via Zerohedge: Every six month or so, the Bank of International Settlements, also known as the central banks’ central bank, publishes some dire warning about the increasingly precarious state of the global financial system – largely as a result of an unprecedented monetary experiment that is now pushing on a string – and every six … Read more
by Natura Naturans Democrat 2020 Platform: Everything is Free! The Democratic Primary is no more than a competition over who can give away more free stuff: healthcare, college, cash – you name it, it’s free! Here is a list of the free stuff the Democratic candidates have offered: Free College; Free Healthcare; Cancellation of Student Loan … Read more
by GopherFawkes The money you make earlier in life is more available than the money you will make later in life thanks to compounding interest. Here is a fun made up example of what I mean. You and I are 25. We decide we want to retire at 65. I contribute $500/month from age 25 … Read more
Don’t forget to do a mid-year income tax withholding review to make sure you are having the proper amount of taxes withheld based on your current allowances claimed and how you want to end the tax year (owing, refund, breaking even). You can do it here: https://www.irs.gov/individuals/irs-withholding-calculator h/t Emmie_Lynn
global slowdown pic.twitter.com/pwghR65Za0 — Alastair (@StockBoardAsset) June 30, 2019 global growth has been decelerating since jan 2018 pic.twitter.com/pPnLvLnTfW — Alastair (@StockBoardAsset) June 30, 2019 South Korea exports -13.5% vs. -9.4% last. Shoots# pic.twitter.com/1JlxofC95b — Teddy Vallee (@TeddyVallee) July 1, 2019 *SOUTH KOREA JUNE CHIP EXPORTS DROP 25.5% Y/Y — Teddy Vallee (@TeddyVallee) July 1, 2019 … Read more
He’s right on corporate debt. Crazy sh*t going on for year after year. h/t SpontaneousDisorder
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter More cars and trucks on the road in the US than ever. But usage drops. Saturation everywhere. On the surface, we see this: Total miles driven in April on all roads and streets in the US rose by 2.5%, or by 6.8 billion miles, compared to a year earlier, to 279.3 … Read more
by Charles Hugh-Smith Here is the moral decay of America’s ruling elites boiled down to a single word. There are many reasons why Imperial Rome declined, but two primary causes that get relatively little attention are moral decay and soaring wealth inequality. The two are of course intimately connected: once the morals of the ruling Elites … Read more
by originalmuggins I had a theory last night about what might have gone down in the Trump-Xi meeting, from reading between the lines. When I cite a credible news source I put (FACT). The rest is conjecture. I think that the series of meetings Trump had with business leaders (including Tim Apple) and the … Read more
via Zerohedge: A new study has provided evidence linking unaffordable housing in Vancouver to foreign ownership, Chinese capital and millionaire migrants, according to the SCMP. A white paper published by Josh Gordon, an assistant professor at Simon Fraser University’s school of public policy, found a stunning 96% correlation between metro Vancouver municipalities’ price to income ratios and the proportion … Read more