Billionaire investor Peter Thiel reportedly says the FBI and CIA should investigate Google who he believes have been infiltrated by Chinese intelligence at the highest levels

https://www.youtube.com/watch?v=5IcXHaOZcUw Peter Thiel says FBI, CIA should probe Google Peter Thiel, billionaire investor and Facebook board member, on Sunday night said that Google should be federally investigated for allegedly aiding the Chinese military. Why it matters: Thiel is the tech industry’s …

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The US Housing Bust In 20 Charts

via Zerohedge: In “Where The American Dream Goes To Die“, we published some of the most recent, concerning observations on the current state of the US housing market. Now, courtesy of Deutsche Bank, for our lazier readers, here is a …

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California: Here Be Monsters.

● Sacramento County Says It’s Illegal to Work on Your Own Car in Your Own Garage. —Jalopnik, July 3rd. ● “In a bizarre stunt Friday, an elf-costumed real estate developer threw money at residents of a homeless camp in California in an …

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Greg Weldon: The US Economy Is Rolling Over… Nick Reece: Majority of Global Manufacturing Sector Now Contracting

https://static.financialsense.com/audio/2019-07/financial-sense-20190712-chapman-7939890900f6.mp3 July 12, 2019 – Fed Chairman Jerome Powell confirmed a rate cut is coming at the end of this month. Markets reacted positively to this news with major indexes hitting new highs. Ryan Puplava makes sense of what moved …

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The U.S. (and Global) Economy Is In Trouble

by Dave Kranzler of Investment Research Dynamics Jerome Powell will deliver the Fed’s semi-annual testimony on monetary policy (formerly known as the Humphrey-Hawkins testimony)  to Congress this week.  He’ll likely bore us to tears bloviating about “low inflation” and a “tight labor market” …

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BLAME FEDERAL REGULATION: If you bought a Whirlpool, Maytag, GE or any other dishwasher manufactured and sold in the U.S. in the last five years, you could be waiting up to four hours before that washing cycle stops. Even then, there’s no guarantee your dishes are clean.

But the Trump Administration’s deregulatory process offers hope. via insidesources: Weeks of comparing models with all kinds of fancy features. A spreadsheet filled with manufacturer guidelines, specifications, and descriptions of what gets washed in each kind of cycle. More weeks spent …

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How Overheated Is The Stock Market?

via UPFINA: On Twitter we had a conversation with the viral @StockCats on how overheated the stock market is, where stocks have moved up too fast and sentiment is too high. On the one hand, stocks have had a remarkable year. …

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Earnings Calendar for the week ahead (all times ET)

by yohansolo20 Monday Earnings: Citigroup, Wintrust Financial, J.B. Hunt 8:30 a.m. Empire state survey 8:50 a.m. New York Fed President John Williams Tuesday Earnings: Goldman Sachs, J.P. Morgan, Wells Fargo, Johnson & Johnson, Charles Schwab, Domino’s Pizza, CSX, United Airlines, First …

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