Ebay Will no Longer Using Paypal For Transactions

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by wsb_roulette I own an eBay company so I know just how much this means for eBay. This is HUGE for them. What’s happening: So up until now, each and every transaction made on eBay was processed through Paypal. Ebay took 10% per transaction and Paypal took an additional 2.9% + $0.30 per transaction. However, eBay … Read more

[NYTimes] Sources describe horror stories of young and inexperienced investors on Robinhood, many engaging in riskier trades at far higher volumes than at other firms

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https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free. Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to … Read more

Tracking by JPMorgan of 30 million credit/debit cardholders shows spending has stalled since late June; with activity widespread across states, data suggest it may be difficult for risky assets to rise much further

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Tracking by @jpmorgan of 30 million credit/debit cardholders shows spending has stalled since late June; with activity widespread across states, data suggest it may be difficult for risky assets to rise much further pic.twitter.com/8KO5yk2LPr — Liz Ann Sonders (@LizAnnSonders) July 10, 2020 Coronavirus will cost banks over $2 trillion in loan losses: S&P Global https://t.co/0MshA5cNbO … Read more

Nasdaq gets the kiss of death

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https://twitter.com/anilvohra69/status/1281427148297826305 This rally is ALL tech. While 76% of NASDAQ 100 members are above their 200 dma, less than 40% of S&P members are above their 200 dma. Tech is trying to lift up the index, other stocks aren't participating. This has pushed the gap in breadth to an all-time high. Worrisome? pic.twitter.com/tqMtoc4boA — SentimenTrader … Read more

Equity outflows continue, $248B of liquidity withdraw in the last 4 weeks, global industrial stocks are sprinting back to the lows in relative terms.

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equity outflows continue pic.twitter.com/QVOHjfHp80 — Alastair (@StockBoardAsset) July 10, 2020 Global industrial stocks are sprinting back to the lows in relative terms. At these lvls, industrials are telling you that ISM New Orders are way too high. This return to expansion should be a brief one. Bond yields are telling you exactly the same thing. … Read more

Plain and simple. What happens if the Fed keeps doing QE? Gold, silver & miners will explode to the upside. If they stop? Stocks will collapse.

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Plain and simple. What happens if the Fed keeps doing QE? ▪️Gold, silver & miners will explode to the upside. If they stop? ▪️Stocks will collapse. Buy gold & sell stocks. pic.twitter.com/QwEGGQpSt2 — Otavio (Tavi) Costa (@TaviCosta) July 8, 2020 Buy gold & sell stocks. H/T @Nysedaytraders pic.twitter.com/mhOueoBjQd — Otavio (Tavi) Costa (@TaviCosta) July 8, … Read more

You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody

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by Charles Hugh-Smith As the inverted pyramid collapses, the effects will be non-linear. Round about late March, we entered a Financial FantasyLand in which all the sins and excesses of rampant financialization were going to be painlessly washed away. Mever mind the entire U.S. economy is an inverted pyramid of balance-sheet “value” and debt resting on … Read more

Asset Class Risk and Return Over the Last Decade (2010-2019)

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by visualcapitalist The Importance of Asset Classes Asset allocation is one of the most important decisions an investor can make. In fact, studies have found that the percentage of each asset type held in a portfolio is a bigger contributor to returns than individual security selection. However, it’s important for investors to select asset classes that … Read more

Exhausted cities face another challenge: a surge in violence.

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via apnews: NEW YORK (AP) — Still reeling from the coronavirus pandemic and street protests over the police killing of George Floyd, exhausted cities around the nation are facing yet another challenge: a surge in shootings that has left dozens dead, including young children. The spike defies easy explanation, experts say, pointing to the toxic mix of issues … Read more

Texas’ Lt.Gov Dan Patrick Says BLM Is A Communist Organization taking over the education system to indoctrinate kids and turn them against their parents

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https://youtu.be/ycTmLSbTIdA Tucker Carlson rips the mask off the Democrat party: He’s gone full constitutional warrior, tackling the Democrat’s cynicism, and calling out the dual leftist practices of violence and censorship. Every day, Carlson is better than the day before CLOWN WORLD: Study Finds 92% Of Leftist Are Actually Basement Dwelling Adult Children A Study Found … Read more

Before Don Lemon sold his soul…

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https://twitter.com/MarkDice/status/1281044736237682688 Major Democrat media figurehead and CNN golden goose Don Lemon’s recent interview with Hollywood star Terry Crews was a complete and utter catastrophe for the Black Lives Matter narrative.  

Demand Crash Led To Biggest Monthly Surge in US Oil Inventories Since 1920

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By Tsvetana Paraskova The oil demand crash in April, when most of America was under stay-at-home orders, resulted in the biggest monthly inventory jump in U.S. commercial crude oil inventories in data going back to 1920, the U.S. Energy Information Administration (EIA) said on Thursday. In April, U.S. commercial crude stocks soared by 46.7 million barrels, or … Read more

Has the Dollar Peaked with Eric Hadik

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from Financial Survival Network Eric Hadik returns… It appears that the US Dollar has peaked. Metals prices will be going up, especially silver. We saw silver go to multi-year lows but Eric believed that after the second quarter of 2020, silver would become the leader and would advance rapidly. This trend will continue through at least the second … Read more

WOW! Long-Time Dem Makes Shocking Admission That Will EMBARRASS Every Liberal America

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https://www.youtube.com/watch?v=198oi6-6uzc David Krayden from The Daily Caller reports, Civil rights attorney Leo Terrell pounded the Democratic National Committee (DNC) Friday for playing the “race card” with Mount Rushmore and equating the iconic monument to “white supremacy.” Read More/Source/Credit/FairUse: https://dailycaller.com/2020/07/04/leo-terrell-embarrassed-democrat-dnc-race-card-mount-rushmore-white-supremacy/

Warning: The Current Economic Meltdown Will Trigger The Biggest Housing Market Crash In History

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https://www.youtube.com/watch?v=Ie8c-aqU08s For many years, in the United States a house was a necessity for every family; it was a need but in recent decades, the elites have turned houses into speculative assets. Because of this, it is now possible for people to bet on houses just like the stock market and this is what is … Read more