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This month, the United States imposed on Iran its most draconian round of sanctions yet. These measures made clear something the global community has long known: When it comes to international finance, Washington sets the rules for others to follow. Though some governments, led by the European Union, have announced initiatives to break free of … Read more
via Jill Mislinski This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 145.7, up from the previous week’s 145.6. Year-over-year the four-week moving average of the indicator is now at 0.12%, down from last week. The WLI Growth indicator is now at -3.01, also down from the previous … Read more
by Adam Taggart Ever since the central banks became serial bubble blowers twenty years ago, household wealth has mostly been driven by asset price inflation: But this has been a quixotic pursuit. Created by pulling tomorrow’s prosperity into today, these asset price bubbles are unsustainable, and invariably suffer violent corrections at their end. So far, … Read more
Tax scammer calls a law office! I talk to them for 30 seconds then I yell to the back “OK! I got his location, send in the SWAT team”. They often hang up after that. h/t Kitty Kat
by Mac Slavo of SHTFplan Former Federal Reserve chairman, Alan Greenspan has taken to blasting president Donald Trump’s tariffs, which have flung the United States into a full-fledged trade war with China. Greenspan says that Trump’s policies on tariffs are “insane.” When responding to a question about the trade war with China at an event at New York … Read more
via Tim Kilgore As benchmark interest rates in the U.S. rise and the pace of corporate earnings growth slows, Moody’s Investors Service warned Friday that an unprecedented number of corporate credit ratings could be added to the “junk” pile. Moody’s said the dollar value of U.S. corporate bonds outstanding rated at its lowest investment-grade rung … Read more
Markets have consistantly underestimated the degree of Fed tightening pic.twitter.com/Y0rU81ngIh — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 16, 2018 https://twitter.com/UPFINAcom/status/1063446868309487616 JNK warnings started way back in Nov ‘17 when it fell below its declining 200 day MA. An ugly week after an ugly month, and accelerating. — Jeffrey Gundlach (@TruthGundlach) November 16, 2018 Crossover Credit … Read more
by Troy As we expected in last week’s market outlook, the U.S. stock market has pulled back after a hard bounce. The S&P 500 has now retraced more than 61.8% of its gains. The economy’s fundamentals determine the stock market’s medium-long term outlook. Technicals determine the stock market’s short-medium term outlook. Here’s why: The stock market’s long … Read more
by Charles Hugh-Smith When was the last time a monopoly or quasi-monopoly was broken up? A generation ago, or was it two generations ago? The Ruling Class that wants us to love our servitude incites us to seek divisions: between red and blue, left and right, progressive and conservative, and so on. The Ruling Class in the mainstream … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The area of Silicon Valley and San Francisco – comprised of the counties of San Francisco, San Mateo, and Santa Clara – is one of the most expensive housing markets in the US. Atherton, a town in the heart of Silicon Valley, has been named the single most expensive zip code in the … Read more
by Michael Snyder A lot of people are shocked by how rapidly things are beginning to move. The U.S. economy is slowing down at a pace that we haven’t seen since the last recession, and this is something that I have been tracking extensively. But now the slowdown is so obvious that even some of the biggest … Read more
by Tom Luongo The only words that were left out of Theresa May’s announcement of achieving Cabinet approval over her Brexit deal were Mission Accomplished. Theresa May was put in charge of the U.K. to betray Brexit from the beginning. She always represented the interests of the European Union and those in British Parliament that backed remaining … Read more
by Dr. Eowyn Inés San Martin reports for Crux, Nov. 15, 2018, that the United Nations Human Rights Committee wants to make abortion and “assisted suicide” — a euphemism for euthanasia — a univeral human right. A “General Comment” is a UN agency’s interpretation of the provisions of the treaties to which it is a party. … Read more
https://www.youtube.com/watch?v=Ur3vWxlP_gM It has been revealed through an “accidental” cut and paste that the US department of Justice is going to indite Julian Assange. The revelation was exposed in an unrelated case Eastern District of Virginia. Links: https://steemit.com/news/@theouterlig…
Ben Marquis for the Conservative Tribune reports, Recall during the 2016 election when Democratic presidential nominee Hillary Clinton strongly implied that Republican nominee Donald Trump would refuse to accept an electoral loss and would call the legitimacy of the entire electoral process into question, an absolute travesty for our “democracy.” https://www.youtube.com/watch?v=o5Ib6_PzsNI Read More/Source/Credit/FairUse: https://www.westernjournal.com/ct/tuc… … Read more
https://twitter.com/hks55/status/1063540668528771078 https://twitter.com/hks55/status/1063546163985620994 Despite the lack of liquidity … there is a buyer in the market and it is the companies themselvesNovember is a record month of BUYBACKWait for December and January pic.twitter.com/IDOZqpxEXC — Amit Noam Tal (@amital13) November 16, 2018 So companies spent a record $800BN on stock buybacks in 2018, and the S&P stock … Read more
https://twitter.com/OccupyWisdom/status/1063481183479259137 https://twitter.com/OccupyWisdom/status/1063450589655388160 More than likely Trump admin was briefed on this chart. IG Corporate Debt is the stress point right now. $GE could be the first domino to drop pic.twitter.com/MD8ydAPueR — Alastair (@StockBoardAsset) November 16, 2018 The weakness in credit continues today, with credit-default swap indexes implying the highest relative yields for both investment-grade and … Read more
The rabid bidding war among American cities to be the location for Amazon’s new “headquarters” was essentially a scam. Bezos always knew where Amazon was going: right next door to his buddies at the Pentagon, with another location in New York. What about all those other 236 cities? Where did their efforts get them? Well, … Read more
by WARREN MOSLER Note the deceleration began with the collapse in oil capex in 2015: The year end tax cut caused a onetime increase in earnings that subsequently flattened out and may now be declining: Seems Saudis are raising prices: Stopped growing a couple of years ago: