by east_off Credit Card debt is a SLIPPERY as hell slope. Manage it from the beginning. Here’s what I wish someone told me but nobody did… 1) DELETE the mindset of “I’ll pay it off later… bc you won’t.” 2) unlike a car or home, CC debt compounds in the opposite direction and will not … Read more
by SP Once again we watch as the stage is set for war. Authored by Janine Jackson via Fairness & Accuracy In Reporting, Even while feigning reluctance, the foundational attitudes on which the war will be based are set in the public mind. The inevitability of the war is planted in the public mind the … Read more
so let's talk about the 2h19 recovery pic.twitter.com/Ke1zGqjDne — Alastair (@StockBoardAsset) May 20, 2019 Korean exports to: China fell -15.9% YoY (this is Korea's largest country-level MARKET) 🤢EU -19.4%, ouch 🤢Japan -1.4%US -4.4% Chips -33%Oil product -5.1%Car +12.6%Wireless telecom devices +5.2 As a very China-exposed economy, Korean exports & investment are badly hit😬 — Trinh … Read more
Lately, Instagram is one of the most powerful forces in the marketing world. In January 2019, it reached 100 million monthly active users, while the current number of users is 400 million. So, why would you still wonder why companies are dedicating time and money to promote their brand on this channel? However, brands are … Read more
by Michael Snyder If the U.S. economy is “booming” and very bright days are ahead, then why are many large U.S. corporations laying off thousands of workers? Layoffs are starting to come fast and furious now, and this is happening even though the coming recession has not even officially started yet. Of course many are … Read more
by Michael Snyder There is not going to be a trade deal between the United States and China any time soon, and that is going to mean a tremendous amount of pain for the U.S. economy. For months, hope that the U.S. and China would soon reach a trade deal helped to elevate global financial … Read more
via zerohedge: As the anti-American sloganeering reaches an unprecedented level of froth (there’s now an unofficial trade war ‘fight song’) across China, the Commerce Department has softened its anti-Huawei stance, calling for a 90-day reprieve to allow American broadband companies more time to work out a ‘Plan B’. The delay will cover continued operation of existing networks … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Just bumping along the bottom, from hopeless to hope and back to hopeless. The amazing thing with Deutsche Bank shares is this: Since 2007, so for 12 years, bottom fishers have been routinely taken out the back and shot, every time, with relentless regularity – as have big institutional investors, from … Read more
by Chris Kimble The rally off the December stock market lows has been strong, to say the least. The S&P 500 rallied 25 percent before hitting and testing the 2018 high. The old highs proved to be formidable resistance and ushered in some volatility in May… and a 5 percent pullback. In today’s 2-pack, we look … Read more
For More Information See and Links See: https://www.zerohedge.com/news/2019-05-18/five-years-prison-offending-someone-online https://www.businessinsider.com/college-board-is-adding-adversity-score-to-sat-2019-5 https://www.infowars.com/feminist-says-family-must-be-abolished-to-dismantle-capitalism/ https://www.breitbart.com/tech/2019/05/17/exclusive-facebook-includes-candace-owens-on-hate-agents-list/ http://bit.ly/2HqK5Yp https://www.dailywire.com/news/47347/walsh-pro-abortion-zealots-are-sending-me-death-matt-walsh http://bit.ly/2EmqwPg
https://www.cnbc.com/2019/05/19/deltas-test-of-free-in-flight-wi-fi-may-shame-other-airlines.html Delta Air Lines started a two-week pilot test on May 13 that includes free Wi-Fi on around 55 domestic short-, medium- and long-haul flight segments a day. In 2016, JetBlue became the first domestic airline to offer its Fly-Fi streaming-quality Wi-Fi service free on all its planes. Industry experts expect Delta will continue down … Read more
https://www.cnbc.com/2019/05/20/wedbush-tesla-facing-code-red-but-management-not-focused-on-model-3.html Tesla is “expanding into insurance, robotaxis, and other sci-fi projects/endeavors when the company instead should be laser focused on shoring up core demand for Model 3,” Wedbush says. Wedbush cut its price target on Tesla shares to $230 from $275. The firm believes Tesla reaching its end of the year is “going to be … Read more
via @trevornoren https://blogs.wsj.com/dailyshot/2019/05/15/the-daily-shot-spending-at-fast-food-establishments-accelerates-other-restaurants-see-a-slowdown/
Lacy said he has never shown the next chart before. Adding, there are certain things in economics that “hold true.” This is one of the most important charts in economics: The green line shows the national savings rate. It is currently at 3%. It is historically 6%. We are running half of normal. The shaded area … Read more
via calculatedriskblog: From the Chicago Fed: Index Points to Slower Economic Growth in April Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in April from +0.05 in March. Three of the four broad categories of indicators that make up the index decreased from March, and two of the four categories … Read more
via @TaviCosta: One of the many cracks in a debt-loaded economy near implosion. Alligator jaws always snap shut.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Tesla is steeped in chaos – and chaos is absolutely the opposite what a complex manufacturing, distribution, and retail operation needs. When bonds dive, it’s a bad sign. And Tesla’s bonds dove today to new all-time lows, and the yield spiked to new highs. In August 2017, Tesla sold $1.8 billion … Read more
Do you think it is in the best interests of the media and government to always make things seem better than they are so people don’t panic? Looking at the real scenario we have in front of us presents us with severe challenges. There doesn’t seem to be any way out of this mess at … Read more
https://twitter.com/OccupyWisdom/status/1130497584005558278
Markets are largely pricing in the likelihood of some sort of trade deal, despite the fact that the U.S. & China appear to be hardening their stances. A May @BofAML survey shows 85% of credit investors expect a deal on trade while only 10% expect escalation into trade war. — Lisa Abramowicz (@lisaabramowicz1) May 20, … Read more
by Ritwikb2 Hey guys, Bear with me, as this is somewhat a long story. TL;DR at the bottom. I purchased an Apple Watch Series 4 for $485 from Amazon March 24th 2019. I shipped it to an Amazon locker(We’ll call this “Watch Number 1”). When I picked it up at the Amazon locker, I decided … Read more
by justathoughtfromme For minors, it’s generally required for a parent to co-sign their bank accounts. Once you turn 18, it’s best to establish an account in your name ONLY, so you have sole control of it. It would even be better if you can establish the account at a different bank/credit union than the one … Read more
Total U.S. household debt is now $993 billion higher than the peak of $12.68 trillion in the third quarter of 2008, according to a new report by the New York Fed. According to the Fed’s Quarterly Report on Household Debt and Credit, household debt increased for the 19th consecutive quarter to $13.67 trillion and was “boosted … Read more