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via visualcapitalist: There are two commonly held beliefs around income and age: 1) Earning trajectory is largely determined by the time a person is 35-years-old 2) Income is positively correlated with age How do these beliefs stand up to the actual income data? As it turns out, quite well. Today’s data, from the IPUMS.org Current Population Survey, is … Read more
by John Rubino Alasdair Macleod on the coming “inflationary credit crisis” … Bill Black: Deutsche Bank is a criminal enterprise that might bring down the global financial system … Jim Rickards explains the coming “monetary reset” … Peter Schiff: “We’re in a recession and this is a bear market. Gold should be a lot higher” … Read more
BY PATRICK WATSON By most measures, the US economy is performing okay. GDP growth is still near 3.5%. Unemployment is below 4%. Inflation is up a bit but still historically low. Yes, the data has flaws. There’s plenty of regional variation. Your mileage may vary. But conditions could be a lot worse. The problem: Sometimes the … Read more
From John Stossel at Reason: Companies like Google and Facebook collect information about us and sell it to advertisers. The information they collect and the way they collect it cross the “creepy line” according to a new documentary called “The Creepy Line.” John Stossel asks the writer of the documentary, Peter Schweizer: “What’s the big … Read more
by DCG Blanca (l) and Susan (r) Rubio Typical TDS-infected California politicians… From Sacramento Bee: When one went into teaching, the other followed suit. When one went to East Los Angeles College, the other did as well. They’ve been practically inseparable for much of their lives. Now, the Rubio sisters will only be separated by a hallway … Read more
For More Information See: https://writetrump.com/ https://arstechnica.com/gadgets/2018/… https://www.breitbart.com/tech/2018/1… https://ustr.gov/sites/default/files/… https://www.law.cornell.edu/uscode/te…
https://www.youtube.com/watch?v=usoXC5byd_Q Cristina Laila for the Gateway Pundit reports, Michelle Obama stunned the audience at the Barclays Center in Brooklyn on Saturday night, cursing as she spoke about the pressures of marriage. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…
https://www.youtube.com/watch?v=ee5WhWzjEu4 Dec. 5, 2018 – California’s Camp Fire didn’t just kill dozens of people and destroy thousands of homes. It also left an insurance company in financial ruins, unable to pay millions of dollars to policyholders. http://marygreeley.com/?p=78509
Randy DeSoto for the Western Journal reports, Conservative author Jerome Corsi filed a “criminal and ethics” complaint against special counsel Robert Mueller on Monday, alleging his team threatened prosecution if Corsi refused to provide false testimony against Donald Trump’s presidential campaign. https://www.youtube.com/watch?v=s-08Sxf_ba4 Read More/Source/Credit/FairUse: https://www.westernjournal.com/jerome…
The U.S. stock market capitalization as a percent of GDP (Warren Buffett's favorite indicator) shows that we're at 1929 and dot-com bubble valuations: https://t.co/yAKYS3DTNv $QQQ $SPY pic.twitter.com/cGCXFh9bVf — Jesse Colombo (@TheBubbleBubble) December 4, 2018 https://twitter.com/hks55/status/1070091893642452992 https://twitter.com/Montyrumbold_/status/1070036519929421824 $VIX Bollingers almost at max oversold..still some potential room to the downside but I’m getting interested at these levels … Read more
via Michael Hudson: Adapted from …and Forgive Them Their Debts: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year. Islet. November 15, 2018. There has been an explosion of discussion about whether to cancel student debts. Critics of the idea point out that wealthy people would be the main gainers, posing moral hazard. The debate … Read more
There was a time when European governments couldn’t utter a fiscal policy statement without mentioning the word “austerity.” Now, the concept seems to have all but disappeared from public discourse. Is the era of austerity finally over, and did austerity policies — essentially, those encompassing spending cuts and tax increases — achieve what they were … Read more
via CBSNEWS: Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan modification requests. About 60 percent of those homeowners went into foreclosure. Legislators, … Read more
via knowledge.wharton: Deutsche Bank faces its most severe test yet in the wake of police raids on its Frankfurt offices last Thursday over suspicions of helping its clients in money laundering. The scene was dramatic: 170 officers descended on six Deutsche Bank buildings, including its headquarters, and seized documents and files, according to an NPR report. German … Read more
by YouOnlyLiftedOnce On 27 November 2018, the Australian Parliament has concluded a detailed report with detailed proposal including classify games including loot boxes as gambling. [1] After repeated delayed release and confirmed under-performance of EA’s latest releases Star Wars: Battlefront II and Battlefield V, compounded with increasing likelihood of complete lootbox bans, which accounts for … Read more
via Bloomberg: A key regulator of Wall Street banks has joined the Federal Reserve in warning about risky corporate borrowing that has reached record levels as lender protections are eroded. The Office of the Comptroller of the Currency cautioned in its Semiannual Risk Perspective released Monday that it’s looking at “transactions with increasing leverage, weaker capital structures, … Read more
FRANKFURT (Reuters) – European Central Bank policymakers are debating ways to wean the euro zone off years of easy money, floating ideas such as a new kind of multi-year loans and staggered increases in interest rates, sources told Reuters. The ECB will have a difficult task over the next couple of years: dialing back its … Read more
Authored by Tim Daiss via OilPrice.com, Much has already been written over the last 24 hours by pundits and analysts alike about Qatar’s decision to leave the Organization of the Oil Exporting Countries (OPEC) by January next year. Some have chimed in, claiming that it’s an irrational move, while others have, perhaps correctly, attributed it … Read more
via J-L-Picard: Sources: https://historyinpieces.com/research/presidential-inauguration-dates https://en.wikipedia.org/wiki/List_of_Presidents_of_the_United_States_by_date_of_death Made on MS Excel 365 Inspired by: https://xkcd.com/893/
via Meadow Clark: China’s social credit system is in full swing and has already blacklisted more than 15 million Chinese residents from travel. Is it coming soon to the U.S.? Recently, The Organic Prepper reported some shocking news of China’s newest rollout: a social credit system. It’s a system of surveillance and governance using a social scoring system … Read more