Zuckerberg Teases AI ‘Brain Chip’… GOOGLE Coming for Your Face

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Mark Zuckerberg Teases AI ‘Brain Chip’—But It Will Be Different Than Elon Musk’s If Silicon Valley were to put a team of tech bros together on a project to merge computers and people, the lineup wouldn’t be complete without car and rocket man Elon Musk and the Valley’s most dubious robot, Mark Zuckerberg. In all fairness, Musk has already … Read more

COLLAPSE Of The EURO – ECB Wants Government To SAVE Them From RECESSION!

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by Josh Sigurdson and John Sneisen via World Alternative Media Josh Sigurdson talks with author and economic analyst John Sneisen about the recent desperate move made by the calm and cool Mario Draghi at the ECB as he looks to European governments to “work with” the central bank in order to “benefit” the economy. Now of course Draghi has acted … Read more

ITS ALL THAT CHINESE MONEY…

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LEBRON BOWS TO COMMUNISTS Los Angeles (AFP) – Basketball superstar LeBron James was accused of turning a blind eye to Chinese repression on Tuesday after he criticized a Houston Rockets executive for angering China with a “misinformed” tweet supporting protesters in Hong Kong. James told reporters that Rockets general manager Daryl Morey “wasn’t educated” on Hong Kong and should … Read more

Historic Midwest Blizzard Has Farmers “Expecting Massive Crop Losses – As Devastating As We’ve Ever Seen”

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by Michael Snyder An unprecedented October blizzard that hit just before harvest time has absolutely devastated farms all across the U.S. heartland.  As you will see below, one state lawmaker in North Dakota is saying that the crop losses will be “as devastating as we’ve ever seen”.  This is the exact scenario that I have … Read more

Without the Outliers, Inflation Is Running Hot. Fed Has Started Mentioning these Measures in the Minutes

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Cleveland Fed’s Underlying Inflation Measure Hits 3.0%, Hottest in the Data. “Soft inflation?” The inflation measure by the Cleveland Fed — the “Median CPI,” which is based on Consumer Price Index data but removes the outliers in the data to reveal underlying inflation trends — jumped 3.0% for September, the highest … Read more

Beijing Wants Tariffs Removed Before Committing To $50BN In Farm-Goods Purchases

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Yesterday, we learned that our suspicions were correct, and that the US-China “Phase One” deal purportedly hashed out between the two sides last week appears to be more of the same disingenuous stalling, and that, fundamentally, the situation hasn’t really changed. And on Tuesday, with the US back from the long holiday weekend, Chinese officials … Read more

How Far Can The Stock Market Run?

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Via Global Macro Monitor, Very little to the upside.  Very much to the downside. Macro Valuation Metrics Lots of incoming over our S&P Shooting Star post, most of which can mostly be summed up to the effect, “Why so bearish?” Seriously?   Our predisposition to the market is always anchored in time tested valuation metrics, which are hard … Read more

BIG CHINA DOOM: Up to 50 % of CHINAS breeding pigs dead due to AFRICAN SWINE FEVER!

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via Zerohedge: In August, we reported that at least half of China’s breeding pigs have died from African swine fever or been slaughtered to contain the spreading of the disease. New figures published Monday from the Ministry of Agriculture of the People’s Republic of China showed the pig-apocalypse continues to get worse. The country’s herd in Sept. collapsed 41.1% … Read more

Amazon is now offering Prime customers free one-day shipping on items that cost as little as $1 in a bid to drive conventional retailers out of business

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Amazon is now letting customers order $1 items and up with one-day shipping Users can now order single sticks of deodorant, toothbrushes, and more The new policy will likely put stress on traditional retailers Previously the company had a $5 limit on customers using the platform Critics warn that the policy may not be sustainable … Read more

LEBRON BOWS TO COMMUNISTS

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Los Angeles (AFP) – Basketball superstar LeBron James was accused of turning a blind eye to Chinese repression on Tuesday after he criticized a Houston Rockets executive for angering China with a “misinformed” tweet supporting protesters in Hong Kong. James told reporters that Rockets general manager Daryl Morey “wasn’t educated” on Hong Kong and should have kept his mouth … Read more

Trucking, Railroads Hit by Slowdown in Manufacturing & Construction. But Americans Are Buying Stuff, and that Helps

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The hangover after the tariff-front-run boom last year. Freight shipments by all modes of transportation – truck, rail, air, and barge – within the US fell 3.4% in September 2019, compared to September last year, according to the Cass Freight Index for Shipments. For the index – which tracks shipment volume of … Read more

Longtime Berkshire Hathaway shareholder sells stake, accusing Warren Buffett of ‘thumb-sucking’

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https://www.cnbc.com/2019/10/14/berkshire-shareholder-sells-stake-accusing-buffett-of-thumb-sucking.html David Rolfe noted his frustration with Berkshire Hathaway’s massive cash hoard, lackluster investments and what he thinks are missed investment opportunities by the Oracle of Omaha and his team during the current bull market. Berkshire Hathaway shares have lagged the S&P 500 over the current bull run, which started March 2009. “Thumb-sucking has not … Read more

“The WTO on Monday formally authorized the U.S. to impose #tariffs on about $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus SE” – BBG

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"The WTO on Monday formally authorized the U.S. to impose #tariffs on about $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus SE" – BBG Breakdown of those tariffs pic.twitter.com/Mwj3NRJoyT — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 14, 2019