THE ECONOMIC DAMAGE OF RIOTING LASTS FOR DECADES:

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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 redistribution or more police and fire protection might increase, and municipal bonds may be more … Read more

Coup in Mali right now. Military arrests President and PM

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Malian President Ibrahim Boubacar Keita and Prime Minister Boubou Cisse were detained by mutinying soldiers on Tuesday, sparking fears of a coup. A government source said the two men were in the hands of “rebel soldiers”. “We can tell you that the president and the prime minister are under our control,” the leader, who requested anonymity, told AFP. … Read more

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

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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 for Intel, which last saw a $300 billion market cap back in November 2000 as … Read more

California Discovers When the Wind Don’t Blow, and sun Don’t Shine, LIGHTS OUT!

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Even California’s wokest governor EVER, Gov. Noisome, realized what a failure wind and solar are. California Gov. Gavin Newsom said Monday that the state had to “sober up” about the fact that renewable energy sources had failed to provide enough power for the state at peak demand, and needed “backup” and “insurance” from other sources. Newsom … Read more

Here’s the Communist Joe Biden ad That Nobody Asked for… PERIOD!

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https://www.youtube.com/watch?v=ygfQbT6AaQg Chris Donaldson from Trending Politics reports, The Biden campaign has rolled out a new campaign ad designed to exploit the current state of fear over the coronavirus and it is a preview of the authoritarianism that will be imposed on America if the Dems steal the election. Read More/Source/Credit/FairUse: https://trendingpolitics.com/biden-ca…

USD continues it’s march lower… falls to a two-year low

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USD continues it's march lower… pic.twitter.com/Lcmn8gQSuk — Win Smart, CFA (@WinfieldSmart) August 18, 2020 The dollar falls to a two-year low $GLD https://t.co/BJMVNd6kXA — Win Smart, CFA (@WinfieldSmart) August 18, 2020 #Gold or #Stocks? https://t.co/Dkkk1efymg — Win Smart, CFA (@WinfieldSmart) August 18, 2020 CURRENCY DEBASEMENT CYCLES $GLD pic.twitter.com/bE5tbCRXSi — Win Smart, CFA (@WinfieldSmart) August 8, … Read more

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

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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@ericrosengren @RobSKaplan @neelkashkari @marydalyecon @RaphaelBostic pic.twitter.com/NrQ0NJuf24 — M/1_LP (@MI_Investments) August 18, 2020 https://twitter.com/othersideam/status/1295811407393501185 At the heart of today's Fed – a Fed that seeks to micromanage … Read more

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