Fund Manager: An Unavoidable Global Debt Implosion

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by Dave Kranzler of Investment Research Dynamics “[Whatever] the repo failure involved, it is likely to prove a watershed moment, causing US bankers to more widely consider their exposure to counterparty risk and risky loans, particularly leveraged loans and their collateralised form in CLOs. a new banking crisis is not only in the making, for which the repo … Read more

Libtards eating libtards – Liberal Twitter torches Michael Moore for comments about Biden

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https://www.washingtonexaminer.com/news/liberal-twitter-torches-michael-moore-for-comments-about-biden Twitter was ablaze with criticism after filmmaker Michael Moore compared Joe Biden to failed Democratic presidential candidate Hillary Clinton. “Joe Biden is the center, Joe Biden is this year’s Hillary,” Moore said, drawing blowback on social media. Good God @MSNBC – can you please spare me Michael Moore bashing Biden & claiming he won't … Read more

Oil Prices Tank On Global Recession Fears

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By Nick Cunningham Oil prices continued to slide on Wednesday, falling on a string of worrying economic news. Markets were peppered with troubling data from September at the start of the week, with each new release compounding fears that cracks in the global economy are growing. Global manufacturing activity declined for the fifth consecutive month in September, … Read more

Four rules for storing physical gold overseas

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by Simon Black In early May in the year 878 AD, Alfred the Great of the Kingdom of Wessex fought a decisive battle against a massive Viking army at a place called Ethandun in southwest England. Alfred won the battle, defeated the Vikings, recaptured London, and united England under his rule; he’s generally considered to be … Read more

BREAKING: Heavy gunfire erupts at Tayaran Square in central Baghdad,30 dead and more than a thousand wounded!

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https://twitter.com/love4thegameAK/status/1179828437956980736 #BREAKING: 30 dead and more than a thousand wounded in #Iraq protests https://t.co/4SX5jWiD2C — Amichai Stein (@AmichaiStein1) October 3, 2019 #BREAKING: Iraq, tonight: Heavy gunfire in central #Baghdad – @BarzanSadiqhttps://t.co/shbqCqn19f — Amichai Stein (@AmichaiStein1) October 3, 2019 #BREAKING @LizSly: Unrest in #Iraq escalating quickly. Protests continue despite a curfew, internet blackout. Security use live … Read more

Nasdaq Could Get Crushed If Stock Market Drop Continues, Investors Will Shift To Safe Havens

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by Chris Vermeulen of The Technical Traders Our research team has been all over this longer-term Pennant/Flag setup and the potential for the breakdown in the US/Global markets.  The US manufacturing data released today confirmed what we believed would be the outcome of the extended trade issues between the US and China – a moderate slowdown in US … Read more

Simon Black: Many Local Retirees In Puerto Rico Will Get Pension Cuts As Part Of Debt Restructuring

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by Simon Black of Sovereign Man On Friday evening, the government here in Puerto Rico made an announcement to local retirees that many of them would have their pensions cut. Poof. Just like that. The pension cut is part of a debt restructuring plan to help Puerto Rico emerge from bankruptcy, which they declared in May 2017. Bankruptcy … Read more

Economics Is Like Quantum Physics

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By John Mauldin I often say a writer is nothing without readers. I am blessed to have some of the world’s greatest. Your feedback never fails to inspire and enlighten me. My last week’s That Time Keynes Had a Point letter brought many more comments than usual. Apparently Keynes is still provocative 73 years after his death, … Read more

Libs Owned Again: D.C. Journalism Museum to Close Amid Financial Difficulties

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The Newseum, a self-congratulatory monument to the media located in our nation’s capital, will close at the end of the year amid longstanding financial difficulties, proving once again that President Donald J. Trump cannot stop winning and will never stop owning the libs. The organization said it “has struggled financially for a number of years and continuing … Read more

Bank of America says this is a ‘make or break’ quarter for Netflix

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https://www.cnbc.com/2019/10/03/bank-of-america-says-this-is-a-make-or-break-quarter-for-netflix.html “Heading into 3Q earnings, we see a make or break quarter for Netflix,” Bank of America Merrill Lynch analyst Nat Schindler tells clients. The more cautious tone comes on the heels of a tough summer for Netflix, which has seen the price of its stock fall nearly 30% in under three months. Netflix, which … Read more

Breakdown of Costs and Fees per Brokerage

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by chaney3 Just trying to get y’all the best price / Fee structure for your needs. Brokerage Stock ETF Options Futures TD Ameritrade $0 $0 $0.65/Contract $2.25/Contract Interactive Brokers $0.0035/Share $0.0035/Share $0.25 to $0.65/Contract $0.85/Contract Robinhood $0 $0 $0/Contract N/A WeBull $0 $0 N/A N/A Charles Schwab $0 $0 to $4.95/Trade $4.95 + $0.65/Contract $1.50/Contract … Read more

US debts bigger than 2008 on a new all time high. Auto loans nearly doubled since 2008 from $740 million to $1.3 trillion. Student loans surged to $1.6 trillion and credit card debts will cross the $1 trillion soon.

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US debts bigger than 2008 on a new all time high. Auto loans nearly doubled since 2008 from $740 million to $1.3 trillion. Student loans surged to $1.6 trillion and credit card debts will cross the $1 trillion soon. @DiMartinoBooth @Trinhnomics @zerohedge @HenrikZeberg @JoeSquawk pic.twitter.com/f58ra3cqc1 — marc friedrich (@marcfriedrich) October 3, 2019

Countdown to 18 Oct has begun… France vows retaliatory measures if US sticks by EU sanctions

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Countdown to 18 Oct has begun >>#France vows retaliatory measures if US sticks by EU sanctionshttps://t.co/yvHj2GVDpz pic.twitter.com/jVYnOpCXvH — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 3, 2019 Dear US single malt whiskey lovers..enjoy a new 25% tariff on EU imports List of new EU tariffs>> https://t.co/AYuytxrI1G — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 2, 2019

Hmmm starting to look serious! Bank of America warns of S&P 500 liquidity risk…This chart hints that equities will drop more than 30% in Q4.

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Hmmm starting to look serious! Hello Central Bankers….. https://t.co/O6mKZpSK5C — CrossBorder Capital/ GLIndexes (@crossbordercap) October 3, 2019 Just to be clear. This chart hints that equities will drop more than 30% in Q4. Lets see whether it gets that bad.. But I am certainly leaned that way. Our latest Nordea View here -> https://t.co/W4CDqjNsfv https://t.co/j7V8w3nlmK … Read more

CBS Poll which oversampled democrats by 6% showed 58% of Americans don’t want Impeachment and think its about hurting Trump in 2020

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CBS Poll Shows Majority Of Americans Across All Parties Think Latest Impeachment Talk Just To Hurt Trump’s Re-Election Left out of the headlines were other statistics from the poll. From Attkisson: The CBS poll shows 58 percent say Trump does not deserve to be impeached or that it’s “too soon to say.” Using the same … Read more