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BY SRSROCCO While the U.S. Shale Industry produces a record amount of oil, it continues to be plagued by massive oil decline rates and debt. Moreover, even as the companies brag about lowering the break-even cost to produce shale oil, the industry still spends more than it makes. When we add up all the negative factors weighing … Read more
by Shaun Richards Sometimes it is hard not to have a wry smile at market developments and how they play out. For example the way that equity markets have returned to falling again has been blamed on the Italian bond market which has rallied since Friday. But this morning has brought a reminder that even … Read more
by Lance Roberts In this past weekend’s missive “Market’s Cling To Support,” I noted the early February correction process where we saw a similar short-term bottoming process where the initial bounce failed then bounced in mid-March before failing again to retest the February lows. On Monday, the market broke through the 200-dma which puts portfolio management on high … Read more
Authored by Kevin Muir via The Macro Tourist blog, The other day I wrote a piece “When will chasing the hot stock no longer work?” which outlined how “price momentum” was the main driving factor during the recent stock market rally. I went through how value stocks have been sucking wind ever since the Great Financial Crisis. … Read more
Its California. They’d give her a raise h/t Lack-of-Focus
Police find person shot dead on University of Utah campus after reported kidnapping University of Utah police investigated a report of shots fired and a possible kidnapping on the University of Utah campus on Monday, and soon located the victim. They found the shot person in a car near the scene. The person was found … Read more
by Gashweir As most of us here are aware, the Patriot Act was passed in 2001 with terrorism as its casus belli, with privacy advocates warning that once passed, it would be used for all types of investigations, not just terrorism. Turns out they were right. As the following article makes clear, in over 11,000 … Read more
Dewayne Johnson originally won $289m after finding Roundup weedkiller caused illness, but judge reduces financial award A California judge has rejected Monsanto’s appeal to overturn a landmark jury verdict which found that its popular herbicide causes cancer. The judge’s ruling on Monday largely sided with Dewayne “Lee” Johnson, a father of three and former school groundskeeper, who won … Read more
https://youtu.be/WnWcAvTuwbQ So sick of the liberal media trying to program the masses. I can’t even watch tv anymore because they are so blatantly obvious in their methods. h/t SovereignMe
https://www.youtube.com/watch?v=GqwZKT3lsZo Failed migration policies have helped turn Paris into a failing city. People simply no longer feel safe in their own homes. Where do they go? Nationalist Hero Hungary. Perhaps communities deserve to have borders?
From The Verge: Tesla’s cars may be high-tech, but that doesn’t mean they’re foolproof when it comes to security. This fact is on display in a new video that shows, without the proper protections in place, that it’s not that hard to steal one of the company’s cars. The video shows two thieves skulking around a … Read more
https://www.youtube.com/watch?v=oYQy-zwQ7Hk Cristina Laila for the Gateway Pundit reports, A man named Frank posted a video to his Twitter account Saturday night claiming he and his family were denied service at Ruby Tuesday in Roanoke Rapids, North Carolina because he was wearing a “Trump – Make America Great Again” t-shirt. Thank you, Maxine Waters. Read More/Source/Credit/FairUse: … Read more
via tomluongo: “Here’s where we hold ’em by the nose, and kick ’em in the ass” — Patton If you ever want to know who’s losing an argument simply look at who’s doing the most threatening. Not who’s shouting the loudest or who’s the angriest, but who is threatening. Those who threaten are doing so because … Read more
via mishtalk: Just in the nick of time not: Fair Isaac is launching a new type of credit score that will give millions more credit. Just as the economy is peaking, consumers with a low FICO could get a higher “UltraFICO“, a new score that factors in bank-account activity as well as loan payments. Credit scores … Read more
via cato.org: The U.S. Treasury reports that the federal budget deficit was $779 billion in fiscal 2018. The deficit is caused by spending in excess of tax revenues and is financed by borrowing from foreign and domestic creditors. Federal spending in 2018 was $4,108 billion and tax revenues were $3,329 billion, so Congress financed 19 percent of its … Read more
https://youtu.be/5mGw1EtHOsY https://metro.co.uk/2018/10/23/rome-streets-turn-to-ice-after-epic-hail-storm-batters-italys-capital-8065620/ h/t Mr. T-Rex
President Donald Trump’s deputies have announced they will soon cancel the work permits which were awarded to 100,000 foreign visitors under a controversial outsourcing program created by President Barack Obama. Many U.S. graduates have already lost jobs and salaries because the federal government allows U.S. companies to outsource their jobs to a low-wage workforce of … Read more
The Department of Justice must investigate funding behind the massive migrant caravan heading ot the U.S. border, and the people traveling from Guatemala, Honduras, and El Salvador won’t be able to make a legitimate asylum claim once they arrive, Rep. Louie Gohmert said Monday. “We have got to have the DOJ investigate where the funding … Read more
JAMAL Khashoggi body parts have been found, claim Turkish investigators as grisly details of the murder come out. Reports suggest the parts were cut up and found in the garden of the Saudi Consul General in Istanbul. There are also claims his face has been disfigured. The latest development comes just hours after Turkish President … Read more
https://youtu.be/PIkrtEy-5fk https://thebogotapost.com/2018/10/18/tens-of-thousands-affected-by-floods-in-la-guajira/ h/t Mr. T-Rex