In The News Today

Posted at 5:46 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Really? If? Why not grow a set of cajones and call the Bidens to testify? Then we will know why Mr. Trump asked for an investigation in the first place…

Senate Republicans To ‘Weaponize’ Impeachment Witnesses If Moderate Colleagues Side With Dems
January 18, 2020

Trump supporting Senate Republicans have warned their moderate GOP colleagues that if they side with the Democrats to force witnesses in the upcoming impeachment trial, they’re going to flip the script and weaponize the process to call controversial witnesses such as Hunter Biden and Alexandra Chalupa – people central to the core claims behind the impeachment, yet were ignored like the plague by House Democrats during their investigations.

The pressure tactics are the latest shift in strategy as Republican leaders try to navigate the factions in their caucus, where moderates want to leave the potential for witnesses on the table and conservatives are anxious to quickly acquit President Trump. -The Hill

Sen. Rand Paul (R-KY) warned fellow GOP senators that if four or more of them join with Democrats to entertain witness testimony, he’ll make sure the Senate holds a vote on subpoenaing President Trump’s preferred witnesses – including the Bidens.

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Bill Holter’s Commentary

Another ex-Mother Merrill employee follows in the footsteps of Stan Salvigsen. I was an avid reader of Mr. Salvigsen before his death.

Gold Is an Ideal Investment
January 17, 2020

Equity markets are racing from one record to the next. On Thursday, the S&P 500 closed over 3300 for the first time. After Apple and Microsoft, Google is now the third technology giant to reach a market capitalization of 1 Trillion dollars.

Mr. Rosenberg is also the author of Breakfast with Dave, a daily distillation of his economic and financial market insights.

“At this level, many things have to go optimally so that the prices are higher at the end of the year,” comments David Rosenberg on the growing complacency among investors. The renowned economist and strategist is one of the most profound experts on the U.S. economy and one of the last remaining skeptics to warn of a correction.

His bearish view is based on exorbitantly high equity valuations and over-optimistic earnings expectations. He also thinks that the US consumer sector is in worse shape than the consensus believes.

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Bill Holter’s Commentary

The IMF and World Bank have now issued at least three dozen similar warnings … as we keep telling you, they will point at these and say you were warned many times before the event!

IMF Boss Says Global Economy Risks Return Of Great Depression
January 17, 2020

The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability.

Speaking at the Peterson Institute of International Economics in Washington, Kristalina Georgieva said new IMF research, which compares the current economy to the “roaring 1920s” that culminated in the great market crash of 1929, revealed that a similar trend was already under way.

While the inequality gap between countries had closed in the last two decades, it had increased within countries, she said, singling out the UK for particular criticism.

“In the UK, for example, the top 10% now control nearly as much wealth as the bottom 50%. This situation is mirrored across much of the OECD (Organisation for Economic Co-operation and Development), where income and wealth inequality have reached, or are near, record highs.”

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