Chinese Hotel: 6 Days to Build

"Pay attention to how few workers are visible in any stage of production. There is no way that these techniques will not be adopted all over the world. Nobody is going to give China this kind of competitive edge. These techniques are going to be imitated. It means the end of today’s technology. Today’s technology is labor-intensive. This will not be true by 2030. The next step will be the adoption of these techniques for housing developments. The construction industry will work out the bugs in high-level projects. Then these techniques will be adopted by housing developers as the price of the tools continues to drop." Continue reading

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John Hussman: The Most Broadly Overvalued Moment in Market History

"As long as investors are comfortable with expected S&P 500 10-12 year total returns of less than 1% annually, with likely interim losses on the order of 50-60%, investors are free to label this situation as 'fairly valued' or with any other phrase they wish." Continue reading

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Trump comes out in support of Ex-Im Bank, reversing campaign rhetoric

"On Thursday, two Democratic senators said that Trump indicated he would support the bank following a lunch with lawmakers on Capitol Hill. In addition, they said Trump promised to fill two vacant seats on the bank's board, which in the meantime is barred from financing deals of more than $10 million. 'I specifically talked with the president about the need to get the Export-Import Bank up and running,' Sen. Heidi Heitkamp of North Dakota said. 'It's great news he agreed.' Though the bank said that 90 percent of its authorizations are for small businesses, Boeing is one of its biggest beneficiaries." Continue reading

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How Trump Filled The Swamp

"With promises to 'drain the swamp!' still ringing in our ears, we have watched Trump appoint nothing but Goldman banksters, Soros stooges, neocon war hawks and police state zealots to head his cabinet. Join us this week on The Corbett Report as we examine the swamp-dwellers with which Trump has filled his swamp." Continue reading

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Draghi Says A Country Can Leave Eurozone But Must “Settle Bill First”

"Suddenly the ECB has made it clear that Italy's gain in a 'hypothetical' Euro zone exit would be a tremendous loss for Berlin and Merkel. We are confident that the question of 'how much' preventing such a loss would be worth to Merkel, will emerge in very short order. As for what Draghi's statement means for countries with a far smaller Target2 liability which may also consider exiting the monetary union, the answer is two words: 'green light.'" Continue reading

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How can anyone trust banks?

"What I’m about to tell you is a true story. And by the end of it, I hope it will be pretty clear that we’ve been programmed to put far, far too much trust in the banking system. As my story will show you, they act with a sanctimonious sense of self-entitlement… that it’s no longer YOUR money in the bank. It’s their money. And they’re going to do whatever they damn well please with it." Continue reading

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