America's Collapse: #2 in a series
• www.paulcraigroberts.org, Paul Craig RobertsAn Economy Based on Plunder
Contents Pages by Subject
Economy - Economics USA
The Donald Means MABA: The Great Fiscal Miscreant Will Make America Broke Again
• https://www.lewrockwell.com, By David StockmanYou couldn't have timed that better. The Donald managed to hold on to a "2" in Friday's GDP report, but it was entirely due to a boom in government spending.
Peter Schiff: "Either [Powell] Is Lying, Or He's A Complete Idiot"
• https://www.zerohedge.com, Tyler DurdenThe Federal Reserve cut interest rates for the first time in over a decade Wednesday. And Jerome Powell left the door open for future cuts.
10Y Treasury Yield Plunges Below 2.00% As Curve Collapses
• https://www.zerohedge.com, Tyler DurdenThis is not what The Fed's "insurance" rate-cut was supposed to do...
"The Situation Is Crazy" - US Manufacturing PMI Plunges To 10-Year Lows
• https://www.zerohedge.com, Tyler DurdenWith China, Europe, and Japan Manufacturing PMIs are all signaling contraction, US Manufacturing PMI dropped to its weakest since September 2009 (at 50.4 vs 50.6 prior) and ISM Manufacturing tumbled to 51.2 - the lowest since Aug 2016.
Why The Fed Is Compelled To Cut Rates - Housing, Housing, Housing!
• https://www.zerohedge.com, by Charis HamiltonFrom 2008 through 2018, there were 4.4 million fewer births in the US than the US Census estimated there would be in its 2008 projection.
The Treasury Department Is In Desperate Need Of A Sucker
• https://www.zerohedge.com, by Simon BlackTen years ago, at the peak of the global financial crisis, the Board of Trustees which oversees Social Security in the United States issued a stark warning:
Watch: Fed Chair Powell Explain Why He's Cutting Rates At Record High Stocks...
• https://www.zerohedge.com, By Tyler DurdenWatch: Fed Chair Powell Explain Why He's Cutting Rates At Record High Stocks & Record Low Unemployment
Powell Pivot Complete - Fed Cuts Rates For First Time In 11 Years, Faces Two Dissents
• https://www.zerohedge.com, By Tyler DurdenJust over eight months since Fed Chair Powell panicked and pivoted as global stocks (and bond yields) tumbled, the flip-flop is complete as The Fed has cut rates (by 25bps) for the first time since Dec 2008 (and cut the IOER to 2.1% from 2.35%).
Leading Indicator Of Home-Remodeling Activity Warns Big Drop Coming
• https://www.zerohedge.com by Tyler DurdenGrowth in residential remodeling spending is expected to fall through 2H20, according to the Leading Indicator of Remodeling Activity (LIRA) published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
People Aren't Buying . . . Here's Why
• https://www.ericpetersautos.comNew car sales are down - again - for the seventh month in a row. Which means they've been slipping all year long so far. The last time it was this slow was about ten years ago - which was the last time the car business fell down and almost co
Host:
Ernest Hancock
07-31-19 -- Bob Anderson (Jackalope) - Tim Picciott (Economic Report) (MP3s & VIDEO's)
Program Date:Bob Anderson (libertarian activist; off-grid living) calls in from the Jackalope Freedom Festival in Baca Meadows, AZ - Tim Picciott (Crypto Self Direct; The Liberty Advisor; Wealth Manager @ Innovative Advisory Group) gives The Economic Report
Case-Shiller Home Price Appreciation Slows For 14th Straight Month
• https://www.zerohedge.comUS home price appreciation slowed for the 14th month in a row in May, rising only 2.39% YoY (below expectations), its weakest home price growth since Aug 2012...
US Treasury Now Expects To Borrow Over $800 Billion In Debt In Two Quarters
• https://www.zerohedge.com,One of the reasons why Trump and Congress were so quick to pass a debt ceiling deal last week is that had they failed to do so, with the Treasury's cash balance sliding precariously lower and expected to hit $0 by early September...
"All-In!"
• https://www.zerohedge.com, by Sven HenrichAs outlined this weekend put call ratios are fairly low and benign going into this week's Fed meeting. No worries. Investor positioning? All in long it appears.
The Federal Reserve Is Gambling With The Global Economy
• https://www.zerohedge.comThe economy is being gambled with. The Federal Reserve is likely going to cut interest rates this week, and the global economy is at stake.
Collapse in Trade: Exports Down 2.7%, Imports Down 2.2%
• https://moneymaven.io, by MishThe trade deficit in goods shrank a bit but the real story is a sharp slowdown in trade.
Mapped: The Countries With The Highest Housing Bubble Risks
• https://www.zerohedge.com by Jeff DesjardinsWith a decade-long bull market and an ultra low interest rate environment globally, it's not surprising to see capital flock to housing assets.
Whistling Past The $70 Trillion Debt Graveyard
• https://www.zerohedge.com, Tyler DurdenLast week, we discussed the setup for a near-term mean reversion because of the massive extension above the long-term mean.
Q2 GDP Smashes Expectations As Personal Spending Soars Most Since 2014
• https://www.zerohedge.comIf the Fed thought its life was complicated before, when it was expected to cut rates even as the US economy was firing on all cylinders and humming along, Powell's problems just hit nightmare level, following a Q2 GDP print that not only came in far
We Will Have To Reboot Our Standard Of Living To Survive As A Nation
• https://www.zerohedge.com, by Tom ChathamIn 1940 you could buy a nice cape cod style home for around $2,500. Someone entering the job market likely started out at $25 a week. A 1940 Buick with a straight 8 would run you $895 and up.
"Holy Grail Of Indicators" Warns Of Economic Trouble For US Economy
• https://www.zerohedge.com by Economic Cycle ResearThe manufacturing PMIs have become the holy grail of indicators for many market participants. ECRI's U.S. Leading Index of Manufacturing PMIs (USLIMPMI) anticipates cyclical shifts in the ISM and Markit manufacturing PMIs for the U.S. to a 2 2/3-ye
Ugly, Tailing 7Y Auction Concludes Week Of Dismal Treasury Sales
• https://www.zerohedge.com, Tyler DurdenIt was a week of Treasury auctions to forget.
An "Earnings Recession" Is Here...
• theeconomiccollapseblog.com, by Michael SnyderIf the U.S. economy really was "booming", then corporate earnings would be rising. But that isn't happening.
"Largest Correction Since The Great Recession":
• https://www.zerohedge.com by Tyler DurdanU.S. Home-Buying By Foreigners Sees Record Plunge
How This Plays Out?!?
• https://www.zerohedge.com by Chris HamiltonDeceleration, Distortion, Debt-Deflation, Depopulation, Default, & Depression
Host:
Ernest Hancock
07-25-19 -- Tim Picciott (Economic Report) (MP3s & VIDEO's LOADED)
Program Date:Tim Picciott (Crypto Self Direct; The Liberty Advisor; Wealth Manager @ Innovative Advisory Group) gives The Economic Report; re-cap of FreedomFest 2019 and Anarchovegas...World Ayahuasca Conference 2019 Re-Cap (held in Spain in May 2019)
Entering Period of Perpetual Money Printing – John Williams
• https://usawatchdog.com, by Greg HunterEconomist John Williams says be careful what you wish for when it comes to Federal Reserve interest rate cuts. Williams explains, "Unless you can get a good healthy consumer, you are not going to get a good healthy economy.
"She Has A Flair For Darkness"...
• https://www.zerohedge.com, Tyler DurdenCentral bankers have two key roles: the first, and more trivial one, is to set the price of money by adjusting short-term interest rates, something they have been doing since the advent of central banking; the second and far more important role (espe
Are You Ready for Negative Interest Rates? Strategies to Survive What's Coming- Bob Kudla-CSS
• The common sense showI recently interviewed economic expert Bob Kudla of Trade Genius on the coming zero interest rates. In the short term, they will be boost to the economy much like what a crack addict gets when takes cocaine to relieve himself of the pain of withdraw
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