ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 27 09:58

How Derivatives Work

Oct 27 09:56

Psychological Trick to Reducing Expenses

Oct 27 09:45

The list of potential instability markets

Oct 27 08:44

Weekend Reading: Recession Risk Rising

Oct 26 13:02

Here’s How to Become a 401(k) Millionaire

Oct 26 12:50

Stocks in trouble if rates peak here

Oct 26 10:20

California's Middle Class Is Disappearing As "Virtue Signaling" Elites Drive Wealth Gap Ever Wider

California made major news this month, reclaiming a valuable economic marker and surpassing Britain as the fifth largest economy in the world. Its growth after the recession has accelerated under President Trump and even turned a modest surplus. However, the Golden State remains one of the most unequal in the nation. It has both billions of dollars in Silicon Valley and rampant homelessness. Its efforts to eliminate poverty instead accentuates it, and its tax system inadvertently aids those who are already wealthy. With the middle class leaving in droves, California society represents a modern feudal system of robber barons and the poor.

Oct 26 10:19

Robots Are Serving Spicy Soup at Haidilao’s Hotpot Restaurants

In Haidilao International Holding Ltd.’s hotpot restaurants, robots are replacing chefs and waiters.

Asia’s biggest listed restaurant chain by market value is partnering with Japan’s Panasonic Corp. to open what the two companies say is the world’s first eatery with a fully automated kitchen Oct. 28 in Beijing. At the new Haidilao restaurant, robots will take orders, prepare and deliver raw meat and fresh vegetables to customers to plop into soups prepared at their tables.

Webmaster's Commentary: 

Oct 26 10:15

Virginians Oppose Taxpayer Subsidies for Israeli Business Projects

A plurality of Virginians (38.1%) favor ending taxpayer funding for Israeli business ventures in the commonwealth according to a Virginia Coalition for Human Rights (VCHR) poll fielded by Google Surveys.

32.7% of Virginians were neutral about discontinuing subsidies, while 29.2% disagreed. The representative September 22 to October 4 poll of 2,110 Virginians is available online from Google.

VCHR, a coalition of 16 organizations representing over 8,000 Virginians, is concerned unconditional funding for Israeli business projects fails to consider Israel’s worsening human rights record and disengagement from peace efforts. In 2018 Israeli forces have shot, wounded and killed hundreds of mostly unarmed Palestinian protesters.

State Israel advocacy organizations lobbied to create and staff a taxpayer-funded state government office to exclusively promote Israeli business projects called the Virginia-Israel Advisory Board (VIAB) in 1996.

Oct 26 10:04

SHOCKING VIDEO SHOWS THE 3RD WORLD CONDITIONS IN LOS ANGELES. HOMELESS EVERYWHERE.

Oct 26 09:57

Deutsche Bank Dropping under $10 a share

Oct 26 08:49

Gold Gains Nearly 1% On Week As Global Stock Markets Fall Sharply

Here is our Friday digest of the important news, commentary, charts and videos we were informed of this week.

The old Wall Street adage is that they “never ring a bell at the top” but there was a real sense this week that we may have seen a turning point. U.S. stocks including both the NASDAQ and the S&P 500 have seen sharp falls already this week of 4% and nearly 5% respectively.

Oct 26 08:47

Kitco News: Gold to Replace U.S. Treasuries as the Ultimate Risk-Off Asset - INTL FCStone

If the Fed continues to steadily raise interest rates higher, gold will replace U.S. Treasuries as the “ultimate risk-off asset,” according to the New York-based INTL FCStone.

“If, as I expect, rates will go higher for longer, much higher for much longer, gold will replace Treasuries as the ultimate risk-off asset, and investors should own it as an insurance against equity market risk,” INTL FCStone global macro strategist Vincent Deluard said in the ‘Gold Is The New Treasuries’ report published this week.

The report measures gold’s ability to act as a hedge against stock market volatility, which varies from decade to decade.

Oct 26 08:10

Stock Markets down sharply in early trading

DOW down over 500 at one point this morning.

Oct 26 08:09

How gradual has monetary tightening been?

Oct 26 06:48

Rescue Time!

Oct 25 14:24

FANGS Bite the Big One After Hours

Oct 25 13:02

US Deploys 800 Troops To Southern Border As 'Migrant Caravan' Approaches: CNN

Final details are reportedly being worked out, including where the troops will come from and where they will be stationed. For example, it's unclear how many - if any - of the troops will be National Guard. According to CNN, they will mostly provide support services like building tents and running supplies for border patrol agents, who are still tasked with subduing illegal immigrants.

Webmaster's Commentary: 

A note to Sec Def Mattis: sir, I am very concerned that this number of troops being deployed, cannot possibly be enough people to contain the illegal immigrants who will be pouring across our border like a human tsunami.

And sir, you and your team had better figure out what you will do when women and children are placed right at the head of that caravan, so that the Left can have their "grisly moment" which they will then slap on the headlines of this planet's 24/7 news cycle.

Oct 25 12:37

PPT In The House!

Oct 25 12:18

What A Bunch Of Idiots!?

A few days ago the creator of the most famous consumer ‘credit score’ in the United States announced a major overhaul in how it rates borrowers.

Consumers live and die by this ‘FICO score’. A high FICO score means that it’s easy to obtain loans at lower interest rates.

And a bad FICO score (in theory) means that you have a history of not paying your debts… hence making it difficult to obtain loans.

Well it turns out there are tens of millions of people in the US who either don’t have FICO scores at all (i.e. NO credit history), or they have BAD credit.

So FICO decided that they would reinvent the way they calculate the scores– giving a big boost to people with bad credit.

Virtually overnight, people who have a history of not paying their bills will immediately be deemed creditworthy.

And poof… they’ll have access to more debt than ever before.

Webmaster's Commentary: 

Oh, please, Heavens, NO!!!

If these people have not been able to clear up their debts, how will giving them more access to cheaper capital not make the problem worse?!?!?

Oct 25 11:47

Is The Market Predicting A Recession?

Oct 25 11:37

Is J.C. Penney the Next Sears?

When taken too far, stock buybacks can deplete a company’s balance sheet to the point where there is no margin of safety to adapt to adverse changes in the economy, to changes in the competitive landscape, and to changes in consumer tastes. Having analyzed J.C. Penney’s financial statements, going back to 2001, I see them on the same path that took Sears into bankruptcy.
As a quick aside, it was during the seven years, of 2005 through 2011, where Sears’ management strip-mined the company’s balance sheet via stock buybacks. Over this period, stock buybacks amounted to $6.011 billion. Fast forward to Sears’ bankruptcy filing where this retailer listed $6.9 billion in assets and $11.3 billion in liabilities; which is a deficit equity position of $4.4 billion. Wouldn’t Sears’ management love to have that $6.011 billion of cash back? I think so.

Oct 25 11:19

In Major Concession, Trump Will Allow Iran To Remain Connected To SWIFT

In a stark reversal from its position just days earlier, the Trump administration is expected to allow Iran to remain connected to the SWIFT banking system the Washington Examiner reports, in what amounts to a major concession to European allies who have been pressuring senior U.S. officials to keep this key lifeline to the Islamic Republic open.

As recently as this weekend, Reuters reported that in order to further isolate Iran from the global financial community, Treasury Secretary Mnuchin said that the U.S. Treasury was in negotiations with the Belgian-based financial messaging service SWIFT which intermediates the bulk of the world’s cross-border dollar-denominated transactions, on disconnecting Iran from the network. Washington has been pressuring SWIFT to cut Iran from the system as it did in 2012 before the nuclear deal.

Oct 25 11:19

More Than Half A Million People: America's Homelessness Crisis Is Rapidly Exploding On Both Coasts

Did you realize that more than half a million Americans are homeless right now? One out of every four homeless Americans actually has a job, but thanks to rapidly rising housing prices they are not able to afford a place to live. So every night in this country, hundreds of thousands of people are sleeping in shelters, in their vehicles or on the streets. It is a national crisis that isn’t going away, and during the next economic downturn it is only going to intensify.

Oct 25 11:06

San Francisco’s New App ‘SnapCrap’ Lets Users Report Public Feces

The city of San Francisco now has a new app that allows users to report poop in public places. The city, under complete totalitarian leftist control, has a large homeless population thanks to unaffordable housing and the high costs of living in the city.

Created by a tech-savvy resident, the SnapCrap app allows users to take photos of errant public human feces and send those photos to city management using the city’s 311 information hotline, which serves as San Francisco’s official “poop-reporting” phone number. According to the Daily Wire, Sean Miller, the app’s creator, told NBC‘s local affiliate that he was “inspired” to launch the poop-reporting system after moving to San Francisco and finding himself forced to step over human waste lying in the middle of city sidewalks, a phenomenon he hadn’t experienced in his home state of Vermont.

Oct 25 11:02

Housing and Recessions

Oct 25 10:45

At Least 19 Killed, 10 Injured in Saudi-Led Coalition Air Raid in Yemen - Report

At least 19 people have been killed and 10 others wounded by the US-Saudi air strikes on Yemen’s western city of Bayt al Faqih located in the vicinity of the port city of Al Hudaydah on Wednesday, local media reported.

The air raid had been held hours after the previous strikes that killed three civilians, including a minor child, and injured six other people, the Masirah TV channel reported.

A recent UN report said Saudi-led coalition airstrikes – which have hit open-air markets, health clinics, schools, funerals and weddings, according to published reports — have been blamed for most of more than 16,000 civilians killed or injured in the Yemen conflict over the past three years.

Webmaster's Commentary: 

You look at all the opportunistic faux wailing, and gnashing of teeth over the death of Khashoggi, and generally rightly so, but where is the outrage for the innocents who keep getting slain by this US/Saudi death machine in Yemen?!?

Sorry folks, this is nowhere to be found, and according to the corporate Presstitutes in the US, this doesn't even ping the radar for "important news", like a change in a celebrity's hairstyle.

But I will show you, in some very graphic images, what the US/Saudi war machine is doing, right now, in Yemen:

Yemeni children assassinated and maimed for life, courtesy of Saudi air strikes

Image: Yemeni child dying of malnutrition, courtesy of US/Saudi blockade, which is the only way to bring food into the country

Image: Yemeni children dying of cholera, courtesy of Saudi-destroyed water infrastructure, and a brutal (possibly weaponised)breakout of the disease

And as long as we Americans do not say something, in a peaceful, logical manner, and do something as one people, we become complicit in the Saudi-US war crimes in Yemen.

I am asking you to please forward this article to your Congressional Representatives, asking them if they believe the murder of children here is more than just collateral damage, and how they intend, personally, to urge President Trump to put a stop to this.

Make sure, politely, that they understand that if they are up for re-election next month, taking no action on this may well cost them their campaign, particularly in close races this November.

Oct 25 10:25

Indicator Suggesting Another 20% Decline?

Oct 25 10:03

ARMS RACE: NATIONS HURRY TO DEVELOP HYPERSONIC WEAPONS

There is one big and glaring sign that the United States seeks to thrust the globe back into an arms race. John Bolton is in Moscow to discuss the United States’ intent to withdraw from the Intermediate-Range Nuclear Forces Treaty.

There is one big and glaring sign that the United States seeks to thrust the globe back into an arms race. John Bolton is in Moscow to discuss the United States’ intent to withdraw from the Intermediate-Range Nuclear Forces Treaty.

These types of weapons would have the ability to travel at five times the speed of sound or more. They could strike at a target while evading missile defenses and hit almost anywhere without any warning deep inside enemy territory.

In March, Russian President Vladimir Putin announced his nation had successfully tested a hypersonic weapon known as the Kinzhal, the Russian word for “dagger.” The video below shows the Russian “Dagger” which is one of the hypersonic weapons currently being developed.

Webmaster's Commentary: 

The last statement rather perplexes me; I would like to ask Mike Griffin, if it is true that the US did the research, which had to be highly classified, how, please, did the Chinese and Russian arms makers get their hands on it?!?

Or, is it possible, that logic drove both countries to the conclusions as to how the science behind this technology works, without ever having seen the US research on it?

The withdrawal of the US from this arms treaty will be noted as a very sad day in the history of this planet; if there are any humans left from the last great war to mourn its happening, that is.

Oct 25 09:45

MIKE ADAMS: FAKE PIPE BOMB HOAX REVEALS LAST-DITCH DESPERATION OF SELF-VICTIMIZING DEMOCRATS (WHO ARE TERRIFIED OF LOSING THE MID-TERM ELECTIONS)

(Natural News) The “fake pipe bomb” events we all witnessed today are nothing more than Democrats mailing fake pipe bombs to other Democrats.

This is their last, desperate ploy to try to control the outcome of a mid-term election they’re terrified of losing. And with that loss will come the implosion of the Democrat party, the mass arrests of thousands of deep state traitors, and the exposing of the left-wing media as a lying, anti-American “journo-terrorism” operation that despises truth and democracy.

Webmaster's Commentary: 

This ploy can only be described as desperation on the cusp of madness.

Since President Trump's 2016 election, all the Dems can appear to do is howl at "the unfairness, the madness of it all", but are totally incapable of coming up with a real plan for how they would guide the country, if they get back into power.

And that issue of "illegal aliens, poised to flood across our nation's southern border", right before the mid-terms,funded and whipped into a frenzy, and supported by the left and George Soros?!? That, too, is (metaphorically speaking) blowing up, collectively in their faces, somewhat like a bad trick cigar!

Oct 25 08:09

The Rocky Horror Show of Charts

Oct 25 06:44

New home sales bombed in September

Oct 25 06:25

The #MAGA Stock Market Trendline Is Broken

Oct 25 06:00

DotCom Deja Vu

Oct 24 19:48

Debenhams ‘to report £500M LOSS - 50 stores to CLOSE and THOUSANDS of jobs at RISK'

DEBENHAMS will announce a £500 million loss on Thursday - the biggest in its 240-year history - as it prepares to close up to 50 stores and axe thousands of jobs as it fights for its future on the UK high street, Sky News has reported.

Oct 24 19:24

Grassley Grinds Air Force Over $1200 Coffee Cups

Sen. Chuck Grassley: "$326,785 has been spent on these hot cups by the Air Force since 2016."

Oct 24 19:19

In Major Concession, Trump Will Allow Iran To Remain Connected To SWIFT

In a stark reversal from its position just days earlier, the Trump administration is expected to allow Iran to remain connected to the SWIFT banking system in a major concession to European allies who have been pressuring the U.S. to keep this key lifeline to the Islamic Republic open.

Oct 24 19:18

More Than Half A Million People: America's Homelessness Crisis Is Rapidly Exploding On Both Coasts

One out of every four homeless Americans actually has a job, but thanks to rapidly rising housing prices they are not able to afford a place to live...

Oct 24 15:29

US Deficit Is SKYROCKETING! - This Is CRAZY

Oct 24 14:04

BOOM! The Round Number Gives Way...

Oct 24 11:03

Higher Rates Are Crushing Investors

Oct 24 10:51

Cryptocurrency giants Coinbase and Circle form joint venture to boost adoption of dollar-backed digital coins

Two of the largest cryptocurrency companies, Coinbase and Circle, are joining forces to establish more ground rules in the quickly evolving asset class.

The start-ups announced a joint-venture known as the "CENTRE Consortium" on Tuesday, which they say aims at speeding up adoption of cryptocurrencies backed by actual government currencies like the U.S. dollar.

"Coinbase and Circle share a common vision of an open global financial system built on crypto rails and blockchain infrastructure, and realizing this vision requires industry leaders to collaborate to build interoperable protocols and standards," Circle co-founders Jeremy Allaire and Sean Neville said in a news release Tuesday.

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