"Nonseasonally adjusted passenger car sales in the U.S. for 2019 declined 10.9% to 4.7 million units, versus 5.3 million units in 2018, according to an S&P Global Market Intelligence analysis."
"...bond markets also soared on the back of record European sovereign order and a blowout Italian bond sale..." (Sic.)
Dallas Fed President, Robert Kaplan: "...growth in the balance sheet is not free. There is a cost to it."
"This weird ratio compares net income to a percentage of market cap held in the top 1% of companies in the S&P 500."
"Behind the U.S. is China, the only other country with a double-digit share of global wealth, equal to 17.7% of wealth or $63.8 trillion. As the country continues to build out its middle class, one estimate sees Chinese private wealth increasing by 119.5% over the next decade."
"More and more evidence suggests the U.S. economy is in fact roaring, not contracting."
"Dmitri Medvedev was replaced by somebody that no one (other than Russian tax specialists) had ever heard of: Mikhail Vladimirovich Mishustin."
"Cartels operate by using the law and the policing power of the state (i) to cause the public to pay more than they should for services, or (ii) to force the public to take services they do not need, do not want, or cannot afford."
"...in the entire history of the United States stock prices have never been more overvalued than they are at this moment."
"The Iranians proved themselves incompetent clowns – successfully managing to miss American troops with multiple missiles, while tragically taking out an airliner instead. Revolution on the streets again."
In the average recession, gross domestic product (GDP) is not the only thing shrinking—incomes, employment, industrial production, and retail sales tend to shrink as well.
"Anyone who bases their investment decisions on economic data last year have lost fortunes."
The globalists need a scapegoat, and it's clear that conservatives and nationalists will be their target.
"The Fed will need to coordinate successfully with other major central banks, even as their objectives and priorities increasingly come into conflict."
While a decade is just an arbitrary measure of time, people often attribute certain emotional and cultural characteristics to it, such as the "roaring 20s" of the 20th century. The 20s of the 21st century are promising to mark a defining period in world history, particularly for the West.
At the same time, the cost of living for average American families has been skyrocketing but our paychecks have not.
Currently, it seems the only thing preventing the US economy from falling into recession, possibly dragging the rest of the world down with it, is the overspent American consumer, who is in debt to the tune of over $13 trillion.
The inevitable consequence of this is a massive implosion of the fake wealth bubble and also the debt bubble made of fake money. This will lead to tremendous wealth destruction, hardship and suffering for people around the world.
Teacher’s Pet continues to grapple with irate, brick-lobbing farm-workers across France and can ill afford a big market for French cheeses, wines etc suddenly closing down over the Channel. The “yellow-jacket” protesters are determined and angry, on occasion burning EU flags.
The Fed is easing ... "at a time when unemployment is below 4%, the U.S. economy is growing over 2%, and the stock market is at all-time highs."
It is unclear how rural counties will fare as their denizens continue to dwindle. What is clear is that the few that rely on natural resources for success will continue to experience the ups and downs of volatile commodity markets.
One of most impressive gains came from second-ranked China, which is rapidly closing the gap separating them from the United States. China’s brand value surged over 40% to $19.4 trillion — more than the cumulative brand value of the next five countries.
"Current global debt levels are simply not sustainable. Debt actually is sustainable if the debt is used for projects with positive returns and if the economy supporting the debt is growing faster than the debt itself. But neither of those conditions applies today."
"North Korea has indicated they have no intention of continuing, and the initial deal itself is being exposed as the fraudulent nothing-burger it always was. Like the China trade deal, the North Korean talks are designed to fail. China will not quadruple its agricultural purchases from the US for any meaningful length of time, and North Korea will never voluntarily denuke."