The New York Times OpEd Should Frighten Every American
I’m gonna take “not true” for a thousand, Alex: https://tinyurl.com/yby7sasm
Heading into midterm elections, the stock market usually has a weak September but then rallies 14.5% on average from October thru March!
by JayFig_The_Trader Will midterm elections sink the stock market? Here’s what history says – https://on.mktw.net/2PsfPxG Here is a summary of my current positioning and trades. Closed Positions Today 9/5/18 Sold XOP Calls September-21st-41 Strike Bought at 1.01 Sold at 1.25 (+23.76% Gain) Opened Positions Today Bought XOP Calls September-21st-41 Strike Bought at 1.01 Current Short Term … Read more
Decade after housing crash, Fannie Mae and Freddie Mac are Uncle Sam’s cash cows
Fannie and Freddie 10 years later from CNBC. When the housing market began its epic and historic free-fall in 2008, mortgage giants Fannie Mae and Freddie Mac faced imminent collapse. The Treasury Department stepped in with a major bailout that July. And it turned out to be a vastly profitable move for Uncle Sam. The … Read more
A History of U.S. Bull and Bear Markets
by brian_willis It’s surprising just how small the bear markets are relative to both the length and returns of the bull markets. I would have guessed a ratio of 70% bull to 30% bear, but it’s more like 90% bull to 10% bear. A good reminder about how the media’s natural pessimism can alter our … Read more
Income distributions for young people under age 26
by yes_its_him So the IRS put out some aggregate information on 2016 taxable gross income reported by single people under age 26. 80% earned up to $25,000. Another almost 16% earned $25,000 to $50,000. So that’s collectively 96% of people in that age group who filed tax returns. About 3% made up to $75K, and the remaining … Read more
Your amazon store card is probably scamming you
by Underwater_Grilling I noticed a weird charge in my statement that pays my amazon store credit card off. It’s listed as security 5. I didn’t know what it was but the amount kept going up as my card balance went up. Called the number and the guy answered then danced around what the name of … Read more
Map showing the 7.8 million foreclosed homes by state
via sdbernard:
If you lived in Argentina, and instead of holding pesos, you converted them to Bitcoin at the beginning of the year, then you would have lost even more money.
If you lived in Argentina, and instead of holding pesos, you converted them to Bitcoin at the beginning of the year, then you would have lost even more money. pic.twitter.com/EYcQV3Yn7h — Joe Weisenthal (@TheStalwart) September 6, 2018 https://twitter.com/OccupyWisdom/status/1037530737208119297 https://twitter.com/OccupyWisdom/status/1037476915865628672
Top of the greatest bubble of ALL TIME
Top of the greatest bubble of ALL TIME, and CNBC ratings continue to drop. 80% of public hasn't benefited from these bubbles. "BUBBLEVISION" has cheerleaded for all three, each one costing the country a little more of it's soul. Millions displaced, inequality rampant. #complicit pic.twitter.com/1auohhNa0I — M/1_LP (@MI_Investments) September 6, 2018 #GoldmanSachs Bull/Bear market risk … Read more
Baltic Dry Index rolling over since summer — turning point is here and it could allude to a global slowdown.
Baltic Dry Index <.BADI> rolling over since summer — turning point is here and it could allude to a global slowdown. Stay tuned. pic.twitter.com/xdDM2ojRv2 — Alastair (@StockBoardAsset) September 1, 2018 well, at least Bullard sees the 2s10s inverting sometime this year pic.twitter.com/EHGEIwH2F0 — Alastair (@StockBoardAsset) September 5, 2018 https://twitter.com/OccupyWisdom/status/1037533805203075072 https://twitter.com/pierpont_morgan/status/1037647168918704128
Truthstream Media: The Real Wealth Gap
Elite billionaires referring to themselves as using tech to join a ‘class of immortal overlords’ that live twice as long as everyone else? Gee, sounds super fun, can’t wait. Crazy what they’re blatantly admitting to people these days…
Vanguard Warns of Worsening Odds for the Economy and Markets
via Jeff Sommer The chances of a recession by the end of 2020 are mounting. And the prospects for the American stock market in the next decade have worsened appreciably. Those are prognoses, not facts. But they’re not just offhand projections, either. They are the sober assessments of Vanguard, the $5 trillion asset management firm. And … Read more
Disaster Is Inevitable When America’s Stock Market Bubble Bursts
via 720 Global Despite the volatility and brief correction earlier this year, the U.S. stock market is back to making record highs in the past couple weeks. To many observers, this market now seems downright bulletproof as it keeps going higher and higher as it has for nearly a decade in direct defiance of the naysayers’ warnings. … Read more
Where are Nike Shoes Made?
via dataandmedia: Source for data is Nike Created using Tableau There is an interactive version of this data viz that also includes a bit of insight too!
Fidelity’s New Zero Fee Funds Experience $1 Billion In Inflows Within First Month
News article: https://www.cnbc.com/2018/09/04/fidelity-offers-first-ever-free-index-funds-and-1-billion-follows.html Link to the funds: Fidelity ZERO Total Market Index Fund (FZROX) Fidelity ZERO International Index Fund (FZILX) Technically they only had $753.5M+$234.18M=$987.68M on August 31 but according to CNBC that’s good enough to round up to a billion. h/t notafeg
Is the MSM Dropping Hints About Something Dire This Way Comes
https://www.youtube.com/watch?v=yfnzsbyGBvo
Global PMIs Show Synchronized Slowdown Underway
via Topdown Charts Something has been happening in the global economy this year – and I say *this year* for good reason. Both the developed and emerging market composite manufacturing PMIs peaked in December last year, and have both seen an almost consistent and synchronized slowdown. We can definitely blame tighter financial conditions and increased market volatility, but political risk … Read more
Daniel Ellsberg on Whistleblowers and Journalists and Julian Assange
by Jesse “The courage we need is not the fortitude to be obedient in the service of an unjust war, to help conceal lies, to do our job for a boss who has usurped power and is acting as an outlaw government. It is the courage at last to face honestly the truth and reality … Read more
Emerging Market Debt Crisis – A Reality Check
by Martin Armstrong QUESTION: Hello Martin … I follow emerging markets closely and one thing I note is that the size of the sovereign forex-denominated debt burdens are quite small relative to GDP except in the case of Argentina (48%). Everybody else, including Turkey and Indonesia) is 11% or less. How can you have a … Read more