Number of 401(k) millionaires hits record

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A record number of investors became 401(k) millionaires this spring. At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments had at least $1 million in their accounts, a rise of 50,000 people from a year earlier when there were 118,000, according to a new study by Fidelity, one of the nation’s … Read more

Half Americans don’t want self-driving car

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Watch the latest video at foxbusiness.com Fewer Americans are embracing self-driving car technology following high-profile incidents involving Uber and Tesla vehicles, according to a new study from Cox Automotive. Consumers’ interest in automatic braking and other autonomous features is high, but drivers view self-driving cars as less safe compared to a similar survey conducted two … Read more

Ego drives the media to overplay its hand, every time, for the same reason the scorpion stings the frog.

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ANDREW MALCOLM: A Journalist Reflects On His Profession’s Anti-Trump Collusion. Had those elites of both parties paid genuine attention to flyover country’s concerns, frustrations and fears, as silly and stupid as they seem to disconnected Beltway know-it-all’s, they would not be in today’s baffling, powerless position. There would have been no need for a Trump. And … Read more

California’s largest fire ever — keeps growing… Smoky air blankets region

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California’s largest fire ever keeps growing as winds fan flames The largest fire in California history continued to grow Thursday while firefighters worked to protect threatened communities. Crews are on especially high alert this week after a firefighter who traveled from Draper City, Utah, to help battle the blaze died Monday while working on an active stretch. “We … Read more

MASSIVE JUMP: Rasmussen Reports: “Today’s @realDonaldTrump approval ratings among black voters: 36% – This day last year: 19%”

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Rasmussen Reports Verified account @Rasmussen_Poll Today’s @realDonaldTrump approval ratings among black voters: 36% This day last year: 19% Today’s @realDonaldTrump approval ratings among black voters: 36% This day last year: 19% https://t.co/mazBCWoIMy @POTUS @realDonaldTrump pic.twitter.com/uIqYxoBn6w — Rasmussen Reports (@Rasmussen_Poll) August 15, 2018 “If it holds for 2020, it could be devastating for Democrats.” “Approval of … Read more

HMM: How Bruce Ohr Could Implicate High-Ranking Obama Officials In Spygate.

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How Bruce Ohr Could Implicate High-Ranking Obama Officials In Spygate. We don’t know what Yates knew about Ohr’s role. When Yates testified before Congress in May 2017 about the Russia investigation, Ohr’s involvement was still secret, leading the Senate Judiciary Committee to focus instead on her role in instigating the firing of Trump’s former national … Read more

RECOVERY SUMMER, THE UN-IRONIC EDITION

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Retail Sales and Manufacturing Are Powering U.S. Growth This Summer. Retail sales—a measure of spending at U.S. stores, websites and restaurants—rose a seasonally adjusted 0.5% in July from the prior month, the Commerce Department said Wednesday. That was well ahead of economists’ forecasts for a 0.1% increase. Compared with a year earlier, they grew 6.4% … Read more

Obama, Clinton, Clapper, Brennan, Lynch, Comey, McCabe, The Washington Post, The New York Times, CNN — they want you to forget this sorry history.

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TANK LIVE FIRE IN GEORGIA: The country, not the state. RELATED: Ten years ago Putin launched a tsar-war against Georgia. Two columns I wrote at the time provide historical background, there first dated August 13, 2008 and the second dated August 26, 2008. From the second column: Personalizing Russia 2008 as Vladimir Putin strikes me as a stretch. Putin … Read more

“Trump Makes Promises And Keeps Them…Trump Promised To Throw Hillary In Jail And He Will”

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Liz Crokin interviewed by Sean on SGTreport Investigative journalist Liz Crokin joins me to discuss the latest breaking news including the accusation that Bill Clinton raped a young boy who is now 26-years old, and the investigator who broke the story is now dead. Liz firmly believes that all of the pieces of the puzzle are falling into place … Read more

Are Emerging Markets Toast?

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by John Coumarianos Domestic stocks outperformed international stocks for a long time. On a year-to-date basis, the S&P 500 Index was up more than 6% through July, while the MSCI EAFE Index was down slightly and the MSCI EM Index was down more than 4%. The international stock returns are after translation to the dollar, … Read more

Trump Is Right They Are Losing Their Minds, Tucker Carlson Defends Our Free Speech

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https://www.youtube.com/watch?v=g-n8nQ40agg Our fight is NOT about bigotry or party against party. It’s about Patriots fighting against globalism. Trump represents, along with 60 mil americans the rule of law & the constitution which is what the globalists want to destroy. They are using bigotry & racism as a crutch only based on pushing for open boarders … Read more

Amazon getting into the movie theatre business now.

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Bloomberg News is reporting Amazon is looking at buying Landmark Theatres. Citing people familiar with the situation, the media outlet says the movie chain’s owners are working with investment bank Stephens and talking to “other suitors.” It says no decisions have been made and the discussions may not lead to a deal. Landmark Theatres was … Read more

Jim Chanos: 7 Ways Of Shorting China’s Real Estate Bubble

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via businessinsider: 1. Shorting commodity companies that directly benefit from Chinese demand: BHP Billiton has been thriving on China’s iron ore demand over past few years. Around half of Brazil’s and Australia’s iro ore production have been shipped to China during the past year. Rio Tinto (RIO), Vale (VALE), Peabody Energy (BTU), Freeport-McMoran (FCX), Souther Copper Corp … Read more

Elizabeth Warren introduce bill that would require corporations to answer to employees and other stakeholders as well.

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by andthenisawtheblood In an Op-Ed from the Wall Street Journal (full text here, may have to open in Incognito), Warren argues: As recently as 1981, the Business Roundtable—which represents large U.S. companies—stated that corporations “have a responsibility, first of all, to make available to the public quality goods and services at fair prices, thereby earning a … Read more

The energy sector is starting to price in a global slowdown; Once that default occurs…watch out Europe watch out globe

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The energy sector is starting to price in a global slowdown#OOTT pic.twitter.com/2t3oWGO2PO — Daniel Lacalle (@dlacalle_IA) August 16, 2018 The Emerging Market Sudden Stop: 1. Build massive fiscal and trade domestic imbalances because “we have margin”2. Mirage fades. Capital flights.3. Reserves deplete4. Central bank implements capital controls and sells US$. Reserves collapse5. Implosion6. Repeat We … Read more

The gap between implied FX vol for EM (surging) and G7 (still subdued) is extreme, only observed a couple other instances in the last 18yrs

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“How stressed are emerging mkts vs developed mkts? The gap between implied FX vol for EM (surging) and G7 (still subdued) is extreme, only observed a couple other instances in the last 18yrs; How will it correct? Probably some combo of lower EM & higher G7 FX vol,” @rich_fran h/t @StockBoardAsset  Turkey had $78b in FX … Read more