Melted asphalt, shoes for dogs: Europe wilts in heat… Lisbon breaks max temp record: 111.2°… Portugal battles wildfire, power outage

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Melted asphalt, shoes for dogs: Europe wilts in heat MADRID (AFP) –  Europe sweltered Saturday in intense heat with temperatures due to hit near-record highs of 46 degrees Celsius (115 degrees Fahrenheit) in Portugal, while elsewhere high temperatures melted the asphalt or saw police dogs fitted with shoes. Here is a roundup: – Portugal: peak heat … Read more

5 Pitfalls New Cryptocurrency Traders and Investors Must Learn to Avoid

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The cryptocurrency industry offers a world of exiting opportunities because it promises exponential levels of profitability that traditional assets such as stocks can’t match. However, the cryptocurrency industry is not one large bed of roses—you’ll be bedeviled by gut-wrenching volatility at every turn and the volatility can help or hurt you depending on your position … Read more

How to Invest in People’s Sins

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Image: Pixabay.com Playing the stock market game can be a very risky venture if you don’t necessarily know where to begin. For these situations, it might be best to play it safe and go for investments you know are rock solid, even if the payout might not necessarily be all that much. However, there is … Read more

CULTURE OF CORRUPTION: The Obamas are worth 30 times more than when they entered the White House in 2008.

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The Obamas are worth 30 times more than when they entered the White House in 2008. Barack Obama’s net worth is currently estimated to be $40 million. Aside from the six-figure pension he receives as former president, Obama has made millions from speaking engagements and his bestselling books.   Yet another argument for my revolving-door surtax. BUT ALL THE BEST … Read more

Berkshire Hathaway (BRKB) with strong results in Q2

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by skuggic Strong results from Berkshire Hathaway last quarter: https://www.reuters.com/article/us-berkshire-results/berkshire-profit-surges-as-insurance-other-businesses-gain-idUSKBN1KP0E7 They increased operating earnings by 67% as all of their business segments grew year-over-year, although part of this was caused by Q2 last year being particularly bad due to underwriting losses from hurricanes. They are now sitting on a massive war chest of 111 billion … Read more

3 episodes of China capital flight:

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(i) the 2012 anti-corruption crack-down; (ii) the 2014 unwind of short $/CNY carry trades; (iii) “true” capital flight after the Aug. 11, 2015 step deval. The sheer size of the recent depreciation says to me that capital flight is likely back. https://twitter.com/RobinBrooksIIF/status/1025496493250289665

@KennedyNation on universal basic income: “This dangerous trend of endless handouts cannot continue if this country plans on existing in 50 years. We already spend too much.”

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.@KennedyNation on universal basic income: "This dangerous trend of endless handouts cannot continue if this country plans on existing in 50 years. We already spend too much." pic.twitter.com/T9sqyVQRma — FOX Business (@FoxBusiness) August 4, 2018 Universal Basic Income is not universal, basic or income. It is a subterfuge to create a zombie dependent subclass.#BasicIncome #UBI … Read more

By many metrics, no American generation since WWII has had a more distressed start to their professional years than millennials.

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via 13D Research: In an article on America’s declining birthrate (WILTW July 19, 2018), we cited an unnerving finding from a recent Federal Reserve Bank of St. Louis study: “the average net worth of a family headed by someone born in the 1980s — the bulk of millennials — remains 34% below what past trends would predict for their age group — the worst … Read more

Equity buying exhaustion and Bond selling exhaustion?

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How interesting is this: SPX https://twitter.com/mcm_ct/status/1025669671494803456 Stocks and QE https://twitter.com/Silver_Watchdog/status/1025621518431047680 00 07 18 This is a very compelling chart of bond pattern allocation that shows clear patterns that expressed change of sentiment at each previous highs https://twitter.com/mcm_ct/status/1025560666550292480

Online Secret Police Acknowledged At Senate Hearning

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https://www.youtube.com/watch?v=bwNOtMqo274 Recently, The Senate Intelligence Committee held a hearing on the use of social media misinformation campaigns by foreign actors. While the Senators did address the Russian internet troll farms known as Internet Research Agency. There was a gaping hole in their hearing when it comes to the troll farms being utilized in other countries … Read more

Customers are waiting for around 6 weeks to get title from $TSLA.

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This is shady as f**k. Customers are waiting for around 6 weeks to get title from $TSLA. Is Tesla using these cars for ABL loans in the interim as they still have the title? https://forums.tesla.com/forum/forums/still-waiting-title-common-colorado … https://forums.tesla.com/forum/forums/still-waiting-title-common-colorado … https://twitter.com/EnronCapital/status/1025780225278390274

Vegans Vs Omnivores

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by TechGuy Vegan’s don’t stastically live longer than omnivores. Most of the differences attributed to vegan’s living longer are attributed to better lifestyles: Don’t smoke, drink much less, not obese, etc. http://theconversation.com/do-vegetarians-live-longer-probably-but-not-b… “We followed a total of 267,180 men and women over an average of six years. During the follow-up period, 16,836 participants died. When we compared … Read more

ALERT: Leading indicators breaking support

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by Kimble Charting CLICK ON CHART TO ENLARGE Over the last 30-months, Lumber and Homebuilders have been much stronger than the S&P 500. Both were upside leaders as Homebuilders gained 50% more than the S&P and Lumber doubled S&P gains since 1/1/16 Not only did they outperform the broad market to the upside, they actually were leading indicators of good things to … Read more

Have Rising Gas Prices & Uber’s Serial Fiascos Impacted the Desire to Become an Uber Driver?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But there’s a bottom for everything. Uber drivers are on the hook for their own social security and Medicare taxes, plus the costs of the vehicle, vehicle maintenance, insurance, and fuel. Gasoline prices have surged since mid-2016. Uber has no fuel surcharge, and the drivers eat the additional costs. Has this … Read more

UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse

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Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble.  By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Countrywide, the UK’s largest real-estate services group with over 10,000 employees in 900 locations, saw its shares plunge over 60% on Thursday after the company asked investors to … Read more

How They Stole Your Future 100 Years Ago

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We always should have know that war was a big con. The Lusitania was sunk on May 7, 1915. The U.S. declared war on April 6, 1917. So some 23 months after the event the U.S. gov’t decided it was a sufficient provocation to enter the war. What transparent bullshit. Oh, and if you were … Read more

Apple Option Play: Oct 19 ’18 160 Put

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by stockboardasset After Apple delivered strong earnings, the stock advanced +9 percent to the 208-handle. I made the move to acquire heavily discounted AAPL October 19 ’18 Puts with a cost basis of .33. The chart below shows resistance at 207.79 (2.618-extension measured from 2015 high and 2016 low). As of late July, S&P 500 companies had … Read more