Month: February 2019

via sacbee: Nobody is happy about PG&E’s bankruptcy filing, but California’s two biggest public pension systems are positioned to absorb losses on the utility’s stock without major repercussions. That’s because the pension funds’ multi-million dollar investments in PG&E are tiny fractions of the portfolios that CalPERS and CalSTRS control. Pacific Gas & Electric Co. and parent company … Read more

via Reuters: The Federal Reserve’s policy twist on Wednesday might seem just what the White House ordered, with a hold put on what President Donald Trump termed “loco” interest rate hikes, and an openness to ending the monthly runoff of up to $50 billion from the U.S. central bank’s balance sheet. But the story the … Read more

via Reuters: Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing threat to global growth. Weak Purchasing Managers Index (PMI) readings reinforce expectations central banks will put any further interest rate hikes on hold this year and … Read more

by [deleted] I don’t believe the elites will allow the market to crash, at least not meaningfully. Sure, there will be another 20-30% drop coming soon (almost certainly before the end of FY 2019), but not nearly as severe as the one in 2008. The reasons? 1) The wealthy who control the government want to keep … Read more

by axolotl_peyotl Were Trump’s announcements of an end to the wars in Syria and Afghanistan premature? Did Trump actually think he would be able to challenge the genocidal military industrial complex, or was he deliberately promoting false hope for a more peaceful future for humanity? via antiwar: The non-binding resolution was passed with overwhelming support from … Read more

by Question-Asking_Prof – The theory here is that there are a ton of boomers out there with fat IRAs. – Short-selling is not allowed in an IRA. – But the markets are inevitably going to correct before their retirement. (assumption) – They don’t want to lose all kind of money and potential Harley Davidsons. – … Read more

In Japan, corporate life is so intense there’s actually a word to refer to people dying from overworking: Karoshi, which literally translates to “death by overwork.” In 2013, 31-year-old journalist Miwa Sado logged 159 hours of overtime in one month at the news network NHK, before dying of heart failure in July 2013. And in … Read more