NASA Blasts Boeing’s Software Certification Process: Missed “Potentially Catastrophic” Glitch In what is clearly not a good sign for the ongoing re-certification of the disastrous 737 MAX, Boeing faced more criticism this week as a NASA safety panel recommended a review of the planemaker’s software verification processes after revealing there was a second software problem […]
Yes, The Rich Are Fleeing Illinois… And They’re Taking Billions With Them Authored by Mark Glennon and John Klingner via Wirepoints.org, We’re often told that Illinois is not losing its highly taxed residents. For example, a Chicago Magazine article last week had a headline saying exactly that. Don’t worry about lost income from the rich leaving, we’re […]
This Is How Americans Paid For That Record Holiday Spending: Credit Card Debt Exploded In December There was something strange in last month’s consumer credit data from the Federal Reserve: at a time when Americans were getting ready to unleash a record holiday spending spree, revolving, i.e., credit card debt actually contract the most since […]
White House Asks Scientists To Investigate Whether 2019-nCoV Was Bio-Engineered A week ago, we published details that raised questions about the source of the Wuhan novel coronavirus, specifically questioning the official theory for the spread of the Coronavirus epidemic, namely because someone ate bat soup at a Wuhan seafood and animal market as a fabricated […]
The Consequence Of Globalism Is World Instability Authored by Paul Craig Roberts, If the coronavirus proves to be serious, as it does not appear to be at the present time, many economies could be adversely affected. China is the source of many parts supplied to producers in other countries, and China is the source of […]
“Political Retribution”: New York To Sue Trump Admin Over Suspension Of Global Entry Program New York state is suing the Trump administration over the Department of Homeland Security’s decision to ban New Yorkers from the Trusted Traveler Program in what Attorney General Letitia James called “political retribution” after the state passed a law blocking immigration […]
Kunstler: The Democratic Party “Has Entered The Slapstick Phase Of Its Self-Destruction” Authored by James Howard Kunstler via Kunstler.com, Slapstick Suicide With Adam Schiff and Jerrold Nadler cast as Laurel and Hardy, the Democratic Party entered the slapstick phase of its self-destruction, moving from one botched scheme to the next amidst a chaos of falling […]
Here Are The 2 Trillion Reasons Why Stock Markets Are Soaring In The Face Of A Global Pandemic After having extended its Lunar New Year break, and with yet more cities and firms still shutting down than doing any re-opening, Rabobank notes that Beijing is starting to become cognizant of just how deep and serious […]
The Bull Cliff Authored by Sven Henrich via NorthmanTrader.com, Are central banks, in their desperate quest to intervene big time, pig time, all the time, to extend the business cycle at all costs, setting up bulls for a dive off of the proverbial cliff? Consider: We’re in the longest post war economic expansion, unemployment is […]
JPMorgan Now Expects China Q1 GDP To Drop To 1%, Crash To -4% If Coronavirus Is Not Contained Over the past week, Wall Street’s attention has shifted away from the human toll of the Coronavirus pandemic, which according to conventional wisdom is that it “appears to be contained” and will peak some time in March […]
The Eternal Relationship Between Gold And Global Crisis Authored by Brandon Smith via Birch Gold Group, Though it is often referred to by critics and elitist central bankers as a “barbarous relic”, there is no denying that gold is usually the go-to asset during times of crisis and uncertainty. And as much as they pretend […]
Here Is The Buying Panic: Fed Liquidity Flood Leads To Record Inflows Into Bonds, EMs And Tech The world has never been as much of an Onion/Babylon Bee (insert as per your ideological preference) satire of itself, as it is now. Earlier this morning, the Fed had the temerity to lament that “asset valuations are […]
Rachel Maddow Blames 4Chan For Shambles In Iowa Authored by Paul Joseph Watson via Summit News, Rachel Maddow blamed anonymous messageboard 4Chan for the debacle in Iowa, claiming that a handful of calls ‘clogged up’ the Iowa Democratic Party phone lines. The delay in reporting the results of the Iowa caucus was blames on “reporting […]
Ex-PIMCO CEO Gets 9 Months In Prison For Role In College Admissions Scandal The former CEO of bond giant PIMCO, Douglas Hodge, has been sentenced to 9 months in prison for his role in the college admissions scandal that rocked the nation – and the wealthy – last year, according to Bloomberg. “I have made […]
Pelosi Accuses Trump Of Looking “Sedated” At State Of The Union Authored by Jonathan Turley, I have previously written that some Democrats appear to be adopting Trump-like tactics while denouncing Trump for the very same conduct. The trend is spreading with name calling and increasingly outlandish criticisms. The Democrats will not out-Trump Trump, but they will erase […]
Panicked Hong Kongers Hoard Food, Water, Supplies Amid Coronavirus Hysteria Now that striking health-care workers have successfully forced Carrie Lam’s government to close most of its border links with the mainland and dramatically restrict travel from elsewhere in China, a full-on panic has engulfed the city, fueled by “malicious rumors” about supply shortages, Reuters reports. […]
Airliner With 172 Passengers Almost Downed Due To Israeli Attack On Damascus: Russian MoD Russia’s Defense Ministry has issued a rare scathing public condemnation of the latest round of Israeli airstrikes which occurred Wednesday night into the early hours of Thursday morning in and around Damascus. Though brief in duration, they have been described as among the most […]
Saxo Bank: Was It A False Breakout In Equities? Authored by Peter Garnry, head of Equity Strategy, Saxobank, Summary: In this equity update we talk about the growing evidence of the global supply chain grinding to a halt which could very quickly lead to a significant impact on economic activity. Something that is clearly not […]
Six Women Of Color Quit Warren Campaign Over ‘Toxic Work Environment’ Six women of color have quit Sen. Elizabeth Warren’s Nevada campaign just before the state’s caucuses over a “toxic work environment in which minorities felt tokenized and senior leadership was at loggerheads,” according to Politico. The six staffers represent just under 10% of Warren’s […]
Fed Warns “Asset Valuations Elevated”, Coronavirus Presents “New Risk” To Global Outlook With the sellside piling in and rushing to outforecasting itself on how much global GDP growth will be hit in Q1 (and onward) as a result of the global coronavirus pandemic, which prompt Goldman to slash 2% from its global Q1 GDP forecast, […]
Epidemiologist Warns, You Can’t Keep The Coronavirus Out Of The US Authored by Mac Slavo via SHTFplan.com, The United States has implemented travel restrictions in recent days to keep the fast-moving coronavirus that has crippled much of China from spreading across America. But one epidemiologist is warning it won’t work… “I have never seen instances […]
Trump Beats Democrats’ Emoluments Lawsuit Trump’s ‘best week’ has just gotten a little better, after the US Court of Appeals for the DC Circuit tossed out Congressional Democrats’ third attempt to nail Trump after claiming he is in violation of the Constitution’s Emoluments Clause. In a Friday decision, the court vacated a district court judge’s […]
Payrolls Revisions Wipe Out As Much As 520,000 Job Gains Under Trump As we pointed out overnight, the big story in today’s jobs report would not be the January payrolls increase, which as we observed earlier was impressive, surging by 225K, well above the 165K consensus forecast, but the historical revisions to Payrolls data, which […]
It’s Getting Very Narrow Up Here… Authored by Sven Henrich via NorthmanTrader.com, New highs again for tech as $NDX keeps relentlessly crawling higher, now 16.2% extended above its 200MA. As outlined yesterday’s it’s a key warning signal. This latest rally has produced another warning signal and that is the leadership in $NDX is narrowing dramatically. Narrowing leadership […]
Trump Was “Apoplectic With Rage” During Call With Boris Johnson Over Huawei Decision When Prime Minister Boris Johnson decided to defy the Pentagon’s warnings and approve Huawei’s bid to build “non-core” components of the UK’s 5G network, the White House quickly made its dissatisfaction known, as we reported at the time. Johnson was walking a […]
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