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by Michael Snyder This is the worst natural disaster that the Bahamas have ever seen. For hour after hour, Hurricane Dorian has remained almost stationary over the islands, and the … Read more
Goldman Sachs lowered its fourth-quarter growth forecast by 20 basis points to 1.8%, citing a larger than-expected impact of recent trade war events. “The drivers of this modest change are … Read more
www.marketwatch.com/story/amd-stock-slides-as-revenue-forecast-comes-in-light-2019-07-30?mod=hp_investing AMD said expects adjusted third revenue of $1.75 billion to $1.85 billion, while analysts had forecast on revenue of $1.94 billion. The company reported second-quarter net income of $ … Read more
by WARREN MOSLER Slow motion trainwreck by Agent Orange, aka Tariff Man, continues… Below 50 indicates contraction: Demand for Saudi oil has fallen back: Saudi pricing of discounts generally trending … Read more
In 2019, more and more people are getting attracted to the world of cryptocurrencies due to the sudden rise of Bitcoin. Long after the summer of 2018, the market value … Read more
J.P. Morgan economists slash their outlook for second-quarter growth to just 1% from a previous 2.25%. The economists also change their view that the Fed’s next move was an interest … Read more
Whole Foods will slash prices on hundreds of items starting Wednesday Whole Foods will slash prices on hundreds of items starting Wednesday. Customers will save an average of 20 percent … Read more
From Birch Gold Group Only two and a half months ago, the Fed signaled two rate hikes for 2019. But the Powell-led Fed appears confused because they’ve just adjusted that forecast to zero. … Read more
by Mac Slavo of SHTFplan The UCLA Anderson Forecast announced Wednesday that the United States economy is at a “very real risk” of falling into a recession in the year 2020. “A year ago … Read more
by WARREN MOSLER Well done Professor Kelton! Stephanie Kelton explains Modern Monetary Theory This is particularly ridiculous: U.S. offers up to 6 million barrels of oil from emergency reserve (Reuters) … Read more
by William Stickevers Bitcoin Forecast 2019 PDF Now Available The Bitcoin Forecast 2019 is comprised of a Blackbox graph and AstroSignature for Bitcoin. The Blackbox is like a Dow Jones … Read more
Wall St. For Main St., Released on 1/24/19 Jason talks about how the IMF just downgraded their global economic growth forecast again. This is now twice in the last 3 … Read more
Photo by Bank of England | CC BY From Birch Gold Group This week, Your News to Know rounds up the latest news involving gold and the overall economy. Stories include: Goldman raises its 2019 … Read more
Winter Storm GIA Update and Snow Forecast so you know what to expect over the next 72 hours. BBC wants your dog to eat flies as a substitute for dog … Read more
by WARREN MOSLER December 2018 CBO Monthly Budget Review: Total Receipts Up by 1% And Spending Up 9% in the First Quarter of Fiscal Year 2019 The federal budget deficit … Read more
The bank cites “a sharp deterioration in risk sentiment following soft macroeconomic data in December and renewed concerns about the future direction of growth.” From CNBC: Goldman Sachs has found the … Read more