by Ruby Henley On April 14, 2018, the cream of the crop in law-abiding American citizens rallied together in state capitals across this Country. Honorable in their endeavor to protect the United State Constitution, Patriots shook hands and spoke out. There was not one incident that occurred in any of the 50 rallies that disturbed … Read more
From ZeroHedge: Exactly one year ago, in its Global Financial Stability report, the IMF issued a stark warning when looking at the soaring level of private sector debt: it found that more than 20% of U.S. corporations are at risk of defaults once interest rates rise, and calculated that the combined assets of firms threatened by default – … Read more
U.S. Pension Fund Collapse Isn’t a Distant Prospect. It Could Come in 5 Years Warnings about looming public pension disasters have regularly cropped up since the 1950s, pointing to problems 25 years or more down the line. To politicians and union leaders, 1 the troubles were someone else’s predicament. Then crisis fatigue set in as the big … Read more
https://sdbullion.com http://www.silverdoctors.com/precious… The yield curve will invert, leading to a shrinking of the money supply, and a recession later this year, Michael Pento of Pento Portfolio Strategy tells Silver Doctors. He says bonds currently are the “most mispriced assets in the history of the world.” He sees a world wide default on debt coming. The … Read more
by Chris Black According to multiple reports on Thursday, it looks like the swamp is finally getting drained, or at least partially. More precisely, we’ve just learned that former FBI Deputy Director Andrew McCabe has been referred by the Department of Justice’s Office of the Inspector General to the US Attorney’s Office for the District … Read more
by WARREN MOSLER Muddling through at depressed levels: Saudis set price. If they decide to hike as below, it will happen: OPEC’s new price hawk Saudi Arabia seeks oil as high as $100 Apr 18 (Reuters) — Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a … Read more
from Zero Hedge We can finally put to rest any financial, economic, ideological or simply philosophical debates why stocks have risen over 300% since the March 2009 post-crisis lows of 666, and we have Lloyd Blankfein’s underperformance mea culpa to thank for putting it so simply and succinctly, even a majority of fintwit might actually get it. From … Read more
by stockboardasset The United States Air Force has awarded Lockheed Martin, an American aerospace, defense, security and advanced technologies company, with a $928 million contract to design and prototype new hypersonic missiles. These high tech missiles can travel five times the speed of sound and outmaneuver the most advanced missile defense shields in the world, announced … Read more
via byMike Mish ShedlockSaxo Bank provides an ominous economic outlook in its second quarter report. What follows below are snips from a 35-page report by Saxo Bank. I condensed the report for readability. Any emphasis in italics is mine. Until the final paragraph what follows are snips from various Saxo Bank analysts. End of a Cycle … Read more
BY JOHN MAULDIN The Republican Congress had to scramble to find additional sources of revenue in order to make up tax reductions for corporation and lower tier income groups. And they found some of that revenue by taking away deductions. There are literally scores of smaller deductions that you were previously able to itemize that will not … Read more
by yummyyummybrains I’m trying to sell my car online by owner, because the trade-in price is a joke. In addition to the usual remote-buyer scams (i.e. “please consider it sold, give me full name & address to send a check”), I’ve encountered 2 or 3 instances of a slightly more involved scam. Essentially, you’ll get … Read more
by unfixablesteve It’s literally a weed and grows like one. A recent Sunday afternoon at the Bridge City Collective cannabis shop in North Portland saw a steady flow of customers. Little wonder: A gram of weed was selling for less than the price of a glass of wine. The $4 and $5 grams enticed Scotty … Read more
$SPX cannot handle soaring UST10Y @ 2.911 pic.twitter.com/O1Qqp3BoUt — Alastair (@StockBoardAsset) April 19, 2018 the moment when $SPX figures out that soaring yields are not good pic.twitter.com/wzkXguRSxI — Alastair (@StockBoardAsset) April 19, 2018 The UST10Y looks like it wants to explode higher pic.twitter.com/4UqjkhCzJX — Alastair (@StockBoardAsset) April 19, 2018 Glancing at the platform, it seems … Read more
By Harry Dent Manhattan has seen real estate sales fall 40% since the second quarter of 2017, with prices falling the most on the high-end. New condo listings are down 54% and existing condo listings are down 18%. Toronto has seen a similar 39.5% decline in sales over the last year, with prices down 14% and falling. … Read more
via the MacroTourist Let’s talk earnings for a bit. Specifically, how the 2017 tax cut affected S&P 500 earnings. We all know the story. America’s corporate tax rate was uncompetitive and created distortions in the economy that prevented companies from investing in the U.S. The Tax Cuts and Jobs Act of 2017 was designed to level … Read more
by stockboardasset Most of the world’s population resides in regions where air quality contains life-threatening pollutants. An estimated 95 percent of people are breathing unhealthy air where ambient (outdoor) fine particulate matter concentrations (soot particles) surpass the World Health Organization’s Air Quality Guideline of 10 µg/m3, a new report has discovered. Almost 60 percent of the world’s population … Read more
by sundance Multiple media outlets are now confirming the DOJ Office of Inspector General, Michael Horowitz has sent the U.S. Attorney a criminal referral over the unlawful issues which led to the firing of FBI Asst. Director Andrew McCabe. (Via CNN) The Justice Department’s inspector general has sent a criminal referral regarding former FBI Deputy Director Andrew McCabe … Read more
Trumpism Without Trump Good-bye Paul Ryan, hello to a new Republican Party that embraces the president’s politics but not his person. A little more than six months from now, on November 7, the sun will rise on a political landscape wrecked by President Donald Trump’s first midterm election. Thanks to a map that puts more … Read more
There IS a deep state says Comey: Fired FBI director says Trump is RIGHT – but ‘unchangeable’ FBI, CIA and military love American values and are NOT trying to bring down ‘elected leadership’ James Comey kicked off his nationwide book tour to promote his memoir, ‘A Higher Loyalty’, which sharply criticizes Donald Trump, in New … Read more
by Shaun Richards Yesterday brought the latest forecasts from the IMF ( International Monetary Fund). Don’t worry I am not concerned with them as after all Greece would be now have recovered if they were right. But there is a link to the Greece issue and the way that it has found itself trying to … Read more