Please stop telling me that “median personal income” doesn’t matter because most households have 2 or more incomes. Don’t you realize that this IS PRECISELY the problem?

by

via @OccupyWisdom : https://twitter.com/OccupyWisdom/status/1032118924597444609 https://twitter.com/OccupyWisdom/status/1032118927583846401 https://twitter.com/OccupyWisdom/status/1032118930079473664 https://twitter.com/OccupyWisdom/status/1032118939470442496 https://twitter.com/OccupyWisdom/status/1032118952762245120 https://twitter.com/OccupyWisdom/status/1032118966121127937 https://twitter.com/OccupyWisdom/status/1032071468472049664

Gundlach says there could be a huge short squeeze in bonds which would send yields down and the dollar down. Could also make Gold rise from here in a big way.

by

What do you think? Here is the article: Gundlach warns record bond speculation could cause big move in interest rates – http://cnbc.com/id/105405803 Here is a summary of my current positioning and trades. Closed Positions Today Short XOP Puts September-21st-40 Strike Shorted at .96 on 8/13/18 Bought back at .71 (26% Gain) Current Short Term Outlook: Bullish … Read more

President found to have broken FEC finance laws. Over 1300 violations, gets one of the largest fines on record

by

Obama 2008 campaign fined $375,000 President Barack Obama’s 2008 campaign was fined $375,000 by the Federal Election Commission for campaign reporting violations — one of the largest fees ever levied against a presidential campaign, POLITICO has learned. The fine — laid out in detail in FEC documents that have yet to be made public — … Read more

Mark Levin slams Michael Cohen’s plea deal – Michael Cohen was duped by Clinton Crime family lawyer Lany Davis to plead guilty to two offenses THAT ARE NOT CRIMES!

by

Cohen is a lawyer himself, he is being blackmailed into this, the seizure of his office resulted in information of many unrelated cases of illegal activity, either he goes with their plan, or they expose him for his other crimes as a lawyer ‘Life, Liberty & Levin’ host Mark Levin says Lanny Davis had Michael … Read more

FINRA allows “Bad Actors” in the Securities Industry to exist because a large percentage of its revenue is derived from fines imposed on “Bad Actors” that should be kicked out of the industry.

by

by jetty42 FINRA is a non-government organization that has been authorized by the US Securities and Exchange Commission (SEC) to regulate Firms and individuals in the US Financial Services Industry. In FINRAs own words “FINRA is dedicated to investor protection and market integrity through effective and efficient regulation of broker-dealers.” In order to fulfill its mission FINRA has … Read more

UH OH: Could Violating Federal Housing Laws Finally Bring Facebook Down? The feds hound Facebook for ads that allegedly violate the Fair Housing Act.

by

via reason: From Democrats incensed about Russian ad buys to Republicans convinced that the site censors Diamond and Silk, Facebook has been on the receiving end of a lot of hate lately. Yet the issue that could finally bring the hammer down on the social media giant might be its alleged violation of housing regulations. On … Read more

With so many investors short on Tesla, it’s impossible to know whose numbers to trust.

by

HMM: Internal documents reveal the grueling way Tesla hit its 5,000 Model 3 target. Of the 5,000 Model 3s that contributed to Tesla’s end of June manufacturing target, about 4,300 of them required rework, according to internal documents viewed by Business Insider. Within the auto industry, cars that make it through a manufacturing process without requiring … Read more

Gambling on the online casino sector

by

The regulated online gambling industry has delivered significant returns for investors in recent months, but can it continue to hit the jackpot amid new challenges The regulated online gambling industry has delivered significant returns to investors in recent years. There have been several factors driving this, including an increase in wagering activity, new markets opening … Read more

Swiss group Movado to buy MVMT Watches for $100m

by

Who knew a business based on low quality products from aliexpress could be worth so mcuh. Swiss watch manufacturer Movado Group has signed a definitive agreement to acquire MVMT Watches, the owner of global lifestyle brand MVMT, for an initial payment of approximately $100m. Of the total value of the transaction, around $85m net of … Read more

Massive Gap Between Stock Market & Real Estate Prices — The Last Time This Occurred It Was Dot Com Bust

by

massive gap between stock market & real estate prices — the last time this occured it was Dot Com Bust pic.twitter.com/q9fpLQp6qa — Alastair (@StockBoardAsset) August 22, 2018 $TSLA debt structure is horrendous — Snap! Crackle! Pop! = Bankrupt pic.twitter.com/PRq8JZtQRS — Alastair (@StockBoardAsset) August 22, 2018 Global Slowdown: Commodities and China Momentum Indicator #OOTT pic.twitter.com/fz4JK4XSKc — … Read more

More and more hospitals close; No end in sight

by

via chicagobusiness: The next year to 18 months should see an increase in shut downs, with the risks coming following years of mergers and acquisitions. (Bloomberg)—Industry M&A may be no savior as the pace of hospital closures, particularly in hard-to-reach rural areas, seems poised to accelerate. Hospitals have been closing at a rate of about 30 … Read more

Subprime Begins to Haunt Credit Card Balances

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Delinquencies soar past Financial-Crisis peak at the ca. 5,000 smaller US banks, and these are the Good Times. What’s going on? The delinquency rate on credit-card loan balances at commercial banks other than the largest 100 – so at the nearly 5,000 smaller banks in the US – rose to 6.2% … Read more