via The Future of Freedom Foundation: “What do you have to lose?” Such was the grand sum total of Donald Trump’s appeal to minority voters in his presidential campaign. Essentially, “Yes, I have nothing to offer you and don’t care about you, but how well are you doing having voted for Democrats decade after decade?” … Read more
by Michael Snyder One of the primary reasons why the middle class in America is disappearing so rapidly is because of skyrocketing health care costs. Families all over the country are being absolutely crushed by extremely high health insurance premiums, ridiculously high deductibles and very large out-of-pocket expenses that were not anticipated. In fact, medical bills are the … Read more
by Michael Snyder We haven’t seen anything like this since Hawaii first became a state back in 1959. Kilauea began erupting on May 3rd, and it hasn’t stopped rumbling yet. In fact, authorities are telling us that Hawaii has been struck by “over 12,000 earthquakes” during the last 30 days. That is an extraordinary amount of shaking, and … Read more
Venezuela recovers its gold from Citigroup. Argentina is trying to move away from the central bank. The IMF is pushing austerity on the people and the people are angry. There are now more job openings than there are unemployed people to fill them. So then why don’t we see people switching jobs and want don’t … Read more
via Jill Mislinski Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Veterans in this industry are saying this is the best freight market they have ever seen.” But shippers struggle with rising costs. Orders for Class 8 trucks – the heavy trucks that haul trailers across the US – surged 114% in May, compared to a year ago. With 35,200 orders, it … Read more
By Lance Gaitan You usually find me sifting through important economic data and analyzing how it’ll affect the Treasury market. That’s my wheelhouse. We’ll get to that stuff soon, after we talk about the forces (political and otherwise) that moved the markets. Last week, political volatility at home and abroad left its mark on stocks, commodities, and … Read more
via Zerohedge: Being a Chief Investment Officer at Soros Fund Management, the $26 billion family office run by billionaire George Soros who reportedly lost $1 billion following the Trump election as a result of bearish market bets, is not easy: recall that in August of 2016, Ted Burdick, the former CIO and veteran Soros employee, stepped down … Read more
by Simon Black This morning after my plane landed from Bangkok, I was having breakfast in the business lounge in Sydney and glanced at the local paper, The Australian. The front-page headline told the story of yet another banking scandal: “Cartel case nets six bankers” The article was about how six prominent investment bankers in Australia colluded … Read more
by Dave Kranzler of Investment Research Dynamics The propaganda laced with bold lies is enveloping the media. The JOLTS report (Job Openings and Labor Turnover) released today alleges that the number of job openings in April hit a record. Of course, the April number was based on large revisions to previous data. The number reported is also “seasonally … Read more
From Real Engineering: In 2005, a new submarine proved so threatening that the U.S. leased its technology in order to counter the silent threat…
This week, financial advisor Mike Mitchell answers a listener question: “I have a 403(b) retirement plan with $250,000 in it. Can this amount be rolled over to another self-directed retirement vehicle?” – Ben B. (FTM Platinum Member) According to Mike Mitchell, there are at least three ways to rollover your 403b to another retirement plan. … Read more
https://www.youtube.com/watch?v=vIEYQSBxtZw Tolerance for each other, bottom line we all bleed the same way. SG
via Financial Sense® Wealth Management Deutsche Bank credit default swaps (insurance against default risk) are moving back up today: Unicredit (Italian Bank) CDS moving back up after a 2-3 day respite while its stock price remains weak: Monte CDS moving back up: French CDS moving back up: Italy CDS moving back up: There has been absolutely NO … Read more
by Disobedient Media Over the past few months, many questions have been raised regarding the ‘mysterious Maltese Professor,’ Joseph Mifsud, and his involvement in the Trump – Russia saga. Disobedient Media broke coverage of Joseph Mifsud’s connections to UK intelligence, as well as the connection of Russiagate’s central ‘witnesses’ to British Intelligence, Disobedient Media was also the first outlet to … Read more
via Schiff A lot of seemingly positive economic data came out last week, but in his most recent podcast, Peter Schiff said it is just feeding into a delusional economic narrative that ignores the most fundamental storyline – debt. Everybody is talking about a new era of prosperity, but Peter said it’s a phony prosperity and … Read more
Archive: http://archive.is/5AmGf From the article: “U.S. border agents made more than 50,000 arrests in May for the third month in a row, the Department of Homeland Security said Wednesday, an indication that escalating enforcement tactics by the Trump administration — including separating migrant parents from their children — has not had an immediate deterrent effect.” Um, … Read more
From the Daily Mail no less. The videos of the AZ suspected sex trafficking camp have finally got some attention. But, it is a reasonable way down the page! via Daily Mail : Abandoned camp near Tucson, Arizona, was uncovered by Veterans On Patrol Campaigners claim the site was used to imprison and sexually abuse children … Read more
I call bs … voter fraud already AC
https://www.youtube.com/watch?v=nLfVPxswkdA The death toll from the Fuego volcanic eruption rose to at least 75 while the search for over 200 missing people continues, as seen on footage filmed in Los Lotes on Tuesday. Furthermore, as many as 3,200 people have been evacuated with 2,000 being accommodated in shelters according to official figures. READ MORE: https://on.rt.com/96wg