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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Outlook has deteriorated even more for the Eurozone than for Germany.” While the trade disputes between the US and China loom large for Germany’s export-dependent economy, the developing malaise is broader. The German stock index DAX has dropped 15.4% since the end of January, even after today’s 1.3% gain. “Negative growth” in GDP … Read more
by Chris I follow oil very closely, and I cannot remember any market carnage like this before. Even forgetting the 14 days down in a row (a record), today’s -8% spanking had better be some sort of major capitulation. Obviously there’s a ton of shale drillers out there whose unhedged production revenue projections just got … Read more
BY JOHN MAULDIN Debt is a huge a drag on the economy. It’s especially true after it rises over the 80 to 90% of GDP level. US government debt is now 106% of GDP. And if you add state and local debt, total government debt is over 120% of GDP. Shades of Italy and Greece. Off-Budget Deficits … Read more
https://youtu.be/Pl6tguJ_qmE U.S. troops reinforce the border at Tijuana before the arrival of the migrant caravan 11/13/18 GUADALAJARA, Mexico – The U.S. government said it was starting work on Tuesday to “harden” the border crossing from Tijuana, Mexico, to prepare for the arrival of a migrant caravan leapfrogging its way across western Mexico. Customs and Border … Read more
While Macron Was Condemning Nationalism, Poland Has Their Largest Independence Day March Ever What is the foundation of Polish patriotism? Heroic history of Poland! The Unconquered h/t zKnight
by Jesse “Life is a school of probability.” Walter Bagehot Here is a little more to expand on the posting I made last night here. We have had a long run up, with only a few corrections, to new all time highs. The market has finally broken and corrected significantly. You can see comparisons to 1929 … Read more
YOU KNOW, I THINK I’M GOING TO ENJOY THE NEXT TWO YEARS: h/t GR
by northmantrader It’s coming. And don’t kid yourself into believing it won’t. It happens in every cycle. The economy comes out of a recession, things recover (these days with the help of central banks) and the cycle ultimately morphs into unrealistic positive expectations about the future and optimism reigns supreme as unemployment drops to cycle … Read more
from Zero Hedge Jeff Sessions has already packed up his things and left the DOJ for the last time, and it’s likely that Commerce Secretary Wilbur Ross will be next to go given Trump’s well-documented frustrations with Ross’s job performance and the percolating scandals surrounding possible ethics violations. And to the list of likely Trump administration post-midterm departures, we can … Read more
TradersChoice.net, Released on 11/12/18 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more
Professor Valentina Zharkova presented at the Global Warming Policy Forum, and this is what happens when someone familiar with Grand Solar Minimums and the effects on society tries to warn about global food insecurity within a decade. Giraffes in snow, atmospheric compression events and uber extremes are a wisp of what is in store through … Read more
Is it possible to avoid a crisis based on current trajectory? The global economy is on a path to destruction. In 2008, there was a major financial crisis. World leaders gathered together to restore the issues that were presented. The solution was to repackage the debt and push the crisis further into the future. They’ve … Read more
by Amy S. Thinking of the lights going out for a longer period of time is pretty bad in our day and age. We have become so dependent and reliant on energy, living without it would be a true challenge. This would be even more so if you are living in a cold climate during winter. So how … Read more
via stocknews: Goldman Sachs Group,Inc (NYSE:GS) Goldman Sachs fell 7 percent after news of its involvement with a shady Malaysian investment fund. It was the company’s biggest drop since losing eight percent in November 2011. CNBC provides details: Goldman has attracted scrutiny for its role in helping set up the Malaysian state investment fund known as 1MDB. … Read more
More Information See: https://www.washingtonpost.com/world/… https://www.infowars.com/ https://www.wnycstudios.org/story/hon… https://www.theguardian.com/world/gal… https://www.nytimes.com/2018/04/04/wo… https://news.un.org/en/story/2018/10/… https://www.infowars.com/the-u-s-is-n… List of George Soros Funded Groups: https://www.influencewatch.org/non-pr… https://www.nytimes.com/2018/10/20/wo… https://www.wnd.com/2018/04/border-ca…
NY taxpayers to pay $48,000 per Amazon HQ job New York state is kicking in more than $1.5 billion in taxpayer-funded incentives for getting half of Amazon’s second headquarters located in a section of Queens. The Seattle-based company made its long-awaited announcement Tuesday, saying Long Island City and Alexandria, Virginia, will each get 25,000 jobs. The … Read more
Starbucks Corp. SBUX -0.78% is planning to lay off approximately 5% of its global corporate workforce as it seeks to become a more nimble company. The plan comes as the Seattle-based chain struggles to attract new and repeat customers to its U.S. coffee shops amid a highly competitive coffee market. The company on Tuesday said it will lay off … Read more
Jim Hoft for the Gateway Pundit reports, Republican candidate Yvette Herrell was leading the New Mexico 2nd District Congressional race on Tuesday. The race was called for Herrell when she went to bed. https://www.youtube.com/watch?v=uDwjQFkurAk Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018/11/another-stolen-race-nm-democrat-rep-small-wins-reelection-after-8000-ballots-found-in-a-warehouse/
By 2020, interest on the debt will cost more than Medicaid. By 2025, it will cost more than defense spending. And that’s just the start. From Reason: What happens when you borrow the equivalent of your annual income and those low, low teaser rates start to increase? Congratulations, America, you’re about to find out. The Wall Street … Read more
by Geoffrey Grider CNN is filing a lawsuit against President Trump and several of his aides, seeking the immediate restoration of chief White House correspondent Jim Acosta’s access to the White House. When your ‘news’ network comes in after the Cartoon Network in the Nielsen Ratings, you’ve got a problem. How do you fix that problem? Easy, you … Read more