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by Geoffrey Grider Andrew Gillum will have to rely on the courts if he has any chance to become Florida’s first black governor. But Gillum is not conceding. He and his supporters believe there is still a path to victory: lawsuits that could add more votes in support of him. The Florida recount is officially over, and … Read more
Flash Crashy feeling again today….mkt wants re-test of yrs' lows pic.twitter.com/0APDkWYmkc — M/1_LP (@MI_Investments) November 15, 2018 The S&P 500 visits that year-to-date break-even line….again. pic.twitter.com/zIDcYfim2p — Michael Santoli (@michaelsantoli) November 15, 2018 Hedge fund redemptions are a big issue…..could offset buybacks and cause volatility to continue to spike as they exit positions pic.twitter.com/MA1oOmKsdt — … Read more
An unprecedented statewide hand recount is now under way in the Sunshine State, further extending a high-stakes, partisan battle over every last vote in Florida’s crucial U.S. Senate race. Following a five-day machine recount of the more than 8.3 million votes cast in the Nov. 6 elections, Secretary of State Ken Detzner ordered hand recounts … Read more
The people are not happy in the UK, the BREXIT deal is not what they wanted, their voices were not heard. Wells Fargo and Credit Suisse are laying off employees. Retail sales are not doing as well as everyone thought. Financial pundits are warning the Fed to stop with the interest rates. They want the … Read more
MSNBC covers Stormy Daniels 544 times, and does not even cover Yemen once. Such is the state of journalism in the world. https://www.youtube.com/watch?v=SBHDkOK-m6c
You might think that October’s wild stock market ride would have left investors quaking in their boots. Not so. Indeed, most investors are unfazed. This chart provides insight into the investing public’s sentiment. https://www.youtube.com/watch?v=FxCqACihRos
Global trade issues are now showing up in the statistics. We’ve been hiding the truth behind jobs numbers and hilarious unemployment statistics. But some things can’t be hidden. When we look at the numbers, globally there is a clear and definite slowdown that has found its way into the economy. The debt bubble has expanded … Read more
by DCG Back in September, Christopher Rufo declared that he was going to run for Seattle City Council, District 6. He was going to challenge incumbent Mike O’Brien. Rufo started a CrowdPac page and had raised $12,760 of his $15,000 goal. I read about Rufo in September and recall him saying he was “socially progressive” and “fiscally … Read more
by Dr. Eowyn On Nov. 16, 1993, then-President Bill Clinton, a Democrat, signed the Religious Freedom Restoration Act (RFRA) that “ensures that interests in religious freedom are protected” into law, with an almost-unanimous approval by Congress. Every House member approved of the bill; only three senators voted no. Incredibly, both the House and Senate versions of RFRA … Read more
https://www.dcd.uscourts.gov/sites/dcd/files/Attachments.pdf Could this Be The Happening ? Could it be just the same old shit o Nothing Happening ? h/t markofoz
In the feverish reshuffling of financial services for a post-Brexit world, London still comes out ahead, but less so. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. As two years of Brexit negotiations finally come to a head and all eyes are on British Prime Minister Theresa May’s frantic efforts to get the draft … Read more
by Chris Kimble Key stock market indices continue to struggle beneath 800-pound Fibonacci extension levels (resistance). In today’s “6-pack” chart, we illustrate these key bull/bear lines for investors – see below. The Dow Jones Industrials, Transports, S&P 500, and Nasdaq 100 are all experiencing weakness and selling pressure at long-term Fibonacci extension levels each at (1). But the … Read more
by Dragonfiremule I graduated college with a bachelors a year and a half ago. My first year out of college I did an internship which paid 30k/year. Once it ended, I got an actual job and now make 57k/yr, which is pretty high for my job/experience range (I’m a cell biologist). I’m fairly young (23) … Read more
by Alexander Trigaux, Editor, GoldSilver “I know this can’t go on forever.” This must be the nagging echo in the back of every politician’s and central banker’s head as they proceed down the incredibly long debt-paved road, arm in arm with their borrowed-money betrothed to…where, exactly? And this is where the limitations of our species … Read more
U.S. corporate debt levels have again surpassed their pre-crisis peaks of $6 trillion, raising widespread concern that, as the Federal Reserve raises interest rates, some firms could run into financial trouble. “We think corporate debt is a key vulnerability,” JP Morgan economists Jesse Edgerton and Devwrat Vegad wrote in a research note. They said corporate bond … Read more
Ray Dalio: Fed raised rates to the point where they’re hurting asset prices from CNBC. Hedge fund billionaire Ray Dalio argues the Fed has raised rates to a point where they’re hurting asset prices. The central bank needs to start looking at monetary policy’s impact on asset prices before economic conditions, Dalio says. Dalio … Read more
(Bloomberg) — Australia’s central bank No. 2 official Guy Debelle says risky borrowing is more likely to be an accelerator to an economic downturn rather than its source, in an address discussing the impact of lending curbs. “If a negative shock were to hit the Australian economy, particularly one that caused a sizeable rise in … Read more
NEW YORK (Reuters) – U.S. state spending topped $2 trillion for the first time in fiscal 2018, with Medicaid expenditures rising the most along with a significant increase in transportation spending, according to a report released on Thursday. Total expenditures grew an estimated 4.8 percent compared to 3.8 percent in fiscal 2017, the National Association … Read more
It’s not been a pretty year for anyone who owns Bitcoin, but the last 24 hours has been a period to forget as the cryptocurrency dropped below $100 billion in market cap for the first time in more than a year. You have to go back to the end of October — the 29th to be precise … Read more
by Dennis Miller The market is bouncing up and down like Marqeus Haynesdribbled a basketball. Are stop losses necessary? Investors are edgy. Money and Markets reports – “Alarming Survey: Record Number of Fund Managers More Bearish than 08 Crisis”. “…. Bank of America’s monthly survey…is warning investors to take caution and heed the market’s warning signs. …investors managing about … Read more