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More than $1 trillion in stock-backed loans close to margin call eruption — Daniel Lacalle (@dlacalle_IA) July 17, 2018 Morgan Stanley is cashing in on risky, stock-backed loans (2017) Morgan Stanley revealed Tuesday that it’s making a bundle selling risky loans that allow its clients to use stocks and bonds as collateral. The Wall Street … Read more
via businesscycle: Stealth Slowdown Unfolding Wall Street is too optimistic on the economy, veteran forecaster warns from CNBC. As the chart shows, real personal income and consumer spending growth are both in cyclical downturns. Contrary to the notion of a “strengthening” economy, consumer spending growth has fallen to a 4 ¼-year low, as personal income growth continues to undershoot … Read more
by GoldSilver If you are a dedicated precious metals investor, you might be sick and tired of being told to be happy about falling prices. You don’t want to hear that Warren Buffett famously opined that the one and only time he wanted to see a stock price rise was immediately prior to selling it, since … Read more
The International Monetary Fund (IMF) has warned Eurozone growth could be derailed by escalating trade wars and the threat of more tariffs on goods from the US. via PAUL WITHERS The fund said it had cut its 2018 growth forecasts for Eurozone countries, including Britain, because of softer-than-expected first quarter performance coupled with tighter financial conditions due to … Read more
by WARREN MOSLER Mixed bag again, as auto sales contributions are volatile in a generally softening auto market. And the Fed estimates the tax cuts and spending increases will add about .4-.5% to GDP this year. Also, the spending numbers are not inflation adjusted, and year over year cpi has been moving higher: Highlights Strong … Read more
They aren’t even trying to hide it any more, the Deep State wants a Civil War and Coup De Etat to overthrow a democratically elected President and re-capture power over the American People. They are openly calling for a Coup, and the Left Cheers. It’s funny watching them become the Nazis they claim to be … Read more
Industrial Metals & CRB Index slammed
From CNBC: Billionaire hedge-fund founder Ray Dalio says artificial intelligence and automation are improving productivity but also causing such a dramatic wealth gap that “a national emergency should be declared.” The co-chief investment officer and co-chairman of Bridgewater Associates shared his thoughts in a Facebookpost on Thursday. Dalio says he was responding to a question about whether machine intelligence … Read more
via metro.co.uk: Don’t tell the Hatton Garden gang: scientists just unearthed an eye-watering hoard of diamonds, so valuable it would completely destroy the world’s economy. The scientists reckon there’s a quadrillion tonnes of diamond buried in the ‘cratonic roots’ in continents. There’s just one, tiny, catch: the treasure trove is buried 100 miles down, deeper than … Read more
Deputy Attorney General Rod Rosenstein was summoned to the @WhiteHouse this morning, reports @NBCNews. Deputy Attorney General Rod Rosenstein was summoned to the @WhiteHouse this morning, reports @NBCNews. — Steve Herman (@W7VOA) July 17, 2018 UPDATE— #BREAKING @PressSec says President #Trump will speak to reporters at 2:00 about his meeting with Re: Breaking—Rosenstein Summoned to … Read more
by stock_throwaway_123 Throwaway account since I’m giving actual dollar values here. I do data-driven short-term trading via a homegrown system, and I got burned by brokerage behavior I hadn’t known was possible. So, last month my system told me to short INNT from to June 18th to July 16th. I opened a short position on … Read more
http://www.ca5.uscourts.gov/opinions/pub/17/17-20364-CV0.pdf
S&P 500 dividend yield less 3-month T-bill yield – 3-Month Treasury Bill yield closes above 2% for the first time since June 2008. 10-year high.
“Eurodollar curve inverted e.g. in 2020 (Dec20 vs Dec!9). Since the start of the Greenspan era in 1987 this has either preceded a US recession, a pause in the Fed’s hiking pace, or both,” h/t @enlundm https://ndea.mk/2NiABOW People want to know what’s going on with the yield curve! Curve flattening is being googled the most … Read more
by Ian Shilling The Full Press Conference https://www.pscp.tv/w/1BRJjeoqEYBGw?t=1h19m53s Click on the date (July 16,2018) on each tweet below to view the short extracted video clip for that tweet. Trump declared: As of today the Cold War is over. So far it is just words & we shall have to see what happens, but the words from … Read more
by Adam Taggart Shutterstock Our good friend John Rubino over at DollarCollapse.com just released an analysis titled US Housing Bubble Enters Stage Two: Suddenly Motivated Sellers. He reminds us that housing bubbles follow a predictable progression: Stage One: Mania — Prices rise at an accelerating rate as factors like excess central bank liquidity/loose credit/hot foreign money drive … Read more
by Simon Black It was only a few day ago that Netflix was riding high. The streaming company had been nominated for a whopping 112 Emmy awards, more than any other network. And they’d further managed to unseat HBO’s 17-year reign as the undisputed king of Emmy nominations. That’s all fine and good. Netflix certainly has … Read more
In the 1980-1990s velocity was healthy and debt was manageable. In the mid 1990s velocity began its long collapse as government debt took over, accelerating after 2008. Concept request via @MI_Investments
Ocasio-Cortez Credits Prosperity Under Capitalism to ‘Course of Human Evolution.’ She granted that capitalism was temporarily the “most efficient and best” system, but that it must change “as we evolve.” “We’re starting to see that the people who create value in society are not experiencing any portion of the value that they are creating. So … Read more
A large, longitudinal, randomized, controlled study recently found that Tennessee’s pre-kindergarten program for low-income children had modestly NEGATIVE effects on academic achievement once the children were in the third grade. The program participants also had more disciplinary problems than non-participants, most of whom had stayed at home that year rather than participating in some other program. … Read more