Jim Rickards: The Economy Is Not As Good As It Seems

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by Jim Rickards of Daily Reckoning Investors can be forgiven for thinking they hit the trifecta last Friday. The U.S. Bureau of Labor Statistics reported that unemployment had dropped to 3.9%, the lowest in almost 20 years. The Federal Reserve Bank of Atlanta reported that its widely followed GDP forecasting tool was showing projected growth for the second … Read more

It gets worse: Tesla now has to compete with $50,000 electric BMWs going for $54/month

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by Simon Black As if things weren’t bad enough for beleaguered Tesla… The company lost $1.1 billion in cash in the last quarter, executives are leaving the company in droves, it’s facing production issues with its Model 3 and, as I recently discussed, Elon Musk insulted analysts on the latest earnings call by dismissing their questions – … Read more

What is wrong with Hillary?

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by Dr. Eowyn I know, I know. The answer to that question is as numerous as stars in the heavens.  Recently, DCG did a post on a strange bulge under Hillary’s jacket. Hillary had sported strange bulges on her back before — under her green jacket at a private fundraiser on the evening of February 24, 2016 in the … Read more

How to make a complaint against your bank

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Making a complaint is rarely a pleasant experience. When something has gone awry with a business transaction, even if there are policies in place to help you resolve the issue, supposedly to everyone’s satisfaction, often the fact of having to do so is enough to make you feel angry and/or upset. Certainly, that can be … Read more

Why Do Some Pension Funds Avoid Equities?

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by Martin Armstrong QUESTION: Hi there Mr. Armstrong In attempting to synthesize some of your past comments, I wonder if it is accurate to conclude that rate hikes are the lesser of two evils between collapsing pension funds and higher debt servicing costs? If so, the implication is that budgets don’t matter, since it appears you … Read more

Here’s How China DUMPS MASSIVE Amounts Of U.S. Dollars Without Selling A Single U.S. Treasury

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via silverdoctors: Call it “Shadow De-dollarization” or “Backdoor De-dollarization”, but no matter what you call it, this scheme is pure genius. Here’s the details… Selling their massive hoard of U.S. treasuries is not the only way that China can “dump the dollar”. Here’s a look at a crude (pun and no pun intended) and clever way … Read more

Fund Manager: Subprime Mortgages Are Back Just Like A Dog Returns To Its Vomit

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by Dave Kranzler of Investment Research Dynamics Other people’s money is always more fun to play with recklessly than your own.  As such there’s been a quiet escalation in number of  private capital pools offering mortgage (and auto) financing to subprime quality borrowers.  “Special Circumstance Lending” is one such lender in Denver.  It constantly runs ads on Denver … Read more

China Unleashes “Island Encirclement” War Drill Around Taiwan

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by stockboardasset It is an uncomfortable time for Taiwan. China’s People’s Liberation Army (PLA) began a dangerous “island encirclement” war drill around the country, which on Friday saw bombers and fighter jets simulating strikes on Taiwanese targets for the first time. It seems as Beijing will not wait for reunification; it wishes to intimidate the island … Read more

Divy Equities shuts down consumer-facing business

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by MGoAzul Just received the below email from Divy saying they are shutting down their consumer-facing fractional share brokerage and focusing on the commercial business. Cool idea, shame it’s closing down: Dear Client: We are making some changes to our business at Divy Equities as our parent company, Divy Inc., turns its primary focus from … Read more

7 Stanley Druckenmiller is now 90% tech

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https://www.sec.gov/Archives/edgar/data/1536411/000153641118000008/xslForm13F_X01/form13f_20180331.xml Largest Holdings representing 75% of his portfolio are : Google Amazon Microsoft Salesforce Alibaba It is interesting that for such a tech heavy portfolio he doesn’t own Apple or Facebook   h/t vegaseller

Bond Breakdown Gathers Momentum

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Peter Schiff, Released on 5/15/18 Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including … Read more

Global Synchronized Growth Narrative Collapses – Uncle Sam’s Free Money Drying Up Fast, Crisis Brewing In Merging Markets, Libor Continues To Surge

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Chart of the Day: "Uncle Sam’s Free Money Drying Up Fast" h/t @DA_Stockman pic.twitter.com/JQaVNxFGsX — Alastair (@StockBoardAsset) May 16, 2018 global synchronized growth narrative collapses pic.twitter.com/8bjvPwWhHx — Alastair (@StockBoardAsset) May 16, 2018 BBG: JPN's economy shrank for the first time in 2 years during the 1st quarter, contracting more than expected on a surprise fall … Read more

Has Mueller Given Comey Immunity??

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Synopsis: Slowly, but relentlessly, the group of experts mostly coalescing around Fox News, are assembling not only the truth about what has been going on for the last 9 years, but gigantic and lawless scope of it. Former US Attorney for the District of Columbia, Joe DiGenova and former Federal Prosecutor Sidney Powell, summed up … Read more

Giuliani Ending Mueller Probe After Midterm Elections

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https://www.youtube.com/watch?v=oGm0qXBv7RU Trump team ready to ‘pressure’ Mueller at probe’s one-year mark https://www.politico.com/story/2018/0… Judge rejects Manafort motion to dismiss Russia probe charges http://thehill.com/regulation/court-b… U.S. identifies suspect in major leak of CIA hacking tools https://www.washingtonpost.com/world/national-security/us-identifies-suspect-in-major-leak-of-cia-hacking-tools/2018/05/15/5d5ef3f8-5865-11e8-8836-a4a123c359ab_story.html?noredirect=on&utm_term=.b1b6abea69c9

Vatican’s Biggest Scandal Ever!

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Cardinal George Pell, the Vatican’s third-highest-ranking official, must stand trial on several charges of sexual abuse, an Australian court ruled on Tuesday. Many see as a moment of reckoning for a church racked by scandal. AC