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Josh Sigurdson reports on the quickly growing surveillance state in Australia as new technology is unrolled in cities and towns across the country. Darwin is building a city based on “smart technology” which is heavily influenced by China. The Darwin Council has approved and is rolling out smart technology meant to gather data and the … Read more
The Importance of Freedom of Speech (Links to relevant articles below) https://www.cbc.ca/news/politics/face… https://www.cbc.ca/radio/checkup/what… https://www.cbc.ca/news/politics/goul… https://www.cbc.ca/news/technology/fa… https://www.cbc.ca/news/technology/au… https://www.cbc.ca/news/politics/cybe…
by Joe Toohey via Fox 5 NY WEST POINT, N.Y. (FOX 5 NY) – About an hour and a half’s drive north from New York City lies a treasure — the gold kind. But it’s not one that you can go and find. In fact, you can’t get anywhere near it. Because this treasure belongs to the United States Treasury. … Read more
Honestly nothing surprises me these days. https://www.techspot.com/news/79672-google-accused-sabotaging-firefox-again.html Why it matters: It’s no secret that tech companies with competing products aren’t averse to using dirty tricks to get ahead. According to a former Mozilla executive, it’s something Google has been doing for years: intentionally sabotaging Firefox to increase Chrome’s popularity. Jonathan Nightingale, former General Manager and … Read more
via MarketWatch: American CFOs fear a recession by the third quarter of next year, according tothe latest Duke CFO Global Business Outlook Survey, released Wednesday. The survey generated responses from more than 1,500 chief financial officers, including 469 from North America, and showed that 67% of those surveyed predicted the U.S. economy would be in … Read more
by confoundedinterest Negative duration bets? Financial markets are coming undone. (Bloomberg) — Average duration in Templeton Global Bond Fund shortened to -2.21 years by end of first quarter, from – 1.6 years at end of 2018, according to latest filing. Builds up Mexico position to 13% from 12.6% at end of 2018, making the country the biggest portfolio holding Brazil and … Read more
via @TaviCosta: These rates tend to converge as we approach the end of economic cycles. Just like the tech & housing bubble peaks! Classic head-and-shoulders pattern. Look out. New video & letter out soon.
by confoundedinterest The bad news? The credit impulses (annual change as a percentage of GDP) for both the USA and China are negative. The good news? The decline in China’s credit impulse is lessening. If we throw the Eurozone into the Papusa, we see that the Eurozone has negative credit impuse growth, but is better than … Read more
Impeachment = BULLISHRevising Earnings down 80% = BULLISHPMI collapse = BULLISHISM collapse = BULLISHNuclear Missile = BULLISHTradedeal disinformation = BULLISHBEARISH = BULLISHBULLISH = BULLISHBOJ owning 70% of total equity mkt – BULLISHChina data fabrication = BULLISH — mcm-ct.com (@mcm_ct) April 18, 2019
via @Schuldensuehner: Just to put things into perspective. DB highlights that China total govt spending rose by 23% in Q1. DB analysts noted that fiscal policy was eased by a fairly eye catching 6ppts of nominal GDP in Q1, so China GDP upside surprise not so impressive!
via @Schuldensuehner: an excessively low cost of capital allowed zombies to survive, and depressed prices. Outrageously easy monetary policies would become the Hotel California of central banking.
by confoundedinterest The Dodd-Frank Wall Street legislation was signed into law back in 2010 by then President Obama. The legislation to limit banks from trading for their own accounts has generated its own conflict: what is the optimal level of transparency? (Bloomberg) — U.S. market regulators are proposing to test whether keeping large corporate bond trades secret for two days … Read more
via MarketWatch: You can kiss George Bailey’s mortgage market goodbye. As the small-town banker in Frank Capra’s “It’s a Wonderful Life,” Bailey epitomized an old-fashioned world in which bankers know every borrower personally. In the mortgage market of 2019, borrowers can do just about everything online, never meeting the lender behind the process. And as … Read more
via wallstreetonparade: Deutsche Bank Headquarters in Frankfurt, Germany On July 21, 2011, when the GAO released its audit of the Federal Reserve’s secret $16.1 trillion in bank loans during the financial crisis, a foreign bank ranked number 9 on the list of the largest borrowers. The loans went not just to the largest banks on Wall Street but … Read more
via @OccupyWisdom : 1/the earth is 4,543,000,000 years old 2/the climate is, and has been changing, for all of that time. It is a complex, dynamic & emergent system like financial markets. It is never static 3/the big question is if/to what extent do industrial humans contribute to the climate changing. B/ CLIMATE FACTS 4/this question hasn’t … Read more
via @Simple_Trends: And btw this divergence DWARFS the last three we just saw. The reaction off of it should dwarf the last three moves as well.
When the water changed color from brown to orange, they said the water was safe. When people reported rashes, hair loss, odor and sewage, they said the water was safe. When Legionnaires disease began to infect, and later kill, numerous citizens, they said the water was safe. Why? h/t fiztja
Ecuadoreans are joining the worldwide chorus of voices protesting WikiLeaks founder Julian Assange’s arrest in the UK. Protestors in Ecuador have come to see President Moreno as “corrupted” by the US and say that he sold out Assange for money. https://youtu.be/fi6sWchWmJs After Assange arrest, IMF gives $4.2B to Ecuador https://youtu.be/8Ou4hOH4Fpw https://youtu.be/Vj6xzDeJcJs Julian Assange has won … Read more