ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 02 09:23

Apple knows the days of record iPhone sales are over, and wants you to stop obsessing over how many it now sells

Analysts, pundits, and Wall Street types have all become obsessed with iPhone unit sales, tying Apple's quarterly health to this single metric, that the Cupertino giant has decided to bring it to an end. And shareholders are far from happy about it.

Nov 02 09:00

The Fed’s QE Unwind Hits $321 Billion

Nov 02 08:50

WHERE IS ALL THE GOLD GOING?

Nov 02 08:40

Russia’s gold reserves smash Soviet-era record as part of Moscow's de-dollarization drive

The Central Bank of Russia bought over 92 tons of gold in the three months to the end of September breaking the Soviet peak of 2000 tons in gold reserves seen in 1941, according to a new report by the World Gold Council (WGC).

Nov 02 06:53

Jim Willie: Bank Index Signals Bank Failures

Nov 01 17:38

VIDEO: World Dumping US Debt & Hoarding Gold

Nov 01 16:45

Global Equity Market At A Crossroads

Nov 01 12:11

About the coming recession

Nov 01 11:38

Panic, Central Bankers Are Trapped

Nov 01 11:01

Danielle Park – Is This it?

Nov 01 10:43

YEMEN - AFTER 200,000 DIED AN EMBARRASED U.S. FINALLY CALLS FOR NEGOTIATIONS

The war on Yemen moved towards the most violent form of war. A siege on a whole country with the obvious intent to cause a genocidal famine of the resisting population.

The attacking nations, the U.S., Saudi Arabia, Britain and the UAE, planned to grab Yemen's resources but failed in their war. They are now making first moves to end the war. They finally recognized that they are unable to win while the financial and reputational costs of the stalemate steadily increases.

It is not by chance that this move comes after clown prince Mohammad bin Salman's recent Khashoggi disaster. It was that murder that moved the attention to his leading role in the genocidal war on Yemen.

Webmaster's Commentary: 

This horrific, brutal, cruel, and insane war, raging for 3 years, with no end in sight, other than through political negotiations (as WRH has been championing over the last 3 years) is, finally, getting some attention in the larger marketplace of ideas.

And yes, the US government should be horrifically embarrassed by the fact that it has enabled Saudi war crimes in Yemen through its consistent contention that it was selling its weapons to the "good guys", headed up by the Butcher of Yemen, Prince Mohammed Bin Salman, President Trump's "great bro" in the Middle East, equal to his other BFF in the Middle East, Israel's Netanyahu, the Butcher of Palestine.

It is interesting to me the degree to which Trump hovers around these men with such wide-eyed admiration, when facts on the ground prove them despotically ruthless, and see the wholesale assassinations of infants, families, the medically infirm, and women, as "just the cost of business as usual."

Nov 01 09:44

Kass: High Anxiety In The Markets

Nov 01 08:47

Debt Alarm Ringing

Nov 01 08:31

‘Behave like a normal nation!’ US tells China to obey laws, not cause ‘decades of pain’ globally

Washington is pressuring Beijing to act like a “normal nation” on the world stage, Mike Pompeo has repeated, accusing China, ironically, of disregarding international laws and seeking to impose “decades of pain” around the globe.
“We’re very worried that China will put the people in many countries around the world, in Africa and Central America and Latin America, in a debt trap that will cause those countries decades of pain,” the Secretary of State said on the Laura Ingraham Show

Webmaster's Commentary: 

"And keeping nations slaves to debt is OUR job!" -- Official White Horse Souse

Nov 01 05:45

According to the WSJ, Inflation Is About to Increase the Prices of EVERYTHING

According to the Wall Street Journal, lots of companies are getting ready to raise the prices of just about everything across the board. Here's what you need to know about the massive inflation that's coming soon.

Oct 31 17:26

Debt is back but this time its corporate

Oct 31 16:30

Mapping Extreme Poverty Around the World

Oct 31 16:30

America’s Debt: A Recipe for Disaster

Oct 31 14:52

The Market Is Gunning For Its Early-2018 Lows

Oct 31 12:50

Court Rules Federal Reserve is Privately Owned

Below are excerpts from a court case proving the Federal Reserve system's status. As you will see, the court ruled that the Federal Reserve Banks are "independent, privately owned and locally controlled corporations", and there is not sufficient "federal government control over 'detailed physical performance' and 'day to day operation'" of the Federal Reserve Bank for it to be considered a federal agency:

Oct 31 11:50

Morgan Stanley Defies Wall Street With Bearish Talk

Fed moves to hike interest rates are leading to a liquidity evaporation—enough so that Morgan Stanley is defying the rest of Wall Street to call a true bear market, warning that the sell-off we’re seeing now won’t be just a blip in the bull run.

Oct 31 11:49

Cold Snap Could Send Natural Gas To $5

The natural gas market is looking rather tight, even as U.S. production continues to set new records.

Inventories fell sharply last winter, leaving the country a little light on stocks heading into injection season. That did not concern the market much, with record-setting production expected to replenish depleted inventories.

However, the past six months has not led to surging stockpiles, and inventories replenished at a much slower rate than expected. We are about to enter the winter heating season with inventories at their lowest level in 15 years. For the week ending on October 19, the U.S. held 3,095 billion cubic feet (bcf) of natural gas in storage, or 606 bcf lower than at this point last year, and 624 bcf below the five-year average.

Oct 31 11:47

Iran's Worst Nightmare Is Coming True

Oil market headwinds, perhaps even storm clouds are brewing over a slowdown in economic growth due to trade war tensions between Washington and Beijing, and a stronger dollar weighing on emerging market economies, with those countries seeing an exodus of currency for higher yielding, safer havens like the US Dollar and Japanese Yen. A stronger dollar also increases the price for oil import dependent countries, with India, the Philippines, Indonesia and others particularly vulnerable.

Oct 31 11:40

John Mauldin Warns Debt Alarms Are Ringing

As noted, debt can be appropriate—even government debt, in some (rare) circumstances. I am glad FDR issued war bonds to help defeat the Nazis, for instance. Now, however, governments go into debt not because they face existential threats, but simply to keep their citizens and benefactors comfortable.

Similarly, central banks enable debt because they think it will generate economic growth. Sometimes it does, too. The problem is they create debt with little regard for how it will be used. That’s how we get artificial booms and subsequent busts.

We are told not to worry about absolute debt levels so long as the economy is growing in concert with them. That makes sense. A country with a larger GDP can carry more debt. But that is increasingly not what is happening. Let me give you two data points.

Webmaster's Commentary: 

Please, if you are personally carrying a lot of debt, please try to get it under control now.

As the Fed tightens, and credit becomes more expensive, it will hit the interest rate on your credit cards like the proverbial financial "bat out of hell", and it will make it both more difficult, and less timely, to pay down the interest on these cards.

Oct 31 11:40

The American Dream Shatters: The Death Of The Middle Class

Middle-class families, which used to be the backbone of the United States economy are becoming poorer. Despite the constant bombardment of news of a “healthy economy,” 62% of middle-class families struggle to afford a basic middle-class lifestyle.

Oct 31 11:37

Texas Border Residents Warned Of "Armed Civilians" Confronting Caravan; Trump Says Military Mobilized

Texas landowners along the US-Mexico border have reportedly been told this week by the US Border Patrol to expect a possible influx of "armed civilians" on their property as a Central American migrant caravan makes its way towards the United States, reports AP.

The Associated Press reported that these civilians say they intend to support the National Guard and Border Patrol to prevent the illegal migrants from crossing into the U.S.

But some see the move as a negative, arguing that the armed civilians' presence would add even more tension should there be a confrontation.

Three activists told the AP they were going to the border or organizing others, and groups on Facebook have posted warnings about the caravan. One said it was “imperative that we have boots on the ground.” Another wrote: “WAR! SECURE THE BORDER NOW!” -Associated Press

Webmaster's Commentary: 

To all those who feel a need to be in an extra-legal capability at our borders, I have two words for you: "Restraint, please!!"

Because what the leftist "Sorosians" and Clintonistas are drooling for, is the first incident where a woman, or kid, (and you have to know they'll put them right in the line of fire first) is wounded or killed, in order to characterize Trump as some kind inhuman monster, right before the mid-terms next Tuesday. And trust me, the cameras are going to be right out front, documenting everything.

Please do not give them the satisfaction of making that happen.

Oct 31 09:49

Morgan Stanley: Actually, The Market Is Screwed

Despite the fact that some markets are having an increasingly hard time ending the day without a triple-digit loss, and that all major markets are ending their days in the red lately, no one has really been panicking out there.

It’s been so long since we’ve had a real crisis that most of the big financial institutions seem to be looking around and wondering “What me worry?” while white knuckling through another afternoon on the DJIA. But today, we finally got a canary in the panic coalmine. Thanks to those messy drama bitches over at Morgan Stanley, the fear of a Bear Market is officially upon us!!!

Oct 31 09:38

Ben & Jerry's launches Donald Trump-inspired ice cream flavor, Pecan Resist

100 PERCENT ALL SOY!

Oct 31 09:34

Silver, The S&P and Sanity

I know of no metric to measure the absence of sanity in the financial world, but if such a metric existed, it would register HIGH!

Oct 30 18:29

The Mother Of All Support Levels?

Oct 30 15:01

How Working in Retail Made Me Hate Humanity

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