Think about this if you own Hong Kong dollars

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by Simon Black On January 20, 1841, after delivering a series of military defeats to Imperial China in the First Opium War, British forces landed in Hong Kong and took control of the island. Hong Kong was hugely important for the British economy because it ensured access to the Chinese market. And they went to war … Read more

Bank of Mexico Raises Alarm About Mexico’s Economy

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“Particularly worrisome” is that this slowdown “has taken place in a context where the US economy is growing above potential.” By Nick Corbishley, for WOLF STREET: The bad omens are stacking up for Mexico’s faltering economy as both domestic consumption and investment dry up while the challenges facing the country’s heavily indebted state-owned oil giant, Pemex, continue … Read more

FIGHT FOR SURVIVAL IN BAHAMAS; HELL STORM INCHES TOWARD FLORIDA

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Humanitarian crisis unfolds in hurricane-stricken Bahamas FREEPORT, Bahamas (AP) — U.N. and Red Cross relief officials rushed to deal with an unfolding humanitarian crisis in Hurricane Dorian’s wake Tuesday after the most powerful storm ever to hit the Bahamas devastated thousands of homes, crippled hospitals and trapped people in attics. At least five deaths were … Read more

London Markets: Pound plummets ahead of no-deal Brexit vote as Boris Johnson threatens snap election

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The pound plummeted to near three-year lows on Tuesday ahead of a crucial day for Brexit in Parliament. Sterling GBPUSD, -0.2652% fell below $1.20 to its lowest level since October 2016 as British Prime Minister Boris Johnson threatened to call a general election if MPs block a no-deal Brexit this evening. The currency bounced back … Read more

The South Dakota Democratic Party is closing its two remaining offices. Staff will work remotely for lack of funding

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The South Dakota Democratic Party is closing its two remaining offices. Staff will work remotely for lack of funding – Reid Wilson Verified account @PoliticsReid The South Dakota Democratic Party is closing its two remaining offices. Staff will work remotely for lack of funding – South Dakota Democratic Party closing Sioux Falls, Rapid City offices … Read more

Globalization Hits a Brick Wall Named Trump

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By Patrick Watson Until about 50 years ago, people paid attention to the area where they lived. They read local papers, shopped at local merchants, and socialized at local events. Technology ended all that. Now we get our news from the internet. We buy imported goods. We converse on social media with friends thousands of … Read more

Latina Congressional Republican Candidate TORCHES AOC, Makes Her REGRET EVER Being in Office

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https://www.youtube.com/watch?v=8Ii-r5sG2gA Ryan Saavedra from The Daily Wire reports, Latina Republican congressional candidate Catalina Lauf, 26, blasted socialist Rep. Alexandria Ocasio-Cortez (D-NY) during an interview on Tuesday, saying that unlike Ocasio-Cortez, she loves America. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/51107/…

FICOs are Beginning to Become Arbitrary

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by leodoggo I work in automotive lending for a major automotive lender. With increased technology, credit swipes, credit boosts, authorized user credit, and just straight fraud, FICOs are starting to become unreliable. Below is an example of what I’m referring to: Yesterday I had two separate applications that stood out. Customer A: credit had a … Read more

Mass Layoffs Are Back. Are You At Risk?

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by Adam Taggart Imagine the following scene playing out at work tomorrow: You arrive in the morning to find a note reading ‘HR wants to see you’. About what?, you wonder. Seeing your HR manager already in the conference room with the door closed, you fidget as you wait. A knot begins to form in … Read more

BYND borrow rate at IB is 317%

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by MikeThePutz This is nuts. There are no shares left to borrow and the rate jumped from 78% on Friday to 317% today. Unless they gave me the wrong info, this means the short squeeze is likely to happen soon. I’m using about 5% of the profits from my first BYND run-up trade on this … Read more

ISM Manufacturing PMI Hits 49.1%, Officially Contracting… U.S. Consumer Sentiment Falls Most Since 2012 on Trade Fears

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Link to the report: https://www.instituteforsupplymanagement.org/ismreport/mfgrob.cfm?SSO=1 If anyone was wondering why the market dipped again after 10AM here’s why. Trade policy concerns and supply chain impacts are being cited as some of the largest reasons for slowing orders and leaner inventories. This is one of the indicators the FOMC is going to be looking at when they … Read more

Global Recession Coming

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via mishtalk: The economies of China’s neighbors suffer, starting with manufacturers of high-tech equipment. On Sunday, Trump decided to go ahead with new tariffs of 15% on clothing and other Chinese imports totally about $111 billion. The new tariffs are in addition to the 25% tariffs previously imposed on about $250 billion of Chinese imports. No … Read more

McDonald’s is spending nearly $1 billion in 2019 to add ordering kiosks and other tech to stores.

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via CNBC: Panera Bread loses close to 100% of its workers every year. For fast-food chains employee turnover runs as high as 130% to 150%, according to industry measures. McDonald’s is spending nearly $1 billion in 2019 to add ordering kiosks and other tech to stores. Some experts believe it is inevitable that fast food … Read more