More Tariff News Driving Markets Down But Small Caps Holding Up
Chris Temple joins me today to share his thoughts on the recent tariff news and how it is impacting the markets. Small caps seem to be weathering the storm but overall the investing climate continues to be one where investors need to be selective and pick their spots.
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There is a glut of autos anyway………..the inventory needs to be soaked up……Germans need to go back home……the cars have turned into junk……and the parts are way to expensive.
needs to need…….
But, Americans have lost their ability to make quality products, ….since, 1970’s the auto industry has been going down hill…….all started with the token 10% rule.
Not sure this is all good news……….just changing of the guard…….
Not sure this is all good news…..or just changing of the guard……….jmo
Wrapping up the top five were “After the Bell” on Fox Business, with 176,000 viewers, and CNBC’s “Squawk on the Street/Squawk Alley,” with 172,000. Mad Money with Jim Cramer was nowhere to be found.
Good………….Cramer is gone mad…………..
long ZFGN and MRNS
Where are those morons that said there is no inflation………
Where are those morons , that said there is no inflation…
Here’s what you’re supposed to swallow: big-ticket expenses such as rent, healthcare and higher education cost tens of thousands of dollars more, but TVs cost a few bucks less, and as a result, official inflation is 2.1% annually.
As long as we accept this travesty of a mockery of a sham, we deserve what we get.
Agreed OOTB. Anyone that has gone out into the marketplace or has 2 brain cells to rub together knows inflation is MUCH higher than 2%, and that the metrics the governments uses are nonsense and show a false sense of pricing staying flat (which is far from reality).
Just look at something like event tickets (concerts, sporting events, movies, etc…).
One easy place to see inflation creeping up are with movie tickets. Movies were a few dollars, then $5, then $6.50, $7.50, $8.50, and now depending on the time they can be $10+ or $12-$15 a movie if one does IMAX or some other larger screen option. This is symptomatic of so many parts of daily life where there is clear inflation nibbling away at peoples disposable income, and where the dollar has lost more and more purchasing power from one decade to the next.
As you mentioned things like rent, healthcare and higher education creep higher and higher, and yet bobble-head reporters on the lame stream media go around parroting that there isn’t hardly any inflation. (???)
Here’s another simple, example of inflation eating more dollars out of consumers wallets….. Beer.
In the prior decade, a 6 pack of beer was $4.50-$5.00…. and then it made the smooth transition to $6 for 6-pack. (a dollar a holler as we said)…… then $7, then $8, and now many 6-packs of beers are $8.99-$12.99. Some better beers are $14 a 4-pack.
It isn’t hard to imagine where the trend is heading. Soon it will be $20 a 6-pack and people will bang on about how there is relatively no inflation….. Again, what planet do they live on?
I do not know of one thing , that has not gone up in cost……….except silver…..lol
sad but true….
Silver will play catch up soon enough, and it has gone up the last few years in many other currencies, just not relative the dollar….. yet.
Republicans are sowing the seeds of the next financial crisis
according to some, …….it is only a continuation of 2008……..which was never solved.
Who in their right mind, ever came up with QE, TBTF……..
Hell, we have been in a financial crisis since 2000
Resulting in 9/11………which hid a lot of mismanagement, loss of $2.3 Trillion missing at the pentagon
We are missing $21 Trillion, that the Shadow Govt. has taken….
This mess started way before now…….
Image result for Matthew Yglesias
Matthew Yglesias is an American blogger and journalist who writes about economics and politics from a liberal perspective. Yglesias has written columns and articles for publications such as The American Prospect, The Atlantic, and Slate. Wikipedia
Born: May 18, 1981 (age 37 years), United States of America
Education: Harvard University (2003), Grace Church School, The Dalton School
Parents: Rafael Yglesias, Margaret Joskow
Siblings: Nicholas Yglesias
Grandparents: Jose Yglesias, Helen Yglesias
This kid is wet behind the ears……… 🙂
AJ…….thanks for the post………I am just ranting……
NOVO REPORTS FIRST BULK SAMPLE RESULTS FROM COMET WELL
Or more simply:
Novo’s Comet samples return 10.4 g/t, 1.5 g/t Au
There’ a lunar political aspect also.
There are two areas of the moon not much larger than a few tennis courts that are always in the sun. It appears that China will stake out and claim at least the southern area.
This is important because the “lunar day” is 28 earth days long, which is a problem for using solar energy for a permanent base.
Yes I read about that, I couldn’t quite understand though how it could be used, I guess maybe if you have a lunar base nearby. but then a) when’s that ever going to happen and b) is that an area that has any valuable mineral or water ice
MILAN (AP) — Italy advanced swiftly toward a populist government on a second try Thursday, after the leaders of the anti-establishment 5-Star Movement and the right-wing League announced a compromise deal aimed at overcoming the president’s objections.
MILAN (AP) — Italy’s anti-establishment 5-Star Movement and the right-wing League succeeded Thursday in forming western Europe’s first populist government, which will be headed by a political novice whose first try was rejected four days earlier as too risky for the Italian economy.
President Sergio Mattarella’s office announced that the new premier, University of Florence law professor Giuseppe Conte, and his ministers would be sworn in Friday afternoon.
Crypto Millionaire Matthew Mellon Dies Leaving More than $500 Million Lost
By Sergio – May 31, 2018
“Matthew Mellon held almost all of his fortune in Ripple in cold wallets all around the country, with no one else knowing the codes to the wallets. A cold wallet is a vault that is not connected to the internet for safety measures, to avoid hacks or breaches. Without those codes, his fortune is as good as gone.”
“Fiat currencies in bank accounts are owned by identity; yes, there are many security measures for people trying to impersonate others like security pins, passwords, and security questions, but if you forget all that, you can go to the bank office and confirm your identity to seize control of those funds. Cryptocurrencies, on the other hand, are owned by information; who possess the keys effectively possesses the property of the crypto asset. This gives the user more power over its money but also makes the user responsible for the ownership of the information of access, because there is no centralized institution that will come to the rescue if you lose it.”
Trump to Grant Lifeline to Money-Losing Coal Power Plants
By Jennifer A Dlouhy – May 31, 2018
“Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that would represent an unprecedented intervention into U.S. energy markets.”
“The Energy Department would exercise emergency authority under a pair of federal laws to direct the operators to purchase electricity or electric generation capacity from at-risk facilities, according to a memo obtained by Bloomberg News. The agency also is making plans to establish a “Strategic Electric Generation Reserve” with the aim of promoting the national defense and maximizing domestic energy supplies.”
Green Energy & Battery Metals 101 with Katusa Research’s Rob Fuhrman
Cambridge House International – May 24, 2018 #VIDEO
GM’s Self-Driving Fleet Gets $2.25 Billion Capital Infusion From SoftBank Ahead Of 2019 Launch
May 31, 2018 – Joann Muller , Forbes staff
“SoftBank Vision Fund will invest $2.25 billion in GM Cruise Holdings, the automaker’s self-driving car unit, to help commercialize GM’s autonomous vehicle technology in a large-scale fleet starting next year.”
“GM is also investing $1.1 billion in GM Cruise, strengthening its commitment to bringing self-driving cars to market in a big way…”
GM……..is setting up for the war economy……to heck with consumers they are toast.
Govt. no bid contracts, awared, with a generous kick back to politicians is an easier game to play. The world at war, and the rewards to a few 1%ers ruling the sheeple as they go.
GM…equals Govt Money…..Repeat of WW2……..
Sean Hannity, 5-31-18 – The Deep State In A Downfall
BIg Deal………the sheeple do not needs nor can they afford a BENZ