Argentina Secures $50 Billion in IMF Backing to Bolster Economy

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https://www.bloomberg.com/news/articles/2018-06-07/argentina-secures-50-billion-in-imf-backing-to-bolster-economy Argentina secured a $50 billion stand-by arrangement from the International Monetary Fund to help restore investor confidence as the government takes aim at double-digit inflation and a widening budget deficit. The rescue program’s size, which would run for 36 months, is the largest ever in IMF history though it will depend on how much … Read more

Hot U.S. Economic Growth Is Burning Companies That Can’t Keep Up

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by COMPUTER1313 via Bloomberg: As suppliers struggle with bottlenecks, the food distribution company said it is having trouble keeping shelves stocked and paying higher transportation costs. “Higher demand is pressuring our supply chain,” Chief Executive Officer Steven Spinner said on a conference call after reporting results late Wednesday for the fiscal third quarter. “A headwind from … Read more

Bloomberg article today: Are corporate earnings incredibly understated- as in $ Trillions?

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I have mixed feelings about Prof. Lev’s theory- aren’t you just frontloading the cost of these intangibles into early years resulting in higher profits on books later, so it “all comes out in the wash?” https://www.bloomberg.com/news/articles/2018-06-06/what-s-a-stock-worth-in-new-economy-accounting-has-its-critics On paper, Autodesk Inc. is a bit of a mess. It’s been losing money for almost three years, and its book … Read more

Free credit freezes coming

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Read more at https://www.consumer.ftc.gov/blog/2018/06/free-credit-freezes-are-coming-soon-0 When the law takes effect in September, Equifax, Experian and TransUnion must each set up a webpage for requesting fraud alerts and credit freezes. The FTC will also post links to those webpages on IdentityTheft.gov. And if you’re in the military, there’s more. Within a year, credit reporting agencies must offer free … Read more

US consumer borrowing growth slows in April

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Americans increased their borrowing in April at the slowest pace in seven months, dragged by a big slowdown in the category that covers auto and student loans. Consumer debt rose $9.3 billion in April after a gain of $12.3 billion in March, the Federal Reserve reported Thursday. It was the smallest monthly increase since a … Read more

Canada passes bill legalising marijuana. This is an emerging sector for investors.

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A key legislative hurdle has been passed as Canada moves closer to legalising recreational cannabis. Canadian senators passed the Cannabis Act by 56 votes to 30 with one abstention after studying the landmark legislation for six months. Prime Minister Justin Trudeau has committed to making marijuana legal by this summer. Canada will be the first … Read more

Deutsche Bank, Brazil, Turkey, EU Growth Slowing, EM dollar shortage, global Gov’t Yields moving higher, trade wars, Fed balance sheet roll off, nearing end of the credit cycle, ect… Jesus help us all

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Deutsche Bank, Brazil, Turkey, EU Growth Slowing, EM dollar shortage, global Gov't Yields moving higher, trade wars, Fed balance sheet roll off, nearing end of the credit cycle, ect… Jesus help us all — Alastair (@StockBoardAsset) June 7, 2018 WOW –> $BRLUSD versus .@NewYorkFed Balance Sheet … fed is triggering EM Crisis pic.twitter.com/mGGA0YZRrg — Alastair … Read more

ICE: ILLEGAL IMMIGRANTS GO TO PRISON!

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The Trump administration has started moving up to 1,600 immigration violators awaiting deportation hearings into federal prisons, a first-of-its-kind transfer that shows how many more immigrants are being rounded up under the president’s push to crack down on illegal immigration. An Immigration and Customs Enforcement official said Thursday that the agency entered into an agreement … Read more

BREAKING: NASA finds ORGANIC matter on Mars!

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via CNN: Organic matter has been found on Mars in soil samples taken from 3 billion-year-old mudstone in the Gale crater by the Curiosity rover, NASA announced Thursday. The rover has also detected methane in the Martian atmosphere. The search for life outside Earth focuses on the building blocks of life as we know it, which includes … Read more

BREAKING: Criminal indictment unsealed!: Senior Senate staff member arrested for leaking classified info to press!

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by sundance In a just released 11-page federal indictment (full pdf below) a Senior Staff official for the Senate Select Committee Intelligence, James A. Wolfe, has been identified as leaking secret and top-secret classified information to multiple media sources.  Mr. Wolfe was arrested Thursday night by federal marshals.  (direct link to justice pdf) According to the indictment, Mr. Wolfe (58, … Read more

ARE YOU KIDDING!?! Sessions Decision on Awan Brothers Will Make Your BLOOD BOIL!

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https://www.youtube.com/watch?v=8DLtxUrI9Uk Jim Hoft for the Gateway Pundit reports, Daily Caller investigative journalist Luke Rosiak joined Lou Dobbs to discuss the latest in the Imran Awan Pakistani hacking scandal. Imran Awan worked for Debbie Wasserman Schultz for thirteen years since she came into office in 2004 as a Florida representative. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…

ET: The Awan Congressional Scandal

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https://i.redd.it/9kouq9jo1o211.jpg ET: The Awan IT Scandal Put Congressional Data at Risk The emails and personal files of at least 44 House Democrats could have been stolen and transferred overseas by their own IT workers, in a scandal that has been quietly brewing in Congress. At the center of the controversy are Imran Awan, his brother Abid … Read more

How Investor Psychology Has Reached a Critical Juncture

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It happened just weeks before the historic October 2007 stock market top: Investors had “become utterly unconcerned with risk,” as the September 2007 Elliott Wave Theorist remarked. With that in mind, this update on investor psychology should interest every market participant … https://www.youtube.com/watch?v=qIvrkmsY6mM

66th Bilderberg Meeting Takes Place In Turin, Italy

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by Disobedient Media The 2018 Bilderberg Meeting is currently taking place in Turin, Italy. The meeting is scheduled to begin today, and end on June 10th. According to an official press release, participants will give special focus to political issues such as the growing wave of populism in Europe and the Middle East’s regional conflict between Saudi … Read more