Almost 70% of millennials regret buying their homes.

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https://www.cnbc.com/2018/07/18/most-millennials-regret-buying-home.html Disclaimer: small sample size Article hits some core tenets of personal finance when buying a house. Primarily: 1) Do not tap retirement accounts to buy a house 2) Make sure you account for all costs of home ownership, not just the up front ones 3) And this can be pretty hard, but understand what … Read more

Apparently, you need to make over $300,000 a year to afford a house in San Francisco

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Was trying to do some research to figure out how to afford a house (I live in the Southern Bay Area) and came across this article http://www.businessinsider.com/income-required-to-afford-a-home-in-san-francisco-2018-2 It’s saying you would need about $300,000 a year to afford a house there. I’m assuming it can’t be much lower when you go about an hour south of san … Read more

NYT reporter Stephanie Saul broke into GOP staffer’s apartment

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by Dr. Eowyn The Left are now breaking into people’s apartment. On July 6, 2018, the New York Times‘ editorial board published an editorialcalling on Democrats and progressives to go to war against President Trump by deploying unscrupulous mafia tactics. New York Times business reporter Stephanie Saul heeded the call by breaking into the apartment of a Republican U.S. Senate … Read more

90% of login attempts at online retailers are hackers

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https://qz.com/1329961/hackers-account-f…retailers/ I thought this was eye-opening. I didn’t know things had gotten this bad. Quote:Selling stolen personal data is a big business for hackers: Somewhere on the dark web, your e-mail address and a few passwords are probably for sale (hopefully, old ones). Cyber criminals buy troves of this information to try to login to … Read more

Miller on the Money: Don’t Be Fooled, Current Buybacks Are Terrible Investments

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via milleronthemoney: Oh, what a tangled web we weave when first we practice to deceive! – Walter Scott When I taught in night school my professor insisted I attend a full-day conference on “Effective Teaching Methods”. The speaker list was full of well accredited academics. The morning consisted of 3-4 speakers outlining their intellectual theories. They … Read more

THIS WEEK: The WH intervention to boost stock market has completely failed, Russell 2000 hitting resistance….

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LoL, the WH intervention this week to boost stock market has completely failed. Now we know why Trump admin wanted stocks higher b/c EOW tariff comments Friday Russell 2000 hitting resistance you probably should not look at this chart Interesting… h/t @spiralcal http://spiralcalendar.com $SPX $VIX h/t @StockBoardAsset

China Is Imploding – Yuan breaks key support vs USD… Debt keeps rising… suffers its Biggest bankruptcy Of 2018… The PBOC finally panics!

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In the past 48 hours China has: – Cut its 7-day Treasury rate by 103bps – Launched quasi QE – told banks to flood the system with liquidity – Sent the Yuan tumbling – Warned more easing is coming   China – Industrial production and current account show a completely different picture from the science … Read more

The circular progress of Brexit, the predictable goal of Erdogan, the inevitable rebuttal from Barnier.

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by John Ward After two days r&r in the Gironde, remarkably little seems to have changed. Fine, Parliament is now in “early recess” (real reasons a little murky) and some pairing arrangements went wrong, seemingly ensuring that we’ll still have a customs union with the EU (real reasons very grubby and muddy indeed, several sticks stirring … Read more

Copper And Gold Say A Lot About Chinese And Global Growth

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via Daniel Lacalle Weakness in Copper persists, and it shows the risks to optimistic global growth and inflation expectations. But something else is happening in gold and copper apart from global slowdown and US dollar strength. THE CHINESE BUBBLE One of the ways in which Chinese firms have been trying to raise funds as credit growth slowed down … Read more

The Deep State just went all-in. This Is War.

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Time to catch up on Q, the great awakening and the deep state WAR against our lawfully elected President with anons from Patriot’s Soapbox. John Brennan, James Clapper, Robert Mueller and James Comey are deep state agents rivaled only in their treachery by Hillary Clinton, Barack Obama, John Podesa and Debbie Wasserman Schultz. Brennan and … Read more

Tariffs: US filed lawsuits against allies

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https://www.youtube.com/watch?v=PxTOwGpzpQE The United States filed claims with the World Trade Organization against Canada, Mexico, China, the European Union and Turkey. The lawsuits are meant to challenge retaliatory tariffs against the country. President Trump has repeatedly threatened to remove the US from the WTO. For more on this, RT America’s Holland Cooke discusses with Commissioner Bart … Read more

Jesse Felder: Passive Investing Bubble Driving the Stock Market Bubble…And It Will Get Hammered?

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During this in depth, hour plus long interview, Jason asks Jesse questions about: 1) Why do you think respected money managers with good long term track records like Hugh Hendry and David Einhorn have either had to close down their funds recently or are having record amounts of withdrawals? Is it because they are struggling … Read more

China Taking Action To Cool Housing Prices

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by Adam Taggart Developments are underway in China that should dampen the housing market there: The practice of rectifying market order stems from a special action by seven ministries. On June 28, the Ministry of Housing and Urban-Rural Development and other seven ministries jointly issued a notice, deciding to carry out special actions to control the … Read more