Month: August 2018

Tariffs Will Hurt U.S. More Than Rest of World, Maersk Says

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via Christian Wienberg The U.S. economy will be hit many times harder than the rest of the world by an escalating global trade war, according to the chief executive officer of A.P. Moller-Maersk A/S. Soren Skou, who runs the world’s biggest shipping company from Copenhagen, said the fallout of the current protectionist wave “could easily end up … Read more

65 Years Ago Today, the CIA Conspired with the UK to Overthrow Iran on Behalf of Big Oil

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via thefreethoughtproject: Today marks the 65th anniversary that the west carried out a coup in Iran that destabilized the county by overthrowing the country’s democratically elected leader, Mohammad Mossadegh, and installed a CIA groomed dictator. What was once considered a conspiracy theory is now a fact as the government has since admitted to carrying out Operation Ajax … Read more

Turkey Just a Test Case as Quantitative Tightening Era Nears

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via Enda Curran and Michelle Jamrisko Turkey is just a drill A push by major central banks to reverse crisis-era policies is primed to accelerate into 2019 amid plans for higher interest rates and smaller balance sheets. So-called quantitative tightening then risks sucking dollars and euros from nations whose governments and companies binged on cheap debt without improving … Read more

Turkey Is Just Noise: Here Is What Really Matters

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by Zach Scheidt of Daily Reckoning “Turkey? Am I Really Talking About Turkey??” I got a laugh this week when I got an email from Alan Knuckman with this in the subject line. Over the past week or so, the markets have been under pressure thanks to a debt crisis in Turkey. The country itself has … Read more

9 Cops Choke, Rough Up, Arrest Man For Rolling A Joint In His Car, On Private Property In A State Where Weed Is Legal

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via thefreethoughtproject: Las Vegas, NV — For almost three years, medical marijuana was legalized in various regions of the state of Nevada. However, recreational marijuana sales only started in specific areas of the state at the beginning of July 2017 because of a law that took effect at that time; this law renders persons that are at … Read more

America Today: K2 Overdoses, Opioid Epidemic, Debilitating Disabilities, Rampant Mental Health Issues, Scary Number of Suicides, and Rising Obesity Levels

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By Bob Shanahan A harrowing scene unfolded in New Haven, Connecticut last week when 100 people overdosed on some form of K2, regularly and inaccurately called synthetic marijuana. While New Haven officials were responding to some 76 people, Rick Fontana, New Haven Emergency Operations Director, got a call on 19 additional reports of overdoses occuring … Read more

Is Social Media Facing a Near Extinction Level Event?

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by Chris Black On Sunday, CNN aired an interview with Twitter’s CEO Jack Dorsey, one of the big-tech God Emperors of the Social Media Universe, who appeared as a weak and fragile pencil-neck nerd, who desperately tried to simulate having a human conscience. I am not kidding, just watch the interview for yourself. During the … Read more

See Which Industry Dominates Your State’s Economy

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by howmuch Diversification is a broadly accepted investment strategy designed to hedge against risk. If you invest all your money in one company or one industry, you flirt with disaster during an economic downturn. Does the US have a diverse economy? Our new map reveals that the answer is both yes and no. We found the … Read more

HSAs offer Untapped Investing Opportunity

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How to Complement, Supplement or Replace Your 401(k) Savings   Consider this, 401(k)s and IRAs are one of the most tax-advantaged investments opportunities on the market. The clear downside being that money is locked until 59 and 1/2 years of age (unless you are willing to incur early withdraw penalties). Most tax or financial advisors recommend that you … Read more

Turkey lira crisis to trigger RECESSION: Germany may PROP UP Erdogan amid Europe concerns

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via OLI SMITH The Turkish lira crisis has continued to spiral out of control, after a rating agencies predicted a recession within a year – prompting European allies to look at giving support to Recap Tayyip Erdogan. The Turkish lira crisis will push the country into a recession in less than a year, according to ratings agency Standard … Read more

Brazil Deploys Troops To Venezuela Border After Migrant Attacks – “This is going to turn into a war!”

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by stockboardasset Brazil’s President Michel Temer announced an emergency meeting of government Sunday after deploying troops to the border town of Pacaraima where Venezuelan migrants clashed with residents. Temer met with key officials at his presidential palace, including those of defense, public security, and foreign affairs, but limited details were disclosed, said the AFP. The situation in … Read more

Is It Time To Cash Out On Your Currency Trades?

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via T. Pizzuti & K. Hulse If you traded long the U.S. Dollar or shorted another currency based on our January post or our more recent update in May, it’s time to pay attention to upcoming resistance levels in the Dollar Index and the associated ETF (NYSEArca: UUP). Depending on your trading time frame, you might even consider taking … Read more