Fund Manager: Just How Indebted Is Elon Musk?

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by Dave Kranzler of Investment Research Dynamics Tesla continues to head south since hitting its post-earnings high of $321. It’s down nearly $100 from the $380 post “funding secured” tweet all-time high close on August 7th. The stock has diverged negatively from the SPX since mid-January. By all accounts the order-rate and delivery rate of Tesla’s 3 models … Read more

Giant Topping Pattern Could Be Forming

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by Kimble Charting The first fact of the day; The long-term trend for tech remains up and the decline into the lows on Christmas Eve DID NOT break this trend! This chart looks at NDX 100 ETF (QQQ) on a weekly basis over the past 14-years. For the past decade, since the lows in late 2009, QQQ has remained inside … Read more

Chuck Schumer Hates That He Can’t Stop Trump From Building The Wall

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https://www.youtube.com/watch?v=iWIE93D3StM Chuck Schumer Hates That He Can’t Stop Trump From Building The Wall during senate session today chuck schumer called president trump national emergency lawless and abuse of power this is latest news and breaking news over president donald trump national emergency and the wall this is news in current events and business and in … Read more

What’s So Extreme About Socialism?

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Bob Murphy and I discuss the view, apparently now mainstream on the left, that socialism has been unjustly demonized, and that it would be quite all right to have the federal government in direct control of fully one-third of the economy. We’re not so sure this is such a super idea.    

China blocked 17.5 million people from air travel last year because they lacked sufficient ‘Social Credit’

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“The Chinese government blocked 17.5 million would-be plane passengers from buying tickets last year as a punishment for offences including the failure to pay fines, it emerged. Some 5.5 million people were also barred from travelling by train under a controversial “social credit” system which the ruling Communist Party claims will improve public behaviour. The … Read more

Hydrogen Cars Struggle To Compete With Electric Vehicles

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By Vanand Meliksetian The electrification of most industrialized societies has taken off in a big way. In the EU and China government support such as regulations and subsidies are pushing automakers towards alternative technologies which don’t utilize fossil fuels as a source of energy. Also, in North America, despite Trump’s support for the fossil fuel industry, … Read more

Punishing People For Achievement Is A Key Element Of The Leftist Enterprise

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De Blasio’s out to discriminate against Asian-American kids. Equality of opportunity is a bedrock American principle. It’s also at the heart of the New York story, what has drawn millions of hustling, hardworking people, native-born and immigrant alike, to the Big ­Apple in search of a better future for themselves and their children. Unfortunately, Mayor … Read more

Total Shocking: OCASIO-CORTEZ SUPPORTS TRUMP AND PENCE REGIME CHANGE PLANS FOR VENEZUELA

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When it comes to US interests/Deep State, all politicians are in the same page Of course, it says that democracy has failed (and not socialism) and US should intervene to “reestablish democracy”. Socialist Rep. Alexandria Ocasio-Cortez (D-NY) says that Venezuela's collapse is *not* about socialism, says it's about a "failure of democracy" AOC says Venezuela's … Read more

First Ocasio Cortez tells us she’s struggling to pay rent, now we find out she owns property up and down the east coast

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Struggling to pay rent she says, but doesn’t pay rent because she owns the house…     Ocasio-Cortez, a former bartender-turned-progressive pacesetter, literally ducked questions about her residence after an appearance Saturday in Queens. She told The Post to wait for her to pose for a photograph — then slipped out a back door and … Read more

UGH: Millions of utility customers’ passwords stored in plain text.

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via arstechnica: In September of 2018, an anonymous independent security researcher (who we’ll call X) noticed that their power company’s website was offering to email—not reset!—lost account passwords to forgetful users. Startled, X fed the online form the utility account number and the last four phone number digits it was asking for. Sure enough, a few … Read more

Japan outlook, Rail traffic, Business inventories

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by WARREN MOSLER Japan downgrades industrial outlook for first time in 40 months (Nikkei) The Japanese government on Thursday downgraded its monthly assessment of industrial output for the first time in more than three years. The Cabinet Office’s economic report for February says “weakness can be seen in some areas” of production, qualifying a view … Read more

THIS IS CNN: Op-Ed Suggests Military Action If Trump Refuses To Concede.

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via lidblog: On Saturday, CNN, the cable outlet once dubbed the “least-trusted” name in network news, published an op-ed that suggested the military be used in the event Donald Trump refuses to concede defeat in the 2020 election. Two ignorant assumptions, first that Trump will lose in 2020, but I will allow them to dream.  The really sick … Read more

A Recession Indicator With A Perfect 70-Year Record Is About To Be Triggered

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by Mac Slavo of SHTFplan The unemployment rate has been a perfect forecaster of a recession in the past 70 years, and it appears to be edging closer to triggering that signal.  “It’s never been wrong. It’s something to watch,” said Joseph Lavorgna, chief economist for the Americas at Natixis. As the unemployment rate hovers around 4% (the number reported … Read more