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via CNBC: The second quarter flash numbers are “quite disastrous… way below even the worst street forecasts,”said Selena Ling, head of treasury and strategy at OCBC Bank, adding that the main drag remains manufacturing. In the second quarter, manufacturing contracted 3.8% from a year earlier after shrinking 0.4% in the quarter earlier. Singapore authorities … Read more
by visualcapitalist Within the hierarchy of precious metals, there is only one metal that could arguably stand above gold, and that is platinum. This is due in large part to the metal’s rarity throughout history. Its earliest known use was on the Casket of Thebes in Ancient Egypt. South American Indigenous populations also used platinum for jewelry. … Read more
By Global Risk Insights Japan has adopted a peaceful approach towards nuclear technology, limiting it to the use of supplying electricity. This is despite being the only nation to have suffered devastating effects of nuclear warfare. However, the 2011 tsunami triggered an accident at the Fukushima nuclear plant and dramatically changed public sentiment with widespread protests calling … Read more
via NYT: Mr. Epstein is routinely described as a billionaire and brilliant financier, and he rubbed elbows with the powerful, including former and future presidents. Even after his 2008 guilty plea in a prostitution case in Florida, he promoted himself as a financial wizard who used arcane mathematical models, and he often dropped the names … Read more
The U.S. initial public offering market is slated for its largest week since 2015, with several upcoming stocks to watch. Uber kicked off the latest round of IPOs on Monday, May 6. It was also the biggest IPO since Alibaba in 2014 and Facebook in 2012. Curious about which stocks you should watch over the … Read more
via npr: The Trump administration has announced an ambitious plan to change treatment for kidney disease in the United States. President Trump signed an executive order Wednesday directing the Department of Health and Human Services to develop policies addressing three goals: reducing the number of patients developing kidney failure, reducing how many Americans get dialysis … Read more
via amgreatness: We’re currently witnessing one of the greatest attempts at mass bribery in history. With each passing week the Democrats running for the 2020 nomination offer yet another bribe for winning more votes. The most recent is Senator Kamala Harris’s $100 billion dollar plan for black home ownership. But this is child’s play compared to … Read more
FCC Dings Left-Wing Nonprofits For Using Federal Program To Finance Pet Projects. An FCC commissioner is blowing the whistle on left-leaning groups he believes might be scamming a program designed to help deliver high-speed internet to public schools. “These organizations are stockpiling significant amounts of cash,” FCC Commissioner Brendan Carr said about nonprofits who appear … Read more
By Tsvetana Paraskova Two consumer groups opposed to fossil fuels are calling on California’s Governor Gavin Newsom to fire supervisors at the state agency regulating oil drilling permits over a conflict of interest, after the consumer alliances found records showing that several regulators held shares in oil giants such as Exxon, Chevron, Valero, ConocoPhillips, Shell, … Read more
by David Haggith It’s time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet’s estimations, which pegged earnings as likely to show a 2% contraction. Even … Read more
Authored by Mike Shedlock via MishTalk, Stocks are on a tear. Celebrating rate cuts. With the rate cuts comes a recession. No recession? No more rate cuts. It’s been one hell of a party. Hold on, John Hussman says Warning: Federal Reserve Easing Ahead Of all the distinctions that investors might make in the coming few years, one … Read more
by Charles Hugh-Smith Convenience is the sales pitch, but the real goal is control in service of maximizing profits and extending state power. When every device in your life is connected to the Internet (the Internet of Things), your refrigerator will schedule an oil change for your car–or something like that–and it will be amazingly wunnerful. You’ll … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Here’s why. The strategy is a game changer with global impact. Geely, China’s largest domestic automaker, disclosed that deliveries plunged 29% in June compared to a year ago, and that they’re down 15% in the first half. And it slashed by another 10% its already lowered forecast for deliveries for the whole year. … Read more
by Michael Snyder Even though everything else seems to be going wrong, the stock market just continues to soar to new record highs. In fact, the Dow Jones Industrial Average closed above 27,000 for the first time ever on Thursday. Investors continue to relentlessly believe that bright days are ahead even though we are on … Read more
by Michael Snyder New Orleans is about to be hit by “an extreme rainfall event” that is likely to be the worst disaster that the city has seen since Hurricane Katrina. It is being projected that Tropical Storm Barry could officially become a hurricane before it makes landfall on Saturday, but in this case the … Read more
RESTORING ORDER ON BART: Three months ago, the Bay Area Rapid Transit (BART) system that serves San Francisco and surrounding counties began a “blitz” to deter morning rush-hour fare evasion at four downtown stations. As reported by the San Francisco Chronicle, the first month’s results were startling: proof-of-payment citations rose 13 percent, new ticket sales rose 10 … Read more
100% Fed Up reports, Bernie Sanders is using an “infomercial” type ad to tell everyone who took a student loan out for college that their debt will be canceled. It’s a rainbows and unicorns ad that appeals to his supporters who are between the ages of 18-24. https://www.youtube.com/watch?v=oi_ZeKelxi8 Read More/Source/Credit/FairUse: https://100percentfedup.com/video-ber…
William Davis from The Daily Caller reports, Former Democratic Kentucky congressional candidate Amy McGrath is making another run at Congress, and this time she’ll attempt to take down Senate Majority Leader Mitch McConnell. https://www.youtube.com/watch?v=A_88u7sUngk Read More/Source/Credit/FairUse: https://dailycaller.com/2019/07/09/amy-mcgrath-challenge-mitch-mcconnell-kentucky/
What do you think will happen with wages? Increased minimum wages? MMT? Look at what has been happening to the jobs around the U.S. Clearly it isn’t what we are being told at face value. Something problematic has been brewing since 2008 and it is unlikely to stop any time soon. In general, far … Read more
