Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But there’s a bottom for everything. Uber drivers are on the hook for their own social security and Medicare taxes, plus the costs of the vehicle, vehicle maintenance, insurance, and fuel. Gasoline prices have surged since mid-2016. Uber has no fuel surcharge, and the drivers eat the additional costs. Has this … Read more
Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Countrywide, the UK’s largest real-estate services group with over 10,000 employees in 900 locations, saw its shares plunge over 60% on Thursday after the company asked investors to … Read more
BY JARED DILLIAN Lots of people (especially young folks) dislike cash. They say you can get pretty much whatever you want with a credit card. True, but now you have a credit card bill, and not many people pay it off every month. And there is an electronic record of your transactions. Not that I’m doing … Read more
We always should have know that war was a big con. The Lusitania was sunk on May 7, 1915. The U.S. declared war on April 6, 1917. So some 23 months after the event the U.S. gov’t decided it was a sufficient provocation to enter the war. What transparent bullshit. Oh, and if you were … Read more
by stockboardasset After Apple delivered strong earnings, the stock advanced +9 percent to the 208-handle. I made the move to acquire heavily discounted AAPL October 19 ’18 Puts with a cost basis of .33. The chart below shows resistance at 207.79 (2.618-extension measured from 2015 high and 2016 low). As of late July, S&P 500 companies had … Read more
via confoundedinterest17 The monthly jobs report for July is out and it shows that total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent. Employment increased in professional and business services, in manufacturing, and in health care and social assistance. The U-6 underemployment index (full-time plus part-time) fell to … Read more
https://www.youtube.com/watch?v=iukCwnpburs The vote taken at the end of the video was to pass a balanced budget. Part of balancing the budget included cutting 21 people from the maintenance department. One of the problems in our city is instead of using the city employees they outsource the work to outside consultants which always come with an … Read more
by tosi-ebin I’m always surprised by how few people know about this. When a business owes you money but can’t send it to you, they may turn it over to the state. Each state holds onto that money and keeps a detailed list of who it belongs to. If some of it’s yours, you can … Read more
BY SRSROCCO The U.S. Government is going to surpass another significant milestone this year. According to the recently released data from the TreasuryDirect.gov, the government will fork out a stunning half trillion dollars just to service its debt in 2018. Unfortunately, as U.S. interest rates rise, along with ever-expanding public debt, the cost to service … Read more
https://www.youtube.com/watch?v=SO7dyY1Z8eM Joseph Curl for the Daily Wire reports, President Trump cracked up the crowd Tuesday night in Tampa with a hilarious act of being “presidential.” Read More/Source/Credit/FairUse: https://www.dailywire.com/news/33877/…
Vancouver is one the the most expensive real estate markets in the world. There has never been a more furious time in history. People literally fighting each other to get a sale. It’s beyond pandemonium. With central banks beginning to turn the tap off on easy monetary policies, we have seen the weakness appearing. When … Read more
BY JOHN MAULDIN Over the last two months, I wrote a series of letters making the case for a worldwide debt default in the next decade. This is what I call “The Great Reset,” and it will rearrange much of the world’s wealth. People will see their financial condition change quickly, either for worse or better. Imagine I … Read more
From Birch Gold Group The outdated pension system in U.S. cities and states is “short by $4 trillion” according to a Moody’s estimate, making it equal to Germany’s entire economy. According to a Wall Street Journal report, it doesn’t look like retirees will have many options if any of these pension programs become insolvent: Certain pension funds face … Read more
from Zero Hedge In 2015, at the peak of the commodity-crush induced wave of energy defaults, a high-yield bond fund at Third Avenue in froze withdrawals to avoid having to divest holdings at fire-sale prices. That set off a chain of events that rattled credit markets and deepened one of the worst selloffs in years. Fast … Read more
by Martin Armstrong COMMENT: Thank you for opening my eyes on the hunt for money by cash-starved governments! My wife was a registered nurse in India and is attempting to get her RN license in California. She applied for the nursing license exam in August 2015, and the fee was the same for international and California … Read more
The powers at be keep the war machine working. While the theater is played out with tweets and memes, the oppressing US military is being increase by more than $100 Billion. This amount could be used to provide free education (Let’s talk on this in the comments if you’d like). They will scream and yell … Read more
The genes which cause bacteria to become immune to medication – antibiotic resistant genes (ARGs) – are able to move between different bacteria and also from bacteria into the environment, experts say. And research by the American Chemical Society revealed scientists have found the airborne genes in farms and parks in America. … Antibiotic resistance … Read more
Dominik Tarczyński, a member of Poland’s Law and Justice party was recently interviewed by Britain’s Channel 4. According to the Polish MP his country is safe because it refused to accept illegal Muslim migrants. Channel 4 host Cathy Newman, how many refugees Poland has taken, Tarczyński says “zero”. When Newman asks him if he is … Read more
by malexander161 I’m moving into my first solo apartment in a couple weeks, and I had to budget for the utility security deposits that many companies require if you lack a history with them. Between electric and internet, I was looking at a couple hundred dollars in deposits—spread out gradually over my next few monthly … Read more
by stockboardasset Amid the economic, political, and social collapse, Brazil has been described by many as being in the midst of a “zombie apocalypse” as years of corruption and violence spectacularly implodes all at once. Horrified by the out of control violence and pessimistic about the nation’s political and economic outlook, thousands of wealthy Brazilians are … Read more
by WARREN MOSLER Larger than expected which also means q2 GDP will be revised down some: Highlights The nation’s trade deficit proved a little deeper than expected in June,, at $46.3 billion vs Econoday’s consensus for $45.6 billion. After a run of strength going back to February, exports posted a 0.7 percent decline to $213.8 … Read more
https://www.youtube.com/watch?v=JBcEgcEBe9k ARTICLE LINK: https://truthfeednews.com/tick-tock-hannity-hints-something-major-is-about-to-drop-bringing-the-russia-hoax-tumbling-to-the-ground/
Las Vegas gunman lost money, became unstable before shooting LAS VEGAS – In the year before Las Vegas gunman Stephen Paddock carried out the worst mass shooting in modern U.S. history, the high-stakes gambler appeared to have become increasingly unstable, distant and constantly complained of being sick, according to a final investigative report released Friday. … Read more
BTW, this interview is fresh, just posted yesterday. Growing up in Venezuela involves a lot of risk, especially kidnapping. Today’s story is actually three different stories of what it took to escape kidnappers. h/t grumpier
by Wayne Root I feel like Paul Revere. “The communists are coming, the communists are coming.” This is real. Their new leader is Alexandria Ocasio-Cortez. This former waitress has been called “the future of the Democrat Party” by the DNC Chairman. She is now campaigning across the country for Democrat candidates. She is their great hope. Democrats … Read more