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  • Missouri Senator Who Said “I Hope Trump Is Assassinated” Refuses To Resign

    The Missouri State Senator who published a Facebook post calling for President Donald Trump’s assassination is refusing to resign despite finding herself in hot water with both the Secret Service and her fellow Democrats, according to the Kansas City Star.
    In her response, State Sen. Maria Chappelle-Nadal struck what the newspaper described as a ‘defiant’ tone, saying that she published the post out of ‘anger and frustration’ after President Donald Trump said ‘both sides’ were to blame for an attack in Charlottesville Va. last weekend that killed one counter-protester and injured more than 20 others. She explained that it would be hypocritical for her to be punished for her speech when Trump makes similarly offensive comments on a regular basis.

    This post was published at Zero Hedge on Aug 19, 2017.


  • Democratic Missouri Senator: “I Hope Trump Is Assassinated!”

    A Missouri state senator, Maria Chappelle-Nadal (D-University City), has landed herself in a bit of hot water with with the U. S. Secret Service today after posting, then deleting, a comment on Facebook which read, “I hope Trump is assassinated!”
    Unfortunately, as Chappelle-Nadal should have learned at this point in her life, the internet never forgets and the St. Louis Post-Dispatch managed to get their hands on the post:

    This post was published at Zero Hedge on Aug 17, 2017.


  • We Sang Dirges in the Dark

    I typically stay away from politics in The 10th Man. Besides, you probably get enough of it on Facebook!
    I only study politics recreationally, so I feel that I only have a recreational grasp of it. I have a lot of respect for the very smart and incisive political pundits.
    But I don’t stare at politics every day. I stare at markets every day, and I am pretty comfortable saying that my knowledge of markets is smarter and more incisive than most people’s.
    And you know what I have noticed about markets lately? They don’t care about Trump.
    When Merck CEO Ken Frazier stepped down from the President’s Manufacturing Council on account of Trump’s remarks on Charlottesville, did you see Trump’s reaction?
    That sounds like a direct threat of litigation to me. You know what Merck stock did in response?

    This post was published at Mauldin Economics on AUGUST 17, 2017.


  • This Picture Of Mike Pence ‘Triggered’ An Entire Campus Of California Private College Kids

    When McKenzie Deutsch posted a picture of herself posing with the Vice President of the United States at the White House she probably didn’t expect to set off a mass ‘triggering’ event at her ritzy Southern California private institution of higher indoctrination, Scripps College, but that’s exactly what happened.
    According to the Daily Caller, Deutsch, a rising junior at Scripps, was an intern this summer in the office of U. S. Representative Cathy McMorris Rodgers (R-WA) and was excited by the opportunity to meet the Vice President. So, after snapping the pic below she posted it to Facebook with the caption: ‘The places you’ll go, the things you’ll see, the people you’ll meet… What a day it was in DC!’

    This post was published at Zero Hedge on Aug 15, 2017.


  • Hedge Funds’ Love Affair With FAANG Fizzles: Full 13-F Breakdown

    One quarter after virtually every hedge fund loaded up on one or more of the six most influential tech stocks in the U. S stock market, Facebook, Apple, Amazon, Netflix and Google – a handful of stocks roughly responsible for half the market’s YTD gains – the love affair with FAANG continued, albeit far less passionately, with quite a few cases of “buyer’s remorse” emerging. According to an analysis by Reuters, closely-watched U. S. hedge fund managers were generally bearish on FAANGs in Q2, with eight prominent investors in aggregate cutting or liquidating 18 stakes in the companies, according to the latest 13-F dump.
    Among those who had chilled on the tech space, were Coatue Management, Omega Advisors, Third Point, Tiger Global Management, Appaloosa Management, Paulson & Co, Soros Fund Management and Greenlight Capital, who in aggregate slashed 16 stakes, sold two stakes, increased six stakes, opened two new stakes, and maintained two positions in the so-called FAANG stocks in the three months ended June 30.
    Some examples:
    Dan Loeb’s Third Point increased its stake in GOOGL by 120,000 class A shares to 575,000 and increased its position in Facebook by 500,000 class A shares to 3.5 million as of June 30. On the other hand, Leon Cooperman’s Omega Advisors took a more bearish stance overall and cut its stake in Facebook by 26,700 class A shares to 236,200. It also cut its stake in Netflix by 12,700 shares to 65,000 shares and trimmed its stake in Amazon by 8,900 shares to 10,500 shares. Omega kept its stake in Alphabet of 158,835 class A shares unchanged.

    This post was published at Zero Hedge on Aug 14, 2017.


  • Fed’s Facebook Page Gets Viciously Trolled

    Whomever runs social media for the Federal Reserve learned a tough lesson about the cruelty of the internet this week.
    The Fed’s Facebook page got wickedly trolled after the central bank posted a simple warning about potential scams.
    The post seemed innocent enough. The Fed simply wanted to warn people about scammerssending out emails that claim to be from the Fed.
    The very first comment gave a pretty good indication as to how this was going to go.
    Whether it is or isn’t from the federal reserve the answer is yes…it is a scam.’
    From there, people just piled on.

    This post was published at Schiffgold on AUGUST 10, 2017.


  • This cryptocurrency website is selling for more money than Facebook’s

    What’s money worth if interest rates are negative?
    Interest rates, after all, are the ‘price’ of money.
    When we borrow money from a bank and pay interest on the loan, it means that the money we’re borrowing has value. That -capital- has value.
    Negative interest rates, on the other hand, suggest that capital is totally worthless.
    This isn’t a philosophical exercise. These are the times we’re living in.
    Despite a few tiny increases, interest rates worldwide are still near the lowest levels they’ve been in 5,000 years of human history.
    Bankrupt governments across Europe who are already in debt up to their eyeballs have issued trillions of euros worth of new debt with negative yields.
    And there have even been famous cases (also in Europe) in which bank depositors have had to PAY interest, while borrowers were BEING PAID to take out a mortgage.

    This post was published at Sovereign Man on August 9, 2017.


  • What’s Killing U.S. Productivity? America’s Narcissism Era.

    Yesterday, Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, spoke to the Rotary Club of Downtown Sioux Falls, South Dakota and then opened up the mic to questions from the audience. One question concerned today’s lack of true innovation rather than just innovations in social media. Kashkari responded as follows:
    Kashkari: ‘This is a big complicated topic. A big question mark in the economics profession is why is productivity growth in the U. S. economy so low. It’s much lower than it has been in prior decades. And, we think, you pull out your iPhone or Twitter or Facebook – you think, wow, all this stuff is happening. Well, some experts say the things that we’re creating now – that we’re innovating now – just aren’t that impactful. They don’t really move the needle very much. So if you compare Facebook and Twitter, which seem pretty cool, to electricity or the internal combustion engine, or the airplane, it’s just not that important.’
    Kashkari is on to something significant but we have to differ with him in this regard: this is not really ‘a big complicated topic.’ It’s a very basic concept: we are living in the most narcissistic era that America has ever experienced and it’s dragging down not only U. S. productivity but the country itself.

    This post was published at Wall Street On Parade on August 8, 2017.


  • DIGITAL TYRANNY: Google and Facebook’s Automated Censorship Program (I Hope You Can Speak Chinese)

    21st Century Wire says…
    Based on their own reports and public statements, it was clear that both Google and Facebook, and others, were engaged in formulating a wide program of censorship in order to ‘tackle’ what the corporations deem as ‘offensive speech’ or ‘hate speech’. Although based on the political biases of members of these corporations, the actual administration of this will be done by fully hidden and unaccountable automated computer algorithms.
    According to new reports, the new method are not merely the manipulation of metrics used to downplay content. These are incredibly clandestine and very sinister measures: without visibly shutting down an account, this new automated censorship process will simply make an account holder’s posts invisible to their friends, fans and followers, in what Google/YouTube is calling ‘a limited state’ in order to ‘isolate and contain’ a targeted user – even if they have NOT violated the user terms of services. This is designed not only to ‘disappear’ important opinions and information – but also to frustrate users, in the hopes that they will eventually abandon the platform as a viable content distribution network.

    This post was published at 21st Century Wire on AUGUST 6, 2017.


  • America’s Productivity Plunge Explained

    For the first time since the financial crisis, US multifactor productivity growth turned negative last year, mystifying economists who have struggled to find something to blame for the fact that worker productivity is declining despite a technology boom that should make them more efficient – at least in theory.
    To be sure, economists have struggled to find explanations for the exasperating trend, with some arguing that the US hasn’t figured out how to properly measure productivity growth correctly now that service-sector jobs proliferate while manufacturing shrinks.
    But what if there’s a more straightforward explanation? What if the decline in US productivity measured since the 1970s isn’t happening in spite of technology, but because of it?
    To wit, Facebook has just released user-engagement data for its popular Instagram photo-sharing app. Unsurprisingly, the data show that the average user below the age of 25 now spends more than 32 minutes a day on the app, while the average user aged 25 and older. The last time Facebook released this data, in October 2014, its users averaged 21 minutes a day on the app.

    This post was published at Zero Hedge on Aug 2, 2017.


  • “It Won’t Be Long Now” – David Stockman Warns “Amazon Is The New Tech Crash”

    Authored by David Stockman via The Daily Reckoning,
    It won’t be long now. During the last 31 months the stock market mania has rapidly narrowed to just a handful of shooting stars.
    At the forefront has been Amazon.com, Inc., which saw its stock price double from $285 per share in January 2015 to $575 by October of that year. It then doubled again to about $1,000 in the 21 months since.
    By contrast, much of the stock market has remained in flat-earth land. For instance, those sections of the stock market that are tethered to the floundering real world economy have posted flat-lining earnings, or even sharp declines, as in the case of oil and gas.
    Needless to say, the drastic market narrowing of the last 30 months has been accompanied by soaring price/earnings (PE) multiples among the handful of big winners. In the case of the so-called FAANGs + M (Facebook, Apple, Amazon, Netflix, Google and Microsoft), the group’s weighted average PE multiple has increased by some 50%.

    This post was published at Zero Hedge on Aug 2, 2017.


  • 2017 Bull Market:Testing the Boundaries of History, Has TIME Run Out?

    For the U. S. Equity market, the advance in recent days to yet another string of new all-time highs is outwardly so impressive that it makes it difficult for many market observers to even question the robust nature of the stock market. Through last Thursday, for example, the NASDAQ Composite had seen 14 of the last 16 days with a positive close. As winning streaks go, that kind of one-sided market action is a fairly rare phenomenon. For the NASDAQ Composite, this has only happened 15 times in its 46-year history. With the likes of Facebook and Amazon and other FANGS seemingly on an unending roll, it’s enough to make one wonder whether stocks will ever go down again?
    Yet it is precisely this kind of one-sided feeling that often creates and denotes the presence of a major market turn. In his recent Weekly Technical Update, veteran technician James E. Welsh zeroes in on this mentality:
    ‘Will Stocks Ever . . . If you type ‘Will stocks ever’ into your browser, Google will auto-fill this question with ‘go down again’. This is the mentality that results when the S&P trades beyond 2 standard deviations as it has in 2017 and discussed last week. Since 1928 (89 years) the S&P has averaged a decline of 11.2% in the first half of the year. The largest decline in the S&P has been 2.9% in 2017, about one quarter of the average and the second lowest ever. The S&P has not experienced a decline of 5% in more than a year.

    This post was published at FinancialSense on 08/01/2017.


  • Facebook Employee Lives Out Of Car, Can’t Afford Housing

    Google employees aren’t the only tech workers struggling to afford Silicon Valley rents. One (alleged) Facebook employee recently confessed to a local TV station that she cannot afford the Bay Area’s $2,000 a month rents, forcing her to live out of her car. Unique Parsha, the employee in question, opened up about her situation to local Fox affiliate KTVU, hoping to start ‘a real dialogue about the high cost of living in the Silicon Valley’ (although as readers will quickly realize, there is a very real chance that either KTVU, or everyone else has been part of an elaborate trolling scheme).
    ‘Parsha’s nickname is “Pinky”- she has pink hair, a pink car, and even a pink dog. But she says, things aren’t always as rosy as they appear.
    Parsha says, “I tell people all the time, stop looking at what somebody got and what you see on the outside”.
    On the outside, Parsha is a model Facebook worker, who runs a non-profit in her spare time. But she’s been living out of her car since April.’

    This post was published at Zero Hedge on Jul 29, 2017.


  • POLICE BRAG ABOUT TAKING MONEY FROM A HOMELESS MAN, FACEBOOK PROCEEDS TO OWN THEM

    Cheyenne, WY – A heartening trend is growing on social media showing that people are waking up to the state persecuting individuals over victimless crimes. The latest example of this trend comes from the Cheyenne Police Department who posted a photo of money they seized from a homeless man and then attempted to justify and brag about it. When people read the department’s post, they lashed out – peacefully – to let them know what they were doing is wrong.
    The department’s post has since gone viral, prompting both praise and scorn for their ridiculous image bragging about stealing money from a homeless man because he was drunk.
    The image was posted with the following statement:
    Yesterday, July 22, we arrested a transient for public intoxication. This is a person we frequently deal with, but we want to illustrate that there are better ways to help the transient population than to give them money for panhandling. This person collected $234.94 in just a few hours of asking for money. Rather than feeding someone’s alcohol addiction, you can donate directly to local charities such as the Comea Shelter where your money will assist the homeless in a much more effective way.

    This post was published at The Daily Sheeple on JULY 28, 2017.


  • How I Know Facebook Is LYING

    Not difficult to figure out folks, but I think you should buy the stock because lying firms are great investments.

    In other words Zuckerpig (and Sandberg) claim that 83% of all persons over the age of 15 between the US and Canada (Canada has about 30 million adults) are active monthly on Facebook.

    This post was published at Market-Ticker on 2017-07-26.


  • The Public’s Supremely Stupid Tolerance

    Good God, this is the dumbest – and most dangerous – thing I’ve seen yet.
    A Facebook message pops up on my phone screen. ‘What’s going on in your world?’
    It’s from a robot named Woebot, the brainchild of Stanford University psychologist Alison Darcy.
    What?
    This “bot” looks at what you do and then decides it thinks you’re depressed.
    Ok, who owns that “deduction” and what happens when it’s wrong?
    See, here’s the problem — this doesn’t require an “app” that you load. Facebook looks at everything you do that it can link back to your id on their site now.
    Is the company doing this now — and selling it to whoever wishes to buy, such as, for example, your health insurance company? Your employer? A recruiting company (that in turn has quite a bit of influence over whether you find future employment)? A prospective landlord? Never mind the government.
    Look folks, you have some deep thinking to do. It is exactly this sort of “app” that leads me to say “Advertise on Facebook or any other Zuckerberg property and I will never buy from you again.“

    This post was published at Market-Ticker on 2017-07-21.


  • BANK ASSETS ARE EPHEMERAL – HERE TODAY GONE TOMORROW

    It is not only paper gold which is Fake. Few investors realise that most of their investments are Fake.
    Fake news and Fake assets are everywhere. Let’s start with social media which dominates major parts of the world. Facebook for example has 2 billion active users. WhatsApp has 1.2 billion users and Instagram 700 million. There will obviously be quite a lot of overlap between the various social media. But what it is clear that these three Apps reach billions of people and their power is much bigger than that of any other media; Social Media has more impact than newspapers or than television and is the only media that 2-3 billion people follow regularly. Most people and in particular young people don’t watch television and don’t read the papers. They get all their ‘news’ from social media.
    SOCIAL MEDIA SOURCE OF FAKE NEWS
    Social media is instant gratification. You post something or you send a message and you get a message back or a number of likes which generates dopamine and makes you momentarily happy. But as I have experienced from our many grandchildren, social media is a perfect source of Fake news. Many young people using social media will be receivers of Fake News or bullying. Social media is perfect for spreading false rumours which are very often difficult to get rid of. Trump’s Twitter account is another example of alleged Fake News. Trump accuses the papers and television of Fake News and they accuse him of the same.
    This is the world we live in today – a world with Fake markets, Fake assets, Fake values, Fake money, Fake people and Fake news.

    This post was published at GoldSwitzerland on July 20, 2017.


  • ‘Investors’ Haven’t Bought Tech Stocks Like This Since Bernanke Hinted At QE2 In 2010

    Investors piled $2.7 billion into QQQ (the benchmark ETF tracking the Nasdaq 100 Index) in the five days through July 14 as shares in the fund posted their biggest advance this year.
    As Bloomberg notes, the biggest weekly inflow since September 2010 came as the tech-heavy index – with megacaps Apple, Amazon, Facebook, and Alphabet among its largest members – rebounded to within 1 percent of its record high.

    This post was published at Zero Hedge on Jul 17, 2017.


  • Mark Zuckerberg Finally Figured Out Why Trump Won; Hint: It Wasn’t Russia

    Mark Zuckerberg, the 30-something billionaire founder of Facebook, hasn’t lived a ‘normal’ life…at least not at any point in the recent past. He grew up in a suburb of New York City and now hobnobs with the elites of Silicon Valley, at least when he’s not enjoying that massive chunk of Kauai that he recently purchased for his own private use.
    So what do you do when you’ve become completely disconnected from the ‘foreign’ world that all of middle America calls ‘reality’ and have no idea why you just got massively blindsided by a national election that you thought was a foregone conclusion? Well, you take a trip to Williston, North Dakota.
    As Zuckerberg apparently learned for the first time while visiting oil workers in a tiny North Dakota town, there are entire industries that exist outside of Silicon Valley…industries that provide great wages and support thousands of American families. And, as it turns out, those people are sick and tired of having their jobs threatened by their own government and being demonized by Hollywood liberals for their efforts to provide economical access to energy.

    This post was published at Zero Hedge on Jul 13, 2017.


  • Net Neutrality: The Liars Need To Be Locked Up

    The last couple of days have been so-called days of action on so-called “Net neutrality” and now a veritable trove of large “consumer” corporations have joined the fray — Amazon, Facebook and (of course) Netflix among them.
    It’s time to cut the crap on all of this — every one of these firms simply wants to shove their costs down your throat, whether you use their services or not.
    That’s what this is really about, you see.
    It’s obvious with Netflix, of course, but less-so with the others. Facebook, for example, has to deliver advertising — including high-bandwidth video advertising — to make money. To do that someone has to pay for the transport of the data from their servers to your computer or phone.
    Who pays?

    This post was published at Market-Ticker on 2017-07-13.