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Michael Avenatti agreed Wednesday to relinquish financial control of his longtime law firm hours after a former partner filed papers accusing him of hiding millions of dollars from the court … Read more
BY SRSROCCO The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed … Read more
by Dave Kranzler of Investment Research Dynamics The retail sales report for December – delayed because of the Government shut-down – was released this morning. It showed the largest monthly drop since September … Read more
An inverted yield curve predicts recessions. h/t br_anonbinary
by Nomi Prins via Daily Reckoning In the land of the Federal Reserve and its market-manipulating mechanisms, there’s now an unofficial market term called the “Powell Put” or the “Powell Pivot.” It is … Read more
via visualcapitalist: Since the invention of banking, the global financial system has become increasingly centralized. In the modern system, central banks now control everything from interest rates to the issuance of … Read more
It just doesn’t get any funnier than that! How do you feel about your communist liars now democrats?? 21 Wall Street billionaires 21 to 1 voted for Hillary Clinton over … Read more
For all the palpitations that the trade war between the U.S. and China will knock out their economies, it is Europe that increasingly looks like the biggest threat to global … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Liquidity issues at bond mutual funds could result in wider contagion and affect other parts of the financial system and the macro economy.” Bond investors go … Read more
via stratfor: Highlights A combination of domestic and external forces will continue to slow Italy’s economy in 2019, resulting in a lower-than-expected GDP expansion in the third largest economy of the … Read more
You don’t have to be concerned about the Fed’s balance sheet anymore. Former Fed president, BIll Dudley has literally said “Stop worrying about the Fed’s balance sheet”. I feel better … Read more
by Charles Hugh-Smith The global economy is way past the point of maximum debt saturation, and so the next stop is debt exhaustion. Just as generals fight the last war, … Read more
by GoldCore 7. Diversify, diversify, diversify – Truly balance your savings and investments 6. Avoid leverage and speculation and focus on saving and owning quality assets 5. Don’t make money … Read more
by Question-Asking_Prof – The theory here is that there are a ton of boomers out there with fat IRAs. – Short-selling is not allowed in an IRA. – But the … Read more
via silverdoctors: I think Zero Hedge has sold-out. No, I’m not butt-hurt for not being one of their featured authors. For those who don’t realize it by now, ‘Ol Half Dollar can’t stomach … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Patient” has become the Fed’s favorite word in recent weeks as just about all Fed governors slipped it into their speeches. Today the word made its … Read more