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https://www.youtube.com/watch?v=Ujjk7qOr7lQ As more information continues to come in, it is becoming apparent something stinks in Puerto Rico. The FBI has already made 3 arrests, including one mayor, while another and more infamous mayor becomes the target of her own federal investigation. Who is to blame for the poor response to disastrous hurricane Maria?
Loans backed by stocks looked like safe bets as Chinese stocks marched higher over the past two years, however a $2 trillion selloff since late January is rapidly eroding the value of brokerages’ collateral.” $1 trillion worth of Chinese stocks has been pledged as collateral for loans h/t @dlacalle_IA
When one central stops printing, another one takes over. Soon Europe stops printing after having printed 2500 Billion € since 2015 and I would not be surprised if the Fed starts another round of QE. It’s a game for them. All fiat currencies are going to ZERO. h/t @dlacalle_IA
via scmp: Divers off the South Korean island of Ulleungdo have discovered the fabled wreck of the Dmitrii Donskoi, a Russian warship that was sunk in 1905 and is rumoured to still contain 5,500 boxes of gold bars and coins said to be worth US$133 billion. The badly damaged Russian Imperial Navy cruiser was located by … Read more
Last night one of the “morals of the story” of a thread we posted was “Don’t miss the forest for the trees.” The chart below is a view of “the forest”, in its full glory. Cht originally via ISI Evercore, additional annotation by FFTT. #TreeRings you probably shouldn’t look at this chart #MARGINDEBT VS #SP500 … Read more
via spglobal: Singapore — The pace of growth in China’s crude imports may slow in H2 as a cocktail of lower runs at independent refiners, potential delays in the start up of some refineries and higher inventories curb the appetite for cargoes by Asia’s largest oil consumer. The first signs of feeble interest in cargoes were visible … Read more
by madcrypt0 http://www.businessinsider.com/after-subscriber-shortfall-netflix-should-disclose-churn-rate-2018-7 This data is not publicly available. Becareful with investing in Netflix. AC
via @pattidomm The Fed’s next rate hike and its commitment to keep hiking rates could cause the closely watched Treasury yield curve to invert— or flip—with shorter term rates rising above longer term rates. That so-called inversion is a sign of recession, and Natixis economist Joseph LaVorgna believes that the curve could invert after the Fed’s … Read more
by DCG Local sanctuary-loving progressives are not honoring ICE detainers and are releasing criminals back into their communities. Wait until you read the details regarding some of the crimes these illegal aliens committed and how the local county did not comply with ICE detainer requests. It will make your blood boil. This is why we need … Read more
by Martin Armstrong There are groups of Democratic Socialists that are stalking Trump’s staff and Republicans. White House Press Secretary Sarah Huckabee Sanders was refused service in the Red Hen Restaurantwhich is really no different than discriminating against someone because of their race. If it were over race, that action would be criminally prosecuted. Other angry protesters … Read more
via BBG Federal Reserve Bank of Minneapolis President Neel Kashkari wrote in a post “there is little reason to raise rates much further, invert the yield curve, put the brakes on the economy and risk that it does, in fact, trigger a recession.” He added “this time is different. I consider those the four most dangerous words in … Read more
by Martin Armstrong Believe it or not, Chinese start-ups have for the first time collected more venture capital than newly established US companies in the past quarter. This is reported by the South China Morning Post . Almost half (47%) of the venture capital used worldwide was spent on start-ups from the Middle Kingdom. The American start-ups were only just over … Read more
Watch the latest video at foxnews.com The wealthy liberal donor, who was an early supporter of Obama’s 2008 presidential run, told The Times that Obama was “actually my greatest disappointment,” before he was reportedly prompted by an aide to clarify that he was dissatisfied on a “professional level,” rather than with his presidency. At another … Read more
by Thinker The free ride is over and the living high on the taxpayers of America is in the past for the Obama’s. While they were in the White House, the promises, had Obama fulfilled them might have prevented the present day lifestyle. It would seem there were some who didn’t think there was even … Read more
by Thinker If you didn’t listen to the BBC interview with Chinese Ambassador to the United Nations, in the thread above, then you don’t understand or know deep state USA. They control the dark web and the world of drugs, pedophilia, and human trafficking. Africa has been the continent that has been bled to death … Read more
by Thinker How much money did everyone take to sell out the American people to protect the thieves of the missing trillions from the Pentagon, the drugs flowing into the U.S., and the babies moving across borders? Last night Kevin Shipp laid out a damning indictment of the Clinton’s and their crime syndicate associates. Kevin … Read more
We’ve all seen the ”This is extremely dangerous to our democracy” video, and this carries a similar weight and is inadvertently that but in text. 21 US Newspapers run identical letters slamming Trump’s Supreme Court pick At least 21 papers were duped last week, including big-market brands like the Dallas Morning News and The Washington Times. They … Read more
via The Phoenix The single most important bond in the world is the 10-Year US Treasury bond. This bond represents the “risk free” rate of return for a total economic cycle (roughly 10 years) denominated in the global reserve currency (the $USD). Put simply, this is THE bond to watch if you want to keep an … Read more
via PAUL KASRIEL The current level of the federal funds rate is 1.92%. As of June 13, 2018, the median estimate of Federal Open Market Committee (FOMC) members of the appropriate federal funds rate by the end of 2018 was 2.40%. This implies that the Federal Reserve has “penciled in” two more 25 basis point increases … Read more
Don’t worry about the recent weakness in gold and silver because renowned financial cycle expert Charles Nenner thinks they both will rise in price soon, but not until after a bit more pain for holders of precious metals. Nenner says, “Gold is going to enter a new bull market. The first cycle will bottom after … Read more