“I don’t know how I can maintain this face of joy and warmth when I have to go home and forage for food in other people’s garbage”

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Despite all the bragging that the mainstream media is constantly doing about the U.S. economy, the truth is that most Americans are deeply struggling right now.  59 percent of us are living paycheck to paycheck, and nearly 50 million Americans are living in poverty.  Sadly, most of those that are living in poverty actually come… Read More

Tuesday Afternoon Links

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[Reuters] Wall Street slips after mixed bank earnings, Trump comments [Reuters] Trump says U.S., China still have a long way to go on trade deal [CNBC] Trade war to drag on as Trump says long way to go and China strikes hard-line tone [Politico] Trump says his friendship with Xi not as good [Reuters] U.S. home builder sentiment inches up… Read More

Monday Evening Links

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[Reuters] S&P 500 closes flat as earnings season starts [Reuters] Treasury’s Mnuchin says deal to raise U.S. debt ceiling getting closer [Reuters] Trump says has ‘better’ plan if Congress doesn’t pass U.S.-Mexico-Canada trade deal [Axios] The global debt binge begins anew [AP] Trade wars cool market for small businesses [AP] After years of plenty, auto workers want a bigger slice [Bloomberg] Global… Read More

Monday’s News Links

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[Reuters] Reassuring Chinese data nudges shares higher [Reuters] Oil prices edge lower as China’s GDP growth slows [Reuters] Trump sees slowing Chinese growth pressuring Beijing on trade [Reuters] China second quarter GDP growth slows to 6.2% year-on-year, 27-year low [Reuters] China home price growth cools in June, but investment quickens [Reuters] China June industrial output up 6.3% y/y, beats forecasts, retail… Read More

Sunday Evening Links

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[Reuters] Asian shares, dollar brace for China GDP [The Hill] Trump puts hopes for Fed revolution on unconventional candidate [Reuters] U.S. proposes barring big tech companies from offering financial services, digital currencies [Reuters] Exclusive: U.S. firms may get nod to restart Huawei sales in 2-4 weeks – official [Reuters] China second-quarter GDP growth set to slow to 6.2%, 27-year low,… Read More

Sunday’s News Links

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[Reuters] Pelosi sets spending demands for two-year budget deal [Reuters] South Korea trade ministry to raise Japan export curbs at WTO general council meeting [Reuters] Indian housing lender DHFL warns it may not survive as a going concern [Reuters] After Taiwan buys arms, China holds military drills on southeast coast [Bloomberg] Central Banks Are Tossing Grenades Rather Than Firing Bazookas… Read More

Tactical Short Q2 Recap:

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Please join Doug Noland and David McAlvany Thursday, July 18th, at 4:00PM EST/ 2:00pm MST for the Tactical Short Q2 recap conference call, “What’s Behind the Global Yield Collapse?” Click here to register. Source: creditbubblebulletin.blogspot.com

Weekly Commentary: Central Banker to the World

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Please join Doug Noland and David McAlvany next Thursday, July 18th, at 4:00PM EST/ 2:00pm MST for the Tactical Short Q2 recap conference call, “What’s Behind the Global Yield Collapse?” Click here to register. July 11 – Bloomberg (Rich Miller): “Federal Reserve Chairman Jerome Powell is starting to sound a bit like he’s the world’s central… Read More

Friday’s News Links

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[Reuters] Asian shares ease as Trump rekindles Sino-U.S. trade tensions [Reuters] Gold gains on U.S.-China trade jitters, rate cut hopes [Reuters] Oil near six-week highs amid Gulf of Mexico storm, Middle East tensions [Reuters] June imports fall at top U.S. hub for China ocean trade [CNBC] Singapore’s GDP badly misses forecasts, shrinking 3.4% from the prior quarter [Reuters] Taiwan president in… Read More

Thursday’s News Links

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[Reuters] Asia stocks gain, dollar droops as Fed chair sets stage for rate cut [CNBC] Gold hits one-week high as comments from Fed’s Powell stoke rate cut bets [Reuters] Oil hits six-week high as storm builds in Gulf of Mexico [Reuters] U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: WSJ [Reuters] Storm could become first hurricane of season and is… Read More

Wednesday Evening Links

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[Reuters] Wall Street touches new highs after comments by Fed’s Powell [Reuters] Powell testimony, Fed meeting highlight case for ‘insurance’ [AP] Powell’s message to Congress: Rate cut is likely coming soon [Reuters] Fed’s Powell bolsters rate cut view on trade, growth concerns [Reuters] Trump threatens to ‘substantially’ increase sanctions on Iran [NYT] China and U.S. Differ Over Agricultural Purchases Trump Boasted… Read More

Tuesday Evening Links

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[Reuters] S&P 500 ekes out gain though profit worries weigh [CNBC] Fed chief faces tough task in Congressional testimony: ‘Walking a tightrope over Niagara Falls’ [CNBC] Lighthizer, Mnuchin spoke with Chinese Vice Premier Liu He on Tuesday [Reuters] In blow to Mexican president, finance minister quits over economic ‘extremism’ [Reuters] PM hopefuls battle over Brexit in bad-tempered debate [Reuters] Iran Guards… Read More

Tuesday’s News Links

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[Reuters] Asian stocks hobbled by fading expectations for aggressive Fed rate cut [Reuters] Oil prices drop on signs global economy slowing amid trade disputes [CNBC] Tension between Japan and South Korea is rising, and it looks set to drag down trade [Reuters] Japan pushes back against Seoul’s calls to scrap export curbs [Reuters] U.S. State Department approves possible $2.2 billion… Read More