BY PATRICK WATSON Financial markets move when humans (or machines programmed by them) buy or sell. In theory, these decisions are rational. But in reality, they’re often driven by emotions. The two key investor emotions are fear and greed. Today, I want to talk about fear. Fear usually helps us avoid harmful and potentially dangerous situations. However, if … Read more
(CBS News/CBSNewYork) – The wireless industry is in a race to roll out 5G service. The network is supposed to be up to 100 times faster than current data speeds, but it requires cellphone tower equipment to be closer to users than before. Wireless companies in the U.S. say they’ll have to install about 300,000 new antennas … Read more
“Roseanne” got cancelled by ABC after the main star attacked the Soros family, the Clinton, and Valerie Jarrett on Twitter early Tuesday morning. Roseanne is an idiot but let’s make sure ABC applies the same rules to Olbermann
via cnsnews: (CNSNews.com) – The Social Security Administration is doing a better job of cutting off payments to dead beneficiaries, but the problem isn’t solved. According to a May 24 report from the Office of the Inspector General of the Social Security Administration, 678 beneficiaries who were verified as deceased as of April 2017 received approximately $20 … Read more
by SP I am really enjoying reading Barbara Kingsolver’s story of moving from Tuscon to a rural family farm in Virginia. Animal Vegetable Miracle. She is funny and perceptive. She talks about the loss of basic food growing literacy in the American people. … Most people of my grandparents’ generation had an intuitive sense of agricultural basics: when various fruits … Read more
by Dave Italian 10 year bond yields screamed up 48 basis points today on prospects of a new election in Italy. The Italian President (a holdover appointee from the PD) rejected the new LN/M5S finance minister over the weekend, and now the wheels are coming off the wagon. https://tradingeconomics.com/bonds It seems as though this was expected by … Read more
by OT UK Gov thinks music videos with violent scenes are to blame for rising crime rates, so in the continuing of even more censorship, tells YouTube, who obliges, in pulling 30 Music videos mostly from the Chicago Drill Genre. Guns, sharp knives, porn, music. They are running out of things to ban. via billboard: YouTube … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Some beautiful spikes too. Prices of houses and condos across the US surged 6.5% from a year earlier (not seasonally-adjusted), according to the S&P CoreLogic Case-Shiller National Home Price Index for March, released today. The index is now 7.8% above the crazy peak of “Housing Bubble 1” in July 2006 just … Read more
Josh Sigurdson talks with Dan Dicks of Press For Truth, a renowned Bilderberg researcher and someone who has protested and reported on every Bilderberg meeting going back to 2006. Dan has documented countless confrontations with Bilderberg members over the years, getting some of the most important info from members alongside people like Luke Rudkowski of … Read more
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The US military industrial complex isn’t doing much to quell suspicions that it is largely responsible for the emergence and continued existence of nebulous terrorist entities like ISIS: In an apparent attempt to remove all pretense that the United States is nothing more than al-Qaeda’s Air Force in Syria, the American government is warning … Read more
by John Rubino The early stages of a housing bubble are fun for pretty much everyone. Homeowners see their equity start to rise and feel smart for having bought, home seekers have to pay up, but not too much, and fully expect their new home to keep appreciating. People with modest incomes feel a bit … Read more
From Dan Ferris, Editor, Extreme Value: If you believe higher earnings will make stock prices go up, you’re not completely wrong… But the highest earnings growth doesn’t make stocks go up the most. In fact, history shows the S&P 500 Index tends to perform poorly when earnings grow more than 20% per year. (S&P 500 earnings … Read more
by DCG There are some questions I have about this arrest that are not answered in this report. And I’m not having any luck finding more information about this arrest on the internet. Suffice it to say, if you are a gun owner in California you are in for a world of hurt and confusion. … Read more
by SpontaneousDisorder The daily sentiment index had some extreme readings in this pair so could pause or rebound soon. The commitment of traders positioning has not moved much yet though so there is fuel for a much larger move long term. https://hedgefundtelemetry.activehosted.com/index.php?action=social&c=195&m=246 “fixed-income markets have descended into panic amid mounting concern over the risk of … Read more
by DCG This was the tally as of 3:00 pm on Memorial Day. Expect the final numbers to go up by Tuesday morning. The number of shootings are similar to last year, according to the report. This despite police deploying an extra 1,000 officers over the weekend and working with the FBI and ATF have to carry out … Read more
via LAtimes: Naturally, the TSA’s official definition of troublemaking goes well beyond punching its officers. According to a confidential memo, any behavior that is “offensive and without legal justification” can land a traveler on the list, as can any “challenges to the safe and effective completion of screening.” Anyone who has ever “loitered” near a … Read more
The Daily Beast Launches a “Your Twitter Followers Hit a Girl” Attack on Elon Musk. Erin Biba is a freelance “science writer.” I put science writer in scare quotes because Biba goes to some lengths to obscure what her credentials are. The science writers who have worked for me were PhDs with bench science chops who had … Read more
California is intentionally fouling our national election system. Now we know where Hillary’s popularity votes came from. via hotair: One person, one vote. That’s how it’s always supposed to work. But perhaps not if you happen to live in California and were pulled into the state’s “motor voter” registration system. Golden State officials only have a … Read more
via RT: The US Department of Justice has reached a settlement that would allow Bayer AG’s $66 billion takeover of Monsanto Co, requiring the German company to sell $9 billion in agricultural assets first. The merger as initially proposed would have harmed consumers and farmers by eliminating competition, the DOJ said. However, the Trump administration … Read more