Calls Intensify for Halting Interest Rate Hikes

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by Money Metals  President Donald Trump isn’t thrilled about Jerome Powell’s stewardship of the dollar and interest rates. He would like the central bank’s help in keeping the economic party going, but so far the Fed Chair just won’t play ball. Now the Wall Street Journal has joined the President’s call for some renewed stimulus. If officials at the … Read more

Find Out Which States Have the Most Expensive Car Insurance Rates in 2018

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by howmuch There’s a lot that goes into determining how much you pay for car insurance. Your age, gender, marital status, driving record and perhaps most importantly your home address are all major factors. This makes it difficult to compare prices between car insurance companies without going through the hassle of obtaining very specific quotes. … Read more

Analysts expected these stocks to rise “at-least 25%” a year ago in 2017. This is how they actually fared in 2018.

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Here is a year old article which listed “Analysts’ Stocks to Watch in 2018”. The list included, Large Cap, Mid Cap and Small Cap stocks. The list reflected data as of the market close on Dec. 5, 2016. There were 18 S&P 500  stocks with majority “buy” ratings that analysts expected to increase at least … Read more

Things that make you go hmmm…US crude oil inventory quite bearish, home builders dropping prices, falling demand for residential mortgages … except subprime

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US crude #oil inventory report was quite bearish, with biggest weekly stockpile increase since early 2017@EIAgov @Investingcom @SoberLook pic.twitter.com/T8TShDeJSs — Liz Ann Sonders (@LizAnnSonders) November 17, 2018 Home builders dropping prices #JohnBurnsRealEstateConsulting @SoberLook pic.twitter.com/HTxyS1vyHX — Liz Ann Sonders (@LizAnnSonders) November 16, 2018 Things that make you go hmmm … falling demand for residential mortgages … … Read more

China’s Former Vice Minister of Trade on Tariffs: “We Will Never Have a Deal”

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China’s former chief trade negotiator has hit out at Beijing over its approach to the US trade war, saying it’s not thinking “deeply enough” about it. “If we have people who always talk about politics engaging in negotiations, we will never have a deal,” Long Yongtu said on Sunday. Long’s comments come as tensions between … Read more

Deutsche Bank: The Derivatives Death Star Now Ensnared in Dankse Bank Money Laundering Scandal

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via zerohedge: Just when Deutsche Bank probably thought the worst of its legal troubles (over the Libor scandal, sales of shoddy mortgage-backed securities, FX and precious metal rigging which collective resulted in tens of billions in legal fines) were behind it, the struggling German lender is being drawn deeper into the biggest money laundering scandal in European … Read more

Do the Chinese Have Enough Gold to Impose a New Gold Standard?

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via mises: Are the Chinese Keynesian? We can be reasonably certain that Chinese government officials approaching middle age have been heavily westernised through their education. Nowhere is this likely to matter more than in the fields of finance and economics. In these disciplines there is perhaps a division between them and the old guard, exemplified and … Read more

The American Dream? How Impossible Rents and ZIRP Mortgages Are Making Housing Impossible

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via nbcnews: President Donald Trump’s short-term stimulus is pushing up borrowing costs and eliminating deductions in some markets. Although growth in the housing market is slowing, the number of million-dollar homes in the United States is on the rise, creating pockets of affluence in a housing market experts say is becoming increasingly unaffordable. New research from … Read more

Freezing Temperatures Could Heat Up Natural Gas Prices

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by Frank Holmes, CEO, U.S. Global Investors Here in San Antonio, the temperature hit a bone-chilling low of 27 degrees last Wednesday, breaking a 102-year-old record for mid-November. An out-of-state visitor, Cornerstone Macro’s Head of Portfolio Insights Stephen Gregory, speculated that the Central Texas temperature, ordinarily mild this time of year, was down more than … Read more

The End Of The Tax Cut Boost

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by Lance Roberts Last week, I touched on the issue of corporate profits and tax cuts. While the promise was that tax cuts were going to a massive boost to economic growth, the reality has been quite different. To wit: “The benefit of a reduction in tax rates is extremely short-lived since we compare earnings … Read more

The American dream is alive. In China.

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From the New York Times: Imagine you have to make a bet. There are two 18-year-olds, one in China, the other in the United States, both poor and short on prospects. You have to pick the one with the better chance at upward mobility. Which would you choose? Not long ago, the answer might have seemed … Read more

Apple and Samsung fined for deliberately slowing down older phones.

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Apparently, planned obsolescence is not profitable enough for the cell phone oligopoly, so they have implemented proactive obsolescence. Also, note how the US MSM largely ignored this story. via theguardian: Apple and Samsung are being fined €10m and €5m respectively in Italy for the “planned obsolescence” of their smartphones. An investigation launched in January by the nation’s competition … Read more

The Snowiest Decade

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by Martin Armstrong This winter is starting off colder than the last two years. My biggest concern is that all the nonsense about Global Warming is preventing us from preparing for the real trend – Global Cooling. Even in the Bible, there is the story about Joseph warning the Pharaoh that there would be 7 years … Read more