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by SP Why we get bad diagnoses for the world’s energy-economy problems Gail Tverberg points out many of the same relationships that Chris does above. Economic growth depends on energy flows. Cheap abundant energy is needed. (She talks about a number of other issues too) ———— The world economy seems to be seriously ill. The problem … Read more
Authored by Charles Hugh Smith via OfTwoMinds blog, Our entire economy is characterized by cartel rentier skims, central-bank goosed asset bubbles and stagnating earned income for the bottom 90%. Despite the rah-rah about the “ownership society” and the best economy ever, the sobering reality is very few Americans are able to get ahead, i.e. build real … Read more
VBS Mutual Bank—lauded as the first bank in South Africa to be totally owned and managed by Africans—has collapsed after its owners stole all the cash and bribed government and local government officials into depositing money in the operation, an official inquiry set up by the South African Reserve Bank (SARB) has found. According to … Read more
WOW, I did not know that Chicago charged people taxes for entertainment and enjoyment, on top of several taxes already. It seems that now PSN and Sony services will have to charge Chicago residents a whopping 9% “entertainment” taxes starting November 14th 2018 https://nichegamer.com/2018/11/08/chicago-9-entertainment-tax-now-affecting-local-playstation-users/ h/t Mccruise
by Troy The S&P 500 has reached its 61.8% retracement and is now facing short term resistance (as expected). Let’s determine the stock market’s most probable direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month. *Probability ≠ certainty. The stock market … Read more
Mark Taylor, author of the popular book “The Trump Prophecies,” says, ““The news media is going to be gutted. God is done with the news media. When Donald Trump says the fake news is the enemy of the people, he is absolutely correct. The mind control going out from the news media is incredible. This … Read more
by ogordained UNITED STATES Mortgage rates hit their highest level since 2011 Investors are embracing junk bonds again A sign of a strong labor market, Americans receiving unemployment benefits hit its lowest level in 45 years Futures are down so it’s probably going to be a bummer of an opening this morning Construction of the Keystone XL oil pipeline\was halted after a Federal judge … Read more
by Michael Snyder I do not have any explanation for what you are about to see. On election night in Broward County, one deeply concerned citizen captured video footage of ballots that had been transported by private vehicles being loaded into a rental truck in the middle of a parking lot. Nobody seems to know why the … Read more
https://www.youtube.com/watch?v=kXdcMk2gg0Q Two months before the 2007 stock market top, the Elliott Wave Financial Forecast said, “The record suggests that falling prices lie directly ahead for the U.S. market.” The reference was to the “record” of one particular indicator. Learn about this indicator and why it’s relevant to 2018 … and beyond.
https://www.youtube.com/watch?v=Tl9pN5hERYA Where have all the butterflies/bees and other insects gone? It is a question that has been asked for decades – but now there is numerous amounts of scientific studies that show, that it could well be caused by the increase in electromagnetic fields/radiation in our environment. In fact, one study notes two berry farms … Read more
Trudeau Liberals implementing Canada’s Basic Dictatorship with massive Privacy Breach (Link to article below) https://torontosun.com/opinion/column…
by Egon von Greyerz In a world based on fake paper and fake electronic money as well as fake asset values, the real significance of gold has got lost. With endless credit expansion and money printing, all asset prices have exploded and investors have made fake profits that seem real. But the imminent secular downturn … Read more
by greendoc Sounds bad. looking at the twitter feed for #Campfire now. People fled on foot, leaving cars behind. the cars are burning now. Hospital threatned. 70 trapped at Walmart, 40 at hospital, 150 trapped at Walgreens, another 150 trapped at an Industrial park. Chico may be in danger. Lots of gusting winds. I’m in Santa … Read more
via Reuters: Venezuela’s consumer prices rose 833,997 percent in the twelve months through October, according to a report by the opposition-controlled Congress published on Wednesday, the latest sign that policy changes in August failed to halt rampant hyperinflation. Monthly inflation decelerated to 148 percent from 233 percent in September, the data showed, but left the OPEC … Read more
by Darius Foroux The reason I study productivity is because I’m an unproductive person. I truly am. I sleep too much. I talk too much. I read too much. I listen to music all day. I watch movies. I buy gadgets that turn me into a zombie. If it wasn’t for my productivity system, I wouldn’t … Read more
via Bloomberg: Many Americans cite leading a stress-free life and having “peace of mind” as their personal definition of wealth. That doesn’t sound too money-centric on the face of it—until you consider that money, or specifically the lack of it, is a major source of stress. Americans don’t like to admit that assets can buy happiness—just 11 … Read more
via UKHouseOfCommons: Tools: Excel and Inkscape Source: Bulletin of Atomic Scientists, Nuclear Notebook, SIPRI, SIPRI Year Book, ICAN, Nuclear Weapons Timeline, Bulletin of Atomic Scientists, United States nuclear forces 2018, Bulletin of Atomic Scientists, Russian nuclear forces 2018.
It's official! Crude #oil is now in a bear market and it took just over one month to get there. pic.twitter.com/cR37lJTcUP — jeroen blokland (@jsblokland) November 8, 2018 Besides today, there were 5 times in the history of WTI futures that oil prices declined 9 days straight. Four of those continued with substantial bear markets … Read more
via @neilazous: MS: Only SPX beating inflation BAML: Only 23% of 300 assets have positive return DB: 89% of asset classes have negative total return in $ terms State Street: 1st time since 1990 global stocks/bonds negative
by TFittonJW Heavy lifting on key scandal by Judicial Watch: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-sues-doj-for-records-of-investigations-into-the-awan-brothers-congressional-democrat-it-scandal/ Our major panel on the Hill: