Implosion of Stock Market Double-Bubble in China Hits New Lows, Authorities Busy Elsewhere Keeping China Miracle from Unraveling

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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

#RedWave and #BlueWave Tweets on Twitter over the Last Week

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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

Southern California’s economic growth hits 7-year low, by this Fed index

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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

Kudlow: China ‘has not responded positively to any of our asks’ in US trade talks

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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

Why did emerging market equities outperform in the 2000s, and why did US equities outperform after 2009?

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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

New York AG launches probe into MoviePass parent company for allegedly misleading investors: Source

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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

Las Vegas Oddities

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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

When The Propping Fails

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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

Defense Of The 200 DMA

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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

Have The Chinese Lost Control? Something Is Going On With Gold, The Yuan, And The Peg

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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

Are Hondurans Being Paid To Storm The U.S. Border At Election Time – Is George Soros Involved – How Dangerous Is It Going To Get?

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by Ruby Henley All the Fact Check websites continually smack down any references to George Soros encouraging the destruction of the sovereignty of the United States.  Just get used to any information making its way to the headlines concerning George Soros – that is if it is negative – to be considered false by the … Read more

In One Map: Car Imports into the United States

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by howmuch Now that the global trade war, started by United States President Donald Trump, is in full swing, many people want to learn the facts before passing judgement. Global trade is a complicated problem and it may be easier to understand the issue piecemeal. Take a look at the infographic below to see the … Read more