From Jim Rickards at The Daily Reckoning: On Saturday, Dec. 1, at the end of the G-20 meeting in Buenos Aires, President Trump and his team of trade and finance advisers had dinner with President Xi Jinping of China and his team. The purpose was to discuss the ongoing trade war between China and the U.S. … Read more
My favourite quote: If people can’t control their own emotions, then they have to start trying to control other people’s behaviour. h/t Jim
by John Rubino Despite all the ominous press being devoted to the soon-to-be-inverted yield curve, it’s not always clear why such a thing matters. In other words, how, exactly does a line on a graph slipping below zero translate into a recession and equities bear market, with all the turmoil that those things imply? The answer … Read more
From By Javier Blas and Tina Davis via Bloomberg: After flooding the U.S. market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories. American-based oil refiners have been told to expect much lower shipments from the … Read more
House Oversight Committee Chairman Mark Meadows is slamming two Clinton Foundation whistleblowers for refusing to share crucial documents with lawmakers. On Thursday, John Moynihan and Larry Doyle rejected Meadows request to turn over 6,000 pages of evidence, which could implicate the Clinton Foundation in a pay-to-play scheme. However, the whistleblowers did agree to answer the … Read more
Prominent short seller Jim Chanos says he’s concerned about the fragility of the stock market in response to increases in interest rates. “One of the things that worries me is just how fragile we seem to be to small rises in interest rates,” Chanos told CNBC’s Sarah Eisen. While government debt rates rallied for much … Read more
via Tess Pennington: ‘Twas the night before Christmas, when all thro’ the house/ Not a creature was stirring, not even a mouse;/The stockings were hung by the chimney with care,/… … but mom forgot to stuff them and now they’re bare.” If you’re anything like me, you probably spent countless hours organizing your Christmas lists, reading product … Read more
Facebook has just revealed a Photo API bug gave app developers too much access to the photos of up to 5.6 million users. The bug allowed apps users had approved to pull their timeline photos to also receive their Facebook Stories, Marketplace photos, and most worryingly, photos they’d uploaded to Facebook but never shared. Facebook … Read more
from Zero Hedge GOP lawmakers are fuming over a partial government shutdown set to hit just in time for Christmas, after President Trump put his foot down in a Tuesday meeting with Democratic leaders and demanded $5 billion in funding for a border wall – as opposed to the $1.3 billion which would otherwise be appropriated. … Read more
by Simon Black In the year 1157, the Republic of Venice was in the midst of war and in desperate need of funds. It wasn’t the first time in history that a government needed to borrow money to fight a war. But the Venetians came up with an innovative idea: Every citizen who loaned money to … Read more
Could you actually ditch your smartphone for a year? Vitaminwater wants to find out, and it’s willing to part with $100,000 if someone can rise to the challenge. To enter the contest, you need to submit a post on Twitter or Instagram (so, yes, perhaps using a smartphone), including the hashtags #nophoneforayear and #contest, and … Read more
CUCUTA, Venezuela/Colombia border – As Venezuela continues to crumble under the socialist dictatorship of President Nicolas Maduro, some are expressing words of warning – and resentment – against a six-year-old gun control bill that stripped citizens of their weapons. “Guns would have served as a vital pillar to remaining a free people, or at least able to … Read more
by DCG Moms Demand modeling “responsible” behavior/ Lewiston Tribune photo I love it when gun grabbers prove they know nothing about basic firearm safety and don’t practice what they preach. Granted, the gun this woman is holding in the picture is an air pellet gun yet she is contradicting the firearm safety rules listed directly behind … Read more
by WARREN MOSLER The tariff thing keeps taking its toll: China Nov car sales fall 14%, biggest drop since 2012 (Reuters) China’s automobile sales fell 13.9 percent in November from a year earlier. The drop in sales to 2.55 million vehicles, a fifth straight decline in monthly numbers. The last time sales fell by more … Read more
by DCG It’s amazing that some progressives actually take this womyn seriously. From Fox News: Liberal political website Vox is getting accused of jumping the shark after publishing an appeal to “fix the Constitution ASAP” so that 29-year-old incoming Democratic Rep. Alexandria Ocasio-Cortez can run for president – claiming “there’s no time like the present to start working … Read more
by Dr. Eowyn Another longtime American institution lost to pedophiles and the Left’s political correctness. Founded in 1910, the Boy Scouts of America (BSA) is one of the largest Scouting organizations and youth organizations in the United States. Boys are trained in responsible citizenship, character development, and self-reliance through participation in a wide range of outdoor activities, … Read more
Demand hell is the worst hell. $TSLA https://t.co/Szmlsb9HvE — ΒlackRοcκ-Fundraising (@fordotguy) December 14, 2018 https://twitter.com/mydoghasagun/status/1073449047078330368
via thefreethoughtproject: A Florida court was shocked this week when disgraced ex-deputy Scot Peterson aka “The Coward of Broward” claimed in court that he had no legal duty to confront the Parkland shooter and protect the children inside the school. Although the judge rejected the deputy’s claim that he had no duty to confront Nikolas Cruz that day, … Read more
by Martin Armstrong Once upon a time, they use to write songs about California Dreaming. It is now turned 180 degrees to the main dreaming in California is how to get out of the same. You just cannot keep raising taxes endlessly reducing the standard of living of the people and survive indefinitely. It is official. The … Read more