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Global Yield Curve Has Inverted for 1st Time Since 2007 Dow transports could soon be in ‘jeopardy,’ and it could spell trouble for stocks, says trader The Dow transports-tracking ETF (IYT) has fallen more than 3 percent in the last month, and TradingAnalysis.com founder Todd Gordon says there are troubling signs that it could fall … Read more
via Mises Institute: Let’s say that you live below sea level, in an area prone to flooding. In fact, every time it rains heavily for more than an hour or so, built-in drainage systems get overwhelmed and and water starts backing up. What causes the flooding? The rain causes the flooding. The flooding is a … Read more
via palisade-research: Yesterday – bank stocks recorded their longest losing streak – ever. The S&P 500 Financial Index is down for the 12th straight day. The irony of this is that for the last year we’ve seen stocks rally on the expectations that the banking sector would do well from Trump’s tax cuts, looser regulations, and most importantly – rising rates. … Read more
https://youtu.be/7rt_7hPIPaM The European Central Banks are in a bind; what to do about rate hikes? Danielle DiMartino Booth joins Bart to discuss . On the other end of the spectrum, Bart talks with Nomi Prins as they examine how central bankers colluded and rigged the world in their favor! We’re on part 2 of Dan … Read more
by Dave BTC high level view with Weekly closes. Note the volume decline… (bottom of chart) Local Resistance above here is at approx 6450 (red horizontal, now very strong as we have broke through) Local Support at 5800 area (light blue horizontal) I suspect there maybe few more baby dead cat bounces in between but … Read more
https://www.youtube.com/watch?v=RRTm1DXQ7C0 Most of the American People doesn’t even know what the word “Fascist” means. But they sure know what “Spring Break” means. AC
When we like something, we easily get attracted to it. Similar, when traders like the Forex market they simply get attracted to the market. You may have to deal with a lot of issues to find a place in trading, but still, once you settle for a successful trading path you would have no worries. … Read more
Everything comes with a price tag. Yes, the weather and air quality, too! Research led by NCAR (National Center for Atmospheric Research, states that every sector of economies such as agriculture, manufacturing, and finance is very sensitive to the changes in weather. Even a minor change in the atmosphere plays the major role in the … Read more
Facebook decided that cryptocurrencies are not that dangerous and allows advertisers back in. Core durable goods decline. Pending homes sales decline during the hot time for real estate. Mnuchin back tracks and tries to explain the China investing scenario. The IMF warns of an economic shock and says the EU countries need to work together … Read more
Judge rules Trump has 30 days to reunite all families. DOJ won’t release top secret documents to congress, this looks like it is RR who is stuck and he will be screwed no matter what he does. Afghan President wants to meet the Taliban leaders to discuss peace. Deep state and the central banks want … Read more
A massive survey of recent homebuyers reveals all. By Stephen Punwasi, Better Dwelling: Have you ever woken up after a night of drinking, and only had a vague recollection of what happened? Then your responsible friend sets off a chain of text messages, trying to figure out where you went wrong? Well that’s what the Canadian … Read more
by WARREN MOSLER Highlights Disruption tied to a fire at an auto supplier not only pulled down the previously released manufacturing component of the industrial production report but it also helped pull down durable goods orders in May which fell an as-expected 0.6 percent. Vehicle orders fell 4.2 percent in the month with vehicle shipments down 4.4 percent. … Read more
via ZeroHedge When discussing how the current market has changed in the past year, Morgan Stanley’s cross-asset strategist Andrew Sheets said yesterday that one of the things that stood out to him at recent meetings with clients and conferences is that “China is rarely mentioned as a growth concern (after causing angst for much of this period).” This … Read more
by Shaun Richards This morning has brought news of something which would bring a chill to the heart of any central banker. It comes from China as we note this from Reuters. So far this year, the Shanghai stock index is down 14 percent, the CSI300 has fallen 12.4 percent while China’s H-share index listed … Read more
by DCG The Good Reverend founded his non-profit National Action Network (NAN) back in 1991. It’s designed to increase voter education and provide services to those in poverty. Sharpton has a net worth of $500,000. According to The New York Times, Sharpton and his for-profit businesses owe $4.5 million in state and federal taxes as of November 2014. Yet somehow this … Read more
https://www.youtube.com/watch?v=bYeNWoRXLY8 For More Information See: https://theintercept.com/2018/06/25/a… https://theintercept.com/document/201… https://goo.gl/RXC2L3
https://www.youtube.com/watch?v=xOkfSWSxtHA Jack Davis for the Western Journal reports, Lest the voters have an unfettered choice of candidates, 25 states have introduced legislation targeting President Donald Trump to keep him off the ballot in 2020. Read More/Source/Credit/FairUse: https://www.westernjournal.com/to-pre…
by warrenfgerald Just looking at economic headlines for the past 24-48 hours…. Mortgage applications… Down. Existing home sales… Down. Durable goods orders…. Down. Consumer confidence…. Down. Pending Home Sales… Down. What is up?… New Home Sales…. Up. Conference Board Leading Economic Indicator Index…. Up. Jobless claims…. Down (which is good). It’s only one day’s worth … Read more
via BBG Investors fretting over the recent drop in emerging-market stock indexes may find comfort by drilling down into the details. Since June 18 — the evening U.S. President Donald Trump seemed poised to escalate the trade war by pledging tariffs on an additional $200 billion in Chinese exports — through Tuesday, the MSCI Emerging Market Index … Read more
by Thinker For anyone who does even a modicum of research, the 2008 financial crash was not just a cyclical ‘bump’ in the credit cycle, but an actual death event for the entire financial system. And this is primarily why central banks like the Fed, ECB, and BOJ have had to constantly fund their ‘life … Read more