by Alan Yerushalmi from News with Chai The yellow vest (a.k.a. gilets jaunes) protests in France are a sign of a populace that has grown more discontent with their falling standard of living and who feel completely disconnected from their elected politicians. The protesters have a wide range of concerns (i.e. immigration, taxes, free trade, benefits, etc.) … Read more
by Martin Armstrong The European refugee issue just will not go away no matter how hard the politicians try to cover-up their mistakes. Now Charles Michel, the Belgian Prime Minister, resigned on Tuesday after his government collapsed in the face of opposition to his signing of a UN migration pact. Michel found himself abandoned after he lost … Read more
https://www.youtube.com/watch?v=xg11fN-cKKA
Amanda Shea for RWN Official reports, Americans are taking action to get the wall that Democrats have intentionally delayed, by paying for it themselves through donations made to the largest GoFundMe account dedicated to the cause. In just two days since the campaign began, the fund has already grown to over $1 MILLION DOLLARS, a … Read more
by Dave Kranzler of Investment Research Dynamics A friend asked me today what I thought Powell should do. I said, “the system is screwed. It ultimately doesn’t matter what anyone does. The money printing, credit creation and artificially low interest rates over the last 10 years has fueled the most egregious misallocation of capital in history of the … Read more
by Martin Armstrong QUESTION: Marty I read your daily newsletters as the only source of real news ‘out there’ Fascinated by the report that Canadians are discovering thickening ice cover How do I convince reporters for the much respected ‘Wired’ magazine and the Popular Mechanics website that their constant refrain of ice melts, rising sea levels … Read more
by Shaun Richards This morning has brought news of an event that had been promised so many times but turned out to be a false dawn. Indeed on their way to apparently making sense of this world Rosa & Roubini Associates told us this. Riksbank Likely to Wait Longer Before Lift-Off I guess you are … Read more
by ogordained UNITED STATES Futures are up slightly after yesterdays selloff but the DOW and S&P500 are still on track for their worst December since the Great Depression The Fed felt the market and investors felt the pain after rates were raised yesterday and predictions for GDPgrowth next year were lowered The Senate passed a bill to keep the … Read more
With anti-government Yellow Vest protests still roiling France, it now seems that some fed-up French police unions are ready to get in on the action, complaining of low pay, unpaid overtime and unacceptable working conditions. Speaking to RT on Wednesday, French police union representative Loic Travers said that when some officers are not in uniform “they … Read more
by Troy The S&P 500 is now down approximately -15% Go here to understand our fundamentals-driven long term outlook. Let’s determine the stock market’s most probable medium term direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month. *Probability ≠ certainty. Past performance ≠ … Read more
by Michael Snyder The Federal Reserve has decided not to come to the rescue this time. All of the economic numbers tell us that the economy is slowing down, and on Wednesday Fed Chair Jerome Powell even admitted that economic conditions are “softening”, but the Federal Reserve raised interest rates anyway. As one top economist put … Read more
by Michael Snyder Many conservatives are absolutely furious that President Trump has reversed course and has decided not to fight for funding for a border wall. With the Democrats poised to take control of the House of Representatives in January, this was Trump’s last best chance to get border wall funding, and now the battle … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Existing home sales across the US drop 7% from a year ago, plunge 15.4% in the West. Sales of existing homes — including single-family houses, townhouses, condos, and co-ops — in November, dropped 7.0% from November last year, to a seasonally adjusted annual rate (SAAR) of 5.32 million homes, according to … Read more
Silver Doctors, Released on 12/19/18 Real estate expert Ben Jones says the 2008 Housing Bubble is still going on. If it is, we could see prices fall even lower than last time. Speculation and over exuberance has reentered the real estate industry, he says and predicts a major correction ahead. “It’s popping right now.” “You’re … Read more
by WARREN MOSLER Up some but the chart not looking so good: Highlights Mostly goods news finally greets the housing sector as both starts and permits are showing an uplift in November results that top Econoday’s consensus range. Starts jumped to a 1.256 million annualized rate for a 4-month high with permits at a 1.328 … Read more
by Shepyd Republicans are not happy about @realDonaldTrump tweet declaring victory over ISIS and withdrawing U.S. troops from Syria https://t.co/uUu4bmNbov — Andrea Mitchell (@mitchellreports) December 19, 2018 When presidents normally “wag the dog” they start a war. Trump is unique in all sorts of ways, including that he may now be wagging the dog by … Read more
Money manager Peter Schiff predicts, ““Americans are going to be impoverished on a national scale.” So, what is Schiff telling his clients to protect their wealth? Schiff says, “You’ve got to get money out of the U.S. dollar, out of U.S. bonds, out of U.S. stocks . . . which is what I am doing … Read more
via visualcapitalist: The real estate market is a location game. While forces like interest rates, demographics, and the economy help drive the housing market as a whole, the strength of your local market depends on other factors closer to home. When you zoom out to look at U.S. real estate from a bird’s eye view, you’ll … Read more
from Financial Survival Network Chris Vermeulen, the Gold and Oil Guy, joined us for a look at major markets. He says we’ll know very shortly whether we’re in a bear market. A couple more trading sessions should point the way. Gold is looking pretty good, but it’s not going to be straight up for it like … Read more
BTW, most people don’t know that remittances from the U.S. is the number one source of income for Mexican citizens. h/t DieHardOriginalist