ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 03 15:28

Let’s call a shovel a spade

There is no such thing as ‘shovel ready’ sitting on someone’s shelf waiting to go. With Trump’s construction background, he knows that and after exposure of Obama’s empty ‘shovel ready’ shelf, the Democrats know that. Repairing a creaky infrastructure requires substantial engineering for development of documents that the shovel wielders can bid on which will take a minimum of two to three years to even be bid-ready.

Feb 03 15:26

The Central Banks Face Unwelcome Realities: Their Policies Boosted Wealth Inequality and Failed to Generate "Growth"

Rather than be seen to be further enriching the rich, I think central banks will start closing the "free money for financiers" spigots.

Feb 03 14:25

It’s Time We Talked About Our Owners

How vast asset managers impact “our increasingly cartelized economy.”

Feb 03 13:53

Trump Just Declared Open Season on Suckers

The president is framing his deregulation plan as a way for consumers and bankers to enjoy more freedom. Because, you know, that worked so well the last time around.

Feb 03 13:26

The “Other” Dow Theory Is Waving A Red Flag

While the Dow Industrials remain near all-time highs, the Utilities are well off of their highs; this has signaled trouble in the past.

Feb 03 13:18

Is Trump Setting His Sights On The Federal Reserve To Expose It?

Brazil's unemployment creeps up. US continuing initial claims continually rises.

Feb 03 13:04

Inflationary fears could soon return

Inflation is quietly ticking higher across most of the world’s major economies.

Feb 03 13:02

China’s demand for gold can’t be met

A couple of weeks ago, I was in Toronto meeting with gold industry experts. One night, I spoke with a man who has been in the gold business for over 45 years.

For over four decades, this man has bought and sold gold. He has bought and sold gold mining shares. He has bought and sold gold mines. During this time, he has also worked with the Chinese government, Chinese industry and Chinese investors. He knows a few things about gold, and about Chinese gold.

Feb 03 12:43

This bond bull isn’t dead yet

“The bond bull market is over!” How many times have you heard that in the past six months? The past year? Or, for that matter, the past five years?

Time and again, the bond bears have declared the bull market over. They just can’t believe U.S. rates can possibly go lower. Time and again the bears have been proved wrong, and the bond market rally continues.

Feb 03 11:07

IRS MOVES TO REVOKE PASSPORTS FOR UNPAID TAXES

Feb 03 10:46

Gold, Platinum on Faber's Radar; Expect 'Year of Disappointments'

Investors may be in for a “year of disappointments” and precious metals may prove to be a useful hedge, this according to famed contrarian investor Marc Faber.

Feb 03 10:44

The problems of the banks have not gone away

Feb 03 10:44

Gold & Silver about to repeat very bullish pattern?

The movie Groundhog’s day, was released back in 1993, starring Bill Murray. Murray plays an arrogant Pittsburgh TV weatherman who, during an assignment covering the annual Groundhog Day event in Punxsutawney, Pennsylvania, finds himself caught in a time loop, repeating the same day again and again.

Feb 03 10:34

U.S. Job Growth Beats Expectations In January, Wages Soft

U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, which likely gives the Trump administration a head start as it seeks to boost the economy and employment.

Nonfarm payrolls increased by 227,000 jobs last month, the largest gain in four months, the Labor Department said on Friday. But the unemployment rate rose one-tenth of a percentage point to 4.8 percent and wages increased modestly, suggesting that there was still some slack in the labor market.

Revisions to November and December showed the economy created 39,000 fewer jobs than previously reported. Still, the labor market continues to tighten, which could soon spur a faster pace of wage growth. Federal Reserve officials view the labor market as being at or near full employment.

Webmaster's Commentary: 

Oh, really?!?

At "full employment"?!?

Then how does the Fed account for these numbers?!?

95 million Americans not participating in the labor force as of December, 2016

There is one of two possibilities here; either the Fed, and Reuters, are lying their collective heads off, or the "95 million Americans not participating in the labor force" headline is a lie.

These numbers are mutually exclusive.

Given the propensities of both Reuters and the Federal Reserve to lie to the American people with impunity, I would tend to trust the source for the zerohedge.com article.

Feb 03 09:37

TRUMP TO SIGN EXECUTIVE ORDERS SCALING BACK FINANCIAL REGULATION

On Friday, President Donald Trump plans to sign an executive action to scale back the 2010 Dodd-Frank financial-overhaul law, in a sweeping plan to dismantle much of the regulatory system put in place after the financial crisis. The order won't have any immediate impact. But it directs the Treasury secretary to consult with members of different regulatory agencies and the Financial Stability Oversight Council and report back on potential changes.

"There are quite a few things that we could do on Dodd-Frank ... that we think will have fairly immediate and dramatic impact," the official said, including personnel changes at regulatory agencies and additional executive orders.

Feb 03 08:53

Irreversible Damage - The U.S. Economy Cannot Be Repaired

As I outlined in my article 'The False Economic Narrative Will Die In 2017', the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the course of the next year. The signs are already present, and this fits exactly with the basis for my prediction of the Trump election win - conservative movements are indeed being set up as scapegoats for a global economic crisis that international financiers actually created.

Feb 03 08:44

SOMETHING SIMPLE

The biggest "question of importance" referred to in the most revealing quote above is:
WHO GETS TO CREATE MONEY FOR A NATION? ..... ITS GOVERNMENT, INTEREST FREE, OR PRIVATE BANKING CORPORATIONS, THAT "LEND" THE MONEY TO THOSE GOVERNMENTS WITH INTEREST ATTACHED.
AND BURY US ALL IN TOTALLY UNPAYABLE DEBT.

Feb 03 08:35

Guess which major Hollywood studio has suffered a whopping $913 MILLION loss?

THE BOX OFFICE failure of major Hollywood movies like Passengers, Inferno, Arrival and Billy Lynn’s Long Halftime Walk have contributed to Sony Pictures’ epic $913 million (£730 million) loss.

Feb 03 08:31

Work until you DROP! Ministers WILL raise retirement age to 74 - shock Treasury prediction

BRITONS in their 20s face decades of hard work ahead of them as the Treasury predicts the retirement age will rise by 10 years to 74 as the cost of living longer spirals out of control.

Feb 03 07:57

Apple missed deadline for multi-billion euro tax payment to Ireland

American tech giant Apple has not paid all the €13 billion ($13.9 billion) owed to Ireland for receiving illegal tax benefits despite passing the deadline, according to EU competition chief Margrethe Vestager.

Feb 02 17:53

GoPro lost $373 million during its awful 2016

Feb 02 17:42

2016: Snapchat loses $515m... 2017: Snapchat rips veil off $3bn IPO

'AND WE MAY NEVER MAKE A PROFIT,' laughs photo-spaff app maker all way to the bank

Feb 02 17:38

Is America in a Bubble & Will America Ever Return to "Normal"

Analysts and talking heads have an awful lot of opinions. Are we in a bubble or aren't we. Rather than offer another opinion, I'll offer the relationship of US economic activity (GDP) against the Wilshire 5000 (representing US equities) and the Federal Reserves gauge of American wealth, Z1 Household Net Worth series. Then you decide.

Feb 02 15:28

The Market Looks Tired Here and About To Roll Over

We discuss the weak price action of the market, and we think the market is about to roll over and test the 2180-2200 area, we want to stay short into these levels, and see how stocks and the financial markets react to these levels from a stops evaluation basis.

Feb 02 15:18

One Income For All: Far-Fetched, Or Future Fact?

It is a utopian idea, literally, but is enjoying a renaissance as politicians and policy wonks grapple with technology-driven changes that could redefine our very understanding of work.

If robots and machine intelligence threaten to render many white-collar jobs obsolete, then what will people do for money?

Feb 02 15:15

Rents Plunge in Costliest US Cities, Soar in Mid-Tier Cities

Something is afoot.

Feb 02 14:51

The Coming Crisis in Central Banking

The question of when will central banks fail is a popular one that comes in. Suffice it to say, the turmoil will hit Europe first. While so many people blame the Fed for all sorts of things, you must realize that Roosevelt usurped the Fed during the Great Depression and imposed a single interest rate administered from Washington.

Feb 02 14:41

The US Economy Flashed Another Major Warning Sign Of A Depression

UK Parliment authorizes Theresa May to proceed with Article 50. Italian youth unemployment surges to 40%. US adds unexpected 246k jobs in January.

Feb 02 14:38

Car Sales Crash, But It’s Complicated

Despite what you might think, automakers did not “cut back” on fleet sales. But keep an eye on Uber & Lyft.

Feb 02 14:36

As the War on Cash Accelerates, Governments Look to Bitcoin

With India’s recent move toward a cashless society, it’s becoming increasingly clear that a worldwide effort is underway to move away from physical currency, according to Norbert Haering, Ph.D., writer for Germany’s leading business newspaper, Handelsblatt, and author of The Abolition of Cash and the Consequences.

Feb 02 14:13

Andrew Hoffman – Coming Apart at the Seams!

Feb 02 13:41

The biggest threat to stocks (that nobody is talking about)

The biggest threat facing stock market investors today isn’t the sluggish economy, a potential recession, the Trump presidency, potential Fed hikes or even a terrorist attack.

Feb 02 12:49

How critical NAFTA is for Mexico

NAFTA, since its inception has been one of the most controversial trade agreements in the world. In its essence, it was bound to create some disturbances and radical shifts in the economies of the three nations- Canada, USA, and Mexico. However, NAFTA is now mostly discussed because of a seemingly unavoidable trade war between Mexico and US, an unfortunate event for regional and global trade if it happens.

Feb 02 12:29

"This Is Unacceptable" - Congressman Slams Yellen For Prioritizing Foreign Banks Over "America's Interests"

Finally, the Fed is in Trump's sights.

In what may be a harbinger of major headaches to come for the Fed, a recent letter (Jan. 31) penned by Republican representative Patrick McHenry, Vice Chairman of the Financial Services Committee, has lashed out at Janet Yellen, telling the Fed chair in no uncertain terms that "despite the clear message delivered by President Donald Trump in prioritizing America's interest in international negotiations, it appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands without transparency, accountability, or the authority to do so."

His assessment of this ongoing activity by the Fed: "This is unacceptable."

Feb 02 12:26

The short seller who nailed Valeant has a new target

Andrew Left sure knows how to pick a fight.

A little more than a year after his improbable takedown of Wall Street darling Valeant Pharmaceuticals, the blustery short seller is at it again. And the head of Citron Research is using the same blueprint as he sets his sights on TransDigm and its founder and Chief Executive Officer Nicholas Howley.

Feb 02 11:49

Bernie Sanders and Rand Paul in a Steel Cage Death Match

Prompted by Senator Paul, Price said that during his days working in a hospital and later when he was in private practice, everyone who turned up was treated even if they could not pay. What Paul and Price neglected to mention is that you’ll still get a bill and God help you if you can’t pay. If you have assets—say, a house, you may have to kiss your house goodbye.

Neither Price nor Paul once uttered the dread word “bankruptcy.” Nor did they hint that medical costs are a leading cause of personal bankruptcies in the US.

Feb 02 10:09

AMERICA'S FIXATION ON OVER-CRIMINALIZATION COSTS US $152 BILLION EVERY YEAR

Police State America's fixation on over-criminalization costs taxpayers $152 billion every year! According to a report by the Prison Policy Initiative nearly $81 billion goes to running the correctional system and all of the costs that families have to pay to support their incarcerated loved ones.

Feb 02 09:38

What Do Rising Input Costs Mean For The Economy And Companies?

For years, low inflation level kept many economies and central banks on their toes. The environment did not seem very conducive for business. In fact, low inflation had almost become a steady backdrop for any investment.

Feb 02 09:31

Universal Basic Income: Far-Fetched Or Inevitable?

It is a utopian idea, literally, but is enjoying a renaissance as politicians and policy wonks grapple with technology-driven changes that could redefine our very understanding of work.

If robots and machine intelligence threaten to render many white-collar jobs obsolete, then what will people do for money?

Feb 02 09:14

REPS. KAPTUR, JONES, RYAN AND GABBARD CALL TO REINSTATE KEY PROTECTIONS TO REIN IN WALL STREET

At a press conference today, Rep. Marcy Kaptur (OH-09) was joined by Reps. Walter Jones (NC-03), Tim Ryan (OH-13) and Tulsi Gabbard (HI-02) to introduce the Return to Prudent Banking Act and urge President Donald Trump to live up to his campaign promises on reinstating Glass-Steagall protections in our banking system.

Feb 02 08:27

FLASHBACK - INTRODUCING - THE LECTRO!!

To be useful as money, the medium for exchange must be something that is universally agreed upon to have value while at the same time existing in enough supply to prevent manipulation by the money-junkies. In arguing about a new value standard for money one detractor argued that gold was the only possible basis for a new monetary system because only gold was universally valued. Obviously, that is not true. One could walk into any nation carrying a gallon of gasoline and find someone willing to trade for it. So clearly, other mediums of exchange are possible, even if we did not have prior history to assure us if their validity and success.

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Feb 02 08:13

Facebook's Oculus Hit With $500 Million Jury Verdict

Facebook has to write a $500 million check to cover damages from its VR subsidiary Oculus, according to a Dallas federal jury.

ZeniMax Media sued Oculus in 2014, claiming its co-founder Palmer Luckey violated a non-disclosure agreement with the company and stole intellectual property including copyrighted computer code, trade secrets and "technical know-how." Luckey then used that information, ZeniMax claims, to create Oculus Rift and secure a $2 billion acquisition by Facebook.

Feb 02 08:11

‘It Looked Ugly’: Firm Tied to Clintons Lands First Day On Open Market, Tanks Immediately

Laureate’s relationship with the Clintons began in 2010, when it paid the former president $16.5 million as its “honorary chancellor” for five years. Baltimore-based Laureate — led by chairman and CEO Douglas Becker — also donated up to an additional $5 million to the Clinton Foundation.

And during Hillary Clinton’s tenure, the Department of State’s U.S. Agency for International Development awarded $55 million to the International Youth Foundation (IYF), which is linked to Laureate and is chaired by Becker.

The issue of Laureate’s Clinton ties came to a head in a July 15, 2016, letter to IRS Commissioner John Koskinen by 64 Republican members of the U.S. House of Representatives, saying such relationships create “an appearance that millions of dollars in taxpayer money was channeled to IYF by Secretary Clinton’s State Department as a kickback for her husband’s generous contract as an honorary Laureate chancellor.”

Feb 02 08:03

Depression, Stagflation, Stag-Depress-Flation

Everything is wonderful – we have new DJIA highs and a new President. Yes, but:

Feb 02 08:01

Actually, Goldman Sachs ‘Hacked’ the Presidential Election

As the media continues to parrot American intelligence agencies’ as-of-yet unsubstantiated claims that Russia hacked the U.S. election, there is far more evidence to implicate an equally dangerous infiltrator: Goldman Sachs.

Feb 02 08:00

Central Bankers Can't Stop The Economic Collapse Instead They Will Cover It Up

Feb 02 07:05

'Unreasonable burden': House votes to repeal SEC rule on US energy company payments to foreign govts

House Republicans have approved a resolution repealing the rules from the Securities and Exchange Commission (SEC) requiring US energy companies to disclose payments made to foreign governments.

The joint resolution passed on Wednesday, overturns rules that would have required oil, gas, and mining companies to disclose payments made to foreign governments including: fees, taxes, royalties, entitlements, bonuses, and other benefits.

Feb 02 07:01

CEO of one of world's largest company hints that Brussels is irrelevant to business

GENERAL Electric CEO Jeff Immelt has dealt a blow to the EU by saying he believes the wavering block does not play a big role when it comes to business.

Feb 02 06:41

Exports Booming for German Weapons Manufacturers

A decrease in orders from its own military has led Germany's arms industry to turn the focus of its sales efforts abroad. It has recently enjoyed amazing successes despite seemingly strict export controls.

Feb 02 05:55

The Central Banks Pull Back: Now It's Up to Fiscal Policy to "Save the World"

Another problem is the rise of social discord, for reasons that extend beyond the reach of tax reductions and increased infrastructure spending.

Feb 02 04:57

How To Tackle Systemic Risk In Insurance Sector

Insurance sector is one of the key components of Eurozone. The sector employs over 1 million people directly. Eurozone holds more than 7.3 million euros in assets and growing bigger by the day.

Feb 02 03:15

The Granular Detail of Miami’s Preconstruction Condo Flipping Bloodbath

Microcosm of the condo boom-and-bust cycle.

Feb 02 03:11

“Watch Out for the Shock”: Asset Manager Natixis

Investors have gotten so used to central bank “laxity” they “cannot believe it will end.”

Feb 01 18:00

Marin County Illegally Refuses Subsistence Money to Thousands of Poor Residents

In California’s wealthiest county live up to 6,000 desperately poor residents, most of them neglected by the County’s government. In a lawsuit filed on January 31 in Marin County Superior Court, three destitute Marin residents charge that the County uses illegal and unfair methods to refuse subsistence aid to its most destitute population.

The suit, filed by Greg Versis, Alfredo Garcia and Lee A. Lee and backed by two major public interest law firms, asks the court to lend order, consistency and openness to the County’s methods for dispensing General Assistance (GA) funds. GA is a county program which provides a small monthly stipend (about $387 a month) to indigent adults.

Feb 01 17:19

Warren Buffet cashes in on Trump success despite backing Clinton in the White House race

BILLIONAIRE investor Warren Buffet snapped up shares worth £9.5 billion after Donald Trump’s election win despite backing Hillary Clinton in the race or the White House.

In an interview with talk show host Charlie Rose, Mr Buffett suggested his company Berkshire Hathaway’s post-election stock purchases overall were even higher, reflecting stocks that his deputies Todd Combs and Ted Weschler bought.

He said: ”We've, net, bought $12 billion of common stocks since the election.

"The guys that work with me, the two fellows, they probably bought a little bit or sold a little bit too."

Market analysts said the speed with which Berkshire is buying stocks was unusual.

In the three months since Mr Trump’s stunning victory Mr Buffet and his colleagues have invested half of their total spend in the previous three years.

Feb 01 17:17

Critically High U.S. Silver Supply Reliance In Jeopardy When Paper Markets Crack

The U.S. silver supply will likely be in jeopardy in the future when the highly inflated paper markets finally crack. This is not a matter of if, but WHEN. If we consider the top two precious metals and copper, silver has the highest net import reliance as a percentage of domestic consumption.

Feb 01 17:11

Amazon Enters A Trillion Dollars Industry But Jobs At Risk

Global shipment transportation is an industry most vital to trade, but often overlooked. In a world where technology is growing rapidly every day, it is difficult to believe that cargo ships can take months to reach their destination.

Feb 01 17:04

The looming liquidity crisis for Amazon; a warning sign for the Longs

Amazon's current ratio has been deteriorating regularly in the last five years. As it is not really making enough "real cash," the company could be easily beset by a liquidity crisis subsequent to a decline in revenue growth.

Feb 01 17:04

Stock Market Highs Make Strong Case for Precious Metal Buys

Dow 20,000 was ushered in with great fanfare. Traders on the New York Stock Exchange sported “Dow 20,000” hats. Even President Donald Trump joined the celebration.

Feb 01 16:45

Why 2017 Could See the Collapse of the Euro

2017 could be the year that the euro collapses according to Joseph Stiglitz writing in Fortune magazine and these concerns were echoed over the weekend by former Bundesbank vice-president and senior European Central Bank official, Jürgen Stark, when he said that the ‘destruction’ of the Eurozone may be necessary if countries are to thrive again.

Feb 01 16:14

Rickards: A Trump-Yellen feud could spark ‘a new Great Depression’ in the coming crisis

Investors are giddy now that the Dow’s broken through the mythical 20,000 mark. Many anticipate Trump’s economic agenda will spur the economy.

Feb 01 15:40

Ron Paul: 2nd Financial Bubble To Burst Soon

If former Rep. Ron Paul (R-TX) is correct, an Economic Doomsday is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. That’s because, as Paul stated, the Federal Reserve has set up the American economy for financial collapse for printing trillions of dollars back in 2008 and 2009.

Feb 01 14:27

Searching for peace in a troubled world

Graham Peebles sees inequality at the heart of conflicts and says to achieve piece one must begin by instilling in individuals the principle of sharing, from which cooperation, tolerance and understanding will flow.

Feb 01 14:26

IMF issues damning report on eurozone fiscal policy

A new study from the International Monetary Fund (IMF) accuses EU countries of running excessive deficits, distorted budgets and poor compliance with financial rules in the single currency area.

Feb 01 14:22

TOM CLOUD PRECIOUS METALS UPDATE: Large Wholesaler Warns When JP Morgan Switches To Go Long Silver

Tom Cloud provided an update on the precious metals market today. He begins discussing about a meeting he had with one of the largest precious metals wholesalers in the country and world.

Feb 01 13:34

The factors that hint towards the U.S Dollar collapse in 2017; how to avoid the risk if it does happen?

The recent events taking place foreshadow a U.S. dollar collapse. Deteriorating relations with China could suggest worsening trade dynamics going forward, but in reality, this risk is substitutable with all big U.S. trading partners.

Feb 01 12:20

Under Armour stock is crashing after it missed the earnings target

Founded in 1996 by former University of Maryland football player Kevin Plank, Under Armour is the originator of performance apparel – gear engineered to keep athletes cool, dry and light throughout the course of a game, practice or workout.

Feb 01 10:47

Will Obama’s Legacy Of Debt Cost Prove As An Hindrance?

The world is patiently waiting for the impact of President Trump’s policies. While the world is occupied in a patient frenzied state to see what Trump has up his sleeves, a monumental American problem is slowly creating troubles for the economy.

Feb 01 10:14

Transportation Secretary Elaine Chao: Highway Trust Fund Will Go Bankrupt By 2021 If We Don't Find New Source Of Revenue: Gas Tax Is No Longer Adequate

Elaine L. Chao was just confirmed yesterday to serve as President Trump's Transportation Secretary. Chao is married to arch-neocon Mitch McConnell and served as assistant Secretary of Transportation under George H.W. Bush, as well as Labor Secretary for 8 years under George W. Bush. On January 11, Senator Deb Fischer questioned Chao about infrastructure and how America is going to pay for all of President Trump's lofty infrastructure projects. Fischer begins by pointing out that the highway trust fund faces a $107 billion dollar shortfall over next 5 years. Chao states that it is imperative for the government to come up with an additional way to fund the highway infrastructure, because the gasoline tax is no longer cutting it.

Feb 01 10:02

Defense Secretary Mattis 'Reaffirms The U.S. Commitment To Defend South Korea'

Not only has U.S. Secretary Of Defense Mattis assured Israeli of his "Unwavering Commitment To Israel's Security", but he had now pledged to do the same for South Korea. A DoD press release issued yesterday stated that "Mattis spoke by telephone with South Korean Defense Minister Han Minkoo to introduce himself and reaffirm the U.S. commitment to defend South Korea and provide extended deterrence using the full range of U.S. capabilities..." It's unclear how our bankrupt U.S. government is going to pay for being policeman of the world.

Feb 01 09:37

Trump Set to Rollback Financial Regulation Passed After the 2008 Crisis

But, of course, this is an area where the new Democrats have neutered themselves because, if you recall, Hillary Clinton supported by Paul Krugman said, "No, no, no. Don't bring back Glass-Steagall."

Well, think how much shorter Dodd-Frank could have been if it had done intelligent things like the following: "The act repealing Glass-Steagall is hereby repealed. The interpretive rules as of 1965 are hereby reinstated 180 days after the effective date of this statute." That removes about 350 pages of statutes and about 2,000 pages of Volcker regulations and interpretations. And, "The Commodities Future Modernization Act is repealed" -- that would have saved, again, 120 pages of statute perhaps and 600 pages of regulation.

Feb 01 09:28

All Eyes on March 1

From March 1, thousands of financial institutions will find themselves subject to new rules that will require them to exchange variation margin on their non-cleared derivatives trades. Four weeks out, the task of meeting that deadline looks as daunting as ever. In fact, it looks a probable that many firms won’t make it, raising the prospect they’ll be temporarily unable to access derivatives markets

Feb 01 09:26

Soros’s bad bet against Trump cost his clients $1bn

George Soros’s hedge fund was one of the biggest losers of 2016, as the Hungarian-born billionaire’s misplaced investments turned into a $1 billion loss for his clients, according to a report by hedge fund investor LCH Investments, cited by Bloomberg.

The only notable hedge fund which did worse than Soros is Paulson & Co, which lost $3 billion last year, according to LCH. The biggest winner is billionaire Ray Dalio’s Bridgewater Associates, which earned $4.9 billion for its clients.

Feb 01 09:20

European Bond Bloodbath - Worst January On Record Exposes Political Panic Across EU

With general elections scheduled in France, Germany and the Netherlands this year amid an increase in support for anti-euro rhetoric, European bonds from Germany to Greece saw yields surge in January. In fact, as Bloomberg notes, euro-region bonds handed investors the worst start to a year on record.

Feb 01 09:19

US Added A Blistering 246K Private Sector Jobs In January, Most Since June

Just as the hard indicators in the US economy were starting to roll over, with whisper expectations that the Fed's 3 projected rate hikes in 2017 would gradually be reduced to 2, moments ago ADP reported a blistering 246K jobs were added in December, far above the 165K expecte, the highest since June.

Feb 01 09:08

Fitbit will lay off 110 employees amid challenges in wearable market

And it’s warning investors that its Q4 earnings will be grim

Feb 01 08:00

Trump Fights to Takedown Bad Guys, Will Crash System then Rebuild -Bix Weir

Gold, silver and Bitcoin expert Bix Weir thinks Trump knows a crash is coming and is getting ready. Weir says, “Trump has the keys to ending this market rigging game. Once you end the market rigging game, then you can’t support the stock market, and everything has to go to its true fair market value with real trades and no more derivatives.

Feb 01 07:29

Damning IMF Report Reveals Dysfunction Within Eurozone

A new report by the International Monetary Fund (IMF) into the Eurozone single currency area of 19 states has accused them of running excessive deficits, distorted budgets and poor compliance with fiscal rules in the euro area, in a further example of the dysfunctionality of the currency.

Feb 01 07:26

DOW 20K: Is The Stock Market Really Setting New Highs? Mike Maloney

Is the stock market really making new highs? Or is it just an illusion? “The longer this party goes on, the worse it’s going to be for the average investor.” – Mike Maloney.

Feb 01 03:57

The Fed Might End Gold’s Bear Market; Here’s Why - Bubba Horwitz | Kitco News

The end of gold’s bear market may be closer than investors think and the event that will reverse the metal’s course might just be this week’s Federal Reserve monetary policy meeting, this according to veteran trader Todd ‘Bubba’ Horwitz.

Jan 31 21:12

Senator: Army Corp told to approve Dakota pipeline easement

BISMARCK, N.D. (AP) — The Acting Secretary of the Army has directed the Army Corps of Engineers to proceed with an easement necessary to complete the Dakota Access pipeline, North Dakota Sen. John Hoeven said on Tuesday.

Jan 31 18:06

Trump signs executive order requiring that for every one new regulation, two must be revoked

“If you have a regulation you want, No. 1, we’re not gonna approve it because it’s already been approved probably in 17 different forms,” Trump said. “But if we do, the only way you have a chance is we have to knock out two regulations for every new regulation. So if there’s a new regulation, they have to knock out two.”

The president added that “it goes far beyond that.” “We’re cutting regulations massively for small business — and for large business,” he said. “But they're different. But for small business, and that’s what this is about today.”

The executive order calls for agencies to pinpoint “at least two” current regulations to be repealed for each new proposed regulation. And it says the net incremental cost for fiscal 2017 should “be no greater than zero,” meaning the cost of new regulations should be offset by existing rules that will be rescinded.

Jan 31 17:36

Irreversible damage — the U.S. economy cannot be repaired

The mainstream media has been carefully asserting the propaganda meme that the Trump Administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline, and will likely witness severe and accelerated decline over the course of the next year.

Jan 31 17:25

The Fix-Nothing Farce of Symbolic Politics

Solutions gut the rackets by breaking down the status quo's regulatory walls protecting the privileged elites who are stripmining the bottom 95%.

Jan 31 16:45

Is Italy’s Banking Problem Becoming Too Big to Solve?

They said it was contained, but now it hit the largest bank.

Jan 31 16:02

Trump’s Trade Policy to Drive Price Inflation and Gold Buying

Donald Trump’s trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices.

Jan 31 15:49

Corporate Insiders Are Scared. You Should Be, Too

Despite recent gains in their sector, the CEOs of major U.S. financial institutions have been selling their own stock. This should grab the attention of investors like you. Here's what we have found usually happens following big market decisions by corporate insiders.

Jan 31 15:40

What the Heck Happened to Hanjin’s Ships and the Collapsed Freight Rates?

Bankruptcy reveals “opaque ownership.” And freight rates surge.

Jan 31 15:08

Not that there’s any inflation, but . . .

The numbers are pretty startling.

Nearly 7 in 10 Americans have less than $1,000 in savings.

1 out of every 3 Americans has nothing set aside for retirement.

Jan 31 14:59

The European Trade Wars Begin: Trump Trade Advisor Accuses Germany Of Using "Grossly Undervalued" Euro

The Trump administration just fired the first shot in the US-European currency, and thus trade, wars when Trump's top trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to "exploit the US and its EU partners", the FT reported noting the comments are "likely to trigger alarm in Europe’s largest economy." News of the statement sent the EURUSD surging and the dollar tumbling to fresh 2 month lows.

Jan 31 14:56

ALDI TO OPEN 14 MORE STORES IN WA IN 2017

Jan 31 14:12

Major Inflection Point Coming

Fund manager John Hussman is always good for dramatic charts.

Jan 31 14:05

Greece is drowning under all the debt its “rescue” brought

After looking at the recent economic success of Spain on Friday, which was confirmed this morning by the official data showing 3.2% GDP growth in 2016 it is time to look at the other side of the Euro area coin. This is a situation that continues to be described by one of the songs of Elton John.

Jan 31 13:52

February Comex Gold Comes In With a Bang

Deliveries on February Comex Gold contracts came in with a bang.

Silver, not so much.

Jan 31 13:25

New Cold War with a different enemy

As all the alarm bells ring continuously that the Russian Federation is the cause for the latest cold war, the actual risk for a hot conflict or an intentional brinkmanship of worldwide proportions should focus on the real enemy of humanity. The Brexit campaign was about more than just leaving the European Union. Likewise, the Trump movement is about a great deal more than just keeping Hillary Clinton from the oval office.

Jan 31 13:23

We injected the markets with Cocaine and Heroin

What happens next?
The Dollar Faces Death Knell???

Jan 31 13:20

Mass deportations loom: 7 ways to get kicked out of America if you are here illegally

As of this writing there are reportedly scores of individuals being detained at airports across the country because they originate from countries on President Trump’s “ban list.”

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