Via Casey Research Justin’s note: Beyond Meat (BYND) is soaring. The plant-based meat producer is up around 500% since the company went public in May. The company is now worth over $9 billion, and is trading at more than 80 times its trailing 12-month sales. That’s an absurd valuation. But many believe the stock could keep … Read more
President Trump says naming Jeff Sessions — an ardent supporter in 2016 — as attorney general was the biggest mistake of his first term. Mr. Trump, asked in an NBC interview if he’d like to do anything over, didn’t hesitate, signaling the former Alabama senator’s decision to recuse himself from the Russian meddling investigation still … Read more
https://www.youtube.com/watch?v=33NjYtRBLUc&feature=youtu.be Obama, Biden, Clinton were in power for 10 years and didn’t change any systems. That’s why TRUMP won the election. Sad AC
https://www.youtube.com/watch?v=DnryiEacJBg A company is recalling baby formula sold exclusively at Walmart because of concerns there could be “metal foreign matter” in some containers. https://marygreeley.com/?p=87148
https://www.youtube.com/watch?v=naOkrQ_ThTM Chris Donaldson from I Love My Freedom reports, The rapidly unraveling left is getting more bat guano crazy by the minute as the grim reality begins to sink in that resistance is futile and that President Trump is cruising toward reelection next year. The angry army of Trump haters (many of them blinded by … Read more
https://www.youtube.com/watch?v=qComxVY1VHg 100% Fed Up reports, Liberal New Yorkers are quick to offer a million reasons why American citizens should have their Second Amendment Right stripped away. Perhaps if they were on the subway when a bat-wielding homeless man began threatening them for accidentally brushing up against their bags, they might think twice about a citizen’s … Read more
Do you think that the Fed is planning on cutting rates in order to pick up inflation? Or is this because of the yield curve, a weakening economy, or other factors? There have been non-stop aggressive calls for the Fed to decrease interest rates. Considering we’re being told that the economy is doing well and … Read more
Do you think a large percentage of people are paying for things with debt and carry a balance? Today we have a record amount of debt on all levels. Whether it’s the national debt, corporate debt, or personal debt, it’s all compounding, weighing down on everyone. Today, we have the most excessive levels of debt … Read more
Blain’s Morning Porridge, by Bill Blain, of Shard Capital We’ve an exciting week’s play in prospect here in the Global Financial Markets. Highlight will be Friday’s G20 meeting and the expected/hoped for Trump Xi trade rapprochement. What if it doesn’t happen? There are a thousand and one reasons it might well still be cancelled, and just as … Read more
Authored by Richard Breslow via Bloomberg, It’s hard to tell whose bluff was called last week, but the end result is that almost every systemically important central bank did more than blink. They caved. The question is, did they do so to keep the fun alive? Because they know something that they are loathe to tell us? Or … Read more
VIDEO: “Insider Blows Whistle & Exec Reveals Google Plan to Prevent ‘Trump situation’ in 2020 on Hidden Cam” (Project Veritas) Plus: “Insider: Google Violates ‘letter of the law’ and ‘spirit of the law’ on Section 230.” https://www.projectveritas.com/2019/06/24/insider-blows-whistle-exec-reveals-google-plan-to-prevent-trump-situation-in-2020-on-hidden-cam/ WARNING: It’s very possible this video may not be up for long. You might want to download … Read more
Two German Eurofighter jets have crashed in the north-eastern state of Mecklenburg-Western Pomerania, the Interior Ministry has confirmed. The planes have fallen in a residential area, according to the German media. Two German Air Force warplanes have collided in the air over the small town of Malchow, located some 80 kilometers away from the German city … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Fed has already accomplished more with its verbiage this year than it had last time when it cut rates all the way to near-zero and did trillions of dollars of QE. And we’re seeing the first results. (11 minutes)
by Charles Hugh-Smith The asymmetries are piling up and we’re cracking under the weight. Judging by the record-high stock market and the record-low unemployment rate, the “recovery” has reached new heights of prosperity. Academics and think-tankers viewing the global economy from 40,000 feet are brimming with policies to bring the remaining laggards into the booming economy. … Read more
In other words, it’s too late. Centtal banks can cut rates and inject liquidity as much as they want, but the economic and credit cycles have turned. pic.twitter.com/Rz5d9aHfoQ — Daniel Lacalle (@dlacalle_IA) June 23, 2019 EU and US inflation expectations plunging – more bad news for the global economy pic.twitter.com/44Xl9w74W0 — Alastair (@StockBoardAsset) June 23, … Read more
There has now been a special prosecutor assigned to handle JS case. The Judge has now ordered RS to answer her about his latest contempt. The [DS] is pushing their agenda with another wrap smear campaign. Text messages were released between Hannity and Manafort. Trump has no preconditions with Iran, he is ready to talk … Read more
By MC01, a frequent commenter on WOLF STREET: In February 2019, Hyundai Heavy Industries (HHI) was selected by the Korea Development Bank (KDB) as the “sole bidder” for the ailing Daewoo Shipbuilding and Marine Engineering (DSME), in which the State-owned Korea Development Bank holds a 55.7% stake. Samsung Heavy Industries (SHH) had already announced they had no interest … Read more
The [CB] economic system is not working for the people. People are now speaking out against the establishment and the [CB]. The people want a change and they want the country to come first. Trump has now shown that he has the magic wand when it comes to the [CB] economy and is preparing to … Read more
'The world is now entering a new “dis-saving” phase, as the baby boomers start to live off their past contributions into 401(k), pension plans and the like. History suggests this phase is likely to be inflationary.' https://t.co/i3ux3pqgLv by @louis_gave pic.twitter.com/McmSVYfgA6 — Jesse Felder (@jessefelder) June 23, 2019
via @TaviCosta: Russell 2000 way off its highs is not confirming a breakout in the S&P 500. It’s a bearish distortion that spells trouble ahead.
Almost 60% of the US yield curve now inverted. Canada is about 70%; Hong Kong is 80%! Almost 60% of the US yield curve now inverted.Canada is about 70%; Hong Kong is 80%! We are at the pinnacle of a historic bubble.At any moment, the wheels will come off. Check out our latest macro presentation … Read more
https://www.businessinsider.com/amazon-truckers-low-rates-no-work-2019-6 Amazon leased 10,000 branded trailers to haul your Prime deliveries. It launched its own freight brokerage service in late 2016 or early 2017, according to a recent FreightWaves report. Freight brokers match shipments with truckers who can move the goods. But the truckers who are driving your Amazon packages across the country told Business … Read more
https://www.businessinsider.com/microsoft-reportedly-bans-employees-from-using-slack-2019-6 Microsoft does not allow its employees to use Slack, GeekWire’s Nat Levy and Todd Bishop reported, citing an internal document. While Microsoft has a rival workplace chat app, Microsoft Teams, the tech company reportedly cites security risks as the reason for its internal Slack ban. Slack named Microsoft as its primary competitor in a … Read more
Targeted firms include AMD Chinese joint venture partner Higon Move comes as provocative speech by VP Pence delayed again https://www.bloomberg.com/news/articles/2019-06-21/u-s-adds-chinese-technology-companies-to-export-blacklist
