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Someone want to double check all the math in her plan? Heard she is bad at math and economics. Democratic presidential candidate Elizabeth Warren’s long-awaited “Medicare-for-all” funding plan projects the government-run health care system would cost a staggering sum of “just under $52 trillion” over the next decade, with the campaign proposing a host of new tax increases … Read more
Trump’s spelling errors stopped being funny (or newsworthy) after “covfefe”. But he made a mistake yesterday that had fans of RuPaul’s Drag Race hash-tagging up a storm. His 1000th tweet about the so-called “impeachment hoax” (this “hoax” is bringing a full vote in Nancy’s House today, btw) Trump tweeted to his GOP sychophant/ followers, “Rupublicans, go with Substance and … Read more
https://twitter.com/SayWhenLA/status/1190233184040103937 SJ
via NYT: Insults like “financial parasites” and “bums” have been directed at them, not to mention rocks and pepper spray. Fences, potted plants and other barriers have been erected to keep them off sidewalks. Citizen patrols have been organized, vigilante style, to walk the streets and push them out. California may pride itself on its … Read more
by Chris Kimble How Banks perform in the long-term has historically been important to the S&P 500. Are Banks sending a spooky message to the S&P 500 this week? Could Be! This chart looks at the Bank Index (BKX) over the past 8-years. Since the lows in 2011, the index has created a series of higher lows … Read more
It’s clear after a series of closed-door testimonies that only one set of opinions are allowed in DC. #Tucker #FoxNews
via reuters: Sources familiar with WhatsApp’s internal investigation into the breach said a “significant” portion of the known victims are high-profile government and military officials spread across at least 20 countries on five continents. The hacking of a wider group of top government officials’ smartphones than previously reported suggests the WhatsApp cyber intrusion could have broad … Read more
via washingtonexaminer While border apprehensions of illegal immigrants have reached a decade high, they did not hit the projected 1 million in 2019, leading experts to believe that the Trump administration has finally made good on its promise to stop the surge. “The crisis is over,” said analyst Steven Kopits in a new report on the … Read more
via WSJ: Senate lawmakers proposed bipartisan legislation that would require search engines to disclose the algorithms they use in ranking internet searches and give consumers an option for unfiltered searches. Search engines such as Alphabet Inc. ’s Google unit use a variety of measures to filter results for individual searches, such as the user’s browsing … Read more
(Bloomberg) — U.S. meat markets had so far been shielded from the effects of a deadly pig disease wiping out Asian herds. That’s starting to change. As pork supplies plummet in China, the world’s top consumer is desperate for meat and is ramping up imports. As a result, it’s becoming harder to set longer-term protein … Read more
Beijing (AFP) – China warned Friday it would not tolerate any challenge to Hong Kong’s governing system, as it laid out plans to boost patriotism in the city and change how its leader is chosen or removed after months of pro-democracy protests. Beijing also said it would brook no foreign interference in Hong Kong affairs … Read more
Speaker of the House Nancy Pelosi passed a resolution that makes official the unfairness of the lopsided so-called Impeachment Inquiry. The resolution gives all the power to the Democrats and leaves zero due process to the President or the Republicans. The only way Democrats can make up evidence is to make it unfair. This … Read more
by Patrick Hill The SPX recorded new highs this week. Investors appear to be excited about the U.S. – China Phase 1 trade agreement, which only goes so far in ending the trade war. Plus, the Fed is cutting interest rates, injecting $100 billion in repo financing over the next month, and embarking on a … Read more
from Zero Hedge The automotive industry has been mired in recession for the better part of the last 18 months and still shows no signs of stopping. On Tuesday, comments from both VW’s CEO and from tire maker Pirelli, who cut its guidance for 2020, continue to exemplify an industry where the very worst of a … Read more
Kitco News, Released on 10/31/19 A catastrophic recession is coming, and gold is still the best investment to hold during an economic collapse, this according to Gerald Celente, publisher of the Trends Journal. “For me, speaking only for myself, gold is the number one investment and I’ve been saying that since I began buying gold … Read more
by GoldenKaze Fed has unwinded 5 months worth of QT in 5 weeks! At this pace we will surpass the 4.5Trillion record in what maybe 8 more weeks? Which means SPY $325! Good job Powell, keep pumping this market full of money https://i.ibb.co/ZJGMf3N/Screenshot-20191101-083712-Firefox.jpg https://fred.stlouisfed.org/series/WALCL
Some active ECB members criticized the decision to announce a second round of QE without a clear end date. Certain members said it’s at risk of breaching its self-imposed purchase limits and potentially facing legal challenges. The European Central Bank (ECB) needs to reinvent itself and come up with new policy tools as its bond-buying program is … Read more
The $VIX is hitting a wall of complacency. The S&P 500 is nearing the apex of a wedge. Fundamentally, US stocks are historically over-valued. Macro timing indicators show the peak of the business cycle. Are the technicals also setting up for a bear market? $SPX $SPY $ES pic.twitter.com/QetyySees3 — Kevin C. Smith, CFA (@crescatkevin) October … Read more
https://twitter.com/fedoroffx/status/1190228625083305984 https://twitter.com/hks55/status/1190112267737669633 #Our1929Quotes Side by side… pic.twitter.com/8Q0tBmyQ1r — Michael Norinsberg (@Mnorinsberg) November 1, 2019 Greenspan says the economy is missing leverage, and just happens to conveniently forget the US gov't just went from $10T–>$23T in debt in only 10 yrs!🤦♀️🙄🤔Where did that spending end up Alan? Gov't handing out 💰$1T/yr to spend is NOT ORGANIC … Read more
