have … Read more

Romania BET Crashes over EU Austerity Tax Increases

by Martin Armstrong I have been warning that raising taxes is DEFLATIONARY because you are reducing the net disposable income. Governments simply cannot get that through their head. In Romania where protests over political corruption have been unfolding, the government revealed its plan to try to comply with EU austerity raising they hope 10 billion lei ($2.5 billion … Read more

What Trump and Powell Do Next…

by Bill Bonner BALTIMORE, MARYLAND – Well, we were wrong. We figured the Fed would pause now. Instead, it went ahead with its rate hike and suggested it would pause in 2019. This was widely expected by the markets, if not by us. Early yesterday, investors guessed – as we did – that the Fed would … Read more

ANOTHER WHISTLEBLOWER! FBI Deep State Sweating Bullets As Former Agents Tells All

Jim Hoft for the Gateway Pundit reports, Former FBI Supervisory Special Agent Robyn Gritz has asked SaraACarter.com to post her letter to Judge Emmet G. Sullivan in support of her friend and colleague retired Lt. Gen. Michael T. Flynn, who will be sentenced on Dec. 18. https://www.youtube.com/watch?v=hTrrlwIsETc Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018… Via SaraCarter.com and ZeroHedge: Andrew McCabe I believe … Read more

Stephen Miller Decimates Leftists Over Death Of Migrant Girl; Explains Importance Of Border Wall

Ryan Saavedra for the Daily Wire reports, Senior White House adviser Stephen Miller appeared on CBS’s “Face the Nation” on Sunday where he blasted “left wing, activist” judges for rulings that have put lives of Americans and migrants at risk by incentivizing the “most vulnerable populations” to come to the United States. https://www.youtube.com/watch?v=KGlaSK0bKq8 Read More/Source/Credit/FairUse: … Read more

TRUMP’S GREAT TALENT IS HIS ABILITY TO DRIVE PEOPLE CRAZY

via Twitter: For example: He’s even got Hillary Clinton, of all people, telling us that actions have consequences. A consequence of Hillary’s actions in Libya — “we came, we saw, he died” — was black people being sold as slaves in open-air slave markets. So maybe she should sit this one out. But note how despite her dreadful track record, … Read more

Trump’s Syria Pullout Fuels Backlash Across DC: Hawks, many liberals furious after surprise shift on Syria deployment

by axolotl_peyotl File this one under one of the (only) “cautiously optimistic” actions taken by the Trump administration in its entire existence. The Mockingbird MSM showed its true colors in a dramatic way when Trump first took military action in Syria, as the only time they expressed a shred of support for Trump was when he was … Read more

$1.3 Trillion “Leveraged Loan” Boom Comes Unglued

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Fed has warned about them, and investors fear a run-on-the-fund.  The $1.3 trillion “leveraged loan” boom is coming unglued: Not because the junk-rated, highly leveraged, cash-flow-negative companies that issued these loans are massively defaulting – they’re not yet – but because investors are fleeing these instruments that had been super-hot … Read more

Liquidation into quad witch

liquidation into quad witch pic.twitter.com/aRI1hdan93 — Alastair (@StockBoardAsset) December 21, 2018 From $21 billion inflow to $19 billion outflow on dollarflow index – UNPRECEDENTED! #ticktools — mcm-ct.com (@mcm_ct) December 21, 2018 wow – what a mess this quad witching is turning out to be – lots of offsides holders/settlements — mcm-ct.com (@mcm_ct) December 21, 2018 … Read more

Another Bad Market Day

by Chris Well, htere’s not a lot of positives for the bullks out there.  Tough start to the holiday shopping weekend too for those that were hoping for unbridled shopping spirits. The S&P finished down another -50 points: There was really nowhere to hide today, except, oddly, in the US dolalr which popped nearly 0.9% … Read more

Credit Markets Deteriorating

by Chris Stocks are for show, but bonds are for dough. Always keep your eye firmly on the credit space.  That Federal Reserve could give a rat’s ass about whether or not you are employed or your milk costs 2x what it did last week.  They care about the credit markets. Everything else is a … Read more