Entirely possible that we’ll see low interest rates forever, asset manager says [Alternative: economic & financial systems so fragile now that next crisis causes systemic collapse]

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https://www.cnbc.com/2021/11/15/gam-entirely-possible-that-well-see-low-interest-rates-forever.html Interest rates could remain at their record lows “forever,” according to one asset manager, despite a recent rush to normalize policy by many of the world’s central banks. GAM Investments’ Julian Howard told CNBC’s “Squawk Box Europe” last week that he believed it was “entirely consistent historically to talk about low rates forever.” ………..He … Read more

China overtakes US in global wealth race

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China has overtaken the US as the nation which has amassed the biggest net worth as global wealth surges, a fresh report by McKinsey & Co suggests. China’s wealth skyrocketed over the past two decades, the consulting company said according to Bloomberg, explaining that its net worth increased by a whopping 17 times from $7 … Read more

BREAKING: Riots at Polish / Belarus Border

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The riots at the Kuznica-Bruzgi checkpoint are being broadcast live on the Belarusian state TV. It is openly cheering and rooting for the rioters. pic.twitter.com/yThrwR93Rf — Tadeusz Giczan (@TadeuszGiczan) November 16, 2021 Unsurprisingly the attack ended in nothing. Belarusian soldiers escorted the migrants from the checkpoint back to the old forest camp. As a result … Read more

Transitory? US Export Prices Soar By 18% YoY (Exporting Inflation To The World!)

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by confoundedinterest17 I wonder if Biden’s Press Secretary Jen Psaki will argue that inflation is transitory … again? Well, the US is exporting inflation to our trading partners. US Export Prices by end use rose 18% YoY. Of course, with the Biden Administration shutting down energy pipeline and drilling, it is not surprising. Then we have … Read more

Biden’s Infrastructure Plan Points to Even More Price Inflation

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by Daniel Lacalle via Mises What is the worst thing a government can do when there is high inflation and supply shortages? Multiply spending on energy and material-intensive areas. This is exactly what the US infrastructure plan is doing and—even worse—what other developed nations have decided to copy. If you thought there were problems of supply and difficulties to … Read more

“We are in an authoritarian state and don’t even know it.”

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“Certainly the United States, with today’s condition, you can easily have an authoritarian,” says artist and activist Ai Weiwei — who challenged China and became a political prisoner. “In many ways, you are already in the authoritarian state. You just don’t know it.” https://streamable.com/2psfrx Certainly we do here, but this is targeted more for the … Read more

When you don’t punish the guilty, you punish everyone….

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PRIVACY? YOU DON’T NEED NO STINKING PRIVACY!  Texas high school removes bathroom doors due to safety concerns. GOODER AND HARDER, CALIFORNIA: Safeway In Castro Cuts Hours Due To ‘Off The Charts’ Shoplifting; ‘It’s Sad, Upsetting And Frustrating.’ Earlier: Here’s Why San Francisco is Experiencing a Shoplifting Surge That’s Putting Some Stores Out of Business. It doesn’t take a … Read more

LET’S GO, BRANDON! Trust in media evaporates, with many believing coverage is too easy on Biden.

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Trust in political news has hit another low, with most voters, even Democrats, believing the media were more aggressive in coverage of former President Donald Trump than President Joe Biden. In fact, according to the latest Rasmussen Reports survey, no demographic has a majority level of trust in the press anymore. https://www.washingtonexaminer.com/opinion/washington-secrets/trust-in-media-evaporates-too-easy-on-biden

“Instead of feeling that you’ve blown the day and thinking, “I’ll get back on track tomorrow,” try thinking of each day as a set of four quarters: morning, midday, afternoon, evening. If you blow one quarter, you get back on track for the next quarter. Fail small, not big.” – Gretchen Rubin

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“Instead of feeling that you’ve blown the day and thinking, “I’ll get back on track tomorrow,” try thinking of each day as a set of four quarters: morning, midday, afternoon, evening. If you blow one quarter, you get back on track for the next quarter. Fail small, not big.” – Gretchen Rubin

They are banking on the fact that a lot of people are low information and only read corporate media headlines….

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MAKE THEM PAY: Rittenhouse ‘Should Be Acquitted,’ Sue Media For ‘Deliberate And Willful Lies,’ Harvard Professor Says. Harvard Law professor emeritus Alan Dershowitz claimed that Kyle Rittenhouse should be acquitted in his murder trial this week, then sue media organizations for smearing him. Dershowitz appeared on Newsmax on Saturday and said that Rittenhouse, who is on trial for … Read more

Friday Lotto Options – How they work

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by HSeldon2020 I realized that I had not actually devoted a post to this – Concept: If a $100 stock has a call option at the strike price of $99, it should be worth $1 – however, since options are almost never at perfect parity, you will have to pay a premium. That premium is … Read more