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Angry Foreigner on paying high taxes in #Sweden and what the Swedish people get back, which is essentially nothing. We have some of the highest taxes in the entire world and we can’t even take care of our own people – yet we’re praised globally for making socialism work. Even though reality in Sweden – … Read more
Summary The globalised economy has become more complex (connectivity, interdependence, and speed), de-localized, with increasing concentration within critical systems. This has made us all more vulnerable to systemic shocks. This paper provides an overview of the effect of a major pandemic on the operation of complex socio-economic systems using some simple models. It discusses the … Read more
via economicprism The economic consequences of coronavirus are quickly piling up like garbage along the streets of Los Angeles. Breaking supply chains, closed Chinese factories, iPhone disruptions, and massive shortages of Chinese made products. These developments will most definitely get worse before they get better. The economic impacts will be devastating. As China flatlines, and first quarter GDP … Read more
by Martin Armstrong QUESTION: Marty, what do you tell your son when some of the greatest people in business were all dropouts from Sidney Weinberg of Goldman Sachs who was known as Mr. Wall Street, Henry Ford, Bill Gates, Steve Jobs, Michael Dell, Walt Disney, Richard Branson, and the list goes on? Having a degree does … Read more
https://www.youtube.com/watch?v=2Su49085uLY The [DS]/D’s/MSM they are now lashing out, screaming on social media, they know what is coming. They tried to push a Russian hoax today but it failed within 24 hours. The storm is here, prepare, it’s time to bring down the corrupt system, we are ready, we have more than we know, tick tock … Read more
Rep Matt Gaetz is on fire – the cackling harpies of The View are left speechless: BOOM! Matt Gaetz Joins The View and Opens Segment Lamenting Death of the Left!! Hah-Hah! Rep. Matt Gaetz (R-FL), a Trump favorite, joined the ladies of the far left The View today to discuss politics. Right out of the … Read more
by RebornAsBear Here is the approximate dollar power each of these largest institutions has: State Street ($28 trillion Assets under Administration): https://en.wikipedia.org/wiki/State_Street_Corporation JP Morgan Chase ($25 trillion AUA): https://en.wikipedia.org/wiki/JPMorgan_Chase Northern Trust ($11 trillion AUA): https://www.northerntrust.com/europe/pr/2019/northern-trust-appointed-by-introspect-for-custody-and-brokerage Blackrock ($7.4 trillion AUA): https://en.wikipedia.org/wiki/BlackRock Vanguard ($6 trillion AUA): https://about.vanguard.com/who-we-are/fast-facts/ Fidelity ($6.6 trillion AUA): https://www.pionline.com/article/20190221/ONLINE/190229952/fidelity-sees-record-revenue-operating-income-despite-dip-in-aum Charles Schwab ($4 trillion AUA): https://www.brokerage-review.com/investing-firm/assets-under-management/charles-schwab-aum.aspx Bank of America ($2.5 trillion AUA): http://investor.bankofamerica.com/news-releases/news-release-details/bank-america-shareholders-approve-merrill-lynch-purchase#fbid=J18oG-Gz92P … Read more
by essentialinvitation Just wanted to share the news that treasury bonds are hitting new lows. This and movements in gold may suggest that people are flocking to safety: https://www.marketwatch.com/story/30-year-treasury-bond-yield-breaks-to-all-time-low-as-coronavirus-fears-lift-havens-2020-02-21 Key takeaways: The 10-year Treasury note yield TMUBMUSD10Y, -2.34% was down 3 basis points to 1.495%, the lowest since last September, while the 2-year note rate … Read more
by bdebenon Disclaimer: Consult your financial professional before making any investment decision.
by JRzhutou $AMRN ‘s medication Vascepa got FDA approved mid December last year and is the first FDA approved drug to reduce cardiovascular risk among patients with elevated bla bla suck suck. In other words, boomers will gobble on this pill like on their fucking 2% yearly gains all day long. AMRN main competitors have have … Read more
https://twitter.com/anilvohra69/status/1230613315321090049 I used to think the most expensive words on Wall Street were “this time is different.” Now I’m thinking they might be “it’s contained.” Ben Bernanke lives on!! — Jim Bianco (@biancoresearch) February 20, 2020 could be important pic.twitter.com/E8NvCipw35 — 📈 Len Kiefer 📊 (@lenkiefer) February 20, 2020 Conference Board Leading Economic Index Picked … Read more
Bloomberg spent more of his own money in a month than the others (ex-Steyer) will make in their entire lives pic.twitter.com/6HQScWfEuz — The Long View (@HayekAndKeynes) February 20, 2020 Let's Get Mikey To Buy It! #Election2020 #democracy2020 or #Oligarchy 2020? #DNC to the highest bidder, Just Like In 2106 when #HillaryClinton bought the nomination. As … Read more
https://twitter.com/othersideam/status/1230294597181607937 Amazing stats on $SPCE:-134 million shares traded-$12 intraday swing -Selling at 1,600 times revenue Congratulations to Jay Clayton! This is your legacy. pic.twitter.com/HFgxuepuya — TC (@TESLAcharts) February 20, 2020 Virgin Galactic's stock is having a wild day: – up earlier nearly 14% to a record high of $42.49– down now over 17% to a … Read more
Remember the Panama papers? Well they are finally about to hold someone accountable. A German businessman charged with tax evasion and money laundering offenses following the publication of the Panama Papers investigation will plead guilty in New York, federal prosecutors said. Harald Joachim von der Goltz, a former U.S. taxpayer, was indicted in December 2018 on charges that … Read more
by salvia_d Here is a perfect example of what’s wrong with our societies. One of the most influential – in Wall Street and the western political sphere – is calling for more “Regime” change in Iraq. Anyone want to guess who the real authors of this rag are? https://archive.is/nUBfq#selection-573.0-577.747 The United States faces an increasingly urgent … Read more
via rushlimbaugh RUSH: Now, look. I have a theory, folks, I want to share with you on Russia, Russia, Russia, Russia Russia, Russia. They’re not letting this go. As much as we think it’s asinine and silly and stupid, they are not letting go of it. The Drive-Bys, the deep state, the Democrats, they are not letting … Read more
After reading the article, it’s not as much about seceding from the US as it is about restructuring their boundaries. While I see several issues with doing this (the first example that comes to mind: how do all the unfunded liabilities, such as extravagant pensions, get divided up?) I can see where this discussion is … Read more
Mike & Half Dollar are your hosts for Silver Doctors Live. We currently live-stream on Mondays, Wednesdays and Fridays at 11:00 a.m. EST. Watch the show live, or the replay of it, in its entirety below! Link to the Silver Doctors YouTube Channel if needed: https://www.youtube.com/silverdoctors Using an example out of New York City, we clearly see that even … Read more
by Simon Black Warren Buffett’s holding company, Berkshire Hathaway, didn’t outperform the S&P 500 last year. Berkshire Hathaway grew slightly in 2019, but its performance lagged far behind the S&P 500 stock market index. That’s an anomaly for Buffett. He’s handily outperformed the S&P 500 for decades, endearing himself to millions of investors along the way. … Read more
