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via MANSION ENGINEER Tesla and its impresario Elon Musk are in the news this week. One aspect of his hype machine, the ballyhooed solar roof tiles, looked suspect to most of us who follow solar developments when it was introduced. Like many of his supposedly visionary ideas, there was nothing new about it and others who … Read more
In your opinion, what do you think insiders are up to with their selling? The stock market have seen record amounts of insider selling. What do they know that we don’t? Is it possible that they are now taking profits and would prefer to place their money into other assets considering how high the prices … Read more
by John Ward When the pension liabilities alone of the British governance élites are three times what the People produce in GDP, it is potty to talk about this or that economic direction, social policy, or Stay versus Leave vis a vis the EU. When those same people are fiscally incontinent and commercially incompetent, they cannot … Read more
Billionaire Peter Schiff, investigates the CPI tool, the government reports to show inflation. It is comprised of several consumer goods and he compares his findings to the governments and his results show staggeringly higher inflation. He comes to the conclusion that they are creating the illusion of a great economy to keep investors h/t EmployerOfTheMonth
DOJ official Bruce Ohr will come before Congress on August 28 to answer why he had 60+ contacts with dossier author, Chris Steele, as far back as January 2016. He owes the American public the full truth. — Mark Meadows (@MarkMeadows) August 10, 2018 RepMarkMeadows DOJ official Bruce Ohr will come before Congress on August … Read more
BY SRSROCCO The massive debt accumulated by the U.S. Shale Industry is now decimating company profits. As company debts and interest rates rise, these shale producers interest expense also continues to increase. Debt service is not only cutting into company profits, but it also takes a great deal of oil and gas production to cover … Read more
By Richard M. Ebeling via the Future of Freedom Foundation: In case you have missed them since the early years of the Obama administration, the $1 trillion-a-year federal budget deficits are coming back, beginning with Uncle Sam’s new fiscal year for 2019, which starts on October 1, 2018. And they might not be going away anytime … Read more
From Bill Harby at the BBC: As of today, I’m an official citizen of two nations. One is the US, which has 325 million citizens and an area of almost 10 million sq km. The other is Asgardia, which has some 246,000 citizens, but physically exists for now only in the form of a 6lb (2.7kg) … Read more
Days after the purge of Alex Jones from social media, Big Tech seems to have found another suitable target for apparent censorship. Facebook suspended the page of a prominent leftist news site writing about Venezuela. Venezuelanalysis.com, a left-leaning news site that writes from a pro-Bolivarian revolution stance, has been around since 2003. Critics, including the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Two often-cited suspects are axed. So where’s the “secured” funding supposed to come from? The whole scheme kicked off when Tesla CEO Elon Musk tweeted during trading hours that he was “considering” taking Tesla private, “Funding secured,” which caused the already ludicrously overvalued shares to spike. Later he added, “Investor support is confirmed.” But … Read more
https://www.youtube.com/watch?v=0-JvbSTNTyE Stuff like this reminds me why I love capitalism. JW
via marketwatch: Redfin stock dives after top exec says sudden downfall is expected to continue in August and September The housing market hit a sudden and “significant” slowdown in the past few weeks that could continue in coming months, Redfin Corp.’s chief executive said Thursday afternoon. The real-estate brokerage and website company announced second-quarter earnings Thursday afternoon … Read more
via fs All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Emerging market risks accelerated with an inversion in the corporate yield curve along with the unwind in quantitative easing, which projected emerging market … Read more
via Steve Miller he Turkish Lira dropped 18% in relation to the US dollar on Friday morning, as tensions rose between the Turkish and American governments. Turkish President Erdogan gave a defiant speech at a rally, encouraging his people to sell dollar-denominated foreign exchange reserves. In response, President Trump declared, “I have just authorized a doubling … Read more
https://www.youtube.com/watch?v=9T4Ihl-SaaU Paul Bios for the Daily Wire reports, It appears that Democrats suffered a loss in Ohio on Tuesday night, with GOP candidate Troy Balderson edging out a victory over his opponent Danny O’Connor in the state’s 12th congressional district. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/34225/…
by visualcapitalist Throughout most of America, owning a $1 million home gives you definite bragging rights – it means you may have six bedrooms, 5,000 square feet, an infinity pool, and at least a few acres of property. But along the coasts – and particularly in California – the two comma club has lost most of … Read more
by stockboardasset Bump and run Bearish volume pattern Flag Rising wedge and volume
https://twitter.com/OccupyWisdom/status/1028095293299073024 Is Turkey in 2018 similar to Thailand in 1997? Thailand’s external debt was $109 bn (65% of GDP), triggered by a currency crisis and sudden loss of investor confidence. This hit the entire EM complex and found its way to the US. Turkey’s external debt is $450 bn, or 56% of GDP — David … Read more
Global Debt Topped $247 Trillion in the First Quarter, IIF Says Global debt rose to a record $247 trillion in the first quarter, more than $29 trillion higher than the end of 2016, according to an analysis by the Institute of International Finance. The debt-to-GDP ratio rose for the first time since the third quarter … Read more
by JayFig_The_Trader 3 days ago I asked readers here if they thought Volatility would rise within the next week. A lot of traders are confused about the difference between the VIX Index and VIX futures. There are no ETF’S on the VIX Index itself. The only way you can trade the VIX Index is through … Read more