After Wasting $14 billion on Share-Buybacks, GM Prepares for Carmageddon & Shift to EVs, Cuts Employees, Closes 8 Plants

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter A big shift, at a cost of $3.8 billion – which it now has to borrow. “We recognize the need to stay in front of changing market conditions and customer preferences,” explained GM CEO Mary Barra in perfect corporate-speak in the statement released this morning, as employees are fretting about their jobs. The … Read more

Investors Are Going to Get Scalped

by

By Bill Bonner BALTIMORE – We spent a delightful, long Thanksgiving weekend in the country, entertaining children and grandchildren. Not once did we open our laptop computer or look at the headlines. But now, it is another workweek, and we’re back on the job. As usual, we are looking at dots… and wondering how they … Read more

Montgomery County Public Schools to allow excused absences for protests

by

by DCG The speaker in this video, Matt Post, was a student member on the Montgomery County School Board. He is now a national field strategist for March for Our Lives. From Washington Post: Skipping school to attend a protest is likely to get much easier for high school students in suburban Maryland beginning as early as January. That’s when … Read more

Allow Americans to ‘Opt Out’ of Abortion and War – Ron Paul

by

Ron Paul, Institute for Peace and Prosperity, Released on 11/26/18 The Department of Health and Human Services (HHS) recently released proposed rules allowing individuals to opt out of Obamacare’s abortion and contraception mandates for moral or religious reasons. These new rules should be cheered by all who agree with Thomas Jefferson that forcing people to subsidize … Read more

The hidden risks of a cashless society

by

From The New York Times: Few countries have been moving toward a cashless society as fast as Sweden. But cash is being squeezed out so quickly – with half the nation’s retailers predicting they will stop accepting bills before 2025 – that the government is recalculating the societal costs of a cash-free future. The financial authorities, who once … Read more

The ‘evil spawn of the financial crisis’

by

From Coindesk: European Central Bank executive board member Benoît Cœuré said this week that blockchain is promising – but that bitcoin is “the evil spawn of the financial crisis.” Speaking at the Economics of Payments IX conference on Thursday, Cœuré, who is also the chair of the Committee on Payments and Market Infrastructures at the Bank … Read more

Media Outraged Trump Ambassador Nominee Has No Diplomatic Experience. There’s Just One Problem.

by

https://www.youtube.com/watch?v=0nUxMwDBww0 Ashe Schow for the Daily Wire reports, Two Buzzfeed reporters are upset that President Donald Trump, a Republican, might nominate “a lawyer with conservative ties” but no diplomatic experience as the U.S. ambassador to Mexico. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/38612/…    

Christmas is ‘too commercial’ so school bans holiday: report

by

https://www.youtube.com/watch?v=BJWJzRWaGUM FOX News reports, A school has banned Christmas for being too commercial – and is making kids beg for the holiday’s return. Pupils at Lady Lumley’s School in Pickering, North Yorks., were told they must write to their religious ed teacher to plead for the celebration to be brought back. Read More/Source/Credit/FairUse: https://www.foxnews.com/world/scrooge…   … Read more

Dem Sen. Says That Trump Is “Causing” Illegal Immigrants To Break The Law – Even CNN Doesn’t Buy It

by

Democratic Senator Ben Cardin claimed that President Trump is “causing” illegal immigrants to break the law when discussing recent attempts by illegal immigrants to cross the border. CNN’s John Berman wasn’t buying it, and pushed back against the claim. Be sure to like, subscribe, and comment below to share your thoughts on the video.   … Read more

For now, GAAP earnings and industrial production represent a missing link in the bear case, but clearly they are key items to watch.

by

by NorthmanTrader If I keep this up I’ll soon be accused of being a permabull 🙂 Oh I’m kidding. Yes I’m macro bearish but trade direction practical and data and technicals matter. Hence a quick follow up to the Bear Trap case, specifically 2 key data points that could matter greatly here and may represent a missing link in the … Read more

John Adams To Harry Dent: Who Will Stop “The Elites” From Printing $100 Trillion Next Crisis?

by

John Adams of Adams Economics interviews Harry Dent Economist John Adams and I discuss our conversations with Author Harry Dent during his recent Australian tour. Specifically, we pose the question, will the central banks simply try to print their way out of a crisis as they did a decade ago, and what are the potential consequences? See https://youtu.be/AJC3g67Zea4 for my recent … Read more

Reliable Chart Suggests Gold’s Time May be Near

by

From Birch Gold Group This week, Your News to Know rounds up the latest stories involving precious metals and the overall economy. Stories include: A chart that might give hope to gold bugs, silver to surprise with a rally by year-end, and global growth worries could boost gold demand. A chart that might give hope to gold bugs … Read more

Clinton Foundation donors desert ex-power couple, sparking questions about original mission. Plunge in Clinton Foundation donations fuels GOP scrutiny amid DOJ probe.

by

Watch the latest video at foxnews.com Newly released tax documents showing a plunge in Clinton Foundation donations after Hillary Clinton’s 2016 presidential election defeat have fueled long-standing Republican allegations of possible “pay-to-play” transactions at the organization, amid a Justice Department probe covering foundation issues. The tax filings, which were made public this month, show the Clinton … Read more