Potential Impacts of the Midterm Elections on Your Retirement

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From Birch Gold Group Now that the midterm elections are pretty much over, the Democrats control the House, and the Republicans control the Senate. This may have several important impacts on your retirement over the next two years (and beyond, depending on policy adjustments). These potential impacts could be crucial because the economic foundation they influence … Read more

Junk Debt Still Looking Shaky

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by Chris Well, don’t look now but futures on all three US equity indexes are nicely green…msot brain dead trade of the past month.  US stocks down on the day?  Buy the futures. Not sure how long that will last, but it’s really more of interest than of import.  Looks to me like things are breaking … Read more

Wells Fargo: Saying We’d Tell the Truth Was so Absurd We Can’t Be Sued for Lying About It

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via confoundedinterest: Wells Fargo is adopting an unusual defense against a shareholder lawsuit: claiming, essentially, that shareholders can’t hold the bank accountable for CEO Tim Sloan’s statements that it was “working to restore trust” and be “more transparent” about its scandals – because it should have been obvious that Sloan was lying. The defense, which Wells … Read more

The 3-Month Libor vs. Euribor spread is at its highest level since 1999! Crude crashed yesterday, Crypto crashed today — maybe it is a sign that liquidity in global markets is very thin.

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The 3-Month Libor vs. Euribor spread is at its highest level since 1999! Is the ECB about to start tightening or the Fed about to stop? Either way, unless “this time is different”, such policy changes from similar extremes is what preceded the last two recessions. pic.twitter.com/lOKJ1SASHi — Otavio (Tavi) Costa (@TaviCosta) November 14, 2018 … Read more

What “The Fed Wants to Loosen Regulations Even More for Community Banks” Really Means

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Randal Quarles, the Federal Reserve’s vice chair of supervision, said more changes are coming that will allow community banks relief from the post-financial crisis capital requirements. The Fed said two weeks ago that it will place banks into four categories for leverage requirements but stressed that size was only one factor it would use in … Read more

Gundlach: Rate Raises + Increased Federal Debt = US Economic “Suicide Mission”… Holtz-Eakin: “Average American Is Blissfully Unaware of the Federal Debt Problem”

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via yahoo: Bond investor Jeffrey Gundlach, the founder of DoubleLine Capital, reiterated his assertion that the U.S. is “on a suicide mission” by increasing its deficit while the Fed is raising interest rates. Gundlach made the comments during a webcast on Tuesday afternoon shortly after the U.S. Treasury reported that the federal government ran a budget deficit of nearly $100.5 billion during … Read more

US Mortgage Applications Down 3.2% in One Week

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Potential homebuyers pulled back last week, worried about rising interest rates and about what was behind big daily drops in the U.S. stock market. Mortgage application volume fell 3.2 percent last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 22 percent lower compared with the same … Read more

New Government Report to Address Postal Service’s “Unsustainable Financial Path”

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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

Credit Markets: To BBB or Not to BBB?

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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

Your Food Source is Quickly Diminishing

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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

How Will the Feds Get Out of This?

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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

IT ISN’T BRIBERY WHEN THE RIGHT PEOPLE DO IT: Amazon is getting more than $2 billion for NYC and Virginia expansions.

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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

Sharp, Deep Crash Possible in Next Few Weeks

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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

Florida Election Shenanigans

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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.