Mar 22 08:06

Do Stop Losses Stop Losses?

Mar 22 05:56

Facebook Advertisers Start Pulling Out

Mar 21 22:06

China is One Signature Away From Dealing the Dollar a Death Blow

On March 26 China will finally launch a yuan-dominated oil futures contract. Over the last decade there have been a number of “false-starts,” but this time the contract has gotten approval from China’s State Council.

With that approval, the “petroyuan” will become real and China will set out to challenge the “petrodollar” for dominance. Adam Levinson, managing partner and chief investment officer at hedge fund manager Graticule Asset Management Asia (GAMA), already warned last year that China launching a yuan-denominated oil futures contract will shock those investors who have not been paying attention.

Mar 21 18:18

Current account, Existing home sales

Mar 21 15:26

Fasten Your Seat Belt, Turbulence Ahead

Mar 21 14:46

SLOW DEATH: Guitar Center is $1 billion in debt

Mar 21 14:11

This Is Why Retail Sales Have Been So Weak

Mar 21 11:17

Facebook Just Lost More Than Tesla's Entire Market Cap in Two Days

Facebook Inc.’s privacy crisis has turned into a shareholder crisis.

The social media giant has lost over $60 billion in market value over the past two days, following revelations that personal data of millions of users was obtained by a data analytics firm. That’s more than the market capitalization of Tesla Inc. at around $52 billion or three times that of Snapchat owner Snap Inc. at about $19 billion.

Mar 21 10:02

Deutsche Bank Plunges To 16-Month Lows, Bank Credit Risk Spikes

Deutsche Bank shares are down 6%, at their lowest since Nov 2016 (near post-crisis lows), after warning that euro strength and higher funding costs will weigh on revenue in the securities unit this quarter (just a week after the lender voiced optimism about the outlook for the year).

Mar 21 09:42

The End of the Petrodollar?

In a move that could portend massive shifts in the global oil game, the Shanghai International Energy Exchange will soon unveil an oil-futures contract denominated in Chinese yuan rather than U.S. dollars (product symbol: SC). Experts warn that the growing clout of Chinese currency in international financial markets could erode the primacy of the U.S. dollar, a long-term economic trend that should greatly trouble Washington.

The International Energy Exchange conducted a final set of drills to test trading, settlement, and quote transmission back in December. China’s Securities and Regulatory Commission has announced that the crude-futures contract will launch on March 26.

Mar 21 09:23

Russia Is Hoarding Gold At The Fastest Pace In 12 Years

The Central Bank of Russia (CBR) has been increasing its holdings of gold every month since March 2015. The country is currently the sixth-largest gold owner after the United States, Germany, Italy, France and China.

According to the CBR, gold reserves spiked to $455.2 billion between March 2 and 9 hitting a historic high not seen since September 2014.

Mar 21 08:56


INTERNET PARANOIACS DRAWN to bitcoin have long indulged fantasies of American spies subverting the booming, controversial digital currency. Increasingly popular among get-rich-quick speculators, bitcoin started out as a high-minded project to make financial transactions public and mathematically verifiable — while also offering discretion. Governments, with a vested interest in controlling how money moves, would, some of bitcoin’s fierce advocates believed, naturally try and thwart the coming techno-libertarian financial order.

Mar 21 08:46

Bayer £46 billion takeover of Monsanto approved by European Commission

BAYER has been approved by the European Commission for a £46 billion ($66 billion) takeover of Monsanto. The move will mark the last of a trio of mega mergers that will reshape the agrochemicals industry.

Mar 21 08:44

Hell on the high street worsens - Carpetright, Mothercare and Claire's Accessories now in trouble too - the shops closing down and shutting branches this year

Shops are cutting branches faster than a hyperactive tree surgeon armed with a chainsaw in an attempt to stay alive - and for many even that isn't enough. These are the shops that have fallen and the others closing outlets this year

Mar 21 08:43

Facebook's stock drops AGAIN as thousands vow to quit the social network amid Cambridge Analytica row which saw 51 MILLION users profiles harvested without their knowledge - but Zuckerberg is nowhere to be seen

Facebook's stock plummeted again on Tuesday as the row over how Cambridge Analytica, a political data firm, obtained the data of 51 million users by harvesting profiles on the social network without their knowledge.

The social network's stock opened on the NASDAQ at $167.47 on Tuesday marking a decrease of 2.8% since Monday's close.

It climbed back up to $170 on Tuesday throughout trading but closed at 4pm at $168.15 after dropping as low as $162 per share during the day, its lowest in 2018.

Zuckerberg's own stocks - of which there are 400 million - fell by $6billion in market value as a result of the scandal, dropping from $74billion to $68billion.

Until Friday, Facebook's shares were worth $185.09 each. The company is valued at $488 billion.

Mar 21 08:36

Top nuclear commander says Russia and China are developing high-speed hypersonic weapons and America can't defend against them

A top nuclear commander warned that the US should add more nuclear weapons to its arsenal because Russia and China are actively developing a new high-speed hypersonic weapon.

US Air Force general John Hyten, commander of the US Strategic Command, said Tuesday that Russia and China are 'aggressively pursuing' hypersonic weapons, a type of nuclear missile that flies a a very high speed.

According to Hyten, the US doesn't have any type of nuclear weapon that can defend against a hypersonic missile so he suggests the country get to work.

Webmaster's Commentary: 

That, of course, means more money for the military!

Mar 21 08:34

Trump launches WAR on WTO - Brussels panic as EU admits ‘we need a plan B’

DONALD Trump’s controversial new tariffs could be the start of an all-out war on the World Trade Organisation (WTO), a prospect causing officials in Brussels to lose sleep and scramble for a response.

Mar 21 08:22

EU proposes new digital tax for US tech giants such as Google, Facebook and Amazon

The special tax is the latest measure by the 28-nation European Union to rein in Silicon Valley giants and could further embitter the bad-tempered trade row pitting the EU against US President Donald Trump.

European Union officials unveiled Wednesday proposals for the levy which could heap more problems on Mark Zuckerberg's Facebook after revelations over misused data of 50 million users shocked the world.

EU Economics Affairs Commissioner Pierre Moscovici presented his proposals in Brussels aimed at recovering billions of euros from mainly US multinationals that shift earnings around Europe to pay lower tax rates.

This current legal vacuum is creating a serious shortfall in the public revenue of our member states,' France's Moscovici told a press conference in Brussels.

'We estimate this could generate at least five billion euros a year if the tax is imposed at three percent.'

Mar 21 08:17

China Is Days Away From Killing the Petrodollar

China is rapidly displacing the US as the dominant global power. This shift is inevitable. China’s economy will be twice as large as the US economy by 2030.

This leaves the US with limited options…

It could kick back and let China displace it as the most powerful country in the world.

It could start a military war with China.

And it could push the current trade battle into an all-out economic war against China.

I think a full-blown economic war is the most likely. Under President Trump, it’s all but certain.

Mar 21 07:56

Plans of German industrialists to engage in underground activity after Germany’s defeat; flow of capital to neutral countries.

Dr. Scheid stated that all industrial material in France was to be evacuated to Germany immediately. The battle of France was lost for Germany and now the defense of the Siegried Line was the main problem. From now on also German industry must realize that the war cannot be won and that it must take steps in preparation for a post-war commercial campaign. Each industrialist must make contacts and alliances with foreign firms, but this must be done individually and without attracting any suspicion. Moreover, the ground would have to be laid on the financial level for borrowing considerable sums from foreign countries after the war. As examples of the kind of penetration which had been most useful in the past, Dr. Scheid cited the fact that patents for stainless steel belonged to the Chemical Foundation, Inc., New York,
and the Krupp company of Germany jointly and that the U.S.
Steel Corporation, Carnegie Illinois, American Steel and Wire,

Mar 21 07:55

The @NSAgov worked urgently to target Bitcoin users around the world,

according to classified documents provided by @Snowden.

Mar 21 07:30

Bergstrom Proposes $6,000 Teacher Pay Increase Plan

Senator Michael Bergstrom is proposing a plan to pay for a $6,000 teacher pay raise over three years. His plan also includes a $2,500 state employee pay raise and a restoration of the state aid formula funding for education. The plan is to use three current bills to pay for the initial part of the plan.

Mar 21 06:40

Job Destroyers or Helpers? Amazon, FedEx Hiring More Robots & Humans

But even with the increased automation at their shipping facilities, these companies continue to hire people and, in some cases, are struggling to find workers to fill open positions, according to the article. The takeaways are that the explosion in online shopping has led e-commerce and logistics companies to invest in both technology and people—and that there are still tasks in warehouses that machines can’t perform or that humans simply do better

Mar 20 17:19


Mar 20 16:17

At $21 TRILLION, the national debt is growing 36% faster than the US economy

For example, in the span of a SINGLE DAY, from Thursday to Friday, the national debt grew by $73 BILLION. In a day.

To put that number in context, $73 billion is larger than the size of most major companies like General Motors, Ford, and Southwest Airlines.

And in the month of February alone, the national debt grew by an astounding $215 billion.

$215 billion is larger than the GDP of New Zealand. Greece. Oregon. More than twice the size of the GDP of New Mexico. Just in a single month.

Most disturbingly, the national debt has grown by more than $1 TRILLION… just in the last SIX MONTHS.

I’m scratching my head right now wondering– where did they spend all that money? Was there a major economic crisis, wave of bank failures, or severe depression that required massive fiscal stimulus?

Nope. It was just business as usual.

Mar 20 16:15

Something BIG Going On In Russia RIGHT NOW: Imminent Launch Of The Russian Silver Rouble?

  • Hugo Salinas Price tells the Russians how to make a Silver Rouble
  • The Russians have been stacking mad silver
  • U.S. Refiners are making money by melting down 90% pre-1965 U.S. Coinage and selling it to somebody as melt bars
  • Russian cargo plane accidentally drops “precious metals” of which a close-up of one appears to be a silver dore bar with English lettering/numbers

    What do we get when we add it up?

    We get the Russian Silver Rouble!

    Now I’m no mathematician, so I could be off on the calculation.

  • Mar 20 15:56

    ‘Long and painful’: Peter Costello’s rate warning for households

    Costello was the treasurer in the Howard Government. John Howard is now on the Global Board of J.P Morgan. Australian house prices and household debt levels are among the highest in the world. This below is an admission of guilt.

    Mr Costello also noted that interest rates were cut with the specific intention of lowering borrowing costs to encourage people to take on debt.

    "I get really amazed when I see all this hand-wringing of politicians saying 'oh we are terribly indebted, Australian households are terribly indebted,'" he said.
    "Of course they are because we made money so cheap, we made money so cheap because we wanted them to borrow, that was the whole idea.

    Mar 20 15:01

    Credit Bubble Can Only Have One Result

    Mar 20 12:08

    Venezuela Claims to hold the 4th biggest Gold Mine

    Estimated at 52 million troy ounces of gold.

    Webmaster's Commentary: 

    "INVADE!!!" -- Official White Horse Souse

    Mar 20 10:49

    Germany, China to work on steel overcapacity via G20

    Chancellor Angela Merkel has spoken with Chinese President Xi Jinping about steel overcapacity and the US threat of tariffs. They are to work on solutions through the G20 group of industrialized nations.

    Mar 20 10:39

    Shocking EU Reforms: Ukraine’s Public Debt Doubles In 4 Years, While Personal Incomes Halve

    The Ukrainian economy is in a catastrophic state after four years of “euro-reforms,” said ??Viktor Medvedchuk, head of the public movement “Ukrainian Choice – People’s Right.”

    “At the end of 2013. Ukraine’s state and publicly guaranteed debt was 40% of GDP, and by the end of 2017 it had more than doubled, exceeding 80% of GDP. In 2013, Ukraine’s GDP per capita was more than $ 4,075, and in 2016 decreased to $ 2221.

    Mar 20 10:05

    Oh No! We Are Running Out Of People

    Mar 20 09:05

    Analyst predicts Bitcoin will hit $91k by 2020

    Investors in bitcoin are about to see a turn around in their fortunes. That’s the prediction of analysts at one research firm who claim the value of the cryptocurrency will reach $91,000 by March 2020.

    Bitcoin has seen its value more than half since hitting a high of almost $20,000 in December. On Sunday, one bitcoin cost investors $7,366. Now, the researchers at New York-based Fundstrat Global Advisors believe they have mapped out the short and long-term trends of the digital currency, including mining costs, trading trends and other technical analysis.

    Mar 20 08:09

    Outrageous! Paul Ryan’s $1.3 Trillion Spending Bill Funds Planned Parenthood, Sanctuary Cities – Won’t Fund Trump Wall

    Speaker Paul Ryan is set to pass the largest spending bill in US history next to Barack Obama’s trillion dollar failed stimulus.

    President Trump spoke on Monday about the importance of the border wall with Mexico to enhance national security and battle the opioid crisis in America.

    But once again it is unlikely that funding for the border wall will be included in the spending bill.

    Democrats don’t want it.

    So it is unlikely Ryan will include it in the bill.

    Mar 20 06:21

    The Bull Market Is OVER | John Rubino

    Mar 20 04:31

    What Are We Going to Do with these Plunging Mall REITs?

    Note the bifurcation: weakest plunged 80% from peak, strongest “only” 30%.

    Mar 19 11:47

    Supermarket Bankruptcies Are Beginning to Pile Up

    This is how the grocery industry lives now.

    Regional chains are filing for bankruptcy. European-born discounters are expanding, forcing competitors to keep their own prices low. And Kroger Co. and Walmart Inc., the two largest grocers in the U.S., are investing in technology and expanding delivery as they try to fend off an incursion by Inc.

    It’s a bleak outlook for a sector that was supposed to be rebounding this year. A historic bout of food deflation -- which fueled a price war in the past two years -- has ended, but efforts to sell more groceries online are gobbling up investment dollars. And some well-known names are crying uncle.

    Mar 19 11:21

    Ron Paul: "Economic Boom? Why Is Homelessness Skyrocketing?"

    Dr. Paul boils it down in this 18-minute analysis.

    Mar 19 09:23

    Belgium: 10 Billion Euros of Frozen Libya Assets Disappeared From Euroclear Bank

    Over 16 billion euros were located in four accounts opened for the Libyan Investment Authority and Libyan Foreign Investment Company.

    Belgium discovered the disappearance of a significant part of these funds in the fall of 2017, when an investigation into money laundering sought to seize the 16 billion euros.

    “It turned out that on the four accounts just over 5 billion euros remained.” Le Vif added.

    According to the Belgian Ministry of Finance, Belgium did not take any decision to unfreeze these assets.

    The investigation into billions of Gaddafi assets held in Belgium discovered big, regular outflows of stock dividends, bond income, and interest payments, the paper suggests.

    Mar 19 09:22

    Everybody Does Better When Everybody Does Better

    My father, W.F. “High” Hightower, was a populist. Only, he didn’t know it; didn’t know the word, much less the history or anything about populism’s rich democratic ethos.

    But he knew about bankers who regularly squeezed small-business families like ours with usurious interest rates. He knew how rough it was for a local business to fight off deep-pocketed chain stores that use predatory pricing and sledgehammer advertising budgets to seize local markets. And he saw with his very own eyes that the governor and legislature in faraway Austin operated as subsidiaries of Big Oil, the utility monopolies, and the other giants that were allowed to profit by picking the pockets of the general public.

    Mar 19 09:21

    Venezuela, India Want to Ditch US Dollar, Use Rupee for Trade

    Venezuela, which has similar arrangements with Turkey, China, and Russia, offered the proposal to India in the light of the recent U.S.-imposed sanctions.

    Mar 19 09:19

    Marco Polo in reverse: how Italy fits in the New Silk Roads

    Italian engineers and Chinese traders are looking to transform Venice into a key hub with an offshore-onshore port system, known as Voops, to rival northern European ports such as Rotterdam

    Mar 19 08:13

    Russia's gold rush continues, with reserves at all-time high

    The Central Bank of Russia (CBR) has been increasing its holdings of gold every month since March 2015. The country is currently the sixth-largest gold owner after the United States, Germany, Italy, France and China.

    According to the CBR, gold reserves spiked to $455.2 billion between March 2 and 9 hitting a historic high not seen since September 2014.

    “Our international reserves increased by $2.9 billion or 0.6 percent in a single week, mainly on the strength of positive re-evaluation,” said the regulator.

    In January, Russia surpassed China, which reportedly held 1,843 tons of the precious metal at that time. Over the last 15 years, Moscow and Beijing have been aggressively accumulating gold reserves to reduce their dependence on the US dollar.

    Mar 18 16:13

    Good Riddance, Lloyd Blankfein!

    If you recall, in the fall of 2009, not long after warm rays of sunshine began smiling down upon this bull market, Goldman Sachs’ top man, Lloyd Blankfein had an epiphany. The way he put it to The Times of London was that he’s just a banker doing “God’s work”. At the time we weren’t sure what Blankfein was getting at. Were you?

    Mar 18 10:25

    President Trump’s Debt Increase Half that of Obama’s – US Debt Surpasses $21 Trillion

    The US Debt surpassed $21 Trillion for the first time in history this week. What the MSM won’t tell you is that President Trump’s debt increase is half of Obama’s at the same time in their Presidencies.

    President Trump took over in 2017 with nearly $20 trillion of debt and the related interest payments on the debt. He faced headwinds from the Federal Reserve (FED) which had increased interest rates by a full one percent since the 2016 election. In spite of this, President Donald Trump’s debt is half that of Obama’s.

    The US Debt since President Trump was inaugurated on January 20th, 2016 through March 1, 2018, increased by slightly more than $1 trillion. On inauguration day the debt was at $19.9 trillion and on March 15, 2018 the debt stood at $21.0 trillion.

    Although $1 trillion is a lot of money added to the debt, it is half of what President Obama added during the same time frame in his first year plus in office.

    Mar 18 10:23

    Trump to combat movie piracy by China, saving the U.S. economy $600B annually

    President Donald Trump is crafting a way to combat intellectual property theft by China and protect U.S. shows such as HBO’s “Game of Thrones” from being pirated online.

    The HBO hit series has taken the crown as the most pirated TV show on the internet for the sixth year in a row. According to the Motion Picture Association of America, 90% of the viewership of U.S. movies in China is illegal.

    “Everybody is in agreement, both parties, the EU, that something has to be done about this piracy from China,” Horizon Investments Chief Global Strategist Greg Valliere told FOX Business’ Liz Claman.

    The National Bureau of Asian Research puts the cost of Chinese intellectual property theft to the U.S. economy as high as $600 billion annually.

    Mar 18 10:22

    Trump's Hit List? Mapping The Top Export From Every Country

    In a global market with (mostly, so-called) free trade, it’s common to see economies that are very specialized, each producing specific goods based on the competitive advantages, incentives, and resources they have available.

    As VisualCapitalist's Jeff Desjardins explains, whether those inputs are inexpensive labor, ample amounts of natural resources, or a surplus in engineering talent, countries can use these advantages to manufacture and sell goods on the international market at a higher level of quality or a better price than competitors.

    Mar 18 10:20

    Nolte: Disgraced Media Already Hit with Massive Layoffs in 2018

    By the time President Trump’s presidency is over, one of the biggest pieces of fake news we will look back on is when we were told by the media that Trump was good for the media business. According to what is happening in a place called the real world, the truth is that business for the media is horrible.