The illegal immigration situation at America’s southern border is nearly unprecedented, a top Homeland Security official said. During a White House call with reporters Thursday evening, acting Department of Homeland Security Secretary Kevin McAleenan said the Border Patrol is apprehending several thousand people every day. “The situation is both a humanitarian and border security crisis that has […]
$TSLA For years in this column we have called Tesla’s valuation out as fake, and finally the T-Bulls have relented and thrown in their towels(NASDAQ:TSLA) There is a “crisis of confidence” in the company, said Yahoo Finance senior columnist Rick Newman on The First Trade. When asked if Tesla’s stock could nosedive to 125 a share from about […]
President Trump Tuesday to take “harsh measures” if congressional Democrats do not take action against immigration loopholes. President Trump Tweeted Tuesday morning: “Democrats in Congress must vote to close the terrible loopholes at the Southern Border. If not, harsh measures will have to be taken!” The White House has requested billions in emergency funds from Congress […]
Venezuelan leader Nicolas Madura is warning the United States to stay out of the crisis in his country, but he does not have much to back up that stance, and a “credible” military threat from the United States would help sway Venezuela’s military away from him. “His hold on the military is tenuous at best,” […]
The National Institutes of Health is pushing for development of what its director, Dr. Francis Collins, calls a “pain-o-meter.” Spurred by the opioid crisis, the goal is not just to signal how much pain someone’s in, it is to determine what kind it is and what drug might be the most effective. “We are not […]
$SPY, $WFC, $CS Wells Fargo (NYSE:WFC) cut estimates for stocks next year on concern the Fed is making policy mistakes that will dampen US economic growth. Chris Harvey, head of equity strategy at the bank, cut his year-end target for the S&P 500 Index to 2,665 from 3,079. While the new forecast represents a 10% […]
President Trump to Mexico, “Deport Migrants, of Will Close the Border” Monday, President Donald Trump threatened to shut the US-Mexico border “permanently,” while calling on Mexico to deport “flag waving migrants” a day after several people tried to illegally cross the border. “Mexico should move the flag waving Migrants, many of whom are stone cold […]
Tijuana, Mexico is in a “Humanitarian Crisis” The Mayor of Tijuana has declared a humanitarian crisis in his border city and said Friday that he has asked the United Nations for aid to deal with the approximately 5,000 Central American invading migrants who have arrived in his city. Mayor Juan Manuel Gastelum said that the […]
California Wildfires Rage, 31 Known Dead, Over 200 Still Missing and Unaccounted For Relatives desperately searched shelters for missing loved ones Sunday, as crews searching the smoking ruins of Paradise and outlying areas found 6 more bodies, raising the death toll to 31, matching the deadliest wildfire in California history. Wildfires continued to rage on […]
US Southern Border in Crisis President Trump to the migrant invaders: “Go Back to Your Country’ and Apply for Citizenship The southwest border of the US is in “crisis,” with authorities stopping 151,700 illegal entrants a day, Secretary of Homeland Security Kirstjen Nielsen said in a TV interview Sunday. In the interview Secretary Nielsen called the massive […]
Justice Kavanaugh’s Confirmation Process Damaged the Senate Democrats Senator Joni Ernst (R-Iowa), says the US Senate has been damaged by the partisan process confirming Supreme Court Justice Brett Kavanaugh. Senator Ernst made her comments on a podcast with CBS News’ Major Garrett Thursday. She voted to confirm Justice Kavanaugh. but when she was asked if […]
Combating the Ongoing Crisis of Opioid Addiction Requires Innovative Approaches OxyContin maker Purdue Pharma announced last week that it’s making a $3.4-M grant to Harm Reduction Therapeutics, a Pittsburgh-based nonprofit, to help develop a low-cost naloxone nasal spray. The announcement comes as lawsuits from local governments blaming Purdue, based in Stamford, Connecticut, and other companies […]
This Bull Market Was Born in the Depths of Financial Crisis $SPY This Wall Street Bull market was born at the depths of a financial crisis, and it has just became the longest ever recorded. Low valuations, little competition and EP/S growth that looked spectacular, but inline with historical trends, these were the forces that […]
Turk’s in for Very Hard Times Under US Sanctions $USDTRY: -1.93% to 5.837 at the close Thursday in New York Lira slides from session high after US Treasury Secretary Steven Mnuchin said Turkish officials will face new sanctions if the country does not release Pastor Andrew Brunson in short order Turks are reacting with defiance […]
Red Tide Crisis in Florida, State of Emergency Declared Red tide kills thousands of animals off Florida coast Florida Gov. Rick Scott declared a state of emergency for several counties suffering from the impacts of a prolonged red tide. According to the governor’s declaration, red tide is a naturally occurring algae that appears almost every year on Florida’s […]
US Bank Shares Off on Fears of Turkey’s Lira Dive $GS, $BAC, $BK Monday, US bank shares fell for a 3rd straight session running as investor appetite for risk weakened on worries that a currency crisis in Turkey would spread to other countries. The Turkish Lira has collapsed on concerns about President Tayyip Erdogan’s increasing […]
In Times of Crisis – JPY Thrives Incredible but true, it is with almost 100 percent certainty that any new crisis or sudden bad news in global markets will force a sharp yen appreciation. This was true for the Brexit shock, the recent trade war fears, North Korean missile tests, Japanese earthquakes — you cannot […]
Week 13: NFL Attendance Crisis Continues Empty Seats Greatly Outnumber Spectators last week Week 13 does not appear to be the National Football League’s (NFL) lucky number as photos of stadiums across the league still show an awful lot of empty seats. Meanwhile, the sad in-person attendance mirrors the continually plummeting TV ratings. With last […]
Is The Middle-East Is On The Verge Of A New War? Saudi Arabia is going through a major internal political crisis the likes of which has rarely been seen. According to initial reports, 2 Saudi Princes died back to back in 24 hours: 1 in an “accidental” helicopter crash, the other during a firefight that broke […]
Week 40: President Donald J. Trump in the Oval Office TODAY IN AMERICA Last weel marked Ronald Reagan’s Tax Reform Act of 1986 and the start of one of the longest economic booms in American history. Unfortunately, since that time our government officials have let us down and we have reverted to becoming one of […]
Chemicals in Breakfast Cereals Cause Obesity Many studies suggests that chemicals added to breakfast cereals and other common processed food products are adding to America’s obesity crisis, but showing exactly how the process happens has been difficult. Now scientists at Cedars-Sinai Hospital in Los Angeles have solved the problem. The researchers tested 3 chemicals that […]
Food Crisis Hits Chipotle Mexican Grill (NYSE:CMG) Shares Dive $CMG Chipotle Mexican Grill Inc. (NYSE:CMG) suffered its worst stock decline in 7 months after a suspected norovirus outbreak at 1 of its restaurants threatens reignite the company’s food-safety crisis. The chain closed a location in Sterling, Virginia, Monday after a “small number” of illnesses were […]
Medical Grade Marijuana, The Solution to America’s Opioid Addiction? $ENDP Last Thursday, the FDA took an unprecedented step in an attempt to curb America’s opioid abuse crisis, but that does not yet mean that medical grade marijuana will be more seriously considered as an alternative to the highly addictive and deadly heroin like Rx drugs. […]
GCC Rift Could Escalate into a ‘Military Standoff’ – Sultan Al Qassemi Saudi Arabia, the UAE and Bahrain have completely cut ties with Qatar UAE closes its airspace to planes from Doha, blocks Qatari websites The website of Qatar Airways has now been blocked in the UAE The rift between the GCC states has intensified […]
Rep. Chaffetz Quits Congress, Trump Investigation To Fade Thursday, Rep. Jason Chaffetz (R-UT), 50 anni, announced he will resign from Congress next month, saying a “mid-life crisis” had compelled him to step away from his Chairmanship of the House Oversight Committee just as it is poised to investigate President Donald Trump’s sacking of James Comey […]
Gold Is Crisis Insurance $GLD Gold is known as an inflation hedge, but its role as a crisis hedge is even more important. Gold is anti-fragile, to use the term coined by risk analyst and bestselling author Nassim Taleb. When currencies collapse and economies falter, Gold can ensure your survival, financially and literally. Below are […]
Expert: “US Banking Sector Safe Enough for Deregulation” $MS, $DIA, $SPY, $QQQ, $VXX The United States banking industry is in a total safe state and it is ready for some deregulation to sustain development, former Chairman/CEO of Morgan Stanley John J. Mack says. Time to cut the “Red Tape” The regulatory oversight now is dramatic […]
Investors Tune Out “Noise” Focus on Economic Growth $DIA, $SPY, $QQQ, $VXX So far during The Trump Era, the global markets are showing a low level of volatility, that despite the chaos and uncertainty that analysts warned his Presidential win would bring. Notably, the global economy’s growth is at its most steady and predictable for […]
Greece’s Debt Crises Looms Large Again Recall, that before the Italian banking crisis and referendum, before Brexit, there was Greece’s debt crisis, the 1st crack in the EU socialist armor, it has not been fixed. If you wish to know why anti-EU sentiment and nationalism have developed in many of these countries you do not […]
Italy’s President Solves the Government Crisis Saturday, Italian President Sergio Mattarella says he would make a decision “in the coming hours” to solve ongoing government crisis, and give the country a new full-functioning cabinet. FLASH UpDate: Italy’s latest government was formed and rapidly sworn in Monday, a center-left coalition headed by new Premier Paolo Gentiloni […]
The EU on the Verge of Breaking Up UK, France, Hungary are no-shows as EU foreign ministers gather to consider ramifications of US election EU foreign ministers insisted Sunday they expected good relations with Donald Trump, after a crisis meeting that Britain, France and Hungary snubbed in a move that exposed rifts over the US […]
US Stocks on Losing Streak Ahead of Presidential Election $DIA, $SPY, $QQQ, $VXX US stocks fell for an 8th day running Thursday The US stock market is now on its longest losing streak since the depths of the Y 2008 financial crisis. The DJIA dropped 28.97 pts, or 0.2%, to 17,930.67. The Standard & Poor’s […]
The Black Swan Matters $DB, $GLD, $SLV Almost 10 years in the making the fate of one of Europe’s most important financial institutions may be sealed. After a sequence of scandals, poor decisions, and unfortunate events, Frankfurt-based Deutsche Bank (NYSE:DB) shares are now down -48% on the year to 12.60, which is a record-setting low. […]
Mosquito Spraying for Zika Virus Is Exterminating Bees Bees are now facing another chemical threat in the form of pesticides being sprayed to kill mosquitoes in the name of Zika-virus prevention. In Summerville, South Carolina, millions of bees were killed when a small area of the town was aerially sprayed for mosquitoes. The pesticide sprayed […]
US Beekeepers Fearful, Anti-Zika Toxin Killing Bees Beekeepers around the South Eastern US fear a new threat to their livelihoodm it is a fine mist beaded with neurotoxin, sprayed from the sky by government officials at war with Mosquitos that carry the Zika virus South Carolina beekeepers found millions of dead honey bees carpeting their […]
US Fed’s Ability to Respond to Recession is NIL $DIA, $SPY, $QQQ, $VXX US Fed officials fear that they lack the policy tools to combat future cyclical shocks to the US economy, an issue expected to be debated at the annual Jackson Hole Wyoming Summit later this week. The historically low Federal funds rate, Zero+, […]
The Rising Wave of Anti-Globalization Worries IMF Thursday. International Monetary Fund (IMF) chief Christine Lagarde called for global cooperation to improve living conditions in low-income countries, against the backdrop of rising anti-globalization sentiment. “The greatest challenge we face today is the risk of the world turning its back on global cooperation — the cooperation which […]
The Evolution of the European Union The History of the EU from its post WWII beginnings to the present day With the United Kingdom (UK) voting to leave the European Union (EU) in the referendum held on 23 June, here is a look back at the evolution of the 28 nation single currency (Euro) bloc. […]
China Debt Burden Crisis Unlikely Amid warnings that China may face a financial crisis induced by its debt burden, an economic expert said this week that a number of factors make this scenario unlikely. “Economists have often used such adjectives as ‘neck breaking’ and ‘breath-taking’ to describe the very fast economic growth of China in […]
China’s Banks Not Vulnerable to Financial Crisis China’s banks are in pretty good shape and not vulnerable to a potential financial crisis despite a rapid rise of corporate debt in the country, a US expert said Wednesday. “While lending more to corporates unable to pay interest and principal on previous loans means financial risks are […]
Regulators Cannot Protect The World From Financial Crisis “Much of it is very bad. Much of it gives so much power to the regulators that the bankers are unable to function,” Donald Trump said Dodd-Frank regulations. Yale University Economics Professor and Nobel Laureate Robert Shiller says that no amount of regulation can really protect the […]
A Destabilized Europe Will Wreak Havoc On World Markets $DIA, $SPY, $QQQ, $VXX Central banks continue to give financial markets mixed signals. New York Fed President William Dudley said it remains a reasonable expectation that the Fed will raise its benchmark interest rate 2X this year. Mr. Dudley did not worry much about Friday’s employment […]