Breaking news, updates, and reports on current events.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter OK, so we have a phenomenon here that has taken on historically huge proportions in the era of the Everything Bubble (12 minutes):
via Zerohedge: Every six month or so, the Bank of International Settlements, also known as the central banks’ central bank, publishes some dire warning about the increasingly precarious state of the global financial system – largely as a result of an unprecedented monetary experiment that is now pushing on a string – and every six … Read more
by Natura Naturans Democrat 2020 Platform: Everything is Free! The Democratic Primary is no more than a competition over who can give away more free stuff: healthcare, college, cash – you name it, it’s free! Here is a list of the free stuff the Democratic candidates have offered: Free College; Free Healthcare; Cancellation of Student Loan … Read more
by GopherFawkes The money you make earlier in life is more available than the money you will make later in life thanks to compounding interest. Here is a fun made up example of what I mean. You and I are 25. We decide we want to retire at 65. I contribute $500/month from age 25 … Read more
Don’t forget to do a mid-year income tax withholding review to make sure you are having the proper amount of taxes withheld based on your current allowances claimed and how you want to end the tax year (owing, refund, breaking even). You can do it here: https://www.irs.gov/individuals/irs-withholding-calculator h/t Emmie_Lynn
global slowdown pic.twitter.com/pwghR65Za0 — Alastair (@StockBoardAsset) June 30, 2019 global growth has been decelerating since jan 2018 pic.twitter.com/pPnLvLnTfW — Alastair (@StockBoardAsset) June 30, 2019 South Korea exports -13.5% vs. -9.4% last. Shoots# pic.twitter.com/1JlxofC95b — Teddy Vallee (@TeddyVallee) July 1, 2019 *SOUTH KOREA JUNE CHIP EXPORTS DROP 25.5% Y/Y — Teddy Vallee (@TeddyVallee) July 1, 2019 … Read more
He’s right on corporate debt. Crazy sh*t going on for year after year. h/t SpontaneousDisorder
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter More cars and trucks on the road in the US than ever. But usage drops. Saturation everywhere. On the surface, we see this: Total miles driven in April on all roads and streets in the US rose by 2.5%, or by 6.8 billion miles, compared to a year earlier, to 279.3 … Read more
by Charles Hugh-Smith Here is the moral decay of America’s ruling elites boiled down to a single word. There are many reasons why Imperial Rome declined, but two primary causes that get relatively little attention are moral decay and soaring wealth inequality. The two are of course intimately connected: once the morals of the ruling Elites … Read more
by originalmuggins I had a theory last night about what might have gone down in the Trump-Xi meeting, from reading between the lines. When I cite a credible news source I put (FACT). The rest is conjecture. I think that the series of meetings Trump had with business leaders (including Tim Apple) and the … Read more
via Zerohedge: A new study has provided evidence linking unaffordable housing in Vancouver to foreign ownership, Chinese capital and millionaire migrants, according to the SCMP. A white paper published by Josh Gordon, an assistant professor at Simon Fraser University’s school of public policy, found a stunning 96% correlation between metro Vancouver municipalities’ price to income ratios and the proportion … Read more
via Bloomberg: Mental health problems manifest in a number of ways and encapsulate a wide range of conditions, including substance abuse disorders, crippling anxiety, schizophrenia, and suicidality. A person’s susceptibility depends on genetic, social, and environmental factors. These contributors are believed to be intertwined; psychological stressors can activate a genetic predisposition, so life circumstances matter … Read more
In 2007 a handful of people started to wake up. They realized that taking something out of thin air, assigning it the highest rating possible, and then leveraging it to the maximum was a bad idea. Well after the Financial Crisis, we were told that everything had been fixed and that measures were put into … Read more
https://www.youtube.com/watch?v=T7HczbbamGI
by DCG Fun fact about this demorat governor: “He is a private business owner based in Chicago and a managing partner and co-founder of the Pritzker Group and a member of the Pritzker family who own the Hyatt hotel chain; he has an estimated personal net worth of $3.2 billion. Pritzker was the Democratic nominee for governor … Read more
By Nick Cunningham Canada is desperately trying to build the much-delayed Trans Mountain Expansion, but even as it tries to advance the ball on one front, another pipeline has found itself in the crosshairs. Enbridge’s Line 5 pipeline carries more than a half a million barrels of oil and products per day from Alberta, across … Read more
via theatlantic: No novel of the past century has had more influence than George Orwell’s 1984. The title, the adjectival form of the author’s last name, the vocabulary of the all-powerful Party that rules the superstate Oceania with the ideology of Ingsoc—doublethink, memory hole, unperson, thoughtcrime, Newspeak, Thought Police, Room 101, Big Brother—they’ve all entered the English language as instantly recognizable signs of a nightmare future. … Read more
by The18YONormie Let’s state two things first: More and more people are relying on headlines to get all the information. According to this Forbes Article “A recent study confirmed this phenomenon isn’t in our heads; in fact, 59 percent of all links shared on social networks aren’t actually clicked on at all, implying the majority of article shares aren’t … Read more
