“The Skid Is Everywhere” And We Just Got Confirmation That The Worst Is Yet To Come

Via Zerohedge Authored by Michael Snyder via The Economic Collapse blog, All over America, large portions of our major cities are being transformed into stomach-churning cesspools of squalor.  Thousands of tens cities are popping up from coast to coast as the homeless population explodes, even the New York Times admits that we are facing “the worst drug crisis in American history”,...

Se hele verdens CO2 udledning i én graf

Via Zerohedge Submitted by Visual Capitalist All the World’s Carbon Emissions in One Chart Two degrees Celsius may not seem like much, but on our planet, it could be the difference between thriving life and a disastrous climate. Over two centuries of burning fossil fuels have added up, and global decision-makers and business leaders are focusing in on carbon emissions...

[KR1394] Keiser Report: China’s long game

Via Max Keiser In this episode of the Keiser Report, Max and Stacy ask whether China is the wise man pointing at the moon, while America is the idiot looking at the finger. Charles Gave, founding partner and chairman of Gavekal Research, believes China is playing the long game, and the West will be left behind. In the second half,...

Trump stands down on Mexico tariffs after securing immigration deal

Via Fox Business President Trump backed away from his plan to slap a 5 percent tariff on Mexican goods late Friday night after the nation agreed to enforce a tougher stance on immigration and purchase more agricultural goods from the U.S. “MEXICO HAS AGREED TO IMMEDIATELY BEGIN BUYING LARGE QUANTITIES OF AGRICULTURAL PRODUCT FROM OUR GREAT PATRIOT FARMERS,” Trump wrote...

This chart suggests Treasury yields are months away from bottoming because of a ‘persistent’ inflation downturn

Via Yahoo Finance Economic forecaster Lakshman Achuthan sees a bearish trend unfolding that should keep Treasury yields at multi-year lows longer than Wall Street anticipates. Achuthan, co-founder of the Economic Cycle Research Institute, builds his case on a single chart showing forward looking inflation measures. His major takeaway: Inflation is in a downturn, and it’s creating an even more challenging...

Oil Just Had Its Worst Run Since 2008

Via Oilprice.com Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is also beginning to look more negative. The EIA report was exceptionally weak, showing a strong build in crude oil (+6.8 million barrels), gasoline (+3.2 million barrels) and distillates...

China to roll out export controls on sensitive technology

China will establish a mechanism for export control of sensitive technology, the official Xinhua news agency said on Saturday. The mechanism would “prevent and resolve national security risks”, Xinhua said. Details would be released soon, it added. The announcement comes amid a souring of relations with the US after the most recent round of trade negotiations ended without a deal...

Feds: Kushner’s criminal justice reform working, blacks benefit overwhelmingly

Donald Trump via Facebook My administration’s criminal justice reform is WORKING! It is overwhelmingly benefiting the African American community! Feds: Kushner’s criminal justice reform working, blacks benefit overwhelmingly The first report of the impact on the bipartisan criminal justice reform package pushed by top Trump aide Jared Kushner shows that it is working to cut sentences, especially for black prisoners.

Take Five: Enter the dragon

Via Reuters Finance (Reuters) – CROUCHING DRAGON FILE PHOTO: Containers are seen at a port in Huaian, Jiangsu province, China May 5, 2019. REUTERS/Stringer There’s plenty of life left in the Chinese dragon, but after roaring for three decades it’s certainly lost some of its puff. Markets are primed for exports from the world’s second largest economy to show weakness...

Tesla Model X Reportedly On Autopilot Slams Into Construction Truck, Killing Driver, In Ukraine

Via Zerohedge Another day, yet another fatality in a Tesla where Autopilot may have played a role.  A fatal accident involving a Tesla Model X reportedly on Autopilot occurred on the Kyiv-Zhytomyr highway in Ukraine on Friday June, 7, 2019, according to Autogeek.  The Model X reportedly drove under a tanker truck (where have we heard that before?) that was helping perform roadwork,...

Big tech’s antitrust fears give investors a rare chance to buy Facebook, Amazon on the cheap

Via Yahoo Finance FAANG stocks displayed at the Nasdaq. More Washington’s apparent assault on big tech companies like Alphabet, Facebook and Amazon could be a blessing in disguise for investors as they present a massive buying opportunity. Alphabet and Facebook shares fell 3.4% and 2.3%, respectively, for the week. Amazon was up 1.6%, but lagged the S&P 500’s 4.4% gain...

Fitch Cuts Pemex to Junk, on Track for Largest “Fallen Angel” in History. Cuts Mexico to Near Junk

Via Wolf Street President of Mexico not amused: “In three years there was no investment in exploration, no investment in drilling wells, and they rated Pemex very highly. Now that there is investment, they downgrade Pemex.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. After months of firing warning shots, one of the big three ratings agencies, Fitch Ratings, has...

Mai Villadsen, vores nye nordsjællandske folketingsmedlem

Via Enhedslisten 8. juni 2019 Navn: Mai VilladsenAlder: 27 årFunfacts: Har sunget i kirkekor i mange år “Jeg vil knokle for, at det samfund, vi giver videre til næste generation, er bedre end det, vi har i dag. Jeg vil have en bæredygtig jordklode og et stærkt velfærdssamfund, som griber os.” I min generation er vi trætte af at se...

SE: Keiser Report: China’s long game (E1394)

Keiser Report via Youtube In this episode of the Keiser Report, Max and Stacy ask whether China is the wise man pointing at the moon, while America is the idiot looking at the finger. Charles Gave, founding partner and chairman of Gavekal Research, believes China is playing the long game, and the West will be left behind. In the second...