DONALD TRUMP: We will take the House, we will take the Senate, and then a Republican president will make a triumphant return to the White House. . . . and I wonder who that will be.

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“[A] Republican president will make a triumphant return to the White House. And I wonder who that will be? I wonder who that will be? Who, who, who will that be? I wonder.” Said Donald Trump, near the end of his CPAC speech yesterday (transcript). There’s coy cuteness in the repeated “wonder” and the repeated … Read more

This is science. Don’t be a science-denier, folks.

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FLASHBACK: Trump would have won 311 Electoral Votes if media wasn’t biased: Survey. “The liberal media’s efforts to hide Joe Biden-related scandals from voters and bury good news about the Trump administration cost the president the election, according to two new voting surveys. Had voters known about troubling issues swirling around the Democrat and some of the … Read more

JUDGES NOT BUYING TRUMP INCITEMENT THEORY:

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“Blame Trump” Defense Not Working Out Well For Rioters. More than 250 people have been charged thus far as a result of the January 6th riot on Capitol Hill. Most are facing multiple, serious felony charges that could result in lengthy jail terms. More are expected to be arrested as the investigation continues. One thing … Read more

It is house price pumping season in the UK yet again

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by Shaun Richards The weekend brought some familiar economic news from the UK which has had a familiar effect. UK homebuilders (Persimmon, Taylor Wimpey, Barratt) at top of FTSE 100 today +5% ahead of #UKBudget and reports of a new mortgage grtee scheme ( @CNBCJou ) The Financial Times took a slightly different tack and left us … Read more

Warren Buffett warns of ‘bleak future’ for debt investors. Bonds are not the place to be these days’…

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The end of the party looms for markets high on stimulus. An economic boom could make last year’s gains go flat for investorshttps://t.co/JZOT9Le8mb • #WarrenBuffett warns of ‘bleak future’ for debt investors. Bonds are not the place to be these days’…https://t.co/ml4Iwwu6cO https://t.co/cmg0nvBk4G pic.twitter.com/F0Qc2qGShW — Mo Hossain (@MoHossain) March 1, 2021

After Buffett, Charlie Munger compares Bitcoin to louse and suggests it will fail

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by thefoodboylover https://digesttime.com/2021/02/28/after-buffett-charlie-munger-compares-bitcoin-to-louse-and-suggests-it-will-fail/ ​ Charlie Munger, a famous investor and vice president of Berkshire Hathaway, followed in the footsteps of Warren Buffett by harshly criticizing Bitcoin at the Daily Journal Corporation’s annual meeting on Wednesday, February 24. In one of his statements, he quoted English writer Samuel Johnson when asked what was worse: Bitcoin or Tesla: “Sir, … Read more

All P/Es are not created equal – Lowe’s vs Home Depot

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by vipnasty https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/all-pes-are-not-created-equal This article is a little dated, but very relevant to investors starting out. All too often I’ll see comments indicating it isn’t good “value” based on some arbitrary P/E. A company can appear to be more “expensive”, but still generate better returns than a similar company that trades at a lower P/E, … Read more

Sugar Rush! Why The Economy Will Run Hot, Then Crash.

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by Lance Roberts The expected “sugar rush” from more stimulus is why the economy will “run hot” then crash. As every parent knows, giving a child too much “sugar” leads to a “rush” of energy. Then comes the crash, where you find them in some odd place taking a nap. The Coming Economic “Rush” Recently, JP Morgan joined the rest … Read more

Can President Biden Avoid A Critical Metals Crisis?

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By Ag Metal Miner President Joe Biden’s latest executive order seeks to secure a variety of important supply chains. For example, in one higher-profile case, General Motors recently announced it would extend downtimes at several plants as a result of a semiconductor shortage. As we’ve noted in our Rare Earths Monthly Metals Index (MMI) series, rare earths supply has … Read more

Worst for Stocks Over?

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by Matthew Levy, CFA Is the worst of what the last few weeks brought over? February started off with so much promise, only to be ruined by surging bond yields. The way that bond yields have popped has weighed heavily on growth stocks. Outside of seeing a minor comeback on Friday (Feb. 26), the Nasdaq dropped … Read more

Stimulypto! Atlanta Fed GDPNow At 8.8% With U-5 Unemployment Rate At 7.4% (Federal Debt Up 3x Since Housing Bubble Peak In 2005) Inflation Coming!!!

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by confoundedinterest17 The US economy is growing at a scalding pace (8.8%) according to The Atlanta Fed’s GDPNow real-time tracker. That is over twice as high as real GDP growth in prior decades. True, the uunemployment rate is at 7.4% which was where it was at in 2014, the second year of Obama’s Presidency. While Congress and the … Read more

The Great Rotation out of large cap growth and mega cap tech has begun.

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It is more than a shift from growth to value style investing. The Great Rotation is a move out of overvalued long duration equities and fixed income securities and into undervalued commodities and basic resource stocks. pic.twitter.com/fvveNFQIWa — Kevin C. Smith, CFA (@crescatkevin) March 1, 2021 Investors have implicitly understated hurdle rates and overestimated growth … Read more

ARK has taken a few obscure stocks, bought huge quantities of shares, and driven up the prices to extreme valuations. There is no way to exit those positions without collapsing the prices. It is one big house of cards ready to fall.

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ARK has taken a few obscure stocks, bought huge quantities of shares, and driven up the prices to extreme valuations. There is no way to exit those positions without collapsing the prices. It is one big house of cards ready to fall. — jaberwock (@jaberwock2) February 28, 2021 Stocks won’t collapse until this thing sees … Read more

Berkshire Hathaway beats Q4 EPS Consensus by 42.3%, repurchases $24.7 billion in shares, and continues repurchases this year

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https://www.investopedia.com/berkshire-hathaway-earnings-4q2020-annual-letter-5114383#:~:text=Earnings%20per%20share%20(EPS)%20were,%2C%20up%20by%2024.6%25%20YOY. This is huge! Here’s the annual letter: https://www.berkshirehathaway.com/2020ar/linksannual20.html The coolest thing is that despite selling some Apple stock, BRK shareholders’ percentage ownership of Apple actually increased from 5.2% to 5.7%! Also, even though he states that $KHC was trading at less than carrying value at year end, the stock has since rallied. It now … Read more

Ron Paul: We live in unprecedented times of governmental, bureaucratic and authoritarian overreach. It is no surprise that The Federal Reserve, with its extreme counterfeiting of money and credit, has also extended itself way beyond what anyone could have imagined.

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STEEL PRICES 👀 👇👇👇 pic.twitter.com/fpFcqJQK5O — Win Smart, CFA (@WinfieldSmart) February 28, 2021 $RUT pic.twitter.com/ugixG2yiSY — Álvaro Oviedo (@alvoviedo) February 27, 2021 "The major financial institutions in the US and around the globe are utterly opaque; and The next financial crisis will happen faster, more suddenly." –Paul Singer — Dave Collum (@DavidBCollum) February 28, 2021 … Read more

Why The Housing Market Could Decline

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by UPFINA In the next few months, the housing market is going to cool off because more supply will come on the market, rates are rising, and the trend of people moving to the suburbs is going to partially reverse. Single family housing benefited from the virus. Once the pandemic is over, we will see some … Read more