by FS The following is a summary of our recent FS Insider podcast, “Retail Apocalypse Picking Up Steam, Says Bloomberg’s Matt Townsend,” which can be accessed on our site here on iTunes here. Last year we saw more than 7,000 stores close their doors, more than twice the amount of stores that opened in the same time period. … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the latest troubles for Wells Fargo as the bank sees the lowest mortgage number since the last financial crisis! In last year’s Q4, mortgage applications plunged by 10 billion dollars which is 16% down year over year to around 63 billion dollars. The mortgage … Read more
#BREAKING: National Weather Service have issued a Flash Flood Warning for New York, Brooklyn and Queens https://twitter.com/BreakingNNow/status/985890240522063873 https://twitter.com/BreakingNNow/status/985888707587858432 scenes from 145th st/broadway. @NYCTSubway @MTA @NY1 #justalittlerain pic.twitter.com/vUYed8Se6g — Josh Guild (@jbguild) April 16, 2018 FLASH FLOOD WARNING now in effect for NYC and parts of the tri-state area pic.twitter.com/WBsytfWgXU — CBS New York (@CBSNewYork) April … Read more
By Harry Dent Demographics have dramatically changed the U.S. real estate market forever. And the problem we now have in front of us is a simple case of dyers vs. buyers. Very soon, the massive U.S. Baby Boomer generation will be dying off much faster than the Millennial generation can buy into the market. This … Read more
Watch the latest video at foxnews.com EXCLUSIVE: The Hillary Clinton Campaign and the Democratic National Committee allegedly used state chapters as strawmen to launder as much as $84 million in an effort to circumvent campaign donation limits, and the Federal Election Commission ignored complaints exposing the practice, a lawsuit filed Monday claims. The Committee to … Read more
http://media.blubrry.com/spiritradio/s/content.blubrry.com/spiritradio/2018-04-16_PODCAST_EXTRACT_Robert_Fisk_Douma.mp3 Podcast: Play in new window | Download | Embed British journalist is Robert Fisk who works for british newspaper The Independent https://en.wikipedia.org/wiki/Robert_Fisk Robert Fisk is the multi-award winning Middle East correspondent of The Independent, based in Beirut. He has lived in the Arab world for more than 40 years, covering Lebanon, five Israeli invasions, the Iran-Iraq war, the Soviet … Read more
They don’t even bother trying to work with the truth anymore… Watch the latest video at foxbusiness.com House Minority Leader Nancy Pelosi is fundraising off the firing of “our only hope” Special Counsel Robert Mueller, but one problem: Mueller has not been fired. The California Democrat sent out an email last week titled … Read more
Alan Dershowitz: If this were Hillary Clinton they’d be raising money left and right defending Hillary Clinton’s right. But now they’re raising money left and left by attacking Trump and putting the attack on Trump over defending out civil liberties. Why do you think I’m here all the time? Why do you think I’m speaking out … Read more
BY JOHN MAULDIN Dial your mind back to January 2001. The world had survived Y2K; the stock market was topping out; George W. Bush had moved into the White House; and the US government had a balanced budget. Wait, say that again? Yes, the budget was balanced, and indeed, we were running a surplus. This happy … Read more
by Ruby Henley I have been researching Artificial Intelligence or AI since the United States, France, and Britain joined forces to strike Syria. Throughout the whole ‘shock and awe’ I kept thinking about AI, so I knew this incident was connected. When I cannot get a certain topic off my mind, I delve deeply into … Read more
Authored by Chris Hamilton via Econimica blog, After nearly a half century of unlimited dollar creation, multiple bubbles and busts…the current asset reflation has been the most spectacular…but alas, perhaps too successful. The Fed’s answer to control or restrain this present reflation is raising interest rates to stem the flow of business activity, lending, and excessive leverage in financial … Read more
don't look at this chart pic.twitter.com/DPp8XyScG4 — Alastair (@StockBoardAsset) April 15, 2018 .@MorganStanley: "even though there has not been a 20% correction in theS&P 500 since the financial crisis, one can spot two distinct bear markets in recent history when using the MSCI All Country World Index" https://t.co/QeQqOddBqz pic.twitter.com/PCkPKZKpnr — Trevor Noren (@trevornoren) April 15, … Read more
@OccupyWisdom Central banks continue to fuel the sovereign debt bubble. It will end badly pic.twitter.com/ldSW9PUqMi — Daniel Lacalle (@dlacalle_IA) April 15, 2018 .@jpmorgan: "Overall, US companies will buy back ~$800b of their stock this year, up from $525b in 2017, and boost dividend payouts by about 10% to a record $500b" https://t.co/YbL1hLOg1c pic.twitter.com/Zd8nzPVPw0 — Trevor … Read more
Michael Cohen represented Fox News host Sean Hannity, Cohen’s lawyers were forced to reveal in federal court on Monday. “We have been friends a long time. I have sought legal advice from Michael,” Hannity told the Wall Street Journal. Cohen was present at a hearing where his attorneys are challenging the FBI’s seizure of documents he claims are … Read more
by Egon von Greyerz of Gold Switzerland As the world is standing on the precipice of a total breakdown, both economically and geopolitically, an obvious question is: “Where is the money coming from” to save the world from perdition. The same question was asked to Maharishi Mahesh Yogi in the 1970s when he was starting a global spiritual … Read more
by stockboardasset This fall, North Atlantic Treaty Organization (NATO) will be leading the most significant military exercise across the entire country of Norway since the Cold War. Initial reports from Verdens Gang, indicate about 35,000 military personnel from 30 different countries are expected to attend the Trident Juncture NATO drill. Portuguese troops penetrate land in Troia, about … Read more
via Danielle Park I have said many times since 2007, that the scale of the debt weight pressing down on the masses and the world economy suggests that knocking off zeros will be needed to get out from under. That can only help however, if the debt and risk-magnifying machine of the financial sector is also … Read more
via Peak Prosperity Fannie Mae forecasts an economic slowdown by 2019 Doug Duncan is not your average beltway economist. The chief economist for Fannie Mae is surprisingly outspoken about the troublesome outlook for the US economy. He’s worried about the rising cost of debt service as outstanding credit continues to mount at the same time interest … Read more
