Global Cooling: Japan’s October Factory Index Shrank At Fastest Rate In Three Years… Germany’s Factory Recession Sends Employment Down Most In 10 Years…The Greatest Depression Stage One?

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By David Stockman TOKYO (Reuters) – Japanese factory activity shrank at the fastest pace in over three years in October, largely hurt by slumping new orders and output, in yet another sign of broadening economic cracks in the face of slowing global demand and trade frictions. The weak reading adds to pressure on the government … Read more

IPOcalypse Now: How One Moron Ruined For Everyone Else… Finally, The Music Stopped A Few Months Ago…

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Authored by Simon Black via SovereignMan.com, In 2010, New York-based entrepreneur Adam Neumann had an idea: to lease office space to companies all over the world on a short-term basis. Usually when a company leases office space, it has to sign a long-term contract; but Neumann wanted to lease space to businesses for terms as short as … Read more

California Declares State of Emergency over Wildfires, Winds… BLACKOUT FOR MILLIONS… Gov Gavin Newsom Struggles To Stay In Control

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California declares state of emergency over wildfires, winds SANTA ROSA, California (AP) — California’s governor declared a statewide emergency Sunday after officials ordered nearly 200,000 people to leave their homes as hurricane-force winds drove multiple wildfires through bone-dry vegetation. Meanwhile, the state’s largest utility cut electricity to millions of residents as a precaution to prevent … Read more

Michael Pento – Coming Market Meltdown is Going to be Brutal, Fed Panics & Starts Massive Money Printing

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Economist and money manager Michael Pento predicts the debt bubble will implode at some point, and it will be felt everywhere on the planet. Pento says, “When this thing implodes, we are all screwed. On a global scale, we have never before created such a magnificent bubble. These central bankers are clueless, and they have … Read more

A.I. being used in nation’s prison communication systems to monitor criminal activity with great success. But…

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Imagine that they are probably doing this out here in the real world already. Damn Google. https://abcnews.go.com/Technology/us-prisons-jails-ai-mass-monitor-millions-inmate/story?id=66370244&cid=clicksource_4380645_null_bsq_hed LEO Technologies’ system is powered by Amazon transcription technology, part of a suite of technology services the retail giant has been marketing to U.S. law enforcement in recent years — including facial recognition software. Some critics — including … Read more

Healdsburg and Windsor, Cali, evacuate now, MASSIVE FIRES are approaching both cities

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https://www.pscp.tv/w/1MnGnEXWpdNKO https://twitter.com/hashtag/kincadefire?f=tweets&vertical=news&src=hash https://twitter.com/hashtag/healdsburg?f=tweets&vertical=default&src=hash https://twitter.com/hashtag/windsor?f=tweets&vertical=default&src=hash https://twitter.com/hashtag/kincadefire?f=tweets&vertical=news&src=hash Current approximated fire line based on scanners + available resources. It’s traveling south VERY quickly. I would imagine anyone in the northern part of Santa Rosa should be ready to leave at any moment. #KincadeFire #Windsor #SantaRosa #Healdsburg https://youtu.be/byunvmc20kM   AC

Seattle Public Schools Will Start Teaching That Math Is Oppressive

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A new ethnic studies curriculum will teach students that “ancient mathematical knowledge has been appropriated by Western culture.” Math is a deeply frustrating subject for many elementary and high school students. But Seattle public schools are gearing up to accuse math of a litany of more serious crimes: imperialism, dehumanization, and oppression of marginalized persons. … Read more

Doug Casey: Why Gold Stocks Could Go 10x

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Via Casey Research As longtime readers know, Doug is a legendary speculator who’s made a fortune in the gold sector. He says this year’s rise in gold is just the beginning… and now’s the time to take advantage. Below, Doug tells me why… Chris: Doug, as you know, gold is on the rise. Do you see … Read more

Notwithstanding Draghi’s $3 Trillion Stimulus—-Europe Keeps Sliding Toward Recession

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By David Stockman The situation, to put it mildly, has gone from bad to worse. Even when the numbers tick up, they do so by the smallest margin. Mainstream reports, of course, still blow them way out of proportion because of even more extraordinary extraordinarily supportive monetary policy. But recent data should warn instead of … Read more

Orwell was an Optimist: Greatest Depression 2021 with Gerald Celente

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from Financial Survival Network Gerald Celente says that zero interest rates are pushing the world into the Greatest Depression. There’s no stopping it. QE4 by any name is underway. Increased social unrest is spreading around the globe. In just the past week over a dozen countries are erupting. It’s anti-establishment and anti-elite. The people are fed up … Read more

Nearly every analyst covering Amazon says buy the dip, except one

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https://www.cnbc.com/2019/10/25/nearly-every-analyst-covering-amazon-says-buy-the-dip-except-one.html Barclays told clients it’s “still early” to buy the dip on Amazon, as the e-commerce giant’s period of heavy investment could hurt financials further before things get better. Shares of Jeff Bezos-led Amazon plunged as much as 9% about reporting third-quarters earning that fell short of Wall Street’s expectations. Almost every other Wall Street … Read more

Global Banks, Funds Call for More Capital from Derivatives Clearing Houses

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NEWYORK (Reuters) – Four global banks and five big fund managers called on international regulators on Thursday to require for-profit derivatives clearinghouses to put up more of their own capital to protect against cascading losses that could rock the world financial system. Members of the group, including Citigroup Inc, <C.N> JPMorgan Chase & Co <JPM.N> and BlackRock … Read more

What’s behind the ever-increasing need for emergency repos?

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Authored by Mike Shedlock via MishTalk, What’s behind the ever-increasing need for emergency repos? A couple of correspondents have an eye on shadow banking. Shadow Banking The shadow banking system consists of lenders, brokers, and other credit intermediaries who fall outside the realm of traditional regulated banking. It is generally unregulated and not subject to the … Read more

SoftBank to Book Loss of up to $7 Billion on WeWork, Uber, Others, after Showering $1.7 Billion on Neumann and Hanging his Employees Out to Dry

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire. SoftBank – the Japanese conglomerate that is the late-stage investor superstar behind imploded WeWork, bleeding Uber, and others – is planning to take a $5 billion to $7 billion write-down of its investments … Read more