Fidelity announces two additional zero-expense ratio funds

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by Stahrk https://www.bloomberg.com/news/articles/2018-09-12/fidelity-launches-two-additional-zero-fee-index-mutual-funds https://www.fidelity.com/about-fidelity/individual-investing/fidelity-continues-to-lead-the-industry-with-launch With the addition of these funds, this makes a total of four zero-ER offerings from Fidelity, they’ve lowered the ERs on most of their other funds, and also nixed the minimum investment requirements and all account-level fees. This appears to be a rather significant threat to Vanguard, as their online interface, … Read more

Thoughts on the Canadian Market

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by warzog With NAFTA agreement looming and Canada clearly going to have their trade surplus pulled back or face major auto tariffs, where do you guys see the Canadian market and dollar going? Energy industry – Bearish Manufacturing – Bearish Finance industry – Big bear Real estate – Biggest bear (especially in plump markets like Vancouver … Read more

ZIRP and QE make assets more valuable and prices more expensive it’s on purpose

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https://twitter.com/OccupyWisdom/status/1039911899654221824 This absurdity in credit markets shows what the top of the business cycle looks like: Corporate debt at extreme levels, Fed in tightening mode, but credit spreads near record lows. This is perhaps the greatest highlight from Jeff Gundlach’s presentation yesterday. pic.twitter.com/X4YegQEW16 — Otavio (Tavi) Costa (@TaviCosta) September 12, 2018 History of bubbles along … Read more

Keiser Report: Fatal price spikes

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https://www.youtube.com/watch?v=FCQZR77DYFU In this episode of the Keiser Report, Max and Stacy discuss how much pharmaceutical prices have shot up since ObamaCare passed and look, in particular, at rising insulin prices and how many diabetic patients are unable to afford their required dosage with sometimes fatal consequences. The month-to-month uncertainty in costs and coverage is literally … Read more

Internet Becoming A lot More Censored…. Are Media Matters and George Soros Behind Social Purge?

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https://www.youtube.com/watch?v=nJWLeZLuFhM A nearly two year old document reportedly issued by Media Matters for America lays out a plan for “defeating Trump” and Republicans over the next four years. But is this strategy actually responsible for the social media purge which only protects establishment “left” and “right”

The Everything Bubble Has Found Its Needle

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via GPC The Fed has burst the Everything Bubble. No one has noticed it. Indeed, everyone in the US seems to be blissfully unaware. But the reality is that the massive bubble created between 2008 and 2018 is in the process of bursting. And the Fed was the needle. If you think I’m being dramatic, … Read more

Global Growth Close To 2-Year Low In Broadening Slowdown

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via Markit Global PMI at second-lowest since November 2016. Slower developed and emerging market growth. Exports and consumer sector see steepest slowdowns. Prices rise sharply. Global economic growth edged lower in August, according to the latest PMI surveys, down to its second-weakest for nearly two years. The surveys also brought signs of an export-led slowdown … Read more

Tech as the canary in the coalmine

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via humble student of the market Technology stocks have been on a tear in the last couple of years. Indeed, both the Tech sector and the Tech heavy NASDAQ 100 has been market leaders. Tech earnings have surged in this cycle. By contrast, non-Tech earnings appear to be at or near a cyclical peak.

THE CREEPY LINE: Initial Screening in NYC Sold Out.

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via missliberty: “An eye-opening documentary, The Creepy Line reveals the stunning degree to which society is manipulated by Google and Facebook and blows the lid off the remarkably subtle – hence powerful – manner in which they do it. The Creepy Line is a title taken from the words of former Google CEO Eric Schmidt, when … Read more