California Is (Again) Teetering On The Edge Of Financial Ruin

Via ZeroHedge For years, it had been speculated that California’s state-wide model of heavy regulation, expensive education, high taxes and bloated spending would eventually drive the state into financial ruin, according to a new Bloomberg Opinion piece. Over the last 15 years, the state also has had to deal with widespread blackouts and an unemployment rate that ballooned … Read more

TRUMP’S CHECKMATE — Harley Schlanger

SGT Report, Released on 10/19/19 President Donald J. Trump is outflanking his enemies at every turn. How is it that we have been given this man at this time in history as the world which was tipping toward communist totalitarianism, hangs in the balance? Is it Divine intervention? Harley Schlanger joins SGT Report to discuss … Read more

Unions And Protectionism, Not Free Trade, Doomed U.S. Manufacturing In The Rust Belt

by Ryan McMaken of Mises Institute As the decline of the Rust Belt became increasingly obvious during the 1980s, protectionists attempted to blame the malaise on too little government protection from foreign competition. Campaigning for the presidency in 1984, Walter Mondale attacked Ronald Reagan for lifting quotas on steel imports, declaring ” Reagan’s policies are turning our industrial Midwest … Read more

The U.S. Doubles Down On Domestic Lithium Production

By Richard Mills In 2010 the US Department of Energy’s Critical Materials Strategy included lithium as one of 14 elements expected to play a vital role in America’s clean energy economy. Lithium is also among 23 critical metals President Trump has deemed critical to national security; in 2017 Trump signed a bill that would encourage the exploration … Read more

Rental Control in California to help the homeless.

Watch the latest video at foxnews.com What’s really behind California’s homeless crisis? It was former Chicago Mayor Rahm Emanuel who famously said, “You never want to let a serious crisis go to waste. What I mean by that is it gives you an opportunity to do things that you could not do before.” The tactic has been linked … Read more

China in 3 charts

China in 3 charts 1. Industrial Production 2. Retail Sales 3. FI Investments >>https://t.co/zHLgqXxEyR pic.twitter.com/imlhG3Jv20 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 19, 2019 #China’s office market sees highest vacancy rate in a decade https://t.co/THqsakywbn pic.twitter.com/HZVavkBE5A — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 20, 2019 Samsung has left China >>#Samsung’s departure is new blow to … Read more

There are signs that US equity outperformance may be running out of steam… Zero/low interest rates, lackluster organic growth, low wage and 70% + of IPOs not yet profitable

'There are signs that US equity outperformance may be running out of steam.' https://t.co/lnG8d7k4I2 by @louis_gave pic.twitter.com/SHooLcD4WS — Jesse Felder (@jessefelder) October 18, 2019 The End Of The Trend? — Louis-Vincent Gave from Gavekal Research on Vimeo. https://vimeo.com/366912562 “Zero/low interest rates, lackluster organic growth, low wage and …. the proportion of IPOs with negative EBITDA/EPS … Read more

Dire warning from PG&E

PG&E warns of 10 years of power shut-offs. California officials don’t like it California residents face up to 10 years of widespread, precautionary forced power shut-offs until Pacific Gas & Electric Corp., the bankrupt utility giant, will be able to prevent its power transmission lines from sparking fires, the company’s top official said. The sobering … Read more

Think Medical Care Is Expensive? Wait to See How Much It Costs When It’s FREE!

Authored by Veronique de Rugy via The American Institute for Economic Research, Medicare-For-All (M4A) is gaining some steam. Two prominent Democratic candidates for the presidency, Senators Elizabeth Warren and Bernie Sanders, support it, and several polls show that the idea is supported also by a majority of Americans. In recent days, two academics from U.C.-Berkeley have … Read more

Rand Paul Steps Off ‘The View’ Set & INSTANTLY Gives The Women a Taste of Their Own Medicine

https://www.youtube.com/watch?v=X8W2iEhcpoc Mike Brest from Washington Examiner reports, Sen. Rand Paul attacked the hosts of The View hours after he appeared on the show last Friday. He made the scathing remarks during an interview with Andrew Wilkow on SiriusXM’s The Wilkow Majority. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/ne…  

Robert Shiller on the Power of Narrative Economics

by FS Many academically-minded economists worked to establish a mathematical basis and modeling in the study of economics in the 20th century. But this approach has not always produced reliable results. Financial Sense Insider spoke with nobel prize-winning economist Robert Shiller on the podcast. He discusses his new book Narrative Economics: How Stories Go Viral and … Read more

Goldman Banker Arrested Over Insider Trading Allegations

https://www.bloomberg.com/news/articles/2019-10-19/goldman-banker-arrested-over-u-s-insider-trading-allegations Bryan Cohen, a vice president, leaked nonpublic information for almost three years in exchange for cash as part of an international insider trading scheme that led to $2.6 million in illicit gains, according to a separate complaint from the U.S. Securities and Exchange Commission that didn’t identify his employer. The accusations are the third … Read more

Facebook no longer among 10 most valuable global brands.

Facebook no longer ranks among the world’s 10 most valuable brands, according to branding consultancy Interbrand, a sign the repeated blows to the social media company’s reputation in recent years is taking a toll. Facebook fell to No. 14 in Interbrand’s annual ranking of “best global brands,” released this week. Just two years ago, the … Read more

Long time lurker here. I’ve decided to close out my 9.5yr old 3x leveraged ETFs position next week. It’s not YOLO enough for r/wallstreetbets, but I thought I’d share.

by Throwaway54275 https://i.imgur.com/4i0O2Ys.jpg https://i.imgur.com/T3VSepF.jpg On the week of May 10, 2010, I purchased about $100,000 worth of FAS and $70,000 of SPXL on the open market. I was 29 at the time and we were in the heart of the subprime MBS-induced financial meltdown. It was awful to be invested through, I was a 20something novice … Read more