Stocks are now trading at their highest PEs since the financial crisis… “Just a little top heavy would you say?”

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https://www.multpl.com/s-p-500-pe-ratio “Just a little top heavy would you say?” “Just a little top heavy would you say?” – @bespokeinvest pic.twitter.com/DN2sXdmm9G — Carl Quintanilla (@carlquintanilla) January 16, 2020 SPY Number of Shares Outstanding Continuing to Rise: McClellan Check out the other instances when this indicator has gone above that upper 50-1 band. You will notice that … Read more

Gravitational Burst waves dectected around Betelgeuse!

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The Laser Interferometer Gravitational-Wave Observatory (LIGO) and Virgo detectors recorded a “burst” of gravitational waves this week, from an area of sky near the red supergiant Betelgeuse. This unanticipated burst has been dubbed, for now, S200114f. It’s prompting some interesting chatter on Twitter because Betelgeuse has undergone an unusual dimming in recent weeks, and some … Read more

Almost 40% of the world’s countries will witness civil unrest in 2020, research claims

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Nearly 40% of the world’s 195 countries will see civil unrest during 2020, according to Verisk Maplecroft. Risk of backlash by security forces is deemed high in countries such as Russia, Saudi Arabia and China. Corporations will be under increased pressure to avoid getting tangled up in this “new normal.” Almost a quarter of the … Read more

A Full Third Of Flint’s Emergency $390 Million Water Funds Did Not Go To Clean Water… It Went To Daycare, Welfare, Economic Development And $50 THANK YOU CHECKS… Meaning It Was Stolen By The Liberal Local Government

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via dailycaller Flint, Michigan, received $390 million in state funding for its water crisis, but as much has gone to economic and social development as has gone to safe drinking water, state spending data show. The funds have paid for free daycare for kids too young to have been impacted by the main crisis, according to … Read more

WeWork’s leasing activity plunged 93% in the fourth quarter after failed IPO attempt

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https://www.cnbc.com/2020/01/16/wework-leasing-plunged-93percent-in-q4-after-failed-ipo-cbre.html WeWork only signed four new leases in the U.S. in the fourth quarter, as the company reeled in expenses following a SoftBank-led bailout. Total space leased dropped to 184,022 square feet from an average of 2.54 million square feet over the previous four quarters. WeWork ceded the top spot in the flexible office leasing … Read more

Investigators With ICE, FBI Reviewing Criminal Allegations Against Ilhan Omar, Report Says

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Via The Daily Wire Investigators with multiple federal agencies are reportedly reviewing evidence of alleged crimes committed by far-left Rep. Ilhan Omar (D-MN) that center around her marital history. TheBlaze reported that toward the end of last year, “the Department of Justice had assigned an FBI Special Agent in Charge, or SAC, to review Rep. Ilhan Omar’s … Read more

Second patient DIES of mystery virus in China amid growing fears the lethal outbreak may spread around the world

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It’s over folks. The 69-year-old man died in the early hours of January 15 in Wuhan  He was admitted to hospital on December 31 with symptoms of the virus  His health deteriorated on January 4 before he died, local media claims  Japan today confirmed its first case of infection from the new coronavirus  A second … Read more

Tesla, Hit by Sagging US Sales, Goes Full-China with Design Center, Loans & Factory

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This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US. By Wolf Richter for WOLF STREET. Tesla doesn’t disclose deliveries in the US, unlike other automakers. It only discloses global deliveries. We have to look at other data to see how Tesla is doing … Read more

CNN to produce documentary about the rise of Fake News!

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by TrailDust BREITBART: HBO TEAMS WITH CNN’S BRIAN STELTER FOR DOCUMENTARY ABOUT THE RISE OF FAKE NEWS By DAVID NG Just a week after news broke about CNN settling a massive lawsuit over its fake news coverage of Covington Catholic High School student Nick Sandmann, WarnerMedia announced Wednesday that CNN’s Reliable Sources host Brian Stelter … Read more

A swarm of asteroids will be barreling past Earth tomorrow

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Four asteroids reaching speeds of up to 27,500mph are expected to swing by Earth one by one in the next 24 hours, NASA’s asteroids trackers have revealed. The asteroids are all heading past Earth on what astronomers have dubbed “close approach” trajectories. NASA’s tracking systems predict the first space rock, Asteroid 2010 AE30, will approach the … Read more

Is the US fiscal stimulus working?

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by Shaun Richards One of the problems of economics is that reality rarely works out like theory. Indeed it is rather like the military dictum that tells us that a battle plan rarely survives first contact with the enemy. However we are currently seeing the world’s largest economy giving us a worked example of the … Read more

Tax Proposals Rising in California Again

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by Martin Armstrong Back in 2008, a California Socialist activist was gathering signatures in an attempt to impose a state wealth tax on the ballot that would have imposed a new 35% income surtax on top of the Federal income tax. He realized that people would flee the state, so the solution was to impose an exit … Read more