The Dumb Money Is Nearing Maximum Confidence

via sentimentrader: Confidence nears upper bound Over the last couple of days, Dumb Money Confidence has poked above 80%. While it has gone higher over the past 20 years, this is in the top 2.3% of all readings.’ It’s high enough that it has preceded weak returns, especially in recent years, and those times when stocks … Read more

2019 Central Bank Gold Reserves Survey Signals More Buying to Come

via gold.org: Our Central Banks and Public Policy team have just published the results of the 2019 Central Bank Gold Reserves Survey. The survey gives a fascinating insight into the minds of central bankers and is especially timely since central banks continue to post record-breaking levels of net gold purchases in recent quarters. Some of you might … Read more

Housing starts, Architecture index, Foreign home buyers

by WARREN MOSLER Rolled over and on the decline and from highs that were at historically depressed levels: Now in contraction: From the AIA: Design services demand stalled in June, Project inquiry gains hit a 10-year low Demand for design services at architecture firms decreased in June in comparison to the previous month, according to a new … Read more

Netflix – The case for continued decline

by New_Slant   Down 11% after earnings. Horrible new subscriber numbers. IMO, NFLX will continue to tank into the low 200s. It might dead cat bounce here and there but the trend going in 2019 and 2020 is down. Facts and Opinions It’s US subscription base is saturated. It’s the most stable, profitable. To increase … Read more

Earnings season likely to be very disappointing and The downturn in US manufacturing has now caught up with that in world economy and is beginning to look like that of 2015-6.

earnings season likely to be very disappointing pic.twitter.com/fDzgWJEkTD — Alastair (@StockBoardAsset) July 17, 2019 Earnings season is starting off with a bang!$NFLX down 13% in the after-market on US subscriber drop. Market bulls will try to shrug this off, but this frothy bellwether stock may just be one of the first to crack at the … Read more

WALKAWAY: Mark Sanford, SC Republican, former US Rep, considers presidential run against Trump

via postandcourier: Almost a year after President Donald Trump urged voters to reject Mark Sanford, the former South Carolina congressman is considering a Republican presidential run of his own against Trump in 2020. Sanford, in an interview Tuesday with The Post and Courier, confirmed he will take the next month to formulate a potential run against … Read more

Trump Turns On MAGA; Disavows ‘Send Her Back’ Chant At Rally; Dems Call For Increased Security

Trump says not happy with backers’ ‘send her back’ chant WASHINGTON (AP) — President Donald Trump said Thursday he was unhappy with his supporters chanting “send her back” after he assailed a young Democratic congresswoman who he’s suggested should leave the U.S. Speaking in the Oval Office, Trump claimed he tried to stop the chant, … Read more

What Are Wage and Hour Violations?

There are few things more frustrating than your employer refusing to give you fair compensation. In many cases, such employers go unpunished because they expect their employees to be too unfamiliar with the law to press the issue. Two of the main ways that employers trick their employees out of payment are breaking minimum wage … Read more

It’s Un-American To Be Anti-Free Speech: Protect the Right to Criticize the Government

by John Whitehead “Since when have we Americans been expected to bow submissively to authority and speak with awe and reverence to those who represent us? The constitutional theory is that we the people are the sovereigns, the state and federal officials only our agents. We who have the final word can speak softly or angrily. … Read more

A closer look at the unemployment rate…

From the New York Times: These should be the best of times for working people. After all, the unemployment rate is just 3.7 percent, near its lowest level in almost 50 years. If that were our only guide, then we might conclude that virtually every adult in the United States who wants to work is either … Read more

Over 2,000 files in Jeff Epstein case to be released within a few days. Courts latest order here:

Over 2,000 files in Jeff Epstein case to be released within a few days. Courts latest order here: pic.twitter.com/SZj73BCe3l — Cernovich (@Cernovich) July 17, 2019 lot of people are on the barrel with the Epstein case. Here is vanity fair article about them. https://www.vanityfair.com/news/2019/07/jeffrey-epstein-case-grows-more-grotesque     AC

Doctors are still making the most money

From Bloomberg: Tech jobs are supposed to be the golden door to wealth in 21st century America. But Bloomberg’s Work Wise – our special report on how young professionals can get ahead, make money and give back – reveals that some things haven’t changed since the last century. Remember when your mother told you to be … Read more