Cash Out Refis 10-yr High, Private-Label Credit Card Delinquencies At 7-yr High

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via Mike Mish Shedlock If you think the economy is improving, you better check your facts and some disturbing trends. Despite the much ballyhooed “strong jobs” economy, things are not what they seem upon closer inspection. For example, Store-Branded Credit Card Delinquencies Hit 7-Year High. The share of private-label credit cards with accounts at least 60 days … Read more

How to wait out the financial mania in safety

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by Simon Black http://traffic.libsyn.com/sovman/094__How_to_wait_out_the_financial_mania_in_safety.mp3 In today’s podcast, I share more thoughts on Puerto Rico including my experiences opening a business there. While the island has its problems, I’m still bullish on the long-term future given Puerto Rico’s incredible tax incentives (especially after meeting with their government leader and seeing how open they are to productive people … Read more

RED ALERT: Moody’s warns of ‘particularly large’ wave of junk bond defaults ahead, China’s debt crisis imminent, Italian bonds spiral out of control

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by SpontaneousDisorder Moody’s warns of ‘particularly large’ wave of junk bond defaults ahead Since 2009, the level of global nonfinancial companies rated as speculative, or junk, has surged by 58 percent, to the highest ever, with 40 percent rated B1 or lower, the point that Moody’s considers “highly speculative,” as opposed to “non-investment grade speculative.” “This extended period … Read more

How to Add a Zero to Your Net Worth with Jeff Clark

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“In this presentation made in Vancouver, Jeff explains why he believes gold and silver will be the next big financial bubble” “In this presentation, Jeff Clark details specific equity investments to his audience. Jeff’s opinions are his own and do not reflect the opinion of GoldSilver or its owners. Jeff’s advice is general in nature … Read more

When this market does break you may be waiting a long time to get your money back. Ignoring history, risk levels and valuations has its consequences.

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https://twitter.com/michaellebowitz/status/1000090431777136642 https://twitter.com/OccupyWisdom/status/999892622012440576 uh oh pic.twitter.com/yDAwWCz0QR — Alastair (@StockBoardAsset) May 25, 2018 pic.twitter.com/Pt0p50E4Lm — Alastair (@StockBoardAsset) May 25, 2018 don't look at this chart pic.twitter.com/e8sjKffqrh — Alastair (@StockBoardAsset) May 23, 2018 1-Month Libor… May 2009: 0.32% May 2010: 0.35% May 2011: 0.19% May 2012: 0.23% May 2013: 0.19% May 2014: 0.15% May 2015: 0.18% May 2016: … Read more

PhD Student Budget Check

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by financethrowaway368 Hey guys, my SO and I just finished our bachelors. I was in engineering, and she was in arts. I’m going on to do a PhD, she’s getting certified to be a school teacher (what she always wanted to do). Currently, we plan on living on my stipend and her salary. I don’t … Read more

I’m a victim of credit card fraud. Scammers had merchandise shipped to me so the bank says the charge is valid.

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Guest post by Cc_fraud_throway_ugh My dealings today have been frustrating enough I figure I should name and shame. The bank is Barclays and the product involved is the AAdvantage Aviator Red MasterCard. Not too long ago, I noticed some odd charges on one of my credit cards. Someone had made a couple of PayPal transactions … Read more

GDPR: Tech firms struggle with EU’s new privacy rules

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by KingPinto On the eve of GDPR, reports are pouring in that a number of tech companies are either closing down or have decided to exit the EU market. https://www.bbc.com/news/amp/technology-44239126 Do you believe these are limited occurrences or will the scope of defections grow? Assuming that the scope grows, how do you believe this may shape … Read more

REITs investing

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by dvdmovie1 Personally, I like REITs not from the standpoint purely of income, but to look for things that I believe are compelling “growth and income” stories, such as the cell tower REITs and logistics REITs (which I think benefit significantly from e-commerce.) For a while, I had significant investments in data center REITs. So, I … Read more

TRUMP FIRING FBI JAMES COMEY SAVED U.S. FROM ROGUE INTELLIGENCE OFFICIALS

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https://www.youtube.com/watch?v=M9oZdACVT4k Your father’s FBI is now the Obama FBI http://www.njherald.com/20161028/your… House GOP sets three FBI interviews in Clinton probe http://www.thegatewaypundit.com/2018/… House conservatives demand an investigation — of Hillary Clinton https://www.washingtonpost.com/opinions/when-all-else-fails-prosecute-the-clintons/2018/05/22/339dd226-5df8-11e8-a4a4-c070ef53f315_story.html?noredirect=on&utm_term=.013f4aad4475  

A key barometer of the global equity rally is facing an important test.

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by Dana Lyons One of the interesting trendlines in this week’s edition of our regular #TrendlineWednesday feature on Twitter comes from the chart of the MSCI EAFE Index (EAFE). As a reminder, the EAFE Index represents developed countries in Europe, Australasia and the Far East. Like most equity markets around the globe, the EAFE has enjoyed a strong … Read more

Hawaii: Mandatory Evacuation NOW Leilani Estates

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https://www.youtube.com/watch?v=7WLr7mLC8gc MANDATORY EVACUATION – According to Hawaiʻi County Civil Defense Agency officials, USGS HVO geologists out in the field are reporting eruption activity in Leilani Estates continues to intensify with a flow heading east toward Kaupili, Mohala & Kahukai Streets. In the event the ongoing eruption of Kilauea along the lower East Rift Zone forces … Read more

RED ALERT! HILLARY CLINTON: ‘Troubling Odd System’ Of The Electoral College: “I think we should eliminate it.”

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The video below of Hillary Clinton discussing why we should get rid of the electoral college will have you screaming…Thank goodness for the Electoral College! If we didn’t have it, Hillary would be president and all of our elections would be decided by three states! Hillary needs a civics lesson before she spews more sour … Read more

Brazil next to collapse; Truckers strike is harming the distribution food, fuel and other goods, including exportation and importation of product

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BRAZIL TRUCKERS STRIKE FOR SECOND DAY OVER FUEL PRICES Brazilian truckers on Tuesday staged a second day of strikes and road blockages to protest rising fuel costs. Major roads in nearly all the 27 states saw some level of blockades, the Federal Highway Police said in a statement. The worst hit were Mato Grosso and … Read more

Is Emerging Market Turmoil Deutsche Bank’s “Black Swan?”

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via IRD  Rising energy prices and collapsing emerging currencies are two developments that are not receiving much attention in the mainstream propaganda narrative. But either development which could end up “pulling the rug” out from underneath the markets. I pieced together the graphic to the right from an article on Zerohedge about the developing currency and … Read more

Assange willing to testify on alleged Russian hacking

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Right on schedule… via RT: WikiLeaks founder Julian Assange is reportedly willing to testify in the investigation surrounding alleged Russian meddling in the 2016 US presidential election. The claim that Assange is willing to speak to congressional investigators was made on Friday by his long-time associate, Randy Credico. Radio host Credico told MSNBC’s Ari Melber that Assange … Read more