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$5.7T in Non-Financial US Corporate Debt. And It All Gets More Expensive From HereDec 19, 2018 - 06:22:23 PST
"2019 will be defined as a year of deleveraging," said Peter Boockvar, chief investment officer at Bleakley Advisory Group. "You're going to hear much less about buybacks and dividend increases. That's one of the areas of excess in this cycle."
"Atlantic Equities’ John Heagerty cut his recommendation on JPMorgan Chase & Co. to neutral, saying the bank now 'offers the least upside' to price targets."
Dec 19, 2018 - 05:23:57 PST
An entire industry depends upon one thing: the idea that the full faith and credit of the US government stands behind most mortgages.
"Bad Business on Steroids": A Day in the Life of a Wells Fargo ExecutiveDec 19, 2018 - 05:06:32 PST
"Former employees say these awards led to behavior that was not in the best interest of clients, including steering them towards higher-fee products. The Growth Award was much discussed internally, says a former investment strategist at Wells."
When Your Entire Economy Depends on a Finite Resource: "Saudi Arabia Is Going Bankrupt"Dec 19, 2018 - 05:03:10 PST
"For Saudi Arabia to be able to meet its projected revenue and fund these generous payments it will need oil prices to rise higher. Much higher."
Last week, officials broke ground for construction of the country's first state gold depository in Texas. The creation of the Texas Bullion Depository represents a power-shift away from the federal government, provides a mechanism for the state to establish a higher level of economic independence, and sets the foundation to undermine the Federal Reserve’s monopoly on money.
Want To Analyze Gold's Likely Price Direction? Don't Buy Into Stories Or Manipulation ConspiraciesDecember 19, 2018
There is a way to analyze the likely price direction of gold, and Keith Weiner explains the way to do it...
Mining companies have generally been silent on matters of market manipulation. Here's Chris Powell with some insight as to what may be going on...
What does TraderStef need to see in the gold market and on the charts to change her outlook from neutral to bullish? Here's what...
Credit Suisse's 2019 S&P 500 Predication Was so Bad They've Already Changed ItDec 18, 2018 - 08:24:54 PST
"Our lower price target reflects recent volatility, rather than a change in fundamental backdrop" is a bunch of big bank nonsense-speak for "We were flat out, painfully, 100%-in-the-wrong-direction-wrong but aren't honest enough to just admit that."
Deck the Halls With Vows of Folly: No Plan as Government Nears Holiday ShutdownDec 18, 2018 - 08:20:44 PST
"As of Monday night, even Senate Republican leaders did not know President Donald Trump's plan to avoid a government shutdown amid an impasse over his proposed border wall."
"The former Federal Reserve chairman who famously warned more than two decades ago about 'irrational exuberance' in the stock market doesn't see equity prices going any higher than they are now."
Dec 18, 2018 - 08:05:28 PST
"China’s cleanup of its shadow-banking system is fueling a record number of liquidations in its $1.9 trillion mutual fund market. China’s stock market is headed for its worst year since 2011, with the Shanghai Composite Index down more than 20 percent year to date."
"In 2000, Kentucky’s public retirement plans were fully funded. Since then, they’ve accumulated nearly $43 billion in debts — making Kentucky’s pension system one of the worst-funded in America."
Join Mike Maloney as he shows how a 'taxation nightmare' is evolving at a rapid pace around the world. Three recent examples of government meddling are provided, and anyone who has studied monetary history will know that this does not end well.
"China’s stimulus policies may not be enough to jump-start profit growth at the nation’s corporations, raising the prospects of more debt defaults next year, analysts say."
This is shaping up to be a December to remember.Wall Street is on pace for its worst December since 1980.
German Business Sentiment Tumbles to 2-Year-Low as Eurozone's Stalwart Economy StrugglesDec 18, 2018 - 06:29:58 PST
"The Ifo Institute’s gauge of corporate confidence in Europe’s largest economy fell to 101.0 in December from 102.0 in November. The fourth straight decline will add to concerns about economic prospects in Germany and the 19-nation euro area after the European Central Bank decided to rein in stimulus."
Voodoo Economics: Trump Advises Fed to "Feel the Market", not Use "Meaningless Numbers"Dec 18, 2018 - 06:05:17 PST
Trump continues his relentless lobbying for the Fed to keep all the QE bloat on the balance sheet and return to ZIRP.
Xi Gives Defiant Speech on Chinese National Television: "Stay the Course"Dec 18, 2018 - 06:02:31 PST
"No one is in a position to dictate to the Chinese people what should or should not be done,' Xi said in Mandarin Chinese during the speech, according to an official translation broadcast through state media."