By Bob Shanahan America’s mainstream media continues to blow President Trump’s words and threats out of proportion while giving the Obama administration a pass for its actions against press freedom and forgetting Bush’s jailing of a New York Times reporter. Trump’s tweets putting an untrustworthy media in its place are far from “unprecedented.” I’m … Read more
A project of “mind-watering” magnitude in money and corruption. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The Mexican peso suffered its biggest rout in four months on Thursday, likely due to the realization dawning on market participants that the veteran populist Andres Manuel Lopez Obrador (or AMLO) may win the presidential elections on … Read more
by dequeued A lot of people ask “what bank should I use?” and a small number of banks and credit unions get most of the airtime here so I wanted to compile a list of recommendations (and add it to the PF wiki for easy reference). I also don’t think there is any one bank … Read more
by Econ0mist Only firms that allow customers to purchase their own securities are listed here. So the list excludes robo-advisors. Name Minimum investment Low-cost, no commission ETFs Low-cost, no commission mutual funds Low-cost, no commission target date funds Customer service Banking services Signup bonus Charles Schwab $1000, or $0 for brokerage w/ checking, or $100/month … Read more
Article Records have been set in practically every metric for auto loans, as of late: Americans owe a record $1.1 trillion in loans; a record 20 percent of new car loans have 72 month terms; people are overall paying record amounts for a new car; and a record 6.3 million people are 90 days or … Read more
by FS Listen to this podcast on our site by clicking here or subscribe on iTunes here. FS Insider recently interviewed Dinny McMahon to discuss his must-read book, China’s Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle. Dinny’s 13 years living in China, working for the Wall Street Journal in … Read more
https://www.youtube.com/watch?v=A1hSBYwAQdo Paul Bios for the Daily Wire reports, Celebrities and feminists shout like Chicken Littles the moment conservatives conjoin “defund” and “Planned Parenthood.” Abortion conglomerate Planned Parenthood receives a staggering half a billion dollars in taxpayer funds per year. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/29577/…
You have worked so hard for your money and then you put it in the bank or give it to a financial advisor? Oh dear… Let The Money GPS unveil what you can do about that instead! Appreciate you all! Do you know someone who has been burned by a financial advisor/bank? https://www.youtube.com/watch?v=1gfzFWvPBxw
by Ruby Henley The American people should be becoming very suspicious of Attorney General Jeff Sessions, as he could be blamed for this ridiculous situation revolving around President. President Trump has begged Sessions to step in and do his job numerous times. I would love to know who encouraged Trump to appoint him as Attorney … Read more
by John Rubino Phil Sloan: “The dollar will have one last rally before it collapses.” Peter Schiff: “The period of calm is coming to an end.” Rick Rule: “The bond bull market is over.” Michael Pento: Get ready for a “global debt default.”
by LV Comey discusses his exoneration of Hillary Clinton The following translations of Comey’s statements are offered by a professional skeptic after hearing Ex-FBI Director James Comey’s answers to George Stephanopoulis’s questions that aired on ABC on April 15, 2018. You can read the entire transcript of the interview here: abcnews.go.com/Site/transcript-james-comeys-interview-abc-news-chief-anchor/story?id=54488723 The skeptic’s satirical translations … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Compared to Chicago, which is traipsing that way. Wolf here: This is what happens to the economy of a city when some debts are lifted off its back. It can breathe again. But affected municipal bondholders, pension beneficiaries, and other stakeholders may not be so fond of this kind of treatment. … Read more
via J Butcofski & K Swartz We know there’s something going on in the Dow Jones Industrials… Since there will be a follow up post coming, we’ll call this part I. What a rip it’s been since Six Hundred- Sixty Six on the S&P 500. Let’s look though, at the most widely followed US stock market Index; … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The two-year yield, now surging, is a leading indicator. The Financial Stress Index, released weekly by the St. Louis Fed, is designed to track financial conditions that companies face in the markets. It reached record lows in November – meaning that there was extraordinarily little “financial stress” in the markets after … Read more
via BBG Don’t worry about faster inflation. The Federal Reserve has a history over the past two decades of snuffing out consumer-price increases before they take hold. Instead, worry that even modest inflation could compel the Fed to undertake a late-cycle acceleration in the pace of tightening. Inflation is rebounding in line with the Fed’s … Read more
Jordan Sather interviewed on the X22 Report Spotlight The good news, as Jordan puts it, is that President Trump is a Patriot and a good guy in the fight. Trump reluctantly accepted the presidency because he couldn’t stand to see America burn, according to Jordan. Now with ‘Q’, even more information is coming out, in real … Read more
Interview with: Jim Rickards Jim Rickards Forecasts New Financial Crisis & Makes Prediction about Gold https://s3.amazonaws.com/ILB_MS_BUCKET/ILB-180420-WeeklyMarketWrap.mp3 Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear from Jim Rickards – monetary insider, economist and best-selling author. Jim examines what the next financial crisis will … Read more
by Tom McClellan There is a very strong seasonal pattern in the way that tax receipts come into the federal government. The nice thing about that regularity is that it allows us to easily compare how the current year is doing versus past years. In this week’s chart, the black line represents the calendar year 2018 … Read more
By Harry Dent In March, I was the keynote speaker for the CoinAgenda Caribbean conference in my home town of San Juan, Puerto Rico. While there, Gregg Greenberg of SCN Corporate Connect sat me down for a brief interview. He started off by asking what a guy like me was doing at a conference like … Read more
via Chris Kimble Earlier today, we shared a few concerns for tech investors, focusing on the Nasdaq Composite chart. Well, there’s another concern within Tech-land: Potential weakness in the bull market leading Semiconductors. In the chart below, you can see how strong the Semiconductors ETF(SMH) has been since the 2009 lows. For the better part of 9 … Read more