Bank takes man’s car for defaulting on a loan he never took

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http://www.msn.com/en-us/autos/news/a-ma…ocid=ientp “Imagine. You’re enjoying your day, minding your own business, and then someone from the bank pops over and tells you that they’re seizing your car because you defaulted on a loan that you never actually took out. Welcome to Tage Kendall’s life. “According to CBC.ca, Kendall was contacted by a repossession company this past … Read more

Deranged Left: Republican Colorado senator’s wife received text with attachment showing beheading, family members doxxed

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by DCG Senator Cory Gardner: Victim of unhinged lunatics Catch the bast*rd and lock him up. This violence coming from the progressives MUST STOP. Don’t forget this madness: From Fox News: In the wake of his vote to confirm Supreme Court Justice Brett Kavanaugh on Saturday, Republican Sen. Cory Gardner, R-Colo., revealed to Fox News on Sunday … Read more

The next financial crisis is staring us in the face

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From Bloomberg: The financial crisis ripped through Wall Street 10 years ago, pushing the global economy to the edge of the abyss. One might think those searing experiences would have created a learning opportunity — for managing risk better, understanding structural imbalances in the financial markets, even learning a bit about how our own cognitive processes … Read more

Germany Tries to Export Its Refugee Problem to Italy, Salvini Says No Thanks, Threatens to Close Airports

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by Chris Black Angela Merkel, Germany’s Chancellor and dubbed “mutti Merkel”, mother of refugees, just committed what can be described as political seppuku. Again. This time, she threatened Italy with a new migrant-flood via German flights transferring so-called refugees. No, this is not a joke, but the sad political state of affairs in the European … Read more

Red Ink: Housing Inflects Further in Bay Area’s Sonoma County… “101 New Listings, 101 Price Reductions.”

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter This is what it looks like on the ground: The home on 1704 Hurlbut in Sebastopol, Sonoma County – a pricey area a little north of San Francisco, between the Pacific and Napa County – was listed for $980,000 on June 17. Then came the price cuts: July 19: cut to … Read more

The World’s Biggest Real Estate Bubbles in 2018

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via visualcapitalist: Note: Cities with a “Bubble Risk” (>1.5) are shown in red With the current stock market bull run reaching nearly 10 years in length, it’s understandable that many investors are nervous about the end of the party coming sooner than later. However, as UBS notes in its latest report, there is also growing concern … Read more

NETLFIX ‘addict’ checks into treatment

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via USATODAY: Netflix knows it has a grip on viewers: The average subscriber streamed 50 minutes of Netflix a day last year, according to a CNBC report, and CEO Reed Hastings admits he wants to keep you watching. “You know, think about it, when you watch a show from Netflix and you get addicted to it, you stay up … Read more

What Goes Up, Must Go Down – FAANG Holders Suffering More Than The General Market

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by Uncletommy From Zero Hedge: According to a new study from UBS, with the S&P 500 sliding 1% last largely due to a furious selloff on Thursday and Friday when interest rates spiked, stocks with the highest hedge fund or passive/ETF ownership posted sharp losses that were four times larger. And just as they posted stellar returns on the way up, they … Read more

They’ll Recommend Clerks And Pretend Nothing Happened. Like A Pair Of Cement Shoes To A Mobster, The False Rape Accusations Weren’t Personal, They Were Just Business.

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But it may feel a bit more personal than that to Kavanaugh. Related: There’s Nowhere for Justice Kavanaugh to Go But Right. The lefties wooed Kennedy. They assaulted Kavanaugh. I don’t think the “Greenhouse Effect” will work here.     MICHAEL WALSH: This is the High-Water Mark of the ‘Resistance’ — for Now. When the judge reacted the … Read more

Significant Activist Hedge Fund Activity (Last 7 Days)

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by badpauly These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed … Read more

Retirement vs home ownership

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by r3dt4rget Here is what I did: Starting from day 1 at my full time time, I was saving the minimum required to get full match in my 401k. So that was 7% with a 3.5% match. I didn’t contribute more than that or to any IRA accounts. I did put some money in my HSA, … Read more

Am I Too Bearish?

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by tptelly I am wondering if someone can lay out the bullish case and/or dispute my current and personal view of the current market conditions as I see it. Not looking to push my opinions, rather to let me know am I being too bearish. This is the bear case as I see it. \- … Read more

How McDonalds Really Makes Money

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It’s about the entire operation of McDonalds which ties into its stock price and valuation. When you purchase McDonalds, you should know that part of the value comes in the prime real estate locations. h/t dmwes4

We could see $100 oil again soon, but not for the reason you think

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From Frank Holmes at Frank Talk: According to a recent Cornerstone Macro report, the three most influential macro trends this year have been 1) the strengthening U.S. dollar, 2) the flattening yield curve and 3) slowing global manufacturing expansion. I’ve written about all three topics numerous times this year, but the one I’ve watched the most … Read more