MSFT Correction

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BY SVEN HENRICH Poor Bill Gates. He’s very much dedicated to philanthropy and giving away all his vast wealth, yet he can’t help getting richer every day and is once again the richest person in the world gaining over $22B in personal wealth in just 2019. Not bad for a retired guy. I guess it’s hard to give … Read more

Judge Rules Don McGahn Must Testify Before Congress But its off to the Court of Appeals & Maybe the Supreme Court

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by Martin Armstrong Judge Ketanji Brown Jackson House Minority Whip Steve Scalise said Speaker Nancy Pelosi has no grounds to withhold the articles of impeachment from the Senate. He said on Fox News Sunday.: “It’s her duty to turn it over. It’s not some mechanism she can control.” The Constitution is very clear that Pelosi is … Read more

Germany Aims To Close All Nuclear Plants By 2022

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By Tsvetana Paraskova Germany is going forward with its plan to phase out nuclear reactors by 2022 as another nuclear power plant is going offline on December 31. Power company EnBW has said that it would take the Philippsburg 2 reactor off the grid at 7 p.m. local time on New Year’s Eve. This leaves Germany with … Read more

Democrat prez candidate Andrew Yang’s ‘Emperor has no clothes’ moment

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by Dr. Eowyn Democrat presidential candidate Andrew Yang, 44, is an attorney, entrepreneur, and son of Taiwanese immigrants, with a net worth of $1 million. See “Net worth of 2020 presidential candidates” Yesterday, Andrew Yang said something quite remarkable, akin to the child in the Hans Christian Andersen fairy tale who alone said the truth — that the … Read more

Mayor Lightfoot mad at President Trump because he won’t acknowledge Chiraq shootings down 40% (depends upon your baseline stat)

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by DCG Bonus: The rapist could be eligible for a reduced sentence or work release! KATU reports that 22-year-old Joseph Myers was sentenced to just 14 months in prison after he pleaded guilty to raping three teens. He was originally charged with 12 counts of third-degree rape, one count of third-degree sodomy and three counts of unlawful delivery of … Read more

SPX currently at the largest divergence in 22 years between margin debt peaking and SPX. Nearly 2 years since margin debt peaked, yet SPX continues powering higher.

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by Power80770M Full discussion here. There was also a pretty big divergence in 2015, back when the economy had a mini recession. Of course the Fed also pumped the market aggressively in early 2016 when things started melting down. It’s amazing to me that people are blindly dumping their entire life savings in this scam of a … Read more

Weakness In Business Investment Reviewed

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by UPFINA As usual, there are a couple reasons the headline growth rate in new durable goods orders shouldn’t be taken at face value. That’s good because growth dramatically missed even the lowest estimates. Specifically, headline monthly new orders growth was -2% which missed the consensus of 1.5% and the lowest estimate which was 0.9%. Even … Read more

C&I loan growth y/y tumbling towards zero amid industrial recession, the U.S. 2-10s yield curve has steepened to the widest since October 2018.

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c&i loan growth y/y tumbling towards zero amid industrial recession pic.twitter.com/5B5DBt6xBp — Alastair (@StockBoardAsset) December 29, 2019 The U.S. 2-10s yield curve has steepened to the widest since October 2018. pic.twitter.com/lQwFyfyqDw — Lisa Abramowicz (@lisaabramowicz1) December 30, 2019 The median price of Manhattan apartments fell to $999,000 in each of the past two quarters. It … Read more

“Risk Free” Markets are now completely broken.

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The stock market is rising again thanks to the growth hormones and steroids of the FEDpic.twitter.com/FuFeKuRm1Z — Wim Grommen (@wimgrommen) December 30, 2019 oops pic.twitter.com/dqvFJQtqZt — Alastair (@StockBoardAsset) December 29, 2019 $VIX spooked about something pic.twitter.com/0AhFiCByIc — Alastair (@StockBoardAsset) December 30, 2019

In One Map: Where the U.S. Economy is Built

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by howmuch Economic growth headlines the news in good times and bad. Financial analysts continually forecast and tweak outlooks for the U.S. and the global economy. With the holiday season coming to an end, Americans spent 3.4% more than the prior year on top of an 18.8% growth in online sales. Although the political focus has been … Read more

This story is being killed in news rooms all around the world

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Media’s Deafening Silence On Latest WikiLeaks Drops Is Its Own Scandal WikiLeaks has published yet another set of leaked internal documents from within the Organisation for the Prohibition of Chemical Weapons (OPCW) adding even more material to the mountain of evidence that we’ve been lied to about an alleged chemical weapons attack in Douma, Syria … Read more

Stocks Are the Opiate of the Masses

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By Jared Dillian The stock market is the opiate of the masses. Oh sure, the days of watching Jim Cramer mash buttons on his console with his sleeves rolled up to his armpits are pretty much over. And nobody really day trades anymore, except for masochists. And, despite a 10,000-point rise in the Dow since … Read more