1/Americans get addicted to #consumption 2/#Manufacturing goes overseas for cheap #labor/trade deals 3/The US imports cheap goods in exchange for #dollars (creates deficit) 4/Foreign countries take excess dollars & buy US #debt (#treasuries) 5/Debt demand suppresses #interestrates 6/Low interest …
@claireeboston $TSLA 5 year cds blowing out at 658 basis points. This isn’t a list you want to be on: Just don’t look at Q2! $TSLA
NOW THAT’S REAL SOCIALISM: Venezuela Inflation Could Reach One Million Percent by Year’s End. Everyone knows you never go Full Zimbabwe. Plus, this friendly reminder that the only thing socialist states never run short of is zeros. GOOD ADVICE: Don’t Underestimate the …
VIDEO: Saying ‘Constitution’ triggers Nancy Pelosi face spasm The Constitution is like a noxious fart to some liberals. The House Minority Leader suffered a face spasm as she attempted to say the word. Watch: MYSTERY: Was Hillary wearing ‘Life Alert’ …
Authored by Mike Shedlock via MishTalk, “The affordability crisis may have reached a breaking point in Portland, San Jose, and Seattle,” said Redfin CEO Buyer Fatigue Redfin notes June Home Prices Rose 5.7% Year Over Year; Smallest Increase Since December 2016. …
David Rosenberg: Strip out the 17% ($4 tln of market cap!) of the market that is Facebook, Microsoft, Apple, Amazon, Netflix and Alphabet, and the market has barely budged this year. This is the most concentrated market since the dotcoms; …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Now, 10 months later, do they even know about it? Don’t laugh…. Consumer credit bureau Equifax disclosed very belatedly last September that it had been hacked, and that the crown jewels of personal data – including social security …
by Throwaway_4_opinions So to spare you the link Motley fool is trying to get people onboard by promoting an up and coming cord cutting service. Of course they arent telling what it is so you get on their money wagon. …
by SuperCharged2000 None other than James Comey. Isn’t that interesting… Guess who was transferred in to the Internal Revenue Service to run the Tax Exemption Branch of the IRS? Lois Lerner. Now, that’s interesting, isn’t it? It gets …
This faked interview of @Ocasio2018 by @CRTV has nearly 1 million views on Facebook. In less than 24 hours. Interview didn't happen. It takes clips from @MargaretHoover's show and edits in faux questions. Not labeled satire (other than a 😉 …
I wonder when will be the day where a lawyer uses P.C. points to get a killer off by claiming that scientific proof provided in a case is racist instead of scientific. As you can see in the info graphic, …
That pile of cash is the Venezuelan equivalent of one US dollar. Behold the power of socialism. pic.twitter.com/fvo6vEb4sT — Cam Edwards (@CamEdwards) July 24, 2018 Today’s youth don’t want Venezuela-style socialism. They just want free college, healthcare, food, housing, guaranteed …
by Simon Black I’ve been talking a lot about the looming pension crisis… My short thesis is, if you’re depending on a pension for your retirement, it’s time to start looking elsewhere. Pensions are simply giant funds responsible for paying out …
by Chris Black Another day in the empire, another example of vibrant diversity (our strength, remember that) and tolerance. We just got word about an alleged member of the “Proud Boys” getting beat up by a mob of angry …
by SP Peter Koenig at The Saker Blog looks at the wreck that Trump is making of the global commerce status quo. Where as we assumed he was more of a bull in the china shop, perhaps it is something very different. …
Student Loan Debt not just a U.S. problem. Since I graduate back in 2006, U.K. student loan debt has seen a 5 fold increase from $20b to $100b. Bear in mind this was just 12 years ago. BBG: Official data …
It’s all fun and games until you lose your job. https://youtu.be/4N0Bc-MBwNM The New York Daily News announced massive layoffs to its editorial team on Monday. Its parent company Tronc reportedly ordered 50 percent cuts for a new focus on breaking …
scientists have developed a revolutionary method that quadratically accelerates artificial intelligence (AI) training algorithms. This gives full AI capability to inexpensive computers, and would make it possible in one to two years for supercomputers to utilize Artificial Neural Networks that quadratically …
We are now in month 110. What happens next? Chart via @NorthmanTrader h/t @OccupyWisdom
Jimmy Dore can be pretty hit or miss but he’s still the man. Good video about how many of the unelected officials responsible for the iraq war, libya, and are still in power…. h/t blobblobbed
by John Rubino For maybe the best example of how financial trends are diverging at the opposite ends of the wealth spectrum, contrast the cash flowing into the accounts of the already-rich with the debt accumulating in the accounts of …
via DANIELLE PARK While stock bulls talk up a “strengthening” economy, consumer spending growth (which drives 70% of GDP in America) has fallen to a 4 ¼-year low even before rising trade tariffs are noted in backward-looking data. Wall Street is …
by Chris Black If you’re reading the alternative media (also known as the real media) constantly, you’re probably aware of the fact that world’s tech giants are currently engaged in an unprecedented campaign of censoring free speech on their platforms. …
via Elena Popina and Lu Wang Rarely does a day go by in the U.S. stock market without someone decrying its addiction to gains in the FANG bloc of tech megacaps. Now, in the middle of earnings season, their support has gone missing, and the result …
by Martin Armstrong The the first debt bankruptcy of a major corporation in China has now taken place here on schedule in 2018. This first bankruptcy of a major corporation was due to over-indebtedness which occurred in the current year. The South …
LAS VEGAS (KTNV) – Overbilled and underserved. That’s how a local family describes their recent visit to a hospital emergency room. Chief investigator Darcy Spears reports on why the family says they got better medical care at a gas station. …
by Geoffrey Grider Republicans are encouraged by the rise of democratic socialism — for a far different reason. They have seized on what they view as a leftward lurch by Democrats they predict will alienate voters this fall and in …
via Tae Kim | @firstadopter Tesla shares will fall dramatically the rest of this year due to its high valuation and rising competition, according to J.P. Morgan. The firm reaffirmed its underweight rating on Tesla shares, saying other automakers may price their electric cars …
Ever wonder why we’re extreme debtors? #studentloans #autoloans #creditcards The dollar went from #money (#gold) to #currency (debt) in 1971. Look what happened afterwards. #FixTheMoneyFixTheMisery h/t @OccupyWisdom
Financial and precious metals expert Egon von Greyerz (EvG) vaults gold for clients at two secret locations on two continents. EvG is sounding the alarm about record breaking global risk and warns, “With this risk, people have to take insurance. …