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via yahoo: WASHINGTON (AP) — The U.S. Postal Service on Wednesday reported a financial loss for the 12th straight year, citing declines in mail volume and the costs of its pension and health care obligations, as the agency braces for an upcoming report ordered by President Donald Trump to address its “unsustainable financial path.” Postal officials … Read more
via Pimco Financial media and investors have been focusing on the BBB segment of the U.S. investment grade (IG) corporate bond market this year. At $3.1 trillion in market capitalization (nearly quadrupled from a decade ago), BBBs constitute nearly half of the investment grade corporate universe, according to the ICE BAML U.S. Corporate BBB and … Read more
Late January winter temperatures grip parts of grain growing areas in Canada and USA along with delayed winter wheat planting, massive rains are delaying harvests in the southern part of the US. Farmers report moldy crops and plantings buried in mud. Record cold extends to southern Mexico with temperatures 25-30F below normal for this time … Read more
by Bill Bonner Writing on the Wall Yesterday, the stock market struggled to rally. Finally, it gave up, leaving the Dow down another 100 points. Sooner or later, we presume, it will be down 1,000 points in a day – or more. Then, people will begin asking questions. We’re prepared. We have some questions ready. But … Read more
via arstechnica: Over the last year, Amazon has dangled in front of cities the possibility that they could host the company’s “second headquarters”—a massive $5 billion facility that would provide 50,000 white-collar jobs. On Tuesday, Amazon confirmed what had been widely reported: nobody would be getting this massive prize. Instead, the expansion would be split in half, with New York … Read more
By Harry Dent I’ve warned for years, and with increasing frequency of late, that the first crash when a major stock bubble of this magnitude finally tops is 42% in the first 2.6 months. That’s the average of seven bubble crashes in the last century. The 1929 crash started off with a 49% crash in … Read more
via dailyreckoning: I recently told you about changes to your personal tax return that you should be aware of for the upcoming Tax Day. But there are big tax savings available if you are a business owner or real estate investor. The Tax Cuts and Jobs Act has changed the outlook for our finances and the … Read more
by User_Name13 Baltimore recently voted on the issue of water privatization, an issue that will increasingly come to the fore in policy debates as the planet continues getting hotter and human population continues to increase. Baltimore voted a resounding NAY on privatizing the city’s water, as they should have. Water is a human right, no matter … Read more
by WarSanchez I don’t care what side you are on, this is ridiculous. From voter roll purging over-heating recounts Email voting Uncounted discovered votes This shit is unacceptable and embarrassing. Tell me how this shit isn’t fixed by the two party system. Oh, and no one will get punished for any of this.
https://youtu.be/qZ34vp74xKU California Highway Patrol Lt. Denis Ford said Saturday that the thief broke into a marked fire department pickup truck from one of the numerous agencies fighting the fire that devastated the Sierra Nevada foothills town of Paradise this week. He stole items including the uniform shirt marked with the firefighter’s last name Saturday. The … Read more
Jack Buckby of TheRebel.media reports: Today, we were given an insight into Theresa May’s Brexit deal. We haven’t been given the exact details of the deal, but through the press we’ve been given an insight into what it entails…and it isn’t good. https://www.therebel.media/theresa-may-brexit-deal-explained-eu https://www.youtube.com/watch?v=-rJQRm16uBo Anya Parampil reports on UK Prime Minister Theresa May’s emergency cabinet … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Unlike Sears, Macy’s didn’t miss the train on online sales. But it uses its vibrant online business to paper over the decline in its brick-and-mortar business. When Macy’s reported third-quarter earnings this morning, it made a big deal out of its same-store sales increase, showing a 3.1% year-over-year increase. It was … Read more
From John Stossel at Reason: Sen. Bernie Sanders recently came up with a new business to attack: Amazon. Sanders said Amazon didn’t pay its workers enough and because of that, many qualified for government assistance. At first, Amazon CEO Jeff Bezos defended his company. That was the right thing to do, says John Stossel. He notes: “It’s … Read more
via silverdoctors: Legendary investor Stanley Druckenmiller was recently interviewed by Real Vision, and the interview has since been made public. Carve out the time to watch the entire video as it provides a wealth of information that people would normally have to pay to see with a subscription to Real Vision. I’d like to focus on the interview by … Read more
We naively believed that someone as principled and authentic as Trump would be able to combat the dems..unfortunately the swamp is deep and entrenched. It protects itself constantly. And the propaganda the MSM puts out works on weak willed liberals who cant think for themselves and they’ve been whipped into a anti Trump frenzy and … Read more
https://www.youtube.com/watch?v=1VHBNE6aMy8
by WARREN MOSLER Continuing to be negative year over year: Highlights Rising interest rates continue to dampen mortgage activity, with purchase applications for home mortgages falling a seasonally adjusted 2.3 percent in the November 9 week to the lowest level since February 2017 while refinancing applications decreased by 4.3 percent to the lowest level since … Read more
by jessefelder Warren Buffett is famous for many things one of which is his general dislike for precious metals as an investment. But maybe you’re old enough to remember when, just over 20 years ago, he backed up the truck and bought a ton of silver – over 3,000 tons, to be more precise. From … Read more
by Charles Hugh-Smith Other governments are keenly interested in following China’s lead. I’ve been pondering the excellent 1964 history of the Southern Song Dynasty’s capital of Hangzhou, Daily Life in China on the Eve of the Mongol Invasion, 1250-1276 by Jacques Gernet, in light of the Chinese government’s unprecedented “Social Credit Score” system, which I addressed in Kafka’s … Read more
This video gently showcases how Kanye West can be viewed as a symbol for love & peace, in the tradition of leaders like John Lennon, MLK Jr, Gandhi, and others. It touches upon conspiracy related topics including: breaking monolithic thought, mind control, achieving peace, media manipulation, eliminating the two-party voting system, and standing up against … Read more