They're Calling It A "Bloodbath" For The $800 Billion Trucking Industry As US Economy Collapses

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Trucks Public Domain

Authored by Michael Snyder via The Economic Collapse blog, The U.S. trucking industry has not experienced a downturn of this magnitude since the last financial crisis, and this is one of the clearest signs yet that the U.S. economy is steamrolling into a severe economic downturn.  <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> When economic activity is increasing,… Read More

Curve Sanity (Updated)

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ABOOK June 2019 EuroD Curve 6 30 17

UPDATED for imminent rate cuts and latest FOMC statement (June 19) Rate cuts will be insurance against whatever “trade wars” will throw at the global economy. That’s the current line from monetary officials in the US, anyway. The real question to ask is, how would they know? Starting with trade wars. Is that really what’s… Read More

8 Reasons A Huge Gold-Mania Is About To Begin

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180921 gold dollars

Via, An epic gold bull market is on the menu for 2019. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> I’m not talking about a garden-variety cyclical gold bull market, but rather one of the biggest gold manias in history. This gold mania will be riding the wave of an incredibly powerful trend… the re-monetization of gold.… Read More

5 Things You’re Probably Spending Too Much On…

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signature nilus mattive 1

This post 5 Things You’re Probably Spending Too Much On… appeared first on Daily Reckoning. When planning on how much to save for retirement, you first need to know how much you’ll spend. The general rule is that you’ll need 70% to 80% of your pre-retirement income to maintain your standard of living. However, a… Read More

Dear Central Bankers: Prepare to be Swept Away in the Next Wave of Populism

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inequality NYT8 17a

The political moment when the “losers” connect their discontent and decline with central bankers is approaching. The Ruling Elites’ Chattering Classes still haven’t absorbed the key lesson of the 2016 U.S. presidential election: the percentage of the populace that’s becoming wealthier and more financially secure in the bloated, corrupt, self-serving Imperial status quo is declining and… Read More

Dollar, Bond Yields, & Bank Stocks Tumble After 'Dovish' Fed Statement

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Not priced in… The Fed shifted its dot plot notably lower – though 2019 median remains unch – and that has sent bond yields and the dollar careening lower…. Dollar dumped to one-week lows… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> 10Y Yields plunged to yesterday’s intraday spike lows… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> The major stock… Read More

The Most Splendid Housing Bubbles in Canada, May Update

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Canada house price Teranet 2019 06 19 Vancouver

Vancouver housing bubble sags. Toronto down 3.4% from peak. Calgary and Edmonton back to 2007. Montreal sets new record. National index ticks up the least for any May in 21 years of data. Home prices across major metros in Canada ticked up 0.5% in May from the prior month, the slowest rise for any May… Read More

Wednesday’s News Links

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[Reuters] Fed holds rates steady, signals cuts possible later this year [CNBC] Fed holds rates steady, sees no cuts in 2019 [Reuters] Banco do Brasil’s unsecured debt with Odebrecht at $1 billion: CEO [Bloomberg] Fed Leaves Rates Unchanged, Scraps ‘Patient’ Approach in Prelude to Possible Cut [Bloomberg] Pimco Says the Strong Dollar’s Run Is ‘Close to the End’ Source: