Mr Macron and Prime Minister Edouard Philippe’s popularity ratings hit new lows as the “yellow vest” protests gathered speed, according to an Ifop-Fiducial poll. The young centrist has been hit by a wave of popular discontent over a planned eco-tax rise, which quickly morphed into a broader rebuke of his aloof leadership style and tough … Read more
by Shaun Richards One of the features of the credit crunch era has been the falls in first world interest-rates and bond yields. The first phase saw the slashing of official short-term interest-rates and once that was seen to be inadequate, central banks directly purchased bonds to reduce yields further. It is seldom put like … Read more
by howmuch The American government is fast approaching the $22 Trillion mark in national debt. That’s about 137% of our entire GDP, one of the highest rates of indebtedness in the entire world. If the government seems addicted to adding to the national balance sheet, then Americans have a similar obsession for personal debt. The Federal Reserve Bank of New … Read more
by Martin Armstrong The European Court of Justice (ECJ) ruled that the UK can unilaterally cancel its withdrawal from the EU at any time and that will not be subject to a vote by other EU member states. This is a non-binding opinion that was delivered by an advocate general of the European Court of Justice. … Read more
If you’re tired of wrapping up presents and giving them to your children only to find them carelessly discarded, unwanted and unused, before January 1, listen up. This Christmas, consider giving the kids in your life something different. Skip the gaming systems, virtual assistants and smart phones and give young people investments instead. It’s a … Read more
by Spencer P Morrison, NEE General Motors last week announced it would close five manufacturing plants, four in America and one in Canada. President Trump responded to GM by threatening to cut the automaker’s subsidies unless it protected American jobs: Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan … Read more
via J.G. Martinez D.: One of the most devastating facts that I recently realized we have to deal with is with the changes in the very fabric of society associated with a collapse of this kind. We are seeing a breakdown of the society we once had and it is turning into something desperate and dangerous. … Read more
by Fabius Maximus Summary: The Left drives America down a slippery slow to an unknown future. Radical social changes are coming ever faster, experiments powered by government power, done without our consent. We can still get off this path. It is essential to see that we are sliding down the slippery slope. First, easy divorce. Second, … Read more
Market statisticians are falling over each other in 2018 to describe the pain being felt across asset classes. One venerable shop frames it this way: Things haven’t been this bad since Richard Nixon’s presidency. Ned Davis Research puts markets into eight big asset classes — everything from bonds to U.S. and international stocks to commodities. … Read more
via dailymail: Facebook employees are turning on boss Mark Zuckerberg, it was reported last night, as British MPs leaked a trove of documents then accused the company of spying on users’ calls and texts and signing secret deals to give access to their data. Former workers described a ‘toxic and hostile’ atmosphere at the social media giant … Read more
Inverted $VIX is now in the largest consistent divergence with $SPX in over 25 years pic.twitter.com/cYIEp3Uhtg — mcm-ct.com (@mcm_ct) December 5, 2018 https://twitter.com/hks55/status/1070450691225866244
by Chris The Huawei executive arrest is playing out very poorly in the “”markets””. After all of the efforts to stem the losses taken by the CME last night, the futures have drited lower and lower, and look to be opening with a -1.5% to -2% loss for most indexes, as well as for oil … Read more
A Massachusetts judge reportedly allowed an immigrant who was in court on drugs charges, and what appeared to be a Pennsylvania warrant for drunk driving, to leave through the back door to avoid immigration enforcement officers who had arrived to arrest him. Shelley Joseph, a judge in the suburbs of Boston, is reportedly being investigated … Read more
via Caitlin Johnstone: When even the Washington Post is saying your Russiagate article is bad journalism, your Russiagate article is really, really bad journalism. In an article titled “The Guardian offered a bombshell story about Paul Manafort. It still hasn’t detonated.”, WaPo writer Pul Farhi draws attention to the fact that it has been a week since the Guardian published a claim that … Read more
When will the rest of the West wake up ? https://www.youtube.com/watch?v=vMtQTpi55mA Time is way past due for a REAL clean out. Any partial measures will result in the same again, a little down the track, if not much worse. A dirty job for a very dirty ‘civilization’ . The price we pay for apathy and … Read more
by TFittonJW Honored to get Flame of Freedom Award this week: Eric Metaxas as also honored:
by Michael Snyder It looks like the turmoil for the financial markets is going to continue to get worse, and the mainstream media is really starting to freak out. Just a few months ago, they were continuously using the word “booming” to describe the state of the U.S. economy and they were assuring us that the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter House prices down $265,000 from peak, down $60,000 from year ago. America’s most majestic housing bubble begins to deflate. In San Francisco, the median price of single-family house sales that closed in November fell to $1.435 million. This is down a blistering $265,000 or 15.5% from the crazy peak in February … Read more