Global wealth inequality by country 2016 vs 2000

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via GoldenGatorBridge: Sources: 2016: Global Wealth Databook 2016 (pp. 106ff) 2000: UN University: The World Distribution of Household Wealth Tools: Visualization using Python, Pandas Matplotlib and Seaborn. The Gini index measures inequality in a distribution. 100 means that one person owns everything, 0 means that everybody has the same wealth.

PENSION TENSION: It’s A Emotional Subject, But We’ve Got To Talk About It

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by Robert Kiyosaki of Daily Reckoning This is a very emotional subject, pensions. Politicians and unions promised pensions they had no way to fund for the last 40 years and the bill has come due. It’s not just bad for taxpayers, it’s bad for pensioners. If you think local governments won’t take away the pensions they promised, you … Read more

2000 was bad. 2008 was worse. This one? We don’t know yet but the betting person would prepare for something even worse yet.

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by Chris The air gap between the real value added and the credit cycle top in equity valuations, coupled with rising interest rates, suggest that the WACC is about to spike as both equity and debt become more expensive. When (not if) that happens, then the ~16% zombie companies out there are toast and the … Read more

High school football player’s National Anthem goes viral: “I’m proud of my country”

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by DCG I predict a promising career for this young man. From Fox News: A Maryland high school football player’s unique version of the national anthem is going viral. Jackson Dean wowed the crowd last weekend by singing his country rendition of “The Star-Spangled Banner” while playing the guitar. The defensive end played a stripped-down version of … Read more

‘Caravan migrants’ turn down offer to stay in Mexico. Bishop says God will reward those who help the invasion

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by Dr. Eowyn There is no clearer indication that the so-called “migrant caravan” of more than 14,000 Hondurans, Guatemalans, and who knows what else, is really an invading army bent on entering the United States, regardless of our immigration laws and the consent of the American people. The Associated Press reports (via NBC News), Oct. 27, … Read more

For anyone looking for a ‘retest’ of the Feb lows, it can’t be a successful one because we already have more stocks making new lows than then. Learn what a retest is please.

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For anyone looking for a 'retest' of the Feb lows, it can't be a successful one because we already have more stocks making new lows than then. Learn what a retest is please. pic.twitter.com/FqVN167fgl — Dune AnaIytics (@DuneAnaIytics) October 27, 2018 H/T @chigrl (resized it)Returns so far this year… pic.twitter.com/IoS58L6bE4 — M/1_LP (@MI_Investments) October 28, … Read more

This speech is one of the most important speeches in history and yet most people have not heard it.

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by Razor123123 This particular speech is dubbed “The JFK Secret Society Speech” because he is talking about forces behind the curtain. He talks about a group of people who have penetrated, compromised and control ALL aspects of society. The JFK speech Before The American Newspaper Publishers Association, 27 April 1961. This should be talked about … Read more

Why I think the Ugly October in Stocks Is Just a Preamble

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Yet, the crybabies on Wall Street are already clamoring for the “Powell put.” Let me just say right up front: The stock market did not “collapse.” It has experienced a sell-off that made some people’s ears ring, as sell-offs normally do, and October has been ugly so far, but it wasn’t … Read more

Bundesbank suggests Italy should expropriate 20% of consumer’s wealth to reduce debt load

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https://www.bloomberg.com/news/articles/2018-10-27/a-bundesbank-economist-has-a-radical-plan-to-halve-italy-s-debt?srnd=premium-europe I am not sure what is more crazy that this is being proposed at all or that the proposal comes from a high-level official (deputy economist, head of Bundesbank public finance) of another government. Says everything about the German interpretation of “solidarity”.

The U.S. Secretly Halted JPMorgan’s Growth for Years [Bloomberg]

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For almost six years, Washington secretly shackled JPMorgan Chase & Co., the nation’s biggest bank. Now the chains are off, thanks to bank-friendly regulators in the Trump administration. In actions never before made public, Obama administration regulators prevented the bank from opening branches in new states as punishment for violating banking rules, according to people … Read more

Investor Alert: The Bear Market Infection Is Spreading Around The World, The Market Has Only Just Begun To Correct, QT Finding Traction

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the bear market infection is spreading around the world! pic.twitter.com/6QbeKbvx1R — Alastair (@StockBoardAsset) October 27, 2018 The market has only just begun a correction from being extended 3-standard deviations above the long-term mean. 1999, 2007 and 2015 were previous instances. $SPY $TLT https://t.co/uSCQxCkyTF pic.twitter.com/JpOsx55amw — Lance Roberts (@LanceRoberts) October 27, 2018 QT finding traction.The #moneyprintingpump … Read more

Global Weather Anomalies (Early Autumn 2018)

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As our world shifts climate patterns due to a weakening magnetosphere brought on by a 400-year cycle in our Sun’s output, weather extremes are becoming more obvious. These are but a few examples through the first part of Autumn 2018 along with long climate cycle data and how the economy of our planet is being … Read more

The first seven Black Americans elected to US Congress — All seven were REPUBLICANS. Democrats tried to erase this from history texts.

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First 7 black Americans elected to Congress during Reconstruction, all Republicans. Sen. Hiram Rhodes Revels R-MS, Rep. Benjamin Turner R-AL, Rep. Robert DeLarge R-SC, Rep. Josiah Walls R-FL, Rep. Jefferson Long R-GA, Rep. Joseph Hayne Rainey R-SC, Rep. Robert Brown Elliot R-SC. pic.twitter.com/CY39R3mUXc — The Independent Thinker (@TrueIndyThinker) October 28, 2018 First 7 black Americans … Read more

Twitter is “deeply sorry” for refusing to take down pipe bomb suspect’s tweet

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by DCG Rochelle Ritchie, who received a tweet from the wanna-be bomber, got the Media Matters memo and blames Trump for the bomber’s “embolded” actions. I’m so glad I don’t use the Twitter platform anymore. Just garbage and bias there, day in and day out. From Hollywood Reporter: Twitter is apologizing for refusing to take down a threatening tweet that … Read more

Family lawyer says Cesar Sayoc does not have the intellectual capacity to be package bomber

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by Dr. Eowyn Ronald Scott Lowy is an attorney in Miami, Florida. Lowy had represented accused package bomber Cesar Altieri Sayoc, 56, in the past (Sayoc had been arrested nine times, not including his arrest yesterday for sending package bombs to a plethora of prominent Democrats), and currently represents Sayoc’s family — his mother and sister. https://fellowshipoftheminds.com/wp-content/uploads/2018/10/Attorney-Ronald-Lowy-on-package-bomber-Cesar-Sayoc.mp4?_=1 Yesterday, … Read more