Thursday , November 23 2017
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Tag Archives: Headlines

Mainstream Media Paint Power-Grabbing Saudi Dictator As Roguish, Visionary ‘Reformer’

Authored by Adam Johnson via FAIR.org (Fairness & Accuracy In Reporting), Two weeks ago, Saudi Crown Prince Mohammed bin Salman carried out a brutal crackdown on his political opponents, arresting dozens of high-ranking relatives, kidnapping the prime minister of Lebanon, and seeing eight of his political rivals die in a convenient helicopter crash. The “consolidation of power” by the de facto Saudi ruler comes as his government ramps up its siege of Yemen and gets even closer to its US...

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Foxconn Interns Worked Illegal 11-Hour Shifts To Meet iPhone X Demand

Apple and Foxconn have a well-documented history of labor abuses ranging from underpaying employees to compulsory over time that have been blamed for a slew of deaths and suicides among Foxconn's workforce. These abuses were widely covered in the media around 2012 but largely disappeared from the headlines after Apple CEO Tim Cook said he would pressure Foxconn into adopting more humane labor conditions. But apparently the unprecedented production problems that plagued the company's rollout...

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7 Reasons Why Stocks No Longer Care About Political Shocks, And 2 Why They Should

From Nicholas Colas of DataTrek Research Why do global equity markets ignore political shocks like Brexit, President Trump’s election or the news that Angela Merkel failed to form a government in Germany? There are plenty of good reasons, actually, which we review below. News that German Chancellor Angela Merkel failed to form a new government was the big shock of the day. It is unclear if the country will have a minority coalition or call fresh snap elections. The New York Times quoted a...

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Bubble Dynamics and Market Crashes

Authored by James Rickards via The Daily Reckoning, To paraphrase one of the great gems of Wall Street wisdom, “Nothing infuriates a man more than the sight of other people making money.” That’s a pretty good description of what happens during the late stage of a stock market bubble. The bubble participants are making money (at least on a mark-to-market basis) every day. Meanwhile, the more patient, prudent investor is stuck on the sidelines - allocated to cash or low-risk investments while...

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Want Widespread Prosperity? Radically Lower Costs

It’s easy to go down the wormhole of complexity when it comes to figuring out why our economy is stagnating for the bottom 80% of households. But it’s actually not that complicated: the primary driver of stagnation, decline of small business start-ups, etc. is costs are skyrocketing to the point of unaffordability. As I have pointed out many times, history is unambiguous regarding the economic foundations of widespread...

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Thanksgiving Dinner Is Not Usually Served On A Silver Platter But This Year We May See Just That

In November of 2015 when silver was bottoming, we all had to endure 15 consecutive days of pure disgust: 2016 was not quite as bad, but not any easier: Which brings us to November 2017: Notice the theme here. Silver bottomed in 2015. In 2016, silver began (or resumed) its bull market. This is further supported by the huge moves on the 2016 chart above. This is because, generally speaking, in bull markets, the biggest...

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Money and Markets Infographic Shows Silver Most Undervalued Asset

Money and Markets Infographic Shows Silver Most Undervalued Asset – Silver remains severely under owned and under valued asset – Entire silver market worth tiny $100 billion shown in one tiny square – “All of the World’s Money and Markets in One Visualization”– Must see ‘Money and Markets’ infographic shows relative size of key markets: silver bullion, gold bullion, cryptocurrencies/ bitcoin, largest companies, 50 richest...

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FX Weekly Preview: EUR Darts Back To Uptrend, But Can It Last

Submitted by Shant Movsesian and Rajan Dhall MSTA of fxdailyterminal.com The key move in the FX majors last week as the upturn in EUR/USD, where the first key area of support on the downside at 1.1500-1.1625 held well to generate the move up into the mid-upper 1.1800's.  In the previous week we also asked whether the USD correction was over, and some may assume that based on the key weighting in the USD index - it is.  Clearly the longer term outlook on Europe has been the driver of what is...

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The Great Retirement Con

The Great Retirement Con 40 years ago, a grand experiment was embarked upon. One that promised US workers: Using new ‘defined contribution’ retirement savings vehicles such as IRAs and 401k,, they’d be better off when they reached retirement age. Which raises a simple but very important question: How have things worked out? The answer? Not well at all for the vast majority of Americans, for whom “retirement” will remain...

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