6 signs we’re closer to the next recession than you think

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via Sean Williams  Chances are that if you invested at any point during the Great Recession, you’re sitting pretty right now, assuming you’ve held onto your positions. The U.S. economy is in the middle of its second-longest economic expansion in history, going back 161 years. And since the market bottomed out in March 2009, investors have witnessed all … Read more

Why Markets are Worried About the Yield Curve

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by visualcapitalist If you pay any attention to financial media, chances are that you’ve heard increased chatter about the flattening “yield curve” in the past few weeks. For professional investors, talking about the yield curve is close to second nature – but to most regular folks, the words probably sound very abstract or esoteric. WHAT’S A … Read more

Dicky Durbin Admits THE TRUTH on Dems Plot for Kavanaugh

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https://www.youtube.com/watch?v=pM4xhhr3BpA The Patriot Beat reports, Democrats have nothing to offer the American people. The only thing they have to give is divisiveness, obstruction, and hate. And nowhere was that more on display, than at the Judge Brett Kavanaugh’s confirmation hearing. Read More/Source/Credit/FairUse: https://patriotbeat.com/2018/09/04/dicky-durbin-admits-the-truth-on-dems-plot-for-kavanaugh/

Credit-Cardholders & Bank Customers Burned Again as New IT Chaos Breaks Out in the UK

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The payments industry deplores it, but cash is starting to look pretty good, and central banks agree: “We do not foresee a totally cashless society”: ECB By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. This has not been a good year for IT systems in the UK. First there was TSB Bank’s botched IT migration in … Read more

We’re going into a weekend with sour global mood

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we're going into a weekend with sour global mood + USD267BLN trade war escalation by Washington + threat of China retaliation pic.twitter.com/yfxrzPZNfO — Alastair (@StockBoardAsset) September 7, 2018 E P I C T R A D E W A R !!!! pic.twitter.com/0ISSPPvacH — Alastair (@StockBoardAsset) September 7, 2018 $AAPL pic.twitter.com/OxkocdOWKR — Alastair (@StockBoardAsset) September 7, … Read more

Why aren’t millennials buying houses?

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via @ByRosenberg: % of income spent on rent (vs historical average) LA 47% (36%) Miami 42% (29%) San Francisco 39% (31%) NY 38% (26%) Boston 33% (26%) Denver 32% (24%) Seattle 31% (24%) Portland 30% (24%) US avg 28.4% (25.8%) https://www.zillow.com/research/q2-2018-affordability-21286/

It’s cyclical: Mid-2019 now fingered as the end of biggest boom ever.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Orders for Class 8 trucks in August jumped 153% from a year ago to 52,400 trucks, beating by a smidgen the orders in July, which had been the highest number of monthly orders ever recorded. These are the heavy trucks that haul the products of the goods-based economy across the US, … Read more

China’s HNA says its will sell $10 billion stake in Deutsche Bank

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via Marketwatch: One of China’s largest conglomerates intends to completely exit its stake in Deutsche Bank AG and unload the vast majority of overseas investments it made in recent years, according to people familiar with the matter, a significant comedown for a once-highflying company. HNA Group Co. 000616, +2.32%  , an owner of airlines and hotels that amassed … Read more

A Bounce Coming In ETH?

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by Dave I’m waiting to see what it says in the next day or so.  If I start to see that rash of “red” sell signals, I’ll bail out.  Otherwise, maybe there’s a 20% move in the near future, the same way there was a few weeks ago at 250.

Weekend Reading: Fall Back

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by Lance Roberts Doug Kass made an interesting observation about the market yesterday: “The month of September started with optimism. That optimism has faded in the last two trading days. The most notable winners (year to date), FANG, have been particularly weak as investors begin to understand (thanks to the Congressional testimony and hearings) that … Read more

The Most Important Asset Class In The World

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by David Robertson Here we are, ten years after the bankruptcy of Lehman Brothers, and one would be hard pressed to find evidence of meaningful lessons learned. “As long as the music is playing, you’ve got to get up and dance,” – Chuck Prince, Citigroup Chuck’s utterance now sounds more like a quaint remembrance than … Read more

Stocks Cycle Downward Right On Schedule

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by Dana Lyons September of the 2nd year of the Presidential Cycle is historically the weakest month of the 4-year cycle. Since working off its early year correction, the U.S. stock market has been on one of those inexorable runs that we’ve seen on so many occasions in recent years. Such runs have seen the market … Read more