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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Burning cash is easy; It’s quite flammable and just goes up in smoke. Here it is in a nutshell, the philosophy of “growth at all costs.” Uber’s total revenue increased 29% to $3.81 billion in the third quarter compared to a year earlier, the company reported this afternoon. And that’s very good revenue … Read more
by Charles Hugh-Smith The net result is the muddle class has the signifiers but not the wealth, power, capital or agency that once defined the middle class. The first use of the phrase The Muddle Class appears to be The rise of the muddle classes (Becky Pugh, telegraph.co.uk) in January 2007. The “muddle” described the complex nature of defining … Read more
https://twitter.com/RealSaavedra/status/1191461344270143488
https://t.co/C65WHWAr9F Yep the story about it. So amazing how the Bidens got millions when they knew nothing about the businesses they got money for, from foreign countries. — TruthWithin (@truthiswithn) November 5, 2019 James Biden isn’t a big name in the business of residential housing development, so what exactly qualifies him to work at a … Read more
via Zerohedge: After August’s contraction, Factory Orders in September were expected to accelerate their decline, but the 0.6% MoM drop was more than expected. This sent the year-over-year contraction in factory orders down to -3.5% – the worst since July 2016… Source: Bloomberg Additionally the final durable goods orders print for September worsened, dropping 1.2% MoM … Read more
Via Marketwatch In one chart: Warren could go it alone in 21 policy areas, including breaking up big tech, says Barclays As some investors fret that Wall Street-bashing progressive Sen. Elizabeth Warren could get elected president next year, a Barclays analyst has put together a chart showing what she could accomplish in the White House … Read more
If you keep voting for the people who do this to you, you will keep getting it done to you. A ‘diet’ to give California drivers indigestion In the past, it was other people’s governments that would seek to make your life more difficult. But increasingly in California, the most effective war being waged is … Read more
Majority say they are not better off financially under Trump: poll A majority of respondents in a new poll said they are not in better shape financially since President Trump assumed office. The Financial Times-Peterson poll released Monday found that almost two-thirds of Americans said their finances haven’t gotten better since Trump has taken office. Thirty-one percent of respondents in the new … Read more
It is worth noting that previously there have been three (3) votes by the full House on impeaching President Trump. Each failed miserably, losing lopsided and bipartisan votes. Never mind again. Now comes Mrs. Pelosi forcing a vote by the full House on a formal impeachment inquiry. It passed by brute majority, 232-196. While technically a “win” … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold is heading towards $1,600, Chinese investors pour into gold over economic worries, and new American Gold and Silver Eagle designs are coming in 2021. Goldman Sachs: Gold will reach $1,600 within … Read more
Pollster John Zogby: Trump Expands His Base for 2020 Impeachment is a virtual lock. His approval ratings are stuck in the mid-40s. And 2016 popular vote winner Hillary Rodham Clinton is toying with a repeat run for president. So why is President Trump and the Trump-Pence campaign feeling confident of a 2020 reelection? Because, … Read more
This is on top of the Soros plan – to take over the state Sec of State elections – which supervise elections Remember: Money influencing politics is really bad except when they do it. via freebeacon: Liberal billionaire George Soros is flooding Virginia with hundreds of thousands of dollars in a last-minute effort to support Democratic … Read more
by Shaun Richards The U.S. was founded 243 years ago, and in that time it’s amassed some $23 trillion in debt and counting. As staggering as this number is, it’s still less than half what Elizabeth Warren says her government-run “Medicare-for-all” program would cost… over only 10 years. The Massachusetts senator and presidential contender made the announcement Friday morning, responding … Read more
by visualcapitalist Our modern society shares few characteristics with the 1800s. In the last two centuries, styles have changed, laws have evolved, and cities look entirely different. However, one thing that has prevailed is the way state and local governments finance public projects. Far from a new invention, municipal bonds have been shaping U.S. communities for … Read more
by howmuch Having enough savings to afford a comfortable retirement has been an issue for a long time now. In fact, some economists have recently estimated that millennials will face even a harder challenge and should save almost half of their income if they wish to retire at 65. However, the good news is that some parts … Read more
Project_Veritas already proved that CNN is extremely biased with audio and video recordings. They also had recordings of employees saying that CNN has been covering up for their politics supervising producer Steven Brusk who has been accused multiple times of sexually harassing/assaulting women. If there is solid proof that they have been purposely covering up … Read more
by Econimica Since 2007, US federal debt has risen 150% while annual US births (legal and otherwise) have fallen almost 14%. Said otherwise, over the dozen years since 2007, federal debt has increased by $13.8 trillion while 5.2 million fewer births have occurred over the same period than the Census projected. This is probably worth a … Read more
