The Contraction Continues: Employment, Vehicle sales, Factory orders, Headlines, US and Japan services, US and Euro area trade, Credit standards

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by WARREN MOSLER Job openings now in full retreat: The contraction continues: Highlights Unit vehicle sales, at a much lower-than-expected annual rate of 16.5 million, proved very soft in October and will lower expectations for next week’s retail sales report. October’s pace is the slowest since April reflecting sharp slowing in light truck sales. Vehicle sales have … Read more

Options Traders Ditch Their Hedges

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by Dana Lyons Following the recent stock market breakout, stock options traders have significantly trimmed their hedges. With the popular stock indices hanging near all-time highs for most of the year, one might think that stock sentiment would be extremely bullish. However, among the indicators that we monitor, we have observed very little evidence of unhealthy … Read more

Has Germany Increased Its Gold Reserves For The First Time In 21 Years?

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by Mark O’Byrne via GoldCore ◆ Has Germany increased it’s gold reserves for the first time in 21 years? ◆ Important story of how Bloomberg reported that Germany had added to its gold reserves and that “Germany’s reserves climbed to 108.34m oz in September, the first increase since 1998” and then “corrected the story” ◆ A screen grab … Read more

Fight Against “Home Sharing” (Airbnb, HomeAway, Etc) Drives Up Price Of Short-Term Housing

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by Lee Friday via Mises City Council in London, Ontario recently decided to explore their options for regulating “short-term rentals” arranged through companies such as Airbnb, HomeAway, etc. The motion was brought forward by Councillor Anna Hopkins, who is concerned about (a) complaints from residents about short-term-renters’ noisy parties, and (b) “the role those short-term rentals have on taking potential long-term … Read more

RUSH: Everything the media has attempted to create in terms of public opinion against Trump isn’t happening.

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via rushlimbaugh: RUSH: Now to the audio sound bites of the Drive-Bys desperately trying to find evidence that their work is working! This is what they’re doing. For the past year — for the past year, ever since the Mueller report came out — they have been hell-bent on convincing the American people Trump is corrupt … Read more

JOURNALISM: Remember when the entire media had a panic attack over Trumps comments on the Access Hollywood tape? While this was going on, those same people knew that Epstein was raping children… and then decided to cover it up.

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Remember when the entire media had a panic attack over Trumps comments on the Access Hollywood tape? While this was going on, those same people knew that Epstein was raping children… and then decided to cover it up.#EpsteinCoverup — Carpe Donktum🔹 (@CarpeDonktum) November 6, 2019 And note how little attention the Terry Bean sex abuse witness-bribery … Read more

Congress considers reauthorizing the USA FREEDOM Act of 2015 – Senate Judiciary Committee

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Happening now: Senate Judiciary Cmte holds hearing on “Reauthorizing the USA FREEDOM Act of 2015.” Deputy Asst Atty Gen for Natl Security Brad Wiegmann, FBI Deputy Asst Dir Michael Orlando, Natl Security Agency’s Susan Morgan, Privacy & Civil Liberties Oversight Board Chair Adam Klein, George Mason Univ Antonin Scalia Law School Natl Security Institute founder … Read more

Impeaching Trump to Shut Down the Government

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by Martin Armstrong The object of impeachment against Trump is to ensure that nothing gets done between now and 2021. How do you measure the true cost of impeaching the president? It is certainly not the dollars and cents involved in holding hearings, printing transcripts, or paying Congressional staffer salaries. The true cost is the … Read more

How Clinton Cronies Kill Stories. ABC blocks Epstein tale, NBC derails Weinstein revelations, and Clinton Foundation hatchet man Sidney Blumenthal tries to block a book on anti-Trump plotters.

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via frontpagemag: “The Epstein story didn’t kill itself,” Colin Kalmbacher of Law and Crime reported on Tuesday. In 2015, ABC had “an extensively-documented story on Epstein’s elite global pedophilia and sex-trafficking organization–including information that appeared to implicate a former U.S. president.” As Kalmbacher noted, ABC “decided to bury the story” declaring it “unfit to broadcast.” The story was … Read more

Riyadh Art where Saudi Arabia ‘s Quality of Life Program begins

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by Stephen Timm “The happiness and fulfillment of citizens and residents is important to us. This can only be achieved through promoting physical, psychological and social well-being. At the heart of our vision is a society in which all enjoy a good quality of life, a healthy lifestyle and an attractive living environment.”    Riyadh Art, … Read more

JPMorgan’s Warning: Lower Equity Returns Are on the Way… Problems Like The Repo Lending Crunch Could Happen ‘increasingly

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JPMorgan’s Warning: Lower Equity Returns Are on the Way Nov.06 — Kerry Craig, global market strategist at JPMorgan Asset Management, talks about the outlook for corporate earnings and stock markets. He speaks with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets: Asia.” Dimon says problems like the repo lending crunch could happen ‘increasingly if we’re … Read more

Globalist Billionaires George Soros and Michael Bloomberg Bankroll Democrats to Control Both Legislature and Governor’s Office for First Time Since 1999

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Blatant election interference. How is this legal? via freebeacon: Boosted by millions of dollars from outside groups, Virginia Democrats won control of both state legislative chambers on Tuesday, giving them full control of state government for the first time in 26 years. All 140 seats in Virginia’s General Assembly are up for grabs every two years, … Read more

Netflix’s Spend On Content

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by chartr Thought this was interesting ahead of the bloodbath that the “Streaming Wars” promises to be. Netflix is spending more and more on content pretty much every quarter. Originally sent this chart as part of this newsletter. Source: Netflix Investor Relations Tool: Microsoft Excel

One of the Nordic region’s biggest pension funds is cutting its holdings of European stocks, and instead piling into U.S. equities

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https://www.bloomberg.com/news/articles/2019-11-05/a-50-billion-fund-in-helsinki-is-dumping-europe-and-buying-u-s “For now, the U.S. economy is “structurally better composed,” Rytsola said in an interview. That’s why his listed equity portfolio has 41% in North America, up from 24% at the end of 2018. At the same time, Varma has slashed its listed European holdings to 11% from 19%. That excludes Finnish stocks, a less … Read more