What is a recession like?

by Zen ‘m 50, so I’ve lived through several. During the recession (s) in the early 1980’s I was a kid, and my father was in the military, so it didn’t affect us much. The peak unemployment rate in the 1981-1982 recession was actually slightly higher in most states than it was in the 2008 … Read more

Panic Is Everywhere!

In all regions of the world, panic selling equities has started. Libor continues to soar as EU & US Banks are now puking! pic.twitter.com/ayzm0Hbtlg — Alastair (@StockBoardAsset) June 27, 2018 https://twitter.com/Bamabroker/status/1011934863086284801 World Trade Volume Starts To Weaken. This Is A Warning! pic.twitter.com/00geh0VFtg — Alastair (@StockBoardAsset) June 27, 2018  

Student Loan Debt is Getting Ugly

via fee.org: n May 31, 2018, the total public debt outstanding of the U.S. government stood at $21.145 trillion dollars. Of that amount, $1.211 trillion was borrowed so that Uncle Sam could be in the business of making student loans. Over $1 trillion of that subtotal was borrowed after President Obama took over the student loan industry on March … Read more

Investor Alert: Global Yield Curve Has Inverted, Dow Transports Could Soon Be In Jeopardy, Yuan Tumbles…

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

Complacent Investors Are Blind To How Fragile The Markets Truly Are

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

BTC High Level Price Action Overview

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

Effects of Weather on Annual the American Economy

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

Mtg purchase apps, Durable goods orders, Pending home sales, Rental vacancy, International trade, Trump threat

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

Nomura: Here Is The Real Reason Behind The “Global Growth Scare”

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

The China housing crisis builds up steam

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

Al Sharpton received $437,555 bonus from his non-profit organization

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