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by Daisy Luther One of the most common reasons that people give for not prepping is the cost involved. People seem to have this mental image of a bedroom or basement dedicated to being filled to the rafters with cans of Chef-Boy-Ardee. They imagine someone going out and spending $5000 at a time for a … Read more
by Frank Holmes, CEO, U.S. Global Investors On behalf of everyone at U.S. Global Investors, I want to extend my most heartfelt condolences to the victims and their families of the two mass shootings over the weekend in El Paso, Texas and Dayton, Ohio. I pray for healing throughout this great country as well as … Read more
by Raúl Ilargi Meijer Odilon Redon Peyrelebade landscape 1880 It’s never easy to gauge what exactly is happening in China, or why the CCP Politburo takes the decisions it does. Today, or overnight, is no exception to that. However, one thing that appears certain, but which I don’t see reflected in all the analyses, is that Beijing … Read more
via antiwar: America, John Quincy Adams said in 1821, “goes not abroad, in search of monsters to destroy. She is the well-wisher to the freedom and independence of all. She is the champion and vindicator only of her own.” That’s as good a summary ever spoken of the non-interventionist position. US Senator Lindsey Graham (R-SC) disagrees. He … Read more
by Michael Snyder When will Americans start to wake up and realize what is happening? At the end of last week, President Trump announced that the U.S. would be imposing a 10 percent tariff on 300 billion dollars worth of Chinese imports, and that marked a dramatic escalation in our trade war with China. This … Read more
by Michael Snyder Our trade war with China has begun to spiral out of control, and as a result global financial markets have been thrown into a state of turmoil. On Monday, the Dow Jones Industrial Average fell 767 points, and that represented the sixth-largest single day stock market decline in all of U.S. history. … Read more
by Charles Hugh-Smith There are no guarantees, no matter how monumental the hubris and confidence. The American lifestyle and economy depend on a vast number of implicit guarantees— systemic forms of entitlement that we implicitly feel are our birthright. Chief among these implicit entitlements is the Federal Reserve can always “save the day”: the Fed has the tools … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The deepest plunge since the Financial Crisis, but more persistent. Global chip sales plunged 16.8% in June from June last year, to $32.7 billion, on a three-month moving average basis, and are down 22% from the peak in October 2018, according to the World Semiconductor Trade Statistics today. As deepest and most relentless … Read more
by mark000 FOMC in September not dovish ATH in first week of October Powell says many more rate hikes to come at some interview, market wants no more hikes 6 sessions after ATH we were -6%ATH 9 weeks later (December 13) we were still only -8%ATH after lots of funtimes on the stock market … Read more
Jeff Bezos sold an additional $1 billion worth of Amazon.com Inc. shares last week, shortly after cashing in $1.8 billion, stock exchange filings show. He disposed of 532,120 shares on Thursday and Friday after selling nearly a million shares earlier in the week. Read more: Bezos Sells $2 Billion of Amazon Stock After 4% Stake … Read more
The wealthiest 500 people on Earth lost 2.1% of their collective net worth on Monday as U.S. stocks plunged in their biggest drop this year. Twenty-one members of the Bloomberg Billionaires Indexlost $1 billion or more as investors reacted to stepped-up tensions between the U.S. and China. Amazon.com Inc. founder Jeff Bezos declined the most, shedding $3.4 billion … Read more
1998 first had a plunge – minor countertrend through first half of aug – then plunge into sept pic.twitter.com/2K34LNKWSu — Alastair (@StockBoardAsset) August 6, 2019 trump needs a trade deal or everything falls apart pic.twitter.com/G2XaRfFCxZ — Alastair (@StockBoardAsset) August 6, 2019 Scotiabank: Dollar/Yuan Breaching 7 Amid Escalated Trade Tensions pic.twitter.com/ahKOiJAx0H — Alastair (@StockBoardAsset) August 6, … Read more
via Zerohedge: Passengers on Hong-Kong-based Cathay Pacific have been warned that their movements and preferences will be recorded by the airline via seatback in-flight entertainment screens equipped with cameras, according to News.com.au. Seatback entertainment system camera (via news.com.au) What’s more, the airline says the data will be stored indefinitely, or “as long as necessary.” Their new policy … Read more
by Jeff Clark, Senior Analyst, GoldSilver Many readers liked the tables we presented of possible gold/S&P 500 ratios and what that would mean to prices of each asset. If you didn’t catch it, check out what the future could look like for gold vs. the stock market. Given the current action in stocks and precious metals, … Read more
Sounds like an act of war: http://archive.is/4Wmta
via @crossbordercap:
https://www.cnbc.com/2019/08/03/apple-rd-spend-increases-fulfilling-tim-cook-doctrine.html Apple R&D spending is at all-time highs. It’s also spending the largest proportion of its revenue on R&D since 2003. Apple CFO Luca Maestri hinted that R&D would continue to rise, and said that the company’s $1 billion purchase of 2,000 Intel employees would require “upfront investment.” Another comparison: Apple’s R&D expense is still … Read more
Interesting take on the situation with Beyond Meat secondary offering… https://www.bprising.com/articles/beyond-meat-insiders-pull-questionable-secondary-offering Something that really seems to be lacking these days in business is integrity. Everyone seems to be out chasing the short term gain and satisfaction. Eventually this attitude always costs those who pursue it. Sure, it may seem like you are winning in the … Read more
Chart: Copper futures contract – pic.twitter.com/TXfnRJQ35f — (((The Daily Shot))) (@SoberLook) August 5, 2019 Chart: Germany's 30yr yield and the yield curve (fully negative) – pic.twitter.com/lzN15eRw9O — (((The Daily Shot))) (@SoberLook) August 5, 2019 Chart: 10yr – 1yr Treasury spread – pic.twitter.com/YFPM3My10R — (((The Daily Shot))) (@SoberLook) August 5, 2019
