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via CNBC: People don’t want to call it a bear market. But what do they need?” CNBC’s Jim Cramer asks, rhetorically. “I have tremendous contempt for this market, because every time you try to make money with it, it cuts your heart out. That’s a bear market,” he argues. After tanking nearly 3.8 percent last … Read more
via politico: “Twitter’s gone crazy banning people on the right, so I’ve deactivated my Twitter account,” he wrote in his Instapundit blog on Sunday night. Calling Twitter “the most socially destructive of the various platforms,” Reynolds accused the “crappy SJW types” – social justice warriors – who run it of breaking promises to users and stifling … Read more
By Harry Dent Have I mentioned that this bubble in stocks – the one that most economists and analysts still claim “is not a bubble” – is now the greatest by far in its numerical advance, its percentage gains, and time frame? You’re damn right I have! I’m broadcasting the warning far and wide, to any who … Read more
Lawmakers Post Photo of Empty Seat After Zuckerberg Fails to Turn Up (Bloomberg) — Lawmakers from Britain and other nations tore into a Facebook Inc. executive after the company’s decision not to send founder and CEO Mark Zuckerberg to testify at a hearing. The Department of Digital, Culture, Media and Sport tweeted an image of an empty chair … Read more
The nominee to replace Kavanaugh, Neomi Rao, once used dwarf tossing to explain dignity vs. government coercion. Her argument is formidable, but her opponents treat it like she just likes dwarf tossing. Writing in The Volokh Conspiracy in 2011, Rao discussed the predicament of a man named Mr. Wackenheim. By her description, Wackenheim was a dwarf living … Read more
STEVE SCALISE: No forgiveness for shooter, Trump ‘motivated’ recovery. Rep. Steve Scalise is a good Catholic who won the prayers of many church leaders as he recovered from a bullet fired by an angry liberal while he and his Republican baseball team practiced in June 2017. “God was there on that ball field and he performed … Read more
via calculatedriskblog: From Merrill Lynch: We look for 3Q GDP growth to be revised slightly lower to 3.4% qoq saar in the second release next week. We continue to track 2.7% for 4Q. [Nov 21 estimate]. emphasis added From Goldman Sachs: [W]e lowered our Q4 GDP tracking estimate by one tenth to +2.4% (qoq ar) [Nov 21 estimate] And from … Read more
We’re close to neutral! Or not! But we might raise! Or not! “The Federal Reserve’s Vice Chairman Richard Clarida has recently crossed the wires arguing that gradual rate hikes were appropriate ‘as data shows the way to neutral policy stance.” via fxstreet: The Federal Reserve’s Vice Chairman Richard Clarida has recently crossed the wires arguing that gradual … Read more
by Chris I think the new intern manning the Buy button for the Fed must have held it down for too long? If you look carefully, you can see that the intern must have nodded off because the unthinkable occurred from 2:00 to 2:20 a.m. the “”market”” fell a tiny bit! Unpossible! Maybe they were … Read more
The U.S. Housing Boom Is Coming to an End, Starting in Dallas Home prices zoomed higher in recent years, and mortgage rates are climbing. Buyers are queasy. PLANO, Texas—A half-hour drive straight north from downtown Dallas sits one of the fastest-growing counties in the country. Cotton fields have been replaced with Toyota’s new North American … Read more
by ogordained UNITED STATES GM is laying off 14,300 employees and closing seven factories The car industry is changing, all the top selling sedans in America are Japanese (Camry, Civic, Accord, Corolla, Altima, and Sentry) US auto factories have extra capacity in excess of 3.2 million vehicles, meaning more factory closures are likely Ford will be cutting back production to just two … Read more
by Michael Snyder America’s twin economic “generals” are both in very deep trouble. General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet. But now it is drowning in so much debt that it may be forced into bankruptcy. General Motors was founded in 1908, … Read more
by Michael SnyderWe are witnessing a fundamental transformation of America. Some welcome the changes that are happening, while others are greatly resisting them. But one thing is very clear – the United States is a very different place than it was 40 or 50 years ago. Our population is aging, lifestyle patterns are dramatically shifting, … Read more
by Dr. Eowyn Bloomberg reports, Nov. 21, 2018, that the Chinese Communist government is on course with a program to track and rate the behavior of each of its 1.3 billion people and assign social credits or points that will be used to reward or punish. The program will be implemented in two years, by the end … Read more
by Graham Summers via Gains, Pains & Capital Ignore the day-to-day moves in the markets, in the big picture, some MAJOR is happening… namely, that the Everything Bubble is bursting. By creating a bubble in sovereign bonds, the bedrock of the current financial system, Central Banks created a bubble in EVERYTHING. After all, if the risk-free rate of return … Read more
by Troy December is almost here, and some traders are looking forward to the Santa Claus Rally. We demonstrated that seasonality is not consistent. Hence, seasonality factors are of secondary importance. 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 … Read more
by Geoffrey Grider What the Google patents describe are sensors and cameras mounted in every room to follow us and analyze what we’re doing throughout our home. They describe how the cameras can even recognize the image of a movie star’s image on a resident’s t-shirt, connect it to the person’s browsing history, and send the … Read more
by Adam Taggart As we’ve been tracking here at PeakProsperity.com, the housing market is starting to look quite ill. After the central bank-driven Grand Reflation following the Great Financial Crisis, home prices are now beginning to nose over from their new bubble-highs. Has the Housing Bust 2.0 begun? If so, how bad could things get? And … Read more
https://www.youtube.com/watch?v=LNFWx-ssXLc UK voted down a “BREXIT” deal that was not actually a real Brexit! The MPs voted No because they want a REAL Brexit…. not a partial exit. GC
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