Interview with Hayman Capital Founder, Kyle Bass. Bass says 1$ trillion infrastructure stimulus is needed or US will hit a recession. https://twitter.com/askjaychang/status/1072511368010571777
via zerohedge: The shock of rising interest rates isn’t just affecting the macro picture and grinding the US economy to a halt, but it is also having profound effects globally. In Canada, personal bankruptcies are on the rise as household debt lingers at, or above, all time highs and interest rates force the cost of servicing … Read more
via yahoo: Fed Piles Up $66 Billion in Paper Losses as It Faces Trump Wrath (Bloomberg) — The Federal Reserve is piling up unrealized losses on its $4.1 trillion bond portfolio, raising questions about its finances at a politically dicey moment for the independent central bank. The Fed had losses of $66.5 billion on its … Read more
by Jesse “Four weekends of mass protests in Paris and in towns and villages across France have hampered economic activity while hurting the country’s image with investors, the government said Monday… He [Macron] did not mention changing course on the most business-friendly overhaul of the French labor market in decades. The omission was a signal … Read more
Two groups of Central American migrants marched to the U.S. Consulate in Tijuana on Tuesday with a list of demands, with one group delivering an ultimatum to the Trump administration: either let them in the U.S. or pay them $50,000 each to go home, a report said. https://www.msn.com/en-us/news/us/migrant-group-demands-trump-either-let-them-in-or-pay-them-each-dollar50g-to-turn-around-report/ar-BBQPKtI?li=BBnb7Kz look at the video. they’re not … Read more
via Bloomberg: Hong Kong’s banks are staring at a tough year for business, marred by lower demand for loans and a peak in local property prices. Goldman Sachs Group Inc. cut the lenders’ loan-growth estimates and target prices on Tuesday. Citigroup Inc. said the banks’ shares may drop as much as 15 percent in 2019. … Read more
via thestreet: This might not come as a surprise to students of retirement, but it does shed light on the need for Americans of all ages to plan — and preferably with the help of a financial planner who is a fiduciary and one who provides comprehensive holistic advice — for their future. Consider: Two-thirds of … Read more
via Marketwatch: If you’re using economic indicators to determine your allocation to the stock market, you will most certainly be well behind the curve An Elliottwavetrader member attended the 32nd Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago in November. On the first day, he sat in a room with 150 … Read more
via CNBC: For example, 27 percent of people in Florence, South Carolina, who bought their car with a so-called subprime score — defined as a VantageScore between 300 and 600— are delinquent. Yet just 3 percent of residents with the same credit profile in El Dorado, California, are.
via @BohnetCh: 1) first drop around 9/10% 2) followed by a new all time high 3) second drop of 10% the same year All of them => entered in a bear market territory Will 2018 be different?
HFRX Global Hedge Fund Index is in turmoil pic.twitter.com/B1TJPwIEOj — Alastair (@StockBoardAsset) December 12, 2018 US 10 – 2 year #yieldcurve drops to 10 basis points! pic.twitter.com/WkmB522KLT — jeroen blokland (@jsblokland) December 11, 2018 A Bear Market is now underway $SPX $SPYhttps://t.co/QTRmH6VONS pic.twitter.com/Zrwo0u6OQf — Cam Hui, CFA (@HumbleStudent) December 10, 2018 LONG OVERDUE? This chart … Read more
by John Ward It is the assumption of many Brexiteers that the best result in tonight’s Conservative vote of confidence would be the humiliating defeat of Theresa May, and her immediate resignation. I doubt very much that is going to happen. But given the DUP’s importance in the Brexit withdrawal, her survival could well lead swiftly … Read more
BY ROBERT ROSS It looks like the stock market roller coaster is set to continue. After weeks of ups and downs, the stock market erased its November losses last week. This came after Federal Reserve Chairman Jay Powell said that interest rates were “just below” the normal level. Regular readers know the market has been in … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter On Tuesday, the US KBW Bank index, which tracks the largest 24 US banks and serves as a benchmark for the banking sector, dropped 1.2%, the fifth day in a row of declines, to the lowest close since September 7, 2017.The index is now back where it had been on December … Read more
(Bloomberg) — President Donald Trump urged the Federal Reserve not to proceed with an expected interest-rate increase when it meets next week, continuing his public campaign against further rate hikes. “I think that would be foolish, but what can I say?,” Trump said in an interview with Reuters at the White House on Tuesday. Trump … Read more
https://www.youtube.com/watch?v=-OUpYBJGw8E GOP launches new effort to expose Clinton Foundation https://www.youtube.com/watch?v=fAkiS…
NEW YORK (Reuters) – The growing ranks of stock market Eeyores now have another reason to stay glum: Next year’s profit picture is darkening fast. Corporate earnings forecasts are eroding as the tailwind from the tax cut fades and as investors worry the U.S.-China trade dispute could upend global commerce more than it already has. … Read more
via Marketwatch: Where you live in the United States makes a difference when it comes to paying off credit card debt. It takes the average New Mexico household nearly twice as long to pay off their credit-card debt as it does households in Massachusetts, according to a new report from CreditCards.com. New Mexico had the … Read more
The Next Recession: Europe could ‘infect us’ says Richard Fisher from CNBC. via CNBC: Richard Fisher is a senior advisor at Barclays and was president of the Federal Reserve Bank of Dallas from 2005 to 2015. He says the economy “is having the longest period of expansion since the Civil War” and expects that to … Read more
by Thinker Only the “TRUTH” will set the people free… Senate Judiciary Committee chairman Chuck Grassley of Iowa wants answers pertaining to the FBI’s raid on the home of a Uranium One whistleblower. Robert Mueller’s role in the Uranium One scandal is a big deal as the Deep State War players are scrambling for ground … Read more