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Tuesday drop for Dow and S&P biggest since Oct. 10 from CNBC. via CNBC: A bear market — an index decline of 20 percent or more from recent highs — would alter consumer behavior, argues Bleakley’s Peter Boockvar. The last S&P 500 bear market happened during the financial crisis when the index lost 56 percent … Read more
via mishtalk: The Fed is expected to hike on Dec 18 and perhaps in Mar 2019. The rise in the 3-month yield reflects that expectation. The inverted yield curve persists for a second day. It reflects the idea that the Fed is slowly hiking the economy into recession. Let’s take a look at how we got … Read more
Who knew the greatest economy in the history of the world, led by heroes, couldn't even stand a 2% Fed Funds rate? pic.twitter.com/OeJIUDZiMp — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) December 6, 2018 This is truly sad… markets are momentarily excited because things are so bad economically that #Fed has to pause at zero real … Read more
via advisorperspectives: Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001, he remarked in a Fortune Magazine interview that “it is probably the best single measure of where valuations stand at any given moment.” The four valuation indicators we track in our monthly valuation overview offer … Read more
via Fdsn: This is a list of cities which is projected to have the fastest GDP growth in the world over the next 16 years. All top ten cities in this list are located in India. And, in the top 20 list, 17 are located in India thus showing the growth potential in India over the … Read more
By Harry Dent Ever since Trump’s election and he and Treasury Secretary Steven Mnuchin uttered the stupidest words ever, I’ve been explaining in every place I can why 4%-plus growth is NOT sustainable… not past the tax-cut gravy train that hit mostly this year. Ultimately, it mostly comes down to two predictable demographic factors… As I’ve ALWAYS … Read more
via Jesse Kelly: Earlier this week, Alexandria Ocasio-Cortez put up a tweet so mind-numbingly stupid that simply calling it “factually incorrect” would be an insult to the word “incorrect.” As is to be expected in the social media world, folks on the right ripped the incoming congresswoman to shreds for it. Here were some of the typical responses: … Read more
by axolotl_peyotl The latest attacks against Julian Assange being perpetrated by the Mockingbird MSM are the perfect example of how the Fake News narrative has permeated all of mainstream “journalism” today. This pernicious propaganda became very obvious once certain bad actors began attacking anyone who defended Assange as being a Russian operative. Although the peddlers of … Read more
Big Tech is not the problem – It is merely a tool (Link to article below) https://nationalpost.com/opinion/marn…
In this video, we give you the latest breaking news on what is going on France among other stories that are simply not being covered in western media. Instead, the media is serving up clickbait distraction issues that just can’t be taken seriously anymore. https://www.zerohedge.com/news/2018-1…
https://www.youtube.com/watch?v=eFujzlkgubs In the wake of Tuesday’s market carnage, with almost all of the major indices losing 3% of their value, Dan sees a rough slog ahead for almost all U.S. stocks. By any reasonable metric, stocks are a bad deal – but a few diamonds exist in the rough. Of course, there are not just … Read more
From CNBC: Ride-hailing company Lyft on Thursday confidentially filed a statement with the U.S. Securities and Exchange Commission for an initial public offering, signalling it could be the first major tech IPO of 2019. Lyft and rival Uber have each teased 2019 public offerings. The companies have been adding offers and services practically in tandem in recent months … Read more
LONG ISLAND, New York – A man is accused of scamming $45,000 from an elderly woman on Long Island, detectives say. An unknown man reportedly contacted the 81-year-old victim and said that her son was arrested for being involved in a car accident that caused injuries. The suspect told the victim that he needed $7,500 … Read more
A significant winter storm will take shape beginning Friday over the Southern Plains and Texas, then spread this weekend through the Southeast and Mid-Atlantic. How far south freezing air will reach remains an open question, making it difficult to precisely forecast ice and snow accumulation. Winter storm watches are already in place Thursday for 6 … Read more
by John Ward It is perfectly possible in 2018 (and in many ways, quite advantageous) for me to self-identify as a transsexual deep-fried coffee percolator. I mean, why not? Guy Verhofstadt calls himself a believer in democratic values, and I find it hard to imagine anything more surreal, hypocritical and mendacious than that. Theresa May says … Read more
by Gregory Morin via Mises Wire I recently had the opportunity to visit San Francisco for the first time. Coastal towns tend to be a bit more interesting in terms of cuisine (seafood being one of the more varied palate options) as well as architecture (steep hill structures are ever a testament to human ingenuity) and … Read more
by WARREN MOSLER Deficit growing despite tariffs. Could be J curve effect: Highlights A slight 0.1 percent decline in exports and a slight 0.2 percent gain in imports made for a sizable 1.7 percent deepening in the nation’s trade deficit in October to $55.5 billion which is just outside Econoday’s consensus range. The deficit with … Read more
“Britain has provided enough guarantees that Julian Assange will not be extradited to any country where he would face the death penalty if he leaves the Ecuadorian embassy in London, according to Ecuadorian President Lenin Moreno. Speaking during a radio interview on Thursday, Moreno said his administration has received written assurances that the UK will … Read more
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