by FS Today’s chart comes from Jason Goepfert at SentimentTrader.com. Last month, Jason told FS Insider that sentiment readings were reaching extremes, even surpassing 2000 tech bubble-levels of euphoria, which was a “very troubling sign” for the stock market (see Rydex Trader Bullishness Surpasses 2000 Tech Bubble). This most recent data looks at the total number of Hindenburg … Read more
by NEE Median Salaries for H1-B Visa Workers Grew Five-Times Faster than the Salaries of Equivalent Domestic Workers, Over Last Decade New data from Pew Research shows that temporary foreign workers (H1-B visa holders) have received significant raises over the last decade, while American workers have suffered from relative wage stagnation. Over the last decade the … Read more
by GoldCore – Gold hedges massive ongoing devaluation of U.S. Dollar – 46th anniversary of ‘Tricky Dicky’ ending Gold Standard (see video) – Savings destroyed by currency creation and now negative interest rates – Long-term inflation figures show gold a hedge against rising cost of fuel, food and cost of living – $20 food and beverages basket … Read more
by Ruby Henley The Charlottesville Incident is beginning to come together. The first witness to speak to the news media and to tweet about the event is Brennan Gilmore. He was presented as an accidental witness, but who is he really? Here is his first tweet: Excellent answer, Brennan Gilmore. pic.twitter.com/n8iuLYRK74 — Minor Leaguer (@Minor_Leaguer) … Read more
Retail Sales (ex autos) Still Weak pic.twitter.com/0IUcFEEU1H — Alastair (@StockBoardAsset) August 16, 2017 And the reflation trade rolls over… Ouch!… $SPX levitates stabilizer funds got it pic.twitter.com/2LZZNS8Sun — Alastair (@StockBoardAsset) August 16, 2017 A U T O B U B B L E in #Baltimore pic.twitter.com/V3lPCGSsru — Alastair (@StockBoardAsset) August 16, 2017 Following June’s huge … Read more
by Ian Shilling The violence in Charlottesville was orchestrated and engineered by the Mayor of Charlottesville Michael Signer and Virginia Governor Terry McAuliffe who want “liberals” to focus on a sideshow while the Oligarchs they work for continue to run off with the loot while devastating the middle class. Michael Signer works for George Soros. He … Read more
by LV Background: Right on cue, a few days after the infamous meeting on June 27, 2016 between former President Bill Clinton and Attorney General Loretta Lynch on a Phoenix airport tarmac, FBI Director James Comey issued a highly controversial statement that exonerated Hillary Clinton of any wrongdoing in the FBI’s years-long probe into … Read more
by John Rubino Long credit cycles like the current one always end with a crash. But first they deteriorate. The headline numbers remain positive while under the surface a growing list of sectors start to falter. It’s only when the latter reach a critical mass that market psychology turns dark. How far along is this … Read more
by Robert Carbery https://twitter.com/stefanmolyneux/status/897569904290783232 I told you this Unite the Right rally would be one you will remember. But I never thought it would be like this. The unfortunate and violent events that occurred in Charlottesville last weekend were a tragedy. We cannot accept the loss of life over political violence. The mainstream media … Read more
Market analyst Lynette Zang says we are headed towards an undemocratic technocratic financial system. Zang explains, “Technocrats don’t care about people, they care about systems. That’s what the most important thing is. The formulas that guide all of those systems is not how a democracy works. . . . Essentially, what they are trying to … Read more
From Nick Giambruno, Senior Editor, International Man: Over 3,000 millionaires have fled Chicago in recent months. This is the largest outflow of wealthy people from any U.S. city right now. It’s also one of the largest outflows of wealthy people in the world. But it’s not just millionaires… Every five minutes, someone leaves Illinois. In a recent poll, … Read more
by Mark Angelides No matter how much the political elites would like it to be so, America (and in fact much of Europe) is no longer politically divided by race. Of course there are demographic trends, but these are not divisions; what is really causing the split is the vast chasm that is seen to … Read more
by Mark Angelides As President Rouhani addresses Parliament, he made it very clear that id the US decides to go ahead with more sanctions, then Iran will scrap the “Obama Deal” (which did not just involve Obama) and resume their nuclear and missile projects. The only surprising thing about this whole affair is that it … Read more
by Michael Snyder Is it useless to try to save America? Since I announced that I would be running for a seat in Congress, I have had a number of people become extremely upset with me. According to these people, I am misleading the public by suggesting that we should fight for the future of our country, … Read more
by Ruby Henley First of all, I want to update a previous article I did on the Charlottesville Rally ending in a tragedy and loss of life. I am going to start by giving my opinion on this whole tragic setup to trap the “Alt-Right.” This movement created by Jason Kessler is nothing BUT A TRAP, … Read more
By Michael Snyder What you are about to read is going to absolutely shock you. Rick Wiles has done outstanding work over at TruNews for well over a decade, and now just days before the August 21st solar eclipse he has issued his most ominous warning ever. His warning is not directly related to the eclipse, but I find … Read more
by Simon Black About a month ago I joined the Board of Directors of a publicly-traded company that invests in US real estate. The position brings a lot of insight into what’s happening in the US housing market. And from what I’m seeing, the transformation that’s taking place today is extraordinary. Buying and renting out single-family … Read more
Retail US sales near 5 trillion a year. https://www.emarketer.com/Article/US-Retail-Sales-Near-5-Trillion-2016/1013368 Obamacare costs and penalties are 60% of that or over 3 trillion. The retail sector has been stagnant and most people are blaming AMAZON. A closer look is really required rather than the typical superficial analysis. Today, online sales represent only 8.5% of total retail sales. Amazon comes … Read more
by Mark Angelides North Korea has backed off Guam and said that after reviewing plans with top Generals that it will not be going though with its “escalation.” It seems that for now, a combination of US Diplomacy and Chinese Sanctions has won through. But how close were we to actual war, and is this … Read more
With next Recession Looming, Central Banks Back with Negative Rates Negative interest rates are back in the spotlight. Central banks will need to be prepared to cut interest rates deep into negative territory in the next economic downturn. With U.S. economy due for pullback, analysts ponder stimulus Supply of debt with negative yields surged in … Read more
I think corporate debt is one of the main bubbles in this cycle, worldwide. Just to support that look at this amazing chart of corporate leverage. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibAhOFLu2q_Y/v2/1000x-1.png As John Hussman tweeted “… and remember, the 2009 debt/EBITDA peak reflected weak operating margins; the recent peak is on near-record ones.” Mike Malony on Final … Read more
by Geoffrey Grider As we reported to you over the weekend, the radical Left terror groups Black Lives Matter and ANTIFA are funded by George Soros. In Virginia, they turned a white nationalist rally into a bloodbath by inciting violence and being the first to strike. 3 people died because of their actions, and now they … Read more
by Mark Angelides Regardless of your opinions on how effective or timely President Trump’s response to the shocking events in Charlottesville, VA, it can’t have escaped your attention that the MSM is now firmly targeted as one in kicking down Trump on his responses. It seems he can’t catch a break on this, and that … Read more
by Mark Angelides A course has been slated to start this fall at Stanford University that looks (among other things) at the perils and possibilities of different political practices,” according to the course description, “including abolishing whiteness or coming to terms with white identity.” And yes, it sounds like a joke, but it is apparently a … Read more
by Thinker Since 2011 and the Eric Holder “Fast & Furious”, 2013 IRS, 2014 DHS release of over 19,000 illegal convicted felons onto the streets of America, FBI Director and Military general who lied under oath. How many times will Senator Trey Gowdy have to expose the truth and corruption, only to have those who … Read more