by Simon Black The first time I met Steven Seagal, it was in the lobby of a posh hotel in Bangkok, Thailand. He came downstairs sharply dressed, complete with his yellow-tinged ‘Tony Stark’ sunglasses, ready to hit the nightclubs for the evening. My friend Adam introduced us. Steven bowed to me, and, slightly puzzled, I … Read more
Has government funded housing, medicine, food. What’s worse is there are apparently welfare “recruiters” making a career out of trying to make more versions of this.
Chris Donaldson from I Love My freedom reports, Last week marked what could be a key turning point in the Democratic party as sniping between Speaker Nancy Pelosi and Alexandria Ocasio-Cortez erupted into a full-scale feud. https://www.youtube.com/watch?v=oZHGoOCOOW4 Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/party-divide-bernie-defends-socialist-ally-ocasio-cortez-tears-into-pelosi-for-being-too-hard/
by Natura Naturans But, but, Al Gore said the North pole would be all water by 2018? How can THIS be? Ice 10 feet thick, in the middle of SUMMER? Gee, maybe you have been lied to. Maybe: 15 July 2019 – The Norwegian icebreaker “Kronprins Haakon” (Crown Prince Haakon), on a mission to the North … Read more
EVERYTHING OLD IS NEW AGAIN: “Gendered Language Like ‘Manhole’ Will Soon Be Banned From Berkeley’s City Codes,” CBS’s Sacramento affiliate reports. The city voted Tuesday night to replace gendered terms in its municipal codes, like “manhole” and “manpower,” with gender-neutral ones like “maintenance hole” and “human effort.” The item passed without discussion or comments and was not … Read more
by Martin Armstrong Nigel Farage’s new Brexit Party is now the second largest in Britain. The Conservatives still topped the YouGov poll with 24% of the vote, but they were boosted by the prospect of Boris Johnson, who is a Brexit believer, as the next Tory leader. The prospects for Europe remain up in the … Read more
by Martin Armstrong One of the most fascinating observations I have made over my career has been that the banks always lend at the top and contract lending at the bottom in every market. Going into 1980, banks were calling me to ask if I wanted to borrow money. Recently, I got a phone call … Read more
by Jesse “And, for the same reason that they do not please Him, they succeed in pleasing themselves. Hence, they become both self-satisfied and self-sufficient – they think they know just what they ought to do, and that they do it all; and in consequence they are very well content with themselves, and rate their … Read more
via medium: Netflix spends $15 Billion per year on Original Content, and pays another $13 Billion each year to license content from other studios. Other expenditures include technology and marketing, each costing billions per year. With revenues only recently reaching $16 billion, Netflix is forced to borrow heavily to produce original content, and maintain their dominant position in the US … Read more
by Duckbuttt123 Data created using SankeyMatic I was inspired to do a Sankey diagram from this post: https://www.reddit.com/r/dataisbeautiful/comments/ceu98o/twelve_months_of_a_ny_bankers_income_and_spending/. Some points on this: I live in Southern California I am married, but I am only including my personal income and personal spending for this year We do not have kids My wife pays for about half our mortgage, … Read more
by donotwink Source: FiveThirtyEight article thoroughly explaining the Democratic candidates’ donations after the second financial quarter. Good read for more information on my visualization and some more interesting graphics. Tools: ggplot2 and R
lol: https://twitter.com/Morning_Joe/statu…
by Nomen_Meum Diagram created using SankeyMATIC. Data from my pay stubs and bank transaction dumps. Couple notes: I worked as an investment banker in New York for about eleven of the last twelve months. I’ve lived with my partner for about half a year, and the majority of “Venmo (Inflow)” is their portion of our … Read more
by LivelyHorrific Created using SankeyMATIC. Data pulled from looking through emails, spreadsheets, accounts. I created this because of my bitterness that I never received a thank you card for the wedding gift (and much less for planning the bachelorette). The flight for trying out the dress is $11.20 because I used airline points.
by Logiman43 All of you guys are way too positive and have adopted the retail investor mindset full of “conventional wisdom”, which is preyed upon by professional investors. This market is going to get a lot worse, approaching if not a full-blown depression, and its going to happen for several reasons. (EDIT: Not immediately, but … Read more
by elimc First of all, I am going to say that there are definitely people who have a financial interest in selling fear. I would be wary of anyone who claims to know the future. Having said that, I am going to be a contrarian and say that it is possible that we can have hyperinflation … Read more
President Trump said he’s looking at the JEDI contract that will be awarded to Microsoft or Amazon. The contract is said to be worth up to $10 billion. President Donald Trump said Thursday that he’s seriously considering looking at a Pentagon contract that’s said to be worth up to $10 billion for Microsoft or Amazon. “I never had … Read more
A federal appeals court has upheld the criminal conviction of notorious ‘pharma bro’ Martin Shkreli. The three-judge panel in the U.S. Court of Appeals for the Second Circut also upheld the more than $6.4 million in foreiture that a judge imposed on Shkreli last year when she sentenced him for his conviction on two counts … Read more
by cbus20122 Over my roughly 50 years of being a global macro investor, I have observed there to be relatively long of periods (about 10 years) in which the markets and market relationships operate in a certain way (which I call “paradigms”) that most people adapt to and eventually extrapolate so they become overdone, … Read more
by Michael Snyder Has a war between the United States and Iran become inevitable? That is what some in the mainstream media seem to be claiming, but let us hope that is not true, because such a war would mean immense death and destruction. If the Iranian regime felt that their survival was at stake, … Read more
via moneyweb: Global finance ministers are facing intensified nagging to loosen purse strings and aid the world economy at a time when central banks can’t keep carrying the burden alone. Group of Seven officials meeting near Paris confronted an outlook of slowing growth that has already prompted monetary authorities to shift stance and prepare for stimulus. … Read more
The House passes a bill to gradually raise the federal minimum wage to $15 per hour. House Democrats see it as a major part of their economic platform as they contend a strong economy and roaring stock market have not boosted the working class. Senate Majority Leader Mitch McConnell is unlikely to take the bill … Read more
via sentimentrader: Confidence nears upper bound Over the last couple of days, Dumb Money Confidence has poked above 80%. While it has gone higher over the past 20 years, this is in the top 2.3% of all readings.’ It’s high enough that it has preceded weak returns, especially in recent years, and those times when stocks … Read more
