Seattle renews contract with Wells Fargo because no other bank wants city’s business

by

by DCG Seattle socialist councilmember Kshama Sawant protests Wells Fargo More like no other bank wants to deal with socialist councilmember Kshama Sawant and the attacks on Seattle businesses. From Seattle Times: The city of Seattle will keep banking with Wells Fargo & Co. after it could get no other takers to handle the city’s business. The City Council … Read more

This Graph Shows That No Other Country Competes with the U.S. Military

by

by howmuch President Trump is busy implementing his “America First” foreign policy agenda on the world stage. He has withdrawn from the Iran nuclear deal, scheduled a meeting with North Korea, and rattled American trade partners with threats of tariffs. Amid all these news stories, it is easy to lose sight of the fact that Trump also just signed … Read more

CNN, NYT, ABC News, C-SPAN Take Trump Out of Context to Falsely Suggest He Called Immigrants ‘Animals’

by

via mediaite.com: President Donald Trump held a meeting on illegal immigration at the White House on Wednesday and one particular moment went viral… but for all the wrong reasons. Fresno County Sheriff Margaret Mims expressed her frustrations with the federal government to the president regarding the handling of criminal illegal immigrants and cited MS-13 gang members as an example. Responding … Read more

Give Me 5 Minutes and I’ll Prove Why You Must Sell All of Your Stocks and Buy Just THESE 4!

by

If it’s not completely clear to everyone at this point: Central banks print billions and billions of dollars. They buy shares or corporate debt. Stocks rise. Institutional investors follow suit. Retail investors tag along. As time goes on, there are fewer and fewer profitable trades, squeezing and narrowing the pathway. Eventually, only a handful of … Read more

Market Timing Beats Time in the Market (At Least Since 1871)

by

by portfolioperfection “Everyone agrees that it’s appropriate to divide the space of a portfolio between different asset classes,” i.e., dividing your portfolio between different asset classes (e.g., 60% stocks and 40% bonds). However, it remains controversial to divide the time of your portfolio between different asset classes as market conditions change, also known as market timing. It is an alternative … Read more

Every Day the Fed Allows Bond to Mature in QT, the S&P 500 Falls

by

https://twitter.com/northmantrader/status/996452701167812609?s=11 via The Macro Tourist: When Kevin Muir used to trade the S&P 500, he identified how Fed QE buying very directly affected the stock market. Not in some esoteric, debatable, tangential way, either. They pre-announced the days they’d be active in the markets. And huge bids popped up on those days, over and over. … Read more

Will the New Fed Get Rid of All its Mortgage-Backed Securities? That Seems to be the Plan

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Fed shouldn’t be getting into “allocating credit.” The new Fed has trouble taking shape. The seven-member Board of Governors, which is at the core of the policy setting FOMC, has four vacant slots. President Trump’s nominee for one of those slots, Marvin Goodfriend, has been hung up in the Senate … Read more

Argentina’s Crisis Gets Kicked Down the Road, but at What Cost?

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The peso drops again, inflation surges, nothing is fixed. Argentina was able to refinance about $26 billion in maturing peso-denominated short-term government debt, called Lebacs, but at a huge cost, after asking the IMF for a bailout loan – a “high access stand-by arrangement” that will come with creditor-imposed conditions – … Read more

EU Migration Chief Say Euopre Will Continue to Take Refugees “For Decades to Come”

by

by Martin Armstrong The EU migration chief, Dimitris Avramopoulos, has demonstrated that politicians are just so out of touch with reality they are securing their own demise. Avramopoulos has made a speech that Europe is set to absorb massive waves of migration “for the decades to come” and that the EU will “never become a fortress” building walls to keep people … Read more

Euro Demise – The Crash of the Euro is Inevitable

by

by Martin Armstrong Naturally, the major had to be wrong that the dollar was in this inevitable bear market. These prognostications were typically those who kept cheering gold higher and ignore everything else on the silver plate of politics. The implications of the Italian elections have been ignored by so many. They were a major blow … Read more