Repo Madness Getting Worse? Official Fed Balance Sheet Now Up Over $200 Billion Dollars In 6 Weeks!

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The Fed announced it had accepted over $104 billion in collateral as part of today’s overnight and term repo operations. However, Jim Bianco Tweeted out today that “The repo markets are not only NOT getting better, today the Fed is supplying $205 billion of repo, taking out the quarter-end peak of $202 billion set of … Read more

Inside TurboTax’s 20-Year Fight to Stop Americans From Filing Their Taxes for Free

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via propublica: Last fall, Intuit’s longtime CEO Brad Smith embarked on a farewell tour of the company’s offices around the world. Smith had presided over 11 years of explosive growth, a period when Intuit had secured its place in the Silicon Valley pantheon, and the tour was like a long party. In Ontario, employees wore T-shirts … Read more

Schwab, in Bid for Younger Clients, to Allow Investors to Buy and Sell Fractions of Stocks

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Charles Schwab Corp. will let investors buy and sell fractions of shares in coming months as part of an effort to attract younger clients to its online brokerage platform. Founder and Chairman Charles R. Schwab told The Wall Street Journal Thursday that fractional share trading would soon be introduced, along with several other new programs, … Read more

This Hedge Fund Titan Believes It Is Too Late For Central Banks To Reverse A Global Slowdown

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  via CNBC: Hedge fund titan Ray Dalio believes it is too late for central banks to reverse a global slowdown. Dalio is warning that current conditions remind him of the Depression-era environment. He says the world is currently entering a “great sag” as the natural cycle of growth ends. Hedge fund owner Ray Dalio said the … Read more

A Guy on Reddit Turns $766 Into $107,758 on Two Options Trades

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Before he became famous for the big short in the 2000s, Michael Burry discussed stock trades on online message boards. Burry’s posts were thoughtful, well-reasoned and showed deep research. The sub-Reddit WallStreetBets, with the tagline “Like 4chan found a Bloomberg terminal,” is rarely any of those things. The forum’s 600,000 members dub satirical options-trade commentary over scenes from … Read more

“The whole concept of negative yields, of people paying for the privilege of lending money, is insane behavior to me. That’s not fixed-income investing, that’s fixed-loss investing.” — William Eigen, @JPMorgan

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“The whole concept of negative yields, of people paying for the privilege of lending money, is insane behavior to me. That’s not fixed-income investing, that’s fixed-loss investing.''— William Eigen, @JPMorganAM https://t.co/Z74wCJiGwo via @business @economics @markets pic.twitter.com/WdBrxn3Oym — Steve Matthews (@SteveMatthews12) October 16, 2019 JPMorgan Veteran Refuses to Buy ‘Insane’ Negative-Yield Bondshttps://t.co/dX53ZekbwO pic.twitter.com/D8GFg7Yvnl — Tracy Shuchart … Read more

Profit warnings in China are the most widespread in China since the 2015 meltdown, with 44% of more than 1,200 predicting worse earnings in the third quarter.

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Profit warnings in China are the most widespread in China since the 2015 meltdown, with 44% of more than 1,200 predicting worse earnings in the third quarter.https://t.co/GtKXFhQhpO — Tracy Alloway (@tracyalloway) October 17, 2019 Third quarter deterioration follows earlier profit warnings Trade certainty seen crucial in giving companies confidence   America’s Stock Market Bubble Cannot … Read more

The Cash Raising Binge Signals Investors Losing Confidence w/ John Rubino

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John Rubin, author of the Dollar Collapse blog, sits down with Mike Manwell to share his thoughts on the financial markets and global economy. During the discussion John mentions that all the negative activity is signaling that we are close to a tipping point in the markets. That explains why so many retail investors are reported as running into … Read more

John Hinderaker On The Minneapolis Anti-Trump Riot

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How Evil Is the Left? This Evil. Video at the link. “Trump supporters were assaulted, their vehicles were blocked, police officers and police horses were attacked, and so on. This video, filmed by Alpha News, shows how violent and disgusting the ‘protest’ by liberal Democrats was. . . . While not a single Democrat has condemned … Read more

95% of tested baby foods in the US contain toxic metals, report says. 5% contained 10x the allowable limit of lead.

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Toxic heavy metals damaging to your baby’s brain development are likely in the baby food you are feeding your infant, according to a new investigation published Thursday. Tests of 168 baby foods from major manufacturers in the US found 95% contained lead, 73% contained arsenic, 75% contained cadmium and 32% contained mercury. One fourth of the … Read more

Trump Administration Accomplishments

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by Jake Trump Administration Accomplishments Almost 4 million jobs created since election. More Americans are now employed than ever recorded before in our history. We have created more than 400,000 manufacturing jobs since my election. Manufacturing jobs growing at the fastest rate in more than THREE DECADES. Economic growth last quarter hit 4.2 percent. New … Read more

NBC literally makes up a Trump quote saying Turkey’s invasion is “not our problem,” runs with it for a few days and issues a retraction on their twitter instead of on-air.

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CORRECTION: A previous tweet misquoted President Trump saying Turkey's invasion into northern Syria “is not our problem.” He said, “They have a problem at a border — it's not our border,” as well as “it’s not between Turkey and the US," according to White House transcript. pic.twitter.com/TH0SXOcj6s — NBC News (@NBCNews) October 16, 2019 Just … Read more

Rush Limbaugh today explains what Matt Drudge is up to

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Rush explains how Nancy Pelosi’s agenda is to turn Trump supporters against Trump to get overwhelming support from the American people to call for impeachment to pressure Trump to resign voluntarily. This is how they pressured Nixon to resign. She’s doesn’t want to be responsible for impeaching Trump, she’s never going to actually try to … Read more