What I Wrote to the White House about Trade & Tariffs

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The primary culprit of the ballooning US trade deficit is being purposefully obscured: Corporate America China is taking its propaganda on trade directly to the US. And “folly” seems to be the preferred official term. The four-page propaganda piece in Sunday’s Des Moines Register, “paid for and prepared solely by China … Read more

World sinks to 10-year happiness low

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via trust.org:   LONDON, Sept 12 (Thomson Reuters Foundation) – World happiness levels are at their lowest level in over a decade, with the number of people who say they feel stressed and worried rising, according to a survey published on Wednesday. Conflict-hit Central African Republic (CAR) was the world’s unhappiest place last year, with Iraq … Read more

This signal on the S&P 500 breadth oscillator is relatively weak… Debt-ridden zombies are crippling global growth

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New post, "Weekly Update" on https://t.co/5LxCifz6tv This signal on the S&P 500 breadth oscillator is relatively weak. pic.twitter.com/RNbbcMfMF8 — Chris Carolan $=1/∞ (@spiralcal) September 23, 2018 Since there is an important addition to this chart posted this morning…added global central bank assets to the chart which have been diverging with USA assets but synched with … Read more

The riskiest category of borrowers has never been more leveraged. Corporate America, not banks, could cause the next recession

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Interesting tid-bit from the article: “The riskiest category of borrowers has never been more leveraged. Companies with junk credit ratings are holding a record low $8 of debt for every $1 of cash, according to S&P.” also this “Ben Breitholtz, data scientist at Bianco Research, found that 14% of the companies in the S&P 1500 … Read more

Previews of the coming reckoning

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by Adam Taggart All things have a beginning, a middle and and end. And now, more than 3,480 days into the current bull market, the longest in history, we can say with high confidence we are very close to its end. Why? For manifold reasons that are multiplying fast. So many, in fact, that each … Read more

Liberal logic: Despite increase in King County’s homeless population, 10-plan to end homelessness is “not a failure”

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by DCG Homeless in King County: “Not a failure”/Q13Fox photo In 2005 King County (Washington) created a 10-year plan to end homelessness. They established the Committee to End Homelessness in King County (CEH), charged with implementing the goals of the Ten-Year Plan: prevent homelessness whenever possible; move people rapidly from homelessness to stable housing; increase the efficiency of … Read more

Lindsey Graham: A ‘Bureaucratic coup’ Against Trump Being Uncovered… Sara Carter: “It Was A Silent Coup…. Andy McCabe Claimed in Memo That Rod Rosenstein Wanted to Stage a Soft Coup

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Graham: There's a "bureaucratic coup" trying to destroy Trump https://t.co/5osvL2s4Gy pic.twitter.com/2dnPHJo2Xj — The Hill (@thehill) September 23, 2018 via thehill: Sen. Lindsey Graham (R-S.C.) said Sunday that there is a “bureaucratic coup” against President Trump. The South Carolina senator made the comments while speaking on “Fox News Sunday” after host Chris Wallace asked if Attorney General Rod Rosenstein should be … Read more

MSNBC’s Morning Joe FREAKS OUT On-Air After Dems ‘Move Goal Posts’ On Kavanaugh Accuser’s Hearing

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https://www.youtube.com/watch?v=vvVCynzsXEk Ryan Saavedra for the Daily Wire reports, MSNBC’s “Morning Joe” went after Democrats on Wednesday for “moving the goalposts” after Republicans moved to allow Judge Brett Kavanaugh’s accuser to have the opportunity to testify before the Senate Judiciary Committee next week. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/36068/watch-msnbcs-morning-joe-bashes-democrats-moving-ryan-saavedra

All bull markets come to an end, even the 35-year Great Bond Bull Market.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The US Treasury 2-year yield crept up 3 basis points during the week, to 2.81% at the close on Friday, the highest since June 2008. In a month or two, as the fourth rate hike for 2018 and more rate hikes next year are getting further baked in, the 2-year yield will cross … Read more

The risk of systemic economic collapse

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by HomoSemiHabilis Hear me out on this because I think it’s the most empirical treatment of how things could very quickly go horribly wrong. ​ Fact 1 : banks handle the very infrastructure of payment through credit card, checks, wire transfers etc. Fact 2 : banks also make a lot of money from finance and … Read more

The 800 Pound Gorilla In The Room Is The Bond Market (Not The Stock Market)

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Gordon Long interviewed by Jason Burack on Wall St For Main St Jason Burack of Wall St for Main St interviewed returning guest former entrepreneur, former Fortune 500 executive and global macro newsletter writer, Gordon T Long https://matasii.com/ During this hour plus interview, Jason and Gordon discuss the US stock markets, extensive central bank intervention into the global economy, the … Read more