U.S. consumers have no tolerance for inflation

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via Myles Udland In July, core inflation in the U.S. notched its biggest annual increase since September 2008. In August, consumers noticed. According to the University of Michigan’s first look at consumer sentiment in August released Friday, consumers’ assessment of current economic conditions declined due to, “much less favorable assessments of buying conditions, mainly due to … Read more

One Cup, One President, $120 Million Wiped Last Week As China Calls For Boycott

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by stockboardasset China unleashed economic warfare against a bakery-and-coffee chain that served the President of Taiwan coffee during her trip to the United States. Gourmet Master Co Ltd., a Taiwan-based coffee shop mainly involved in the provision of western-style desserts with stores in China, Taiwan, Hong Kong, the United States, and Australia, saw their stock collapse last week … Read more

Unintended Consequences: Why $15 an Hour in California and Seattle Reduces Employment for Low-Wage Workers

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By Bob Shanahan “The minimum wage law very clearly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer,” wrote Thomas Sowell, noted economist, social theorist, and … Read more

Toxic Mix in Canada: Spiking Inflation, Variable-Rate Mortgages, and a Housing Bubble

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter What will the Bank of Canada do? The Bank of Canada has nudged up its target rate four times, starting July a year ago, from 0.5% to 1.5%. It last hiked on July 11. But now it is facing inflation that suddenly and unexpectedly jumped at twice the Bank of Canada’s … Read more

Poland, the Next Turkey?

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via Mish Talk:   Emerging markets have taken it on the chin. Is Poland next? Murray Gunn, Head of Global Research at Elliott Wave International, asks “Is Poland the next Turkey?” Our outlook for the Polish Zloty suggests that Poland’s developing authoritarianism is likely to accelerate. In case you have been living on Mars over the … Read more

Mudd looses his temper after getting owned!

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Mudd lost his temper so bad he was yelling and spitting all over the microphone telling RNC operative Paris Dennard to get off the show. Even though it was not his show … but then again CNN = CIA. Paris accused Phil MUDD, as well as his CIA /intel brethren of using their lifetime security … Read more

BREAKING: Trump Administration seeking to bypass Congress – cut $3 billion in foreign aid – directed towards the UN – Politico

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https://twitter.com/WiredSources/status/1030593338767024128 The White House budget office believes it has found a way to cancel about $3 billion in foreign aid even if it is never approved by Congress, according to a Republican aide familiar with the plan. Using an obscure budget rule, administration officials are planning to freeze billions of dollars in the State Department’s … Read more

EVERYTHING SEEMINGLY IS SPINNING OUT OF CONTROL: “As our media environment blurs, confusion often reigns,”

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AP claims: A generation ago, the likes of Walter Cronkite, Peter Jennings and Diane Sawyer were the heroes of television news. Now the biggest stars are arguably Sean Hannity and Rachel Maddow. Notice the difference? Cronkite, Jennings and Sawyer reported the news. Hannity and Maddow talk about the news, and occasionally make it. But you … Read more

Most People See No Chance Of A Recession

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https://twitter.com/OccupyWisdom/status/1030642554814050304 https://twitter.com/OccupyWisdom/status/1030642562405683202 https://twitter.com/OccupyWisdom/status/1030642573306671104 https://twitter.com/OccupyWisdom/status/1030642578335653888 https://twitter.com/OccupyWisdom/status/1030846436513128449 https://twitter.com/OccupyWisdom/status/1030846447321837568 https://twitter.com/OccupyWisdom/status/1030846455592960001

How Did John Brennan Ever Get A Security Clearance? Secret Trips To Russia And The Creation Myth Of Russian Collusion.

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by Ruby Henley President Trump had every reason to revoke Ex-CIA John Brennan’s security clearance.  It should have been done a long time ago, considering his past testimony in which he stated “no evidence of Russian collusion.” The MSM is having a field day with this latest action by President Trump, and, of course, John … Read more

Enron versus TSLA

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Enron versus $TSLA h/t @TeslaCharts pic.twitter.com/jns52yf1aN — Alastair (@StockBoardAsset) August 18, 2018 $TSLA pic.twitter.com/n7rr6T5h9b — Ramp Capital (@RampCapitalLLC) August 17, 2018 Lmao @elonmusk pic.twitter.com/fuDlFMvl9s — Wu-Tang Financial 🥑 (@Wu_Tang_Finance) August 17, 2018

What Happens When the Fed Turns OFF the Tap? Markets Will Be Unsustainable in 2019!

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Will the Fed cause a crash on purpose? Or is everything happening naturally? The Federal Reserve and other central banks had printed trillions but what happens when they turns off the tap?   MSCI EM Currency Index (MIEM00000CUS) – Investing.com https://www.investing.com/indices/msci-intl-em-currency 3.png (4770×2798) file:///Users/themoneygps/Desktop/3.png 2018-08-16_5-09-17.jpg (890×468) https://www.zerohedge.com/sites/default/files/inline-images/2018-08-16_5-09-17.jpg?itok=_SZ82TuD Tide about to turn for markets as easy-money … Read more