What Truckers & Railroads Just Said about the US Economy

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter It’s cyclical. The transportation sector is a reflection of the goods-based economy in the US. Demand has been blistering across all modes of transportation. Freight shipment volume (not pricing… we’ll get to pricing in a moment) by truck, rail, air, and barge, according to the Cass Freight Index  jumped 10.6% in July compared … Read more

“Asia Will Be the Next Source of Downside Systemic Risk for Financial Markets”

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Emerging Markets turmoil: The price of cheap debt & misallocation of capital. “Excess liquidity usually leads to the misallocation of capital, masking any balance sheet constrains. As this tide of excess liquidity recedes, it reveals the misallocation of capital and the mispricing of risk,” Nedbank CIB strategists Neels Heyneke and Mehul … Read more

We are knocking on the door of the NEXT great financial meltdown

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"SouthKorea's #KOSPI index, a proxy for world trade growth closed at the lowest level since April 2017," h/t @C_Barraud pic.twitter.com/LnUr1mPfIL — Alastair (@StockBoardAsset) August 16, 2018 https://twitter.com/OccupyWisdom/status/1030179854774427648 I believe we are knocking on the door of the NEXT great financial meltdown, I would appreciate your thoughts pic.twitter.com/vweRjvit27 — Steve, Wise Owl (@Wise_Owl_Trader) August 16, 2018 … Read more

Recapping $TSLA’s past 24 hours:

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https://twitter.com/ValueDissenter/status/1030245677274558465 SEC INVESTIGATING WHETHER MUSK TWEETED ABOUT POTENTIAL DEAL TO HURT SHORT SELLERS SEC WANTS TO KNOW WHAT MUSK SHARED WITH TESLA DIRECTORS ABOUT POTENTIAL DEAL-DOW JONES — zerohedge (@zerohedge) August 16, 2018 Hey @Lebeaucarnews I've got some 'intent' for you…$TSLA #FundingSecured pic.twitter.com/5z8QyHq4Kk — TC (@TESLAcharts) August 16, 2018

Mark Dice: They Won’t Stop

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https://youtu.be/8VoN7R_0H-8 The First Amendment should take precedence over any and all multinational corporations. Corporations should not have the authority to usurp and/or supersede the First Amendment. The FCC is an independent agency of the United States government – to regulate communications agencies. Their parameter, function & loyalties are to the First Amendment. Trump forces FCC … Read more

BLUE WAVE CRASHING: DNC Chief Delivers Address to EMPTY EVENT at Atlanta Mall: 9 people showed up

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DNC Chairman Tom Perez delivered remarks to liberal supporters at an “indoor Latin mall” in Atlanta, Georgia this week, speaking to a nearly empty room as Democrats struggle to connect with American voters just months ahead of the 2018 midterm elections. Perez was speaking at the Plaza Fiesta shopping center Wednesday when he slammed President … Read more

Larry Kudlow to Trump Cabinet: China’s ‘Terrible’ Economy ‘Heading South’

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White House economic adviser Larry Kudlow told President Donald Trump and Cabinet members in a White House meeting on Thursday that China’s most recent economic numbers show a southward turn. Trump asked Kudlow in the Cabinet meeting how the U.S. economy was doing compared to China’s economy. “The latest batch of numbers from China,” Kudlow … Read more

Tencent’s Slide Drags Down U.S. Chipmaker Stocks

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China regulators delay approval of video game licenses  Micron, Nvidia tumble as all 30 stocks in Philly index slump via Lily Katz China’s freeze on approving new video and streaming games is icing American chipmaker stocks. All 30 members of the Philadelphia Semiconductor Index fell at least 0.5 percent Wednesday, with Micron Technology Inc. plunging more … Read more

Turkey Has Sold-Off Half Of Its Physical Gold Holdings This Year To Defend The Lira

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David McAlvany and Kevin Orrick on the McAlvany Weekly Commentary Talking Turkey: “This will be the single largest default in financial history” Capital controls are like Hotel California… You can’t leave. Will Turkey, Iran, Russia, Germany abandon the West & turn to China? Gold: Massive “Short” paper market now needs to be covered. Thanks for listening to … Read more

NVDA falls after earnings for the first time in nearly 2 years

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Nvidia stock fell by 6 percent on Thursday after the company reported better-than-expected earnings and lower-than-expected revenue guidance. Here are the major numbers: Earnings: $1.76 per share, excluding certain items, vs. $1.66 per share as expected by analysts, according to Thomson Reuters. Revenue: $3.12 billion, vs. $3.10 billion as expected by analysts, according to Thomson Reuters. Overall, Nvidia’s … Read more

The Cresting Wave: “Housing Tipping Back to a Buyer’s Market”… Just Like 2008: FBI Investigating Multi-Billion-Dollar Mortgage Fraud Case

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via CNBC: Approximately 14 percent of all listings in June had undergone a price cut, that’s up from a recent low of 11.7 percent at the end of 2016, according to a new report from Zillow. Home price growth is slowing in nearly half of the 35 largest U.S. metropolitan markets. In San Diego, 20 … Read more

Are Interest Rates Peaking? Watch The Copper/Gold Ratio!

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by Chris Kimble If you spend time researching market relationships you can better understand money flows, rotation, and reasons why money flows rotate. This can be very helpful in identifying trend changes as well. Today, we’ll look at the relationship between 10 Year US Treasury Bond Yield (INDEXCBOE: TNX) and the ratio of Copper (NYSEARCA: JJC) to Gold (NYSEARCA: GLD). Interest Rates … Read more

Slow Down – Lessons Unlearned

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by Jesse “There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” Søren Kierkegaard “Narcissists are unstable and go through repeated cycles of self-destruction, with other people usually paying the heft of the price.   Narcissists tend to be divisive, vindictive, confrontational, … Read more