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

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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 refis. The new fee goes into effect Sept. 1. If you have a refinance in … Read more

Unusual Options Activity: OXY

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Just saw this on the CNBC ticker, someone made a huge bet on OXY to recover. “About 8,000 by 12,000 of the November 16 and 20-strike calls traded respectively for a net price of about 60 cents per contract,” Michael Khouw, chief investment officer at Optimize Advisors, said Monday on “Fast Money.” In total, that’s … Read more

Lessons from the Japanese asset bubble in the 80s

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by Artikash For those unfamiliar, the Japanese stock and property markets by 1989 had run up to absurd valuations (the Nikkei 225 hit a Shiller CAPE of 80) and then collapsed, never to recover. I used to think this massive bubble proved you can’t just buy and hold ignoring all fundamentals and valuations, but recently … Read more

Wow! With another USD 1.5 trillion in fiscal #stimulus the US budget #deficit could reach a staggering 27% of #GDP this year, more than during WOII.

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Wow! With another USD 1.5 trillion in fiscal #stimulus the US budget #deficit could reach a staggering 27% of #GDP this year, more than during WOII. ht @SoberLook pic.twitter.com/IuA8pRY9Fk — jeroen blokland (@jsblokland) August 18, 2020 The debt spiral the US, China, Japan, & the EU are in all stems from this simple realization (productive … Read more

Stock valuations have been this high only three times in history. What happened next should give investors pause

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Stock valuations have been this high only three times in history. What happened next should give investors pausehttps://t.co/a64CuOiaez #valuation $spx $spy #investor #fed h/t @tracyalloway @hussmanjp @ennovance pic.twitter.com/grlJoL6mOe — Mo Hossain (@MoHossain) August 18, 2020 The percentage of global fund managers who believe most asset classes are overvalued has risen to the highest level since … Read more

THE CENTRAL BANK IS FINISHING WHAT THEY STARTED IN 1913

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by Mac Slavo of SHTFplan The Federal Reserve is actively trying to destroy the dollar, which was the plan when they started enslaving humanity in 1913. The goal has always been to own the world through the debt-based monetary system. Now that the central bankers have admitted to working on the digital dollar, that will be tracked and traced and … Read more

Barr will ask court to shut down ALL discovery into Clinton email issue and DEFENDS Obama State’s handling of Clinton emails.

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OUTRAGE: Rather than appeal court shutdown of Clinton testimony, Barr @TheJusticeDept just told @JudicialWatch it will ask court to shut down ALL discovery into Clinton email issue and DEFENDS Obama State's handling of Clinton emails.@RealDonaldTrump should ask who runs DOJ. https://t.co/K2bPVABAoQ — Tom Fitton (@TomFitton) August 18, 2020

Alternate headline: The Fed’s actions have set up for the best selling opportunity since just before the GFC. The clock is ticking.

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https://twitter.com/NorthmanTrader/status/1295694723080953857 “.. August is on track to be the third month of the past four where insider selling exceeded $15 billion, TrimTabs said. Insider selling is at a pace unseen since 2006.” https://t.co/l4WH07YKzQ — Carl Quintanilla (@carlquintanilla) August 18, 2020 See https://www.cnn.com/2020/08/17/investing/insider-selling-stocks-market/index.html New York (CNN Business)US stocks are on the cusp of a remarkable feat: setting … Read more

As violence increases in demorat-run Philadelphia, leaders want residents to turn in their guns

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by DCG I’m sure the criminals will get right on that request… Shocker, not: We’ve got another demorat-run city that is experiencing an increase in crime. CBS Philly reports that 259 people have been murdered so far this year, a 31% increase from this time last year. The city council held an emergency meeting last week to come up with … Read more

Sara Carter: Chinese Citizens Recruited By CCP To Operate As Pro-Biden Online ‘Troll Army’ To Influence 2020 Election

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White House trade advisor Peter Navarro told CNBC Squawk Box hosts that China is recruiting and paying over a million citizens to monitor and influence the U.S. 2020 presidential election process Monday. He described the Wu Mao army, as an online “troll army” aimed at getting presumptive Democratic presidential nominee Joe Biden elected in November. … Read more

Fundamentally Speaking: Earnings Don’t Support Bullish Thesis

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by Lance Roberts With the second quarter of the 2020 reporting season mostly behind us, and with markets testing “all-time” highs, do earnings support the bullish thesis? Such is the fundamental question surrounding the debate over the record deviation between “momentum” and “growth.”  No Real Surprise As we stated before the earnings season began, the annual “beat the estimate” game would, as … Read more

Trump to call Biden ‘most dangerous’ candidate in a lifetime, ‘Trojan horse for socialism’

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Watch the latest video at foxnews.com President Trump called Joe Biden a “Trojan horse for socialism” on Monday, in an escalation of attacks against the former vice president as the Democratic National Convention gets underway, calling the 2020 “the most important election we’ve ever had.” “Joe Biden is just a Trojan horse for socialism,” Trump said in Oshkosh, … Read more