Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter So what’s going on here? In the third quarter, the “delinquency rate” on credit-card loan balances at commercial banks other than the largest 100 banks – so the delinquency rate at the 4,705 smaller banks in the US – spiked to 6.2%. This exceeds the peak during the Financial Crisis for these banks … Read more

Robots Finally Learning to Clean the Bathroom

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A useful general home robot, as far as I’m concerned, needs to be able to do three things: fold laundry, wash dishes, and clean toilets. That’s all it would take to make me happy. We’ve seen some attempts at both laundry foldingand washing dishes, but not a lot of bathroom cleaning. Now, thanks to the World Robot Summit (WRS) … Read more

Warning: CDS (Credit Insurance) Is Blowing Up

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by Chris I’ve been waiting for the junk debt universe to signal “game on.” It’s doing that now. Along with the credit spreads blowing out (see above) the Credit Default Swap (CDS) market is blowing up and out for junk debt. Now that’s a move. As OptionSellers.com can confirm, when a market busts a move against you … Read more

The U.S. Airports Most Likely to Delay Your Flight in 2018

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via asherfergusson:   My data sources were mostly government websites: Federal Aviation Administration Bureau of Transportation Statistics U.S. Customs and Border Protection Airports Council International – Aircraft Movements Airports Council International – Passengers Airports Council International – Cargo I visualized the data using Microsoft Excel and added text and other numbers with Illustrator. You can read … Read more

Santa Is Getting Margin Calls – Smart Money Index At 22 Year Low, Credit Markets About To Blow Up

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https://twitter.com/OccupyWisdom/status/1064723223969959936 wow – credit markets about to blow up? send stocks lower? pic.twitter.com/nqVvCmtBwj — Alastair (@StockBoardAsset) November 20, 2018 Number1 $AMZN…another Burst💥 -31%🔻@hks55 @OccupyWisdom Long way to run pic.twitter.com/8MgfCGxGbq — Antonio Pérez-Algás (@apanalis) November 20, 2018 https://twitter.com/OccupyWisdom/status/1064879801830379521 Larry Kudlow said the current economic boom will continue indefinitely and there is no end in sight. It's … Read more

Buy the dip is dead

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by Troy Here’s today’s big headline from Bloomberg, one that really caught my attention. Let’s determine the stock market’s most probable direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month. *Probability ≠ certainty. Buy the dip is failing (or dead) Let’s get … Read more

Michael Pento: Falling Corporate Earnings Will Fuel The Next Leg Of The Bear Market

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by John Rubino If corporate earnings rise in 2019 like Wall Street analysts expect, stocks are a screaming buy at these bear-market levels. But earnings won’t rise and stocks are not a buy, says money manager Michael Pento: Earnings Recession of 2019 President Trump’s plan to stimulate the economy, known as The Tax Cut and Jobs … Read more

Police chief pushes back on Washington state’s new gun restrictions

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by DCG While I admire this police chief turning the tables on the proggies via “sanctuary laws,” I would rather challenge Washington’s new law in court. I don’t like sanctuary status for illegal aliens and don’t want to see the whole country explode with “exemptions” to our laws. From Fox News: One police chief in Washington State … Read more

Homeless population in Washington state’s capital increases from 3 dozen to over 300 in 3 months

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by DCG I sense a pattern in west coast, progressive-run cities… From MyNorthwest.com: A plan is being set in motion Monday to deal with Olympia’s homeless population with what the city is calling a “mitigation site.” The goal is to end the situation with homeless people living tents all around downtown Olympia by moving them to a … Read more

Obama Has Ensured That Trump Will Never Stop Campaigning, Even After He Leaves Office

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by Free Market Shooter Since President Trump took office, former President Obama has been opposing his administration at every turn, touring the entire world, serving as the effective leader of “the resistance” to Trump administration policies.  This is in direct violation of the unspoken rule among ex-Presidents to allow the current President to do is job.  And as … Read more

Infinite-dimensional symmetry opens up possibility of a new physics—and new particles

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Infinite-dimensional symmetry opens up possibility of a new physics—and new particles November 16, 2018, University of Warsaw For a half-century, physicists have been trying to construct a theory that unites all four fundamental forces of nature, describes the known elementary particles and predicts the existence of new ones. So far, these attempts have not found … Read more

RETAINING VALUE

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by Jim Quinn Gold certainly hasn’t been a great investment for awhile, but since December of last year, it is only down 4.4%. Meanwhile, bitcoin, the darling of the millennials has dropped a mere 75%. Ouch. That’s gonna leave a mark. Which of these “assets” is likely to retain its value over the next 5 … Read more