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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Defying my dictum that nothing goes to hell in a straight line. The headline said that shares of Sears Holding jumped “more than 7%” in late trading after it reported more losses and store closures and plunging revenues in its second quarter earnings report. By the time I checked it out, the stuff … Read more
by WillingEggplant via MSN: To give you an idea of how your retirement savings stack up against your peers, check out the average 401(k) balances in Fidelity accounts, as of the second quarter of 2018, broken down by age. The data was provided to CNBC Make It by Fidelity, the nation’s largest retirement-plan provider: Age 20 to 29: $11,500 Age … Read more
The chief executive officer of Uber Technologies Inc. says the company is still planning to forge ahead with an initial public offering in the second half of 2019. “At this point, it’s all systems go,” said Dara Khosrowshahi, who joined Uber as CEO in August 2017 after co-founder Travis Kalanick was ousted from the top … Read more
via cmegroup: We freely admit: Figure 1 is probably the strangest chart that you will ever see, at least in finance. You may be wondering: did they throw blue spaghetti noodle on paper for inspiration and then write an economics article about it? Or, have they spent too much time with disciples of psychologist Timothy Leary, … Read more
Watching the financial exploits of the super-rich is a pastime that is as fashionable in today’s online world as is was hundreds of years ago, when the everyday people would watch land barons sail by in their luxury carriages. In those days, the attention might have been on bags of gold coins, but today, the … Read more
https://www.youtube.com/watch?v=evSAwzjzMsM Synopsis: Yesterday Senator Jeff Merkley, a Democrat from Oregon, floated a totally fake story on MSNBC concerning how hard-hearted President Trump had taken $10 million out of FEMA’s hurricane relief fund and given it to ICE to build detention camps.
by Shaun Richards Today is a day for central bankers as both the Bank of England and European Central Bank declare the results of their latest policy decisions. However it will be a Super Thursday only in name as the main news concerning the Bank of England this week has been the extension of Governor … Read more
From Birch Gold Group A commonly used cliché in investing is “Don’t put all of your eggs in one basket.” If most (or worse, all) of your retirement “eggs” are relying on a pension plan, now would be the time to consider diversifying. Short of a miracle, pensions are on their way out. Some experts believe … Read more
New Strzok-Page Documents Reveal FBI Officials Used Unsecured Devices for Sensitive Info https://saraacarter.com/new-strzok-pa…
via @foimbert Tepper says stocks could drop 5 percent to 20 percent if trade tensions between the world’s two largest economies increase. “We may have to get used to that these tariffs just may be on,” he says. “Then, there will be an adjustment in the stock market. … Then you move up from there.” Equities … Read more
First Walmart now Google: Dozens of Clinton Staffers Hired by Google — and Vice-Versa Dozens of people who used to work for Hillary Clinton’s presidential campaign and a number of Clinton initiatives went on to work at Google, and vice-versa. At least twelve employees from the Clinton Global Initiative, the Clinton Foundation, and the Clinton … Read more
The EU has voted to adopt a controversial law which could ban memes and censor the internet. Critics fear the legislation being brewed up in Brussels will stop people from sharing copyrighted images or videos – perhaps even if they have been altered or edited. The laws would force Google, Microsoft and others to pay publishers … Read more
via dailycaller: After Breitbart published a leaked video of Google employees reacting to President Donald Trump’s victory in 2016 on Thursday, CNN left its viewers in the dark by spending no time on-air covering the story and assigned no reporter to write about it for its website, according to a search by The Daily Caller … Read more
https://youtu.be/3WfeQUwP3PQ Here’s why the EU’s attempt to punish Hungary will only backfire and elect more nationalists!!! AC
from Zero Hedge Two days ago we previewed the the US budget deficit for the first 11 months of fiscal 2018, which according to CBO data, hit $895 billion, up $222 billion or 39% from the same period last year. Additionally, we noted that according to CBO calculations, the US would hit a $1 trillion deficit in calendar 2019, … Read more
Federal data released Wednesday show that California has the highest poverty rate in the nation. The Census Bureau’s Supplemental Poverty Measure (SPM) for 2017estimates that California’s poverty rate is at 19 percent. That figure is a slight 1.4 percent drop from last year, but still the highest of any state. The bureau’s methodology takes into account the cost … Read more
From Brandon Smith Almost every aspect of the global economic downturn, which started ostensibly in 2007-08 and is still ongoing to this day, can be traced back to the actions and policies of central banks. The Federal Reserve, for example, used artificially low interest rates and easy money to create a supposedly no-risk loan environment. This … Read more
https://www.youtube.com/watch?v=jEGhhohac3U Trump declares National Emergency concerning Elections https://www.cnsnews.com/news/article/susan-jones/trump-declares-national-emergency-deal-threat-election-meddling https://www.ktsa.com/trump-signs-order-to-impose-sanctions-against-foreign-meddling-in-us-elections/ EO signed yesterday President Donald Trump has signed an Executive Order declaring a national emergency to deal with the threat of foreign interference in US elections and authorizing the Government to impose sanctions against any countries or foreign individuals found to have engaged in election … Read more
LAWRENCE (CBS) – Several fires are burning in the Lawrence area after a reported issue with a high pressure gas main. Massachusetts State Police, the Fire Marshal’s office and MEMA are responding to multiple suspected gas explosions and fires in Lawrence, North Andover and Andover. No injuries have been reported. MEMA says the fires may … Read more
