Spreading the truth. Empowering the people.
via axios: Data: Trading Economics and U.S. Dept. of Commerce; Chart: Axios Visuals Even before President Trump heated up the trade war again, consumers in both the U.S. and China were slowing down their … Read more
The Federal Communication Commission announced plans Monday to instruct major phone companies to update their caller ID services to help combat so-called spoofed robocalls. FCC Chairman Ajit Pai will host … Read more
By David Stockman According to Moody’s Investors Service, the now $3.9 trillion ETF industry could result in a toxic feedback loop of selling when market makers step away from supporting assets during … Read more
by Michael Snyder It has been quite a year. In March, catastrophic flooding in the Midwest absolutely crippled thousands of farms and “as many as a million calves” were lost in Nebraska … Read more
by John Ward After the 2009 Crash, the Queen asked why nobody saw it coming. After Crash2, there may well be bricks hurtling through her windows. The social change that will … Read more
From Birch Gold Group According to CNN, next week the U.S. and China will begin the first of at least two scheduled trade war talks in an effort to move closer to … Read more
Debt collecting is an age-old business but it may soon receive a 21st-century revamp when the Consumer Financial Protection Bureau, an agency created in the wake of the financial crisis … Read more
by David Morgan from The Morgan Report U.S. Consumers Are Tapped Out – www.themorganreport.com. Look around you… U.S. Consumers Are Tapped Out. Watch our weekly perspective to see why U.S. Consumers Are Tapped Out. … Read more
Market Keeps Rallying on Regurgitated News – The Dow Jones started off the final day of the week with a pretty strong rally; we were up a little better than … Read more
Reason TV, Released on 2/26/19 The U.S. sugar program is “Stalin-style price controls,” Ross Marchand of the Taxpayers Protection Alliance tells John Stossel.
by confoundedinterest It seem s that banks willingness to lend to consumers hass fallen. Perhaps it should be an index of “Willing.” Bank willingness to lend to consumers, a prime driver of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Welcome to the Big Club of Saturation & Decline. For the month of December, light new-vehicle sales in China plunged 13%, compared to a year ago, … Read more
Three big factors behind Apple’s big sales slump and dire warning about China from CNBC. via CNBC: Apple’s latest iPhone models are seeing huge discounts from retailers in China. The … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter We knew “free money would inevitably end. Affordability would become an issue – particularly around new vehicles.” It has been a tad rough in the stock … Read more
J. Paul Getty said it best, “If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the banks problem.” But when that debt … Read more