Month: July 2019

German businesses are the least confident about the economic outlook in a decade.

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by JealousEntrepreneur Not the US, but this is a worsening sign for a global economic slowdown as the 3rd biggest exporter in the world is on the brink of a recession. ​ Source: https://www.bloomberg.com/news/articles/2019-07-25/german-business-confidence-deteriorates-as-factory-slump-deepens ​ Ifo expectations index plunges to 92.2, lowest since 2009. German companies’ business outlook tumbled to the lowest in a decade, adding … Read more

The World Is In Free Fall – There Are No Indications At The Moment A Bottom Is In – US Recession Possible In 1 Year

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via @StockBoardAsset: U.S. Economic Growth Seen Stumbling… KGI: US Recession possible in 1 year – fig 1/2 show global economy rapidly slowing   Nearly 300 Chinese property developers go bankrupt this year amid liquidity crunch Chinese authorities have been tightening financing rules for real estate developers to curb risks in the sector and prevent the … Read more

The Biggest Corporate Debts Visualized in One Chart

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via howmuch In the first quarter of 2019, the total private and public debt of the United States hit a record $70 trillion, raising concerns about the possibility of widespread defaults. Non-financial corporate businesses hold about $9 trillion of that debt. What companies are holding the most debt, and which are more concerning? Of the four firms with … Read more

Undercover Reporter Exposes Chaos Of Being A Bike-Riding Food-App Deliveryman In NYC

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via Zerohedge: Once you’re looking for them, it’s difficult not to notice a slew of food app delivery riders all across New York City. A New York Times reporter went undercover this past spring to try and learn about the occupation and how technology was transforming food delivery. The article calls delivery riders a “street-level manifestation of an overturned industry, as restaurants … Read more

Puerto Rico gov resigns after weeks of protests over obscene chats.. ‘Rickyleaks’

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Embattled Puerto Rico Gov. Ricardo Rosselló resigns amid public outcry SAN JUAN, Puerto Rico — Puerto Rico Gov. Ricardo Rosselló announced his resignation Wednesday days after demonstrators at the island’s largest protest in recent history called for his ouster over a scandal involving leaked private chats as well as corruption investigations and arrests. His resignation, effective Aug. 2, came late Wednesday night … Read more

An “Earnings Recession” Is Here – Big Companies All Over America Are Reporting Disastrous Financial Results

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by Michael Snyder If the U.S. economy really was “booming”, then corporate earnings would be rising.  But that isn’t happening.  In fact, we haven’t seen corporate earnings fall like this since the last recession.  They fell during the first quarter of this year, and based on the results we have so far, it appears that … Read more

“History suggests that investors should not wait for confirmation of a recession before getting more defensive in their asset allocation.”

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This is a quote from page 6 of the Recession Playbook. http://www.mediafire.com/file/5py1d1zrii5rr1a/The_Recession_Playbook.pdf/file They also say that you need to buy into bonds before a recession is officially announced because bonds would have appreciated already by then. Otherwise you are just gonna be selling low (equities) and buying high (bonds). ​ Is it time to increase … Read more

Long term short Oracle

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by Wyxuan Oracle is a terrible company. It primarily offers cloud services to various industries for supply chain management, CRM, etc. However, those cloud services aren’t particularly good value, as no sane startup is willing to take on such an expensive and poorly developed tech. GCP, AWS, and Azure are considered much better than Oracle. … Read more

Is a Bad Moon Rising for the Stock Market?

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By Chris Puplava, FS As a follow-up to my last article (US Stock Market Showing Tech-Bubble Divergence), further warning signs are continuing to build that give us caution on the outlook for equities. High yield option-adjusted spreads (OAS) are not confirming the new high in the S&P 500 and have worsened over the last three … Read more

Ex-US Congressman Ron Paul on Mueller’s testimony in Congress

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https://www.youtube.com/watch?v=egjbkJ8mTFc   Democrats expected Russiagate fireworks from former special counsel Robert Mueller’s long-awaited testimony on Capitol Hill, but were once again disappointed, witnessing only the last fizzles of a dying conspiracy theory. Many in the media had massively hyped Mueller’s appearance, believing that his confident and clear testimony would make for must-watch television. Yet, when … Read more

Big Tech Crackdown & Deutsche Bank’s Downfall

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https://www.youtube.com/watch?v=d9Wo9kmA9Qs  Big tech is in the crosshairs of the DOJ as the U.S. has opened a review into antitrust practices. Professor Richard Wolff is on hand to break down the case and what the merger and monopolies mean for the tech economy. Plus, the news keeps going down for Deutsche Bank as new reports reveal … Read more