French Riots, China’s Growth Rate & Defensive Assets In A Declining Market – Danielle Park

Talk Digital Network, Released on 12/6/18 Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog: http://www.jugglingdynamite.com. Danielle worked as an attorney … Read more

1 in 2 U.S. adults has had a family member incarcerated

by Dr. Eowyn FWD.us calls itself “a bipartisan” political organization, founded by technology and business “leaders,” which believes that America’s “broken immigration and criminal justice systems have locked too many people out from the American dream”. According to Wikipedia: FWD.us is a 501(c)(4) lobbying group . . . that aims to lobby and advocate for its … Read more

“Panic-like selling” grips Wall Street as the economic numbers point to “a lot of unpleasant things that nobody wants to admit”

by Michael Snyder  Fear is spreading like wildfire on Wall Street, and on Friday we witnessed yet another wave of panic selling.  The Dow Jones Industrial Average fell another 559 points, closing at 24,389.  Previously I had warned that once we solidly broke through 25,000 that it could trigger an avalanche of panic selling, and that … Read more

Are We in a Recession Already?

via Charles Hugh Smith  The value of declaring the entire nation in or out of recession is limited. Recessions are typically only visible to statisticians long after the fact, but they are often visible in real time on the ground: business volume drops, people stop buying houses and vehicles, restaurants that were jammed are suddenly sepulchral and … Read more

Macron Heralds The End Of The Union

by Raúl Ilargi Meijer Paul Almasy Paris 1950  The concept of the EU might have worked, but still only might have, if a neverending economic boom could have been manufactured to guide it on its way. But there was never going to be such a boom. Or perhaps if the spoils that were available in boom times … Read more

Change Happens Fast

via northmantrader: NFP missed this morning and futures initially seemed positive on the news. Why? Because it gives excuses for the Fed to slow down their 2019 rate hike schedule. Still running negative real rates 10 years following the financial crisis we’ve seemingly gone from Janet Yellen seeing risk of the economy overheating to “Federal Reserve officialsconsidering whether … Read more

Employment, NYSE margin debt

by WARREN MOSLER Employment growth had been decelerating with the collapse in oil capex in Dec. 2014, but had started to accelerate with the initial impact of the year-end tax cuts, which now look to be fading: Highlights Sustainable non-inflationary strength is the indication from the November employment report as payroll growth proved favorable and … Read more

Weekend Reading: Which Yield Curve Really Matters?

by Lance Roberts So, have you heard the one about the “flattening yield curve?” It almost sounds like the start of a bad joke because there have been so many discussions during this past year on it. However, it has been largely dismissed under the “this time is different” scenario as trailing economic data has remained strong and … Read more

Fed comments, Trump watching stocks

by WARREN MOSLER A falling stock market will get the Fed’s attention and trigger real economic weakness and aggressive rate cuts. But those rate cuts remove interest income from the macro economy, which doesn’t recover until after net deficit spending (public or private) gets high enough to support aggregate demand growth. And the last recession … Read more

The upcoming storm could crack the top five biggest snowfalls in Asheville, North Carolina history. (Global Warming alert)

  Get your suntan lotion out. Global Warming is at your door! The upcoming storm could crack the top five biggest snowfalls in Asheville, North Carolina history. The upcoming storm could crack the top five biggest snowfalls in Asheville, North Carolina history. pic.twitter.com/pv69VIIMKB — WeatherNation (@WeatherNation) December 7, 2018 A winter storm is on the … Read more

Elections have consequences: Oregon governor hires English major to craft multi-BILLION tax increase

by DCG Funny, when Gov. Kate Brown was running for re-election this year, she repeatedly declined to answer direct questions about tax policy (seeThe Oregonian). She also declined to say how much additional revenue the state would need. Voters re-elected her knowing that they would have to wait until late this year for the governor to release her budget … Read more

Never enough: Gun grabbers going after high-capacity magazines & more in Washington State

by DCG The gun grabbers in Washington State never quit. Voters in progressive Washington State approved (59.35% voted in favor) I-1639 last month which includes the following new gun control restrictions: Raising the minimum age to purchase a gun to 21 Adding background checks Increasing waiting periods Enacting storage requirements Read the details about the voter-approved initiative here. … Read more

More than 6 of 10 non-U.S. citizen households get welfare

by Dr. Eowyn A new study by the Center for Immigration Studies (CIS) found that, in spite of “barriers designed to prevent welfare use” by non-citizens, as many as 63% of non-U.S. citizen households in America have received some form of government welfare “often receiving benefits on behalf of U.S.-born children.” In contrast, only 35% of U.S. citizen households accessed welfare. … Read more

China-US scenarios

China-US scenarios: its obvious really but still a helpful 2*2 summary also of the varying scenarios that folks are laying out. @FitchRatings by way of @SoberLook pic.twitter.com/G0mipstEe3 — Adam Tooze (@adam_tooze) December 7, 2018