We are witnessing an information awakening and are in the middle of an information war…. Social media utilities have made the MSM obsolete…

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via GLP: MSM are in panic. They know their days are numbered. More and more people have turned to the internet and social media outlets to educate themselves and are no longer allowing MSM to spoon feed them propaganda. Corporate dollars influence reporting (Monsanto): CIA accesses the media (Operation Mockingbird): Did you know that when … Read more

CLASSY ACTION: Facebook Lawsuits Loom — Tens of BILLIONS on the Line.

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via pjmedia: Facebook stocks plunged precipitously on Thursday after the company’s earnings report showed they missed expectations on revenue and that the social media platform’s monthly users are down significantly. All of this comes in the wake of ongoing scandals, including charges of data misuse and anti-conservative bias. “During a conference call Wednesday, Facebook Chief Financial Officer David … Read more

Hussman: Current S&P Price-to-Revenue of 2.4 Higher Than “Offensively Extreme” 2.2 in 2000

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via John P. Hussman: I’ve often described what I call the Iron Law of Valuation: the higher the price investors pay for a given set of expected future cash flows, the lower the long-term investment returns they should expect. As a result, it’s precisely when past investment returns look most glorious that future investment returns are … Read more

Pension Promises From Wal St Managers

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https://www.youtube.com/watch?v=RbtTqdVwjVc In this episode of the Keiser Report, Max and Stacy discuss how deindustrialization and financialization have destroyed the economic viability of communities across America. The latest study from YahooFinance finds that state pension fund managers have blown over $600 billion of taxpayer funds on overpriced, underperforming hedge fund managers in the past decade alone. … Read more

Get Ready for a Big, Fat, Juicy, Debt-Driven Q2 GDP Growth Number

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by Lance Roberts Tomorrow, the US Department of Commerce will report its advance estimate of 2Q GDP which will be the long-awaited evidence that “Trumponomics” is working. The current estimates for the initial print run the gamut from 3.9% to over 5% annualized growth. Regardless of the actual number, the White House spokesman will be quick to take … Read more

Mish: When Everyone Is Shorting Gold

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by SP Mish posts and ZH picks up his assessment and adds a few charts. From the WSJ: Investors are placing a record number of bets that a protracted slump in gold prices will continue as the metal is punished by a strengthening U.S. dollar and rising interest rates. Hedge Funds are holding overwhelming short positions in … Read more

GM, Fiat Chrysler, and Ford all got ugly in unison, in one day, something we haven’t seen since the Financial Crisis.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Suddenly it gets ugly – but these are still the good times. It’s confession time among the Detroit automakers: GM, Fiat Chrysler, and Ford all got ugly, in unison, in one day, something we haven’t seen since the Financial Crisis. Back at the end of May, GM shares (GM) were trading … Read more

ICE more than tripled work place investigations in 2018; made more than 5 times immigration arrests compared to 2017

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by DCG Good. It’s what the American people want. From Daily Mail: The U.S. Immigration Customs Enforcement agency more than tripled the number of work site investigations it conducted so far in 2018, according to new federal data. Since October 1, 2017 – the beginning of fiscal year 2018 – ICE has opened investigations into 6,093 workplaces, compared to 1,716 in all … Read more

Passive investors! 142 different #ETFs have #Facebook $FB within their top 15 holdings…. FANG stocks are becoming increasing risky to own for the long-term

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#Facebook just lost the equivalent of: The entire #Bitcoin market cap 🥇 Almost the entire NYS 2018 budget (168B) 🗽 More than the entire market cap of #Nike (126B)👟 More than the entire #GDP of Puerto Rico 🇵🇷 (129B) h/t @OccupyWisdom I think there is strong evidence both in present times, and in the past (nifty … Read more