Credit-card delinquencies, application rejections, and involuntary account closures are all on the upswing, according to a report from the Federal Reserve Bank of New York. The Fed says these developments are “potentially concerning” given the strength of the economy and comparatively low interest rates. The trends most likely indicate that credit-card companies issued debt too … Read more
via confoundedinterest: Chicago IL (should be ILL) is the poster child for an insane pension program (mostly to municipal workers and public school teachers). But not only in the city of Chicago, but the state of ILLinois as well. Consider that the unfunded liability in the state’s combined retirement systems has risen in 11 of the … Read more
The biggest-ever bet on Bitcoin options is about to expire worthless. Purchased for almost $1 million on LedgerX’s trading platform just days after Bitcoin peaked a year ago, the call options have a strike price of $50,000 and an expiry date of Dec. 28, 2018. For the contracts to retain any value at expiry, Bitcoin would … Read more
by NaturalHedgehog Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging! Below are my notes from 3 December 2018 as of mid-morning. (This list is limited to companies … Read more
Deutsche Bank, Silver, Cryptos Derivatives = Creative Destruction Event Hang on tight! Deutsche Bank is the lynch pin of the Derivative Implosion and that lynch pin is getting pulled NOW! Noble Group just failed and was DB’s counter party to MASSIVE SILVER DERIVATIVES! h/t TerraForms
They literally have no idea what they’re talking about at this point AC
by Graham Summers of Gains, Pains, & Capital Stocks will be opening down today… as in DOWN. As bad as it’s looking, things were actually much worse a few hours ago. The initial drop was so massive that the futures exchange intervened to stop the carnage. And things are only going to be getting worse from here. The #1 question … Read more
Could this be the kick-off to WW3 if the other avenues fail? Not much out there about this now. US giving another reason to control and keep petro dollar from failing. I look at it like this, China was making massive global moves and all our leaders were ignoring it. The pentagon has been … Read more
by Kimble Charting Are stocks receiving another dire warning, similar to the message received in 2000 & 2007? Very possible! This chart looks at the yield on the 10-year yield, inverted. This chart now resembles bond prices. The inverted yield has remained above a key support line for the past 25-years. In 2000 & 2007 the inverted … Read more
Payroll growth slows in November as labor market tightens Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service sector added 163,000, led by professional and business services. Medium-size businesses were the biggest job creators. “This month’s report is free of significant weather effects … Read more
The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.” … Read more
‘Final outcome’: France to deploy 65,000 cops as protesters plan massive Saturday demonstration With protesters planning to converge in the Elysee Palace in Paris on Saturday, French authorities are preparing to deploy 8,000 additional officers in Paris and 65,000 nationwide. While Emmanuel Macron’s government has abandoned a controversial fuel tax hike, thousands of protesters are … Read more
by Thinker Hillary Clinton didn’t win, and so corruption is coming to and END Under MAGA!!! MANHATTAN (CN) – Three years after the leak of the Panama Papers exposed a worldwide network of tax-avoiding shell companies, federal prosecutors brought charges Tuesday against four men tied to the law firm Mossack Fonseca. Obtained by the German newspaper … Read more
Mother shoots son who pulled out samurai sword during argument, Fort Worth police say. A woman shot her adult son Monday afternoon after he pulled out a samurai sword during an argument, Fort Worth police said. The mother and her 21-year-old son were fighting shortly before 4 p.m. in the 3000 block of Forest Avenue, … Read more
Dated today. https://ecf.dcd.uscourts.gov/cgi-bin/show_public_doc?2014cv1242-54 Judicial Watch heavy lifting gets results in court. Here’s the latest: https://www.judicialwatch.org/press-room/press-releases/federal-judge-opens-discovery-into-clinton-email-usage/ FITTON:MASSIVE Breaking: Fed court excoriates State and DOJ on Clinton email, orders discovery plan in 10 days as to whether Hillary Clinton email system an intentional attempt to evade FOIA. “One of the gravest modern offenses to gov’t transparency…” Big decision, … Read more
by Thinker The Department of Energy and the Ohio Environmental Protection Agency have let down the people of Appalachia and are about to let radioactive waste pollute our groundwater. A shuttered uranium enrichment plant in Piketon, Ohio has left the community with higher than average rates of cancer and other health issues. Time for the … Read more
by Thinker Banking Government changing the game in Canada??? On November 9, the Canadian government amended rules for “non-mailable items” and snuck into those rules is a prohibition against mailing “. . . gold bullion, gold dust and non-manufactured precious metals . . .” Precious metals are now a prohibited item and can be seized … Read more
Authored by Chris Hamilton via Econimica blog, What happens when asset valuations rise well in excess of income? Generally bubbles form and then burst. With that in mind… Wilshire 5000 (red line representing all publicly traded US equities), disposable personal income (dark blue line), real disposable personal income (light blue line), and federal funds rate (black … Read more
If Etrade is actually down – that is criminal – closing exchanges and trapping retail – all in the name to save the dying stock market. Rumors some major exchanges were limiting sell flow – and now we know why people think the stock market is rigged. pic.twitter.com/YXKz4OzqqR — Alastair (@StockBoardAsset) December 6, 2018
Emails written by Facebook’s chief and his deputies show the firm struck secret deals to give some developers special access to user data while refusing others, according to MPs. A cache of internal documents has been published online by a parliamentary committee. It said the files also showed Facebook had deliberately made it “as hard as possible” … Read more