ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 18 10:49

GE price vs. flows of ETF's holding GE

Nov 18 08:02

The Era Of Gains is over

Nov 18 03:26

It's The Federal Reserve , Stupid !

Here’s the biggest myth about the ’Trump economy'
Nearly every media outlet repeats this idea constantly, but it's just not true.

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The president doesn't control the American economy. It's an obvious fact, but it's worth emphasizing because a great deal of discussion about presidential politics and administration policy takes as a given that the president does control the economy.
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He didn't, he can't, he won't.

Republicans used to acknowledge this. They used to say explicitly, "Government does not create jobs." Now they say, without a hint of irony, not only does government create jobs, but Trump himself is personally responsible for every job created in the country.
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Of course, the government does take steps to manage the economy. The Federal Reserve plays the largest direct role in this on a day-to-day basis, and the president appoints its leadership on a staggered schedule (though Trump, interestingly, currently despises his own Fed chair's policies!). Congress also passes laws that have significant impacts on the economy>>>

(*if this article sheds light on anything it's the perpetuating of The Federal Express being part of The U.S Government malarkey )

Nov 17 11:35

California Fires Keep Getting Worse

How and why exactly do California’s fires keep getting worse? Over the last 10 years or so we’ve seen a trend with California’s wildfires where that trend has shown us that the fires continue to get more destructive. Last year during the fire season we saw close to 5,000 homes destroyed and now this year we’re seeing nearly 6,500 homes destroyed...

Nov 17 11:17

The Credit Cycle Begun 2009 is Over

Nov 17 10:40

BANKRUPT SEARS WANTS TO GIVE EXECUTIVES $19 MILLION IN BONUSES

Sears is seeking court approval to pay executives as much as $19 million in quarterly bonuses while the company struggles to restructure in bankruptcy.

Three top executives could get nearly $1 million each if the company goes out of business. If Sears remains in business, they could get nearly $500,000 each for hitting the top performance targets.
Sears gets a little more time to stay in business
Sears gets a little more time to stay in business
Sears filed two different types of bonus plans in bankruptcy court Thursday. The first is for the top 18 "key" executives, who would collectively get as much as $2.1 million per quarter. The bonuses would only be paid in full if Sears reaches its cash-flow targets. Sears Holdings, which includes both Sears and Kmart, has been burning through cash at a rate of about $125 million a month.

Webmaster's Commentary: 

The question I (and probably those hourly workers who will NOT get severance payment) are asking is, why should it be normal to pay executives whose decisions created a failed business model?!?

In my world, that money should rightly go to those who have been let go, and will find it horribly hard to find jobs, as the economy tightens.

I am very sure that SEARS picked the judges to hear this on the basis of their own personal wealth, (an easily attained statistic, if one knows how to look for the data), because the monied rarely eat their own, and that these judges would view these executives very sympathetically.

Nov 17 10:32

THE POLITICAL REBELLION GATHERS MOMENTUM

When was the last time a monopoly or quasi-monopoly was broken up? A generation ago, or was it two generations ago?

The Ruling Class that wants us to love our servitude incites us to seek divisions: between red and blue, left and right, progressive and conservative, and so on. The Ruling Class in the mainstream media, in Washington D.C. and in Silicon Valley are experts at manipulating language and terminology to divide and conquer.

But beneath the superficial red-blue divide they are hawking, a broad-based political rebellion against the Oligarchy and their Ruling Class nomenklatura is gathering momentum. People left, right and center are awakening to two painfully obvious realities:

1. the political-social-economic system no longer works for the bottom 95%

2. the system is intrinsically unfair--rigged to benefit the few at the expense of the many.

Webmaster's Commentary: 

The key question here, is what happens when vote after vote changes nothing, and people get angry and despairing that any real change can happen through their peaceful, political process?!?

THAT ... is what this country's monied and elite need to be asking themselves right now.

Nov 17 10:25

VESSEL SPILLS 250,000 LITRES OF CRUDE OIL OFF NEWFOUNDLAND

The spill being monitored, can't be contained or cleaned up until waves subside.

An oil spill off the coast of Newfoundland caused an estimated 250,000 litres of crude to leak into the ocean, Husky Energy said Friday.

The leak, from a flowline to the SeaRose FPSO, a vessel stationed about 350 kilometres off the Newfoundland coast, happened around mid-day on Friday in the White Rose field while crews were preparing to restart production.

Operations had been halted Thursday due to high winds and rough seas.

Seismic records show Newfoundland was literally shaking from wind and waves
Hebron platform stops operations amid bad weather, reports of smoke

Webmaster's Commentary: 

This is going to be an ecological nightmare, because of the problems with containment and weather.

Nov 17 09:54

S&P creating parallels to 2000 & 2007

Nov 17 08:42

The Shrinking Pool of Buyers | Lynette Zang

Nov 16 20:09

The AAPL Of Bears’ Eyes?

Nov 16 17:00

US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High

Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed's latest household debt report, the biggest jump since 2016. It was also the 17th consecutive quarter with an increase in household debt, and the total is now $837 billion higher than the previous peak of $12.68 trillion, from the third quarter of 2008. Overall household debt is now 21.2% above the post-financial-crisis trough reached during the second quarter of 2013.

Nov 16 16:56

Pentagon Fails Its First-Ever Official Audit

After generations of being a black hole down which money goes, never to return, a team of 1,200 auditors tried to give the Pentagon its first ever comprehensive audit, just to see where all that money went. Unsurprisingly, it went poorly, and was declared a failure.

Nov 16 12:17

The Fed Will Continue Tightening Until Everything Breaks

First and foremost, let’s be clear, the Federal Reserve is an autonomous entity that does not answer to government oversight. It never has and it probably never will. This reality is supported by admissions by former Fed officials like Alan Greenspan, who publicly noted that the Fed answers to no one.

The central bank functions in quite the opposite capacity from what many people assume. As Carroll Quigley, prominent American historian and mentor to Bill Clinton, noted in his book Tragedy And Hope:

Nov 16 12:07

Canada's Crude Crisis Is Accelerating

Nov 16 11:35

The Coming Monetary Crisis

Nov 16 11:14

Why is Kansas City government pouring bleach on food for homeless people?

People standing in line awaiting a hot meal at four Kansas City locations Sunday got bleach instead. More precisely, they got to witness city health inspectors dump hot food into plastic bags and pour bleach over it — just to make sure nobody sampled the ruined fare.

Once word got around, the Health Department seemed stunned that these brutish actions upset people. Director Rex Archer had to interrupt his vacation the next day to deal with media inquiries. Employees reported receiving angry messages. Archer said he couldn’t believe a volunteer at one of the parks threw food at his inspector.

What were they expecting — smiles and cups of coffee? Ruining food is gross. Dumping food in front of hungry people is cruel. The bleach is an especially dehumanizing touch. This was city government at its worst.

Nov 16 10:38

UK Telecoms Watchdog Ofcom Fines Virgin Media, EE £13.3m for Overcharging Users

Telecommunications' giants EE and Virgin Media have been slapped with a multimillion pound fine for overcharging hundreds of thousands of customers for terminating contracts early.

Telecoms industry watchdog Ofcom levied a total of £13.3m ($17.03m) in penalties on the two British firms after an investigation revealed the companies' misdeeds over early exit charges affecting roughly 500,000 broadband and phone users over a six-year period.

Virgin Media was hit with £7m ($8.9m) in fines and EE with £6.3m ($8.07) for violating consumer protection laws, according to an Ofcom press statement.

Ofcom's investigation revealed that nearly 400,000 EE customers terminating their contracts early overpaid a total of £4.3m ($5.5). 82,000 Virgin Media customers paid hefty fines totalling almost £2.8m ($3.6m).

Nov 16 10:33

Do Investors Need Stop Losses?

Nov 16 08:47

The Black Swan Just Hit Oil…Next Is Stocks

Nov 16 06:25

Does Any of This Make Sense?

Nov 16 05:00

Taxpayers to Fund Helipad for Amazon CEO

Bezos gets $US 5.5 Billion(with a B) of taxpayers money to move to New York.

Nov 15 19:40

Successful failure: Pentagon admits it never even expected to ‘pass’ multi-million audit

The US Department of Defense spent over $360 million to confirm there are problems in the $2.7 trillion organization, but the Pentagon leadership considers the mere fact that this “first-ever” audit happened was a great success.

“We never thought we were going to pass an audit, right? Everyone was betting against us that we wouldn’t even do the audit,” Deputy Defense Secretary Patrick Shanahan told reporters on Thursday, announcing the end of the eleven-month process.

Nov 15 15:04

SWEDEN: GREEN PARTY SUGGESTS CONFISCATING CITIZENS’ HOMES TO GIVE THEM TO MIGRANTS

The Green Party in Sweden has suggested confiscating the homes of citizens and giving them to migrants if the property is deemed to be too large or if the owner has more than one residence.

Blogger Katerina Janouch reveals how the party wanted to introduce a new law which would allow “Municipalities to seize housing to give them refugees.”

Under the proposal, authorities would be able to “evacuate people who have too large housing,” for example “couples where the children moved home or cohabited where the partner has a residence elsewhere.”

Under any such legislation, homeowners wouldn’t even be compensated, whereas before the government would have had to pay them at least 125% market value

Webmaster's Commentary: 

Taking a page out of the South Africa's, and Zimbabwe's play-book, are you, Sweden?!?

Should this insane notion get passed, expect massive, public protests to occur with a strength and ferocity that will astonish the current government.

Oh, and it will also be the last time that any Swedish politicians who supported this, will be ever be elected... again.

You're welcome, Sweden!

Nov 15 14:24

Credit Markets: To BBB or Not to BBB?

Nov 15 13:32

Worlds Most Hated Bank to cut 1,000 jobs…

Nov 15 13:06

J.C. Penney Next to File Bankruptcy?

Nov 15 13:04

Junk Debt In Context

Nov 15 11:58

How Will the Feds Get Out of This?

Nov 15 11:51

Sharp, Deep Crash Possible in Next Few Weeks

Nov 15 11:24

PG&E Cash Sweep Sends Distress Sign to California Lawmakers

PG&E Corp.’s decision to shore up cash is a clear signal to California legislators that it may need help to stave off the fiscal threat posed by wildfires.

The state enacted a law earlier this year to help utilities cover costs of last year’s wildfires, including by selling bonds backed by customer bills. But the measure didn’t specifically address how to handle the costs of any fires in 2018. So PG&E may need to turn to lawmakers for another fix.

“We think Sacramento will likely step in to protect the utility and its customers,” Citigroup Inc. analyst Praful Mehta wrote in a research note Wednesday. PG&E, owner of California’s largest utility, has lost more than $12 billion in market value, about half, since the deadliest wildfire in state history broke out Nov. 8.

Nov 15 11:24

Why the Most Expensive Military Ever Still Can’t Win a War

Lack of funding is clearly not the problem. Increased funding could even invite more bad actors, scammers, and fraudsters into the fray. When you have that kind of cash to hand out, and no accountability, it creates a situation rife for corruption. -- And the saddest part of all is the opportunity cost for American taxpayers. -- We are talking about almost a quarter of the entire US budget here… Imagine how strong the economy would be if that money stayed in the hands of the American people.

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