Lawyer for Epstein’s ‘Madam’ Says Hundreds of Names Contained In Upcoming Records Dump
Gold could soar above $1,600 per ounce — its highest level since 2013 — next year if the Federal Reserve continues to lower interest rates, according to BNP Paribas. It would be the third key psychological level the metal has breached in a year: it edged over $1,400 in July and $1,500 in August.
“Gold nudged up on the latest tit-for-tat US-China trade measures and is looking to move higher with more Fed rate cuts,” Harry Tchilinguirian, an economist at BNP Paribas, wrote in a note Wednesday. Also: (Dahboo77) – US Military Surrounding Venezuela With New Deployment In Guyana
Also: (Dahboo77) – Recession Indicator With Perfect Track Record Says That Another One Is Coming
You can believe that we will somehow beat the odds this time if you want, but history is completely against you. One of the biggest reasons why there is so much anxiety on Wall Street right now is because of how the yield curve is behaving. We have seen yield curve inversions before each of the last seven U.S. recessions, and now it has happened again. Perhaps this helps to explain why insiders are dumping stocks right now as if there will be no tomorrow. If you were looking for a giant waving red flag to tell you that it is time to run for the exits, it doesn’t get much better than this. This week, we watched the yield curve do something that it hasn’t done in 12 years… Also: (Dahboo77) – Martial Law Considered In Hong Kong to Crush Pro Democracy Protests
According to a report in the South China Morning Post, Chief Executive Carrie Lam Cheng Yuet-ngor is not ruling out invoking the Emergency Regulations Ordinance for the first time in half a century. Also: (Dahboo77) – Video From Camera Outside Epstein Jail Cell Is Unusable
At least one camera stationed in the hallway outside billionaire financier and convicted sex offender Jeffrey Epstein’s prison cell, where officials say he hanged himself earlier this month, had footage that was deemed unusable, The Washington Post reports. While one hallway camera had unusable footage, another nearby camera caught clearer video, the Post noted, adding that it is unknown why certain footage was useable while some was not, as well as the extent of the glitch. Also: (Dahboo77) – These People Are Most Likely to Lose Their Jobs First In A Recession
No one can predict how severe an economic downturn might be – and which workers are most at risk of a job cut. But it’s useful to put historical data in context. While having at least a bachelor’s degree does reduce the likelihood of getting laid off, all college graduates are not treated the same by employers.
Young college graduates will likely be the first to receive pink slips in the next recession. That has been the case during the Great Recession, which lasted from December 2007 to June 2009, and during the 2001 recession which Americans endured for eight months.
Brookings Institution economist Harry Holzer says newer college graduates are among the first to be targeted by employers in a recession, because they are the most marginal people in the workforce, having just entered it. “Young people get hit the hardest during a recession and that will include young college grads. It will take them longer to find any job, and it will take longer for them to find the jobs they really like in terms of beginning a career,” he says.
Youth is a factor that tends to work against workers in a recession. People who have recently entered the labor market “are most vulnerable to economic shock, by comparison, to people who are more established in their careers,” says Hamilton Project policy director Ryan Nunn. They “may have a more durable relationship with a particular employer and maybe can ride out the recession a little more easily.” Also: (Dahboo77) – UNDERGROUND WORLD NEWS LIVE
Also: (Dahboo77) – Dollar Tumbles, Yuan Crashes And Powell Warns of “Significant Risks”
While Trump’s latest Powell lashing on twitter was most notable for the dramatic criticism of the Fed chair, after Trump said “My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?”, what was far more interesting in the Trump tweet and what got far less attention, was Trump’s disclosure that the Fed is speaking “without knowing or asking what I am doing, which will be announced shortly.”