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via Skynews: Tommy Robinson has been freed from prison on bail after winning an appeal against a contempt of court conviction. Judges from the Court of Appeal quashed the finding and original 13-month sentence, made in May, at Leeds Crown Court. The former English Defence League leader, real name Stephen Yaxley-Lennon, was detained then for … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Historic spike in Seattle. Sharp increases in other metros. New York condos fall. Homes prices in the US surged 6.4% in May compared to May a year ago (not seasonally-adjusted), and 1.1% from April, according to the S&P CoreLogic Case-Shiller National Home Price Index, released this morning. The index is now … Read more
I totally forgot to mention it but the “bankers predicting” refers to a report I’ve showed you here for before. It was either a chart from Morgan Stanley or BOAML. They suspect that everything will reverse by the end of 2019. Do you expect that the QT policy of the Fed to negatively impact the … Read more
by David Haggith While glowing presidential proclamations about US GDP growth last week did nothing to prevent the stock market from rushing headlong over the cusps of a FAANG stock ledge, the market is taking a breather today. So, let’s take a breather and go back and look at why that GDP report had no bite. … Read more
by visualcapitalist The interplay between technology and work has always been a hot topic. While technology has typically created more jobs than it has destroyed on a historical basis, this context rarely stops people from believing that things are “different” this time around. In this case, it’s the potential impact of artificial intelligence (AI) that is being hotly … Read more
by howmuch People have been moving away from the countryside and into urban areas for several decades. Many economists believe this trend will only continue, making cities the engines of economic growth for the foreseeable future. But this begs the question: how much does it cost to move to a city, and can you afford it? The … Read more
https://www.youtube.com/watch?v=s70BoJeBcWc Jim Hoft for the Gateway Pundit reports, A recent study by the leftist website VICE News found that Twitter is censoring top pro-Trump lawmakers. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…
by Michael Snyder If the U.S. economy is really doing so well, then why is homelessness rising so rapidly? As the gap between the rich and the poor continues to increase, the middle class is steadily eroding. In fact, I recently gave my readers 15 signs that the middle class in America is being systematically destroyed. More Americans are … Read more
by Thinker President Barack Obama made many promises while campaigning for office in 2008 and 2012, but very seem to actually be top priorities for the commander in chief. From closing the Guantanamo Bay detention facility to increasing government transparency, a wide range of issues the president promised to address have been ignored, with some … Read more
via confoundedinterest: (Bloomberg) — Short-end U.S. rates have been buoyed by a tightening of Federal Reserve policy and an increase in issuance, and the U.S. Treasury on Monday sold $51 billion of three-month bills at 2 percent, the highest rate for an auction of the tenor since June 2008. Three-month bills in the secondary market already cracked 2 percent earlier … Read more
By Bob Shanahan Cover image from Drudge Report We now have less than 100 days left until the November 2018 midterm elections. While the economy hums along at its highest growth rate since 2014 and taxpayers have more money in their pockets, the liberal mainstream media is clinging to the notion that … Read more
by Chris Black Watch liberal heads explode! President Trump has stated the obvious on Tuesday, just as Paul Manafort trial saw its first day in court: Collusion is not a crime. Indeed, that’s what normal people were saying since like, I don’t know, 2016? Even if the alleged Russian collusion (whatever that means) conspiracy theory … Read more
by Thinker New York Times publisher A.G. Sulzberger says he is worried about threats against journalists, even as his publication has all but ignored more than 500 attacks against President Trump and his supporters. After meeting with the president this month, Sulzberger released a five-paragraph statement about the weekend meeting: I told the president directly … Read more
via nzherald.co.nz: Former Prime Minister Sir John Key has warned the global economy is starting to splutter and that in the event of a downturn the parties in power in New Zealand are not the ones to set it right. Sir John, who is now on the board of ANZ and Air New Zealand, made the … Read more
h/t @HayekAndKeynes Twitter down 27% in past 2 trading days, worst two-day decline since it went public in Nov 2013. $TWTR pic.twitter.com/pMLdr2d4xz — Charlie Bilello (@charliebilello) July 31, 2018 Peak Tech? peak-tech-mp4 Bet this number won't make the headlines… but it should!Find it here first.Chartmas 2018.August 1.$TSLA #Chartmas2018 pic.twitter.com/MaDKfj2hhs — TC (@TESLAcharts) July 29, 2018 Cramer … Read more
via MarketWatch: After spending his days teaching AP American history and economics at the public Live Oak High School in San Jose, Calif., Matt Barry drives for Uber. Barry’s wife, Nicole, teaches as well — they each earn $69,000, a combined salary that not long ago was enough to afford a comfortable family life. But … Read more
via moneyweek: It’s very easy to become parochial when it comes to thinking about property markets. We focus on the slowdown in the UK market and we ponder what’s causing it. Could it be new rules on landlords? Could it be the crackdown on overseas investors? Could it be Brexit? But this really is less than … Read more
via Reddit: This is something I noticed right around the time I stopped working for Amazon a few years ago, and now that they’ve tumbled the tiniest bit I feel like sharing a fair warning for anybody paying attention. Amazon is an amazing company with incredible long term growth prospects. Due to antitrust issues, they … Read more
picks yet another bottom in Square with perfectly timed calls June 2016, exercised at $8 Jan 2017. Approx $45k cost basis worth $325k today. h/t @pierpont_morgan
via NYT: WASHINGTON — The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives. Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of … Read more