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via metro.co.uk: Don’t tell the Hatton Garden gang: scientists just unearthed an eye-watering hoard of diamonds, so valuable it would completely destroy the world’s economy. The scientists reckon there’s a quadrillion tonnes of diamond buried in the ‘cratonic roots’ in continents. There’s just one, tiny, catch: the treasure trove is buried 100 miles down, deeper than … Read more
Deputy Attorney General Rod Rosenstein was summoned to the @WhiteHouse this morning, reports @NBCNews. Deputy Attorney General Rod Rosenstein was summoned to the @WhiteHouse this morning, reports @NBCNews. — Steve Herman (@W7VOA) July 17, 2018 UPDATE— #BREAKING @PressSec says President #Trump will speak to reporters at 2:00 about his meeting with Re: Breaking—Rosenstein Summoned to … Read more
by stock_throwaway_123 Throwaway account since I’m giving actual dollar values here. I do data-driven short-term trading via a homegrown system, and I got burned by brokerage behavior I hadn’t known was possible. So, last month my system told me to short INNT from to June 18th to July 16th. I opened a short position on … Read more
http://www.ca5.uscourts.gov/opinions/pub/17/17-20364-CV0.pdf
S&P 500 dividend yield less 3-month T-bill yield – 3-Month Treasury Bill yield closes above 2% for the first time since June 2008. 10-year high.
“Eurodollar curve inverted e.g. in 2020 (Dec20 vs Dec!9). Since the start of the Greenspan era in 1987 this has either preceded a US recession, a pause in the Fed’s hiking pace, or both,” h/t @enlundm https://ndea.mk/2NiABOW People want to know what’s going on with the yield curve! Curve flattening is being googled the most … Read more
by Ian Shilling The Full Press Conference https://www.pscp.tv/w/1BRJjeoqEYBGw?t=1h19m53s Click on the date (July 16,2018) on each tweet below to view the short extracted video clip for that tweet. Trump declared: As of today the Cold War is over. So far it is just words & we shall have to see what happens, but the words from … Read more
by Adam Taggart Shutterstock Our good friend John Rubino over at DollarCollapse.com just released an analysis titled US Housing Bubble Enters Stage Two: Suddenly Motivated Sellers. He reminds us that housing bubbles follow a predictable progression: Stage One: Mania — Prices rise at an accelerating rate as factors like excess central bank liquidity/loose credit/hot foreign money drive … Read more
by Simon Black It was only a few day ago that Netflix was riding high. The streaming company had been nominated for a whopping 112 Emmy awards, more than any other network. And they’d further managed to unseat HBO’s 17-year reign as the undisputed king of Emmy nominations. That’s all fine and good. Netflix certainly has … Read more
In the 1980-1990s velocity was healthy and debt was manageable. In the mid 1990s velocity began its long collapse as government debt took over, accelerating after 2008. Concept request via @MI_Investments
Ocasio-Cortez Credits Prosperity Under Capitalism to ‘Course of Human Evolution.’ She granted that capitalism was temporarily the “most efficient and best” system, but that it must change “as we evolve.” “We’re starting to see that the people who create value in society are not experiencing any portion of the value that they are creating. So … Read more
A large, longitudinal, randomized, controlled study recently found that Tennessee’s pre-kindergarten program for low-income children had modestly NEGATIVE effects on academic achievement once the children were in the third grade. The program participants also had more disciplinary problems than non-participants, most of whom had stayed at home that year rather than participating in some other program. … Read more
This time from Minnesota: Following the minimum wage increases limited service restaurant employment fell by 4% in Minnesota relative to Wisconsin. Further, youth employment fell by 9% in Minnesota following the minimum wage increases, while it increased by 10.6% in Wisconsin over the same time period. Oh, and restaurant food prices started increasing after they’d … Read more
via realclearpolitics: Yep. People can’t just make a legit criticism and stop. They have to “bury it in crazy” talking about Trump being a Russian agent and assorted other BS. You saw some of this crazy on the right under Obama, but it got a lot less media support and amplification for obvious reasons. UPDATE: Also evergreen: h/t … Read more
via pjmedia: A new poll may sound the death knell for three leading Democrats eyeing the 2020 presidential election. While many Democrats are eyeing the chance to face President Donald Trump in two years, some old contenders have made their presence known. Sen. Bernie Sanders (I-Vt.) has railed against Disney, former Secretary of State Hillary Clinton seems incapable … Read more
by howmuch Spending money on research and development is a funny thing. It’s hard to tell what’s going to be a success, and sometimes the results aren’t valuable for decades. For example, Uber is investing heavily in driverless cars with the explicit goal of revolutionizing transportation. Even if the results aren’t always successful we’re convinced R&D investments are a … Read more
While regulators have been slow to update the rules governing marijuana, investors have been caught up by reefer madness as money has continued to flow into the $14.5 billion market. This growth has also attracted a number of disruptors including the marijuana tech company MJ Freeway. The company brings big data to big pot … Read more
by EquityTom Source CNBC AMD’s new chips will boost the company’s profit margin in its third quarter, according to Stifel. The firm raised its price target for AMD’s stock to $21 from $17 and reiterated its buy rating for the company’s shares. The new price target is 29 percent higher than Friday’s closing price. On Thursday … Read more
https://www.youtube.com/watch?v=jcVIKdGA448 The U.S. Food and Drug Administration has issued a voluntary recall of several medications used to treat high blood pressure and heart failure over concerns that an active ingredient in the drugs could be contaminated with a cancer-causing agent. http://marygreeley.com/?p=72626
Remember when CNBC producers & hosts brainwashed an entire generation of millennials to buy BTC & $NFLX respectively at each of their ATHs? This hopeless generation stuck in gig-econ should realize they're stuck & speculating in markets for a better life is a pipe dream — Alastair (@StockBoardAsset) July 17, 2018 https://twitter.com/OccupyWisdom/status/1018952657799696385 $NFLX just destroyed … Read more