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by Shaun Richards This morning brings us back to what has been a regular topic in 2018 which has been the US Dollar. Let’s look at it from the perspective of the sub-continent. The rupee weakened further and dipped by 54 paise to 73.04 against the US dollar Monday, owing to increased demand for the … Read more
by Adam Hamilton of Zeal LLC The widely-held mega-cap stocks that dominate the US markets are just wrapping up another blockbuster earnings season. Sales and profits soared largely due to Republicans’ massive corporate tax cuts. Still these lofty stock markets are vulnerable to serious downside, as October’s brutal plunge proved. Such extreme revenue and earnings growth cannot persist, … Read more
by Nomi Prins via Daily Reckoning This midterm election season seems like it lasted forever. There was certainly no shortage of ads, media dissections of every sound bite they could get their hands on and more than enough negativity to go around. We all know the outcome. The Democrats took the House, while Republicans kept control of the … Read more
by Martin Armstrong Italy is arguing that it will retain its budget and refers to how both France and Germany exceeded their budgets and the Commission disregard the Maastricht treaty rules in the case of both countries. In the budget dispute, the Italian government was not deterred by the threat of penalties from the European … Read more
by Martin Armstrong In Germany, the SPD is now pushing for a revolution in Europe for all member states to surrender their sovereignty to Brussels. They are arguing to federalize Europe and thereby create an integrated Europe of one government. It was the SPD that really won in the German 1918 Revolution. Under Weimar, the … Read more
by Jon Hall, Free Market Shooter In May of this year, Netflix announced that Barack Obama, along with his wife Michelle, had struck a multi-year deal with the company to produce “films and services” for their streaming service. Notably, alongside the announcement, the Obamas also started a new production company called “Higher Ground Productions“. In a statement when … Read more
Brenda Snipes’ office mixed bad provisional ballots with good ones… Broward’s elections supervisor accidentally mixed more than a dozen rejected ballots with nearly 200 valid ones, a circumstance that is unlikely to help Brenda Snipes push back against Republican allegations of incompetence. Broward officials faced further headaches after acknowledging the county mistakenly counted 22 absentee … Read more
by Hollywood Rob Yeah sure it’s long. But you know what, these guys are discussing what you will be seeing here in very short order. https://youtu.be/obvOCp-4QZY
Via Crime Research Twelve people were murdered and 18 injured at a bar in Ventura County last week. Our hearts go out to those who lost loved family members or friends in the attack. We can’t imagine what is going through the minds on parents. California issues very few concealed handgun permits and Ventura County is … Read more
House Democrats plan to investigate whether President Trump abused White House power by targeting — and trying to punish with “instruments of state power” — the Washington Post and CNN, incoming House intelligence committee chairman Adam Schiff said in an interview for “Axios on HBO.” Why it matters: Until now, all Trump critics could do is … Read more
Make up your own mind this is only 12 minutes or so. The second half of this important update may shock some of you to your core. The “camp fire” in California, like the Sebastopoll and Santa Rosa wildfires that came before it appears to have the hallmarks of something far more sinister than what … Read more
via thefreethoughtproject: The owners of a Facebook page dedicated to helping suicidal veterans cope with combat stress claim that their page was mysteriously deleted by Facebook with no explanation. The closure is one of the latest from the company, which has been heavily criticized as of late for running a censorship campaign targeting alternative news media … Read more
via Zerohedge: Stocks reversed earlier gains, turning lower in Europe as U.S. futures pared as many as 20 points of upside in overnight trading before turning lower on Monday, following a mixed session across most of Asia as investors weighed the outlook for equities after a roller coaster few weeks. Volumes were subdued with many … Read more
by DCG You cannot make this up. Seattle has had a homeless crisis for over three years. They allow the homeless to urinate and defecate in public. Homeless are allowed to shoot up drugs openly on city streets. Crime is rampant and Seattle Police are slow to respond. Prostitution is on the rise. Seattle has a lot of … Read more
by Charles Hugh-Smith Isn’t it obvious that repeating the policies of 2009 won’t be enough to save the system from a long-delayed reset? 2019 is shaping up to be the year in which all the policies that worked in the past will no longer work. As we all know, the Global Financial Meltdown / recession of … Read more
Authored by Sven Henrich via NorthmanTrader.com, There are a lot of people expressing certainty about the rest of the year. For most the next move is higher as they are expecting a massive seasonality based rally especially if the Fed holds off on raising rates in December. Some are coming out and predicting a sell … Read more
by John Rubino Doug Casey: “We’re headed for a catastrophe of genuinely historic proportions … including a civil war” … Peter Schiff: “Blue wave averted, larger deficits coming” … Mike Maloney: “One hell of a crisis coming” … Stefan Molyneux: “Social Security’s money is gone, there’s nothing but IOUs” … RT: “The world is dumping … Read more
by youtubehead Everyone here is so focused on the US. But what’s happening in China is really concerning. Recently, a major property developer had to go out to the debt market and pay 13% yield. Wynn stated the high rollers arent going to Macau. And they only see this during a recession. A professor produced … Read more
https://www.youtube.com/watch?v=k00GZ221_No Bill Nelson’s Campaign Lawyer Predicts a Hand Recount, and a Victory https://www.rollcall.com/news/politic… The Democratic Party’s premier election lawyer predicts that the Florida Senate race is heading for a hand recount, and he said Thursday that he thinks Sen. Bill Nelson may in fact be re-elected. Marc Elias, the partner at Perkins Coie who is now representing Nelson’s Senate … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter In 2018, “each month has brought weaker than normal sales, rising inventory, and continued downward pressure on prices” in Vancouver, British Columbia, writes Steve Saretsky, a Vancouver Realtor and publisher of real-estate blog, Vancity Condo Guide. The market faces another headwind: “With the Bank of Canada determined to reach a neutral rate … Read more