Understanding the Millionaire Next Door 22 Years Later

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by HereAboutAThing In the book Millionaire Next Door a number of facts are stated including the average prices of the cars, suits, and watches. 30k, $300, and $200, respectively. These values are often recited as guidelines for r/pf readers but rarely seem to be adjusted for inflation. This is bothersome because it obscures the facts and should … Read more

This is one of the best articles about NVIDIA’s massive potential

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by TopAnalyst For those too lazy to read, here’s a quick summary: – Nvidia makes most of its money from high-performance graphic processing units (GPUs) – Their GPUs are ideal for training artificial intelligence – In fact, Amazon, Google, Facebook, and other tech giants use Nvidia’s GPUs to train their AI – Not only that, most self-driving … Read more

Snapchat Is ‘Quickly Running Out of Money,’ Analyst Says

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Snap Inc. “is quickly running out of money” and may need to raise capital by the middle of next year, according to a scathing new research report from MoffettNathanson. In order to reach Chief Executive Officer Evan Spiegel’s goal of profitabilityin 2019, Snap would need to grow “massively faster” than expected and cut costs aggressively, analyst … Read more

Scientists connect human brains… Collective choices made together — without speaking

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Neuroscientists behind the project called it “BrainNet”, a “multi-person non-invasive direct brain-to-brain interface for collaborative problem solving”. In layman’s terms, researchers from the University of Washington and Carnegie Mellon University figured out a way to connect three brains (still attached to their human hosts!) and have the owners of said brains make collective choices together … Read more

Defining Accommodative

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by Michael Lebowitz Here are two statements from the Federal Reserve’s Federal Open Market Committee (FOMC) immediately following their interest rate decisions of August 1, 2018 and September 26, 2018. August 1, 2018 – In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal … Read more

LEAKED TRANSCRIPT CONTRADICTS GOOGLE CHINA STORY… Plan to Police ‘Tone’… Users Behaving Badly…

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LEAKED TRANSCRIPT OF PRIVATE MEETING CONTRADICTS GOOGLE’S OFFICIAL STORY ON CHINA “WE HAVE TO be focused on what we want to enable,” said Ben Gomes, Google’s search engine chief. “And then when the opening happens, we are ready for it.” It was Wednesday, July 18, and Gomes was addressing a team of Google employees who were … Read more

Don’t Believe the Media Hype on Bank Stocks and Rising Interest Rates

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via wallstreetonparade: The 10-year U.S. Treasury note touched a 7-year high in yield early this morning at 3.25 percent before falling back to 3.22 percent in mid-morning trading. As rates have risen over the past year, we’ve witnessed a growing chorus of business writers repeating the following mantra, or words to this effect: bank stocks will do … Read more

Revealed: The Run on Banks in Catalonia after the Independence Vote was Fomented by Madrid

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The clandestine role of the Spanish government in a run on deposits that drained €29 billion from Catalan banks. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Just over a year has passed since over two million people in Catalonia voted in a banned referendum to leave Spain. On that day, the separatists were … Read more

Japan monetized 50% of its national debt. Why has there not been a surge of inflation? And why can’t the Fed restart QE and do the same?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Asset-price inflation feels good to asset holders – until it doesn’t I was asked two important questions in this mind-boggling era of QE: The Bank of Japan has monetized 50% of its national debt; so why has there not been a surge of inflation? And why can’t the Fed restart QE … Read more

The World As We Know It, Is About To Change

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Trump confuses press with paid protestors remark and then says some didn’t get check. Maxine Waters under investigation regarding her campaign.Assad grants amnesty to army deserters, but not those who committed crimes. Pelosi order FOIA on the FBI investigation which puts Feinstein in a tough position. Q drops more bread, the world is about to … Read more

Middle Class Erosion: 33 Million Americans Will Not Travel During The Holidays Because They Can’t Afford To Do So

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by Michael Snyder We have repeatedly been told that the U.S. economy is “booming”, but meanwhile the middle class in the United States continues to be hollowed out.  The financial bubbles that the Federal Reserve has created have been a great blessing for those at the very top of the economic pyramid, but most of the … Read more

Gimme Some Truth: John Lennon Tells It Like It Is

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by John W. Whitehead “You gotta remember, establishment, it’s just a name for evil. The monster doesn’t care whether it kills all the students or whether there’s a revolution. It’s not thinking logically, it’s out of control.”—John Lennon (1969) Long before Bette Midler was roundly condemned for tweeting “Women, are the n-word of the world,” John Lennon—never one to … Read more

The Left will smear and if possible destroy any institution they can’t seize or keep hold of.

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GOODNESS: Brett Kavanaugh’s confirmation isn’t democracy. It’s a judicial coup. For all the justified outrage about sexual assault, involving allegations that Kavanaugh denied, the new supreme court justice represents an even bigger lie than his mindless fabrications about “ralphing” and “boofing”. He can blame his weak stomach if he likes; the rest of us are heaving … Read more

The enemy of the people have mobilized, yet again, to protect the Democratic Party.

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THE JOURNOLIST IS HOPPING: ● Republicans have a new name for Democrats: ‘mob.’ —CNN, Sunday. ● ‘An angry mob’: Republicans work to recast Democratic protests as out-of-control anarchy. —The Washington Post, yesterday. ● Republicans Seize On Stoking Fears Of Left-Leaning Mob To Mobilize Voters. —Talking Points Memo, today. ● The GOP’s sneaky attempt to paint the majority as an angry left-wing mob. … Read more