Footage of Savage Killer Shooting Innocent People at Munich Mcdonalds

These are horrible people, the very worst people in the world.

Police are telling people to avoid all public places and to lock themselves up at home.

Reports suggest at least a dozen are dead. German officials aren’t giving many details at the moment.

All we know now, multiple shooters, at least 3, killing innocent people. First thing that comes to mind is tet offensive. The barbarians from ISIS are conducting operations on a wide scale.

The men, who are still at large, were wearing all black and black mask. Although the identity of the killers hasn’t been revealed yet, dollars to donuts, the religion of peace has inspired these lunatics to kill in the name of their God.

Americans have never been richer. Household wealth stands at $20 trillion, mostly in the well to do coastal cities of this great steak’d nation. There are some who believe this peak wealth statistic is a harbinger of doom, one that speaks to excess in the financial cycle, disconnected from the economics.

Since 2009, households have seen their holdings of stock and mutual funds nearly double, to $20.6 trillion. Only 6 percent of that gain can be ascribed to new flows of money into the funds or share purchases, according to calculations by Carson, director of global economic research at AllianceBernstein LP in New York. The rest is due to price appreciation.

As a share of disposable personal income, household net worth hit a record high 652.7 percent in the first quarter of last year. (For comparison purposes, the high during the housing boom was 648.3 percent at the end of 2006.) It’s since slipped, to 640.4 percent on March 31 of this year, as equity and house price gains have slowed

Does this graph mean anything? Trying to not be such an intolerable cynic here, isn’t it entirely possible that household wealth, the very thing the Fed has been trying to buoy, might continue to surge upwards to new levels? Or, does that way of thinking fall into the ipso facto world of ‘this time is different’, which we both know rarely happens?

Some might argue the data points Joe Lavorgna are worried about are completely useless stuff, backward looking subterfuge. However, Joe wants all of us to give recession a chance.

Hey, anything can happen, right?

According to the firm’s Chief U.S. Economist Joseph LaVorgna, looking at the index of leading economic indicators — a measure by the Conference Board that includes economic indicators believed to change before the broader business cycle — brings cause for concern.

“While consumer spending was relatively sturdy in the second quarter and nonfarm payroll growth rebounded solidly last month, the downward trend in the growth rate of the LEI indicates that near-term risks to growth remain to the downside,” he writes.

Here’s a chart from the note, where recessions are shaded in grey. “As the chart below illustrates, in the past two business cycles, an outright year-over-year decline in the LEI after a prolonged period of growth has presaged recession,” LaVorgna says.

As of right now, recession doesn’t look likely. However, should we dive lower towards the end of 2016, fueled by energy prices falling to levels that place a sundry of American oil companies in financial distress, the narrative will quickly change from one of recovery to wrought with panic.

It’s hard to take such a bad firm seriously. I mean, really, Wedbush Morgan is the Rodney Dangerfield of investment banks. You know it. I know it.

Their scatter brained skepticism on Nintendo and Pokemon Go are, generally, incomprehensible. We all knew that Nintendo had a partner and everyone knew the revenue split. What exactly is new here, other than valuation?

Wedbush is skeptical about the game’s staying power and economics with Nintendo booking only modest profits from Pokémon Go and likely struggling to achieve its FY:17 guidance given its bullish 3DS software expectations and the potential for NX to slip out of the year Niantic is the publisher of the game and likely pays The Pokémon Company a royalty for the underlying IP. In addition, mobile revenues are split 70% / 30% between the publisher and the applicable storefront. Assuming Nintendo owns 32% of Niantic, matching its stake in The Pokémon Company, they believe that in a best case scenario Nintendo would be entitled to 22.4% of revenues or profits (70% times 32%), and any benefit will likely show up in non-operating income.

I’m not a fan of buying into a 100% melt up. But I do recognize when something special takes hold of people. Pokemon Go is something Nintendo will profit from, immensely. The question is, how sustainable is the hype?

They’ve been bullish on the stock since 2013. However, their price target has been achieved and they feel the risk reward no longer favors investors at these levels. As such, they’ve downgraded the stock and have quietly removed a price target.

BTIG Research downgrades FB to Neutral from Buy noting “While we were SELL rated on Facebook after its IPO due to concerns over it ability to pivot to mobile, we reversed to a BUY rating in October 2013, with the stock at $49.40. With Facebook stock now over $120, exceeding the $117 price target we set one year ago this week, we believe the risk/reward is no longer compelling. Facebook remains one of the only ways to play the shift of legacy media ad dollars to mobile and its advertising growth rate remains staggeringly high, especially for a $348 billion market cap company. However, investor expectations over the past year have risen dramatically and we now feel the bar is simply too high. In turn, we are downgrading the stock to Neutral from Buy and removing our price target.”

The company has been the dominant recipient of ad dollars for social media, period. BTIG would like nothing more than for them to suffer a pig’s death now, in order to look right and the lecture all of us about the virtues of risk analysis.

I agree with everything he said here. Look for domestic companies with little to no Chinese exposure. I like X and have said so inside Exodus. Also, I like military and infrastructure plays. I’ll provide the plebs here with a far reaching list of stocks the closer we get to the election.

A Hillary Clinton administration will be status quo and probably be better for stocks in the near term. Longer term, her Presidency will light the fire to the keg that blows us all to smithereens, however.

God bless Robert Parker

Admittedly, I’m a bit of a Bob Parker fan. For years, whenever Bob is on the radio or on my teevee, I stop whatever I’m doing to listen and hang onto every word her says, like a child. Most of the people on the teevee or radio get a Bronx cheer from me. I’ve been known to throw things at the teevee and have often had long, one sided, debates with my car stereo, where I’d tell whichever fuckhead was on the radio how truly stupid he/she was.

But Bob has never disappointed, ever. Like me, he’s always right and he is a blessing to the investment world as one of the few true great minds in all of finance.

In this clip, he describes the magnitude of the Italian banking crisis and how they need a bailout. He also wouldn’t rule out a banking failure of a very large magnitude in the meat ball’d state.

God bless Robert Parker.

SHOTS FIRED.

Here is Donald Trump’s 2016 GOP acceptance speech, in its entirety.

For those of you uninterested in the long version, here is my favorite part of his speech.

On the day after the attacks, the media narrative was one of a confused and deranged man snapping and committing heinous acts of murder against his fellow citizens. They left out the part that he’s from Tunisia or the fact that he did this in the name of his God, on behalf of the most violent religion in the history of mankind. There were numerous stories about how bad of a muslim he was. By golly, he ate pork, had homosexual proclivities, and drank a lot of booze. Therefore, he couldn’t possibly be a soldier of ISIS.

Prosecutor Francois Molins said the five suspects currently in custody face preliminary terrorism charges for their alleged roles in helping the 31-year-old in the July 14 attack in the southern French city.

Molins’ office, which oversees terrorism investigations, opened a judicial inquiry Thursday into a battery of charges for the suspects, including complicity to murder and possessing weapons tied to a terrorist enterprise.

The suspects are four men two Franco-Tunisians, a Tunisian and an Albanian and one woman of dual French-Albanian nationality.

“Investigations have not only confirmed the premeditated nature of the attack, but allowed us to establish that (Bouhlel) had support and accomplices in the preparation and execution of his criminal act.”

Examination of the terrorist’s mobile phone showed he had taken pictures at a Bastille Day fireworks display in Nice last year, as well as on a concert on the Promenade des Anglais on July 17, 2015.

On April 4, another Tunisian, Chokri C, 37, had sent Bouhlel a Facebook message reading: “Load the truck with 2,000 tonnes of iron… release the brakes my friend and I will watch.”

Hours after the attack, the same man filmed the bloody scene on the promenade.

There’s the truth. This was a well thought out plan, something that was discussed and strategized for more than a year, by agents of ISIS. Anything to suggest otherwise is a bald faced lie.