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by visualcapitalist Months ago, we showed you a set of data visualizations that highlighted how people make and spend their money based on income groups. Today’s post follows a similar theme, and it visualizes differences based on education levels. Below, we’ll tackle the breakdowns of several educational groupings, ranging from high school dropouts to those in the … Read more
Sex work would be broadly legalized in New York state under a first-of-its-kind bill introduced by state legislators on Monday. A group of lawmakers first called for legislation in February, but on Monday they finally came forward with a 13-page bill that would bring dramatic changes to the sex trade in the state. https://www.nbcnewyork.com/news/local/New-York-Sex-Work-Legalization-511067151.html
Judicial Watch hosted a special educational panel on Wednesday, May 29, 2019 to discuss “Investigating the Investigators.” Now that the Mueller report has exonerated President Trump of the false accusations of collusion and obstruction, it is time to look into the politicization of DOJ and the intelligence community in their effort to undermine the president. … Read more
via silverdoctors: For any stacker who still trusts a bank to store their phyzz, a KeyBank “safe” deposit box is no longer one… This is hard to read but gold fans will want to blow this up and read it if you have gold in a safe deposit box. Keybank says that it is not allowed … Read more
from Zero Hedge China continued its renewed (public) gold-buying spree in May adding almost 16 tons of the precious metal to its reserve – the biggest monthly increase since January 2016. “It’s a diversification away from the U.S. dollar, particularly given the trade tensions and the potential technology cold war that’s evolving,” said Bart Melek, global head of commodity strategy at … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Those who bet on the most obvious short in the history of mankind got the heads handed to them. Every stock-market IPO cycle has this minute. And afterwards is all downhill. And I wish I could be the guy who’d correctly pinpoint the very moment when peak-insanity in IPO stocks occurs, … Read more
by Michael Snyder Scientists are quite “concerned” about the huge earthquake swarm that has been shaking southern California in recent weeks, and right at this moment bubbling tar is literally coming up through the streets in one section of Los Angeles. None of this means that a major seismic event is imminent, but it is … Read more
Wall St. For Main St., Released on 6/10/19 Jason talks about Beyond Meat (NSDQ:BYND) https://www.beyondmeat.com/ and how the stock, which IPO’d on May 1st, 2019 is having a massive short squeeze with gains of almost 40% on Friday and 21% today (Monday). Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. … Read more
President Trump threatened more tariffs on Chinese imports if President Xi Jinping is not at this month’s G-20 meeting. The president previously threatened to put levies on another $300 billion in Chinese goods if an agreement is not reached soon. https://www.cnbc.com/2019/06/10/trump-if-president-xi-does-not-attend-g20-more-china-tariffs-will-go-into-effect-immediately.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
via forbes: By no means are banks immune to any downturn in leveraged lending. As pointed out in a very detailed research piece last week by Standard and Poor’s LCD News, “Banks and hedge funds, which over the past few years have taken a back seat to collateralized loan obligations and other institutional investors in … Read more
Real socialism: http://archive.is/2rtJE
via confoundedinterest: Welcome to the Land of … Jumbos and All-cash! Aka, Orange County, home of surfing legend (and Realtor) Bob “The Greek” Bolen. But Orange County has just experienced their slowest start to a year in terms of home sales since The Great Recession. And home prices in Orange County are falling despite mortgage rate declines. … Read more
via seeitmarket: Debt allows a consumer (household, business, or government) to pull consumption forward or acquire something today for which they otherwise would have to wait. When the primary objective of fiscal and monetary policy becomes myopically focused on incentivizing consumers to borrow, spend, and pull consumption forward, there will eventually be a painful resolution of … Read more
Trump is using the Fed to rework trade deals, leverage trade with tariffs, the Fed is helping him with all of this. Ask yourself a question why does the [CB] hate tariffs? Andrew Jackson explains why the [CB] is not for the people and why it is a mistake outsourcing the creation of money.
via Yahoo: Citigroup Says S&P 500 Heading for a `Full Scale Bear Market’ (Bloomberg) — The U.S. tariffs on Mexico might be off, but Citigroup Inc. strategists warn that trade tensions are set to climb, roiling financial markets from stocks and bonds to commodities. “Tensions are mounting and the outcome looks more likely to be … Read more
via MarketWatch: The Federal Reserve, appearing satisfied that the economy is close enough to 2% inflation and full employment, is reviewing strategies and tools. Perhaps it should consider some radical options — such as letting ordinary individuals establish accounts at the central bank and injecting “helicopter money” into each of those consumer accounts when the central … Read more
via mishtalk: Does China (Trump) want to fight a trade war or a currency war? Before addressing the question, let’s take a the US quarterly goods trade deficit with China. Net Goods Trade with China Quarterly Trade Deficit Timeline The US trade deficit with China blasted higher starting in 2004. Despite a 26% appreciation in … Read more
via doctorhousingbubble: The housing market now sputters into the summer selling season with very little momentum. Home sales are at post-recession lows and the labor force participation rate is collapsing because you have an army of Taco Tuesday baby boomers roaming the streets of California enjoying inflated real estate values while enjoying Whole Foods delivered to their front … Read more
via CNBC: “Fed could cut as soon as July but it may not halt slowdown/recession,” Morgan Stanley’s equity strategist Michael Wilson said in a note to clients Monday. The economy is already facing some “very real macro risks” including weak jobs data, low inflation and escalating trade tensions, Wilson said. The Fed easing over the … Read more
via @chigrl: They were;: 1. Anglo-Iranian (started as Anglo-Persian) Oil Company..later became $BP 2. Gulf Oil (later part of Chevron) 3. Royal Dutch Shell 4. Standard Oil Company of California (SoCal, now Chevron) 5. Standard Oil Company of New York (Socony, later Mobil, also now part of ExxonMobil 6. Standard Oil company of New Jersey (ESSO … Read more