After months of planning, Stockton is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. city. Stockton, once dubbed “America’s foreclosure capital,” was the largest city to seek bankruptcyprotection before Detroit’s 2013 filing. During the … Read more
MIAMI BEACH (CBSMiami) – A Tesla that police say was going nearly 130 miles per hour plowed into a black Infiniti SUV on the MacArthur Causeway. Three people were left with traumatic injuries. CBS4’s Peter D’Oench received a video of the October 21st, 2018 crash from Miami Beach police. On it you can see the … Read more
PERSPECTIVE: Here’s the list compiled by the Congressional Research Service of national emergencies still in effect. [PDF link] h/t GR
via @hks55: Financials did the same thing in 2008. 20 week crossed the 50 week and $XLF back tested the trend line and those moving averages. Exact same now. $oil is double topping 38% retrace. classic bear transports are weak, semiconductors are weak, tech is weak. energy and financials are very strong and they are both … Read more
via @DawesPoints: #Goldstocks are key beneficiaries. GDX and GDXJ are breaking out higher. Are you on board and ready? #GHold $Gold $GDX $GDXJ #silver
Something is VERY wrong with this picture pic.twitter.com/m4QLPF7kFV — mcm-ct.com (@mcm_ct) February 15, 2019 https://twitter.com/farrisbaba/status/1096453542079094785 pic.twitter.com/BLTTMTwLBW — Alastair (@StockBoardAsset) February 15, 2019 $SPX is pricing in a nearly 80% growth rate in earnings just for the next quarter – BUT THERE WILL BE 80% contraction into 4 quarters from now – good luck with that … Read more
by northmantrader After 8 weeks of non stop rallying the bear mocking is back which is ironic. Why? Well, because bears are right. About what? Well, everything. Yes stock markets have been screaming higher in recent weeks on hopium and central banks turning dovish, but ironically that’s as a reaction to bears being right. How can … Read more
by David Haggith We now know that the Retail Apocalypse took another trip downhill during the all-important holiday season. December reports show retail sales declined more in one month than they have since … the Great Recession. Notice what a common refrain that comparison has become. Retail Apocalypse snowballs downhill Retail sales dropped 1.2% month-over-month in … Read more
https://www.bnnbloomberg.ca/buffett-takes-new-stake-in-suncor-trims-apple-investment-1.1214660?fbclid=IwAR1KpNqCXwSQTKeY7PRc5DKFCem7meGZyzLsCt7toOrbe-s00KHcQ-vAu4Q “Billionaire Warren Buffett’s company has taken a new stake in Canadian firm Suncor Energy () and trimmed its huge Apple () stake. Berkshire Hathaway Inc. (BRKa.N) filed a quarterly update on holdings with the Securities and Exchange Commission on Thursday. The Omaha, Nebraska-based company said it owned 10.76 million Suncor shares at the end … Read more
by ApostrophePosse From Credit Suisse: “Disbursing Cash to ShareholdersFrequently Asked Questions about Buybacks and Dividends” “Investors are all over the map. Some swear by dividends,and others want buybacks only. Few have carefully and rigorously thought through their positions. Executives are buffeted by the strong views of investors, leaving them in doubt of the best course.” … Read more
VEVEY, Switzerland (Reuters) – Nestle will sell Starbucks-branded coffee at grocery stores and online in Europe, Asia and Latin America from this month as it seeks to increase its lead over rivals such as JAB. More: https://uk.reuters.com/article/us-nestle-starbucks/nestle-set-to-sell-first-starbucks-coffee-under-7-15-billion-deal-idUKKCN1Q21YU
Most snow in 70 year across Seattle and parts of Washington State, Record snow pack Mammoth Mtn, California, new wind record set Mauna Kea Hawaii, tornado in Guatemala mid-winter and more snow n the way to break all totals in Seattle back to 1915. More storm warnings for west coast USA and B.C.
Europe is falling apart. If the plan was to have the Euro succeed, this was a massive failure. Just look at the economies of this group. It’s just getting worse every year. Banks are failing. Money is fleeing. The ECB literally has to print up money and buy practically everything just to slow down the … Read more
For More Information See: https://www.osce.org/secretariat/4096… https://papersplease.org/wp/2019/02/0…
https://www.youtube.com/watch?v=gJP2xpt-XG0 If they had any kind of dirt on him they would have used it to try to get him out of office. So, that leaves promising to be better than Trump. They won’;t say how, just that they will (which we know they cannot do!) JW
by GoldCore – Invest in gold as a hedge, in pensions & as a store of value – Rogoff – Investing in and owning gold as a hedge will become more important as it will have “enormous value” in a cashless society – Bitcoin and cryptocurrencies are not an effective replacement for paper money … … Read more
by mikeleoncraft The media knew it was a lie, the DNC knew it was a lie. The lying liars in the MSM are the enemies of the Republic. It’s time to reject these organizations and their fake PR machine. https://youtu.be/uDAUFWJ-SPA
by Playaguy I followed the money. The Carbon tax is worth $15 trillion. And who is the biggest supporter of the Carbon Tax? Big Oil via cfact.org: A new study found adjustments made to global surface temperature readings by scientists in recent years “are totally inconsistent with published and credible U.S. and other temperature data.” “Thus, … Read more
‘It feels like I’m at a firefighters conference and no one’s allowed to speak about water.’ — This historian wasn’t afraid to confront the billionaires at Davos about their greed pic.twitter.com/TiXSJZd89M — NowThis Impact (@nowthisimpact) January 29, 2019 Bregman, author of Utopia for Realists, turned heads in Davos after saying he found the conference’s mix of … Read more
via dailycaller: A familiar player is getting into the censorship game: Microsoft just announced that the tech giant’s Edge web browser will feature a “NewsGuard” plugin that will display a big red exclamation mark and a scolding warning when users view news outlets its censors dislike. Media outlets hand-selected by NewsGuard and Microsoft, on the other … Read more
by Dave Kranzler of Investment Research Dynamics The retail sales report for December – delayed because of the Government shut-down – was released this morning. It showed the largest monthly drop since September 2009. Online sales plunged 3.9%, the steepest drop since November 2008. Not surprisingly, sporting goods/hobby/musical instruments/books plunged 4.9%. This is evidence that the average household … Read more
by Simon Black Amazon made big headlines yesterday when it announced it was walking away from its plan to build a new headquarters in New York City. The company was under intense pressure from the media and politicians who were angered that New York City’s local government was giving away too many tax incentives, purportedly worth around … Read more
By Irina Slav The Safaniyah oil field in Saudi Arabia—the world’s largest—is producing at a reduced capacity after a ship’s anchor cut a main power cable, Reuters reports citing a knowledgeable source. An earlier report from MarketWatch quoted information from Energy Intelligence suggesting production at the filed had completely stopped, sparking worry about global heavy oil supply. The worry … Read more
by independenttrader The number of publicly available data increases year by year. Every day we are overwhelmed with hundreds of news, some of which have nothing to do with reality. It is worth to ask yourself whether being “up to date” with the news is the obligation for the successful investor or maybe intensive information processing … Read more
It appears that the new Gov of California is just as stupid as old Moonbeam Tomi Lahren tells it like it is h/t supporter