Steinhoff brings in the big gun; but is it a dead cat bounce move

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Embattled retailer Steinhoff, still lingering in the wake of a Markus Jooste-inspired meltdown, is looking to strengthen the top team. Paul Copley’s resume includes PwC, Lehman Brothers and Kaupthing EHF — the latter two, however, were victims of the 2008 credit crisis. He is expected to join the supervisory board. Copley is an insolvency veteran… Read More

Crispin Odey: It Feels Like Tesla's "Final Stage of Life"

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Hedge fund manager and noted Tesla bear Crispin Odey, in the wake of Tesla’s nearly 10% crash on Friday, talked in his most recent investor letter about how difficult it was to be short the name. He also made the revelation that he believes that the company is “entering the final stages of its life”. Odey, like many… Read More

How To Un-F*ck The Crypto Markets

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Authored by Brian Quinlivan via Hackernoon.com, Let’s Face It The crypto markets are currently f*cked. Between the consistent manipulation they face, as well as specific issues per individual major exchanges like Coinbase Pro, Binance, and Bittrex, there is a lot to be concerned about when making even the simplest of token swaps and transfers. There are bots… Read More

Top Iran General 'Ready for Jihad'; Posts White House Explosion Pic On Instagram

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Iran’s Islamic Revolutionary Guards Corps (IRGC) Quds force commander Gen. Qassem Soleimani has for two years maintained an Instagram account, and despite the well-known elite Iranian force commander being formally designated a terrorist by the U.S. Department of the Treasury since 2011, the account hasn’t been suspended.  Among a number of prior threatening images, Gen. Soleimani recently posted an artistic… Read More

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This post appeared first on Daily Reckoning. Editor’s note: Penny stock guru Tim Sykes has taken our business by storm. Many of our readers have already taken advantage of Tim’s strategies to secure their retirement. Maybe you’d like to join in but fear you lack the experience to succeed and you don’t want to risk… Read More

Interest Rates and Civilization

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This post Interest Rates and Civilization appeared first on Daily Reckoning. We have it on superb authority — the Institute of International Finance — that the world is presently $247 trillion in debt. That figure, dear reader, represents a record high. Global debt has surged $9 trillion since Jan. 1 alone… and $30 trillion since… Read More

Trump 'Boom' Sparks Record-Breaking Backlog Of Big Rigs

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Thanks to strained manufacturing supply chains and a booming economy, an unprecedented run of orders for new big rigs has nearly doubled the backlog at truck factories to nine months, according to the Wall Street Journal, citing industry analysts.  North American freight-haulers ordered over 300,000 Class 8 trucks through July of this year, and are on… Read More

The 2nd Special Counsel, Assange, & The 'Free' Press

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Authored by Raul Ilargi Meijer via The Automatic Earth blog, Two thirds of Americans want the Mueller investigation (inquisition, someone called it) over by the midterm elections. Trump lawyer Rudy Giuliani has said that if Mueller wants to interview Trump, he’ll have to do so before September 1, because the Trump camp doesn’t want to… Read More

Global Stocks Slump, US Stocks Jump Despite Economic Data Dump

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After a week like that, this seemed appropriate… Before we get started, let’s note that all is not well in the world (despite the constant happy-talk on ‘Murican media)… Global stocks are down 14% from their all-time-high in January…   31-month lows for SHCOMP as Chinese stocks had another ugly week… (3rd biggest weekly drop… Read More

Doug Casey on the Alex Jones Ban

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Justin’s note: In today’s Conversations With Casey, Doug Casey and I discuss one of today’s biggest stories—the Alex Jones media ban. Jones, as you may know, is a popular right-wing voice. He also founded Infowars, a far-right media outlet. Last week, Apple, Facebook, YouTube, and the music streaming service Spotify all banned Infowars. On Wednesday,… Read More

More pain seen as economists cut key South African forecasts

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(Bloomberg) — South African President Cyril Ramaphosa had hopes of lifting economic growth to 3 percent in 2018. Economists think that goal is even more unattainable than before. Growth in gross domestic product will average 1.4 percent this year, according to the median prediction by 22 respondents in a Bloomberg survey, which takes place monthly. This… Read More

Disruptive Financing Is Here: Canamex Gold Corp. Launches A Revolutionary Way To Raise Capital (Gold Asset Backed Security Tokens)

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The mega trend in crypto is the emergence of tangible asset-backed Security Tokens. Tokenization of tangible assets, like gold and silver, will eat the world. Blockchain deployed security tokens are the future of digital finance and the future of global capital markets.   This article is your opportunity to learn more about a revolutionary asset-backed… Read More