This Is The Beginning Of The Crisis. Nobody Will Notice Until The Big 100 Banks See Same…

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https://twitter.com/OccupyWisdom/status/998352937289240578 #Subprime #auto deliquency (60-day) is at a 22 year high. This is when credit charge offs and delinquency rates among smaller banks are surging. But, remember: the unemployment rate is under 4 percent. What happens when it doubles? #fed $GM $F $KRE $XLF cc @POTUS pic.twitter.com/0vcdAwNn0d — Realist (@Macro_Sense) May 16, 2018 https://twitter.com/OccupyWisdom/status/998360595572428800 https://twitter.com/OccupyWisdom/status/998556999473385477 … Read more

Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge”

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever. The distortions in the European bond markets are actually quite hilarious, when you think about them, and it’s hard to keep a straight face. “Italian assets were pummeled again on mounting concern over the populist coalition’s fiscal plans, … Read more

President Trump – Somebody Said You Shouldn’t Say That It Will Be Controversial

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https://www.youtube.com/watch?v=KR5fIJl9wPg President Trump – Somebody Said You Shouldn’t Say That It Will Be Controversial NASCARS NOT GONNA MIND RIGHT FELLAS! President Trump Dishes ON Nascar And How They Stand For The National Anthem this was filmed today at the white house where president trump had the nascar winning team of 2017 this is trump news … Read more

Our Economy Is Failing Our Society

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by Charles Hugh-Smith If we want to extend the opportunities for positive social roles to everyone, we have to change the way money is created and distributed in our economy. One of the most unrecognized dynamics of our era is the structural dependence of our society on our economy. One set of pundits, politicos and academics wring their hands … Read more

Is Oil About To Become Front-Page News? “A Glut That Held Prices Down For Years Is Essentially Gone”

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by John Rubino Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the future, with all the inflationary pressures that that implies. From today’s Wall Street Journal: Trans-Atlantic Oil-Price … Read more

GDPR – How To Comply – What To Expect – And How To Work With Those You Serve.

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by Ruby Henley https://www.superoffice.com/blog/gdpr/ Companies tell you that they collect this type of information so that they can serve you better, offer you more targeted and relevant communications, all to provide you with a better customer experience. But, is that what they really use the data for? This is the question that has been asked … Read more

When 43% of Americans Can’t Pay for Food and Rent, We Can Safely Say the Economic Collapse Is HERE

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by Daisy Luther, The Organic Prepper You know all those reports about how lots of Americans can’t afford a $1000 surprise expense like a medical bill or a car repair? Well, forget additional expenses. It turns out that nearly half of the families in America are struggling to pay for food and rent. And that means that … Read more

Don’t Expect Another Free Lunch In The Markets

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by John Coumarianos The most recent quarterly letter from Grantham, Mayo, van Otterloo (GMO) contains an interesting argument about bonds. Over the past five years, bonds have provided great performance, but also more diversification from stocks than they have since the Great Depression. That, along with a tamer stock market, has helped balanced portfolios have lower volatility … Read more

Pentagon Spends $1 Billion To Acquire More War Robots

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by stockboardasset According to a new report from Bloomberg, the Pentagon is spending approximately $1 billion over the next several years for a variety of robots designed to complement combat troops on the modern battlefield. In addition to scouting and explosives disposal, these new war robots will reportedly be able to perform more complex tasks, including surveillance … Read more

This is Chiraq: A start to their weekend includes 11 shot, 4 killed on Friday

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by DCG From MyFoxChicago: CHICAGO (Sun-Times Media Wire) – Four people were killed, and another seven were wounded, in gun violence Friday across Chicago, including a 65-year-old man who was found shot to death in the South Shore neighborhood. About 11:30 p.m., officers found 65-year-old Earnest Wilson lying in the street with a gunshot wound to his face in the … Read more

Bill Clinton charging up to $1,500 for tickets during “conversation” tour

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by DCG I’m sure Juanita Broaddrick would like to have a conversation with ol’ Bill. From NY Post: Bill Clinton will spend his summer rolling in dough. Next month the former president is scheduled to crisscross the US and Canada in a promotional tour for his new novel, in some cases charging $1,500 a ticket for on-stage events, dubbed “A Conversation … Read more

How heavy use of social media is linked to mental illness

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Via The Economist Youngsters report problems with anxiety, depression, sleep and “FoMO” Emigrate While You Still Can! MAY 20th will mark the end of “mental-health awareness week”, a campaign run by the Mental Health Foundation, a British charity. Roughly a quarter of British adults have been diagnosed at some point with a psychiatric disorder, costing … Read more

Warren Buffett explains why he never listens to economists

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by muhdshuaib Warren Buffett does not give much credence to financial market predictions from economists. “I don’t pay any attention to what economists say, frankly,” he said. Warren Buffett believes economists do not add value for investors. In a 2016 interview video clip found using CNBC’s Warren Buffett Archive, the billionaire investor explained why he … Read more