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by Thinker Barclays is facing a court battle over hundreds of millions of taxpayer pounds after 14 local councils filed a mass legal action against the bank. Greater Manchester, Bristol, Liverpool and Leeds are among the local authorities accusing the bank of fraud over loans to councils and other public bodies that were once worth … Read more
by Thinker How many times are people going to put themselves on the servings platter to be picked apart for saying or doing something stupid? Hillary Clinton just moved the spotlight on herself by Tweeting about which team the president of the United States is on. Which team was she on when she was first … Read more
by Thinker It’s so sad to see whole organizations being brought down over clearly is failed leadership. In the past months top leadership in the FBI,CIA, and DOJ have refused, recused, pleads of 5th, can’t remember, wasn’t me in hearings. Don’t blame the whole department for the few who couldn’t say no to whatever is … Read more
by Thinker How long have so many Americans waited for the truth they knew that wasn’t exposed to the masses in the FBI investigations? What is being suppressed from the people that Trump feels is important for them to know? Trump transparency will expose all those who allowed money to be their “rule of law” … Read more
Enforcing The Law Is Inherently Violent. Law professors and lawyers instinctively shy away from considering the problem of law’s violence. Every law is violent. We try not to think about this, but we should. On the first day of law school, I tell my Contracts students never to argue for invoking the power of … Read more
by FS Listen to this podcast on our site by clicking here or subscribe for a free trial by clicking here FS Insider recently interviewed Russell Napier, well-known financial historian and co-founder of the Electronic Research Interchange (ERIC), to discuss a breakdown in the global monetary system, primarily with emerging markets linked to the US dollar, given the strains this … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Trade wars in the auto industry are not uncommon. It’s just that the US has lost them so far. So-called “trade wars” are neither new nor uncommon for the US and its trade “partners.” The US automotive industry has seen its share, all of which the US has lost so far, … Read more
I believe the key will not be 2Q earnings, but guidance. If guidance is vague or not confirmed, stocks may fall aggressively. Most companies may beat, but remember the vicious falls in 1Q when stocks simply met estimates or reiterated guidance h/t @dlacalle_IA
Total Consumer Credit Owned and Securitized, Outstanding University of Michigan consumer confidence index at 97.1 in July shows a modest slowdown, but still highly positive. Most interesting is the drop in households’ long-term inflation expectations. Who would have guessed? US 🇺🇸 University of Michigan consumer confidence index at 97.1 in July shows a modest slowdown, … Read more
Additional #debt is 5x higher than the associated global growth. In the around 90% Debt to #GDP is the upper limit on growth derived from debt. As long as we remain above 90% the #economy stays stagnant. https://twitter.com/OccupyWisdom/status/1018652684121968641
by TFittonJW Background….Court transcript worth reading…https://www.judicialwatch.org/press-room/press-releases/federal-court-orders-doj-to-begin-searching-and-producing-fusion-gps-records-in-response-to-judicial-watch-lawsuit/ Background vid discussion:
One is imaginary, makes people “feel” #wealthy, encourages #debt, and comes crashing to reality when bubbles burst. One is real, makes people actually wealthy, encourages investment and spikes when bubbles burst https://twitter.com/OccupyWisdom/status/1018915633835249665
U.S. Treasury Secretary Steve Mnuchin said some oil buyers could get waivers to continue buying Iranian supplies despite American sanctions on the Middle Eastern country. Concerns about the aggressive U.S. policy to remove Iranian barrels from the market have raised oil prices in recent weeks. Oil prices slipped earlier on Monday as concerns about supply … Read more
by coquinaa What to Look for Before Purchasing Stock Technicals Support levels, micro(15,30,1hr,4hr) and macro(daily,weekly, monthly, yearly). Resistance levels, micro and macro(same as above). Trend(is it bullish, bearish or currently consolidating)? • Make sure to look at micro and macro scales Mental stoploss (should be near the bottom support level on the trend that you … Read more
by BR-Technicals Keeping an Eye on China Key Points China is the world’s second largest economy after they had their own industrial revolution. The economy is run by the government through their “5-Year Plans.” Chinese stocks may be signaling a slowdown in the economy, which could put the global economy in trouble. The Renminbi … Read more
by DCG From NY Post: Federal authorities have indicted eight MS-13 gang members in the U.S. illegally who used machetes and other weapons to carry out a string of violent attacks against rival gang members in North Texas last year. U.S. Attorney Erin Nealy Cox said Friday that the street gang is one of the largest in the U.S. … Read more
The streaming giant added 5.15 million subscribers during the period, less than the 6.2 it had forecast in April. Netflix shares dropped significantly on Monday after it reported slower subscriber growth than expected. The streaming giant, which has seen user growth slow in the U.S. as it nears market saturation, had been counting on its … Read more
