Via The Free Thought Project Franklin Township, OH — As TFTP reported in May, a vigilant citizen with a cellphone captured video of the ridiculously excessive force by police on 18-year-old kid who ran from them. In spite of teen being handcuffed, face-down on the ground, with another officer on top of him, a Franklin Township … Read more
by Jesse “This is the greatest economy in the history of our country.” Donald J. Trump, November 2018 “I see dead people. Walking around like regular people. They don’t see each other. They only see what they want to see. They don’t know that they’re dead.” Cole Sear: The Sixth Sense Stocks had a rough day … Read more
Larry Summers, former treasury secretary and former economic council director, joins CNBC’s “Closing Bell” to talk about his take on the Fed rate hike.
by Chris I know I should not be surprised by this on CNBC, but still, I found its shamelessness staggering… https://www.cnbc.com/2018/12/20/cramer-fed-rate-hikes-widen-wealth-gap-b… From the article: CNBC’s Jim Cramer, a critic for months of the Federal Reserve’s path higher for interest rates, said Thursday that the central bank led by Jerome Powell is taking money out of … Read more
via @Hedgeye: -6% -8% -12% -13% -14% -15% -15% -15% -16% -16% -16% -17% -19% -19% -19% -21% -22% -24% -24% -29% -31% Global equity market capitalization hit new lows today. 1/28/2018: $87 trillion 12/20/2018: $70 trillion In other words, $17 trillion gone from global market cap or down -20%.
by NaturalHedgehog Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging! Below are my notes from 19 December 2018 as of mid-morning. (This list is limited to … Read more
NEW YORK (Reuters) – There is no more mistletoe hanging above the markets. The romance U.S. fund investors once had with the stock market was put to rest in 2018 when buy the dip turned into sell the rip. For evidence, look no further than exchange-traded funds (ETFs), which hold baskets of stocks across … Read more
by Dr. Eowyn President Ronald Reagan famously said “Trust, but verify” — a Russian proverb — at the signing of the nuclear disarmament Intermediate-Range Nuclear Forces Treaty with the Soviet Union on December 8, 1987. This post is an effort at “trust, but verify”. Four days ago on December 16, 2018, a triple-amputee Iraq … Read more
via mishtalk: The market did not seem to like statements Jerome Powel made following the FOMC announcement. Head Scratching There's head scratching over whether today is hawkish or dovish, given SPX is falling. Equities may be trading on Powell's more cautious growth message, so that drop doesn't mean today is hawkish, just that equities don't like … Read more
via MarketWatch: If you have credit-card debt, it just got a little more expensive. The Federal Reserve on Wednesday once again raised its benchmark federal funds rate — having already done so earlier this year — as many economists had expected. The Federal Open Market Committee announced that it will raise the rate from 2.25% to 2.50%. … Read more
Curtis Houck for NewsBusters reports, On MSNBC’s Hardball with Chris Matthews, two separate MSNBC panelists suggested that not only did then-candidate Donald Trump’s hush money payments to Stormy Daniels and Karen McDougal “[rob] the American people of their right to vote,” but that he was not a “democratically elected” president because of them and possible … Read more
via Yahoo: About 80 feet below Wall Street lies about 6,350 tons of gold, made up of about 508,000 bars, that are collectively worth hundreds of billions of dollars. According to ‘Key to the Gold Vault,’ a Federal Reserve Bank of New York (FRBNY) publication, the gold vault in the New York Fed’s basement “is the world’s largest accumulation … Read more
via Bloomberg: For the first time in seven years, the Swedish central bank raised interest rates, surprising many in the market as policy makers chose to focus on low unemployment instead of an uncertain outlook driven by global trade conflicts. The Riksbank, which is based in Stockholm, added a quarter of a percentage point to … Read more
by Daniel Carter The yield curve is collapsing once again, and that has many investors talking about what it means for the US economy. Overwhelmingly, the sentiment is that a flattening yield curve is bad for the economy, and an inverted yield curve spells imminent danger for the stock market. Is this true? Sort of but, … Read more
The reason why generation Y does not believe in Free Speech https://www.youtube.com/watch?v=8iHmW4eKSHo
Not matter if we like it or not, 5g is coming – but what could be some of the effects of 5g to those that are exposed to it. Those questions recently came up on a roundabout in Washington DC into 5g. https://www.youtube.com/watch?v=-yCDPXVrOnc
by confoundedinterest The US Treasury 10Y-2Y slope just breached the 10 basis point barrier. And with that, gold is rising. Yes, we are on the inversion express. With gold as the protection. All aboard! Jerome Powell is engineer.
by Daniel Carter Portrait while in Prussian service, by Karl Wilhelm Wach Hostilities between left and right grow daily in the United States. All it takes is a brief glance at history to see that these hostilities could eventually devolve into civil war. Both sides are beginning to realize this. However, one side seems much more confident … Read more
by Daniel Carter In a somewhat stunning turn of events, it was announced yesterday that Trump has ordered a full troop withdraw from Syria. Here is what President Trump had to say on the matter: We have defeated ISIS in Syria, my only reason for being there during the Trump Presidency. — Donald J. Trump (@realDonaldTrump) … Read more
by Chris Well, after some very heroic overnight futures lifting, and then many shuffles across SPX 2500 as “The Dance of the Big, Round Number” dutifully plays out, the US equity markets are once more headed down in earnest. There will be no Santa rally this year. Coal for everyone. Well, except those properly hedged … Read more