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by WARREN MOSLER A weaker than expected print due to auto sales which have been volatile, but charts show it’s still chugging along at a modest pace: Highlights A big drop in autos skewed industrial production lower in May, slipping 0.1 percent and missing what was an already soft consensus by 2 tenths. Manufacturing volumes fell … Read more
by Martin Armstrong There are some saying that Angela Merkel will be overthrown in a matter of weeks and others saying that there is no plot to remove her. Nevertheless, scandal rising in Germany over the refugee crisis keeps brewing behind the curtain. Cyclically, 2018 may be a peak in Merkel’s career despite what people … Read more
Since the 2016 election, the FBI has used the full extent of its power in an attempt to undermine President Trump. Given the most recent revelations of potential bias from James Comey and other high-ranking FBI officials, the conflict has reached a uniquely heated level. However, this is not the first time a U.S. president … Read more
by Thinker Give Gowdy Jeff Sessions job, then American will know the guilty will be prosecuted to the fullest extent of the law. Jan. 2018, ‘America’s Newsroom,’ the Republican lawmaker Trey Gowdy sounds off on the ‘troubling’ text messages between Peter Strzok and Lisa Page. A politician who continued to show evidence of fraud in … Read more
by Thinker At long last, the American people may FINALLY get some answers with regards to the Obama administration’s infamous g*n trafficking scandal dubbed “Fast and Furious.” As the leftist progressives continue to look for non-existent Russian boogie men under their beds, the Trump administration is promising to release the documents pertaining to the scandal … Read more
by Charles Hugh-Smith Rising wedges tend to lead to declines, so ignore them. At long last, we have reached the Nirvana of consensus: the stock market is heading to new all-time highs. Even the perma-Bear camp seems to have accepted the inevitability of new all-time highs ahead: The FANG stocks are hitting new highs, the Russell … Read more
by Martin Armstrong Mario Draghi said the euro-area economy is strong enough to overcome increased risk, and therefore this justifies the European Central Bank’s decision to end bond purchases bringing to an end a decade-long failed experiment. The truth behind this statement is starkly different than being portrayed in the press. Draghi also pledged to keep … Read more
by Martin Armstrong May was an important turning point in Southeast Asia. The corruption that has engulfed the previous Malaysian government centered around a sovereign wealth fund involving Goldman Sachs has rocked the entire Malaysian peninsula. The national debt, which was believed to have been $170 billion, appears to be more like $250 billion of 80% … Read more
by DCG Back on September 25, 2017, Comedy Central debuted “The Opposition” with Jordan Klepper. About the show, from Wikipedia: “The Opposition with Jordan Klepper is an American late-night talk and news satire program that premiered on Comedy Central on September 25, 2017. The show is hosted by comedian Jordan Klepper, a former correspondent on The Daily Show, and satirizes right-wing politics. It airs each Monday through … Read more
via medicalxpress: The World Health Organization says some obsessive video gamers may really have an addiction. In its latest revision to a disease classification manual, the U.N. health agency said Monday that compulsively playing video games now qualifies as a mental health condition. The statement confirmed the fears of some parents but led critics to warn … Read more
via CNBC: There is a serious lack of trust in social media such as Facebook and Twitter and consumers expect brands that advertise on such platforms to urgently find solutions, according to research published Monday. Privacy concerns and the circulation of fake news are contributing to people’s distrust of content on social platforms, said the study by public relations … Read more
Nobody wants to use the ‘B’ word, but a bubble is upon us, a growing number of market watchers are warning. And it could pop sooner than many expect, Centricus Asset Management Fund Manager Ralph Jainz said Monday. Assets like tech equities are becoming increasingly expensive whiletraditionally defensive stocks like healthcare, pharmaceuticals and telecoms are … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter When consumer products companies, retailers, oil-and-gas drillers, manufacturers, and other companies complain that shipping goods within the US is confronting them with soaring costs, capacity constraints, and delays, they’re not making this up. Trucking companies and railroads – an infamously cyclical industry that suffered through the “transportation recession” from 2015 through … Read more
Some proof being wise in the beginnings of Idiocracy is frowned upon. This kiddo WORKED, not WHINED, his way through school. In a world where everyone gets a participation trophy, something amazing happened on a highway in Wake County, North Carolina, where a father refused to let his son’s amazing accomplishments go unnoticed, for fear they might … Read more
by Yojimbo Did you hear about this patriot on the Hoover Dam? What do we do if nothing comes of the IG Report?
And more is coming. I just got word that Tamarack City is being evacuated because a dam is about to give. More storms are at their doorstep. HOUGHTON, Mich. — Storms moving across the Upper Peninsula washed out several roads in the Houghton and Hancock areas and created dozens of sinkholes across the Keweenaw Peninsula. … Read more
Designing an effective printed circuit board is a difficult and a challenging task requiring sufficient amount of endeavors from the PCB designer. After designing the printed circuit board; comes the task of selecting components for your PCB. Choosing components is a highly essential part and must be done carefully as your components only decide between … Read more
There are many things you should consider before you take a trade, which, for a beginner, can be quite overwhelming. Most traders make poor decisions because they either missed or ignored an essential step in the trading process. More than 70 percent of stocks with the market. That means if your general opinion of the … Read more
The purpose of investment plans is to help an individual attain their financial goals over a certain period of time. Investment plans are meant to be helpful for the individual who is opting for the plan. The plans are meant to keep in account the current financial status of a person and help to improve … Read more
by John Rubino Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of oil. But the US dollar (aka the petrodollar) is also up, which compounds the problem because oil is priced in dollars. So Brazil, for instance, finds itself buying an appreciating … Read more