Industrial Metals & CRB Index slammed on a monthly chart — global slowdown fears?
Industrial Metals & CRB Index slammed
Billionaire Ray Dalio: AI is widening the wealth gap, ‘national emergency should be declared’
From CNBC: Billionaire hedge-fund founder Ray Dalio says artificial intelligence and automation are improving productivity but also causing such a dramatic wealth gap that “a national emergency should be declared.” The co-chief investment officer and co-chairman of Bridgewater Associates shared his thoughts in …
Scientists find quadrillion tons of diamonds in ground
via metro.co.uk: Don’t tell the Hatton Garden gang: scientists just unearthed an eye-watering hoard of diamonds, so valuable it would completely destroy the world’s economy. The scientists reckon there’s a quadrillion tonnes of diamond buried in the ‘cratonic roots’ in continents. …
Breaking: Rosenstein Summoned to White House— Buckle Up. UPDATE: Trump to Address Public on Russia Visit at 2pm
Deputy Attorney General Rod Rosenstein was summoned to the @WhiteHouse this morning, reports @NBCNews. Deputy Attorney General Rod Rosenstein was summoned to the @WhiteHouse this morning, reports @NBCNews. — Steve Herman (@W7VOA) July 17, 2018 UPDATE— #BREAKING @PressSec says President …
I just lost $20,000. A cautionary tale…
by stock_throwaway_123 Throwaway account since I’m giving actual dollar values here. I do data-driven short-term trading via a homegrown system, and I got burned by brokerage behavior I hadn’t known was possible. So, last month my system told me to …
US 5th Circuit Court of Appeals rules FHFA unconstitutional but upholds net worth sweep (FNMA / FMCC)
http://www.ca5.uscourts.gov/opinions/pub/17/17-20364-CV0.pdf
Chart: Cash is looking increasingly attractive relative to stocks; S&P 500 dividend yield less 3-month T-bill yield
S&P 500 dividend yield less 3-month T-bill yield – 3-Month Treasury Bill yield closes above 2% for the first time since June 2008. 10-year high.
This Has Either Preceded A Us Recession, A Pause In The Fed’s Hiking Pace, Or Both”
“Eurodollar curve inverted e.g. in 2020 (Dec20 vs Dec!9). Since the start of the Greenspan era in 1987 this has either preceded a US recession, a pause in the Fed’s hiking pace, or both,” h/t @enlundm https://ndea.mk/2NiABOW People want to …
Trump “As of Today, the Cold War is Over”. Trump-Putin Helsinki Summit – Full Press Conference And Selected Highlights
by Ian Shilling The Full Press Conference https://www.pscp.tv/w/1BRJjeoqEYBGw?t=1h19m53s Click on the date (July 16,2018) on each tweet below to view the short extracted video clip for that tweet. Trump declared: As of today the Cold War is over. So far it …
Trouble Ahead For The Housing Market
by Adam Taggart Shutterstock Our good friend John Rubino over at DollarCollapse.com just released an analysis titled US Housing Bubble Enters Stage Two: Suddenly Motivated Sellers. He reminds us that housing bubbles follow a predictable progression: Stage One: Mania — Prices rise …
Netflix lost $17.8 million for each of its 112 Emmy nominations
by Simon Black It was only a few day ago that Netflix was riding high. The streaming company had been nominated for a whopping 112 Emmy awards, more than any other network. And they’d further managed to unseat HBO’s 17-year reign …
Money Velocity VS Federal Debt
In the 1980-1990s velocity was healthy and debt was manageable. In the mid 1990s velocity began its long collapse as government debt took over, accelerating after 2008. Concept request via @MI_Investments
HUH – HOW DID HUNDREDS OF THOUSANDS OF YEARS OF “BAD LUCK” START TO END?
Ocasio-Cortez Credits Prosperity Under Capitalism to ‘Course of Human Evolution.’ She granted that capitalism was temporarily the “most efficient and best” system, but that it must change “as we evolve.” “We’re starting to see that the people who create value …
BLAME THE MESSENGER
A large, longitudinal, randomized, controlled study recently found that Tennessee’s pre-kindergarten program for low-income children had modestly NEGATIVE effects on academic achievement once the children were in the third grade. The program participants also had more disciplinary problems than non-participants, most …
HATE YOUNG PEOPLE? TRY A MINIMUM WAGE: More evidence of the harm minimum wages are doing to young people trying to gain job skills
This time from Minnesota: Following the minimum wage increases limited service restaurant employment fell by 4% in Minnesota relative to Wisconsin. Further, youth employment fell by 9% in Minnesota following the minimum wage increases, while it increased by 10.6% in …
EVERGREEN HEADLINE: Rand Paul: “Trump Derangement Syndrome” Has Gone Over The Top And People Have Lost The Big Picture.
via realclearpolitics: Yep. People can’t just make a legit criticism and stop. They have to “bury it in crazy” talking about Trump being a Russian agent and assorted other BS. You saw some of this crazy on the right under Obama, but it …
OUCH: New Poll Suggests Dems Turn Against Hillary Clinton, Joe Biden, Bernie Sanders for 2020. “73 percent want ‘a fresh face’.”
via pjmedia: A new poll may sound the death knell for three leading Democrats eyeing the 2020 presidential election. While many Democrats are eyeing the chance to face President Donald Trump in two years, some old contenders have made their presence …
Find Out How Much Your Country Spends on Research & Development
by howmuch Spending money on research and development is a funny thing. It’s hard to tell what’s going to be a success, and sometimes the results aren’t valuable for decades. For example, Uber is investing heavily in driverless cars with the …
How High Can the Cannabis Market Go? MJ Freeway CEO Explains
While regulators have been slow to update the rules governing marijuana, investors have been caught up by reefer madness as money has continued to flow into the $14.5 billion market. This growth has also attracted a number of disruptors including …
AMD shares rise after Stifel predicts higher profitability for chipmaker
by EquityTom Source CNBC AMD’s new chips will boost the company’s profit margin in its third quarter, according to Stifel. The firm raised its price target for AMD’s stock to $21 from $17 and reiterated its buy rating for the company’s …
FDA Recalls Blood Pressure, Heart Drugs Over Cancer Concerns
https://www.youtube.com/watch?v=jcVIKdGA448 The U.S. Food and Drug Administration has issued a voluntary recall of several medications used to treat high blood pressure and heart failure over concerns that an active ingredient in the drugs could be contaminated with a cancer-causing agent. …
Remember when CNBC producers & hosts brainwashed an entire generation of millennials to buy BTC & $NFLX respectively at each of their ATHs?
Remember when CNBC producers & hosts brainwashed an entire generation of millennials to buy BTC & $NFLX respectively at each of their ATHs? This hopeless generation stuck in gig-econ should realize they're stuck & speculating in markets for a better …
Negative Rates are not an exception anymore. No wonder global debt soars to all-time highs and growth disappoints
Companies are investing as much as they need. Capex is not risng as much as central planners expect, that is all. Not because corporations are evil or stupid or lazy, but because overcapacity and risks outweigh returns. The Rise of …
San Francisco allows non-citizens to vote
by Dr. Eowyn Why bother to become a U.S. citizen? Fox2 KTVU reports, July 16, 2018, that in 2016, San Franciscans voted to become the first city in California to allow non-citizens to vote in a local election. Measure N was passed with …
Sanctuary California: Illegal alien who attacked wife with chainsaw was previously deported 11 times
by DCG This is why we need ICE. From Fox News: An illegal immigrant alien who allegedly slashed his wife with a chainsaw at their California home was previously deported 11 times before he was arrested Thursday in the gruesome attack, immigration officials said. …
Watch: Hillary Clinton’s Most Outrageous Lies Exposed!
In this episode of Newsbud’s Off Limits with Spiro, we examine the biggest lies of Hillary Clinton. Show Notes: https://bit.ly/2L3OdRT
Why Are Crazed Naked Zombies Running Around Inside Walmart Stores Stabbing And Biting People?
by TraderStef of CrushTheStreet The Walmart stock chart looks interesting, but let’s address those naked zombies first. An article caught my attention today while surfing the financial landscape. It was about a person who decided to stroll through his local Walmart store butt …
SPOT THE DIFFERENCE
by Jim Quinn Homogeneous Croatia loses the final: Party. Diverse France wins the World Cup: Riots all over the country Western Europe France ‘celebrates’ World Cup victory: 292 arrests, 45 injured police officers and 2 dead civilians. https://voiceofeurope.com/2018/07/france-celebrates-world-cup-victory-292-arrests-45-injured-police-officers-and-2-dead-civilians/
Air Force Admits to Spending $10,000, a Piece on TOILET SEAT COVERS for a Cargo Plane
by Thinker When there isn’t anyone counting the free tax dollars flowing in, its easy to see how the Pentagon has gone from $2.3 trillion to over $9 trillion U.S. tax dollars. Lost, can’t find, don’t know where it went? …
WTF Just Happened? Stock Market Ignores Trade War And A Broke Consumer
by Eric Dubin and Dave Kranzler via Investment Research Dynamics Every month Government, corporate and household debt hits a new all-time high. The entire financial system is heading down an unsustainable path of debt issuance. The delinquency rate for auto and credit card debt is …