by dvdmovie1 16 years of mediocrity (and that’s being generous) from Immelt. GE was the worst stock in the Dow during his time there (https://www.marketwatch.com/story/ges-stock-is-the-worst-dow-performer-since-immelt-took-charge-2017-06-12) and now it’s no longer in the Dow. I think there was not appreciation of the view that I’ve had on GE that bad/mediocre management, left for long enough, starts to … Read more
https://www.youtube.com/watch?v=eZ83JPIdZqA&t=307s&pbjreload=10 “The company claims its cars have similar performances as Tesla’s, but at half the sticker price. The ES8 sells at a base price of 448,000 yuan (about US$66,000), while Tesla’s Model X has a base price of about 920,000 yuan in China.” – https://www.scmp.com/business/companies/article/2161816/chinese-ev-maker-nio-steps-accelerator-seek-us132-billion-us-ipo
Article: https://www.marketwatch.com/story/the-road-to-fresh-stock-market-highs-is-littered-with-these-awful-correction-calls-2018-08-28
Bruce Ohr, the one time high ranking Department of Justice (DOJ) official, testified behind closed doors this week on Capitol Hill. In hours of sworn testimony Ohr, said that the Trump Dossier was basically a fraud that should not have been used in a court of law. That didn’t stop the FBI and DOJ from … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Rents plunge in Chicago, Honolulu, New York, Washington DC, and others, but surge in many markets. Across the US in August, the median asking rent for 1-bedroom apartments rose 2.2% from a year ago, to $1,209. For two-bedroom apartments, it rose 3.2% to $1,447. But national numbers average away the often-double-digit drama, up and … Read more
by Charles Hugh-Smith The only possible output of this system is extortion as a way of life. As the accompanying chart shows, productivity in the U.S. has been declining since the early 2000s. This trend mystifies economists, as the tremendous investments in software, robotics, networks and mobile computing would be expected to boost productivity, as these … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Peso collapses despite the $50-billion IMF bailout and the central bank’s 45% interest rate. Just when you think Argentina’s financial crisis can’t get worse, it gets a whole lot worse. In order to halt the peso from collapsing further, the IMF, after some serious begging from the government, had agreed to … Read more
The original group of PayPal founders and employees who have gone on to become one of the most successful groups of individuals in the world. The portfolio of companies they’ve founded includes; Tesla, Youtube, Space X, Linkedin, Yelp, and Founders Fund, to name a few. “PayPal Mafia” is a term used to indicate a … Read more
by Michael Snyder After a little bit of a lull, the international currency crisis is back with a vengeance. Currencies are collapsing in Argentina, Brazil, India, Turkey and other emerging markets, and central banks are springing into action. It is being hoped that the financial chaos can be confined to emerging markets so that it … Read more
by Chris Black Well, that didn’t take long. Following the global uproar in the aftermath of the Masters of the Universe banning and censoring conservatives left and right on their social media platforms (Alex Jones comes to mind, but there are many unsung heroes in the alternative media wars), President Trump dropped the hammer … Read more