Technically Speaking: Bulls Charge Into “Trade War”

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by Lance Roberts On Monday, stocks opened higher as the bulls pushed the market above overhead resistance. In this past weekend’s missive, I updated our ongoing “pathway” analysis which continues to drive our overall portfolio positioning currently. To wit: “As shown by the reddish triangle, the ongoing consolidation process continues. Eventually, this will end with either a bullish … Read more

Doug Casey on the Crisis in Argentina

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Via Casey Research Justin’s note: Argentina is teetering on the edge of a full-blown crisis. Its currency, the peso, is in free fall. Inflation is skyrocketing. And foreign investors are fleeing the country. In short, it’s starting to feel like 2001 again. So, it’s no surprise that the Mauricio Macri government is doing everything it can … Read more

Short Sellers and Options Traders Bet on More Deutsche Bank Pain

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via Reuters: Short sellers and derivatives traders are betting Deutsche Bank’s (DBKGn.DE) share price recovery will prove temporary, with data suggesting short interest in the German lender is the highest of any global bank. Germany’s largest bank saw its shares slump to near record lows last week after a credit rating downgrade, reports the U.S. regulator … Read more

“I WOULD ANSWER IF YOU WOULD STOP TALKING!” Sarah Sanders SHUTS UP Race Baiting Reporter

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https://www.youtube.com/watch?v=dj2DiRCWPOg “I WOULD ANSWER IF YOU WOULD STOP TALKING!” Sarah Sanders SHUTS UP Race Baiting Reporter Today Sarah Sanders and April Ryan Went At It Over The National Anthem And Philadelphia Eagles white house trip President Trump got cancelled on by the eagles so he went ahead with cancelling it all president donald trump press … Read more

Former FEC Chair: FEC Complaints ‘Absolutely’ Biased Against Republicans. Democrat Ann Ravel says liberal groups responsible for most complaints

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via freebeacon: Ann Ravel, the former Democrat chair of the Federal Election Commission (FEC) who wanted to regulate Internet speech, said that complaints brought before the commission are “absolutely” biased against Republicans. Ravel made the comments during an interviewwith the alumni magazine of U.C. Berkeley, her alma mater where she is now a lecturer at its law school. When … Read more

McDonald’s CEO says ROBOTS are better

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McDonald’s CEO: We are evolving the business in a meaningful way from CNBC. McDonald’s has been systematically adding self-service ordering kiosks and table service to stores as it works to “build a better McDonald’s.” “What we’re finding is when people dwell more, they select more,” CEO Steve Easterbrook said. “There’s a little bit of an … Read more

Social Security dips into reserves – “get ready for 2/3 benefits” in a few years

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Social Security trust fund again projected to run dry in 2034 via marketwatch: Medicare’s finances were downgraded in a new report from the program’s trustees on Tuesday, while the projection for Social Security’s stayed the same as last year. Medicare’s hospital insurance fund will be depleted in 2026, said the trustees who oversee the benefit program in … Read more

What inflation means for gold prices

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What I can say with full confidence, though, is that prices will rise – for producers and consumers alike – which is good for gold but a headwind for continued economic growth. From Frank Holmes at Frank Talk: Higher Inflation Has Historically Meant Higher Gold Prices The good news in all this is that higher inflation … Read more

Schultz: The $21 Trillion U.S. National Debt Is the ‘Greatest Threat… Total U.S. Public Debt & Interest Expense Hit a New Record High

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Howard Schultz: The $21 trillion national debt is the ‘greatest threat domestically to the country’ – CNBC Howard Schultz rips Democrats for veering too far left from CNBC. “I think the greatest threat domestically to the country is this $21 trillion debt hanging over the cloud of America and future generations,” Schultz tells CNBC. He … Read more

Cable News: Everything Is ‘Constitutional Crisis’

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The Chicken Littles of cable news are in a full-scale panic over the latest fantasy disaster that hasn’t happened yet. Over the weekend, TV talking heads burst into flame in anticipation of the supposed “constitutional crisis” that might ensue if President Trump were to pardon himself – which he has not done, and which his … Read more

Personal Savings Rate down to 2005 levels

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by wanmoar This is a chart of the % of disposable income put toward savings in the U.S. compared to inflation and prevailing 3 month CD rates. Personal Saving as % of Disposable Income Infogram As is clear, it was a secular downtrend until Q3 2005 starting what was to be an 8 year upward drift to … Read more