With the home sales and Markit PMI weakness, we now have 14 economic indicators for August miss expectations, 5 beat and 3 in-line. Here we have nearly 3 misses for every beat, and yet the bullish chatter on the economy shows no signs of abating. Welcome to the Flat Earth Society
— David Rosenberg (@EconguyRosie) August 23, 2018
Subprime Begins To Haunt Credit Card Balances | Zero Hedge https://t.co/jMB7tcR92c
— Abner Doon (@Aenbrnood) August 24, 2018
Extortion is a fundamental part of Verizon’s business model. https://t.co/Dlau2k4Lus
— Abner Doon (@Aenbrnood) August 25, 2018
Chinese banking sector warned it faces day of reckoning https://t.co/bS92cYOSvI via @SCMPNews
— Abner Doon (@Aenbrnood) August 25, 2018
The Republicans and Democrats would just as soon leave this entire culture of graft and corruption undisturbed by the prosecutorial apparatus of the state.https://t.co/fErMPZaI5r
— Abner Doon (@Aenbrnood) August 25, 2018
"Buy here… sell here": This chart says commodities have never been this cheap vs. stocks https://t.co/OrF5yke4pn pic.twitter.com/0MwlN0l2QO
— MarketWatch (@MarketWatch) August 25, 2018
"The system collapses if we trim borrowing, and it collapses if we keep borrowing more every year."
— Dave Collum (@DavidBCollum) August 25, 2018
--@chsm1th
h/t @zerohedge
Wells Fargo, Wachovia And The Fed https://t.co/GwQcZdp1JG
— Abner Doon (@Aenbrnood) August 25, 2018
— CO4Truth (@RockyMt2) August 24, 2018
"Sea, Air turned slightly negative in July for the first time in 2 years. Over the last week or so an @SenWarren post has been first up when I get on Twitter about 70% of the time. Anyone else? pic.twitter.com/eoLawHepTa
— Abner Doon (@Aenbrnood) August 26, 2018
#BUFFET INDICATOR VARIANT#WILSHIRE5000 TO #GDP
— OW (@OccupyWisdom) August 25, 2018
📈 In the last five decades only three times was the 100% level breached - 2000 #techbubble & 2008 #financialcrisis & today
📈 Only twice was the 120% level breached
📈 the current market recently surpassed the previous 136% top pic.twitter.com/EbjClFZDZD
Today is as good a day as any to learn about the Keating Five and how those days of corruption leading up to the Savings and Loan crisis still look a whole lot like our dodgy financial system today in which impunity reigns but w/o having to order it https://t.co/YNyl9wwwUA
— Stacy Herbert (@stacyherbert) August 26, 2018
“dark money” comes from central banks. ..central banks “print” money or electronically fabricate money by buying bonds or stocks. They use other tools like adjusting interest rate policy and currency agreements with other central banks to pump liquidity into the financial system.
— Abner Doon (@Aenbrnood) August 26, 2018
"To invest profitably in financial markets, you need to understand the hidden power relationships that drive financial and political events. Ideologies and personal associations among elites are oblivious to political party lines and international boundaries. pic.twitter.com/fNAkJdQgOk
— Abner Doon (@Aenbrnood) August 26, 2018
Took 17 minutes to be called the c-word for pointing out that John McCain’s legacy includes empowering Sarah Palin.
— Laura McGann (@lkmcgann) August 26, 2018
John McCain, who voted in favor of abstinence education, positioned himself against federal funding for birth control, said he hoped one day Roe v. Wade would be “overturned” and favored mandatory minimums for drug offenders, has died at age 81. https://t.co/KRBVFSRqAu
— Matthew Keys (@MatthewKeysLive) August 26, 2018
John McCain is dead. My deepest sympathies go out to his victims & their families.
— Nostradummarse (@nostradummarse) August 26, 2018
"If it wasn’t for Paul Manafort and Michael Cohen's attachment to the most unlikely president in modern history, there’s every reason to think they might be still working their frauds today.
— Abner Doon (@Aenbrnood) August 26, 2018
Why Manafort and Cohen thought they’d get away with it https://t.co/gkvRiR9EZs
— Abner Doon (@Aenbrnood) August 26, 2018
"Any person in any bar in America can tell you who was held accountable for the biggest financial crisis since the Great Depression, which peaked 10 years ago next month: No one. No top officer from any major bank went to prison.
— Abner Doon (@Aenbrnood) August 26, 2018
"the Department of Justice reaches settlements with corporations, which pay in dollars instead of the liberty of their top officers and directors.
— Abner Doon (@Aenbrnood) August 26, 2018
"In the early 2000s, the DOJ set up the Enron Task Force, that prosecuted top executives. After the financial crisis, the DOJ never created a similar task force. No single department official was responsible for the prosecutions of bankers after the global meltdown.
— Abner Doon (@Aenbrnood) August 26, 2018
"The IRS, conducted audits on just 0.6 percent of tax returns last year, the lowest level in 15 years. For incomes above $1 million, the IRS audited just 4.4 percent of returns, down from 12.5 percent in 2011.
— Abner Doon (@Aenbrnood) August 26, 2018
The illusion of choice.
— The Myth of Capitalism (@myth_capitalism) August 26, 2018
Two companies control 90% of the US beer market. pic.twitter.com/pjNcArKddl
Lockheed Martin on John McCain; He made them a lot of money https://t.co/dd9zc2jKgf
— Abner Doon (@Aenbrnood) August 26, 2018
"52% of Americans under 18 -i.e. children, some 40 million of them- live in households that depend on some form of welfare. And Americans want to chide European nations for being ‘socialist’.
— Abner Doon (@Aenbrnood) August 26, 2018
"On the false pretense that Saddam Hussein posed an imminent threat against the United States via the “weapons of mass destruction” (WMDs) that he never possessed, McCain urged as loudly and tirelessly as anyone for war.
— Abner Doon (@Aenbrnood) August 26, 2018
"Between 2003 and 2014, nearly 5,000 American service members lost their lives in this war that McCain and his ilk cooked on the basis of a lie.
— Abner Doon (@Aenbrnood) August 26, 2018
"in exchange for the billions McCain has confiscated for well over three decades, hundreds of thousands of human beings, both foreign and American alike, are now dead, and all while McCain has pretended to be a “conservative.”
— Abner Doon (@Aenbrnood) August 26, 2018
"If 'Dirty Dossier' author Christopher Steele deserves protection under the 1st Amendment but WikiLeaks’ Julian Assange doesn’t, then the concept of a free press is merely a distant memory.
— Abner Doon (@Aenbrnood) August 26, 2018
— Abner Doon (@Aenbrnood) August 27, 2018
When big money leaves a country's financial markets, interest rates go up as the value of bonds falls as investors sell. How long will it take the central banks to step in to pacify....? pic.twitter.com/HojMnwYEn8
— Abner Doon (@Aenbrnood) August 27, 2018
