Month: July 2019

Rick Rule: “These are the numbers I find compelling” … Deutsche Bank: “Three Fed rate cuts in 2019 are off the table” … Nouriel Roubini: Bitcoin is a scam …

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BY JOHN RUBINO Rick Rule: “These are the numbers I find compelling” … Deutsche Bank: “Three Fed rate cuts in 2019 are off the table” … Nouriel Roubini: Bitcoin is a scam … Grant Williams: How gold actually works in a crisis … Terrifying news about 5G from someone who’s installing it …

Visualizing the Wealth of Nations

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by visualcapitalist Just as there exists a longstanding inequality in the distribution of household wealth, so exists a considerable differential in the amount of wealth held by countries on the international stage. Simply put, some nations are “haves”, while many others are “have-nots”. “Wherever there is great property, there is great inequality.” – Adam Smith, The Wealth … Read more

The Mystery Millionaire Who Haunted London’s Insider-Trading Trial

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https://www.bloomberg.com/news/features/2019-07-03/the-mystery-millionaire-who-haunted-london-s-insider-trading-trial July 2, 2019, 9:01 PM PDT When Alshair Fiyaz, a wealthy businessman with a shaggy mane of hair, walked into the garden of London’s Four Seasons Hotel on a pleasant June evening five years ago, he had no idea he was being followed. He was there to meet Walid Choucair, a trader wearing a … Read more

Oregon effectively banned single family zoning

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by AlexPitti The May monthly construction spending report was very bad as it was down 0.8% monthly and 2.3% yearly. The weakness is in residential construction, specifically, in single family residential construction. Residential construction spending fell 11.2% yearly. Single family spending fell 7.6% and multi-family spending was up 9.3%. Single family housing has become unaffordable which … Read more

BUT OF COURSE: Cory Booker returns pharma executive’s money after he claimed he hadn’t accepted any.

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via abcnews: During last week’s presidential debate, the former Newark mayor took a strong stance against the pharmaceutical industry, saying that pharmaceutical companies should be “held criminally liable” for the health and opioid crisis across the country and further stated that his campaign doesn’t take contributions from the industry’s corporate PACs and executives. ABC News’ closer examination of disclosure … Read more

US government mulls banning encryption

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by Simon Black   Here’s our Friday roll up of the most absurd and concerning articles we came across this week. US Government officials consider banning end to end encryption Leaders from US government agencies are rumored to be pursuing a ban on end-to-end encryption. Tech companies like Apple and Google often build encryption into their … Read more

Why renewables can’t save the planet

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I watch a fair number of TED talks, usually commenting to the screen how much I disagree with what the presenter is spewing forth, as they tend to be left of center, ideologically. I am quite surprised that this young man wasn’t booed off the stage after they realized that he was advocating against their … Read more

Wikipedia co-founder slams Mark Zuckerberg, Twitter and the ‘appalling’ internet

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via CNBC: Wikpedia Co-Founder Larry Sanger said in an interview social media companies like Facebook and Twitter are abusing their power and violating users’ privacy and security. He criticized executives in Silicon Valley like Facebook CEO Mark Zuckerberg for being “too controlling.” Sanger is advocating “decentralized” social networks.   Larry Sanger co-founded Wikipedia in 2001 … Read more

Mannarino: China Says “NO DEAL!” Fed. Rate Cut Is Now A LOCK

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TradersChoice.net, Released on 7/5/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more

Microsoft, HP, and Dell Reportedly to Move Production Out of China

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via electronicspoint: Amidst the ongoing ‘trade war’ between the U.S. and China, global technology heavyweights are reportedly to move substantial amounts of their production capacity out of China. Several U.S.-based technology giants who include Microsoft, HP, and Dell are reportedly looking at moving substantial amounts of their production out of China. Spurred on by the ongoing … Read more

MMT, Helicopter Money and Monetary Socialism

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by asepp Previous blog posts on modern monetary theory (MMT) and helicopter money have led to the following interview with John Adams and Martin North of Digital Finance Analytics, shown on the YouTube channel Interest of The People: The comments following this interview indicate significant misunderstanding about economics in general and economic theories such as MMT in particular.  It is worthwhile responding to … Read more

300mile diameter cyclone over Estonia 5 July 2019

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https://www.accuweather.com/en/ee/tallinn/127964/weather-radar/127964 zoom out, then hit play formed in past 24 hours cyclone formed over Estonia 300 miles across (500km) – now with extra bands forming at Oulu Finland and Krakow Poland to make it 1000 miles across (1600km) with NO westerlies, and NO polar winds to steer nearly impossible https://earth.nullschool.net/#current/wind/isobaric/500hPa/orthographic=-337.02,58.08,567   so in addition , … Read more

Extent of Amazon review scamming revealed: Hacked accounts posting 2,500 times

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Amazon sellers are using hacked accounts to award themselves five-star ratings, with one hijacked user posting as many as 2,500 bogus reviews, a consumer watchdog has found, urging regulators to act. Legitimate accounts are being hijacked to post fake reviews – sometimes thousands of them, UK consumer watchdog Which? found in an investigation into tricks sellers have … Read more

Greek 10-year yields have fallen to the lowest ever in data going back to 2007, to 2.15%, At this point, Greece’s longer-term borrowing costs are about the same as those for the U.S.

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by SpontaneousDisorder   Sources: https://twitter.com/lisaabramowicz1/status/1145978810615173120 https://www.google.com/search?q=greece+debt+to+gdp Spike on the left is euro crisis. Debt to GDP high as ever yet investors treating greek debt like its safe as houses.