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In an environment where the Fed recently described household spending as "growing strongly," we have often questioned why consumer delinquencies would continue to grow (see "Subprime Auto Delinquencies Soar Past Crisis Levels, Now Highest In 20 Years" and "Subprime Snaps: Largest US Subprime Auto Lender Delays Earnings Due To "Accounting Matters"") if household financial conditions were truly improving.  It turns out that UBS pondered the same

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Authored by Jesse Felder of TheFelderReport.com, It’s earnings season once again and it looks as if, as a group, corporate America still can’t find the end of its earnings decline since profits peaked over a year ago. What’s more analysts, renowned for their Pollyannish expectations, can’t seem to find it, either. So I thought it might be interesting to look at what the stock market has done in the past during earnings recessions comparable to the current one.

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Seven Salient Left Tail Scenarios by Jamil Baz, PIMCO In the wake of Brexit, eight years after the onset of the great financial crisis, now seems an apt moment to reassess a few economic themes. At PIMCO we do not […]

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Grand Theft Auto is one of the gaming industry‘s all-time best-selling franchises, and with another installment, GTA 6, on the horizon, you can forgive its fans for wanting more information even though its developer Rockstar has not confirmed the game […]

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Prisma is no Pokemon Go, but this little photo editing app has played its part this year by reeling in millions of users, first on iOS and then on Android. However, with this success, some serious complications have developed, which, […]

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While many are blaming Russia for the Democratic National Committee (DNC) email leak, WikiLeaks founder Julian Assange says there is no evidence to suggest that the DNC was hacked by the Russian government. Furthermore, Assange claims the next leak will lead to the arrest of Hillary Clinton…   Buy 90% Junk Silver Bags at SD Bullion […] The post Julian Assange Claims Next Leak Will Lead to Arrest of Hillary Clinton appeared first on Silver Doctors.

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In a shocking example of the fallout from low oil prices coupled with years of easy-money-enabled malinvestment, the collapse of Canada's non-conventional oil production has forced a northern Alberta oil-boom-town to be put up for auction including 1200 person accomodation work-camp, hospital, gym, running track, and waste-water treatment plant. After years of invincibility, the inevitable happened:   And that has simply imploded the once 'boom' oil towns of Alberta. After

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On the heels of gold and silver surging as the mining stocks hit new multi-year highs, China's shocking plan to push gold over $10,000 is part of the world over the world's monetary system. The post Shocking Plan To Push Gold Over $10,000 Is Part of China’s War Over The World’s Monetary System appeared first on King World News.

Read more: http://kingworldnews.com/chinas-shocking-plan-to-push-gold-over-10000/

Predicting Equity Crises, Critical Exponents, And Earthquakes – II Jan Dash Bloomberg LP Xipei Yang Bloomberg L.P. July 19, 2016 Abstract: We present further encouraging evidence for the Critical Exponent Earthquake Crisis (CEEC) Model that gives the probabilities of equity […]

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Submitted by Christopher Westley via The Mises Institute, Consider this sequence of events.  During the Cold War, the Cuban government becomes communist and aligns with the Soviet Union, and many of that country's productive citizens flee to the United States where property rights are more secure and government is more constrained. Cuba's economy predictably fails and is kept afloat for years by foreign aid provided mostly by the Soviets. Meanwhile, Cuban businesses first take

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September will be a massive month for Apple, as the consumer electronics giant lines up its major releases for the critical Christmas marketplace. This has traditionally included an iPhone unit, but this year we may see Apple release more hardware […]

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Remember to focus on the big picture, be somewhat hands on, avoid performance chasing, and consider tax-loss selling, says Morningstar’s Christine Benz. 4 Portfolio Checkup Traps To Avoid

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Trying to cut costs? Here are 10 simple tips that can shave a surprising amount off of your spending. H/T Daily Infographic Not all of these are an option for everyone. Many people live too far away from work to […]

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Five Years Ago This week in 2011, we saw a variety of studies and other sources pushing back against the common "wisdom" on copyright and piracy. People were beginning to point to the signs that weaker copyright can encourage cultural output, that piracy can actually increase the quality of content, that pirates are the best consumers, and that file sharing is good for artists. Of course, on the flipside, we saw the idea/expression dichotomy gutted when a judge allowed a photographer to

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The traditionally outspoken Steve Wynn continued doing what he does best during the quarterly WYNN earnings call, which is rage against what he sees as the problem du jour in the US economy. Recall that last quarter he set his sight on the manipulated US stock market, and HFT traders in particular: "The other day I was watching the stock open up, and it went up on share volumes of a few thousand shares. I mean, every trade was a tick up. That's not the way it should operate in an honestly

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Ray Dalio (born August 8, 1949) is an American businessman and founder of the investment firm Bridgewater Associates. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and […]

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Decision Quality: Value Creation From Better Business Decisions by Carl Spetzler, Hannah Winter, Jennifer Meyer Decision Quality – Description Add value with every decision using a simple yet powerful framework Few things are as valuable in business, and in life, […]

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In the third cyberattack on Democratic Party-related servers, Reuters reports that the computer network used by Democratic presidential candidate Hillary Clinton’s campaign was hacked. This follows hacks of the DNC and the DCCC (the party's fund-raising committee) in the past week. Who to blame this time? Well with US intelligence head Jim Clapper having exclaimed that he was "somewhat taken aback by the hyperventilation [blaming Russia]" by Democratic surrogates, we suspect

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``... one of the findings of the survey is that stressed middle-income consumers have an average income 22% below non-stressed peers but debt levels 10% to 40% higher. Findings show that these higher debt levels are a result of higher credit card, auto and student loan debt.'' -- So much for increasing consumer spending being one of the last pillars of GDP support; perhaps that spending is merely keeping up with inflation...

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While yesterday's GDP report was an undisputed disappointment, printing at 1.2% or less than half the 2.5% expected following dramatic historical data revisions, an even more troubling finding emerged when looking at the annual growth rate of GDP.  This is how Deutsche Bank's Dominic Konstam summarized what we showed yesterday:  The latest GDP release favors our hypothesis of an imminent endogenous labor market slowdown over a more optimistic scenario in which productivity will

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By the SRSrocco Report, The top three U.S. oil companies released their financials today and the results were completely awful.  Exxon Mobil was the only one of the three that still made a profit for the first half of the year, however it was down a stunning 62% compared to the same period last year. Unfortunately, Chevron and ConocoPhillips results were much worse as they suffered a combined net income loss of $4.7 billion for the first half of 2016.   We must remember, these

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