The Demise of the US Middle Class: Almost Half of All Workers Make Less Than $30K

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by howmuch The U.S. economy is booming. Republicans think President Trump deserves much of the credit for cutting business and individual tax rates combined with a deregulation agenda. And Democrats believe former President Obama rightfully deserves ownership for America’s recovery. Regardless of who gets credit, our newest visualization of net compensation levels for American workers demonstrates that the economy is … Read more

China, Drowning in Debt, Still Gets Below-Market-Rate Loans From World Bank

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via CNBC: The second-largest economy in the world is still borrowing billions from the World Bank. China gets below-market rates for projects financed with loans from the World Bank’s International Bank for Reconstruction and Development. The Trump administration backed a $7.5 billion capital increase for IBRD lending as the bank agreed to change its rules … Read more

2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence | Our Finite World

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via Gail Tverberg: Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing from a growth mode to a mode of shrinkage. This is something like a ship changing course, from going in one direction to going … Read more

Mish Shedlock: The Stock Market Is Hopelessly Dependent on Loose Fed Policy

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via mishtalk: Four Fed presidents, three of them voting members issued dovish statements today. Please consider Fed Policymakers Say Wait On Further U.S. Rate Hikes. After months of tumult in the stock market and rising speculation over a coming recession, presidents of four of the 12 Fed regional banks said they wanted greater clarity on the … Read more

Deutsche Bank Only Has Fresh Bad News to Report if It’s a Day That Ends in ‘y’

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via Bloomberg: Lender is sued in tax case, gets deadline from watchdog Analysts say bank probably had a difficult fourth quarter     First there were the raids at Deutsche Bank AG’s headquarters, then came the global market selloff. And the flow of bad news for Chief Executive Officer Christian Sewing is far from over. Germany’s … Read more

So, all that hype about christmas sales was, well, HYPE?! More signs of global slowdown

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So, all that hype about christmas sales was, well, HYPE?!!! Who could have guessed pic.twitter.com/WPJwFkazGN — mcm-ct.com (@mcm_ct) January 10, 2019 Retail is puking all over itself, again pic.twitter.com/VF337CS52R — Alastair (@StockBoardAsset) January 10, 2019 Why are retailers getting crushed? Because they loaded up on inventory they couldn't sell and are now liquidating. Also means … Read more

I Read The News So You Don’t Have To – Market News (January 10, 2019)

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by ogordained   UNITED STATES Futures are down slightly Donald Trump met with Nancy Pelosi and Chuck Schumer in an attempt to resolve the government shutdown. Trump walked out of the meeting after they said they weren’t going to fund a border wall The FOMC Minutes revealed a dovish Fed that’s readying to pause rate hikes The Dow and the S&P 500 both posted … Read more

BUSTED: Obama’s Border Chief Debunks Media Fact Checks

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Your first clue should be that Democrats said all this stuff just a few years ago and the media didn’t react this way. https://www.youtube.com/watch?v=TIyV7tnTG2U The talking points of the Libtards are always proven wrong and yet their zombie like followers march on and never question what they were told.     AC

Crude Oil Leads Bond Yields

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by Tom McClellan If you want to know what long term bond yields are going to do, you don’t need some fancy econometric model that incorporates GDP growth, unemployment rates, factory utilization, and all of the many other data series that economists watch. You just need to watch crude oil prices, and then wait 3 weeks. … Read more

What Will Cause The Next Recession?

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by Lance Roberts J. Bradford Delong wrote a very interesting article discussing the trigger for the next recession. “Three of the last four US recessions stemmed from unforeseen shocks in financial markets. Most likely, the next downturn will be no different: the revelation of some underlying weakness will trigger a retrenchment of investment, and the government … Read more

HUGE! Check Your BANK ACCOUNT! Look What President Trump Just Put In It!

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Jim Hoft for the Gateway Pundit reports, The average family in the United States today has seen an increase in their annual income of $3,100 under President Donald J. Trump. THIS IS ABSOLUTELY STUNNING! Of course, it will be ignored by the liberal mainstream media. https://www.youtube.com/watch?v=qPu8UncYSiQ Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…

New GOP Ad OBLITERATES Open Border Dems With BRUTAL Truth About illegal Immigration

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Ryan Saavedra for the Daily Wire reports, The Republican National Committee (RNC) released a new ad on Monday night highlighting how American families have been impacted by illegal aliens, which comes a day before President Donald Trump is set to address the nation about the ongoing crisis on the southern border. https://www.youtube.com/watch?v=3FLmqoxuTzM Read More/Source/Credit/FairUse: https://www.dailywire.com/news/41898/… … Read more

MILITARY JUSTICE IS KIND OF LIKE CAMPUS JUSTICE

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Navy Acknowledges Railroading of Marine Operator Falsely Accused of War Crimes. A Marine Special Forces officer has been promoted in retirement after the Navy acknowledged that he was falsely accused of war crimes for leading his men through a terrorist ambush. The Board for Correction of Naval Records admitted that Marine Maj. Fred Galvin was … Read more

WAIT, WHAT? Cher demands Pelosi end partial government shutdown, fund border wall: ‘DON’T DIE ON THIS HILL.’

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via Foxnews: Liberal music superstar Cher is holding congressional Democrats’ feet to the fire amid the ongoing partial government shutdown. It came after President Trump delivered a prime-time address from the Oval Office on Tuesday making the case for funding the border wall, which was followed by a response from House Speaker Nancy Pelosi, D-Calif., and Senate Minority … Read more