https://twitter.com/globalprotrader/status/994969292880924673?s=11 I’d say it’s a problem NOW and when we get a stock market crash and recession later this year, Fed Tax Receipts will dry up and those deficits turn from $1tln to 2 to 3… there’s a breaking point in confidence imho. Trapped in a Debt Spiral, Americans Unprepared for Perhaps Sudden End We … Read more
via Daily Reckoning: The official US government-released unemployment rate is meaningless. The LFPR measures the employment rate of adults in their prime working years, 25-54. LFPR has fallen 4.4% since 2000. But if you don’t show up as having actively sought employment for a four-week period, poof, you’re magically not ‘unemployed’ anymore. Think about that. … Read more
https://twitter.com/movement_cap/status/996038696049807360?s=11 Amazing how many things are linked to the #LIBOR rate! #GC_F $GLD
via Mauldin Economics: Asking that corporations not take on too much debt, when that debt costs them almost nothing in interest, is unrealistic. Asking that the Fed not leave interest rates at emergency-condition levels for 10 years is not. In the myopic mad dash that is quarterly earnings-obsessed Wall Street, you have about 90 days to … Read more
via The Gold Telegraph: Paying an out and out penalty for saving your money. In Europe, negative interest rates have been used to attempt to kickstart inflation and to get banks to lend out money; if they have to actively pay to sit on it, suddenly making loans looks a lot more attractive than having … Read more
California with its bankrupt economy, culture of unemployment, madcap representatives, crumbling power grid, crippling taxes, and unattainable real estate prices has created an exodus of Californians heading east. But California has always claimed to be at the heart of America’s future. So why is everyone leaving? https://www.youtube.com/watch?v=H41C836vDEI
Killer Mike: “Bernie Sanders Got Robbed”, Bill Maher proceeds to do damage control for the DNC and Hillary Well Killer Mike, a vocal supporter and surrogate for the Sanders 16′ campaign went on Real Time with Bill Maher last Friday and attempted to tell Bill’s somewhat sheltered audience the truth about what happened in 2016 … Read more
by sematrix The international bankers, who see themselves as a post-national priest class, a chosen people of the cosmos, and the source of all manna, are actually insatiable grifters, predators and parasites upon the nations in which they roost, and upon the decent, law-abiding folk who form national economies. They leverage the work, productivity, and taxes … Read more
Im not saying anything about this being the Mark of the Beast, but it still not good at all. Once they get this into everybody’s heads as the “normal thing to do”, what’s next? via businessinsider: Some 3,000 Swedish people have inserted a microchip into their bodies to make their daily lives easier. People with … Read more
In the future there won’t be speed cameras. If you don’t already have an approved driverless car, a prompt will pop up on your dashboard warning you to slow down or you’ll be fined. The car will report every time you didn’t sufficiently indicate prior to turning and your insurer will get a regular report … Read more
Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis, according to Fitch Ratings. Lenders are responding by pulling back on financing to applicants with shaky credit histories and requiring higher standards for loans that they bundle and sell on to investors. https://www.bloomberg.com/news/articles/2018-05-14/consumers-skip-more-high-rate-auto-payments-than-during-crisis and real inflation … Read more
by Geoffrey Grider GOOGLE SHOCKED THE WORLD THIS WEEK WHEN IT SHOWED OFF GOOGLE DUPLEX, ITS NEW TECHNOLOGY TO HANDLE TASKS OVER THE PHONE. SINCE ITS REVEAL ON STAGE AT THE GOOGLE I/O CONFERENCE, THERE HAS BEEN SOME NEW INFO REGARDING THE A.I. THAT WILL MAKE PHONE CALLS — HAIR APPOINTMENTS OR DINNER RESERVATIONS — IN … Read more
IF YOU’VE EVER HAD THE CHANCE TO HEAR THIS INCREDIBLE MAN SPEAK, YOU KNOW HE CHEWED WHOOPI UP AND SPIT HER OUT… Dr. Mitchell was the architect of “enhanced interrogation” aka waterboarding. The man is a hero. Dr. James Mitchell returned fire at “The View” host Whoopi Goldberg for suggesting that President Donald Trump ought … Read more
by sundance I have a sneaking suspicion the Machiavellian connections between the U.S. intelligence apparatus and multiple foreign agents/actors, including the work of Stefan Halper in the 2016 presidential election, are only a few days from fully surfacing. There could be enough sunlight on U.K/U.S. political and intelligence officers to launch multiple investigations. There was always something … Read more
via Zerohedge: Long gone are the days when the CDS market was naively seen as merely a simple hedge to long cash bond positions for vanilla investors (negative basis), or more conspiratorially, a means to naked short the bonds of distressed companies (as many alleged happened during the financial crisis) without being subject to squeezes, … Read more
Watch the latest video at foxnews.com http://www.foxnews.com/tech/2018/05/14/g…-says.html About a dozen Google employees are resigning in protest over the tech giant’s involvement in Project Maven, a controversial military program that uses artificial intelligence, Gizmodo reports. Project Maven, which harnesses AI to improve drone targeting, has been a source of concern for a number of Google employees. … Read more
BY PATRICK WATSON You’ve heard the old line about three kinds of falsehoods: lies, damned lies, and statistics. All three are easy to find on the Internet. Unlike lies, though, statistics can be useful if taken with a grain of salt. For instance, you want to remember that correlation doesn’t equal causation. If event A repeatedly occurs right … Read more
Via Marketwatch Millions of Americans who lost manufacturing jobs during the 2000s have long ”known” China was to blame, not robots. And many helped elect Donald Trump as president because of his insistence that China was at fault. Evidently many academics who’ve studied the issue are finally drawing the same conclusion. For years economists have … Read more
by Adam Hamilton of Zeal LLC The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans’ new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting. And … Read more
