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

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