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Archive Monthly Archives: April 2018

Preview Of The Busy Week Ahead: Payrolls, Trade, And Powell

It’s a busy week for economic data, with Friday’s payrolls average hourly earnings report on Friday taking the macroeconomic spotlight, in addition to ISM Mfg and Services reports, Trade data, construction spending and March auto sales data earlier in the week.  The minutes of the March FOMC meeting will be released on Wednesday. In addition, […]

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Warren Buffett Is Now America's No. 2 Real-Estate Broker

Warren Buffett’s Berkshire Hathaway is swallowing up market share in a business that Buffett said he “hardly noticed” when the company first acquired it in 2000. In light of the paucity of deals Berkshire struck last year, Buffett devoted ample space in this year’s annual report to touting the success of Berkshire’s HomeServices of America, […]

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The Grand Illusion 2.0

Via Angry Bear blog, Introductory note: this is a very long epistle. But I think my point needs to be made fully and at length. Before you go further, in fairness here is the TL:DR version: Advocates of free trade and globalization were taken aback a week ago by the assumption by China’s President Xi Jinping of […]

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"Huge Caravan" Of Central American Refugees Is Headed For The U.S. Border

Over 1,500 Central Americans are on a crusade across Mexico in the hopes of being granted asylum at the U.S. border – a move which is set to pose an enormous challenge to the Trump administration’s much campaigned about immigration policies, while reminding Trump’s base that they still don’t have the wall they elected him […]

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"Unprecedented" $8 Billion Verdict Against JPMorgan Cut Drastically

JP Morgan just won an important victory in its quest to have an unprecedented $8 billion jury verdict thrown out without its hordes of lawyers having to do one single thing. Back in September, Jamie Dimon’s bank was hit with an $8 billion jury verdict for, a judgment large enough to negatively impact the bank’s […]

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What If All The Cheap Stuff Goes Away?

Authored by Charles Hugh Smith via OfTwoMinds blog, Nothing stays the same in dynamic systems, and it’s inevitable that the current glut of low costs / cheap stuff will give way to scarcities that cannot be filled at current low prices. One of the books I just finished reading is The Fate of Rome: Climate, […]

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The History Of US Trade Policy In One Annotated Chart

As narrative-ending as it may be to nattering naybobs, President Trump is not the first, and will not be the last, to enforce major trade policies. As Goldman Sachs points out in this fully annotated chart, the US has a long history of trade interventionism, and – as the WSJ recently pointed out  – what […]

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Lockheed Martin Patents Nuclear Fusion-Powered Fighter Jet

Lockheed Martin has secretly been developing a game-changing compact nuclear fusion reactor that could potentially fit into a fighter jet. The Maryland-based defense contractor recently obtained a patent associated with its design for a fully compact fusion reactor, after filing for the patent in 2014. If the latest patent from the defense company serves as a benchmark, […]

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