Debt Rattle June 7 2019

[Raúl Ilargi Meijer]

René Magritte L’empire des lumières 1949   • Assange Persecution Very Similar To Historic Witch-Hunts – Melzer (Can.) • Belmarsh Prison Inmate Pr
[See the full post at: Debt Rattle June 7 2019]

[V. Arnold]

I find the René Magritte L’empire des lumières 1949; stunning.
The juxtaposition of light and dark is just brilliant, IMO…

[Peachtree]

“Does Australia have any laws at all?”

Of course we do. For the little people anyway.

[zerosum]

• The Fed Can’t Help Housing or Autos at This Point (DDMB)

https://www.cbc.ca/news/canada/british-columbia/canfor-temporary-shutdown-bc-lumer-mills-1.5110097
Canfor temporarily cutting production at 3 sawmills in B.C.
———–
https://www.cbc.ca/news/canada/british-columbia/toko-sawmill-closed-1.5132438
Forestry products company Tolko says it will permanently close its Quesnel sawmill and will reduce shifts at its Kelowna mill.

Although I see lots of inventories of everything, (farming equipment, lumber, mfg. products, etc.), I do not hear that the banks are seizing the inventories because of non-performing loans.

Did everyone forget that the midwest has got to repair and rebuild all of the infrastructures that have been destroyed and damaged by hurricanes and flooding?
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https://www.bizjournals.com/louisville/news/2019/05/03/automotive-industry-sees-thousands-of-job-cuts.html
Through April, the U.S. auto industry saw 19,802 job cuts compared to 6,451 cuts through the same period last year. The industrial goods industry lost 39,304 this year through April compared to 4,625 last year through April, the report said.

It will take a while to see the effects of the 5% tarrifs on Mexico.
———–
However, we don’t need to worry. The fed is ready to help so that the banks and stock markets still produce the expected profits.

• Fed Signals It Will Use QE Aggressively To Fight Next Recession (MW)

—————–
Don’t take my word for it.

• That America Is Gone (PCR)

The State of the Economy

What few, if any, economists and financial market commentators understand is that today all markets are rigged by the plunge protection team. For at least a decade it has not been possible to evaluate the financial situation by relying on traditional thinking and methods. Rigged markets do not respond in the way that competitive markets respond. This is the explanation why companies that see no investment opportunities for their profits better than the repurchase of their own shares can have high price/earnings ratios. This is the explanation why the market’s effort to bring stock prices in line with realistic price/earnings ratios is unsuccessful.
As far as I can surmise, the Federal Reserve and plunge protection team can continue to rig the financial markets for the mega-rich until the US dollar loses its role as world reserve currency.

I guess that the next step will be to do as Japan, buy up the stock market, or even better, do like China and use the inventories to build cities.

[V. Arnold]

I’ve followed he DJI for many months; down to 24000+/-; and then back up to 26000+/-.
It’s so regular you could bet on it.
Oh, wait… 😉

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