Stock Market Correction Lingers As 800 Pound Resistance Levels Hold

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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

How do people buy houses?

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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

Central Banks and Governments Will Keep Issuing Debt Until the System Collapses

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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

JPMorgan: Massive Spike in QE-Driven Corporate Debt a “Key Vulnerability” in US Economy

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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

Dalio: Fed Has Raised Rates to “A Level That Is Hurting Asset Prices”; Paul Tudor Jones Blames the Tax Cut for Rate Hikes; “We’re in a Global Debt Bubble”

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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

Fiscal 2018: US States Spend Over $2T for the First Time Ever

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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

Do Investors Need Stop Losses?

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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

Local government foils evil terrorist entrepreneurs once and for all

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by Simon Black Tens of thousands of years ago, humankind was practically an endangered species. Our early proto-ancestors had little means to protect against the harsh elements or defend against terrifying predators. And finding enough food was a constant challenge. Tribes of humans would roam from place to place, foraging for whatever they could eat until … Read more

The World’s Water Access in One Visualization

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via visualcapitalist: View the high resolution version of today’s graphic by clicking here. Water is the world’s most vital resource. Beyond its basic functions of sustaining life, it’s also a precious commodity – one that billions of people in the world have trouble accessing. Today’s infographic is from Raconteur, and it puts the global issue of water access … Read more

Which College Produces the Most Billionaires?

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via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. America’s wealthiest have made their fortunes in a wide variety of ways, but there is one thing many of these tycoons have in common: 80% of billionaires picked up a Bachelor’s degree at some point in their lives. Today’s chart visualizes data from Adview to … Read more

Winter storm Avery bringing 12 to 18 inches of Snow heading for the East coast! Today till Saturday! 5 casualties!

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Closely monitoring the approaching winter storm and working with ⁦@NYSPHSAA⁩ coordinators & staff related to this weekend’s ⁦⁦@NYSPHSAA⁩ State Championships. At this time, there are NO schedule changes. Stay tuned. pic.twitter.com/4CTQWaOz82 — Dr. Robert Zayas (@RobertZayasNY) November 14, 2018 Expect power outages n bad traffic It’s only mid November! https://youtu.be/kRzTe_mmK9I h/t Truth Seeker!

California wants to ban the Bible?

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When you think about the censorship and outright banning of books and opinions, do you imagine the United States of America? Or, more likely, does that kind of suppression strike you more as the tactics of communists or fascists that America has frequently fought against? If liberal lawmakers in California get their way, that west … Read more