Shares of meal-kit delivery company Blue Apron declined below $1 this week for the first time, making it one of the worst well-known IPOs of recent years. The company went public in a deal that valued the start-up at $10 per share and close to $2 billion in June 2017. There were warning signs: the … Read more
Chart: https://imgur.com/iEhmmxd Source with a lot of interesting charts: Uber Is Going Public: How Today’s Tech I.P.O.s Differ From the Dot-Com Boom Not since the dot-com boom have so many richly valued tech companies gone public in such short succession: Lyft and Pinterest are now trading shares, and soon Slack, WeWork and Palantir are expected to follow. … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Now even the surface of the market has softened, not just the underlying dynamics. Back in August 2018, I stuck my neck out and said that the housing market in Sonoma County in the San Francisco Bay Area had experienced a turning point in July, based on data and boots-on-the-ground observations by … Read more
via Zerohedge: Ask any banker (or analyst) what the difference is between a junk bond and a loan, and you’ll most likely get a blank start in response: starting with the size of the loan market, which is now virtually identical to that of the high yield bond market, continuing through the standardization of loan … Read more
BY JOHN RUBINO Brian Reynolds on the coming pension crisis … Richard Wolf explains Modern Monetary Theory … Peter Schiff on the #DropGold campaign … Nate Hagens: Earth vs the amoeba … Michael Pento predicts “epic and massive crash in asset prices” …
via Zerohedge: Following last month’s disastrous starts and permits data, Tuesday’s release of the S&P/Case–Shiller US National Home Price Index hinted at a nasty slowdown in all 20 metropolitan regions the index tracks, indicating that the era of double-digit growth is coming to an end. Case-Shiller’s 20-City Composite expanded at just 3.00% YoY in January (just … Read more
by Charles Hugh-Smith Our expectations have continued ever higher even as the pie is shrinking.. Let’s see if we can tie together four social dynamics: the elite college admissions scandal, the decline in social mobility, the rising sense of entitlement and the unrealistically ‘great expectations’ of many Americans. As many have noted, the nation’s financial and … Read more
Rachel Maddow: “Just think of John Bolton as a human being.” AC
by Lynette Zang of ITM Trading Ignorance of financial plumbing does not make you immune, it just leaves your fiat wealth vulnerable to confiscation. If you can see the risk and what the smartest guys on money are doing for themselves, you can emulate them and most likely be in the best position when the next financial crisis … Read more
by Frank Holmes, CEO, U.S. Global Investors The U.S. economy is growing at one of the fastest rates in the developed world right now, and unemployment hit a nearly 50-year low of 3.6 percent in April. Under normal circumstances, this should boost demand for domestic equities. Some investors, however, are hesitant to participate due to … Read more
Holy Hypocrisy! The Political Class are the 1% (Link to article below) https://www.huffingtonpost.ca/2019/05/01/chrystia-freeland-taxes-rich_a_23720034/?ncid=other_twitter_cooo9wqtham&utm_campaign=share_twitter
China has the world’s fastest and largest high-speed rail network — more than 19,000 miles, the vast majority of which was built in the past decade. Japan’s bullet trains can reach nearly 200 miles per hour and date to the 1960s. They have moved more than 9 billion people without a single passenger causality. casualty … Read more
By Dagny Taggart Every year, tens of thousands of Americans get sick from zoonotic diseases. Also known as zoonoses, these are infectious diseases that are spread between animals and people. Zoonotic diseases are caused by harmful microbes like viruses, bacteria, parasites, and fungi. They can cause many different types of illnesses in people and animals … Read more
by Troy The stock market has now fallen -3.9%, which is almost to the normal -5% level of what most traders define as a “correction”. Meanwhile, the charts look like they’re making a potential “bull trap”. Combined with the fact that the S&P today is still where it was in January 2018, many traders are … Read more
by John Ward Force the responsibility for a clear Brexit decision back where it belongs: onto a reconfigured Parliament. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ Since 2016, we have had a Parliament based on lies: about how David Cameron departed, about why Theresa May called the last Election, about honouring a Referendum, about a Withdrawal Agreement dictated by the Unelected State, … Read more
Have Tyson’s chicken strips jumped the shard? Tyson Foods Inc. TSN, +0.44% the producer of processed meats, will recall nearly 12 million pounds of frozen, ready-to-eat chicken strip products due to metal contamination concerns, the U.S. Department of Agriculture said over the weekend. The recall was expanded from a recall of 70,000 pounds (or 35 tons) of chicken … Read more
That’s a lot of green. A California couple was ordered to pay nearly $600,000 for uprooting — and killing — a 180-year-old oak tree that sat on protected property during construction of their multi-million dollar ranch. Peter and Toni Thompson had the sprawling heritage oak tree uprooted and bound so it could be relocated to … Read more
By Rodney Johnson I recently had dinner with my extended family. Afterwards, my parents mentioned they were surprised at how expensive the meal had been. It was a nice restaurant, but nothing fancy. It worked out to roughly $50 apiece, before tip. As we left, we separately climbed into our newish cars, which all cost … Read more
by DCG How is Spartacus going to ensure that criminals comply with this fantasy? From Yahoo: Democratic presidential candidate Cory Booker is proposing that all gun owners be licensed by the federal government, a process that would include an interview and safety training. National licensing is one of more than a dozen specific proposals in a sweeping … Read more
via fee.org: It’s hard to escape the good economic news these days. New reports show that in the first quarter of 2019, the U.S. economy grewby 3.2 percent, outpacing expectations by almost a full percentage point. In the month of April, unemployment fell to a 50-year low of 3.6 percent. Businesses continue to add hundreds of thousands of jobs month after … Read more
https://www.youtube.com/watch?v=cp5RiB4umjQ How America has repeatedly abandoned its professed commitments to peace.
by Michael Snyder At 12:01 AM eastern time on Friday, President Trump followed through on his threats and hit China with a massive tariff increase. As you will see below, China immediately pledged to retaliate. U.S. and Chinese officials will continue to negotiate throughout the day on Friday, but if U.S. officials were optimistic that … Read more
Per Republican house leadership Boehner, McConnell, Paul Ryan. Republican leadership specifically blocked all subpoenas of anything by the DOJ to protect democrats… h/t Jake
by Troy With the stock market down approximately 3% from its all-time high, this is the first pullback of 2019. The short term is quite hard to predict right now given that news can drive the market in either way, but here’s a look at several short term factors. Go here to understand our fundamentals-driven long … Read more