MSNBC reported some real news yesterday, probably by mistake — Amazon Raking In Billions, Some Employees Relying On Food Stamps

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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

Democrats Are Running On Socialism 2020 Is Going To Be Such A Easy Win For Trump

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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

MICHAEL WALSH: Toronto Discovers the Joys of ‘Diversity.’ Rising violence, increasing fear — so naturally Canadian officials blame guns.

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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 Pelosi face spasm… Hillary wearing ‘Life Alert’ emergency device?

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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

Housing Prices Hit “Breaking Point” Leading To Collapse In Demand

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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

The Buffet Indicator predicts -2.4% p.a. returns over the next 10 years.

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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

This is the most concentrated market since the dotcoms; Financial conditions continue to tighten & market is ignoring.

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David Rosenberg: Strip out the 17% ($4 tln of market cap!) of the market that is Facebook, Microsoft, Apple, Amazon, Netflix and Alphabet, and the market has barely budged this year. This is the most concentrated market since the dotcoms; before that the Nifty Fifty. Heed Rule #7. Strip out the 17% ($4 tln of … Read more

IMF Projects Venezuela Inflation Will Hit 1 Million Percent In 2018 With A Cup Of Coffee Now Costing $1.4 Million Bolivars (Germany’s Weimar Republic Redux)

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via confoundedinterest: Perhaps Venezuelan President Nicolas Maduro wanted to go down in history as having the WORST hyperinflation in history. If that was his goal, he is doing quite well! (Reuters) – Venezuela’s inflation rate is likely to top 1,000,000 percent in 2018, an International Monetary Fund official wrote on Monday, putting it on track to … Read more

“We Didn’t Have A Hearing After Obama Met With Putin While The Hacking Was Taking Place” Trey Gowdy Silences Democrats With Hard Facts

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https://youtu.be/Is3se8JpRr8 Today Trey Gowdy pointed out the obvious only now are the democrats upset about a world leader meeting with Putin , it’s almost as if they didn’t care when Obama did it. Now That President Donald Trump has done it they are wanting hearings. this is trey gowdy news and trey gowdy today this … Read more

HANNITY: It’s Official, Obama’s DOJ ABUSED FISA COURT to Spy on Trump Campaign

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SOURCE: https://www.hannity.com/media-room/hannity-its-official-obamas-doj-abused-fisa-court-to-spy-on-trump-campaign/ Here is the kicker… Obama’s DOJ is STILL the DOJ! We need to clean house. Rod Rosenstein needs to be relieved of his position. Put on leave or demoted to a meaningless position while investigations are conducted that will involve him. He was a signatory on the bogus FISA warrant applications and is now … Read more

Results Are In: How Americans Faced the Equifax Hack where Personal Data of 45% of US Adults Were Stolen

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Now, 10 months later, do they even know about it? Don’t laugh…. Consumer credit bureau Equifax disclosed very belatedly last September that it had been hacked, and that the crown jewels of personal data – including social security numbers – of 145.5 million Americans had been stolen. This is about 45% of the … Read more

Technically Speaking: 7-Deadly Investing Sins

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by Lance Roberts As I noted in this past weekend’s newsletter, I am on a much-needed family vacation this week. However, I would be remiss if I did not relay some of my thoughts in reference to the Monday’s market action as it relates to our current portfolio positioning. As I stated on Saturday: “As … Read more