China: Deja vu all over again

China’s Summer Grain Acquisitions Fell, but State Reported Grain Harvest Was “Highest in History” Chinascope A government report showing the progress of summer grain acquisitions, released on Wednesday August 12, showed that wheat purchases in regions including Hebei, Jiangsu, Anhui, …

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THE ECONOMIC DAMAGE OF RIOTING LASTS FOR DECADES:

via americanexperiment: How might the riots be responsible for these outcomes? The National Bureau of Economic Research suggests a number of ways: Property risk might seem higher in central city neighborhoods than before the riots, causing insurance premiums to rise; taxes for income …

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Nvidia hurdles $300 billion market cap, which Intel hasn’t topped since the dot-com bust

https://www.marketwatch.com/story/nvidia-hurdles-300-billion-market-cap-which-intel-hasnt-topped-since-the-dot-com-bust-2020-08-17 Nvidia Corp. is worth more than $300 billion for the first time as 2020 continues to be a watershed year in the semiconductor industry for companies not named Intel Corp. The $300 billion level is a tough one even …

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When history is written, the Fed will go down as one of the most destructive enablers of fiscal malfeasance, inequality, greed, misallocation of capital, Bubbles, and reckless disregard of responsibility

When history is written, the Fed will go down as one of the most destructive enablers of fiscal malfeasance, inequality, greed, misallocation of capital, Bubbles, and reckless disregard of responsibility@ericrosengren @RobSKaplan @neelkashkari @marydalyecon @RaphaelBostic pic.twitter.com/NrQ0NJuf24 — M/1_LP (@MI_Investments) August 18, …

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Fannie Mae + Freddie Mac adding a “Adverse Market Fee” for all refinances starting Sept 1

by outwiththenoise   https://www.marketwatch.com/story/refinancing-your-mortgage-will-cost-more-thanks-to-a-new-fee-from-fannie-mae-and-freddie-mac-2020-08-13 Quick snippet from the first paragraph in the article: Fannie Mae and Freddie Mac announced Wednesday evening that they will now be charging a 0.5% adverse market fee on all refinances, including both cash-out and non-cash-out …

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