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by cjw_5110 My wife and I are first-time parents, and although we love our little string bean, we have been greeted by a complicated mess of insurance coverage and billing issues. Allow me to summarize: General note – my wife and I are on separate insurance through our jobs; her insurance is cheaper (100% company … Read more
AT&T this morning announced the launch of a second TV streaming service, called WatchTV, days after its merger with Time Warner. The lower-cost alternative to AT&T’s DirecTV Now will offer anyone the ability to join WatchTV for only $15 per month, but the service will also be bundled into AT&T wireless plans. This $15 per month price point … Read more
EM #equities struggling again… pic.twitter.com/LGbAvhb0On — jeroen blokland (@jsblokland) June 21, 2018 EM crisis spreads. #Hungary Forint plunges to all-time low vs. Euro. pic.twitter.com/C3aomc6VKN — Holger Zschaepitz (@Schuldensuehner) June 21, 2018 Emerging market currencies continue falling relative to the USD. … Wiping out investors’ view that emerging markets were the place to be. pic.twitter.com/7ZOeN6JosK — … Read more
by SP Dimitri Orlov in Three Blind Men and the Great Depression There is no shortage of collapse prognosticators that never tire of prognosticating that a financial calamity is right around the corner. I am not one of them; what I try to do is not prognosticate but explain. I take collapse to be something real—something that … Read more
Huge spikes in the convertible bond market don’t tend to last for more than a year at a time. And the top two years for convertible bonds in the internet era 2000 and 2007 were both quickly followed by market collapses.2018 is a record year for convertible bonds… bigger than the dotcom era. Don’t forget … Read more
https://www.youtube.com/watch?v=aU16fUhI5TA Ben Marquis for the Conservative Tribune reports, United States Ambassador to the United Nations Nikki Haley has been nothing short of a rock star in President Donald Trump’s “America First” administration, perhaps even surpassing his expectations when he initially appointed her to the post. Read More/Source/Credit/FairUse: https://www.westernjournal.com/ct/nik…
No traditional recession indicators raising their hands, but valuations are https://twitter.com/RecessionAlert2/status/1009848956208271362 With the caveat that a clear improvement in our measures of market internals would shift us to a neutral/constructive near-term outlook, the recent low-volume squeeze has returned the most reliable valuations we track to the highest 0.5% or less of historical extremes. Just FYI. … Read more
Professor Steve Keen explains why debt and credit matter, and use them to show why the 2007 crisis occurred. He shows why several of the countries that avoided a crisis in 2007 are on the verge of one today. It should be obvious: financial crises are caused by the financial sector, and its primary product … Read more
Greece🇬🇷: Euro zone hits ‘historic moment’ as it closes “successfully” eight years of financial support to Greece. “Successfully”: 180% debt to GDP 20% unemployment Annual Growth Rate 0.87% 1996-2018 Imagine what the EU would call “failure”. Greece🇬🇷: Euro zone hits 'historic moment' as it closes "successfully" eight years of financial support to Greece. "Successfully": 180% … Read more
NEW YORK (FOX5NY) – The Borough Hall subway station in Brooklyn is more than 100 years old and is known to have water problems. That issue led to a ceiling collapse on Wednesday. A 10-feet-by-10-feet section of ceiling tile came crashing down onto the 4/5 subway platform. Luckily, only one rider suffered a minor injury to … Read more
After scandals, collapses, and the government’s off-balance-sheet debt. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The United Kingdom, widely considered to be the birthplace of the modern incarnation of the public-private partnership (PPP), in which private firms are contracted to complete and manage public projects, could be one of the first countries to … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The end of an era spreads. Markets were surprised today when the Bank of England took a “hawkish” turn and announced that three out of nine members of its Monetary Policy Committee – including influential Chief Economist Andrew Haldane, who’d been considered dovish – voted to raise the Bank Rate to … Read more
by Michael Snyder What would the United States look like right now if 113 political figures had been gunned down since last September? Well, that is precisely what has happened in Mexico. Once upon a time, Mexico had a thriving economy and a very stable government, but now the nation is devolving into a Mad Max … Read more
“I REALLY DON’T CARE, DO U?” written on the back of Melania’s jacket, refers to the Fake News Media. Melania has learned how dishonest they are, and she truly no longer cares! “I REALLY DON’T CARE, DO U?” written on the back of Melania’s jacket, refers to the Fake News Media. Melania has learned how … Read more
by Tom McClellan After bottoming on April 3, the DJIA’s Price Oscillator has been making a bumpy up move. That is important because bumpiness or smoothness of a move carries important information. Our Price Oscillator is calculated using the same math as the McClellan A-D Oscillator, by finding a difference between two exponential moving averages (EMAs). … Read more
by J.G. Martinez of The Organic Prepper Did you ever wonder what the life of a mother in Venezuela is like? This is not a fictional story. It is a couple of days in the life of one of our best friends, in our country, under the current conditions. Her son suffers from diabetes. He is … Read more
Online retailers are going to be hit with an online tax, this will not help the retail industry, it will only hurt it. US homes are less affordable and many first time buyers are being pushed out of the market. The Philly Fed crashed as did new orders. This is not a good sign. Russia … Read more
BY JOHN MAULDIN There’s been a wave of public school teacher strikes around the US. It started in West Virginia and spread to Kentucky, Oklahoma, Arizona, and elsewhere. Pensions have been an issue in all of them. Demographic and economic reality says that younger teachers won’t get anything like the benefits they see current retirees receiving. And it’s … Read more
by SomeoneLikeYouToo First of all, we know for a fact, without a doubt that Hillary Clinton colluded with Russian agents and other foreign spies in order to obtain allegedly damaging information against her political opponent in the 2016 election. This part is not up for debate. Hillary Clinton colluded with Russian agents and paid them … Read more
by stockboardasset Russian foreign ministry Maria Zakharova on Wednesday expressed alarm over President Donald Trump’s order for the Pentagon to “immediately” establish a “space force” as an independent service branch. She informed reporters that Moscow is closely examining Washington’s plan to weaponize outer space. Russian Foreign Ministry spokeswoman Maria Zakharova addressing reporters on Wednesday. (Source: Albert Dzen/TASS) Here is … Read more