A Golden Opportunity For Precious Metals

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Via Dana Lyons’ Tumblr, The popular gold-based exchange traded product, “GLD”, is testing the Down trendline from its 2011 peak. I think most participants would likely characterize recent markets as exciting — or, at least, interesting. That’s because, despite historically depressed volatility indices, there has certainly not been a lack of movement. Stocks are soaring, […]

Trump Says CHIP Extension Shouldn't Be Part Of Stopgap Spending Bill

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Update: In what appears to be another unvetted twitter outburst, President Donald Trump tweeted Thursday that an extension for CHIP – the children’s health-insurance program – that Republican leaders had included in their stopgap bill should be part of a “long term” solution, not the 30 day extension.   CHIP should be part of a […]

Philly Fed Slumps Near Weakest Since Dec 2016 As 'Hope' Tumbles

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Having reached its highest since 2014 in mid 2017, Philly Fed has slid notably since and printed 22.2 in January – equaling the weakest since Dec 2016. ‘Hope’ took a big hit, dropping from 52.70 to 42.2, as new orders and employees weakened. Price increases were more widespread this month. On the cost side, nearly […]

Housing Starts Crash In December

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Housing Starts plunged 8.2% MoM in December (5 times worse than expected and the biggest drop since Nov 2016) and November was revised lower as it seems the exuberant steam is coming out of the housing ‘recovery’.     Year-over-Year Housing Starts tumbled 6.0%…   Driven by a big slump in single-family housing starts…   […]

Crypto Rebound Continues As South Korea Admits Exchange Shutdown May Be Impossible

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The rebound from yesterday’s lows ahead of the Bitcoin futures expiration continues across the crypto space with Ripple soaring over 50% in the last 24 hours. South Korean headlines continue, ranging from insider-trading accusations to admissions that shutting down crypto is “realistically impossible.” Bitcoin hit $12,000 this morning… Quite a rebound…   As headlines pour […]

"Go Piss Off" – Brawl Breaks Out On CNBC Over Bitcoin

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What started off as a (somewhat) polite argument over the fate (and price) of bitcoin between bitcoin advocate CNBC Fast Money staple Dan Nathan and crytposkeptic, Evercore ISI technician Rich Ross, devolved in just over a minute into a screaming fest in which Ross slammed Nathan – who had just called him “glib” – for […]

Over The Next Year, Germany Will Hit A Scary Demographic Milestone

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In Europe, the economy is humming along at its fastest pace in 10 years. According to the European Central Bank, the most recent forecast for the eurozone pegs growth at 2.3% for the year ahead, a significant upgrade from the central bank’s previous estimate of 1.8%. But as Europe regains its economic mojo, Visual Capitalist’s […]

The Creation Of The Spanish Real Estate Bubble

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Authored by Alexander Alvarez, Summary The euro allowed for easy credit to finance the bubble. Immigration provided labor and customers to the real estate sector. Governments both local and national were complicit in creating the bubble.   The story of the Spanish real estate bubble that popped following the Great Recession started off around the […]

China GDP Beats, Retail Sales Slump (Amid Renewed Fake Data Fears)

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China bond yields rose ahead of the macro data avalanche tonight (following a leaked upside surprise print for GDP). GDP, Industrial Production, and Fixed Asset Investment all beat expectations but Retail Sales missed dramatically – growing at its slowest since Feb 2004. As a reminder, these numbers are landing amid some renewed concern over the […]

FBI Investigating Millions Of "Mishandled" Dollars Funneled From Australian Govt To Clinton Foundation

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The FBI has asked retired Australian policeman-turned investigative journalist, Michael Smith, to provide information he has gathered detailing multiple allegations of the Clinton Foundation receiving tens of millions of mishandled taxpayer funds, according to LifeZette.  “I have been asked to provide the FBI with further and better particulars about allegations regarding improper donations to the CF funded by […]

California's Homeless Problem Revealed In One "Incredible" Video

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Despite the record stock market and unemployment at 4.1% (despite a December jobs miss), the socialist utopia known as California is home to an ever-sprawling tent city which estimated to contain over 1,000 residents. After a ZeroHedge report last March on the sprawling tent cities, a 10-minute video, dubbed by some as “incredible” has emerged showing […]

Is Bitcoin A Reaction To US Dollar Hegemony?

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Authored by Federico Pieraccini via The Strategic Culture Foundation, Blockchain technology and the birth of the so-called cryptocurrencies finds deep roots in three contributing factors: the advance of technology: the manipulation of global economic and financial rules; and the persistent attempt to weaken the national economies of countries that geopolitically challenge the US power system. […]

Trump Announces The Winners Of "Fake News" Awards, Website Crashes

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Putting to rest confusion about whether he would go through with it or not, President Donald Trump delighted his fans and surprised his critics Wednesday night when he published the winners of the 2018 “Fake News Awards.” And the FAKE NEWS winners are…https://t.co/59G6x2f7fD — Donald J. Trump (@realDonaldTrump) January 18, 2018 https://platform.twitter.com/widgets.js   Ironically, Trump […]

World-Famous Bunny Ranch Brothel Begins Accepting Bitcoin

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Pizzas, green lambos, diamond-encrusted ‘B’-icon gold chains… and now hookers – just a few of the things that Bitcoin billionaires can spend their hard-earned crypto-cash on. The Bunny Ranch is probably the most famous legal brothel in the world, largely thanks to being featured on HBO’s Cathouse show and its owner Dennis Hof giving the […]