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by Tom McClellan Since the early 1990s, there has been a pretty good correlation between the movements of the DJIA and the spread between the 10-year U.S. Treasury yield and the equivalent yield for German sovereign debt. The German bonds are commonly referred to as “bunds”, shorthand for the German word “bundes”, meaning federal. This Treasury-Bund … Read more
by Brandon Smith There has been a longstanding narrative in economic circles that no matter what crisis occurs the U.S. dollar is essentially invincible. I have never been one to buy into this assumption. Reason 1: Because I remember distinctly just before the derivatives and credit crisis in 2007/2008 the majority of mainstream economists were so … Read more
https://www.youtube.com/watch?v=vOhFzr9QlUg
by Geoffrey Grider THE WHITE HOUSE SAYS PRESIDENT DONALD TRUMP’S MIDEAST NEGOTIATING TEAM WILL VISIT THE REGION NEXT WEEK AS IT FINALIZES ITS AS-YET UNVEILED ISRAELI-PALESTINIAN PEACE PLAN AND WILL HOLD TALKS ON DETERIORATING CONDITIONS IN THE GAZA STRIP. THE TRIP COMES AS OFFICIALS SAY THE TRUMP ADMINISTRATION IS NEAR COMPLETION OF THE PLAN WITH … Read more
by Martin Armstrong The State of New Jersey just keeps making it more expensive to operate a business in the state. New Jersey has now become the 10th state to adopt mandatory paid sick leave. It goes into effect on October 29, 2018. Giving sick leave to employees has been generally a standard in America. What … Read more
by John Ward Tory rebels have pushed Theresa May in the direction of a final Commons say on whatever Brexit “deal” emerges from the UK/EC negotiations, but Leavers deny this. 90 MPs rebelled against Jeremy Corbyn’s Brexit whips yesterday, but nobody seems to know in which direction they did so. The fight going on in the … Read more
Originally Posted at Free Market Shooter – Authored by Jon Hall Last week, CNN debuted Cuomo Prime Time – a show hosted by Fake News flunky and network “superstar”, Chris Cuomo. Despite the show being labeled as nonpartisan – it’s, of course, anything but. CNN head, Jeff Zucker said of Cuomo’s new show and their competitors: One of them has already convicted Donald Trump … Read more
by WARREN MOSLER Just a reminder (from 2015) as to why claims are this low: This is not population adjusted: We haven’t yet to recover from the last recession, in my opinion due to an ongoing lack of demand: Highlights The FOMC said yesterday that household spending has picked up and indeed it has. Retail … Read more
via independent.co.uk: Netflix has introduced new anti-harassment training in the wake of the #metoo movement that rocked Hollywood and seriously disrupted production on its House of Cards show. New rules imposed on set reportedly include no looking at anyone for longer than five seconds, no lingering hugs, no flirting and no asking for a colleague’s phone number. “Everyone was spoken to … Read more
Authored by Brendan Brown via The Mises Institute, Demand for financial engineers rises and falls with asset inflation. So there is nothing odd about these professionals now enjoying a good market for their services. But why is Big Tech such a large recruiter? The art (not science) of financial engineering – camouflaging a rise in … Read more
via news.com.au: In 1870, gold was worth, on average that year, $18.93 per ounce. Today the gold price is chopping around the $1,300 per ounce level. That’s a 6,767% total gain. Impressive, sure, but that’s over a long time, almost 150 years. How has an investment with gold kept pace with inflation? According to the Bureau of … Read more
by Chris Black President Trump tweeted yesterday that the news coverage by the “usual suspects” (read WaPo, CNN, ABC, CBS, NYT etc.) of the Singapore summit with North Korea’s dictator Kim Jong-un has been so negative, so dishonest and so distorted, that he said: enough is enough. He further tweeted that the biggest enemy America … Read more
by Simon Black This morning I had the pleasure of being buried in a mountain of paperwork– the penalty for trying to do basically anything in the financial system these days. It seems that everything, from sending a wire transfer to establishing a new account, comes with endless bureaucratic hoops to jump through as you’re forced … Read more
12 Things You Need To Know About The Inspector General’s DAMNING Report on The FBI’s Hillary/Trump Conduct. FBI Agents Lisa Page and Peter Strzok Texted About Stopping Trump. As already reported, Strzok texted Page that he would “stop it” – it being Trump’s election. This is a damning indictment of his political bias. The IG report found that … Read more
BY JOHN MAULDIN The Institute of International Finance (IIF) has released a worrisome report about the state of global debt, which includes this note about US corporate debt: US non-financial corporate debt hit a post-crisis high of 72% of GDP: At around $14.5 trillion in 2017, non-financial corporate sector debt was $810 billion higher than it … Read more
by Martin Armstrong QUESTION: Hi Marty, Two questions: 1. When the Canadians said they never look at “those things,” what “things” are they talking about? 2. I always like lowering taxes, if the remaining revenue will be spent wisely. (In our dreams). But as a lawyer in the Austin area, I can assure you that … Read more
https://www.justice.gov/file/1071991/download
While I know the report is supposed to be primarily about discovery, I found the list of “recommendations” at the end to be insulting, considering most of them are basically “oh, we got caught, how can we prevent that in the future.” Any thoughts on this? • We recommend that the Department and the FBI … Read more
I would not go to Mexico if ya paid me and I used to love that place. Best beaches ever… sad MEXICO CITY – Mexicans are among the biggest soda drinkers in the world, so residents of the southern city of Ciudad Altamirano were hit hard when first Coca-Cola then Pepsi closed their distribution centres … Read more