Latest Articles: Business/Finance
We did the math for the $450 million Powerball jackpot and concluded it's not worth buying a ticket Post Date: 2016-01-06 04:50:40 by BTP Holdings
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We did the math for the $450 million Powerball jackpot and concluded it's not worth buying a ticket Business Insider By Andy Kiersz 11 hours ago image (Thomson Reuters) You probably shouldnt do this. The Powerball lottery drawing for Wednesday evening has an estimated jackpot prize of $450 million. While thats a huge amount of money, buying a ticket is still probably a losing proposition. Consider the expected value When trying to evaluate the outcome of a risky, probabilistic event like the lottery, one of the first things to look at is expected value. The expected value of a randomly decided process is found by taking all of the possible outcomes of ...
Chinese Company Set to Buy Majority Share of Hollywood Movie Company Post Date: 2016-01-06 02:29:27 by Tatarewicz
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Sputnik...A politically powerful Chinese company with close ties to the Communist Party is set to buy a major stake in a Hollywood powerhouse production company known for their blockbuster films Investors in Legendary Entertainment have agreed to sell Dalian Wanda Group their stakes of over 50% of the company which is valued around $4 billion, the New York Times reported.The remainder of the company will continue to be owned by their existing management. The production company is best known for films such as Godzilla and Pacific Rim, and is attempting to begin working in television as well. The Dalian Wanda Group already owns AMC Cinemas and the largest ...
This Time Isn’t Different Post Date: 2016-01-05 08:37:10 by Ada
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Last year ended with a whimper on Wall Street. The S&P 500 was down 1% for the year, down 4% from its all-time high in May, and no higher than it was 13 months ago at the end of QE3. The Wall Street shysters and their mainstream media mouthpieces declare 2016 to be a rebound year, with stocks again delivering double digit returns. When havent they touted great future returns. They touted them in 2000 and 2007 too. No one earning their paycheck on Wall Street or on CNBC will point out the most obvious speculative bubble in history. John Hussman has been pointing it out for the last two years as the Fed created bubble has grown ever larger. Those still embracing the bubble will sit ...
New Year Market Turmoil Post Date: 2016-01-05 07:16:48 by Stephen Lendman
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New Year Market Turmoil by Stephen Lendman Will 2016 be the year the artificially stimulated US economic house of cards collapses? Its long overdue. What cant go on forever, wont. Markets levitate only for so long. Day of reckoning time inevitably arrives. Fed money printing madness turned Wall Street into a casino - high risk for ordinary people wanting their savings protected along with a reasonable return. Former Reagan administration Office of Management and Budget director David Stockman warns often of a coming collapse - calling Americas financial system an unstable, bubble-prone gambling arena that undermines capitalist prosperity and showers ...
Yellen's Job Puzzle: Why Are 20-Somethings Retiring? Post Date: 2016-01-04 08:41:54 by Ada
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Americans are increasingly foregoing paychecks due to disability, school or retirement< How come more people are retiring in their early 20s? Why are middle-age men becoming stay-at-home dads? What's keeping women out of the workforce other than illness, kids or school? Those are some of the questions raised in a new Bureau of Labor Statistics report that shows changes over the past decade in why people stay out of the labor force. Finding answers is key for the Federal Reserve as it maps the contours of a job market that's becoming harder to predict with the aging of the baby boomers and shifting household priorities. Here's what the bureau found, broadly: Thirty-five ...
U.S. in industrial recession; time to buy gold Post Date: 2016-01-04 05:30:03 by BTP Holdings
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U.S. in industrial recession; time to buy gold Posted on January 4, 2016 by GS Early Recently, U.S. Steel (NYSE:X) CEO Mario Longhi made the rounds of the financial shows and upped the ante on his concerns regarding the U.S. industrial metals industry. This sector has been the backbone of the U.S. economy for decades. If its sick, the whole economy is sick. Longhi runs one of the largest steel companies in the United States, and the fact is his troubles are a bellwether. Simply put, U.S. industrial strength is withering. U.S. Steels stock dropped 37 percent in November alone and 70 percent for the year. With all the great economic news we keep hearing, whats really ...
Boeing to shower shareholders with cash Post Date: 2016-01-04 03:28:53 by Tatarewicz
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RT... US aerospace giant Boeing has announced a $14 billion share buyback and 20 percent increase in its regular quarterly dividend starting 2016 to $1.09 per share. Boeing said the new buyback plan will replace the $12 billion plan that was previously in place of which $5.25 billion remained. "Once again, we are demonstrating our commitment to a balanced cash deployment strategy that fuels investments in our people, innovation and growth, and returns significant value to our shareholders," said Boeing President and Chief Executive Officer Dennis Muilenburg in a news release. "Our strategy is rooted in a foundation of strong operating performance across our business, ...
Marc Faber: Buy Bonds as Stocks Fall, Recession Hits US Post Date: 2016-01-03 19:05:24 by BTP Holdings
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Marc Faber: Buy Bonds as Stocks Fall, Recession Hits US Image: Marc Faber: Buy Bonds as Stocks Fall, Recession Hits US Marc Faber (Getty) Tuesday, 29 Dec 2015 07:13 AM Marc Faber recommends Treasurys and says the U.S. is at the start of an economic recession, clashing with Federal Reserve Chair Janet Yellens view that things are improving. Ten-year U.S. Treasurys are quite attractive because of my outlook for a weakening economy, Faber, the publisher of the Gloom, Boom & Doom Report, said in an interview with Bloomberg on Monday. I believe that were already entering a recession in the United States and U.S. stocks will fall in 2016, he said. ...
David Morgan: There is no run like a gold run… except for a silver run Post Date: 2016-01-03 09:36:41 by BTP Holdings
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David Morgan: There is no run like a gold run
except for a silver run Posted by David Morgan on December 29, 2015 · Leave a Comment Palisade Radio Host, Collin Kettell: Welcome back to another episode of Palisade Radio. This is your host Collin Kettell. Returning back on the show this week is a favorite guest of our audience. It is David Morgan with TheMorganReport.com. David, welcome back to the show. Author of The Morgan Report, David Morgan: Collin, it is great to be back. Thanks. CK: Okay, thank you for that, David. Let us start off with talking about kind of a wrap up of 2015. The year certainly did not shape up positively for gold and silver investors and the gold ...
Top 10 Predictions for 2016: Read It, This Is A Good One Post Date: 2016-01-02 18:40:15 by BTP Holdings
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Top 10 Predictions for 2016: Read It, This Is A Good One Posted by on Dec 28, 2015 10:29:12 AM At the end of the year I spend a few days reading all the IT security pundit's 2016 predictions and synthesize them with my own perspective. The Crystal Ball issue is the shortest of the year and takes the longest to write, but it's fun. Most people in this industry are very smart, and sometimes their predictions are outright hilarious. Here is one: "Toaster DDoS Attack On Coffee Maker Ruins Morning". Those short 9 words describe a whole world of Internet of Things vulnerabilities in a very funny headline. As usual, I'm donning my asbestos undies, so you can safely flame ...
Time For Torches & Pitchforks——-The Little Guy Is About To Get Monkey-Hammered Again Post Date: 2016-01-01 19:11:03 by Ada
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The reputations of Ben and Janet are going to be eviscerated in 2016. Thats because the US economy will slide into recession in defiance of every claim they have made for their snake oil monetary policies. The plain fact is, massive falsification of financial markets via their wealth effects doctrine did not levitate main street prosperity at all; it just fueled another giant speculative mania in the Wall Street casino. The prospect that the leaders of our monetary politburo are about to be tarred and feathered by economic reality might be satisfying enough if it led to the repudiation of Keynesian central planning and a thorough housecleaning at the Fed. Unfortunately, ...
German Supermarket Chain to Reintroduce Deutschmark in January, Temporarily Post Date: 2015-12-31 22:39:33 by Tatarewicz
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Sputnik... Old currencies rarely get a second life and, if they do, its usually due to political forces. In Germany, a chain of supermarkets decided to play the nostalgia card, and will accept the old Deutschmark this month. Right-wing politicians have been talking about the return of the Deutschmark (DM) ever since the introduction of euro in 2002. Fourteen years later, a supermarket chain is reportedly unintentionally making their dream come true. Almost Third of Europeans Want to Replace Euro With National Currency The move is a brief campaign in support of the old German currency and those feelings of nostalgia. Scheduled to launch January 4 by the popular Kaufland supermarkets, ...
Russia to build oil rigs for Iran in Persian Gulf Post Date: 2015-12-31 22:09:34 by Tatarewicz
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RT...Russian and Iranian ship-building companies have signed an agreement for construct oil rigs in the Persian Gulf, PressTV has reported. Under the agreement, the Russian Krasnye Barrikady (Red Barricades) shipyard will build rigs for exploration and production of oil and gas, according to Hamid Rezaian, Managing Director of Iranian shipbuilder ISOICO. The Russian company will also share some of the technology. Iran aims to boost oil exports without OPEC's blessing - minister https://t.co/yBiUxvgJQhpic.twitter.com/f3wQhrD1SR RT (@RT_com) November 18, 2015 We are ready to provide ISOICO with the necessary equipment thanks to the financial and insurance support of the ...
The Coming Financial Crisis May Cause a 90% Stock Market Drop And 50% Unemployment Post Date: 2015-12-31 11:33:12 by BTP Holdings
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URGENT WARNING: The Coming Financial Crisis May Cause a 90% Stock Market Drop And 50% Unemployment . . . Learn How To Protect Your Wealth, Your Job, And Your Family The Aftershock Survival Summit Transcription Broadcast on Newsmax Media John: Hello and welcome to Newsmax's Aftershock Survival Summit. My name is John Daly. And, I want to thank you for taking part in this very important discussion. As you know, while nobody was looking . . . Neither the Federal Reserve nor the Treasury . . . Not Congress or even the White House . . . The American economy began a catastrophic descent in 2006, as the early stages of the real estate crisis started taking shape. Two years later, in ...
TOTAL BANKRUPTCY in I O U America David Morgan Post Date: 2015-12-30 22:31:23 by BTP Holdings
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TOTAL BANKRUPTCY in I O U America David Morgan silver investor.com Published on Nov 20, 2015 David Morgan from www.themorganreport.com/ and www.silver-investor.com/ joins me to discuss the precious metals markets and the latest economic and corporate fascism in America, the land of the never-ending I.O.U. For REAL News & Information 24/7: sgtreport.com/ thelibertymill.com/ The content in my videos and on the SGTbull07 - SGTreport.com channel are provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence BEFORE making any significant investing decisions. SGTbull07 - ...
America Is Being Destroyed By Problems That Are Unaddressed Post Date: 2015-12-30 16:35:12 by Ada
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One hundred years ago European civilization, as it had been known, was ending its life in the Great War, later renamed World War I. Millions of soldiers ordered by mindless generals into the hostile arms of barbed wire and machine gun fire had left the armies stalemated in trenches. A reasonable peace could have been reached, but US President Woodrow Wilson kept the carnage going by sending fresh American soldiers to try to turn the tide against Germany in favor of the English and French. The fresh Amerian machine gun and barbed wire fodder weakened the German position, and an armistance was agreed. The Germans were promised no territorial losses and no reparations if they laid down their ...
Is Buffett Dumping Stocks? Two Moves You Need to Know About Post Date: 2015-12-30 06:21:37 by BTP Holdings
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Is Buffett Dumping Stocks? Two Moves You Need to Know About Nick Giambruno November 29, 2015 Should you copy Buffetts big bet against the dollar? Click here to find out This is a fascinating story with implications for every American
Warren Buffett one of the most successful investors of our time recently made a series of stunning financial moves
moves that suggest he could be anticipating a big movement in the value of the dollar. What is he doing exactly? Over the past couple of years, Buffett has sold off or reduced his holdings in businesses that depend on consumer spending, like Procter & Gamble and Johnson & Johnson. Hes purchased ...
Saudis predict $29 oil price in 2016 - report Post Date: 2015-12-29 23:37:06 by Tatarewicz
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RT... Saudi Arabias 2016 budget is allegedly based on an average crude price of about $29 per barrel, Bloomberg reports, quoting Riyadh-based Jadwa Investment. On Monday, Riyadh posted its next budget for next year that will see a $36 billion cut in spending, based on a $87 billion deficit. As of 8am GMT, Brent benchmark was trading at $36.75 per barrel, while US crude West Texas Intermediate stood at $36.91. In December, OPEC de facto abandoned its output limits to continue cornering the global market and ousting high-cost oil producers. Brent, the benchmark for more than half the worlds oil, is set for the lowest annual average price in 11 years, hurting energy exporting ...
New York Bankers Charged With Forging ATM Cards to Steal $400K Post Date: 2015-12-29 23:15:33 by Tatarewicz
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Sputnik... Two private bankers in New York City have been indicted for forging debit cards in order to withdraw $400,000 from bank accounts belonging to the very elderly or deceased. The bankers, Jonathan Francis, 27, and Dion Allison, 30, of JP Morgan Chase bank, allegedly targeted 15 dormant accounts, at least eight of which belong to deceased persons who were still receiving deposits from the Social Security Administration, the New York Times reported. Along with two friends, Gregory Desrameaux, 24, and Kery Phillips, 40, the men withdrew money from the accounts using ATMs located across New York City for a period of two years, with withdrawals ranging from $200 up to $2,000, ...
Weather Works Wonders for Select Investments; Will it Persist? Post Date: 2015-12-29 18:10:13 by BTP Holdings
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Weather Works Wonders for Select Investments; Will it Persist? Mike Larson | Tuesday, December 29, 2015 at 4:20 pm Its all about the weather
at least for select investments. Get a load of beaten-down natural gas, for instance. Futures prices surged by almost 10% on Monday alone. The fuel is now up by almost 30% in only six days, one of the fastest blink-of-an-eye bull markets I have ever seen. Granted, that came off a low base. Nat gas just sank to its lowest since 1999, after all. But for investors in this beaten-down commodity, theyll take what they can get. Industry execs and workers could also use a break, considering the nat-gas-drilling rig count just sank to the ...
Top Risks to the U.S. Economy in 2016 Post Date: 2015-12-29 07:02:28 by BTP Holdings
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Top Risks to the U.S. Economy in 2016 Published Tue, Dec 29, 2015 | Alan Gula, Chief Income Analyst Share Print This Post Email This Post U.S. Economy: Top Risks to Watch Out for in 2016 If Federal Reserve Chair Janet Yellen were incapable of telling a lie, she might say something like, We appear perpetually optimistic because were afraid of the market reaction if everyone found out what we really think. Dishonesty would certainly help to explain the Feds atrocious economic forecasts. In December 2014, the Fed governors expected the economy to expand at a pace of 2.6% to 3.0% (central tendency of real GDP growth). Actual 2015 growth will wind up around 2.1%. ...
What a Lackluster 2015 Says About Market Prospects for 2016 Post Date: 2015-12-28 20:14:25 by BTP Holdings
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What a Lackluster 2015 Says About Market Prospects for 2016 Mike Larson | Monday, December 28, 2015 at 4:20 pm Can you believe 2015 is almost over? It seems like only yesterday we were ringing in the year. Now, were about to watch the ball drop in Times Square again, and close the books on it. Sadly for Wall Street, it hasnt been much of a year to celebrate. The Nasdaq Composite has managed to rack up a few percentage points worth of gains. But the Dow Jones Industrial Average and Standard & Poors 500 Index have barely budged. The Dow Jones Transportation and Dow Jones Utility Index have gotten pasted. And the Russell 2000 has struggled for several months now. Why ...
Royalties: Bridging the Gold Price Mismatch Post Date: 2015-12-28 19:56:01 by BTP Holdings
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Royalties: Bridging the Gold Price Mismatch By Adam English | Monday, December 28, 2015 We're heading into what is normally a week of extremes. A whole lot of people have taken off and closed the books for the year. Nearly everyone else is frantically trying to shore up their yearly numbers, or soaking up the day-to-day duties of their coworkers in a short work week. With that in mind on this Monday, let's keep this relatively short and sweet. I'm going to point out an often overlooked gold play. It bridges one of the biggest mismatches between gold producers and the metal itself. Take a look at this chart and you'll see it, clear as day: gld gdx mismatch chart Gold ...
Sputnik Poll Post Date: 2015-12-28 06:34:35 by Tatarewicz
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Falling oil prices are: A natural outcome of ever growing competition on the global market 15.3% (559) A conspiracy between the US & OPEC aimed to push other producers out of the market 84.2% (3087) Voted: 3665 sputniknews.com/
Switzerland: Poised for a revolution? Post Date: 2015-12-28 00:28:11 by Tatarewicz
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RT... When Iceland jailed its bankers something changed. The unthinkable had happened: the real criminals had been held to account. Now Switzerland is also threatening to go off the fiat-bankster reservation. But will it happen? Josiah Stamp once said: If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit. Stamp knew whereof he spoke. Among his achievements, he was appointed a director of the Bank of England in 1928. All so-called modern, civilized countries are under the boot of the very mechanism Stamp described. Very few countries managed to achieve highly developed societies ...
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