By Chris Black The self described socialist and Vermont Senator Bernie Sanders, an actual communist (he spent his honeymoon in Soviet Russia by his own volition) who keeps blathering about “millionaires and billionaires”, a strange dude who never had a real job in his life until he was like 40 years old and then started … Read more
Total revolving #credit is nearing all-time highs made during the financial crisis. If times are so good, why pull out the charge cards? h/t @Lemieux_26 “The market is net short the most 5-year contracts ever,” H/T .@kevinmuir The “most important chart in the world” with yield curve added in… h/t @WhatILearnedTW
CNN’s Allyson Camerota expressed her concern about how the tax breaks for Americans will harm the Democrats chances of winning in the mid-term elections with Michigan’s Democrat Congresswoman Debbie Dingell. Camerota appeared somewhat panicked, as she started out her segment whining to Dingell about bonuses and pay raises that Americans will receive as a result of Trump’s GOP … Read more
by John Rubino One of the hallmarks of late-stage bubbles is a shift of power from lenders to borrowers. As asset prices soar and interest rates plunge it becomes harder to generate a decent yield on bonds and other fixed income securities, so people with money to lend (like pension funds and bond mutual funds) … Read more
“The FBI DISAPPOINTED all Americans” Trey Gowdy THRASHES FBI with Jason Chaffetz Over BIAS GOP REP CALLS FOR ‘PURGE’ OF ‘DEEP STATE’ CRONIES WITHIN THE FBI This is common sense. Most congressmen are too afraid of deep state retaliation to say it. Republican lawmaker Francis Rooney of Florida called for a “purge” of “deep … Read more
by howmuch Americans have racked up almost $13 trillion in personal debt for things like mortgages, car notes and student loans. $13 trillion is an enormous pile of money, but here’s the kicker. That’s significantly better than the run-up to the Great Recession. Still, it’s hard to imagine what that looks like across the country. So, we created a … Read more
Every year I become more and more convinced that the high reputation of law enforcement agencies, and particularly of the FBI, owes much more to the role of same in popular fiction, television, etc, than it does to any real-world performance of those agencies. OUCH: UPDATE: Flashback: A former FBI agent battling Deputy Director McCabe said … Read more
A gamble needed to kick a business into gear, the jolt of investment provides many opportunities for companies old or new. Of course, the bigger picture of investment means that the act can change an entire country for the better, the funds granting a new lease on life for the average everyday citizen. Put simply, … Read more
Russia will soon issue $6 billion in bonds accepting Yuan as payment for its oil exports to China in 2018. Note that Russia is the world’s largest oil producer. This is also set to coincide with Yuan oil futures contracts trading in Shanghai this coming year. The resulting new global financial order, once completed, will … Read more
Signs point to strong shopping season… New York (AFP) – Americans shopped with greater gusto at malls and online this holiday season amid a strong labor market and cold winter weather, retail sales experts said Tuesday. Shoppers in the world’s biggest economy spent generously over the “Black Friday” weekend in late November that kicks off … Read more
By Michael Snyder We are nearly a year into Donald Trump’s presidency, and the economic numbers continue to look quite good. On Monday, we learned that U.S. retail sales during the holiday season are projected to be way up compared to 2016. Yes, there are all sorts of economic red flags popping up all over … Read more
by Michael Snyder Independently-controlled cryptocurrencies such as Bitcoin, Ethereum and Litecoin may or may not survive in the long run, but blockchain technology is definitely here to stay. This technology has revolutionized how digital financial transactions are conducted, and it was only a matter of time before the big boys began to adopt it. Previously, I … Read more
by Ruby Henley I think Eric Braverman is destined to be in the news again soon. I know most of you remember Eric Braverman as Ex-CEO of the Clinton Foundation. As the recent news of President Trump’s unprecedented Executive Order starts to make the headlines, Eric Schmidt resigns from Google. I think this is related, … Read more
Financial Survival Network, Released on 12/26/17 Short sellers need dopamine too. Bubbles are dopamine triggers, in fact some of the best known to man available without a prescription. We’re just wired to engage in behavior that spurs dopamine production. We can’t help ourselves which is why we keep getting sucked into bubbles and why you’re … Read more
Do you see CASH ADVANCE/PAYDAY LOAN companies websites, advertisements, and retail stores? Has there been an increase in the past 10 years? The average household has accumulated excessive amounts of debt. Their credit cards are maxed out. Their line of credits too. The equity in their home has been pulled out and converted into … Read more
Internet data mining expert Clif High has a brand new report called “Soaring Twenties.” Clif High says there is good news coming, but not just for 2018, many years after. Clif High explains, “There is a really interesting set of data that’s been building for some time, and we have had this big flush of … Read more
by Chris Black President Trump went on to Twitter on Tuesday and, to no one’s surprise, he started (again) controlling the news cycle by saying that the Federal Bureau of Investigation used the now famous “Pissgate” so-called dossier (a piece of oppo-research funded by Democrats and concocted by that strange guy Robert Steele) as the … Read more
@NorthmanTrader There’s overwhelming evidence that the U.S. stock market is heading for disaster The economy is more leveraged than ever First up is Grant Williams, who sent me a monumental slide deck. Here’s an example of craziness: Grant Williams This chart is straightforward: It shows outstanding credit as a percentage of GDP. Broadly speaking, this … Read more
Over the course of 2017, Bitcoin has broken records in regards to growth. At the beginning of this year, Bitcoin was trading at just $900 and at well over $15,000. While there are a variety of skeptics out there who view this growth as a financial bubble, there are others that think this growth is … Read more
by Chris Black It’s Christmas and we’ve just got word about one of the best-ever Christmas gifts a patriot could ever wish for: the US ambassador at the UN Nikki Haley just announced that she negotiated a $285 million cut in United Nations’ “bloated budget”. That’s a big chunk of taxpayers dollars that will not … Read more