Month: August 2022

SoftBank’s Vision Fund lost a whopping $23 billion in Q2 as tech investments turned sour… this follows a loss of $26 billion the previous quarter… all gains since 2017 have now been wiped out…

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by silvertomars Vision Fund, which upended the world of venture capital with splashy bets on startups such as ridehailers Uber and Didi, posted a $23.1 billion loss in the April-June quarter as value evaporated from its investments in the market rout. “The world is in great confusion,” Son said at an earnings news conference. The … Read more

Worst productivity dating to 1948…

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Only the 11.7 percent decline in 1947 was worse than the 7.4 percent quarterly decline in 2022 Q1. If the BLS had one more year of data, then compared to a year ago, this would only be the second worst year-over-year performance ever. — Mike "Mish" Shedlock (@MishGEA) August 9, 2022 OUCH! US productivity slumped … Read more

There have been numerous calls to eliminate the FBI, but this one from a FL representative is quite strong.

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It’s time for us in the Florida Legislature to call an emergency legislative session & amend our laws regarding federal agencies Sever all ties with DOJ immediately Any FBI agent conducting law enforcement functions outside the purview of our State should be arrested upon sight — Anthony Sabatini (@AnthonySabatini) August 9, 2022 THE FOURTH AMENDMENT … Read more

A clear violation of the fourth amendment occurred.

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THE FOURTH AMENDMENT WAS CLEARLY VIOLATED… The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons … Read more

The Government Is Hiding a Serious Economic Secret

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By Graham Summers, MBA July’s jobs numbers were amazing. And this is great news! Or it would be… if the jobs numbers were remotely accurate. According to the headlines, the U.S. added 528,000 jobs last month. Unfortunately, most if not all of these “jobs” were created in a spreadsheet, not the real economy. Let’s dive in. … Read more

Taiwan Holds Defensive Drills, Warns China Is Preparing For An Invasion

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By ZeroHedge Taiwan is holding its own live-fire drills, just one day after China extended its own exercises near the island. Taiwanese officials have emphasized that the drills were already scheduled and not in response to China’s “unprecedented war games.” Taiwan’s Foreign Minister Joseph Wu is calling for international support, warning that China is preparing … Read more

Due to a lack of paramedics, the NHS in the UK is deploying police officers to heart attack callouts.

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‘Officers in armed response vehicles, who are trained in first aid and defibrillators, are being pulled away from tackling crime to to mental health crises and transport cardiac arrest patients to A&E. Mr Barclay called for bold decisions on staffing to be made now, before Rishi Sunak or Liz Truss are appointed as Prime Minister … Read more

Europe’s Energy Crisis Spills Over Into Food

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By Irina Slav Excessively high energy prices are pushing up food prices across Europe. Bloomberg noted that the inflation in the UK is seen topping 13 percent this year. Food processors are struggling to cope with the effects of rising energy prices and possible rationing. Excessively high energy prices in Europe are pushing up the … Read more

Food Shortage 2022 Is Just Part Of The Plan! Even Scarier Times Ahead With The Global Food Crisis

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by Financial Argument via Financial Argument Everything we are experiencing, including food shortages is only part of the plan, and unfortunately, we have entered into an even scarier era with the global food crisis. These aren’t natural problems occurring. We are drifting towards a fictionalized and cruel future. That’s why I think a video where we will look … Read more

Michael Burry: Trump was never briefed on what among his papers could not be taken, and he didn’t pack/move the papers himself. He had returned 15 boxes already. His lawyers had met with agents. He was not there/destruction not imminent. Even Nixon was not raided.

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Michael Burry has said: Trump was never briefed on what among his papers could not be taken, and he didn't pack/move the papers himself. He had returned 15 boxes already. His lawyers had met with agents. He was not there/destruction not imminent. Even Nixon was not raided. pic.twitter.com/ujHMfHvK3K — unusual_whales (@unusual_whales) August 9, 2022 I’m … Read more

US Treasury Yield Curve Descends Further Into Darkness (-48.4 BPS) As Supply Of Homes Increases 30.7% In June (Fed Is Cooling Off Housing Market)

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by confoundedinterest17 The US Treasury 10Y-2Y yield curve is descending further into darkness (aka, inversion). The 10Y-2Y yield curve hit the worst inversion since 2000 as the curve slope hit -47.7 basis points, inverting another -2.267 basis points today. Yes, the 10Y-2Y Treasury yield curve is SCREAMING RECESSION. (Bloomberg) – Prashant Gopal – The supply of homes for … Read more

Record flooding kills multiple people in South Korea

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The amount of #rain that has fallen in the northern half of south #Korea lately is simply absurd and it is still comin down, albeit thankfully gradually migrating southward, 8 inches could fall within the next 48 hours, just south of the hotspot so far. #wx #flooding pic.twitter.com/QVnQXObSXB — Sausiuswx (@Sausius_wx) August 9, 2022 Earlier … Read more

Top 5 Ways to Prepare for Retirement

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Whether you are starting to save for retirement or are already well on your way, it’s crucial to ensure you are taking the right steps to prepare for a comfortable future. Here are five tips to help you get ready for retirement:  Invest in Yourself Whether taking night classes, reading industry-related books, or attending conferences, … Read more

Next leg lower will wipe out what’s left of the remaining hopefools

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$SPX Next leg lower will wipe out what's left of the remaining hopefools . pic.twitter.com/r1SJvzo6Qg — The Great Martis (@great_martis) August 8, 2022 What did YOU learn this weekend. Aside from the importance of keeping your friendships alive, I learned that… “We’re talking, on average, 15,000 repos a day nationwide." Do. the math…https://t.co/iAvCodAByZ — Danielle … Read more

Housing correction could end up becoming ‘one of the deepest of the past half a century,’ Royal Bank of Canada warns

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A housing correction which has already led to four consecutive months of price declines in the previously overheated Greater Toronto Area market could end up becoming “one of the deepest of the past half a century,” a new report from RBC warns. New data released by the Toronto Regional Real Estate Board (TRREB) last week revealed … Read more