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by jessefelder A while back I wrote about what I believe to be the single greatest mistake investors make. Well, it turns out this sort of extrapolation is also the single most popular investment methodology there is. As Robert Shiller wrote for the New York Times over the weekend, “People tend to believe that recent trends will continue, whatever … Read more
From the Ron Paul Institute: What do we call it when the government outsources censorship to the private sector? And what about when those “private” companies are in bed with government? The latest social media purge of hundreds of alternative news sites guarantees that we will be less informed. Guarantees that our only inputs will be … Read more
From Nextbigfuture: DARPA OFFSET looks to empower dismounted units by transforming how humans and autonomous swarms interact in dynamic and complex urban operations. DARPA’s OFFensive Swarm-Enabled Tactics (OFFSET) envisions swarms of 250 collaborative autonomous systems providing critical insights to small ground military units in urban areas where vertical structures, tight spaces, and limited sight lines constrain communications … Read more
For More Information See: https://www.pbs.org/video/american-ma…
https://www.youtube.com/watch?v=85JVS6n_QvI https://www.nytimes.com/2018/08/05/business/bankruptcy-older-americans.html … medical bills … mortgage … their CHILDREN’S COLLEGE LOANS! … AC
Lots of news stories are being blamed for today's sell-off in stocks. The reality is the market likely would have sold off today even if none of those stories took place. Bear markets don't need excuses to fall, but investors who don't know they're in one always look for one! — Peter Schiff (@PeterSchiff) October … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Bigger issues than propping up the stock market beckon. Today, the Shanghai Composite Index dropped another 2.9% to 2,486.42. In the bigger picture, that’s quite an accomplishment: Lowest since November 27, 2014, nearly four years ago Down 30% from its recent peak on January 24, 2018, (3,559.47) Down 52% from its … Read more
Skepticism towards incivility: https://tinyurl.com/ycn8l9f3
I never complain about spending on experience and not things but I’m wondering if we really needed that photographer… via MannyDantyla:
via mattindustries: Part of an ongoing project, once finished I will post all related code. Tweets were scraped using this NodeJS scraper I made a while back. Hash array was populated with [‘#BlueWave’,’#RedWave’] with a slight modification to the filename which is now ‘tweets.’ + String(new Date().toISOString().slice(0,10)) + ‘.json’ so that they are split by date. Visualized in R/ggplot and combined with … Read more
via ocregister: Southern California’s economy is growing at its slowest pace in more than seven years, according to an index from the Federal Reserve Bank of St. Louis. To create regional indexes that track a region’s business output, Fed researchers reviewed a dozen economic benchmarks — from jobs and salaries to construction permits to bank profits and … Read more
by NineteenEighty9 Larry Kudlow, the director of the National Economic Council, went after China on Thursday for digging their heels in trade talks with the U.S. “They are unfair traders. They are illegal traders. They have stolen our intellectual property,” Kudlow said at the Detroit Economic Club on Thursday. “China has not responded positively to … Read more
https://i.imgur.com/trYzI90.png Above is a quick chart of the returns of $SPY, $EEM, and $EFA, using Portfolio Visualizer. It’s just mind-boggling that the equity prices of the emerging markets could shoot thru the roof in the 2000s while that of the US moved up little, while nowadays the US equity is taking off and leaving that … Read more
by cbus20122 Real bond yields have risen higher in the past year (after being negative for a long time). For people who don’t know what this means, real yield is basically the rate of return on a bond vs. the rate of inflation. If real yields are negative, that means your money being parked in … Read more
It’s another stumble for MoviePass, which in recent months has repeatedly adjusted its movie subscription plans and taken out hefty loans to cover massive losses. New York Attorney General Barbara Underwood has opened a probe into MoviePass parent company Helios and Matheson, a person familiar with the matter told CNBC. The attorney general’s office is investigating … Read more
by Chris There are lots of unexplained oddities, enough for me to know that the officials are hiding something. Probably something embarrassing to them, of course, because that’s far and away the #1 reason for anything to be declared “sensitive” or classified. It’s simply embarrassing. Like the FBI knew all about the plot in advance … Read more
by Chris Now, it is my strong contention that the various interested parties and authorities finangle the “”markets”” as much as they can and as long as they can. This is deleterious for a number of reasons, but mostly because the three key pillars of markets become deformed if not destroyed; capital allocation, price discovery, … Read more
by Chris And here’s where today’s battle lies; at the 200 day moving average (dma) of the S&P 500. Already we’ve had two bounces off of that as a vigorous goal-line defense is mounted at this critical level (spx 2768.04): For TPTB defending these critical levels is where they feel most entitled to act. Breaching … Read more
from Zero Hedge Yesterday, when looking at a chart of gold priced in yuan, a level which the PBOC appeared to be far more concerned about than the yuan-dollar exchange rate, we asked if the Chinese central bank had “lost control”, because after managing to “peg” its currency at roughly 8,300 Yuan per oz of gold in Q3, … Read more
https://twitter.com/Breaking911/status/1052951456767205377 That’s a lot of people donating money.