Monday , 20 May 2019

Monthly Archives: February 2019

House To Call Trump Organization CFO Weisselberg To Testify

The House Oversight Committee will seek testimony from several Trump Organization officials who Michael Cohen indicated were involved in hugh-money payments to adult film actress Stephanie Clifford.  Among those expected to be called will be Trump Organization CFO Allen Weisselberg, who Cohen on Wednesday said was involved in the payments, reports the Wall Street Journal.  Mr. Cohen showed lawmakers an Aug. 1, ... Read More »

Average New Car Payment Hits Record High $545 Per Month

Two weeks ago, the NY Fed made waves in the finance community when it reported that a record 7 million Americans are delinquent on their auto loans. Of course, to regular readers, none of this was new as we covered that exact same topic back in May 2018 when we reported that “Subprime Auto Loan Default Rates Are Now Higher ... Read More »

Burning Aid: An Interventionist Deception on Colombia-Venezuela Bridge?

Authored by Max Blumenthal via, Sen. Marco Rubio and coup leaders claim the Venezuelan National Guard burned US aid trucks on the bridge in Colombia. But all available evidence points in the opposite direction… The Trump administration’s coup against Venezuela culminated on February 23 with US-backed opposition attempting to ram several trucks loaded with boxes of USAID “humanitarian aid” across the previously unused ... Read More »

Tesla Tumbles After Announcing New Lower Priced Model 3s

“The Wait is Over” now and Elon Musk’s big mystery announcement is  a cheap Model 3 with a shorter range, almost three years after he started taking orders for the sedan. In hopes of boosting demand, Tesla will offer a $35,000 version of its Model 3 sedan with a delivery time of two to four weeks, nearly two years after ... Read More »

The $35,000 Tesla Model 3 has arrived — but it comes with a price

The long-awaited $35,000 Tesla Model 3 has finally arrived, three years after CEO Elon Musk promised to bring the electric vehicle to market at that price point. But that cheaper Model 3 comes with a dramatic shift for Tesla. Tesla said that to achieve this lower price it will shift all sales globally to online only, meaning the company will ... Read More »

Skyrim mod drama gets ugly with allegations of stolen code and misappropriated donations

The people who volunteer their time modifying and updating old games are among the most generous of developers. So when drama erupts there’s not just irritation and testy emails but a sense of a community being betrayed or taken advantage of. A recent conflict over work on the perennially renewed classic Skyrim may seem small, but for those involved, it’s ... Read More »

Opposition Leader Calls On Justin Trudeau To Resign

Prime Minister Justin Trudeau’s standing within his own government has never been more tenuous. On Wednesday, former justice minister Jody Wilson-Raybould, an MP who was once the country’s top prosecutor before resigning from Trudeau’s cabinet, testified to a Parliamentary committee about the “political pressure” and “veiled threats” she endured as Trudeau and members of his office pushed her to offer ... Read More »

The Approaching Winter: The Super-Cycle Has Turned

Authored by Charles Hugh Smith via The Daily Reckoning, How would you describe the social mood of the nation and world? Would anti-Establishment, anti-status quo, and anti-globalization be a good start? How about choking on fast-rising debt? Would stagnant growth, stagnant wages be a fair description? Or how about rising wealth/income inequality? Wouldn’t rising disunity and political polarization be accurate? These are all characteristics of the long-wave social-economic ... Read More »

Best Year For Stocks Since 1987 Continues As Feb Economic Data Crashes Most In 2 Years

The S&P 500 continues its strongest start to a year since 1987… Despite the worst monthly drop in US Macro data in two years… This is also China’s best start to a year since 2000… As China macro data collapses… And European stocks soared despite crashing economic data… The reason is simple… who cares about fundamentals when global money supply ... Read More »

All the phones you can use on AT&T 5G

While all carriers have been excited about 5G networks, AT&T went a bit overboard by rebranding its advanced 4G tech (delivering ‘5G-equivalent speeds’ via millimeter wave) as the misleading “5GE” (for 5G Evolution), which led Sprint to sue AT&T. In any case, the latter carrier does have plans to implement true sub-6 GHz 5G across its network this year – so ... Read More »