JCPenney is in serious trouble. There’s no sugarcoating it. The department store chain, famous for its Christmas catalogs, is losing money — and customers. It has a lot of debt. And not much cash. A dismal earnings report on Thursday only reinforced that time is running out. JCPenney reported an adjusted loss of $69 million … Read more
When buying a used car with over 100,000 miles, here are a few things you very specifically want to pay attention to. Number 1. When was the timing belt changed (If it uses one) Number 2. If the belt was changed, were the water pump and drive belts changed as well? Number 3. How many … Read more
by TFittonJW This was my reaction to President Trump’s tweet calling for an investigation into Obama gang spying on his campaign. https://twitter.com/TomFitton/status/998282141761966081?s=19 Obama, btw, can still be impeached. https://t.co/JsIU9bhnnJ — Tom Fitton (@TomFitton) May 20, 2018 https://www.youtube.com/watch?v=6BxKz3S1la0&feature=youtu.be
via Top-down Charts Summary This week the themes are “mixed signals” and “indecision”. The mixed signals include some very compelling bullish signs, yet also some concerningly bearish signs. It makes for an internally consistent situation of indecision, and means those sensitive to short-term moves will need to shorten-up time frames and tighten-up risk management. This idea … Read more
by Gary Christenson of Deviant Investor This article was written for Miles Franklin by Gary Christenson, with appreciation for Led Zeppelin who wrote and performed “Stairway to Heaven.” The Stairway To Heaven “There’s a lady who’s sure All that glitters is gold And she’s buying a stairway to heaven.” Led Zeppelin released the iconic song “Stairway to Heaven” in 1971, shortly after … Read more
from C. P. Chandrasekhar and Jayati Ghosh Even while optimistic assessments of growth trends in the global economy proliferate, concerns that the unwinding of inflated asset price markets could abort the recovery are being expressed. Interestingly, there appears to be a substantial degree of agreement on the cause for such uncertainty, which is an excessive dependence on monetary … Read more
by AMY S. Will The China’s Economic Collapse happen in 2018? The economic forecast is more than blake and chinese yuan household debt has reached record heights without any signs of relief. China’s yuan debt is staggering to the point most of it will never be repaid. Increasing debt without a concurrent economic gain has … Read more
by Martin Armstrong The outrageous tax of $275 per employee for companies that do more than $20 million in business annually by the city of Seatle for the claimed housing of homeless people is really over the top. It’s not just Amazon, there are a number of businesses being hit. Cities are becoming the place to avoid. This is how … Read more
by Martin Armstrong QUESTION: Do you think Bitcoin can survive? Or has it been a passing fad? MT ANSWER: Bitcoin rose because 70% of the miners were in China. It was NOT simply because energy was cheap. Bitcoin became the LEADING means of money laundering and movement of cash out of China, circumventing their rule of law and currency controls. So … Read more
Independent MEP Janice Atkinson has become the latest high-profile public figure to speak out about “The Great Replacement” which argues that native Brits and Europeans are being systematically replaced through mass, uncontrolled immigration. Writing about an English Heritage training programme excluding white people, she says that when she first read about the theory she thought … Read more
https://www.youtube.com/watch?v=L6SW8kZPYUE Mueller Hopes to Wrap Up Obstruction Inquiry Into Trump by Sept. 1, Giuliani Says https://www.nytimes.com/2018/05/20/us…
https://www.youtube.com/watch?v=84k87t3PGPs https://dailykenn.blogspot.com/2018/05/millennials-shun-democrats-bad-news-for.html DAILYKENN.com — Breitbart says the far left can’t count on young adults backing the Democrats come November, 2018. The far left has always depended on young inexperienced voters to back their hair-brained agenda on election day. 2018’s election may be an exception. Reasons? We can only speculate. It may be related to the … Read more
Do you see the NARROWING BAND I am referring to? Slowly we see less and less options which are actually producing a return. That’s smells like trouble. What’s your opinion? The global economic collapse is underway. There’s no reason to deny it anymore. Yet a handful of tech stocks have been doing well, that’s for … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Plenty of homes for sale, at ludicrous prices for what you get. But asking prices are now getting “reduced.” Zillow sends me a daily email with 18 “recommendations” about what kind of home to buy in San Francisco. These 18 recommendations are different each time. These emails identify the problem in … Read more
I hereby demand, and will do so officially tomorrow, that the Department of Justice look into whether or not the FBI/DOJ infiltrated or surveilled the Trump Campaign for Political Purposes – and if any such demands or requests were made by people within the Obama Administration! I hereby demand, and will do so officially tomorrow, … Read more
by stockboardasset “Given rich valuations and deteriorating internals, downside risks are increasing. But finger-waving about the risks of Fed tightening or QT, after the jackweeds at the Fed encouraged THIS, imagines one can avoid the inevitable consequences of a bubble that was wholly intentional,” said John P. Hussman. Hussman also said, “and a reminder that the combination … Read more
by stockboardasset Estimates range of rising gas eating up a third to half of fiscal boost It’s a question on everyone’s minds, as gas prices tip toward $3 a gallon nationally and campaigning for midterm elections heats up — will the rise in gas prices offset the benefit of the tax cuts? The general rule of thumb is … Read more
by Fabius Maximus Summary: Here is a summary of the RussiaGate stories, fragments of contradictory information about something that might be big beyond imagining. Both sides have constructed pleasing narratives based on leaks and rumors. Narratives which they believe are proven facts. Let’s begin with some delusional statements from Paul Krugman, a prominent liberal. “There’s really … Read more
