Posts Categorized: In The News

Posted by & filed under In The News.

Bill Holter’s Commentary

No credit expansion here?

Bill Holter’s Commentary

Is she spending the weekend at Bernie’s?

MYSTERY: NO Pictures From First Ginsburg ‘Public Appearance’ Since Surgery?
February 5, 2019

Supreme Court Justice Ruth Bader Ginsburg attended a concert put on by her daughter-in-law at the National Museum of Women in the Arts on Monday, marking her first public appearance since cancer surgery in December.

Attendees at the Notorious RBG in Song described Ginsburg as “glam,” and “resplendent,” and “magnificent,” but you’ll have to take their word for it.

In an era when every person is carrying a camera and isn’t afraid to use it, there wasn’t a single snap of the 85-year-old to be found. Every media story that covered her alleged appearance used file photos.

“What a delight to see RBG tonight at ‘Notorious RBG in Song,’ written & beautifully performed by her daughter-in-law, Patrice Michaels,” Post contributor David Hagedorn posted to Twitter. “She sat in the back, a few rows behind us, looking resplendent. Being hugged & wished a happy birthday by her made a grand night spectacular.”

More…

Bill Holter’s Commentary

…and he just recently bought gold.

Bill Holter’s Commentary

While I cannot vouch for the numbers, they seem correct. What happened you ask? They bought your votes, they were believed and no one complained until it was too late, which is now!

Apocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are Completely Broke
January 31, 2019

The debt crisis in the United States of America has reached apocalyptic proportions.  A new and horrifying report out details the reason why 63 of America’s largest cities are completely broke: debt and overspending.

According to a recent analysis of the 75 most populous cities in the United States, 63 of them can’t pay their bills and the total amount of unfunded debt among them is nearly $330 billion. Most of the debt is due to unfunded retiree benefits such as pension and health care costs.  That means those depending on that money, likely won’t see a dime of it.

“This year, pension debt accounts for $189.1 billion, and other post-employment benefits (OPEB) – mainly retiree health care liabilities – totaled $139.2 billion,” the third annual “Financial State of the Cities” report produced by the Chicago-based research organization, Truth in Accounting (TIA), states. TIA is a nonprofit, politically unaffiliated organization composed of business, community, and academic leaders interested in improving government financial reporting.

“Many state and local governments are not in good shape, despite the economic and financial market recovery since 2009,” Bill Bergman, director of research at TIA, told Watchdog.org.

More…

Posted by & filed under In The News.

Bill Holter’s Commentary

I would point your attention to the MACD weekly crossed over to the downside in mid December. These crossovers can go 4-6 months or more. Now the question is how far the dollar weakens…versus gold? A HUGE move coming!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bill Holter’s Commentary

Are you shocked? Debt doesn’t matter until it matters…

China’s Corporate Default Storm Continues To Rage At The Start Of 2019 After A Record Year
January 15, 2019

Two weeks into 2019, five Chinese companies are already likely to default on 3.5 billion yuan (US$446.25 million) worth of debt, after a record US$17 billion default wave took the country by storm in 2018 amid a worsening economic slowdown and soaring refinancing costs facing the cash-starved private sector.

Beijing Kang Dexin Composite Material, a hi-tech material firm that supplies optical film products to Apple and carbon fibre materials to Mercedes-Benz, tumbled by its maximum-allowed 10 per cent on Tuesday to a record low of 6.46 yuan on the Shenzhen Stock Exchange. Its market cap has plummeted 58 per cent in the past two months to 23 billion yuan from 54 billion yuan.

Tuesday’s plunge came after the firm announced it’s likely to default on the payments of two corporate bonds worth a combined 1.56 billion yuan. One is due on Tuesday, with an amount of 1.04 billion yuan, while the other will expire next Monday.

More…

Posted by & filed under In The News.

Bill Holter’s Commentary

I highly recommend watching this video. Does anyone know if President Donald Trump was a member of the John Birch Society?

Posted by & filed under In The News.

Bill Holter’s Commentary

Comical? Or does it affect markets?

Big Banks Expected To Testify Before House Financial Services Committee In March
January 24, 2019

The chief executives from some of the biggest U.S. banks are expected to testify before the House Financial Services committee in March, two sources told CNBC.

J.P Morgan Chase CEO Jamie Dimon, Goldman Sachs’ David Solomon and Wells Fargo’s Tim Sloan are among the bank executives expected to testify, the sources said. Bank of America’s Brian Moynihan and Morgan Stanley’s James Gorman are also expected to testify.

The CEOs would be testifying in front of Rep. Maxine Waters, D-Calif., who became the committee’s chair earlier this month. Waters recently met with Solomon and Dimon in private, people with direct knowledge of the matter have told CNBC.

One of the bank executives expected at the hearing told CNBC that Waters said “she wanted to get all the CEOs in to talk about how they could better support the economy.”

More…

Bill Holter’s Commentary

…Or is the gold even there?