The Risk Of An ETF Driven Liquidity Crash

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by Lance Roberts Last week, James Rickards posted an interesting article discussing the risk to the financial markets from the rise in passive indexing. To wit: “Free riding is one of the oldest problems in economics and in society in general. Simply put, free riding describes a situation where one party takes the benefits of an economic … Read more

Trade Deficits Cost Jobs & Shrink GDP

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by Spencer P Morrison, NEE On Monday the Trump administration announced that it would impose 10 percent tariffs on an additional $200 billion worth of Chinese goods—including many consumer goods which have been exempt until now.  This rate will increase to 25 percent by year’s end.  China responded by imposing new tariffs on $60 billion worth of American goods.  Make … Read more

America abandons the ideals that made us great

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by Fabius Maximus Summary: This year we may have crossed the Rubicon, abandoning the ideals that built America. They will be difficult to recover. America is an idea, or an assembly of ideals. Most of our strengths comes from these intangibles. If we lose those, we are just another nation. There will be nothing restraining our … Read more

The irresistible allure of American Show Trials

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by John Ward Why are we so fascinated by the Brett Kavanaugh Karno’s Circus? The Slog investigates.   ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ I’ve spent over forty years seeing bits of America (tip: it’s huge, I still have 80% to go) and it remains a forever remarkable country. At University, my main course in a joint Honours Degree was American … Read more

JONAH GOLDBERG: The Moral-Panic Phase.

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via nationalreview: Why the Hell are people losing their minds? I don’t know. Why did St. Vitus’ Dance sweep Europe? Why did tulips get so expensive during the Tulip Craze? Why did the witches hang? I suspect what’s happened is a convergence of things. First the #MeToo movement, which mostly has been a force for good, … Read more

China factory sector hurt in September as trade frictions bite

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via Kevin Yao, Lusha Zhang Growth in China’s manufacturing sector sputtered in September as both external and domestic demand weakened, two surveys showed on Sunday, raising the pressure on policymakers as U.S. tariffs appear to be inflicting a heavier toll on the Chinese economy. global slowdown continues https://t.co/pyHYK3hazC — Alastair (@StockBoardAsset) September 30, 2018 A private survey … Read more

Brace For Impact: Tariffs Could Raise The Price Of A Car By $7,000

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by Mac Slavo of SHTFplan As the trade war intensifies and president Donald Trump continues to hold firm on raising tariffs, many are feeling the pinch. If you’re looking for a new car though, your wallet could be dramatically impacted, as those higher taxes could raise the cost of a vehicle $7000. Along with Trump’s other protectionist moves, the … Read more

US Dollar Refuses to Die as Global Reserve Currency — But Loses Ground

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on. Those who’re eagerly awaiting the end of the “dollar hegemony,” or the end of the dollar as the top global reserve currency, well, they’ll need some patience, because it’s happening at a glacial pace – according to … Read more

Solar Minimum – Biggest Decline Maybe Ever

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by Martin Armstron The sun is entering perhaps one of the deepest Solar Minima in thousands of years. Sunspots have been absent for most of 2018. This is really alarming. Since the start of 2018, there have been totally spotless days for weeks. The sun’s ultraviolet output has sharply declined and this is not going to end well. We … Read more

California Gov. Jerry Brown just signed the nation’s toughest net neutrality measure…Trump administration counters with a lawsuit

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5:15 p.m. California Gov. Jerry Brown has signed the nation’s toughest net neutrality measure that requires internet providers to maintain a level playing field online. Advocates of net neutrality hope the move Sunday will nudge Congress to enact a national standard or encourage other states to follow suit. It’s the latest example of the nation’s … Read more

Quake swarm near Puerto Rico!

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https://earthquake.usgs.gov/earthquakes/map/#{“autoUpdate”:[“autoUpdate”],”basemap”:”grayscale”,”feed”:”1day_m25″,”listFormat”:”default”,”mapposition”:[[18.312810846425442,-65.7806396484375],[19.078990851489117,-64.8138427734375]],”overlays”:[“plates”],”restrictListToMap”:[“restrictListToMap”],”search”:null,”sort”:”newest”,”timezone”:”utc”,”viewModes”:[“list”,”map”],”event”:”pr2018273012″}   That is all it is Volcanoes of the Caribbean Islands https://www.volcanodiscovery.com/carribean.html   AC

The Republican prosecutor releases memo tearing apart Ford’s testimony

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“In the legal context, here is my bottom line,” Mitchell said. “A ‘he said, she said’ case is incredibly difficult to prove. But this case is even weaker than that.” “Dr. Ford identified other witnesses to the event, and those witnesses either refuted her allegations or failed to corroborate them,” Mitchell said. “For the reasons … Read more

Poland Buys Gold For First Time In 20 years

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by GoldCore Central Bank Gold Buying Hits Highest Level in Six Years – Central banks have emerged as  some of the biggest buyers of gold this year as reported by the Financial Times – Poland added to its gold reserves last month, buying more than seven tons of gold, which followed its purchase of two tons … Read more

Seconds After Getting CAUGHT in Huge Lie ‘Beto’ O’Rourke Gets UNEXPECTED Award He Will Hate

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https://www.youtube.com/watch?v=rMuSlXCIvNs Ben Marquis for the Conservative Tribune reports, There is no doubt that the liberal media is fully supportive of Democrat Rep. Robert “Beto” O’Rourke’s effort to unseat incumbent Republican Texas Sen. Ted Cruz in the upcoming midterm elections. Read More/Source/Credit/FairUse: https://www.westernjournal.com/ct/cru…

OH Boy. Walmart is going to HATE What Amazon is About to Do

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https://www.youtube.com/watch?v=hMGnnCUOwec Lauren Thomas for CNBC reports, Amazon is opening a new store that sells items from its website rated 4 stars or above, the company said in a blog post on Wednesday, making a bigger push into bricks-and-mortar retail following its acquisition of Whole Foods and the gradual rollout of its cashier-less convenience stores. Read … Read more