Investment Watch Blog

by Daisy Luther We weren’t expecting to see a loss of food stamp benefits until the end of January, but a grocery store in Indiana reported they are unable to process EBT payments. In Clay City, Indiana, the local IGA discovered the problem last week. Initially, they thought it was a technical glitch. “Our machines … Read more

Watch the latest video at foxnews.com https://video.foxnews.com/v/5986854192001/?#sp=show-clips AC

The ACLU has been very active both politically and in litigation in opposing federal and state legislation that in various ways penalizes boycotting Israel. Commentators up and down the progressive left have been relying on the ACLU for the proposition that this legislation is a violation of First Amendment free speech rights. For the record, … Read more

via Bloomberg: Closure could mean lost, delayed money for service providers Boeing, Leidos among companies with big federal contracts   If recent history is any guide, federal contractors could be out more than $200 million a day in lost or delayed revenue from the partial government shutdown, based on data compiled by Bloomberg. The companies … Read more

While bear market rally continues, spreads are flattening again… pic.twitter.com/nl4YbqhqnL — Alastair (@StockBoardAsset) January 7, 2019 bear market rally #ES_F pic.twitter.com/uYPMpl68AU — Alastair (@StockBoardAsset) January 6, 2019 3rd biggest drop in Services ISM since the financial crisis pic.twitter.com/jWTb2YH81m — zerohedge (@zerohedge) January 7, 2019 https://twitter.com/ab65449089/status/1082056657033670656 you know you are in a bear market rally when … Read more

via MarketWatch: With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and buried. The enormous delinquency problem in the New York City metro area shows why I’m convinced that the U.S. housing and mortgage crisis is far … Read more

by NineteenEighty9   Global wealth report 2018 During the twelve months to mid-2018, aggregate global wealth rose by $14.0 trillion (4.6%) to a combined total of $317 trillion, outpacing population growth. Wealth per adult grew by 3.2%, raising global mean wealth to a record high of $63,100 per adult. The US contributed most to global … Read more

via moneyweek: What with markets sliding and bond yields tumbling in a “flight to safety”, inflation is the last thing on investors’ minds. Instead, the fear is that we’re heading for recession and that deflation will take hold once again. A scary prospect, what with interest rates still very near 0%. I’m not so sure that … Read more

via Reuters: Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency plunged in a year marked by an economic crisis fuelled by U.S. sanctions. “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday … Read more

via CNBC: The share of Americans who think it is a good time to buy a home just dropped sharply, according to a December survey from mortgage giant Fannie Mae. The share of those surveyed who think home prices will go up fell 2 percentage points, and those who expect mortgage rates to drop was … Read more

Via ZeroHedge Sears Holdings Corp is readying plans for a liquidation after Chairman Eddie Lampert’s bid to pull approximately 425 stores out of bankruptcy was rejected, according to Bloomberg, citing people familiar with the matter.   Lampert offered a $4.6 billion package backed by lenders Bank of America and Citigroup, as well as a new participant … Read more

From Forbes: By the time he was diagnosed with metastatic melanoma, Luke Simons, now 83, had already watched his wife and his longtime business partner struggle with cancer. His wife had chemo for her breast cancer 20 years ago. His business partner with multiple myeloma died 5 years ago. “I was obviously aware of what it … Read more