ETC

"A Million Dollars Ain't Worth What It Used To Be..."

In today’s world, reaching the magical “millionaire” mark of a $1 million net worth is less meaningful than it used to be. In fact, roughly 9% of households in the United States have “millionaires” living in them – this is a record amount, caused partially through the devaluation of currency over time.

Scientists Find "Persuasive Evidence" Of Vote Hacking, Demand Clinton Recount In 3 States

Between the so-called 'Hursti Hack', questions over Soros-linked voting machines, some peculiarities in Texas, and the media furore over Trump's democracy-threatening questioning of the election outcome it is ironic that a group of prominent computer scientists and election lawyers are urging the Clinton campaign to call for a recount in three swing states won by Donald Trump after allegedly finding "persuasive evidence" of vote hacking.

About That "Fair Share"

There are two words that kept coming up over and over again over the last 20+ months during the US Presidential circus: “fair share”. It sounds really great, and given the voter statistics, this idea resonated with tens of millions of people. After all, who could possibly be against fairness? When you dive into the numbers, however, the data doesn’t support this assertion at all.

The Coming Financial Backlash For Silicon Valley And Much, Much More

Silicon Valley has a problem, a very big problem. And it’s not rooted in just the geographic location. Everything (and I do mean everything) that was once assumed “a given” or, “totally worth it” or, the more memorable “it’s different this time” rationales as it pertained to startups, social media, valuations, user metrics, IPOs, unicorns, etc., etc. is about to be piled onto the ever burgeoning trash-bin of history...

"Brace For Economic Disruption" SocGen Sees "Sharp Rise In Gold" As India Plans Cap On Cash Holdings

India's 'de-monetization' scheme has caused chaos across the nation, and while SocGen says the government's plan may have some short-term success in curbing so-called 'black-money', investors should "brace for economic disruption" as Bloomberg reports the Indian government is considering a cap on cash holdings for individuals. As SocGen concludes, "people will now be more inclined to park their black income in gold rather than in currency."

Welcome To The Brave New (Trumpolitical/Trumponomic) World

Meanwhile, civil war – national and global – is now raw, everywhere; social Darwinism run amok. Trump launched an IPO over the White House. Now he’s the CEO. If – and that’s a mighty if – he manages to run it like a sound business, that’s bound to be a good deal not only for the US but to the whole planet.

"Your Faith Will Be Rewarded" Says Musk As TSLA Shareholders Approve Solarcity Acquisition

Moments ago, in a webcast announcing that Tesla shareholders overwhelmingly approved the Solarcity merger, with some 85% voting for the transaction and following the proxy ISS recommendation which recommended to accept the deal, Elon Musk encapsulated the sentiment by saying "I think your faith will be rewarded. I think there will be some really amazing stuff that comes out."

3 Things: Retail Sales, Recurring Ignorance, & Return Reality

There was an awful lot of cheering about the recent retail sales report which showed an uptick of 0.8% which beat the analyst’s estimates of 0.6%. However, if we dig deeper behind the headlines more troubling trends emerge for the consumer which begins to erode the narrative of the "economy is doing great" and “there is no recession" in sight.