Yes, Virginia… There Can Be 'Red' Christmases

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Authored by Michael Lebowitz via RealInvestmentAdvice.com, In 1897, Virginia O’Hanlon asked her father if Santa Claus was real. He said she should ask The Sun, a prominent New York City newspaper of the day. Back then there was no fake news apparently, so if the Sun put it in print that there was a Santa Claus, there… Read More

France Deploys 89,000 Cops Amid Fears Of Yellow Vest Rebellion On Saturday

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French authorities will deploy at least 8,000 riot police and gendarmes in Paris on Saturday, and 89,000 forces across the country according to the Prime Minister, as the Elysee prepares for “act four” of the Yellow Vest movement’s violent protests against the Macron government.  In addition to the closure of the Eiffel Tower on Saturday, several Paris museums have announced… Read More

Adopt Unilateral Free Trade with Post-Brexit Britain

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By: Ryan McMaken In order to whip up opposition to Brexit, pro-EU activists have long relied on generating fear by suggesting that without EU membership, British trade will suffer, and export totals will collapse. This, however, has always been an unconvincing argument because EU membership tends to restrict participation in global trade more than it… Read More

The Canary In The Coal Mine Has Died…

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Authored by Chris Hamilton via Econimica blog, What happens when asset valuations rise well in excess of income?  Generally bubbles form and then burst.  With that in mind… Wilshire 5000 (red line representing all publicly traded US equities), disposable personal income (dark blue line), real disposable personal income (light blue line), and federal funds rate… Read More

Are You Playing by the Rules of the Rich?

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This post Are You Playing by the Rules of the Rich? appeared first on Daily Reckoning. When I was a young boy in elementary school, my rich dad was already putting ideas in my head about the differences between the rich, the poor, and the middle class. My rich dad would say, “If you want… Read More

Reconstructing Democracy

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November’s election may have delivered a significant blue wave, sweeping Democrats into power in the House of Representatives and throughout several states. But in the weeks since the election, it has become increasingly clear that, despite these historic gains, our democracy remains deeply in peril. And that peril is not just a product of the… Read More

Trump: "I Won't Be Here" When The Coming Debt Crisis Goes Nuclear

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President Trump reportedly shrugged off concerns over the ballooning national debt, telling senior advisers in an early 2017 meeting “Yeah, but I won’t be here” when presented with “charts and graphics layout out the numbers and showing a “hockey stick” spike in the national debt” set to occur “in the not too distant future.”  The… Read More

Gold-backed ETFs up on stock volatility in November

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NEW YORK, Dec 6 (Reuters) – Gold-backed exchange-traded funds (ETFs) registered inflows in all the world’s major regions in November, as volatile stock markets fueled flight-to-safety buying, the World Gold Council said on Thursday. North American funds had inflows of $352.7 million while European funds posted inflows of $371.9 million last month, according to figures… Read More

Did The Market Miss Powell's Real Message?

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Authored by Lance Roberts via RealInvestmentAdvice.com, Last week, I discussed the recent message from Fed Chairman Jerome Powell which sent the markets surging higher. “During his speech, Powell took to a different tone than seen previously and specifically when he stated that current rates are ‘just below’ the range of estimates for a ‘neutral rate.’ This is a sharply… Read More

Former HSBC chair Mark Tucker takes over the role at Discovery

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Discovery SENS statement In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised of the following planned changes to the Board of Directors (“Board”) of the Company. Retirement of the chairperson of the board: Mr Monty Hilkowitz Mr. Hilkowitz, independent non-executive Chairperson and Director has informed the Board of his intention… Read More

French MPs To Launch "No Confidence Vote" Against Unpopular Macron

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Authored by Joseph Jankowski via PlanetFreeWill.com, French Members of Parliment are set to launch a No Confidence vote against Emmanuel Macron as the President has become plagued by plummeting popularity poll numbers and nationwide unrest. The vote will stem from left-wing opposition parties, such as the French Socialist Party, far-left Defiant France, and the Communist Party,… Read More