by Michael Snyder Stocks aren’t supposed to crash in December. Most of the time we see a nice “Santa Claus rally” to close out the year, and so what happened on Tuesday is definitely extremely unusual. The Dow Jones Industrial Average fell 799 points, which was the fourth largest single day point decline in stock … Read more
by Charles Hugh-Smith What’s scarce in a world awash in free content and nearly infinite entertainment content? After 3,701 posts (from May 2005 to the present), here are my observations of the Alternative Media from the muddy trenches. It’s increasingly difficult to make a living creating content outside the corporate matrix. The share of advert revenues … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Homebuilder Toll Brothers just said it out loud. High-end homebuilder Toll Brothers, when it announced earnings this morning, made some peculiar comments. Not so peculiar was the plunge in new orders in its fourth quarter, ended October 31: New orders dropped 13.3% from a year ago to 1,715 units. In California, Toll Brothers’ … Read more
by Michael Snyder Vibrant competition is absolutely essential in order for a capitalist economic system to function effectively. Unfortunately, in the United States today we are witnessing the death of competition in industry after industry as the biggest corporations increasingly gobble up all of their competitors. John D. Rockefeller famously once said that “competition is … Read more
House GOP member were cyber attacked during the midterms. Grassley writes a letter to Horowitz to explain the raid. Trump wants the wall built. Macron gives in to the yellow vests, but the people reject is temporary suspension of the tax. Q drops more bread, this goes much deeper than everyone knows. Is POTUS standing … Read more
by John W. Whitehead “This Christmas season finds us a rather bewildered human race. We have neither peace within nor peace without. Everywhere paralyzing fears harrow people by day and haunt them by night. Our world is sick with war; everywhere we turn we see its ominous possibilities. And yet, my friends, the Christmas hope for … Read more
by Deplorable Patriot The people in the photo below are Ethel and Julius Rosenberg in 1951. Ethel ‘s age was 37 , Julius 35. Executed June 19, 1953 . They were charged Conspiracy to commit espionage. Julius and Ethel Rosenberg were American citizens who spied, with others, for the Soviet Union and were tried, convicted, and executed by the federal government of the United States. They provided … Read more
SenatorRandPaul, Released on 12/4/18 Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., … Read more
by Troy The stock market tanked -3% today as the yield curve started to invert. Let’s determine the stock market’s most probable direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month. *Probability ≠ certainty. Past performance ≠ future performance. But if you … Read more
via Sputnik News: On today’s episode of Double Down, Max Keiser and Stacy Herbert talk to Nomi Prins, author of Collusion: How Central Bankers Rigged the World. https://video.img.ria.ru/Out/MP3/20181204/2018_12_04_DOUBLEDOWN141041218_mnei0kek.cvh.mp3
Relevant bit at 5:01 but the whole video is worth a watch. When discussing the media’s treatment of HW following his death, Jimmy Dore brings up an interesting idea regarding the psyche of our nation, the sycophantic nature of our culture and the general unwillingness to break from the official narrative of TPTB: “The United … Read more
by WARREN MOSLER Imports are real benefits, exports real costs. Seems everyone of consequence has it backwards? A collapse in global trade can make 2008 look tame:
Via The Daily Caller Republican Sen. Rand Paul of Kentucky said the deep state is exerting power over Congress and keeping information from him regarding the murder of Saudi journalist Jamal Khashoggi. Paul was discussing the highly anticipated Senate testimony of CIA Director Gina Haspel on “America’s Newsroom” Tuesday and said he and other lawmakers are being kept … Read more
With the tragic demise of local newspapers, places like Mic have become the entry point into the craft for a lot of young journalists. What’s more, their newsrooms have been admirably diverse, a diversity that their journalism has admirably reflected. As they go under, such entry points disappear. And the journalists who have been through … Read more
via @OddStats: Red years had as many or more than we have had in 2018 so far (does not include today).
CDXIG5Y led this $VIX explosion – please be careful there is a credit problem developing in US pic.twitter.com/PfrPIUs7EO — Alastair (@StockBoardAsset) December 4, 2018 JPMORGAN'S DIMON SAYS SHARE BUYBACKS SHOULD NOT BE DONE WHEN STOCK IS EXPENSIVE now he tells us — zerohedge (@zerohedge) December 4, 2018 BofA's favorite chart implies VIX 40 pic.twitter.com/kerIqE0kuQ — … Read more
via marketwatch: We’re due for a prolonged bear market I often read articles, along with the comments, to gauge the stock market’s sentiment from an anecdotal perspective. I recently noticed a quote by investor Sir John Templeton: “For 100 years optimists have carried the day in U.S. stocks. Even in the dark ’70s, many professional money … Read more
Mike Maloney covers all the trouble brewing in the global economy in this 11-minute video – including data he promised to show you last week.