OPEC has sufficient spare capacity to respond to supply shortages after this weekend’s attacks on oil infrastructure that took more than half of Saudi Arabia’s oil production offline, Suhail Al Mazrouei, the energy minister of the United Arab Emirates (UAE), said on Monday. On Saturday, the Abqaiq facility and the Khurais oil field in Saudi […]
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JPMorgan Traders Indicted for Market Manipulation, Racketeering…
Three JPMorgan employees, some of whom were executives, were indicted on charges related to making fake orders of gold, silver and other metals to trick the market, federal Department of Justice announced Monday. Gregg Smith, 55, Michael Nowak, 45, and Christopher Jordan, 47 and other co-conspirators allegedly manipulated the market by placing orders that they […]
In the WeWork IPO, the Money Trails End Up at JPMorgan’s Doorstep…
According to the amended prospectus filed with the Securities and Exchange Commission to alert the public to the thousands of warts with malignant possibilities sprouting out of the office rental company, WeWork, which plans to offer its shares to the public for the first time, JPMorgan Chase will receive something no other underwriter is getting […]
U.S. Beats Saudi Arabia to Become Top Oil Exporter on Shale Boom…
The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more. Surging output from shale helped America ship almost nine million barrels a day of crude and oil products in June, surpassing Saudi Arabia, the International Energy Agency said in […]
Michelle Malkin to Trump: ‘Shut Down’ Federal Reserve Remittance Program for Illegal Aliens…
During an interview with SiriusXM Patriot’s Breitbart News Daily, Malkin detailed how the Federal Reserve actually aids illegal aliens living in the United States through a federal remittance program, included in her latest book, Open Borders, Inc: Who’s Funding America’s Destruction? “I was working on a section in Chapter One which is on the caravan […]
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Best “Recession” Ever – MAGAnomics: Inflation 1.7%, Wage Growth +3.5%, Real Worker Earnings +1.8%…
A series of very strong internal economic evaluations today from the Bureau of Labor Statistics (BLS) and the U.S. Department of Labor (DOL) show the Main Street economy is perfectly positioned with maximum benefit to the U.S. middle-class. First, despite two years of doomsayer predictions from Wall Street’s professional punditry, saying Trump tariffs on China […]
SHOT: Trump Praises China’s Tariff Exemptions as Trade Talks Approach…
US President Donald Trump on Wednesday welcomed an apparent olive branch from Beijing in the grinding trade war between the two nations, which came weeks before negotiations are due to resume. Beijing announced it was temporarily exempting some US exports from tariff increases, a gesture that lifted equities markets long buffeted by the ups and […]
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China: A Paper Tiger in a Fragile Economy by Andrew Moran…
We typically imagine the Chinese entrepreneur crunching numbers, working around the clock to boost the economy, and repeating Communist propaganda about the West being the supreme devil. But we might have it wrong. Considering that the major source of funding for tens of thousands of companies in China originates from the central bank’s printing press, […]
CEO Compensation Increased 940% Between 1978 and 2018, Workers’ Only by 12%…
An Economic Policy Institute study shows that the dramatic increase in CEO compensation has a large impact on increasing inequality–worker pay could have doubled without the rise in CEO income…The compensation of CEOs at US corporations has grown by nearly a factor of ten since 1978. This is according to a study recently released by […]
Here’s the Proof the Federal Government Is Overtly Lying to the Public about Wall Street’s Derivatives…
Based on every meaningful investigation into the epic financial crash of 2008 that resulted in the worst economic crisis in the U.S. since the Great Depression, derivatives that were concentrated at Wall Street’s largest banks played a central role in the crisis. And yet, 11 years later, neither Federal regulators nor Congress have meaningfully reined […]
Who in the World Would Spend, Let Alone Wear, These $462 Asymmetrical Jeans, Seriously?!?…
Department store Neiman Marcus is helping people with their indecisiveness by selling asymmetrical jeans. The $462 high-waisted jeans feature one skinny leg and one wide leg. They can be bought in a medium blue color, ranging from sizes x-small to large. h/t Lucianne.com…
Cambria CEO Marty Davis: “You cannot have free trade with a dictatorship that is harvesting the prosperity of an American Democracy”…
This is another one of the rare interviews where an American CEO calls out the specifics of how Wall Street greed created the China problem that pummeled Main Street. Cambria CEO Marty Davis discusses the root of the trade issues with China and President Trump’s efforts to address the problem. He accurately calls attention to […]
U.S. Imposes Duties on Structural Steel from China, Mexico…
The U.S. Commerce Department said on Wednesday it imposed duties on Chinese and Mexican structural steel after making a preliminary determination that producers in both countries had dumped fabricated structural steel on the U.S. market at prices below fair market value. The department said it imposed duties of up to 141% on Chinese structural steel […]
Wall Street’s Trading Secrets: This U.S. Senator Wants to Keep You in the Dark…
On July 29, those savvy market watchers at Themis Trading posted a report on their blog about how a Republican Senator from Louisiana (about 1400 miles from Wall Street) had taken a peculiar interest in the long-delayed system that would shine a bright light on who might be rigging stock trading on any particular day. […]
POWELL: FED IS NOT FORECASTING OR EXPECTING RECESSION…
Federal Reserve Chairman Jerome Powell said Friday the central bank’s pivot this year to lower interest rates has helped sustain U.S. economic growth. Speaking during a forum in Zurich, the central bank leader gave mostly positive reviews to where the U.S. stands now, even while much of the rest of the world weakens. “The Fed […]
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Why Is JPMorgan Chase Always in the Middle of Scandalous News? Fake Gold Anyone?…
If your bank is under a criminal probe for potentially rigging gold and silver markets, it doesn’t help your case to have $50 million in fake gold bars sitting in your vaults. Nonetheless, this is what Reuters reported last week: “In the last three years, bars worth at least $50 million stamped with Swiss refinery […]
ADP Employment Surges in August…
ADP reports that jobs growth rebounded for the second month in a row in August, up 195k (crushing expectations of a 148k rise and above the highest analyst estimate). Bloomberg – “In August we saw a rebound in private-sector employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. This is the […]
Trump Has the Right Strategy on Beijing. As a Chinese Dissident, I’d Know…
As the world watches President Trump wage a protracted trade war with China, many people are scratching their heads, wondering if he knows what he’s doing when it comes to my home country. Trump is regularly criticized for being unpredictable and erratic — praising Chinese President Xi Jinping one moment, then escalating the confrontation the […]
Steve Bannon’s Warning on China Trade War with Kyle Bass (VIDEO)…
T-Room Here: This interview of Steve Bannon by Kyle Bass is very informative, especially on all things China. It may have been filmed in 2018 and released in 2019 the substance of the interview is timely. “Steve Bannon and Kyle Bass discuss America’s current geopolitical landscape regarding China. Bannon and Bass take a deep dive […]
The Bizarre Action in U.S. Treasuries Is Linked to the U.S. National Debt and the Repeal of the Glass-Steagall Act…
Yesterday, the Dow Jones Industrial Average closed up 258 points but the yield on the 10-Year U.S. Treasury fell below 1.50 percent. In a normal market, if stocks are rallying that means there is confidence in the trajectory of economic growth in the U.S. When yields are collapsing on U.S. Treasuries, that means there is […]
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