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by triplealpha Like a lot of people every month I get a water bill, electricity bill, internet, you get the idea. Most months I open my mail, verify that the bill looks roughly similar to last month and let autopay take care of the rest. But since last year I have started an excel spreadsheet … Read more
via CNBC: After years of development, J.P. Morgan is releasing a digital investing service called You Invest Portfolios. For an annual fee of 0.35% of assets, J.P. Morgan will put users into an investment portfolio made up of the bank’s ETFs. Unlike most rivals, J.P. Morgan is waiving fees for the underlying investments, which should … Read more
View post on imgur.com h/t TheFadedBull
Legendary investor Jim Sinclair and his business partner Bill Holter say Gold is going much higher. It’s a mathematical certainty. Sinclair says, “You need to look at gold, not a speculation, but as a savings account. If the dollar gets sliced in half, you basically double the value (of your gold) if not more. I … Read more
By Tsvetana Paraskova Lower output from Russia’s largest oil producer Rosneft has resulted in total Russian production falling to a near three-year low in early July, Reuters reported on Tuesday, citing industry sources. Russia’s oil production in the first days of July averaged 10.79 million bpd, the lowest level since August 2016, when production stood at 10.71 … Read more
via @TaviCosta: In contrast: – PMI employment is at its lowest level since GFC – Retail sales are near 15-year lows – Car sales are plunging – Pork prices are soaring
From the Associated Press: Nearly one-quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals’ retirement plans and the realities of aging in the workforce. Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they’d like. According to … Read more
By Tsvetana Paraskova China set a fresh monthly crude oil import record in April and continues to import growing volumes of crude oil this year, accounting for an estimated two-thirds of global oil demand growth in 2019. Yet, a rough estimate of actual Chinese oil consumption patterns lately suggest that the U.S.-China trade war has … Read more
From the Associated Press: Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs. Roughly two-thirds, 67%, describe their financial situation as generally good, up slightly from 62% who said so at the start of the year, according to … Read more
via politico: Democrats’ signature policy proposal to raise the federal minimum wage would cost roughly 1.3 million jobs nationwide, even as it boosts wages for 17 million workers and lift 1.3 million families out of poverty, according to a report by the Congressional Budget Office released Monday. The report — which offers the most detailed analysis to date … Read more
California sold billions of dollars worth of bonds based on PROJECTED taxes on tobacco cigarettes. Then vaping came along and blew their projections out. AC
Clearly, conservatives have more common sense “More than three out of four conservatives say that they do not trust Facebook to treat all of its users equally, according to a new poll, which adds that more than half of respondents also said they hold the same views regarding Google, YouTube, and Twitter. The poll was … Read more
https://www.youtube.com/watch?v=JFhMZvhNRLk Several days of persistent heavy rain in south China’s Guangxi Zhuang Autonomous Region resulted in severe flooding, causing widespread damage, leaving motorists stranded & forcing the evacuation of thousands of local residents. According to the Ministry of Emergency Management, over 6,000 people trapped in floods in Guangxi have been successful rescued by Tuesday.
by Orangutan Whistle blowers and investigative journalists need more of a role in society than they already have. For some reason they aren’t respected enough for what they do. Part of human nature I suppose. This one deserves the recognition.
Tom Steyer, who has led a two year campaign to impeach President Trump, and devoted years as a climate crusader alarmed at global warming, just announced he’ll spend $100 million to get the Democratic nomination for president. Can Steyer’s billions buy the White House? Should the Democrats pick a wealthy populist outsider to face Trump? … Read more
by Martin Armstrong QUESTION: you spoke about trump draining the swamp, how would you drain the swamp, we agree it needs draining? tg ANSWER: The first thing you have to do is eliminate the control of the regulatory agencies by the bankers. Enough is enough. We must start there. We will NEVER see any hope for the … Read more
by Martin Armstrong QUESTION: Your correlations about the weather have been very interesting. What I understand is that as the climate has shifted into solar minimum, the weather gets more volatile with colder winters and spike heat waves in summer that decline in duration. Then for some reason, this is also the same period when volcanoes … Read more
by Martin Armstrong QUESTION: Hi Marty, Happy 4th July to you & your team. My question is: Have the Central Banks now created an asymmetric trade (free bet!) with respect to the stock market? It appears they cannot let any market fall. Sincerely, Alan ANSWER: I understand many people always look for some party to blame for … Read more
By Nick Cunningham Oil demand continues to soften, which could result in a supply surplus in the second half of this year. In its latest Short-Term Energy Outlook, the EIA downgraded its forecast for global oil demand growth to just 1.1 million barrels per day (mb/d) this year, down from the 1.2 mb/d the agency forecasted … Read more
