OPEC REPORT: Venezuela reports collapse in oil supply, tightening global market. “In a monthly report, the Organization of the Petroleum Exporting Countries said Venezuela told the group that it pumped 960,000 barrels per day (bpd) in March, a drop of almost 500,000 …
by Jim Rickards via Daily Reckoning Investors have been speculating for years about the demise of the “petrodollar” deal struck by Henry Kissinger and Treasury Secretary William Simon in 1974. It was first set up between the U.S. and Saudi princes to prop …
via MarketWatch: U.S. corporate earnings in Europe hit a record $284 billion in 2018 As investors have kept a laser focus on U.S.-China trade negotiations and hope that a resolution can give the global economy a much-needed shot in the …
“The Fed, which has been paring its crisis-era debt holdings, may lay out plans to end the program at its meeting next week. Yet in the Treasury market, the close of the quantitative-easing era could open another can of worms.” …
Today brings news of the latest federal budget proposal, a $4.75T presidential wishlist doomed to defeated in the House that spends money we don’t have. Perhaps most striking is that we are on pace to shatter the all-time debt-to-GDP record established in 1946 — …
by Shaun Richards The weekend just gone has seen a surge in speculation about a matter we have been expecting for some time. It is this issue of solving the problem of a bank that is too big to fail …
By Patrick Watson Many people are worried socialism will take over the US. They’re sure it will be awful. Socialism can mean many things. You hear it applied to state-dominated economies as varied as Venezuela, Norway, and China. I suspect Karl Marx …
By Robert Ross Transportation is a big issue in most of the US. It’s so big that for the majority of Americans having a car is a matter of survival. Most people can’t even go to work without a car. …
by Simon Black We are in the midst of the longest government shutdown in history. Don’t get me wrong, I like having the government shut down. As I’ve said before, I believe it is my moral duty to pay as little …
Via Think Advisor The ex-fund manager tells ThinkAdvisor why a recession could occur in 2019 and why he left the market. The plummeting stock market is merely a prelude to the calamitous upheaval to come, legendary investor Robert Rodriguez tells …
Nicholas Riccardi for AP reports, Early voting in California’s primary will overlap with the traditional early nominating contests in Iowa, New Hampshire, Nevada and South Carolina. https://www.youtube.com/watch?v=PpgVxXtYc7o Read More/Source/Credit/FairUse: https://apnews.com/b58e7841a89b4535bc… Go west, 2020 presidential candidates? Early voting in California’s primary …
by DCG Mayor Catherine Pugh: “We want your guns” From Fox News: A woman in Baltimore is using the city’s gun buyback program, not to get firearms off the street but to upgrade to a better weapon. On Monday, the city’s Police …
by Red-Pill-Suppository They teach people to pretend to be Christians who pray and celebrate Christmas. They literally call it acting, role playing, and theater. They teach them to lie in order to beat the system.
UMich confidence drops as the rate hikes take effect. The people are starting to feel the rate hikes, businesses are starting to feel it, the Fed will be blamed. Credit card delinquencies shoot up. Realtors urge the Fed to slow …
by Lance Roberts In this past weekend’s missive “Market’s Cling To Support,” I noted the early February correction process where we saw a similar short-term bottoming process where the initial bounce failed then bounced in mid-March before failing again to retest the February …
via Ksenia Galouchko An outsize retreat in small and mid-cap stocks over recent weeks could be a possible sign of an upcoming deeper market correction, according to major asset managers, including London & Capital and JPMorgan Asset Management. Both in the …
It’s been 10 years since the 2008 financial meltdown. Money manager Peter Schiff warned the world about the last crisis and has a new warning about another coming financial crisis. Schiff says, “The problem is now we are on the …
Emerging markets traditionally refer to nations whose economies are growing steadily on the path to becoming advanced but are not yet classified as developed economies. However, in the last couple of years, the stock markets of Asia have seen a …
by Thinker The only people who don’t want to disclose the “TRUTH,” are people with something to hide. IT’S OVER FOR Traitor Sessions, Gowdy ASKED THIS ONE FINAL QUESTION, Then The ANSWER REVEALS THIS! https://youtu.be/9Ib7-WiukzE
by Simon Black If your retirement plans consist entirely of that pension you’ve been promised, it’s time to start looking elsewhere. As you probably know, pensions are giant pools of capital responsible for paying out retirement benefits to workers. And …
If you're waiting for a bigger piece of the growing U.S. economic pie, you aren't alone. A colleague's chart looking at the slicing. pic.twitter.com/nQ0wh9qCNs — Dave Wilson's Archive: Chart & Stock of the Day+ (@TheOneDave) August 24, 2018 pic.twitter.com/GNLDJZkER8 — …
Jobs Report – Big government gets even bigger (Link to article below) http://www.cbc.ca/news/business/canad…
BY SRSROCCO In just the past few years, global asset values have risen to the biggest bubbles in history. Unfortunately, this doesn’t seem to be a concern to the market because most people believe they are getting richer. However, rapidly rising …
Howard Bloom explains how the military industrial complex has evolved into the space military industrial complex. The system is simple. Giant contracts with monopolies for products such as super telescopes or f-35’s that go billions over budget and don’t deliver …
by Dave Kranzler of Investment Research Dynamics The XHB homebuilder ETF is decisively below three key moving averages after it knifed below its 50 dma last week. KB Homes reported a big earnings and revenue “beat” on Thursday after the market closed. The …
by Daniel Carter Now that I have your attention, I must say: I don’t really like accusing people of being “fascists” or “Nazis”. These words have become overused and quite meaningless in recent years. However, that hasn’t stopped the left from …
Huge spikes in the convertible bond market don’t tend to last for more than a year at a time. And the top two years for convertible bonds in the internet era 2000 and 2007 were both quickly followed by market …
via stockboardasset: Matt Maley of MillerTabak discusses Deutsche Bank’s problems and the risk that poses to global markets, and says investors aren’t looking at the Italy crisis the right way. ***** Deutsche Bank (monthly) crash, crash, crash, and more crash.
Well if we are going to have bigger deficits either way, I’d rather have lower taxes then more services that I will never get to use. MJ
