THE WOLF STREET REPORT | Wolf Street
— Read on wolfstreet.com/2019/03/17/the-wolf-street-report-whats-really-causing-the-gigantic-u-s-trade-deficit/
THE WOLF STREET REPORT | Wolf Street
Tesla’s Mess at the Top: Moody’s Gets Nervous | Wolf Street
— Read on wolfstreet.com/2019/03/15/teslas-mess-at-the-top-moodys-gets-nervous/
Shareholders wiped out, 14 Months after competitor Carillion Collapsed.
— Read on riggedgame.blog/2019/03/15/outsourcing-giant-interserve-with-65000-employees-collapses/
Video Game Industry Stalls, Stocks Plunge. What’s Going On? | Wolf Street
— Read on wolfstreet.com/2019/03/13/video-game-industry-stalls-stocks-plunge-whats-going-on/
Perhaps a change in consumer preferences?
The acquisition created the world’s biggest toll-road operator. But it was costly. And one of the acquirers, Atlantia of Italy, is now in trouble because its bridge collapsed, killing 43 people
— Read on riggedgame.blog/2019/03/12/toll-road-giant-abertis-just-doubled-its-debt-to-e22-bn-to-pay-a-special-dividend-to-the-companies-that-acquired-it-last-year/
Auto loan delinquencies surged in 2018, rising to 2.36 percent, which was the highest rate since the third quarter of 2010. Bloomberg reports: More Americans than ever are at least three months behind on their auto loans, a sign that the U.S. economy may have little growth left in the tank.
— Read on mises.org/power-market/americans-arent-giving-their-cars
Car lovers and markets
QUESTION: Mr. Armstrong; Your movie the Forecaster was on TV here in Scandinavia. That introduced me to your research. When I discovered your film was on TV in Europe, Canada, and Asia, but not the United States, that merely confirmed the corruption in New York. Here in Finland healthcare is comprehensive and it is taking down the government. On Friday, the government in Finland collapsed after it was unable to reform healthcare. Every aspect you have written about is unfolding. Why will mainstream media not report your success? UVH ANSWER: Healthcare is destroying Western Civilization for the costs are far too high. Because they have been subsidized by the government, they have not been subjected to the normal business cycle. They just always have their hand out in uptrends and down. The government in Finland resigned on Friday after they failed to come up with reform to cut costs in healthcare. Between that trend and government pensions, these two forces are putting pressure to keep raising taxes and lowering the standard of living for everyone else. This is what I mean that we are in the stages of a collapse in socialism. There should be no government pensions where people have not contributed anything toward their future. Healthcare MUST be cut off and forced to be competitive. Obamacare was all about cheating the youth and forcing them to pay for healthcare they did not need to reduce costs for those who did need it. This is the hallmark of socialism – how to live off of other people’s money. As far as the press is concerned, the prevailing view is that they very much understand it is all about CONFIDENCE. A market crashes and the head of state comes out and tells the people everything is fundamentally sound. Can you imagine if he went on TV and announced the economy is going to completely collapse for 2 years? People would panic. The prevailing belief is that even in the face of collapse, you must always point in the other direction. Mainstream media will not report something that would warn of such a crash. The government would be on the phone and ask what are they doing? So it is not some conspiracy against me personally. They are not ready to publish such information. The Wall Street Journal published this chart of the business cycle ONLY when the low was coming into play to restore confidence. They will publish what I have had to say ONLY at the bottom and then tell the world this is the guy who predicted the collapse, and now he says it is over. In 1987, we forecast that the low would hold and new highs would unfold by 1989. Larry Edelson in the movie even talked about that. This was when brokerage houses were offering $100,000 for me just to speak for a few hours telling everyone I forecast the market crash and was now forecasting new highs. So it was to their advantage to bring me out. Here is a short video clip of an introduction by TIR securities back then in London for that very purpose. That is just the way it works. It is not a personal conspiracy outside the United States where, yes, the press defends the banks so they cannot report what I have to say. I have even written for the Wall Street Journal. While I have not submitted any Op-eds ever since I seriously doubt that would publish it. Perhaps I should try just to prove that point.
— Read on www.armstrongeconomics.com/world-news/pension-crisis/finland-government-collapses-why-the-media-is-silent/
One point that is missed here is the rising cost of health care premiums and co pays for working Americans. Our premiums have more than doubled under Obamacare and co pays have tripled in many cases. The working class is bearing the brunt of this bad idea. While the politicians themselves are exempted fro Obamacare, including Obama.