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Money Watch

CNBC | Chinese technology giant Huawei has enough inventory to sustain its smartphone and 5G networking equipment businesses for most of the rest of the year, according to brokerage and investment firm CLSA.

Michael Snyder | Slowly but surely, Wall Street is starting to understand that the good times are over. 

Free Beacon | Americans for Tax Reform says group will work to protect investors from political advocacy of activists.

The Mises Institute | Most of the attention on Bernie Sanders’ proposed “Medicare for All” plan has focused on the financial costs of its implementation.

Mac Slavo | A new report has just declared that the cost to each American family for the trade war’s tariffs will be about $2000.

Daily Sheeple | China produces and consumes two-thirds of the world’s pork, but output is plunging as Beijing destroys herds and blocks shipments to stop African swine fever.

Breitbart | Democratic frontrunner Joe Biden has withdrawn his support for the Hyde amendment.

Oilprice.com | As tensions between Iran and the US continue to escalate, analysts have begun to consider the likelihood and consequences of an Iran war.

Sputnik | French Finance Minister Bruno Le Maire has said in a statement that the euro “is under threat as never before” due to the risk of an economic crisis linked to trade wars and European politicians who want the use of the single currency to end.

Michael Snyder | If the U.S. economy is “booming” and very bright days are ahead, then why are many large U.S. corporations laying off thousands of workers? 

Zero Hedge | Needless to say, should China lock out the US, the price of rare earths could soar orders of magnitude higher.

CNBC | Google’s move to stop licensing its Android mobile operating system to Huawei could deal a huge blow to the Chinese tech giant’s ambitions to become the top player in smartphones globally.

Weasel Zippers | Sharing his son’s crack pipe?

Information Liberation | Total immigration numbers to the US are near or above record highs and yet millions of jobs are on the brink of being replaced by robots.

Michael Snyder | Global economic activity has already been slowing down dramatically, and the U.S. trade war with China is just going to make things worse. 

Zero Hedge | The UK and the US have already prosecuted FX traders involved.

Mac Slavo | The central banks of the world have been buying up gold at the fastest rate in 6 years. This is flashing warning signs for the future of the United States dollar.

Michael Snyder | 2019 is turning out to be a nightmare that never ends for the agriculture industry. 

Zero Hedge | “People just have to wake up and look at the trade data.’’

Michael Snyder | And as we move toward a presidential election year, the Chinese will increasingly be the ones with the strategic leverage.

Zero Hedge | “There’s little point trying to persuade Trump otherwise, because his belief in tariffs is “like theology.”

CNBC | Bitcoin rose above the $8,000 mark on Tuesday, extending a rally that has seen the digital currency more than double in value since the start of the year.

Michael Snyder | Wall Street responded to our escalating trade war with China by throwing a bit of a temper tantrum. 

Tom Luongo | There’s something about the timing of this Bitcoin rally that should have your attention.

Information Liberation | Tucker Carlson came out in support of Alexandria Ocasio-Cortez and Bernie Sanders’ bill to outlaw usurious high interest loans on his show Friday night.

Michael Snyder | Unless someone backs down in a major way, this trade war is going to last for a very long time, and the Chinese have made it exceedingly clear that they are never going to back down on the core issues. 

Zero Hedge | Trump did not rule out reversing the heavy tariffs if there is progress in future trade talks.

Michael Snyder | It has been quite a year.  In March, catastrophic flooding in the Midwest absolutely crippled thousands of farms and “as many as a million calves” were lost in Nebraska alone. 

Daisy Luther | New York state is still busily chipping away at gun rights and now they’ve introduced Obamacare for guns.

Michael Snyder | It sure looks like nothing can stop the trade war now, and that could potentially be absolutely disastrous for the global economy. 

Zero Hedge | The “serious” online attack included hackers breaking into about 100 seller accounts and moving cash from loans or sales into their own bank accounts.

Economic Collapse | If negotiations between the Trump administration and the Chinese government do not produce a trade deal by Friday, it is going to be absolutely catastrophic for Wall Street.

Zero Hedge | The Trump Administration is looking into altering how it determines the national poverty level.

Michael Snyder | If your head is spinning from the wild fluctuations that have shaken global financial markets, you are definitely not alone. 

Daily Caller | The Federal Trade Commission is haggling over whether to hold Facebook CEO Mark Zuckerberg personally responsible for mishandling privacy data.

Daily Caller | Democratic Sens. Amy Klobuchar and Cory Booker both argued during Sunday interviews that former President Barack Obama deserves the credit for a good economy under President Donald Trump.

Charles Hugh Smith | Ironically, their ample compensation allows them to avoid the poor-quality services they’ve designed for everyone below them.

Zero Hedge | Rich people are picking up sticks and getting out of dodge.

Mac Slavo | Millennial and generation Z workers are becoming increasingly miserable with their jobs and careers.

Michael Snyder | When people are having a harder time paying their bills, that is a signal that the economy is slowing down. 

Zero Hedge | It only gets worse.

Campus Reform | Leftist comedian Bill Maher challenged liberals over the weekend on his HBO show “Real Time with Bill Maher” on a key 2020 issue: free college.

Free Beacon | “Doubling all currently projected federal individual and corporate income tax would be insufficient to finance” Medicare for All.

Virginia Fidler | Italy is not the only country embracing gold.

Zero Hedge | Lagarde cautioned that one strong GDP print doesn’t make a trend, and that the global economy remains mired in what she called a “delicate moment.”

Zero Hedge | Is the market going to assume this small cut would be the first in the Fed’s rate cut cycle?

Zero Hedge | As young Americans drown in debt, growing numbers of parents have been footing the bill for their kids’ car insurance, cell phone bills, health care costs and debt payments – often at the expense of their own retirement. 

Mac Slavo | The retail apocalypse is upon us and after hitting all-time record high levels of store closures, the pace has accelerated.

Michael Snyder | Wouldn’t it be horrible if the number of Americans without a job was higher today than it was during the Great Recession of 2008 and 2009?

Michael Snyder | Are you ready to cough up $220,000 to pay your share?  One of the reasons why a day of reckoning for the U.S. economy is inevitable is because we are in way too much debt. 

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