Dec 08 11:49

Fed comments, Trump watching stocks

Dec 08 11:35


Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which the leader is touting as the first state-backed oil-backed digital currency.

Dec 08 11:27


CNN reports that White House chief of staff John Kelly is expected to resign soon. There have been similar rumors before, but this time the news may actually be true. That is bad for Trump and U.S. policies. Kelly is one a the few counterweights to national security advisor John Bolton. His replacement will likely be whoever Bolton chooses. That will move contFrol over Trump policies further into the hands of the neo-conservatives.

Dec 08 11:18

The 'Everything Bubble' has popped

Dec 08 10:39

What is

The following is an interview we conducted with the administrator for the website The website tracks suicide attempts and suicides from the Skyway Bridge. The Skyway Bridge is in the Tampa Bay area of Florida. It joins the cities of St. Petersburg and Palmetto/Bradenton together.

CT: What is

SB: is a website focused on those that choose to jump off the Skyway Bridge of their own accord and less about the iconic structure that greets tourists as the gateway to Tampa Bay.....

Dec 08 09:52

Israel Signs Pipe Deal to Rival Russia as Gas Supplier to Europe

Following two years of negotiations, Israel has signed an agreement with Italy, Greece, and Cyprus to lay the longest gas pipeline in history, Israel’s Channel 2 reported Saturday night.

The pipeline will traverse a distance of 1,242 miles and lie at a depth of between 1.8-to-3 miles. It will provide gas to Europe from Israel’s offshore fields.

Dec 08 09:46

OPEC agrees to cut oil output by 1.2 million barrels per day, despite US pressure

OPEC and its partner countries have agreed to cut oil output by a combined 1.2 million barrels per day (bpd), Iraq's oil minister said, despite pressure from the United States to reduce the price of crude.

"We'll cut 1.2 million bpd total," Thamer Abbas al-Ghadhban told reporters after a meeting of the international organisation in Vienna, as reported by AFP news agency.

Al-Ghadhban said the amount - equivalent to more than one percent of global oil production - would comprise an 800,000 bpd reduction distributed among the 14 members of OPEC and 400,000 by non-cartel partners, including Russia.

Dec 08 09:43

Employment, NYSE margin debt

Dec 08 09:19

Hypocrisy Is Baked Into The Policy Process

By Veronique de Rugy

I have written in the past about the profound inconsistencies that exist in government. For instance, Congress routinely passes legislation that works against the consequences of existing statutes. A good example is the nest of legislation regulating agriculture. It includes provisions that increase the price of food (e.g., the sugar program) and others that lower the price of food for some buyers (e.g., food stamps).

Dec 08 08:56

Trend Carefully

Dec 08 08:00

Shorting Is Becoming A Meme..

Dec 08 06:43

Are We in a Recession Already?

Dec 08 06:28

Change Happens Fast

Dec 07 15:31

Huawei Executive Had at Least 7 Passports From China, Hong Kong - Court Files

Dec 07 13:36

PUTIN ANNOUNCED: Soon the end of negotiations with Serbia

Russian President Vladimir Putin expects the negotiations of the Eurasian Economic Union with Serbia on the Agreement on Trade Preferences soon to be completed.

"We expect that negotiations on preferential trade agreements with Singapore, Israel, Serbia and in the future with India and Egypt will soon be completed," Putin said at a meeting of the Supreme Eurasian Economic Council, according to the Russian agency Tass.

Speaking about EEU member states, Putin said that they should consider the idea of creating a common payment infrastructure, which, he said, would improve the stability of the national payment systems of the EEA countries, enabling them to be less dependent on dollars and other foreign currencies.

Dec 07 12:52

Gusher: Feds ID largest energy find ‘ever,’ worth 7 years of fuel

The Interior Department has identified a massive basin of oil and natural gas in Texas and New Mexico, enough to cover nearly seven years of all U.S. needs.

"Christmas came a few weeks early this year," said Interior Secretary Ryan Zinke in announcing the discovery, which his department described as the “largest continuous oil and gas resource potential ever assessed.”

Dec 07 12:51

Huawei CFO Arrest is a ‘Declaration of War’ Says Editor of Global Times

The arrest of a top Chinese technology executive by Canadian authorities acting at the behest of the United States is threatening to upend the Trump administration’s efforts to sustain a trade truce with China.

The arrest of Sabrina Meng, the chief financial officer of China’s largest mobile phone marker, has been condemned by Chinese officials, who are calling for her immediate release. The U.S. has reportedly requested Meng be extradited to New York, where she would reportedly face federal charges of violating Iran sanctions.

Dec 07 12:47

US 'more likely than not' to double China tariffs when truce ends

The bottom line on President Trump's trade truce with China is this, says Goldman Sachs: Once negotiators have finished their three months of talks, the U.S. is 'more likely than not' to double most of the tariffs imposed on its rival's products this year.

In other words, the risk of further escalation in a trade dispute between the world's two largest economies has been delayed rather than significantly reduced, and concerns that the conflict will hurt corporate profits while undermining the benefits of last year's GOP-led tax cuts are likely to continue casting a pall over U.S. financial markets.

Already, a nearly weeklong swoon in U.S. stocks has wiped out initial gains after Trump announced the results of his negotiations with Chinese President Xi Jinping in Buenos Aires.

Dec 07 11:15

Bitcoin crashes to new 2018 low as crypto market continues nosedive

Bitcoin plunged more than 12 percent on Friday, falling below $3,400, its lowest point in over a year. The world’s most popular cryptocurrency is worth six times less than it was last December, when it traded at $20,000.

Dec 07 10:46

Economic Downturn: Credit Cards Aren't Being Paid, Accounts Are Being Closed

A new report is shining some light on an indicator that the economy is about to take a major downturn. Credit card accounts are not being paid and some accounts are being closed in anticipation for an upcoming recession.

Credit-card delinquencies, application rejections, and involuntary account closures are all on the upswing, according to a report from the Federal Reserve Bank of New York. According to Business Insider, The Fed says these developments reported are “potentially concerning” given the strength of the economy and comparatively low interest rates.

Dec 07 10:04

How the Feds Wasted $5 Trillion

Dec 07 09:15

Mortgage Rates Explain Housing Weakness

Dec 07 09:00

How cash-strapped single mum-of-three turned £10 into £1MILLION business

Just six years ago, Kat Spencer, 46, was a single mother, struggling to provide for her sons Ethan, 21, Harrison, 18, and Luke, 16.
However, her life changed when she forked out a tenner on a selling kit from Gumtree - and she hasn't looked back since.

Dec 07 08:57

Irish Central Bank Refuses To Discuss Gold Reserves In Bank of England Vaults

IRELAND’S Central Bank has refused to say if it plans to move almost €200m worth of gold bars from the vaults of the Bank of England as a result of Brexit, insisting that any such move would be “commercially sensitive”.

The gold reserves have been held by its UK counterpart for a number of years, and the Central Bank has traditionally been coy on the precise details of the reserves, and the terms of the arrangement it has with the Bank of England.

It refused to be drawn yesterday on whether the reserves would be removed from the Bank of England either before or after the Brexit deadline of next March.

“It is for the Central Bank to determine how Ireland’s gold reserves ought to be managed,” a spokeswoman told the Irish Independent.

Dec 07 07:37

ETFs: This New Development Speaks Volumes

Dec 07 05:47

Do you think central banks will turn around?

Dec 06 20:52

The Canary In The Coal Mine Has Died...

Dec 06 16:46

Wintel dust up: Intel supply woes vs Win10 demand

The PC industry is trapped in a battle between the immovable objects that are Intel shortages and crap consumer demand, versus the unstoppable force of enterprises upgrading to Windows 10.

Analyst house IDC has forecast shipments to Western European channels - distributors and retailers - to shrink 3.3 per cent this year to 76.3 million PCs and by another 3 per cent in 2019 to 74 million.

Dec 06 16:19

Another one: The Weekly Standard is DONE

Dec 06 15:33

Trump Reportedly Unaware Of Huawei Extradition Request Before Xi Dinner While Trudeau Knew

As questions swirl over who knew what, when before, during and after the historic Trump-Xi dinner, we previously learned that National Security Advisor John Bolton revealed that he knew in advance that Canadian police were preparing to arrest Huawei CFO Wanzhou Meng, meaning that Bolton knew that Meng was being taken into custody when he sat down alongside President Trump for Saturday's dinner trade talks with Chinese President Xi Jinping.

Webmaster's Commentary: 

Is Trump being "mushroomed?"

Dec 06 12:38

Study: Half of All High School Students Don’t Trust the Media to Report Accurately and Fairly

An increasing amount of distrust in the news media is a hot topic these days. While adults and consistent news consumers are usually the focus of such studies, those who are still in school are often left out of this conversation. And they shouldn’t be, especially considering the findings below.

Dec 06 12:29

The problematic nature of current bond yields

Dec 06 12:22

Qatar’s decision to quit OPEC raises doubts about the future of the oil cartel

The decision by the State of Qatar to leave the Organisation of the Petroleum Exporting Countries (OPEC) by January 2019 has raised eyebrows and set off speculation as to the extent of tensions and discord within the 15-member intergovernmental organisation.

The dominant analysis centres on Qatar’s spat with Saudi Arabia and the Qataris’ desire to abandon an organisation which many feel is overly influenced by the Saudis. Notwithstanding official Qatari denials that their decision to leave OPEC is linked to the Saudi-led embargo, nonetheless the Saudis are likely to interpret the move as a further sign of Qatar’s growing independence in the Arabian Gulf region.

Beyond the immediate political effect, Qatar’s decision raises difficult questions about the future of OPEC. There will be fears in Riyadh about a sudden meltdown, especially in light of speculation that Iraq may be the next country to leave the organisation.

Dec 06 10:51

State Dept Says Kerch Incident Should Remind EU Why Nord Stream 2 'a Bad Idea'

The recent conflict between Russia and Ukraine in the Kerch Strait should serve as a reminder to European allies of the United States why the Nord Stream 2 gas pipeline project is a "bad idea," a senior State Department official told reporters in a press briefing on Tuesday.

"I would say the Kerch incident is a reminder that the less infrastructure you have, the less gas infrastructure you have bypassing Ukraine because of Nord Stream 2, the weaker the deterrent – deterrence is to Russian acts of military aggression," the official said in Brussels.

Dec 06 10:25

Bayer pharma workers protest 12,000 worldwide job losses

Despite a pledge not to have lay-offs until 2025, a "significant number" of the job cuts at Bayer will be in Germany. More than 1,000 employees in the western city of Wuppertal came out to protest a plant closure.

Dec 06 10:23

800 Laid Off at Panama City Hospital Damaged by Hurricane Michael

Bay Medical Sacred Heart, Panama City’s largest hospital is in the process of laying off about 800 employees from its main facility. The hospital sustained extensive damage from Hurricane Michael...

Dec 06 10:22

Massive Drawdown of Physical Metal

Dec 06 10:07

US Mulling Over 'Variety of Things' to Stop Nord Stream 2 Construction - Bolton

The United States has on multiple occasions spoken against the construction of Nord Stream 2, with President Donald Trump blasting EU countries for their support of the project and urging them to abandon it in favour of American LNG.

In an interview with Wall Street Journal managing editor Gerard Baker, US National Security Advisor John Bolton said that Washington was considering some options on how to “deter” Russia, including measures to stop the construction of the Nord Stream 2 gas pipeline.

“Well, there are a lot of sanctions that are already in place against the Russians, more could come. The president has repeatedly said, for example, [that] Germany should cancel the Nord Stream 2 gas pipeline, that we are looking at a variety of things we could do there…” he said.

Dec 06 10:07

Peskov: Gas Transit Through Ukraine to Be Possible After Launch of Nord Stream 2

Russian gas transit through Ukraine may be continued even after the launch of the Nord Stream-2 pipeline, Kremlin spokesman Dmitry Peskov said Tuesday.

"Actually, this transit will be possible, but again, everything depends on the Ukrainian side,” Peskov told reporters when asked about the statement made by German Chancellor Angela Merkel, which states the need to guarantee further transit of Russian gas through Ukraine.

"There is no talk of stopping transit after the commissioning of the Nord Stream, this transit may be continued," he said, adding that Putin had earlier voiced this position.

Dec 06 10:05

Trump’s Trade War Dilemma And Gold

If the “risk on/risk off” stock market meme was absurd, its derivative – the “trade war on/trade war off” meme – is idiotic. Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by Trump, Larry Kudlow or China, which are suggestive of the degree to which Trump and China are willing to negotiate a trade war settlement.

Please do not make the mistake of believing that the fate the of the stock market hinges on whether or not Trump and China reach some type of trade deal. The “trade war” is a “symptom” of an insanely overvalued stock market resting on a foundation of collapsing economic and financial fundamentals. The trade war is the stock market’s “assassination of Archduke Franz Ferdinand.”

Dec 06 10:01

Payroll growth slows in November as labor market tightens

Companies slowed the pace of job creation in November as the labor market indicated more signs of tightening, according to a report Thursday from ADP and Moody's Analytics.

Private payrolls increased by 179,000, below the 195,000 growth expected by a Refinitiv survey of economists. The number also was a drop from the 225,000 in October and below the 203,000 prior monthly average.

Job gains were concentrated in medium-size businesses, with 50 to 499 employees, and came almost exclusively from services-providing companies.

Dec 06 09:49

Facebook's value plunges by $9.5BILLION as soon as markets open following document leak which showed the company was 'anti-competitive'

Shares opened around 2.5 per cent down, wiping an estimated $9.5billion off the company's $379billion value, but rebounded slightly to 1 per cent down 90 minutes after trading started.

The documents showed Facebook 'aggressively' pursued competitors, used its platform to cripple rivals, and leverage developers for advertising money, setting up conflicts with regulators and politicians around the globe.

Dec 06 09:36

Dow slides 700 points after Huawei executive's arrest renews trade fears

Market sentiment is so fragile that news of an arrest is enough to set off a selling wave.

The Dow plunged 700 points, or 2.8%, on Thursday. The S&P 500 lost 2.6%, while the Nasdaq fell 2%.

The arrest of Huawei CFO Meng Wanzhou in Canada at the request of the United States renewed doubts about the US-China truce.

Dec 06 08:27

Trader who correctly called Tuesday’s crash lays out what happens next

Having correctly predicted the “breaking point” trigger for the S&P’s Tuesday plunge – which incidentally coincided with the 200DMA – at which CTAs would collectively puke, Nomura’s head cross-asset quant Charlie McEllgiott, is back with a note slamming his critics (apparently those who failed to be right decided to deflect their lack of added value by criticizing the Nomura strategist), while also mapping out what’s next for the market should the current risk waterfall continue.

Dec 06 07:25

Harry Dent – Japan Real Estate Crisis