Musk Mystery: no funding.

https://www.bloomberg.com/news/articles/2018-08-08/tesla-take-private-skepticism-grows-after-musk-s-funding-claim Doubts about Elon Musk’s ability to take Tesla Inc. private mounted across Wall Street on Thursday, driving the stock down as much as 4 percent in what’s shaping up to be the worst rout in a month. The stock slipped to $356.66 in late morning trading, well below the $420 at which Musk said shareholders would … Read more

2018 Crypto Returns…

Lots of crushed dreams and bank accounts. Sad story for many. 2018 Crypto Returns… pic.twitter.com/ac6dMu4fRJ — Charlie Bilello (@charliebilello) August 9, 2018 Chart: Many cryptocurrencies are at the lows for the year – pic.twitter.com/P0g00NvCI1 — (((The Daily Shot))) (@SoberLook) August 9, 2018

Housing Is Extremely Overpriced And It’s Now Just Starting Its 2nd Major Collapse

via @OccupyWisdom : 🏠 US #mortgage applications decreased to lowest in 2.5 years 🏠 US mortgage applications for refinancing are at lowest in 17.5 years 🏠 Share of refinancing smallest share since August 2008 🏠 US resales -.06% housing starts -12.3% new homes -5.3% #housingbubble 2.0   Deader Than Dead: as Mortgage Rates Rise, Refinancings Hit 18-Year … Read more

Fmr Education Secretary Admits US Students are Failing Because Education System ‘Runs on Lies’

via thefreethoughtproject: Typically, when Americans hear someone say that the education system in the United States “runs on lies,” they would expect the statement to come from a disgruntled parent or student—but now it is coming from the former Secretary of Education, as he admits that the U.S. lies to families on a daily basis by … Read more

US Senate Intelligence Committee Calls Julian Assange to Testify Over Russian Hacking

via thefreethoughtproject: Washington, D.C. — (RT) The US Senate Intelligence Committee has requested that persecuted WikiLeaks editor Julian Assange testify before committee staff. The committee is investigating alleged Russian interference in the 2016 election. In a letter delivered to Assange at his residence in the Ecuadorian embassy in London, committee chairman Richard Burr (R-North Carolina) requested that Assange … Read more

How many economists does it take to identify 3 massive bubbles shown on a chart that goes back to the 1800’s published on the cover page of the WSJ?

via @MI_Investments: How many economists does it take to identify 3 massive bubbles shown on a chart that goes back to the 1800’s published on the cover page of the WSJ? Are we in a bubble today? What caused the last two recessions? Asset price inflation or CPI? The Fed wrong then as now: Speculative Futures … Read more

Cyclical Heavy-Truck Industry Soars to Cloud 9

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “It’s a bizarre occurrence and it will not be resolved soon.” Orders for Class 8 trucks in July jumped 187% from a year ago to 52,250 units, the highest number of monthly orders ever. These are the heavy trucks that haul a significant part of the goods-based economy across the US. … Read more

Health: Depression linked to reduced arginine levels

https://www.youtube.com/watch?v=asPLOcRSJM0 People suffering from major depressive disorder, MDD, have reduced arginine levels, a new study from the University of Eastern Finland shows. Arginine is an amino acid which the body uses to produce, e.g., nitric oxide. Nitric oxide, in turn, is a nervous system and immune defense mediator, and it also plays a role in … Read more

CNN Panicking: Warns Of ‘Unsettling’ Signs Dems Are Losing Hispanic Voters Up 39% NBC poll To Trump due to unemployment numbers

(Conservative Tribune) – Democrat Party operatives and their liberal media allies are largely counting on election-day turnout from Hispanic and Latino voters in the 2018 midterm elections to help swing control of at least part of Congress back to the left. To that end, they have played up the narrative of President Donald Trump as … Read more