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The credit card business in the US is an extraordinary racket charging both merchants and cardholders to generate extraordinary margins. Deutsche Bank via @SoberLook pic.twitter.com/yiE3miYXN9 — Adam Tooze (@adam_tooze) March 7, 2019 i know. i know. this doesn't matter. but …. pic.twitter.com/X5XYh6tDfp — steph pomboy (@spomboy) March 7, 2019
via euronews: FRANKFURT (Reuters) – The European Central Bank pushed out the timing of its first post-crisis rate hike until 2020 at the earliest and offered banks new rounds of multi-year loans in a bid to revive the currency bloc’s slowing economy, it said on Thursday. The bolder-than-expected move showed ECB was having to revisit … Read more
via YAHOO: Corporate executives cash out of their own stock more after their firms announce stock buybacks than on a typical day. And in the long run, the share prices of those companies underperform. This is according to a letter written by SEC Commissioner Robert Jackson. The letter addressed to Senator Chris Van Hollen (D-MD) … Read more
by TFittonJW Breaking: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-uncovers-doj-records-showing-numerous-bruce-ohr-communications-with-fusion-gps-and-christopher-steele/ (Washington, DC) – Judicial Watch announced today it received 339 pages of heavily redacted records from the U.S. Department of Justice which reveal that former Associate Deputy Attorney General Bruce Ohr remained in regular contact with former British spy and Fusion GPS contractor Christopher Steele after Steele was terminated by the FBI in November 2016 for revealing … Read more
via turcopolier: By William Binney, former Technical Director NSA Larry Johnson, former State CT and CIA The FBI, CIA and NSA claim that the DNC emails published by WIKILEAKS on July 22, 2016 were obtained via a Russian hack, but more than three years after the alleged “hack” no forensic evidence has been produced to … Read more
MIT’S new mini cheetah robot is the first four-legged robot to do a backflip. At only 20 pounds the limber quadruped can bend and swing its legs wide, enabling it to walk either right side up or upside down. The robot can also trot over uneven terrain about twice as fast as an average person’s … Read more
Little Rock Police release community service announcement and video footage of shooting involving alleged operator of a stolen vehicle. Opinions expressed herein, they come, they go. h/t SovereignDirt
Feels like G-20 again, remember when trump pumped a trade deal back then, and it never materialized. Markets then sold. pic.twitter.com/qC5GPtcO22 — Alastair (@StockBoardAsset) March 7, 2019 $TRAN $RUT $MID $AMZN GETTING CRUSHED! pic.twitter.com/2zbE0wCF6r — mcm-ct.com (@mcm_ct) March 7, 2019 If global growth doesn't turn up soon – macro will matter for global stocks and … Read more
– ECB has just loosened monetary policy. What if that isn’t enough? – ECB says the risks to Europe’s economies lean to the downside – Trade wars could get worse and political turbulence could increase – Brexit, could deliver an especially brutal blow – Euro set to depreciate against gold (see chart) By Bloomberg Editorial Board … Read more
Via Oriental Review, There is a dual Italian crisis brewing in the European Union. On the one hand, it is a political, or even geopolitical, crisis. Italy is undermining the unity of the European Union; blocking the EU’s recognition of those behind the coup in Venezuela as the legitimate authority; preventing the expansion of sanctions against … Read more
A question to be asked is why are temperatures getting colder in the spring for the 3rd year in a row resulting in crop losses after an early warm February? This was not predicted with Global Warming, winters were supposed to be milder and shorter as CO2 warmed the planet, but we get the opposite, … Read more
Let’s say you are living in the 18th century. You want to go to a distant place and you are riding on your wagon. You will put the horses in front of the wagon that will carry the load and also you. This is the way horses have been pulling wagons for a long time … Read more
If you think about doing all the things and keeping yourself busy for the trades, you are not right. You will have to do very little things for the trading process. Well, the planning must be solid though. But the less you can spend time with the trades, the proper it will be for the … Read more
Feds splurge on lobster, pianos, golf carts in race to spend ‘use it or lose it’ budget It turns out September, not April, may be federal taxpayers’ worst nightmare. The end of the government’s fiscal year usually brings an orgy of spending as agencies look at their budgets, see extra cash lying around, and figure … Read more
Skip to 28 Seconds to view the report The next time a liberal complains about the Popular Vote vs. Electoral College, show them this!
by Michael Snyder We have not seen anything like this since the last recession. Layoff announcements are coming fast and furious now, and the speed at which workers are being laid off is shocking a lot of people. In this day and age, big companies have absolutely no loyalty to their workers. The moment it becomes … Read more
by Captain Ewave of CaptainEwave Captain Ewave Gold, Silver, & SP500: Wave Counts Update Email: admin@captainewave.com Website: http://www.captainewave.com March 6, 2019 GOLD: Short Term Update: It looks like all of wave !iii! is complete at the 1349.80 high and we are falling in wave !iv!. We need to be on guard for the completion of wave !iv! and the start … Read more
via visualcapitalist: When investors need to quench their thirst for the latest news or knowledge, they turn to the all-knowing power of Google. Whether it is something as simple as searching for “S&P 500 today” or it’s more of an information-finding mission to discover the “Best Dividend Paying Mutual Fund”, search data provides an interesting lens … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But the US government got them all beat. Tesla and its CEO Elon Musk had a magic touch when it came to marketing. Walking on water was just a low-level activity. Tesla was able to create enormous pent-up demand for its Model 3, long before it ever entered much delayed production, … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The real worry is the economy in the Eurozone. The Dollar Index (DXY), which tracks the dollar against the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc, and which is dominated by the euro, jumped 0.83% to 97.72 at the moment, passing its 52-week high, as the euro … Read more