Credit card interest rates are at record highs

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On the heels of the latest Fed rate hike, credit card interest rates are at record highs. The average APR is now over 17 percent, according to CreditCards.com’s latest report. That means it’s time to aggressively pay down debt. If you’re running up a tab on plastic, this could be a breaking point. Just a … Read more

Five charts that show why gold belongs in your portfolio now

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From Frank Holmes at Frank Talk: The annual “In Gold We Trust” report by Liechtenstein-based investment firm Incrementum is a must-read account of the gold market, and its just-released chartbook for the 2018 edition is no exception. The strengthening U.S. dollar has lately dented the price of gold, and rising interest rates are making some yield-bearing financial assets … Read more

As The U.K.’s Migrant Crisis Worsens, 25K Acres Of Countryside Is To Be Paved Over To Accommodate Housing Demand

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by Jon Hall, Free Market Shooter In the United Kingdom, a record 12,350 acres of green belt land was released by the government for developers to pave over, as mass immigration causes a population boom and a demand for housing. The green belt was designed to protect Britain’s countryside from urban sprawl – but since 2012, 25,000 acres have already … Read more

Alex Newman – Horrifying Consequences If China Runs Globalist New World Order, Freaked Out New World Order vs. We the People

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Alex Newman, Journalist for the New American Magazine, says “one of the most important and underreported stories of the last century” is how China is being incorporated into the New World Order plan to enslave and rule the planet. Newman says, “I did a cover story (about China) a few years ago, and people said … Read more

Sears Hires Advisers to Prepare Bankruptcy Filing

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by COMPUTER1313 https://www.wsj.com/articles/sears-hires-advisers-to-prepare-bankruptcy-filing-1539136189 https://www.cnbc.com/2018/10/10/sears-reportedly-preparing-for-bankruptcy-filing-as-soon-as-this-week.html Sears, which has been losing money for years, has $134 million in debt due on Monday. Edward Lampert, the hedge-fund manager who is Sears’s chairman, chief executive, largest shareholder and biggest creditor, could rescue the company, as he has done in the past by making the payment. But Mr. Lampert is … Read more

The ECB and BOJ bond bubble:

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The ECB and BOJ bond bubble:At the peak of QE the #Fed was NEVER 100% of net bond issuances.#ECB is 7x net issuances, BOJ 3x. Careful. Central banks are disguising risk and there is no evidence of any real demand for #Eurozone sovereign bonds at these yields pic.twitter.com/Ft545Suvc7 — Daniel Lacalle (@dlacalle_IA) October 9, 2018

Visualize the Entire Global Economy in One Chart

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by howmuch Last week President Trump announced a landmark new trade agreement replacing NAFTA, a deal that he thinks will pour “cash and jobs” into the US economy. We don’t want todebate the merits of Trump’s approach to trade, but the world should always pay attention when the leader of the world’s largest economy starts talking about tariffs. … Read more

Rising Interest Rates Start Popping Bubbles — The End Of This Expansion Is Now In Sight

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by John Rubino Towards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening. At first the effect on the broader economy is minimal, so consumers, companies and governments don’t let a slight uptick in financing costs interfere with their borrowing and spending. But … Read more

How to Find a Financial Advisor You Can Trust

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via visualcapitalist: More and more people are using financial advisors to help them navigate the complex journey to financial freedom. But although more Americans are seeking advice on matters of personal finance, they are also less sure that the advice they are getting is trustworthy. Unfortunately, a growing amount of Americans see advisors as serving their … Read more

Soaring antidepressant use is turning our waters into a ‘drug soup’ and changing marine life’s ability to mate, feed and move

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Portsmouth’s Institute of Marine Biology is calling for a range of new measures  This includes upgrading waste water treatment plants to filter out the chemicals They also suggest educating patients on the safe disposal of medications Drug firms are being asked to design drugs that break down safely in water   Rising use of antidepressants … Read more

New York Democratic Party Chair Pleads Guilty to Conspiracy to Cause Foreign Campaign Donation

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A former Erie County, New York Democratic party chair pleaded guilty today to conspiring to illegally cause a $25,000 campaign donation from a foreign source to a New York state official running for reelection. Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and U.S. Attorney James P. Kennedy Jr. for the … Read more

US Government Cloud Contract Winner

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by sozzZ The US government is moving to the cloud and is signing a 10 billion plus contract with one cloud provider to start. They are considering Microsoft, Oracle, and AWS. Google dropped out recently. AWS is the best service and already works with the CIA, but is expensive. Oracle is trying to make up … Read more

Sector breakdown of S&P 500 market cap

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by gorillaz0e Graph of this issue: https://pbs.twimg.com/media/Do2RFrvXsAAdrVM.jpg Since 12/31/2006, the weighting of the financial sector has decreased considerably. The global financial crisis of 2008 dropped the weight of the sector temporarily to just 11%. Financial services recovered quickly after the crisis but the sector is still much smaller compared to other sectors than it was before … Read more

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