Rahm Emanuel sets up UBI task force to tackle poverty

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by DCG Liberals never learn from history. From Fox News: Chicago Mayor Rahm Emanuel will form a task force that will consider implementing the so-called “universal basic income” program in the city, as the embattled mayor seeks to cement his progressive legacy after promising not to run for another term. The idea for the program, which would make monthly payments to … Read more

8-Steps To Fiscal Fitness

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by Richard Rosso Autumn is the period of transition from summer to winter; a time of harvest. Use the season to breathe fresh perspective into your finances and prepare for a prosperous 2019. Here are the 8-steps to fiscal fitness. #1: A thorough portfolio review with an objective financial partner is timely. Most likely your … Read more

The “Junkie Market” Is Back Again

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by Dana Lyons An abundance of New 52-Week Highs AND 52-Week Lows has been a warning in the past. Today’s Chart Of The Day looks at a phenomenon that we’ve highlighted in the past on several occasions and which we have termed, “the Junkie Market”. The idea is a simpler offshoot of the notorious “Hindenburgh Omen”. Essentially, it … Read more

Big government at work: Cost for Sea-Tac Airport project soars from $608 million to almost a BILLION

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by DCG Can you imagine how many private contractors would go out of business if they couldn’t estimate construction costs properly and had overruns of over 50 percent on originally estimated costs? Course they have to make a profit – government bureaucrats don’t have to worry about details like that. The Port of Seattle operates … Read more

The `Hindenburg Omen’ Is Stalking Near-Record U.S. Stock Market… TEPPER: Late Innings for Bulls…

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via Cormac Mullen Warnings from Wall Street are coming thick and fast as U.S. stocks sit near all-time highs. The latest, from Sundial Capital Research Inc., points to a (controversial) group of potentially bearish technical signals known as the Hindenburg Omen. Deteriorating breadth in share gains and a jump in the number of individual stocks falling to … Read more

SHE’S BLUFFING: Dianne Feinstein sends cryptic Kavanaugh letter to DOJ.

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via pjmedia: NEW: Sen. Feinstein: “I have received information from an individual concerning the nomination of Brett Kavanaugh to the Supreme Court" and "referred the matter to federal investigative authorities.” pic.twitter.com/ORpIeiNhpI — NBC Politics (@NBCPolitics) September 13, 2018 And Ashe Schow tweets: “These two paragraphs from @theintercept make it seem like whatever Feinstein has is a big … Read more

Facebook Goes Full Retard, Will “Fact-Check” Videos, Photos

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by Chris Black   Let me begin with a statement: if you’re still active on Sundar Pichai-Jack Dorsey-Mark Zuckerberg’s digital ghettos, and by that I mean  Google search-engine, YouTube, Twitter or Facebook, after everything that’s happened lately, i.e. all the blatant bias, censorship and all the privacy scandals, instead of migrating to alt-tech platforms (minds, … Read more

What Truckers & Railroads Said About the Economy: First Signs that Blistering Demand is Backing Off, Cyclicality Lives

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But the cost of shipping surges, no holds barred. The signs that the infamous cyclicality of the transportation industry is changing direction once again are still timid. This industry is a thermometer of the goods-based economy. And it has been hopping! But the first such signs are appearing, even as activity … Read more

BOOM! Jeff Sessions DOJ Just Got SUED! Weiner Laptop EMAILS Recovered Will Indict Them All!

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https://www.youtube.com/watch?v=0SXRpM_Y818 Cristina Laila for the Gateway Pundit reports, Conservative watchdog group Judicial Watch filed a lawsuit against the Justice Department Tuesday after the FBI ignored two previous FOIA requests for all emails found on Anthony Weiner’s laptop. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…

Ted Cruz Reveals HORRIFIC Place Dems Want To Turn Texas Into

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https://www.youtube.com/watch?v=JMGj0313Mn0 Naomi Lim for the Washington Examiner reports, Sen. Ted Cruz, R-Texas, mocked California at a campaign rally over the weekend as Democrats invest time and money into turning Texas blue like the left-leaning Golden State. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/news/ted-cruz-democrats-want-to-turn-texas-into-california

EU Head Juncker: Use the Euro, Not the USD, as Global Trade Currency

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via politico.eu: European Commission President Jean-Claude Juncker will argue the euro should become the global currency for trade instead of the U.S. dollar in his State of the Union speech Wednesday morning. Addressing the European Parliament in Strasbourg, he will make a pitch for the EU to “punch above its weight, not below,” according to an … Read more

Why Everyone Will Just Keep Doing What They’re Doing Until the System Breaks

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mission complete: jam everyone back into tech $SPX pic.twitter.com/R49893WJ6V — Alastair (@StockBoardAsset) September 13, 2018 We warned you in the summer that despite the bulls constant claim of 'massive underlying demand and a shortage of homes', housing was slowing. https://t.co/SYe4b6bWub Now the homebuilders seem to waking up to that reality https://t.co/QRi1bXpBxP — Julian Brigden (@JulianMI2) … Read more

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