Authored by Mike Shedlock via MishTalk, People are leaving LA, Chicago, New York, Miami, D.C. and San Jose, in droves, for places with cheaper housing. A Rent Cafe study on Affordable Migration in the US shows people are leaving LA, Chicago, New York, Miami, Washington D.C. and San Jose, in droves, for places with cheaper housing. Texas […]
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Authored by Simon Black via SovereignMan.com, Shares of Netflix soared today on news the company lost a record $859 million in cash in the third quarter. Why are investors applauding this egregious destruction of capital? Well, it’s because investors only look at one number when Netflix reports earnings – subscriber growth. And on that metric, […]
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Offshore Yuan bounced back from below 6.93/USD after the well-telegraphed report from the US Treasury once again decided not to label China “a currency manipulator” averting any further escalation (for now) in the ‘war’ between the two nations. Nope, no manipulation there at all… But, Treasury Secretary Steven Mnuchin did say in a statement that: “Of […]
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Authored by Brandon Smith via Alt-Market.com, After a certain length of time examining history in-depth, anyone who is honest and relatively objective comes to understand that most of what we are told about our past in the mainstream is completely fabricated. We learn that much of “history” is not about posterity or heritage and more […]
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Authored by Michael Lebowitz via RealInvestmentAdvice.com, “I’m a low interest rate person” – Donald Trump 2016 On Donald Trump’s hit TV show, The Apprentice, contestants competed to be Trump’s chief apprentice. Predictably, each show ended when the field of contestants was narrowed down by the firing of a would-be apprentice. While the show was pure entertainment, we […]
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Four east-coast state institutional Facebook investors have co-filed a shareholder proposal to remove Mark Zuckerberg as chairman of Facebook following his “mishandling” of several scandals this year. As Business Insider reports, New York City Comptroller Scott Stringer, Illinois State Treasurer Michael Frerichs, Rhode Island State Treasurer Seth Magaziner, and Pennsylvania Treasurer Joe Torsella are joining […]
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It was a classical case of selling the news as trader euphoria for cannabis stocks faded on Wednesday as Canada’s legalization of adult use of weed went into effect, dipping into a two month rally in the sector. Aurora Cannabis was among the biggest decliners on Wednesday just after the market opened, sliding as much […]
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Stocks rolled out a mixed open Wednesday, as earnings news divided early trade and investors looked toward this afternoon’s Federal Reserve data. X Netflix (NFLX) was the morning’s headliner, scorching out broad early gains as analysts upgraded price targets following strong third-quarter results. United Continental (UAL) launched a rally among airlines as a strong profit […]
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After sliding 2.1% the prior week, mortgage applications collapsed 7.1% last week as mortgage rates topped 5.00%… Ignoring the collapses during the Xmas week of 12/29/00 and 12/26/14, this is the lowest level of mortgage applications since September 2000… The Refinance Index decreased 9 percent from the previous week. The seasonally adjusted Purchase Index decreased […]
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After starting off strong, Italian 10Y Yields have leaked wider all morning after a senior government official said on Wednesday that Italy’s 2019 budget may be rejected by the European Commission and a credit rating downgrade is also possible. “Let’s say that the premise is there” for the commission to start an infraction process over […]
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