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BY PATRICK WATSON Americans may be bitterly divided on everything else, but we all agree on one thing: We love our dogs. Our cats, too, plus a few other companion species. We’ve made them part of the family. I think this is good. My pets give back far more than I deserve. But even if … Read more
via stockboardasset: Mexico’s next president Andrés Manuel López Obrador, a former Mexico City mayor and outspoken critic of the political establishment — has a significant uphill battle once he is inaugurated as President on December 01: deadly violence in the country is intensifying and has hit an all-time high. Mexico posted its highest homicides on record, with … Read more
BY JARED DILLIAN Most people want more money. More money is better than less money, right? That is the conventional wisdom. But there are lots of people who really aren’t interested in more money, unless perhaps you just gave it to them unconditionally. What do I mean by that? I mean that most people want more money, but … Read more
#JAPAN JUN PRELIMINARY PMI MANUFACTURING: 53.1 V 52.8 PRIOR *Export orders index declines for first time since Aug 2016 in a warning sign about overseas demand❗ *Link: https://bit.ly/2K6u9K0 COPPER: down -17.5% in 2018, the Chinese have not been able to centrally plan this market price higher = Bearish TREND @Hedgeye #reiterated Emerging currencies weakness persists. … Read more
1/Americans get addicted to #consumption 2/#Manufacturing goes overseas for cheap #labor/trade deals 3/The US imports cheap goods in exchange for #dollars (creates deficit) 4/Foreign countries take excess dollars & buy US #debt (#treasuries) 5/Debt demand suppresses #interestrates 6/Low interest rates encourage more consumption 7/Stagnant #wages/consumption based jobs encourage more debt 8/Foreign countries end up … Read more
The disaster we are facing began long ago. As #interestrates have been repressed, it has completely discouraged savings, while simultaneously sending consumer #debt levels & asset bubbles to the moon. This is why 85% of Americans have less than $10,000 and 70% less than $1k h/t @OccupyWisdom
@claireeboston $TSLA 5 year cds blowing out at 658 basis points. This isn’t a list you want to be on: Just don’t look at Q2! $TSLA
Pavel Kohout: Daniel Lacalle: The Federal Reserve balance sheet expansion created a massive financial asset bull market. Now, market participants need to adjust their expectations. So far we have only seen a minuscule balance sheet reduction… and investor mindset has not changed Chart by @amital13 S&P500: 26% conpanies reported 87% Beat on EPS 72% in … Read more
The info is coming from a CNBC article, which can be sensational in their headlines, but there is some real concrete data revealed that make me wonder if this is real, what the reasons are for this, and if this is part of a forming trend? “In the past, California, one of the largest housing … Read more
GM beats Street on top and bottom line, cuts full year earnings forecast from CNBC. General Motors shares tumbled Wednesday after the largest U.S. automaker cut its profit outlook for the year, citing higher costs for raw materials and unfavorable foreign exchange rates in South America. Steel and and aluminum prices have been on the rise … Read more
Every now and again, MSNBC reports some real news about actual issues, it happens rarely, but when it does, it is sweet. So when I saw this story on YouTube yesterday about Amazon raking in billions, while many of its employees rely on federal assistance like SNAP so they don’t go hungry, I was surprised … Read more
NOW THAT’S REAL SOCIALISM: Venezuela Inflation Could Reach One Million Percent by Year’s End. Everyone knows you never go Full Zimbabwe. Plus, this friendly reminder that the only thing socialist states never run short of is zeros. GOOD ADVICE: Don’t Underestimate the Socialist Surge on the Left. National Democrats are terrified of the rise of Ocasio-Cortez, and … Read more
via pjmedia: Least surprising news story of the decade: Rattled by string of violent attacks, Toronto wonders if city is unraveling As residents grapple with the latest attack to hit the city in recent months, some are asking whether it was becoming less safe Detectives in Canada are still seeking a motive for a mass shooting which left three … Read more
VIDEO: Saying ‘Constitution’ triggers Nancy Pelosi face spasm The Constitution is like a noxious fart to some liberals. The House Minority Leader suffered a face spasm as she attempted to say the word. Watch: MYSTERY: Was Hillary wearing ‘Life Alert’ emergency device during NYC appearance? She’s fallen before and she’s needed help getting up. Maybe … Read more
San Francisco = Tech elite, surrounded by crime, degeneracy, and drugged up crazy homelessness people defecating in the street. AP
The Trump administration has unveiled plans to offer billions of dollars in aid for farmers hurt by the escalating trade war. US farmers have been hit by retaliatory tariffs on goods like soybeans, pork, and beef. “President Trump has promised since day one that he had the back of every farmer and rancher,” Secretary of … Read more
Authored by Mike Shedlock via MishTalk, “The affordability crisis may have reached a breaking point in Portland, San Jose, and Seattle,” said Redfin CEO Buyer Fatigue Redfin notes June Home Prices Rose 5.7% Year Over Year; Smallest Increase Since December 2016. The key point is buyer fatigue. “The affordability crisis may have reached a breaking point … Read more
Well worth the 30 minutes. The #Pedogate arrests are ramping up and reaching all the way to some elite names now. Today, Clare Bronfman the heir to the Seagram’s liquor fortune was arrested for what is likely to be revealed as her role in the NXIVM human trafficking operation. Meanwhile, a small time Hollywood actor … Read more
Excellent book that everyone should read! FREE .pdf download at her website and link here: http://deliberatedumbingdown.com/ddd/deliberate-dumbing-down/ h/t JohnathanM
Thoughts? What’s your short-medium term strategy in this long-term context? https://www.gurufocus.com/stock-market-valuations.php As of 2018-07-25 (updates daily): The Stock Market is Significantly Overvalued. Based on historical ratio of total market cap over GDP (currently at 146.7%), it is likely to return -2.4% a year from this level of valuation, including dividends. AC