Why Are So Few Americans Able To Get Ahead?

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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

Chicago is gonna charge 9% EXTRA taxes on PSN beginning November 14th.

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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

Why the stock market will pullback before heading higher

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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

I Read The News So You Don’t Have To – Market News (Nov. 09, 2018)

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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

Shocking Video Footage Shows Florida Ballots Transported By Private Vehicles Being Transferred Into A Rental Truck On Election Night

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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

Why This Stock Market Indicator is Important to Watch NOW

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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.

Something strange is happening with EMFs and our ecosystem

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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

THE END OF A SUPERCYCLE

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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

Paradise, CA On Fire, Hundreds Trapped

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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

Venezuela Annualized Inflation Update: 833,997%; IMF Says Headed for 10M%

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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

11 Unproductive Habits You Want To Quit

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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

Charles Schwab survey: The average American needs $1.4 million to feel financially comfortable, $2.4 million to feel wealthy

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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

It’s official! Crude oil is now in a bear market and it took just over one month to get there. Will stocks follow?

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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

GDP per capita in Africa vs. China (1980 & 2016)

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via NaytaData: Source: World Bank and IMF Tools: R and QGIS In 1980 there were only two countries in Africa with a lower GPD per capita than China: Guinea-Bissau and Uganda. Nowadays it’s a whole different story: only Equatorial Guinea had a higher GDP per capita than China. Also the Seychelles had a higher GDP per capita in 2016 … Read more