15 Years of War: To Whose Benefit?

by Charles Hugh-Smith As for Iraq, the implicit gain was supposed to be access to Iraqi oil. Setting aside the 12 years of “no fly zone” air combat operations above Iraq from 1991 to 2003, the U.S. has been at war for almost 17 years in Afghanistan and 15 years in Iraq. (If the word “war” … Read more

Stocks in 2018 have spent a significant amount of time hitting a brick wall, financial conditions worsening, history suggests U.S. recession is close

Stocks in 2018 have spent a significant amount of time hitting a brick wall. pic.twitter.com/Xu6oLLf36W — Alastair (@StockBoardAsset) March 27, 2018 Coincident Economic Indicators: History Suggests U.S. Recession is Close: https://t.co/f08B1Tq8BW by @MishGEA $SPY $DIA pic.twitter.com/WAVjB8EUTF — Jesse Colombo (@TheBubbleBubble) March 28, 2018 https://twitter.com/DavidInglesTV/status/978812639198396416 Euro stock markets rollover pic.twitter.com/3GhmjBaSFi — Alastair (@StockBoardAsset) March 28, 2018 … Read more

Who Needs Wall Street When You Can Have A Monetary Unicorn?

By David Stockman The single most important price in all of capitalism is the interest rate—-and at all points on the maturity curve. And the single most important truth about honest interest rates is that they must be discovered by markets, not imposed by the state. We got to ruminating about those core propositions when we read that San Francisco Fed … Read more

Uneven Economy & The Hidden Depression

by John Coumarianos Are we in a depression? The question seems absurd. There has been GDP growth since 2009 and some mild inflation to go with it. In fact, this is the second longest economic expansion on record. As Robert Shiller said over the weekend (though in the context of warning against complacency), “[i]f the economy manages … Read more

Bad News For Bitcoin: Twitter Bans Most Cryptocurrency Advertising

via SCHIFFGOLD Twitter has announced a ban on cryptocurrency ads. The social media company’s announcement is more bad news in what has turned into several bad months for cryptocurrencies.  After a meteoric rise that sent Bitcoin above $20,000, the crypto has fallen back to earth. Bitcoin is currently trading below $8,000 and according to a CCN report, … Read more

Coincident Economic Indicators: History Suggests Recession Is Close

by Mike Shedlock via MishTalk, The Philadelphia Fed’s coincident economic activity index suggests the economy is close to recession. The Coincident Economic Activity Index is produced monthly by the Philadelphia Fed. The indexes are released a few days after the Bureau of Labor Statistics (BLS) releases the employment data for the states. The coincident indexes combine four state-level … Read more

Welcome to Financial Fantasy Island

by Jesse   “So the old shell game plays out once more. In, 2016 millions of average Americans enthusiastically signed up for a war on elites; with boisterous hurrahs they climbed aboard the Trump train; and after a few years’ journey they are going to find themselves deposited right back where they started, with inequality … Read more

Texas Man Facing Weapons Charges Said He Was On Classified Government Mission “Dealing With A Virus”

by Disobedient Media Source: UPDATE: Texas man facing Tewksbury weapons charges said he was on classified government mission TEWKSBURY — Police and the FBI are investigating the intentions of a 59-year-old Texas man who man was caught with a massive weapons cache in a Tewksbury hotel before he told investigators he was on a classified mission … Read more

When Fiscal And Monetary Policy Collide

via Scott Minerd Summary The markets are potentially on a collision course for disaster, brought about by strong fiscal stimulus in the late stage of the business cycle. At this stage of the business cycle monetary and fiscal policy should be utilized to cool off the economy. With corporate debt at record levels, the next recession … Read more

Federal Court Rules YouTube Can Censor Conservative Videos

A United States Federal District Court threw out a court case against YouTube, which claimed the video service was violating free speech rights by restricting conservative videos. The case, brought by Dennis Prager of Prager University, asserted that YouTube was discriminating against his organization and other conservative groups by not allowing their videos to be … Read more

Boom, The Plan Is In Motion, One Piece At A Time

Paul Manafort’s attorney just moved to have the charges dismissed because Mueller went outside his mandate which was Russian collusion. Boom, the FTC is now investigating Facebook and the investigation will be spreading to Twitter now. Zuckerberg will not hand over information to the UK but is open to testifying in front of congress. The … Read more