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The entire plan is going into Phase II, right after the midterm elections everything will change, the push to remove the central bank will go into overdrive and the President will call out the Fed at every decision they make. Job openings tumble, there are still a million more job openings that unemployed workers, if … Read more
by DCG Last night the GOP likely extended (at the time I scheduled this blog post) its majority in the Senate. Key republican wins included: Mike Braun in Indiana Kevin Cramer defeated Heidi Heitkamp (who voted against Kavanaugh) in North Dakota Marsha Blackburn in Tennessee Josh Hawley defeated Claire McCaskill in Missouri Rick Scott in … Read more
by Lance Roberts “As societies grow decadent, the language grows decadent, too. Words are used to disguise, not to illuminate, action: you liberate a city by destroying it, Words are to confuse, so at election time people will solemnly vote against their interests.” – Gore Vidal * Conventional and consensus wisdom – regarding the election outcome … Read more
by John Adams from Adams Economics Australians John Adams and Martin North discuss the shock announcement by the Australian Government to re-appointment globalist regulator Wayne Byres (who previously served at the Bank for International Settlements) to a new 5 year term as Chairman of the Australian Prudential Regulation Authority (i.e. the regulator of the Banks) despite being exposed … Read more
Republicans didn’t win last night. This is the last time Florida will ever vote red. Over 1 million FELONS in Florida now have their voting rights restored after yesterday’s election. Gillum’s campaign was caught on camera admitting that’s how Dems will turn FL blue. Republicans didn’t win last night. This is the last time Florida … Read more
BREAKING: Democrats will request Trump tax returns, senior source tells @AriMelber, if they take the House as @NBCNews projects: pic.twitter.com/Q17F6fXlQz — The Beat with Ari Melber (@TheBeatWithAri) November 7, 2018 wonder how this turns out…… delay for sure h/t savcash
by Troy The S&P 500 is just under its 200 dma. Let’s determine the stock market’s most probable direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month. *Probability ≠ certainty. The stock market’s breadth has mean-reverted The stock market’s breadth has … Read more
by Michael Lebowitz “The journey of a thousand miles begins with one step.” – Lao Tzu In a tiny first step on December 16, 2015, the Federal Reserve (Fed) did something they had not done in over nine years. From the unprecedented starting point of zero, they raised the Fed Funds rate. Since, they have … Read more
by Martin Armstrong The computer was correct. There was no Blue Wave. The real interesting aspect is it appears we may have a Bearish Reversal elected in the Senate for the Democrats. While the Democrats won the House, they did not elect any Bullish Reversal and in fact, they may have continued the downtrend with winning … Read more
by ogordained UNITED STATES Job openings missed expectations but remain near record highs (Actual 7,009 | Expected 7,085) High demand for health care workers is a big cause for this Inventory of unsold homes is at its highest rate since 2011 Democrats took control of the House while Republicans gained a few seats in the Senate … Read more
via Michael Roberts: The mid-term Congressional elections saw a swing to the opposition Democrats in the Lower House and the Republicans were ousted as the majority party. This is a blow to President Trump who mounted a campaign based on fear of immigrant caravans flooding into the US from Latin America and supposed rising crime provoked … Read more
A risky resurgence? Leveraged finance has doubled in size since the Great Financial Crisis, but vulnerabilities may arise with the normalisation of monetary policy #LeveragedLoans https://t.co/GE9d9Ag8iX pic.twitter.com/p8xrmX1DHR — Bank for International Settlements (@BIS_org) November 7, 2018 US debt costs continue their Gridlock or Not, US debt problem is real and growing, BBG writes. The annualized … Read more
by Daisy Luther By now, just about everyone has watched one or more local stores close their doors for good. Lowe’s, a hardware and home improvement store that has been around for 72 years, is closing around 50 of their locations just after Christmas. They’re the most recent victim of the retail apocalypse. Thousands of brick … Read more
Authored by Sven Henrich via NorthmanTrader.com, We’re in one of the longest economic expansion cycles in history and nobody’s happy. It’s mind blowing. You’d think 2018 would have people dancing in the streets. 3.7% unemployment, record stock market prices. Well the ladder until recently that is. So let me rephrase: What happens if you have record … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter It may be that moral bankruptcy is one of the quickest preludes to Chapter 11. Wolf here: On August 6, about two months before Mattress Firm filed for Chapter 11 bankruptcy, I published my expose: “Mattress Firm Considers Bankruptcy to Get Out of its Real Estate Scams. This is so thick it’s hard … Read more
via Yahoo: (Reuters) – Wells Fargo & Co <WFC.N> said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected. The bank said in a filing with regulators that an expanded review found that 870 customers were incorrectly denied mortgage changes, leading … Read more
Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the “strongest growth since 2011,” according to eMarketer. In-store sales are forecast to rise 4.4 percent year-on-year, while e-commerce sales are predicted to grow by 16.6 percent. The report comes amid concerns over the future of brick-and-mortar retailers, amid … Read more
AT&T will alert a little more than a dozen customers within the next week or so that their service will be terminated due to copyright infringement, according to sources familiar with its plans. Why it matters: It’s the first time AT&T has discontinued customer service over piracy allegations since having shaped its own piracy policies last … Read more
by Michael Snyder This is a very dark moment in American history. On November 6th, the American people gave the keys to the U.S. House of Representatives to the Democrats, and that means that the crazies will soon be unleashed on Capitol Hill. They won’t be able to get much legislation pushed through because Republicans still … Read more
by Chris Black As I already told you in yesterday’s article, one of President Trump’s campaign ads was banned by both mainstream media outlets (the likes of CNN, MSNBC, Fox News et al) and Facebook. The reason for banning the ad in question was racism. When anything else fails, and the left is close to … Read more