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Stock Market Warning Siren Is Blaring

Are we blinded yet by the brilliance of corporate earnings? “Adjusted” earnings growth is 10.2% year-over-year in the second quarter, according to FactSet, based on the 91% of the companies in the S&P 500 that have reported results. The energy sector was a key driver,

Products Flying Off Shelves at Army Surplus Stores In Japan

As the rhetoric ramps up over North Korea and nuclear weapons, the cash registers have been ringing at a local Army Supply store, where some are apparently prepping for a third World War. Ben Orr, the manager of Joe’s Army Navy in Royal Oak, says

Guam Issues Survival Pamphlet to Residents After Threat of Nuclear Strike

Public safety officials in Guam have distributed a two-page pamphlet advising island residents how to prepare and react should North Korea follow through on threats to launch a nuclear strike against the U.S. territory. The document includes several ominous warnings, the first being: “Do not

China Says It Will Stop U.S. If They Strike North Korea First

If North Korea launches an attack that threatens the United States then China should stay neutral, but if the United States attacks first and tries to overthrow North Korea’s government China will stop them, a Chinese state-run newspaper said on Friday. President Donald Trump ratcheted

It Could Happen

The new Economist cover. Designed before today’s Trump comments. The little bird on the obliterated tree branch is the twitter icon. Learn More: https://twitter.com/Jim_Gardner/statu…

Mattis Warns North Korea to ‘Stand Down’ or Face Destruction

BREAKING: U.S. Defense Secretary Jim Mattis warns North Korea to “stand down” in its pursuit of nuclear weapons. Mattis says U.S. and allied militaries possess greatest capabilities on Earth, warns North Korea its actions will be “grossly overmatched”. Mattis warns North Korea against “actions that

US Consumer Credit Card Debt Balloons to All-Time High

American consumers have accumulated $1.02 trillion of debt on their credit cards as of June, according to the US Federal Reserve. This is more than the record set just before the 2008 financial crisis. US household debt balances were $12.73 trillion in March 2017, compared

US Intelligence Says North Korea Is Making Missile-Ready ‘Mini Nukes’

North Korea has successfully produced a miniaturized nuclear warhead that can fit inside its missiles, crossing a key threshold on the path to becoming a full-fledged nuclear power, U.S. intelligence officials have concluded in a confidential assessment. Learn More: https://www.washingtonpost.com/world/…

The Markets Have Never Done This Before- Watch the Signs

A fascinating statistic about the current no-vol state of the market, courtesy of Deutsche’s Jim Reid, who points out that the last time we had 13 consecutive days in which the S&P moved less than 0.3% in either direction was… never: Learn More: http://www.zerohedge.com/news/2017-08…

Chaos Continues: Venezuela Claims It “Crushed” A Military Rebellion

One day after Maduro’s new “constituent assembly” expelled chief prosecutor Luisa Ortega Diaz – the highest-ranking member of President Maduro’s administration to break ranks with the authoritarian – from her post and ordered her to stand trial, confirming fears that it would use its unchecked

McMaster Warns U.S. Is Preparing “Preventive War” On Kim’s Regime

The United States is preparing for all options to counter the growing threat from North Korea, including launching a “preventive war,” national security adviser H.R. McMaster said in an interview that aired Saturday on MSNBC. The comments come after North Korea carried out two tests

Trump Threatens China With New Trade War

Amid expectations of the US launching investigations into China’s alleged theft of American intellectual property as well as unfair trade practices, Beijing appears unmoved by the imminent probe while US businesses fear reprisals in case the row unintentionally escalates. Washington is expected to soon announce