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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
I went into depth about this issue here in this episode. I was able to quantify what we are facing and I believe it’s important to get this knowledge download. Sadly the majority of the public has a sense of unwilling to believe that central banks will not only allow a crisis to unfold, but … Read more
https://www.youtube.com/watch?v=-AHYqzPBvQk Paris Wade from Political Entertainment Network reports, Democratic Presidential contender Kamala Harris is having a hard time drumming up support for her campaign. She is not in the last place, but she still trails well behind other candidates such as former Vice President Joe Biden and Sen. Bernie Sanders.
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/…
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
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
via CNBC: Whether or not the U.S. is going into a recession is on the minds of Americans everywhere. Google searches show recession fears have spiked dramatically since the end of July, when the Federal Reserve cut interest rates for the first time since the financial crisis. Data is coming at investors from every angle … Read more
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
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
New orders fall at fastest pace for over ten years in August… https://www.markiteconomics.com/Public/Home/PressRelease/0eb246b93e744b8c9c7dd33596b6264c
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
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
by WSBConsensus 1) Fed is easing, but without HY spreads or jobless claims spiking, both of which typically deteriorate into a recession. Crucially, if initial Fed cuts are not followed by a recession, the next 3, 6 and 12 months equity returns were historically very strong– 2) Global activity momentum is likely to look better … Read more
by invest2018 http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13622252&RcvdDate=8/30/2019&CoName=TAILORED%20BRANDS%20INC&FormType=SC%2013D&View=html Stock is down over 60% YTD for no good reason. People claim that workplace casual is killing $TLRD, but workplace casual has been trending for the past decade and the company has still posted growth numerous times throughout the decade. Demand for suits will always be there because of weddings, funerals, bar … Read more
by howmuch International trade has been in the news lately, with a growing standoff between not just the United States and China, but even the U.S. and Europe. The focus of these headlines is usually on trade in agriculture and physical goods, but trade in financial services matters too, and has its own looming issues. Total global exports … Read more
by ron paul The US Constitution never granted the federal government authority to create a central bank. The Founders, having lived through hyperinflation themselves, understood that government should never have a printing press at its disposal. But from the very beginning of America’s founding, the desire for a crony central bank was strong. In fact, … Read more
by Fabius Maximus Summary: Americans consider a prosperous middle class to be our just due. We forgot how generations of union activists helped create it. The middle class existed for only a few generations, and survived the crushing of unions by only a few decades. On this Labor Day let’s remember the lost history of the … Read more
by Jesse “The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil. Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be … Read more
https://www.youtube.com/watch?v=nOLG4ufAuLI Eighty years ago this week, Britain declared war on Nazi Germany. Within months, we stood alone with the Hitlerite hordes, at the Channel ports, preparing to invade us.
Reddit is expanding their Anti-Evil team. In August, several positions opened in the world of Reddit’s Anti-Evil operations, a shadowy content-moderation initiative which, according to the company, “works almost entirely behind the scenes.” However, few users and moderators truly understand the content policy, nor are they meant to. One potential implication is the action is … Read more