from Corbett Report Extras:
by Wolf Richter, Wolf Street:
But back to “normal” hurts after a good run.
January retail sales confirm the trend seen late last year: Overall retail sales, including at restaurants and bars (“food services and drinking places”), had been running at red-hot growth rates starting in 2017, reaching 6.6% year-over-year last summer; and they’re still growing year-over-year but at a slower rate, with sales at auto dealers and parts stores acting as a drag, and with sales at restaurants and bars acting as a push.
by Kerry Lutz, Financial Survival Network:
John Rubino returns… The world’s central banks are like a bunch of kids playing bumper cars. You control your collisions with one pedal, you can take your foot off the gas to slow down, or you can depress it to speed up. Either way, there’s going to be a pile up. Now it looks like the Fed has gotten back into the action and who knows when the fun will stop. Perhaps with a massive power failure like Venezuela. In other news that’s not so new, the Dems have finally found an economic system they can believe in – socialism/totalitarianism seems to be in vogue yet again. Everything old is eventually new again, like short skits and wide ties. But the Commitment of Traders (COT) is looking up again, at least if you believe in the yellow metal. Speculators have jumped the ship/shark and commercials have gone long. How much longer can it be?
Click HERE to Listen
by Steve St. Angelo, SRSRocco Report:
There’s been a hidden decline in the global gold mining industry unrecognized by most investors. It’s an insidious and mysterious decay that has plagued the industry for many years. Unfortunately, investors can’t see what’s occuring in the gold mining industry because they are unable to notice the subtle changes taking place over decades as the market is focused on quarterly results.
Thus, the adage…. the frogs are slowly cooked to death, fits here perfectly.
by Caitlin Johnstone, Medium:
After struggling against our own self-destructive tendencies throughout the entirety of recorded history, humanity is now at a point where that struggle is probably going to be resolved, one way or another, within the lifetime of most people reading this.
The movie about this struggle has been written with one of two possible endings. In the first, we are unable to overcome our self-destructive tendencies, and the last of our species dies by radiation poisoning or choking on the dust of an uninhabitable planet. In the second, we evolve beyond our self-destructive tendencies and move into a healthy relationship with our minds, our ecosystem, and each other.
Over the weekend, we were surprised to learn that some readers were prevented by Facebook when attempting to share Zero Hedge articles. Subsequently it emerged that virtually every attempt to share or merely mention an article, including in private messages, would be actively blocked by the world’s largest social network, with the explanation that “the link you tried to visit goes against our community standards.”
New Numbers Confirm That The Global Economy And The U.S. Economy Are The Weakest They Have Been Since The Last Recession
by Michael Snyder, The Economic Collapse Blog:
Even mainstream economists are admitting that economic activity is slowing down. And at this point that fact would be very difficult to deny, because the numbers are very clear. We haven’t faced anything like this in a decade, and many are deeply concerned about what is coming next. Will it be just another recession, or will it be an even greater crisis than we faced in 2008? According to Bloomberg Economics, the global economy experienced a “sharp loss of speed” over the course of 2008 and global economic conditions are now “the weakest since the global financial crisis”…
Judicial Watch Files Ethics Complaint Against Adam Schiff Over His Shady Contacts with Glenn Simpson, Michael Cohen
by Jim Hoft, The Gateway Pundit:
Conservative watchdog group Judicial Watch announced Monday it filed an ethics complaint against Rep. Adam Schiff over his contacts with Fusion GPS founder Glenn Simpson and Trump’s former lawyer Michael Cohen.
The official complaint filed by Judicial Watch with the Office of Congressional Ethics, requests House Intel Chairman Adam Schiff (D-CA) be investigated in connection with recent revelations that he secretly met with Fusion GPS founder Glenn Simpson in Aspen, Colorado in July of 2018.
by Harvey Organ, Harvey Organ Blog:
TYPICAL RAID DAY FOR GOLD/SILVER AS THE BANKERS NEVER ALLOW A FOLLOW THROUGH: GOLD DOWN $8.00 TO $1291.00/SILVER DOWN 7 CENTS TO $15.27// CONTINUAL QUEUE JUMPING AT BOTH GOLD AND SILVER COMEX// ANOTHER BOIEING 737 MAX 8 FALLS FROM THE SKY AS AN ETHIOPIAN AIRLINE CRASHES AND ALL ABOARD PERISH: CHINA GROUNDS ALL BOEING’S 737 MAX 8’S//BROOKINGS HAVE STATED THAT CHINA HAS OVERSTATED THEIR GROWTH BY 12% IN THE PAST 6 YEARS/ATLANTA FED CUTS FIRST QUARTER GDP GROWTH TO A PALTRY .2%//MORE SWAMP STORIES FOR YOU TONIGHT