Congressional Budget Office: U.S. Deficit to Surpass $1 Trillion Two Years Ahead of Estimates – an increase of 60% from a year earlier

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The U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases signed by President Donald Trump do little to boost long-term economic growth, according to the Congressional Budget Office. Spending will exceed revenue by $804 billion in the fiscal year through September, jumping from … Read more

Visualizing Financial Literacy Rates Around the World

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by howmuch What is financial literacy? The S&P’s Global Financial Literacy Survey defines it as the ability to understand essential financial concepts in making informed decisions about saving, investing and borrowing. The survey asked respondents a series of financial literacy questions. Here’s one example. Suppose you have some money. Is it safer to put your money into … Read more

Yes, We Are In Another Tech Bubble

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by David Robertson Technology has touched our lives in so many ways, and especially so for investors. Not only has technology provided ever-better tools by which to research and monitor investments, but tech stocks have also provided outsized opportunities to grow portfolios. It’s no wonder that so many investors develop a strong affinity for tech. … Read more

Chicago Expands “Amusement Tax” As It Inches Closer To Bankruptcy

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by Duane Norman, Free Market Shooter In 2015, the city of Chicago expanded its “Amusement Tax” in an effort to combat the city’s massive budget deficits.  The tax, which originally applied to concert tickets and other entertainment events, was expanded to target citizens who have cancelled cable, by taxing online streaming services: Chicago is about to become … Read more

The Rise of Nationalism

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by Martin Armstrong Part of the War Cycle we have been warning about since it turned upward in 2014, is not merely international tensions between nation-states.  This particular uptick is the convergence of two cycle – (1) the international tension, and (2) the civil unrest. I previous warned that because the civil unrest would turn … Read more

NASA Now Says They See a Cooling Trend – Not Warming

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by Martin Armstrong “We see a cooling trend,” Martin Mlynczak of NASA’s Langley Research Center said in late September. “High above Earth’s surface, near the edge of space, our atmosphere is losing heat energy. If current trends continue, it could soon set a Space Age record for cold.” … …. Ron Turner a Senior Science Advisor … Read more

The FAANG trade is ‘dead’: Money manager Peter Boockvar

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CNBC, Released on 11/13/18 Ever since Apple reported earnings, FAANG stocks have begun to splinter off and show a divergence in performance. Peter Boockvar, Bleakley Advisory Group, offers his take. Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.    

Danielle Park – Heading Down Recession Road

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from Financial Survival Network Danielle Park joined us to discuss peak interest rates and the impending economic slow down. This might not be the beginning of the long awaited recession, but it certainly means that we’re getting closer. The problem is that you never know you’re in a recession until you look back a couple of years. … Read more

Is It Time To Buy The Home Building Sector (XHB)

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by Michael Lebowitz Throughout modern financial history, the ability to borrow at a 5% rate on a 30-year mortgage was considered a great deal. Over the past ten years, mortgage rates falling to between 3% and 4% have warped perceptions. Evidence of this fact can be found by the sticker shock and home buyer consternation … Read more

Our cars are spying on us

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Our lives are under surveillance more and more. Facebook and Amazon, our phones and TVs are all listening to us and selling the data to whoever pays the bill. Now our cars are selling us out as well     Vehicles are increasingly coming connected with Wi-Fi and may know more about you than you … Read more

A list of “crisis actors” and other hilarious misfits

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by PaidGovernmentShill_ Maybe this will wake em up a little: So many smiles, so little tears and sadness from the Borderline “mass shooting.” https://youtu.be/hqI8ssifRiY Robbie Parker, smiling and laughing, and “getting into character” while hyperventilating. Gene Rosen, whose entire story makes even less sense than his hilarious acting. https://youtu.be/VSGFDHBphmE Thousand Oaks supposed father of a … Read more

A ‘perfect storm’ is brewing for chips stocks, and that may mean the worst is yet to come

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via @kerisalison Semiconductor stocks are getting wrecked. The chipmakers have taken on water in November, falling nearly 2 percent and compounding losses suffered since the beginning of fall. Stocks like Qualcomm, Skyworks, Nvidia, Micron and AMD are all sharply lower in the past week. The worst could still be ahead for the group, says Boris Schlossberg, managing director of FX strategy at BK Asset … Read more

Hero Security Guard Stops Mass Shooting and is Killed by Cops Who Showed Up After it Was Over

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via thefreethoughtproject: Robbins, IL — Early Sunday morning, a tragedy took place in Illinois after a hero security guard stopped what was quickly becoming a deadly mass shooting, only to be shot by police moments later. Jemel Roberson, 26, was working security at Manny’s Blue Room Sunday morning when his heroism got him killed. The incident … Read more

Florida county allowed voting by email – which is against the law

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In heavily Republican Bay County, election supervisor Mark Andersen acknowledged Monday that he had allowed some voters to cast their ballots over email, which is not allowed under state law.   PANAMA CITY, Fla. (AP) – Election officials in a Florida county battered by Hurricane Michael last month allowed about 150 displaced voters to cast ballots … Read more