Dec 10 08:12

Liquidity, Volatility, and a Credit Bust

Dec 09 17:28

Historic Debt Is At The Core Of Our Economic Decline

Debt in itself is not necessarily just a tool to gain more wealth; it is also a tool to change and mold societies through financial leverage and disaster. To understand who is creating any fiscal downturn, and to understand who benefits from economic crisis, one only needs to consider who controls the debt.

Dec 09 10:30

Small caps could fall 20% from here

Dec 09 10:18

US, China Trade War Fallout: Argentine Cherries to Flood Beijing Markets

During the G20 Summit in Buenos Aires, Argentina, last week, Argentina and China reached a trade agreement on, among other things, cherry exports, as the South American country strives to become “the world’s supermarket.”

The agreement will be signed on Sunday by Argentine President Mauricio Macri and Chinese President Xi Jinping, Argentina's agro-industry secretary, Luis Miguel Etchevehere, told the South China Morning Post (SCMP) Saturday.

Dec 09 09:44

"We Don't Think It's Time To Panic Yet" As Heavy-Duty Truck Orders Plummet

One of the charts that has kept deflationists asleep at night for the past two years and provided cover to the Fed it its tightening strategy was the one below showing the exponential surge in transportation prices as a result of an acute scarcity of truck drivers which has sent trucking prices soaring, and led to a historic spike in Class 8 truck orders as supply scrambles to keep up with demand (much of which is the result of businesses rushing to front-load trade ahead of even higher tariffs with China).

Dec 09 05:56

Who Will Get The Blame For The Collapse?

Dec 08 20:22

Eddie Lampert’s Next Play: Inside the Hedge Fund War at Sears

Edward Lampert isn’t done with Sears yet. Neither are Sears’s enemies on Wall Street.

Six weeks after the storied department store chain filed for bankruptcy, Lampert is maneuvering to salvage what he can from the worst investment of his life...

Dec 08 11:57

What Ohio’s Tax Gimmick Really Means for the Blockchain Industry

By Max Gulker

Quickly browsing the headlines on November 26, you might be forgiven for having thought some much-needed good news for Bitcoin had hit the wire. “Ohio Becomes First US State to Allow Taxes to be Paid in Bitcoin” was the headline at CoinDesk, echoed in many other media outlets. Even a quick look shows, however, that this was merely a feel-good piece of legislation that bundled a user-friendly cryptocurrency exchange that companies could have easily accessed on their own with electronic tax filing.

But when is a gimmick more than just a gimmick? Behind the tax announcement and a few other seemingly cosmetic measures, Ohio might be communicating something of substance to the nascent blockchain industry...

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?"