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Trump Lashes Out At Bezos: “Amazon Is Doing Great Damage To Retailers; Hurting Cities And Jobs”

Amazon stock dropped a much as 1.2% in the pre-market (down 0.7% last), after an early start of the Trump tweets on Wednesday where with his first tweet he attacked the giant online retailer, saying “Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – […]


Global Stocks Rise Amid Unexpected ECB “Trial Balloon”; Dollar Flat Ahead Of Fed Minutes

European markets continued their risk-on trend in early trading, rising to the highest in over a week and rallying from the open led by mining stocks as industrial metals spike higher after zinc forwards hit highest level since 2007, lifting copper and nickel. The EUR sold off sharply, boosting local bond and risk prices after […]


Euro Turmoils After ECB Walks Back Draghi Jackson Hole Appearance

Just yesterday morning, we said that with the Euro rising as much as it has in recent months (or is that the dollar tumbling), the ECB’s next move could – or should – be to talk down the common currency, instead of carrying the hawkish “bias” Draghi has pushed for the past half year, culminating […]


Mapping Major US Military Bases Near North Korea

Amid rising tensions with Pyongyang, U.S. President Donald Trump tweeted that American forces are "locked and loaded" to respond to an attack by North Korea. While the U.S. military presence in South Korea is well placed defensively, any offensive strike against the North would require the deployment of a huge number of military assets, and the […]


Austerity Isn’t Dead, It Will Come Back With A Vengeance

Authored by Jonathan Rochford via NarrowRoadCapital.com, There’s been a steady stream of recent articles claiming that austerity is dead. The “magic” of false measurements, animal spirits and money printing are used to convince the gullible that there is an easy way out. This one from James McCormack at Fitch argues that populist politicians are responsible for […]


Ukrainian Lawmakers Disclose $45 Million In Bitcoin Holdings

As Ukraine's crackdown on corruption continues, three lawmakers from Ukraine’s ruling party revealed this week that they own a combined $45 million in bitcoin, according to a report by RIA Novosti, a Russian foreign news service. Their holdings came to light during mandatory financial disclosures by members of the Ukrainian parliament, part of an IMF-approved […]


Denmark Offers Homes, Education To Jihadists In “Hug A Terrorist” Rehab Program

Authored by Daniel Lang via SHTFplan.com, There’s a very simple principle that helps form the bedrock of any prosperous and civilized society. When people do bad things, they should be punished for it. The moment that rule is turned upside down, and the wicked and weak are rewarded for their behavior, society will crumble. There’s […]


Visualizing The Diversity Of The Tech Industry

With the recent leak of the “Google Manifesto” and the maelstrom of media backlash that followed, Visual Capitalist's Jeff Desjardins notes that it seems that concerns around diversity in the technology industry have finally reached a boiling point. Today’s infographic from Information is Beautiful breaks down the demographics of 23 major tech companies, based on statistics from […]


Brien Lundin: If They Don’t Want You To Own It, You Probably Should

Authored by Adam Taggart via PeakProsperity.com, We're living through the most extraordinary period of monetary manipulation in all of human history. It’s as widespread as it is delusional. One of the most perplexing mysteries to us is that right as the Federal Reserve embarked on QE3 — which was a huge, enormous, $85 billion a […]


Realtors Warn Of “Another Housing Crash” If Mortgage Tax Deductions Are Scrapped

After failing miserably if their efforts to repeal and replace Obamacare, Republicans are set to shift their legislative agenda to focus on tax reform when they get back from their generous month-long August recess (taxpayers are such great employers).  Among other things, proposed changes to the personal tax code would include eliminating nearly all tax […]


Iran Threatens Trump With Restart Of Nuclear Program “Within Hours”

One day after Iran announced it was preparing to send a flotilla of warships to the western Atlantic Ocean following the announcement of a massive $500 million investment in war spending, the Iranian regime is fast emerging as the latest potential geopolitical headache for the Trump administration, after it warned on Tuesday that Iran could […]


Uber CEO’s Texts With Engineer Revealed: “Let’s Start @faketesla…About Stupid Shit Elon Says”

If nothing else comes of Google suing their former autonomous driving engineer Anthony Levandowski (refresher: he’s the guy that split with 14,000 proprietary Google documents, used them to start a new self-driving tech company called Otto and then promptly sold it to Uber for $700 million), the following text messages exchanged between Levandowski and former […]


The New American Dream: Rent Your Home From A Hedge Fund

Authored by Simon Black via SovereignMan.com, About a month ago I joined the Board of Directors of a publicly-traded company that invests in US real estate. The position brings a lot of insight into what’s happening in the US housing market. And from what I’m seeing, the transformation that’s taking place today is extraordinary. Buying […]


Bernie Sanders To Introduce Single-Payer Healthcare Bill In September

For a couple of years now we’ve highlighted various data points suggesting that Obamacare was, and continues to be, in an inescapable death spiral that will end in a spectacular collapse of healthcare exchanges around the country.  While there are a number of reasons that Obamacare was doomed from the start, it basically all boils […]


Meet Billionaire Kevin Plank: Maryland’s Corporate Welfare King

Via StockBoardAsset.com, A corporate cronyism scandal could be brewing out of Baltimore, Maryland this month involving Billionaire Kevin Plank (CEO of Under Armour). What is alleged per The Baltimore Post are Baltimore County Council members  supporting a ‘conditional grant in an amount up to  $ 2,000,000 to Under Armour, inc from the Maryland Department of Commerce pursuant […]