by gorillaz0e Graph of this issue: https://pbs.twimg.com/media/Do2RFrvXsAAdrVM.jpg Since 12/31/2006, the weighting of the financial sector has decreased considerably. The global financial crisis of 2008 dropped the weight of the sector temporarily to just 11%. Financial services recovered quickly after the crisis but the sector is still much smaller compared to other sectors than it was before … Read more
by HereAboutAThing In the book Millionaire Next Door a number of facts are stated including the average prices of the cars, suits, and watches. 30k, $300, and $200, respectively. These values are often recited as guidelines for r/pf readers but rarely seem to be adjusted for inflation. This is bothersome because it obscures the facts and should … Read more
The average rate on the 30-year fixed sat just below 4 percent a year ago, after dropping below 3.5 percent in 2016. It just crossed the 5 percent mark, according to Mortgage News Daily. While more people think now is a good time to buy a home, according to a monthly sentiment survey from Fannie … Read more
by TopAnalyst For those too lazy to read, here’s a quick summary: – Nvidia makes most of its money from high-performance graphic processing units (GPUs) – Their GPUs are ideal for training artificial intelligence – In fact, Amazon, Google, Facebook, and other tech giants use Nvidia’s GPUs to train their AI – Not only that, most self-driving … Read more
Snap Inc. “is quickly running out of money” and may need to raise capital by the middle of next year, according to a scathing new research report from MoffettNathanson. In order to reach Chief Executive Officer Evan Spiegel’s goal of profitabilityin 2019, Snap would need to grow “massively faster” than expected and cut costs aggressively, analyst … Read more
Neuroscientists behind the project called it “BrainNet”, a “multi-person non-invasive direct brain-to-brain interface for collaborative problem solving”. In layman’s terms, researchers from the University of Washington and Carnegie Mellon University figured out a way to connect three brains (still attached to their human hosts!) and have the owners of said brains make collective choices together … Read more
by Michael Lebowitz Here are two statements from the Federal Reserve’s Federal Open Market Committee (FOMC) immediately following their interest rate decisions of August 1, 2018 and September 26, 2018. August 1, 2018 – In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal … Read more
LEAKED TRANSCRIPT OF PRIVATE MEETING CONTRADICTS GOOGLE’S OFFICIAL STORY ON CHINA “WE HAVE TO be focused on what we want to enable,” said Ben Gomes, Google’s search engine chief. “And then when the opening happens, we are ready for it.” It was Wednesday, July 18, and Gomes was addressing a team of Google employees who were … Read more
via wallstreetonparade: The 10-year U.S. Treasury note touched a 7-year high in yield early this morning at 3.25 percent before falling back to 3.22 percent in mid-morning trading. As rates have risen over the past year, we’ve witnessed a growing chorus of business writers repeating the following mantra, or words to this effect: bank stocks will do … Read more
The clandestine role of the Spanish government in a run on deposits that drained €29 billion from Catalan banks. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Just over a year has passed since over two million people in Catalonia voted in a banned referendum to leave Spain. On that day, the separatists were … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Asset-price inflation feels good to asset holders – until it doesn’t I was asked two important questions in this mind-boggling era of QE: The Bank of Japan has monetized 50% of its national debt; so why has there not been a surge of inflation? And why can’t the Fed restart QE … Read more
Global liquidity is rapidly shrinking as more central bankers begin to taper. The central banks know that they system cannot go any further so they need to bring it down and blame it on Trump fiscal policies. This is what the central banks are doing right now. China’s Yuan is now tracking gold, is this … Read more
Trump confuses press with paid protestors remark and then says some didn’t get check. Maxine Waters under investigation regarding her campaign.Assad grants amnesty to army deserters, but not those who committed crimes. Pelosi order FOIA on the FBI investigation which puts Feinstein in a tough position. Q drops more bread, the world is about to … Read more
by Michael Snyder We have repeatedly been told that the U.S. economy is “booming”, but meanwhile the middle class in the United States continues to be hollowed out. The financial bubbles that the Federal Reserve has created have been a great blessing for those at the very top of the economic pyramid, but most of the … Read more
by John W. Whitehead “You gotta remember, establishment, it’s just a name for evil. The monster doesn’t care whether it kills all the students or whether there’s a revolution. It’s not thinking logically, it’s out of control.”—John Lennon (1969) Long before Bette Midler was roundly condemned for tweeting “Women, are the n-word of the world,” John Lennon—never one to … Read more
Human resources study shows a stunning unintended backlash to the ‘Me Too’ movement. “There were men who specifically said I will not hire a woman going forward,” he explained. “Those who said they would hire a woman said they would not travel with one, and they, more importantly they would not engage in activities after … Read more
https://reason.com/reasontv/2018/10/09/stossel-socialism-fails-every-time It certainly has a lot of bad luck associated with it, for some inexplicable reason. h/t ED
GOODNESS: Brett Kavanaugh’s confirmation isn’t democracy. It’s a judicial coup. For all the justified outrage about sexual assault, involving allegations that Kavanaugh denied, the new supreme court justice represents an even bigger lie than his mindless fabrications about “ralphing” and “boofing”. He can blame his weak stomach if he likes; the rest of us are heaving … Read more
THE JOURNOLIST IS HOPPING: ● Republicans have a new name for Democrats: ‘mob.’ —CNN, Sunday. ● ‘An angry mob’: Republicans work to recast Democratic protests as out-of-control anarchy. —The Washington Post, yesterday. ● Republicans Seize On Stoking Fears Of Left-Leaning Mob To Mobilize Voters. —Talking Points Memo, today. ● The GOP’s sneaky attempt to paint the majority as an angry left-wing mob. … Read more
by wjean Today I learned that Wells Fargo has a $5K limit on online credit card bill payments; this is INSANE as I have a $25K or so credit line. I know this is a first world problem but just in case some of you are considering getting a WF credit card, here’s a vote … Read more
The Big Lie continues – Canadian Bank Bailouts (Links to relevant material below) https://www.theglobeandmail.com/opini… https://www.cbc.ca/news/business/bank… https://business.financialpost.com/ne… https://youtu.be/s1ug0hr3OZY
by Jeremiah Johnson via SHTFplan We are experiencing an ever-increasing level of surveillance over the citizenry, government censorship and closed-door policies, control and manipulation of the media, and a “hardline” shift of all institutions to the left. The institutions I’m referring to specifically are the educational system (better termed a system of indoctrination), the courts, the religious institutions…every … Read more
Up until very recently, there were essentially two kinds of business and economic reporting trends emanating since the 2008 Financial Crisis: Sanguine, triumphant and motivating news in the mainstream corporate transatlantic financial press, versus pensive, probing and skeptical viewpoints in the alternative economic press. The former was from sources tethered to the central and corporate … Read more
by jessefelder “The key to successful investing is having everyone agree with you — LATER.” -Jim Grant A while back my friend Mark Yusko introduced to an obscure book on investing and the markets called The Tao Jones Averages. In it, the author, Bennett W. Goodspeed describes what it is his company, Inferential Focus, seeks to accomplish: IF’s … Read more
John Rubino interviewed by Kerry Lutz on the Financial Survival Network John Rubino is back for another Monday… The government only knows one way, 1) if in a crisis, print money. 2) If the crisis continues, print more and more. If that doesn’t work go back to step one. We all know that the US Dollar and fiat currencies are … Read more