Ilhan Omar was elected to the Minnesota House of Representatives in 2016 the same year Hillary secretly took $1M from Qatar and now Ilhan is being exposed as a Qatari asset

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via Foxnews: The Clinton Foundation has said it accepted a $1 million gift from the Qatari government without notifying the State Department that it had done so, an apparent violation of an ethics agreement Hillary Clinton signed when she became Secretary of State in 2009. Under the terms of the agreement, Clinton promised the foundation … Read more

Don’t fight the market bears

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by django64 Here is a little tip from the book High probability trading: Some of my worst days were when I’d come in thinking I would only be shorting for the day because the market had been weak. On days like this I start out with a short and make money, and then the market … Read more

Record net short position in the VIX

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by RLWSNOOK As we continue higher it’s hard not to point out the record short position that has formed in the vix. Wondering if everyone feels this is normal or cause for concern. Here is a chart of the net short interest: https://postimg.cc/TL8Hjrp0 For reference here is a chart of ccc junk credit spreads vs … Read more

Is this active management’s time to shine? An environment of tepid economic growth and persistent low yields requires different thinking, say portfolio managers

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In a unique market cycle recently characterized by greater volatility, two reports reconsider active management and the traditional asset allocation mix. After fees, active investing typically doesn’t outperform passive, as is well documented by the S&P Indices versus Active reports (a.k.a. SPIVA). However, in an environment of low interest rates and high valuations for traditional … Read more

Egon von Greyerz: Unprecedented risks — are you 50% in gold? … Dr. Mark Skidmore: $21 trillion is missing and I think we’re in trouble …

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BY JOHN RUBINO Egon von Greyerz: Unprecedented risks — are you 50% in gold? … Dr. Mark Skidmore: $21 trillion is missing and I think we’re in trouble … Novo Resources: We’re on the verge of costs that are an order of magnitude lower than normal … Karl Denninger: Student debt is an epidemic and … Read more

Black Friday Is Coming, And 48 Million Americans Still Have Holiday Debt From Last Year

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by Michael Snyder The biggest shopping day of the year is almost here, and marketers are working hard trying to extract as much money from U.S. consumers as possible.  Unfortunately, it is becoming increasingly difficult to get consumers to open up their wallets, because many of them are already drowning in debt.  As a society, … Read more

Preparing Your Business For Auditing

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When running a business, there are many different audits that you can get in order to improve your business. A financial audit is a little different though as it’s making sure you’re paying everything correctly and that you’re not trying to hide additional money that you’re not declaring to the taxman. So with this in … Read more

It’s Official: JPMorgan Chase Is the Riskiest Big Bank in the U.S.

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via wallstreetonparade: The National Information Center is a little-known repository of bank data collected by the Federal Reserve. It is part of the Federal Financial Institutions Examination Council (FFIEC), which was created by federal legislation to create uniformity in the examination of U.S. financial institutions by the numerous federal regulators of banks. Quietly, the National Information Center has … Read more

FITCH: “Global car sales “are likely to decline by around 3.1 million units in 2019, a larger decline than in 2008 ..”

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FITCH: “Global car sales “are likely to decline by around 3.1 million units in 2019, a larger decline than in 2008 ..” (via @FitchRatings @pattidomm) pic.twitter.com/nAaV5R8npo — Carl Quintanilla (@carlquintanilla) November 25, 2019 This sounds vaguely familiar >>Yield-crazed investors pile into US subprime car loans The market for securities backed by the riskiest US car … Read more

Could It Be Possible That “Winter Storm Ezekiel” Is Meant As Some Sort Of A Harbinger For America?

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by Michael Snyder The most powerful winter storm to hit the west coast in ages has been dubbed “Winter Storm Ezekiel”, and this “historic storm” is going to make Thanksgiving travel an absolute nightmare for millions of people.  Heavy snowfall combined with winds gusts of “over 70 mph” will create severe blizzard conditions in some … Read more

After Years of Threats, Schwab Joins Exodus, to Move Headquarters from San Francisco to Texas

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It has been shrinking its way out of the City for years. And it’s not the first major company to make the move. By Wolf Richter for WOLF STREET. “As we’ve said previously, our strategy is to maintain our headquarters in San Francisco, where the firm was founded,” said a Charles Schwab spokeswoman in December 2016. The company … Read more

How the 0.001% invest – The family offices through which the world’s wealthiest 0.001% invest are a new force in global finance

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A fascinating investing article from the Financial magazine The Economist: How the 0.001% invest Think of the upper echelons of the money-management business, and the image that springs to mind is of fusty private banks in Geneva or London’s Mayfair, with marble lobbies and fake country-house meeting-rooms designed to make their super-rich clients feel at … Read more

The current outlook for hours worked also got obliterated

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The current outlook for hours worked also got obliterated pic.twitter.com/PbsOnczbSF — Eric Basmajian (@EPBResearch) November 25, 2019 The worst part in my mind was employment. The current outlook for the number of employees fell to a cyclical low which is in-line with some of our manufacturing employment leads. pic.twitter.com/PlJkDGM8ZC — Eric Basmajian (@EPBResearch) November 25, … Read more

Who needs positive earnings when markets can rise +25-30% in ’19 on 4 qtrs of ((negative)) S&P earnings?Compare to DotCom Bubble on chart.

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Who needs positive earnings when markets can rise +25-30% in '19 on 4 qtrs of ((negative)) S&P earnings📉?Compare to DotCom Bubble on chart.🎉🍾🍸 $1T corp buyback wave, 3 Fed rate cuts + new QE program. #FedDocumentary@RobSKaplan @neelkashkari @marydalyecon @RaphaelBostic pic.twitter.com/CVQRAdOieW — M/1_LP (@MI_Investments) November 25, 2019 Stocks at all time highs despite…….🤔👇#Buybacks #LBOingofCorporations H/T @themarketear … Read more