I Read The News So You Don’t Have To – Market News (Dec. 11, 2018)

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by ogordained UNITED STATES Futures are up this morning following a call between the Chinese Vice Premier and the U.S. Treasury Secretary Job openings are near record highs, passing seven million openings Manufacturing, Hotel, & Restaurant workers are all in high demand Small Business Sentiment continues to improve  A congressional committee will grill Google’s CEO Sundar Pichai The decline of shopping malls has been a boon … Read more

2019 is going to be more destabilizing, markets are already positioned well below the FOMC dots

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Markets are already positioned well below the #FOMC dots. via @SoberLook pic.twitter.com/iweCWoToE9 — Taylor-Swift Yield Spread (@TayTayLLP) December 6, 2018 The futures market is now pricing in less than 20 basis points of rate hikes next year. https://t.co/5LoOrY5Tb3 via @SoberLook pic.twitter.com/6qPVHlhXf5 — Jesse Felder (@jessefelder) December 10, 2018 All European sectors puke….2019 is going to … Read more

Hong Kong tops global list for super-rich home buyers… Cities where $25M homes are standard

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Super expensive Hong Kong tops the global list for super-rich home buyers The world’s super-rich collectively spent $6.6 billion in a recent 12-month period on homes worth $25 million or more, according to new research by Knight Frank, the global real estate consultancy firm. The ultra-wealthy bought these residences in cities around the world, but Hong Kong … Read more

Panic Is Off The Charts, No Escape & No Deals

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Deep state pushes their agenda by trying to push the idea that Trump used campaign funds to pay off people, this happened before running and it was Cohen who did this. Comey, Schipp and Brennan and the rest of the gang are in complete panic. Protests (yellow vests) are spreading around the world. Macron tries … Read more

The Rise And Fall Of Netflix: Here Are 5 Reasons Why Netflix Stock Is Crashing As The Company Heads For Oblivion

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by Michael Snyder Netflix originally had a truly disruptive business model and they fundamentally changed the way that Americans consume media, but now they are heading for the same fate as Blockbuster.  For years, Netflix was really the only game in town, but now content costs are spiraling out of control and new competitors with … Read more

“Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “The authorities should prepare contingency plans.” The big four banks are too exposed to mortgages. Even if the banks don’t topple, the economy will get hit hard. In its latest report on Australia, the OECD focuses to a disturbing extend on housing, household debt, what the current housing downturn might do … Read more

The Prelude To A Global Reset? New Lows In Smart Money Flow Index, Yield On Deutsche Bank Coco Bond Explodes, Financial Conditions In The Eurozone Crashed….

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https://twitter.com/OccupyWisdom/status/1072279752772341760 https://twitter.com/OccupyWisdom/status/1072255320645427200 Oops! Yield on Deutsche Bank Coco Bond jumps above 12%, highest since 2016. pic.twitter.com/NcpAmrMB0K — Holger Zschaepitz (@Schuldensuehner) December 10, 2018 TROUBLE for this weeks ECB meeting. Financial conditions in the Eurozone have dropped to lowest since 2016. pic.twitter.com/I7RnyUAp6g — Holger Zschaepitz (@Schuldensuehner) December 10, 2018 South Korea exports of semiconductors are now … Read more

Tesla Bond Conversion Update:

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via @Paul_M_Huettner: 2019 Bonds: 107.859 (7.859% premium) $5mm traded today $TSLA Stock: $365.15 (1.468% premium) Reminder: $TSLA will pay based on previous 20 day VWAP formula. Payout is currently at $990.42 so conversion now makes ZERO sense. Quick update to this with the help of @GatorInvestor. The observation period to determine conversion value after 12/1/18 is … Read more

Today’s bounce off the lows turns out to be among the most desperate and pathetic moves since the October high…absolutely terrible

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get ready for hell! today’s bounce off the lows turns out to be among the most desperate and pathetic moves since the October high…absolutely terrible… $SPX #ES_F Charts coming — mcm-ct.com (@mcm_ct) December 10, 2018 This was a bad day imo – bad for risk. This stuff imo actually will intensify the coming drop https://t.co/KYk0W7xXtf … Read more

Nearly a million filed for disability during the recession who otherwise wouldn’t have, study finds

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Via Marketwatch William H. Macy portrays a character falsely claiming disability on “Shameless.” Nearly 1 million people filed for disability benefits they ordinarily wouldn’t have due to the recession, a new study finds. Another 400,000 filed earlier for disability than trends would have suggested, the study finds. The study puts into numbers what economists had … Read more

TraderStef & Dave Janda Break-Down A Stock Market Teetering On The Edge, Gold, And More

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TraderStef (connect with TraderStef via Twitter or at TraderStef’s website) interviewed by Dave Janda on Operation Freedom via TraderStef.wordpress.com Original Title:  TraderStef on Operation Freedom – Live w/Dr. Dave Janda on WAAM 1600AM Talk Radio, Dec 9, 2018 – U.S. Stock Markets & Gold Original Source: https://davejanda.com Interview Topics: Introduction by Dr. Janda Stock Markets – Bull vs. Bear Market Profit taking time for passive … Read more

Matthe Whitaker not only was there gross mishandling of classified documents by Hillary Clinton but it was intentional & Comey helped cover it up

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by Jake Acting Attorney General Matthew Whitaker, not only was there gross mishandling of classified documents by Hillary Clinton but it was intentional and Comey helped cover it up. Why else would she have a private server.   Matthew Whitaker, Mueller’s New Boss, Said There Was ‘No Collusion’ With Russia   https://www.thedailybeast.com/matthew-whitaker-trumps-new-ag-declared-there-was-no-collusion-between-trump-and-russia    

Mario’s Hell

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by northmantrader Oh dear. I don’t envy Mario Draghi right now. But he’s doubled the ECB balance sheet to over 41% of Eurozone GDP since 2014 and he’s kept interest rates at -0.4% since March 16, 2016 and has been advertising an end to QE by the end of 2018. Problem for Mario and the ECB: Growth and … Read more

Washington Post: campaign to pay $375,000 fine for campaign finance violations – among the largest penalties in the agency’s history

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by KOS Washington Post: Obama campaign to pay $375,000 fine for campaign finance violations – among the largest penalties in the agency’s history The $375,000 fine is the largest collected by the FEC in the past five years. It ranks within the top 15 fines since 1980, according to a list on the agency’s Web … Read more

China, Corporate debt and profits, Bank credit, Japan, Leveraged loans

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by WARREN MOSLER China exports falling with tariffs: China’s November export, import growth shrinks, showing weak demand US exports turning south as well? The deceleration that started with the collapse of oil capex in Dec 2014 took a brief zig up late in 2017, and subsequently continued lower: Likewise the ability to generate gross profits … Read more