by Anthony B Sanders US Real GDP seems to be booming (see yesterday’s Atlanta Fed GDPNow Report for 4.2% growth) while The Fed continues to raise their target rate and unwinding its $4.4 trillion balance sheet. The result? The US Treasury 10-year yield has risen to its highest level since 2014 (red line). And Bankrate’s … Read more
by WARREN MOSLER Seems to me this divergence has been stretched to the limit: And this chart from Daniele Della Bona shows how dipping into savings via borrowing adds to interest expense that further reduces savings when other personal income is lagging: And this shows the gap: And from a different angle: And this was also … Read more
by: Clint Siegner, Money Metals The Commodity Futures Trading Commission levied fines against three European Banks on Friday for “spoofing” the futures markets, including COMEX gold. Six traders were arrested yesterday. “Spoofing” involves placing buy or sell orders in order to move markets in a desired direction then canceling the orders before they get executed. … Read more
As Cole explains: This is all great as long as volatility is low or dropping, as long as markets are stable.But, in the event that we have a reversal in this, there’s two trillion dollars of equity exposure that self-reflexive-driving lower vol can reverse in a quite violent way. And this is just equity vol, … Read more
Okay y’all I realize that this is older news but I just became aware of it and wanted to share. I rarely go use 7-eleven but as of now I’ll be avoiding it all together. 7-Eleven Clerk Refuses Service To Soldier “She said, ‘You’re in the military?’ I said, ‘Yes,’” Brown told KIRO. “She said, … Read more
by Simon Black Earlier this month, General Electric took a $6.2 billion charge to its insurance unit for the fourth quarter. And the company said it will set aside another $15 billion over seven years to bolster reserves at GE Capital. The charge had to do with long-term care policies (to pay for nursing homes and … Read more
by John W. Whitehead History has a funny way of circling back on itself. The facts, figures, faces and technology may change from era to era, but the dangers remain the same. This year is no different, whatever the politicians and talking heads may say to the contrary. Brush up on your history, and you’ll find … Read more
by Chris What happens when the public officials get a hold of the public purse and begin to grant themselves pay raises? The usual of course. It’s just gone so terribly far off the rails for CA that it’s impossible to see anything other than a crack-up at some not-too-distant point. For example, visiting the … Read more
Via Branco Vote Democrat! For Trannies, Illegals and to MAKE TAXES HIGHER AGAIN!
The effort to destroy President Trump and others on his campaign is backfiring. Those who protected Hillary then tried to cover it up are now literally shaking in their boots. The “FISA abuse” memo will be released showing the Democrats and intel agencies were in cahoots. Tucker Carlson just called them out in a fantastic … Read more
The Last Refuge remarked that you can generally tell when the house of cards begins collapsing by how deep CNN’s Jake Tapper is forced to reaches into his bag of disingenuous tricks. The best line of the entire video was by Rep. Gaetz: And you know what Jake? When you read the memo, it’s going … Read more
Brexit & the economy: The successes the mainstream media aren’t crowing about A picture of Brexit doom and gloom has been painted – an artwork constructed by the ‘remoaners’ whose campaign of fear angered leave campaigners during the referendum on whether Britain stays or leaves the EU. ‘Project fear’ (the picture of economic doom and … Read more
Par for the course with these kind! According to Representative Zeldin speaking on the floor yesterday evening, Adam Schiff never permitted anyone to read the memo he demanded they vote to declassify! It hasn’t been submitted for review! When, naturally, they voted it down, Schiff then ran to the cameras with “They don’t want real … Read more
A man is hospitalized and a suspect is dead in what appears to be a terror attack that was stopped before it could hurt more people. The suspect has not yet been identified. http://www.foxnews.com/us/2018/01/29/off-duty-cop-shoots-driver-attempting-to-run-over-pedestrians-philadelphia-police-say.html Terrorism was being eyed as a possible motive after a man in a black Honda targeted pedestrians Monday morning in Philadelphia, … Read more
from ZH: FBI Director Christopher Wray was allegedly “shocked to his core” after viewing the four-page FISA memo Sunday night – hours before asking Deputy FBI Director Andrew McCabe to step down, according to journalist Sara Carter. Hannity sat down once again with journalist Sara Carter, whose sources say McCabe may have instructed FBI agents to alter … Read more
The finance and technology industries are both big industries in today’s markets, so is it any wonder that they’ve been joining forces as of late? The financial technology or ‘FinTech’ industry is an emerging market within finance that has the potential to disrupt financial institutions as we know them. For those looking to invest in … Read more
Marc Short told Stuart Varney on Tuesday morning the Trump White House received the classified FISA Memo on Monday night and experts are currently reviewing the data.
This hadn’t popped up on the local Fox yet https://www.clickondetroit.com/news/metr…aud-scheme It was a nation wide takedown with 6 MI docs involved. “More than 400 people across the country were charged Thursday for taking part in health care fraud and opioid scams including six Michigan doctors in connection with a raid Wednesday at the Fisher Building … Read more
EVERY SINGLE TIME! But will people ignore that this time? Or is this time different? The global economic collapse is already underway. With consistent evidence mounting that the only positive indicator remaining is equity prices, we have lost the ability to fool ourselves any longer. Watch as countries engage in a race to the bottom. … Read more
https://youtu.be/iJIg_PDhpLA Keep it coming, pour it on.