In The News Today

Posted at 10:56 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

With happy Thanksgiving.
I am invited to a vegan family dinner.

Bitcoin Price Claws Back to $4,500 But Further Losses May Lie Ahead
November 20, 2018

The bitcoin price on Tuesday nursed extensive losses of over 12 percent against the US dollar, stabbing through $5,000 as it did.

BTC/USD Intraday Analysis

The BTC/USD index is currently trading at the 4513-fiat price level after a minor jump from its intraday low at 4035-fiat. The knee-jerk reaction after a massive sell-off does not confirm a substantial bias shift. It looks more like a bear pennant formation that is likely to extend the bearish action as it overreaches its downside targets.

 

 

 

 

 

 

 

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Bill Holter’s Commentary

Nothing to see here!

Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks
November 20, 2018

So what’s going on here?

In the third quarter, the “delinquency rate” on credit-card loan balances at commercial banks other than the largest 100 banks – so the delinquency rate at the 4,705 smaller banks in the US – spiked to 6.2%. This exceeds the peak during the Financial Crisis for these banks (5.9%).

The credit-card “charge-off rate” at these banks, at 7.4% in the third quarter, has now been above 7% for five quarters in a row. During the peak of the Financial Crisis, the charge-off rate for these banks was above 7% four quarters, and not in a row, with a peak of 8.9%

These numbers that the Federal Reserve Board of Governors reported Monday afternoon are like a cold shower in consumer land where debt levels are considered to be in good shape. But wait… it gets complicated.

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On Watch: Exposing Mainstream Media Lies About the Illegal Alien Invasion
November 21, 2018

In this episode of “On Watch,” Judicial Watch Director of Investigations & Research Chris Farrell joins filmmaker Ami Horowitz to discuss his recent trip to Mexico investigating the migrant caravan.

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