Month: June 2018

zerohedge June 29, 2018

Authored by Lance Roberts via RealInvestmentAdvice.com, I have spilled a lot of digital ink over the last few years on the trajectory of debt, spending and the impact of fiscal irresponsibility. Most of it has fallen on “deaf ears” particularly in the rush to pass “tax reform” without underlying fiscal restraints. To wit: “The recently approved budget was an anathema […]

zerohedge June 29, 2018

President Trump was prank called yesterday at 30,000 feet on Air Force One after “Stuttering John” Melendez pretended to be New Jersey Democratic Senator Bob Menendez. Trump starts off the conversation by congratulating “Menendez” on his primary win against Lisa McCormick, telling him he “went through a very tough situation.”  The two then discussed immigration – […]

zerohedge June 29, 2018

Perhaps because US telecom giant Comast has decided to dedicate most of its budget to acquiring Fox instead of actually spending it on maintaining its sprawling infrastructure and CapEx, moments ago the second-largest multichannel video service provider in the US by total subscribers (with over 22.5 million) announced it was experiencing a “nationwide service interruption.” […]

zerohedge June 29, 2018

While America, and more recently Canada, have both had their ups and downs with housing bubbles, nothing in the world compares to what is going on in Hong Kong, that mecca of overpriced real estate: overnight the Rating and Valuation Department announced that Hong Kong’s private home prices rose 1.7% in May, 15% higher from […]

zerohedge June 29, 2018

Just two days after Donald Trump Jr slammed “the experts” and crowed of expectations for a 4.5% Q2 GDP print, The Atlanta Fed took an ax to its forecast this morning following disappointing spending data… The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 3.8 […]

zerohedge June 29, 2018

Submitted by Bill Blain of Mint Advisors “Some is rich, and some is poor, that’s the way the world is, but I don’t believe in lying back, saying how bad your luck is…” End of the second quarter.. and how you doing? Half way through 2018 and where have we got? The numbers: as US […]

zerohedge June 29, 2018

On the last day of a volatile, tumultuous quarter European stocks rebounded sharply following a broad-based rally in Asia on hopes for an upbeat end to the week and quarter, with risk on sentiment further unleashed by an early morning (“vaguely worded”) European deal on migration which sent the Euro and 10Y Italian bonds surging. […]