by Egon von Greyerz In a world based on fake paper and fake electronic money as well as fake asset values, the real significance of gold has got lost. With endless credit expansion and money printing, all asset prices have exploded and investors have made fake profits that seem real. But the imminent secular downturn … Read more
by greendoc Sounds bad. looking at the twitter feed for #Campfire now. People fled on foot, leaving cars behind. the cars are burning now. Hospital threatned. 70 trapped at Walmart, 40 at hospital, 150 trapped at Walgreens, another 150 trapped at an Industrial park. Chico may be in danger. Lots of gusting winds. I’m in Santa … Read more
via Reuters: Venezuela’s consumer prices rose 833,997 percent in the twelve months through October, according to a report by the opposition-controlled Congress published on Wednesday, the latest sign that policy changes in August failed to halt rampant hyperinflation. Monthly inflation decelerated to 148 percent from 233 percent in September, the data showed, but left the OPEC … Read more
by Darius Foroux The reason I study productivity is because I’m an unproductive person. I truly am. I sleep too much. I talk too much. I read too much. I listen to music all day. I watch movies. I buy gadgets that turn me into a zombie. If it wasn’t for my productivity system, I wouldn’t … Read more
via Bloomberg: Many Americans cite leading a stress-free life and having “peace of mind” as their personal definition of wealth. That doesn’t sound too money-centric on the face of it—until you consider that money, or specifically the lack of it, is a major source of stress. Americans don’t like to admit that assets can buy happiness—just 11 … Read more
via UKHouseOfCommons: Tools: Excel and Inkscape Source: Bulletin of Atomic Scientists, Nuclear Notebook, SIPRI, SIPRI Year Book, ICAN, Nuclear Weapons Timeline, Bulletin of Atomic Scientists, United States nuclear forces 2018, Bulletin of Atomic Scientists, Russian nuclear forces 2018.
It's official! Crude #oil is now in a bear market and it took just over one month to get there. pic.twitter.com/cR37lJTcUP — jeroen blokland (@jsblokland) November 8, 2018 Besides today, there were 5 times in the history of WTI futures that oil prices declined 9 days straight. Four of those continued with substantial bear markets … Read more
via @neilazous: MS: Only SPX beating inflation BAML: Only 23% of 300 assets have positive return DB: 89% of asset classes have negative total return in $ terms State Street: 1st time since 1990 global stocks/bonds negative
by TFittonJW Heavy lifting on key scandal by Judicial Watch: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-sues-doj-for-records-of-investigations-into-the-awan-brothers-congressional-democrat-it-scandal/ Our major panel on the Hill:
via NaytaData: Source: World Bank and IMF Tools: R and QGIS In 1980 there were only two countries in Africa with a lower GPD per capita than China: Guinea-Bissau and Uganda. Nowadays it’s a whole different story: only Equatorial Guinea had a higher GDP per capita than China. Also the Seychelles had a higher GDP per capita in 2016 … Read more
via zonination: Data came from this atrocity, which had truncated bars. I did the minimum for remixing, which was transforming it to proper coordinates. More reasons why bar chart baselines should always start at 0. https://flowingdata.com/2015/08/31/bar-chart-baselines-start-at-zero/ http://www.storytellingwithdata.com/blog/2012/09/bar-charts-must-have-zero-baseline https://chandoo.org/wp/start-your-bar-charts-from-zero/ Tools used: R and ggplot2. Raw script Data source: here which you can import directly in R via library(tidyverse); ip<-read_csv(“https://pastebin.com/raw/XsFrQWCa”)
by NineteenEighty9 I’m glad it says paid advertisement but I wish they wouldn’t make it look so much like a legitimate news article.
In a New York Times interview, Google CEO Sundar Pichai said when the company follow’s Europe’s “right to be forgotten” laws, “we are censoring search results because we’re complying with the law.” Google faced internal and public backlash earlier this year when the Intercept reported the company was working on a censored version of its … Read more
via CNBC: Entrepreneur Andrew Yang has a big goal for a relatively unknown business person: to reach the White House. And he’s aiming to get there by selling America on the idea that all citizens, ages 18-64, should get a check for $1,000 every month, no strings attached, from the U.S. government. Yang, 43, who was born … Read more
via zerohedge: This is how housing markets turn. Slowly, then all at once. Seven years of Seattle home prices outpacing wage growth because of low rates; bidding wars replaced by sales at the asking price; days or weeks on the market turning into months; sellers reduce home prices; surging mortgage rates; buyers disappear, and wallah- a … Read more
The debt level for American’s is completely unsustainable. Most of the people need to use credit or they wouldn’t be able to survive. The amount of personal debt has increased dramatically. American’s have been resorting to payday loans to make ends meet. DR Horton reports that housing sales are declining because of the rising rates … Read more
https://www.justice.gov/opa/pr/doj-and-dhs-issue-new-asylum-rule Acting Attorney General Matthew Whitaker and Department of Homeland Security Secretary Kirstjen Nielsen today announced an Interim Final Rule declaring that those aliens who contravene a presidential suspension or limitation on entry into the United States through the southern border with Mexico issued under section 212(f) or 215(a)(1) of the Immigration and Nationality Act … Read more
BY JOHN MAULDIN Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash yet. Whether it’s wise or not depends on what you buy. Debt to educate yourself so you can get a better job may … Read more
by Thinker Shouldn’t there be some concern somewhere over a very close vote, by a woman Maxine Waters who has been in office since 2009, and she can’t get more than twenty people to show up for a meet and greet? All those years and who comes??? Those are street girls getting paid to listen … Read more
by Thinker Now that Sessions is out, maybe there is hope for the cannabis industry to make it a United States and not a divided one when it comes to laws, use, and cures of cannabis. Jeff Sessions…was he paid to speak out against cannabis. Sessions resigned at the request of President Donald Trump. Though … Read more
https://www.youtube.com/watch?v=bKBEw2qs5bk https://www.youtube.com/watch?v=4SltC… Sessions’ replacement a critic of Mueller investigation
by Thinker Want to give credit to the “War Drummer” for information that is not being found in the mainstream media, and presenting some of the most professional news stories. If you haven’t been to the Youtube site of the “War Drummer,” then after hearing the latest broadcast, take time to make your way for … Read more
by Thinker Why did Donald Trump, a businessman run for the presidency of the United States??? Did the words of many who now can be called your hero, with “TRUTH” in their words, inspire Donald Trump to want to change the direction of United States??? In 2009, a documentary “Fall of the Republic” produced by Alex … Read more
via marketwatch: Debt-fueled corporate buybacks will be crucial to sustained stock-market rebound: Canaccord Genuity Stocks may have ripped higher Wednesday in a bout of post-midterm relief, but the “smart money” doesn’t appear to be buying into the November bounce, noted one analyst, who argued that equities, as a result, could yet retest their October lows and … Read more
by Thinker The top Democrat on the House Judiciary Committee was overheard Wednesday discussing Democrats’ plans to investigate and try to impeach Supreme Court Justice Brett Kavanaugh. New York Democratic Rep. Jerrold Nadler took a series of phone calls while riding the Acela train from New York to Washington, D.C, not knowing that The Federalist’s … Read more