American savers lost an estimated $500 billion due to low interest rates since the financial crisis

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via CNBC: One long-lasting impact from the crisis — caused in part by irresponsible bank behavior — is suppressed interest rates, Wells Fargo analyst Mike Mayo wrote. “It’s absolutely a wealth transfer from prudent savers to the borrowers and risk takers,” Mayo said. American savers have lost $500 billion to $600 billion in interest payments … Read more

Martin Armstrong: What’s really driving stocks higher?

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Goldseek Radio, Released on 4/9/19 http://radio.goldseek.com/nuggets/armstrong.04.09.19.mp3 Click Here to Listen to the Interview The dialogue includes an overview of the Presidential Cycle and US stock market performance. Stock indexes could climb to record highs if history acts as a guide amid fresh foreign capital inflows. Global investors seek out the key shares with big media … Read more

OPEC is creating bigger opportunities for North American shale producers.

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OPEC REPORT: Venezuela reports collapse in oil supply, tightening global market. “In a monthly report, the Organization of the Petroleum Exporting Countries said Venezuela told the group that it pumped 960,000 barrels per day (bpd) in March, a drop of almost 500,000 bpd from February.” This Reuters story describes Venezuela’s production collapse as an “involuntary curb,” which … Read more

How Big or Tiny of an Apartment Can the Median Household Income Afford to Rent in the 100 Largest US Cities?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter In some cities, you get what is considered a walk-in closet of a McMansion. It’s not totally fair to compare rents in Tulsa with rents in San Francisco because household incomes are different as well. One way to look at this is to figure out how big of an apartment a … Read more

Americans Are Tapped Out as Debt MAXED OUT as Delinquencies and Layoffs Rise!

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Panic sets in when delinquencies rise too high. Just like in 2007 with subprime, it doesn’t take an extremely high percentage either. Just enough to break the derivatives. Look at how many people simply look at the percentage (which is still reasonably high) and suggest it’s not a problem. They don’t understand what derivatives are. … Read more

Oil Rallies Despite Large Crude Build

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By Irina Slav Crude oil prices brushed off the Energy Information Administration inventory report today, which saw a 7-million-barrel build in crude oil inventories for the week to April 5. The authority also reported a reduction in gasoline inventories a day after the American Petroleum Institute estimated those had declined by 7.1 million barrels. The EIA confirmed a … Read more

The Fed’s Body Count

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by Michael Lebowitz “The problem with the war (Vietnam), as it often is, are the metrics. It is a situation where if you can’t count what’s important, you make what you can count important. So, in this particular case what you could count was dead enemy bodies.” – James Willbanks, Army Advisor, General of the … Read more

The 45th President Of The United States Just Said: “What They Did Was Treason. This Was An Attempted Coup.”

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Those who started Russia probe were attempting a ‘coup’, AG must start investigation – Trump President Donald Trump has called the FBI’s investigation into alleged ‘Russian collusion’ a “coup” attempt, and said he wants Attorney General William Barr to investigate the probe’s origins. “It was an illegal investigation, it was started illegally, everything about it … Read more

USA’s version of communist china’s social credit is here, it’s called the secret SIFT “trustworthiness SCORE (1-100)

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We’re All Being Judged By A Secret “Trustworthiness” Score Nearly everything we buy, how we buy, and where we’re buying from is secretly fed into AI-powered verification services that help companies guard against credit-card and other forms of fraud, according to the Wall Street Journal. More than 16,000 signals are analyzed by a service called Sift, which … Read more

HUGE gas explosion in Durham NC! At least 2 buildings have collapsed! 1 DEAD 15 INJURED

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Multiple buildings collapsed. Live: https://abc11.com/live-video-building-collapse-fire-burning-in-downtown-durham/5241686/ UPDATE: it appears they say that a contractor hit a gas line causing the explosion. UPDATE 2: reports are that 1 person has died and 15 have been injured . One of the injured is a firefighter.     h/t I’m with Trump.

Run On Aramco Bonds Could Sideline IPO

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By Charles Kennedy The Saudi plan to use their state-run oil giant, Aramco, as a piggy bank panned out fabulously for the Kingdom on Tuesday, with international investor demand topping $100 billion in Aramco’s first-ever foray into international debt markets. According to various media citing sources close to the transaction, based on demand–which can sometimes be inflated … Read more