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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
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
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
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
by Thinker Men and women who didn’t think about unity, but division. Men and women who would rather lie than to bring a nation and the world to peace. Men and women who now can’t remember the lies that have been told for decades that are now exploding like a volcano, washing over the land … Read more
by DCG No more free food for you! Sponsors of the law: Safai (l) and Peskin (r) San Francisco’s rents are so outrageous that many workers cannot afford an apartment much less a home. Companies providing free/reduced cost meals are no doubt a much-needed benefit due to the cost of living in San Francisco. Lunch at … Read more
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
NYT: https://preview.tinyurl.com/yal3xs9c Zuck’d: https://web.archive.org/web/20180726121640/https://www.recode.net/2018/7/26/17614966/facebook-q2-earnings-2018-recap-revenue-user-growth
Am I missing something? Perhaps it’s a mix of personal paranoia (was looking to buy a house) and media hysteria, but this looks pretty bad. Dodd-Frank Act has already been partially rolled back, with plans to roll it back further. Many of the problems that caused the 2008 crash also appear to have not been … Read more
#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
https://www.youtube.com/watch?v=nY_pf8AtpDE Emily Zanotti for the Daily Wire reports, It turns out, even Rep. Maxine Waters’ activism in the name of anti-Trump resistance, has its limits. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/33446/…
https://www.youtube.com/watch?v=FP6M8NZZmuk Jim Hoft for the Gateway Pundit reports, Thanks to President Trump’s tax cuts and reforms 90% of American wage earners have a higher take-home pay this year. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…
by Thinker Mueller & Holder Shut Down FBI Investigation of Stolen U.S. Stealth Defense Technology Implicating Lockheed Martin, While Comey Was Lockheed’s Top Lawyer. For nearly four years the FBI investigated the international theft of STEALTH defense technology from a small Florida marine company that invented an ingenious way to help protect Navy ships and … Read more
Authored by Irina Slav via Oilprice.com, Oil could be back to US$45 a barrel within 12 months, Citigroup’s commodities chief Ed Morse said in an interview with the Financial Post, noting that the bullish case for crude is based on a faulty analysis. The top oil forecaster who warned about the 2014 price collapse and also accurately … Read more
https://www.youtube.com/watch?v=oKXqNMBQf_k Only 48%?
https://youtu.be/SEHleJFFgvk More Dangerous Than Putin. Gutfeld: Trump is succeeding and it’s the media’s nightmare
Doing their best to make the US look like the Bolivarian Republic of Venezuela… “Sanctuary City” Despots Attack America…ICE Strikes Back…! Mongrel-Theist Despots release hordes of Criminals onto American Streets… 78 Percent with prior criminal convictions… ICE Strikes Back with RAIDS… These Despots unleash horrific Border Jumping Criminals onto American Society… “Of those arrested, 16 … Read more
by Martin Armstrong An Ottawa man, David Saikaley, acting as executor of a will obtained a bank draft for $500,000 and mailed it to family members in the United States to settle an estate. Bank checks are regarded as “cash” and the money was seized by customs. Almost a year later, the money is still stuck at the border. … Read more
Big drop in sales prices right as the last few #InterestRate hikes materialized in #mortgage rates got above 4.5% #Housing was a bubble in search of a pin…. First domino h/t @OccupyWisdom
(concept via @RayDalio chart via @jessefelder) 1. #Debt Limits Reached at Bubble Top, Causing the #Economy and Markets to Peak (1929 & 2007) 2. #InterestRates go to zero amid #Depression (1932 & 2008) 3. #Money Printing Starts, Kicking off a Beautiful Deleveraging (1933 & 2009) 4. The #StockMarket and “Risky Assets” Rally (1933-1936 & 2009-2017) … Read more