HSBC’s Major Warns February Risk Correction May Be Just A Start

via Sid Verma HSBC’s famed bond bull Steven Major has a bearish warning as short-term dollar funding costs swell to levels last seen in the financial crisis. The Federal Reserve’s monetary tightening will increase yields on Treasury bills further and weigh on financial conditions, testing appetite for assets sensitive to the discount rate, he says. “Higher Treasury … Read more

IRS defies Trumps Health Insurance EO and no one makes a peep. Trump said they can't force us to answer Q but they are doing it anyway.

IRS extorts millions from poor people by threatening to delay refunds. IRS is going to steal 600 dollars from me as I live just below the federal poverty line. No one is even talking about how the IRS is openly defying Trump’s EO. Not even Trump. Here is their official statement. https://www.irs.gov/tax-professionals/aca-information-center-for-tax-professionals “IRS Statement on … Read more

Trade with China, Bank loans, Chain store sales

by WARREN MOSLER Killing the goose that’s laying the golden eggs: Trump says China has been asked for plan to cut trade imbalance with U.S. Mar 7 (Reuters) — U.S. President Donald Trump said on Wednesday that China has been asked to develop a plan to reduce its trade surplus with the United States. Trump is … Read more

A Follow-Up On 3 Charts

by Tom McClellan We are at a fascinating turning point in the market’s path, and it is worth reviewing some recent Chart In Focus stories to see how they turned out, and to look at what might lie ahead.  I usually refrain from doing reruns, but in each case there is new information that I find … Read more

Are Stocks for Suckers?

by BILL BONNER GUALFIN, ARGENTINA – Stormy Daniels has gone public… No big deal. Gary Cohn has left the White House… No big deal. The big deal is that the Fed is raising interest rates. Dow 10,000 Even this wouldn’t be a big deal, except that it comes after 30 years of lowering them. Now, not … Read more

Facebook Cracking: 24% Drop In User Time Spent…Even Millennials Starting To Hate Social Media

FACEBOOK CRACKING: 24% Drop In User Time Spent… Now new numbers have been released that go through December, and the problem only seems to be getting worse. The updated data shows that Facebook’s core platform lost 18% in time spent, which is a huge change from the month before. This, says Pivotal, reflects a 24% decline … Read more

Pelosi Suffers 16 Brain Freezes in 15 Minutes! Jaw problems mar speech

During her weekly press conference Thursday, House Minority Leader’s train of thought seemed to ran out of gas … 16 times. The 77-year old California congresswoman repeatedly paused in the middle of her sentences while searching for her next words. In all, Pelosi stumbled 16 times over just 15 minutes. https://news.grabien.com/story-mental-meltdown-pelosi-suffers-16-brain-freezes-15-minute-pr MORE Pelosi brain freezes, marred … Read more

It’s Over for Toys ‘R’ Us: Liquidation Next

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Despite earlier denials. Toys ‘R’ Us, after it filed for Chapter 11 bankruptcy last September to restructure its debts, vowed that it would go on as a company and not even close any stores. It blamed the media for having caused this problem by reporting that it had hired a bankruptcy law firm. This … Read more

JUDICIAL WATCH already in court challenging San Francisco over its deadly and illegal sanctuary policy. Glad to see Sessions DOJ following up with another lawsuit!

by TFittonJW Here’s the background on our big taxpayer lawsuit against San Francisco over its deadly sanctuary policy: https://www.judicialwatch.org/press-room/press-releases/california-court-rejects-attempt-throw-judicial-watch-taxpayer-lawsuit-san-franciscos-illegal-immigrant-sanctuary-policies/ Vid clip discussion: