Idea that US has more bullets than China in trade war is nonsense.

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https://twitter.com/GlobalProTrader/status/1032660908407959552 WASHINGTON/BEIJING (Reuters) – U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country’s goods. “We concluded two days of discussions with counterparts from China and exchanged views on how … Read more

Trump Isn’t Going Anywhere… Yet

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by Daniel Carter President Trump appears to have received the worst news of his presidency this week. Within a matter of moments apart, Paul Manafort, Trump’s campaign chairman, was found guilty of tax fraud, while Michael Cohen, Trump’s former lawyer, plead guilty to campaign-finance violations. These penalties did not directly implicate Trump in any crimes. But … Read more

How Financially Literate Are You With Investing?

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by visualcapitalist If you’ve ever paid attention to any report on financial literacy from around the world, you’ll likely know that the results aren’t exactly awe-inspiring. For example, according to one global survey, only about 33% of adults are financially literate. Americans tend to fare better on average, but not as much as you might imagine. In fact, … Read more

Snap’s “first annual meeting, held on Aug. 2, involved no public questions. It lasted 2 minutes and 46 seconds.”

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Kinda laughable. I really dont think they wanted to go public though. Will keep watching them for a couple years if they are still not bankrupt. https://www.bloomberg.com/news/features/2018-08-22/nobody-trusts-facebook-twitter-is-a-hot-mess-what-is-snap-s-evan-spiegel-doing On the second floor of the new headquarters of Snap Inc. in Santa Monica, Calif., is a room dedicated to helping employees open up. It’s round and lined with potted … Read more

Over 25% of Russell 2000 firms don’t make any money, yet the index is at a record high and it is up 12.18% year to date.

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US Economy Showing Deteriorating Signals As we mentioned, the NFIB small business index is looking great and the S&P 500 earnings growth is strong. However, the Merrill Lynch chart below shows not all companies are prospering. It shows the percentage of Russell 2000 members which aren’t making any money. It’s remarkable to see that the percentage has increased even … Read more

You don’t get a 7-8% annual return by waiting to collect Social Security, you get a 7-8% annual increase in each SS check by waiting.

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by KillingTime56 The Internet is a buzz with financial advisers and other so called experts talking about the glories of waiting to collect Social Security. DELAY, DELAY, DELAY, they say. They promise a 7-8% “annual return.” But it is not a true annual return. Instead your monthly checks will be 7-8% higher if you delay collecting … Read more

Australia bans Huawei from 5G network

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Chinese-owned telecommunications giant Huawei has been blocked from rolling out Australia’s 5G network due to security concerns. The government said Thursday that the involvement of a company “likely to be subject to extrajudicial directions from a foreign government” presented too much risk. … The decision also affects ZTE Corp, a Chinese maker of mobile devices. … Read more

Trump Hits Haters Hard – Reminds EVERYONE of Obama’s MASSIVE Payoff That They Want You To Forget

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https://www.youtube.com/watch?v=6CunY2WcwLE Charlie Spiering for Breitbart News reports, President Donald Trump defied the notion that campaign finance violations were a serious crime, pointing on Wednesday to a former financial settlement with former President Barack Obama’s campaign. Read More/Source/Credit/FairUse: https://www.breitbart.com/big-governm…

Here’s who owns a record $21.21 trillion of U.S. debt

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Via Marketwatch Who owns the huge and growing U.S. national debt? By and large, Americans. Some 70% of the national debt is owned by domestic government, institutions investors and the Federal Reserve. A shade under 30% is owned by foreign entities, according to the latest information from the U.S. Treasury. The nation’s debt climbed to a … Read more

The Elephant In The Room: Share Repurchases

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by David Robertson In a famous Indian parable [here] a group of blind men encounter an elephant. Since each blind man encounters a different part of the elephant (e.g., the tusk, the leg), there is a great deal of disagreement as to what the elephant is. The moral of the story is that “humans have a tendency … Read more

S&P 500 Longest Bull Market Ever: Record-Breaking Bear Market Coming

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via Mike Shedlock: As traders cheer the longest bull market in history, they ought to be wondering “what’s next?” The bulls are cheering loudly today as the S&P Hits Record, Equals Longest Bull-Run The benchmark S&P 500 hit an all-time intraday high on Tuesday, the same day it equaled its longest-ever bull-market run, as U.S. stocks rose … Read more

Jim Jordan Tweet Calling out the DOJ/FBI Corruption

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Ohr’s wife worked for firm hired by Clinton to produce the Dossier -Ohr passed Dossier to FBI -FBI used “salacious and unverified” Dossier to spy on the President’s campaign Who all knew about this at the DOJ? They all did. Sessions is stalling as long as possible for his masters.   h/t cookiecutterhipster

Trump slams Sessions again this morning…

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Trump slams Sessions – YouTube  Donald J. Trump ‏Verified account @realDonaldTrump “Department of Justice will not be improperly influenced by political considerations.” Jeff, this is GREAT, what everyone wants, so look into all of the corruption on the “other side” including deleted Emails, Comey lies & leaks, Mueller conflicts, McCabe, Strzok, Page, Ohr…… “Department of … Read more

Jason Chaffetz on AWOL Jeff Sessions: Absent, Inadequate, Missing, a Disappointment…Joe diGenova: He must resign after election

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AWOL AG Sessions unloaded on President Trump Thursday afternoon in a rare statement in response to the President’s interview with FOX & Friends host Ainsley Earhardt. “I took control of the Department of Justice the day I was sworn in, which is why we have had unprecedented success at effectuating the President’s agenda,” Sessions said … Read more