By Michael Snyder Yes, this is a true story. I was completely shocked when I learned about this too, and this just underscores the importance of repealing the individual mandate immediately. Shortly after taking office, President Trump issued an executive order which was intended to move the IRS away from enforcing Obamacare’s individual mandate, but … Read more
by John Rubino Corporate share repurchases have turned out to be a great mechanism for converting Federal Reserve easing into higher consumer spending. Just allow public companies to borrow really cheaply and one of the things they do with the resulting found money is repurchase their stock. This pushes up equity prices, making investors feel … Read more
By Michael Snyder Why is the west coast shaking so violently? According to the latest data from Earthquake Track, there have been 698 earthquakes in California within the past 30 days. By the time that you read this article, that number will undoubtedly have changed. In recent days I have felt such an urgency to write about … Read more
Here are the sources cited in graphic: Student Loans Food Stamps Federal Debt Money Printing Health Insurance Costs Labor Force Participation Workers’ Share of Economy Median Family Income Home Ownership h/t hyalineye
Josh Sigurdson talks with author and economic analyst John Sneisen about the Canadian Federal Deficit which has reached $5.9 billion half way through the fiscal year. As John goes into, Canada’s private debt to GDP has reached 266.89% in 2016 (the 2017 numbers are yet to be released and are likely to be much higher). … Read more
Gold and silver expert Rob Kirby says the price suppression of gold and silver is in the process of ending. Kirby says, “In the very near future . . . we are going to experience precious metals to be cryptoized and put on the blockchain. . . .These are going to be superior alternatives to … Read more
What is CFD Trading? CFD trading was originally invented by bankers in the city of London, in the early 1990s. It served the purpose of more efficient short term trading, for speculation and for hedging. CFDs are Contracts For Difference, they are simply contracts whose value exactly tracks the price of the underlying market. Today … Read more
By Michael Snyder Should Donald Trump be named “Person of the Year” by Time Magazine just like he was last year? This has become the biggest controversy in the mainstream media over the past couple of days, but there really shouldn’t be any controversy at all. According to Time Magazine, the “Person of the Year” … Read more
The Rothschild family is one of the most powerful, wealthy, and influential groups in the world. Their dynasty stretches back hundreds of years to every corner of the earth. They’ve been able to maintain their dominance because they were able to ensure financing of companies, governments are more in so many different countries. There’s an … Read more
#VIX #XIV #VXX #volatility In 1992, the CBOE hired Robert Whaley to develop a tradeable volatility product on equity index option prices. A year later, in 1993, the VIX was born when the CBOE started publishing real-time quotes on the implied volatility of the calculated S&P 500 index options. In those early days, I very much doubt … Read more
by Chris Black Yeah, I know what you’re thinking: yet another article about Sweden reaching unimaginable cuckness levels. But it’s their fault, as every news that comes from Sweden nowadays is increasingly more shocking than the previous; it’s like they’re trying to do their best in raising the bar of insanity to absurd heights. … Read more
By Michael Snyder If the economy is doing just fine, then why is homelessness at levels not seen “since the Great Depression” in major cities all over the country? If the U.S. economy was actually in good shape, we would expect that the number of people that are homeless would be going down or at … Read more
Merkel is obliviously out of touch with the native German people. I hope she’s forced to resign sometime soon, so the German people can move on without her. AC
Pre-dawn waits for door busters diminish, but Black Friday weekend still important for retailers After paging through the door buster ads, Jean Wendt, her sisters and nieces will head out around 8 p.m. on Thanksgiving Day to begin their Black Friday shopping. The sisters have gone holiday shopping together for years, back to the days … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen who was also born and raised in Norway regarding the bubbles we see expanding in the stock market, housing markets and currency in Norway at an unsustainable rate. Looking back at the Norwegian Kroner versus the US Dollar, it becomes clear that Norway’s reaching a … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Canadians, fasten your seat-belt. Here are the charts. The Financial Crisis in the US was a consequence of too much debt and too much risk, among numerous other factors, and the whole house of cards came down. Now, after eight years of experimental monetary policies and huge amounts of deficit spending … Read more
by Chris Black We just got word of yet another guilt-ridden, feel-bad flick from our enemies in Hollyweird, this time a so-called western dubbed “Hostiles. And yes, this is a progressive (as in a politically correct) Western. John Wayne rolls into his grave like a ventilator. The movie can be described as the latest … Read more
https://twitter.com/Schuldensuehner/status/933449988276916224 TROUBLE? What is the predictive power of the yield curve? Shape of the yield curve, advanced by 15 mths, has a decent fit w/US GDP growth. But yield curve inversions over-predict recessions. https://t.co/1mo5QwepsZ pic.twitter.com/Ysd5YCKe4F — Holger Zschaepitz (@Schuldensuehner) November 22, 2017 Financial imbalances? You think? pic.twitter.com/F2ZNo5SM40 — John P. Hussman, Ph.D. (@hussmanjp) November 22, … Read more
by Michael Snyder I wish that I had never seen the nude photo of U.S. Representative Joe Barton that is circulating around the Internet like wildfire. It is a photo that he took of himself and sent to a woman that he was not married to, and even though his private area is censored in the … Read more
By Michael Snyder Within the last 7 days, 134 earthquakes “have hammered a three-mile stretch around Monterey County on the San Andreas fault”. 17 of those earthquakes were of magnitude 2.5 or greater, and many believe that these quakes could be a warning sign that a much bigger quake is imminent. Let’s hope not, because … Read more