Crashing stocks, bonds, real estate & currency all at once?

by Adam Taggart Mike Maloney, monetary historian and founder of GoldSilver.com, has just released two new chapters of his excellent Hidden Secrets Of Money video series. In producing the series, Maloney has reviewed several thousand years of monetary history and has observed that government intervention and mismanagement — such as is now rampant across the world — … Read more

TraderStef: The Natives Are Restless For ‘Birthright’ Jurisprudence – ‘Don’t Tread On Me’

by TraderStef of CrushTheStreet (connect with TraderStef via Twitter or at TraderStef’s website) The Gadsden flag “Dont Tread On Me” motto and coiled rattlesnake is representative of today’s birthright citizenship dispute, as roughly one of every 12 newborns in the United States are “anchor babies.” Back in 1751, Benjamin Franklin penned a sardonic commentary in his Pennsylvania Gazette suggesting that colonists should send rattlesnakes … Read more

Once again Warren Buffett has given us a major warning that everything is expensive

by Simon Black Buffett’s holding company, Berkshire Hathaway, just announced a blockbuster quarter, earning nearly $7 billion. And Buffett’s still sitting on over $100 billion of cash. That means he’s got enough money to buy almost any company he wants, anywhere in the world. But the only move Buffett made in the last quarter was … Read more

I Read The News So You Don’t Have To – Market News (Nov. 06, 2018)

by ogordained UNITED STATES The ISM Non-Manufacturing index reveals continued economic strength Jobs in professional services, health, and construction grew rapidly over the last 12 months New businesses are forming almost as fast as new jobs are being created Worry over new antitrust rules aimed at tech companies, coupled with worries over weak iPhone sales sent Applestock down On the Ballot Today: San Francisco will vote … Read more

If Politics Were Real

by Chris It’s entirely laughable that the NYTimes is beating the Russia-gate story still, and it’s actually deplorable how badly they have mangled the statistics. No excuse whatsoever for being so misleading except that it’s intentional and derelict. The result? It’s another unpredictable squeaker of an election when it should be a landslide.  Caitlin Johnstone … Read more

The Hedge Fund Betting on a Credit ETF Implosion

via Bloomberg: After quitting his job at a $7 billion hedge fund to go it alone three years ago, Adam Schwartz happened upon a short so certain he built a notional position amounting to half his fledgling firm’s assets on it. He’s been borrowing shares and stockpiling bearish options on exchange-traded funds that track major … Read more

LIST: Fattest States In USA…

via ksat: The study also identified the most popular comfort food for each state. Texas’ comfort food? Brisket. See the top 10 list of fattest states in America: 1. Mississippi 2. West Virginia 3. Arkansas 4. Kentucky 5. Tennessee 6. Louisiana 7. Alabama 8. South Carolina 9. Oklahoma 10. Texas See the 5 states on the slimmer … Read more

EXODUS: California lost more residents to other states than got last year

Leaving California? You’re not alone. The Santa Cruz Sentinel reports: About 130,000 more residents left California for other states last year than came here from them, as high costs left many residents without a college degree looking for an exit, according to a Sacramento Bee review of the latest census estimates. They most often went to cheaper, nearby states — … Read more

The Fed Frets about “Collateral Stripping,” “Incremental Facilities,” “Cov-Lite,” and “EBITDA Add-Backs” in $1.3-Trillion Leveraged-Loan Boom

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter PE firms are all over this, but investors are still chasing yield. Since the Federal Reserve started warning about the risks of “leveraged loans” in 2014, the amount of US leveraged loans outstanding has surged with delicious irony from $700 billion to $1.3 trillion. These things are hot. And now the … Read more