All Eyes On OPEC As Another Oil Glut Looms

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By Nick Cunningham OPEC+ is facing a steep challenge as it prepares to gather in Vienna next month. Global oil supply could continue to rise at a rapid pace in 2020, surpassing the increase in demand. According to new figures from the International Energy Agency (IEA), non-OPEC supply could expand by a staggering 2.3 million … Read more

FedEx Goes to War Against the New York Times Over Hit Piece Article – Releases Statement and Challenges the NYT to a Public Debate

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FedEx Goes to War Against the New York Times Over Hit Piece Article – Releases Statement and Challenges the NYT to a Public Debate FedEx CEO challenges New York Times publisher to public debate after tax story FedEx CEO Frederick Smith has challenged the publisher of The New York Times as well as the paper’s … Read more

CNBC’s Eunice Yoon is now reporting that China wants to wait until the *election* before getting back to serious trade talks – that means the deal is FULL BLOWN off.

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https://twitter.com/QTRResearch/status/1196419652181745667 Mood in Beijing about #trade deal is pessimistic, government source tells me. #China troubled after Trump said no tariff rollback. (China thought both had agreed in principle.) Strategy now to talk but wait due to impeachment, US election. Also prioritize China economic support. — Eunice Yoon (@onlyyoontv) November 18, 2019 https://t.co/nSkiJprttT — Alastair (@StockBoardAsset) … Read more

Nine shot, multiple killed at family gathering in Fresno… Developing… Sunday football party turns bloody

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FRESNO, Calif. (KFSN) — At least ten people have been shot, and four are dead after Fresno Police say a suspect opened fire as a family gathered at an east-central Fresno home Sunday night. Officers responded to a home on Lamona Avenue near Ceasar Avenue, located about three blocks south of the Fresno Yosemite International … Read more

“Farmageddon”: Trump Announces More Emergency Bailouts As U.S. Farm Debt Soars To $416 Billion

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by Michael Snyder President Trump just announced yet another round of emergency bailouts for U.S. farmers.  This emergency aid will be greatly welcomed by countless struggling farmers, but a few thousand dollars won’t be nearly enough to save most of the farms that are on the verge of failing.  Coming into 2019, farm debt was … Read more

How Central Banks Steal From Savers

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via Global Macro Monitor This chart is an incredible disgrace and illustrates how conservative savers, especially seniors, have been robbed by the central bankers.  Christine Lagarde’s recent comment fueled our ire, We should be happier to have a job than to have our savings protected – ZH And she was talking about nominal rates!  If the central … Read more

One year ago today the OptionsSellers fund exploded spectacularly, placing many of its clients in six or seven figure debt.

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by honeyflaps A quick recap for those of you who are unfamiliar with the legend: OptionsSellers.com was a fund that marketed itself as a money manager for mid-upper class folks (doctors, etc) using trading methods that consistently outperform the S&P500. Their strategy? Selling naked options on crude oil and natural gas. More specifically they were using a … Read more

AMZN Puts (DD)

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by ryngo14 The stock is a bubble. AMZN missed earnings last two quarters, attributed to one-day shipping costs. This is just a hand-wavy explanation by people who are blind to the real issues the company is facing: Amazon’s size is a weakness, not a strength Costs are going up because the company is over-extended in … Read more

Live map of all the protests

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A breakdown of the death tolls in some of the more high-profile protests around the world My own research as of November 2019: Kashmir/India, Bodycount: 50-150+ per year Ethiopia Bodycount: 86 Haiti, Bodycount:3 Hong Kong, Bodycount: 10 suicides Venezuela, Bodycount: at least 107+ Egypt, Bodycount: 0? Ecuador, Bodycount:8 Libya, Bodycount:0? (in the protests) Iran, Bodycount:1 China/Uighurs, Bodycount: 100-1000+ Algeria, Bodycount:1-3 South Africa, Bodycount:12+ France, Bodycount: … Read more

US says progress. China says big issues.

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China and US had ‘constructive discussions’ about phase-one trade deal, state media reports ( The two sides had “constructive discussions” about “each other’s core concerns” and agreed to remain in close contact, according to the Chinese Ministry of Commerce. The call came at the request of Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert … Read more

S&P-Some might choose to ignore this structure, but it should be important into next week just as Counter-trend exhaustion sets in while time-wise this rally from early October is now equal in calendar days to the June-July bounce

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Noone's fighting seasonality- The bias is typically negative starting in day 10 in November into day 15 in trading days, and this year's November is already higher by nearly 3% on the month, well above the average- Chart courtesy of Stock traders almanac pic.twitter.com/2HvcjWnyGI — Mark Newton CMT (@MarkNewtonCMT) November 15, 2019  

This is exactly right. Negative rates just discount money. I give you $100 and you give me back $95 later. Eventually everyone goes broke!!

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https://twitter.com/hks55/status/1195775125200744449 If interest rates rise, corporate debt implodes. If yields stay too low, pensions can't meet their obligations. Call me cynical, but I have zero confidence central bankers are up to the task of threading that needle. — Eugene Gant (@PeoplesBread) November 16, 2019

Sites Hosting Multi-cam Feeds of Hong Kong Protests

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Sites bundling multiple live-streams: https://freehk.live/ https://ncehk2019.github.io/nce-live/ https://m.twitch.tv/unabletobreathe/profile Real-time English translations: https://www.youtube.com/channel/UCMEhYuxpkmiXoYryeXt0b5A Apple Daily:  https://www.youtube.com/user/appleactionews Live at PolyU https://www.pscp.tv/2legit2trip/1YqKDnRpEWkJV wow https://t.co/vZzSWpQz0g — Alastair (@StockBoardAsset) November 17, 2019 h/t Psycho-naut