Global Debt Is A Pest That Must Be Eradicated

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by Egon von Greyerz The coming gold and silver surge is guaranteed. It is not a question of IF but only WHEN. Initially, the imminent revaluation of the precious metals will have nothing to do with an investment mania but with the total mismanagement of the world economy. A spectacular rise in the metals is … Read more

Brexit To Burst Dublin and London Property Bubbles?

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by GoldCore Brexit To Burst Dublin and London Property Bubbles? – London, Dublin, Sydney, Vancouver and Hong Kong housing prices fall … – Property bubbles in many cities internationally according to ‘Economist’, UBS & others – UBS found that six of the world’s largest cities are now subject to massive speculative housing bubbles – Hong … Read more

As the Federal Debt Hits $21.7T, Nobody in Washington Seems to Care

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by Alexander Trigaux, Editor, GoldSilver   The President. The Senate. The House. Their silence on the issue tells you all you need to know. Forget any semblance of fiscal responsibility. Washington has completely given up on bare-bones fiscal sanity. What would you call a ceiling that has been that demolished four times? Surrounded by the assorted … Read more

U.S. health insurance inflation increases further

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by ryeander Average employee/employer premium cost rose from $6250 in year 2000 to $20000 this year. This has rapidly outpaced actual monetary inflation by over 100% ($6250 in 2000 is worth $9151 today). The employer has been shouldering a HUGE chunk of health care cost that is hidden away from us. Assuming costs stay stagnant … Read more

Americans are retiring later

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by hey_grill Americans are retiring later than they used to due to increasing longevity, raising the Social Security age, and the decline of pensions. I vow this won’t be me. https://www.bloomberg.com/view/articles/2018-10-02/americans-are-retiring-later-to-boost-social-security-benefits It’s not just collecting SS later. People are working later. Consider this: In 1997, 57 percent of men claiming their retirement benefits under Social Security were … Read more

Bank of International Settlements Has a “Zero Risk” Rating on Italian Sovereign Debt

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***LET ME REITERATE: There is plenty of news stating that Italy will capitulate to the demands of Brussels to cut its deficit to the 2 percent level because it fears the wrath of the bond markets and the Eurocrats. FALSE NARRATIVE! The Italians have the upper-hand in these negotiations for the European banks are loaded with Italian … Read more

Poor Breadth Alone is Signalling a Stock Market Top

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by SpontaneousDisorder Source: https://twitter.com/sentimentrader/status/1047470933445922816 Small caps are diverging with big caps: https://twitter.com/SoberLook/status/1047327180651470849 John Hussman has posted some charts of the markets poor breadth. (It looks like his latest article has some info on this, not read it just yet.) https://twitter.com/hussmanjp Corporate profit guidance continues to deteriorate pic.twitter.com/diAJr1C9cG — Liz Ann Sonders (@LizAnnSonders) October 4, 2018 … Read more

Park: Insiders Selling Into Tax-Break-Driven Buybacks Is a Basic Pump and Dump

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via jugglingdynamite: As government revenues fall, deficits compound and debt levels leap, corporate executives have been directing the corporate cash freed up from recent tax breaks to pump up their company share prices with buybacks, while dumping their own personal holdings into the strength created.  ‘So long suckers’, indeed.  Buyers and holders beware, your longer-term financial interests … Read more

Right after Powell drops the word “accommodative,” the bond market blows up

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Right after Powell drops the word "accommodative," the bond market blows up pic.twitter.com/Dlm3zSevPZ — Alastair (@StockBoardAsset) October 4, 2018 3.22 is here, so what's next? pic.twitter.com/JJi36y13xf — Alastair (@StockBoardAsset) October 4, 2018 Global Government 10-YR Yields going higher pic.twitter.com/cM0rCa5SEk — Alastair (@StockBoardAsset) October 4, 2018 https://twitter.com/OccupyWisdom/status/1047719821289373697

Global stocks are dropping as US treasury yields are at the highest level since 2011

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by QuantalyticsResearch US Stocks Global stocks are dropping this morning as US treasury yields continue to rally after the yield on the US 10-year hit the highest level since 2011 in yesterday’s trading US Federal Reserve Chairman Jerome Powell, during a presentation yesterday, suggested current US interest levels are nowhere near “neutral” — this side comment is … Read more

HMNY raises $65 million in new funding, says it has its spending under control, share price climbs up 175%.

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Ted Farnsworth, the CEO of Helios and Matheson Analytics, which owns MoviePass, said on Tuesday that the company had raised $65 million in new funding. He also said MoviePass had controlled its spending since changing to a three-movies-per-month plan. MoviePass isn’t going anywhere — at least, that’s according to Ted Farnsworth, the CEO of Helios … Read more

After 24-years at top of FORBES list, Gates now trails Bezos by $63 BILLION!… AMAZON workers make LESS after wage bump?

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Forbes 400 2018: A New Number One And A Record-Breaking Year For America’s Richest People Buoyed in part by a strong stock market, the 400 wealthiest Americans delivered yet another record-breaking year. The minimum net worth needed to join this elite club climbed to $2.1 billion, $100 million more than last year and the highest … Read more

SEARS, KMART closing more stores

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Sears Holdings is closing at least three additional stores as the retailer faces serious questions about its future heading into the crucial holiday shopping season. The company is closing one Sears store in New York, a Kmart in New York and a Kmart in Virginia, according to layoff notices filed to government authorities. Business Insider reported that … Read more

TRUMP WARNS NYT! SHOWTIME to air documentary on story

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Trump Lawyer Warns New York Times of Tax Story ‘Defamation,’ ‘Substantial Liability’ The lawyer who won a multi-million dollar libel settlement for Melania Trump is now warning The New York Times about a story suggesting her husband, President Donald Trump, may have committed tax fraud. On Tuesday, the Times published a story, “Trump Engaged in Suspect Tax Schemes as … Read more

We Just Witnessed The Biggest U.S. Bond Crash In Nearly 2 Years – What Does This Mean For The Stock Market?

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by Michael Snyder U.S. bonds have not fallen like this since Donald Trump’s stunning election victory in November 2016.  Could this be a sign that big trouble is on the horizon for the stock market?  It seems like bonds have been in a bull market forever, but now suddenly bond yields are spiking to alarmingly … Read more