via MarketWatch: With the growth in student loans continuing to soar, politicians and borrowers struggling with an issue that’s become both a financial and political problem. Presidential candidates are proposing to cancel student debt and make public college free, state legislators are cracking down on student-loan companies and, recently, government agencies have offered another approach — teaching students and … Read more
global macro data from asia to europe and america in the last 24 hours shows deterioration – the hope for a glorious 2h rebound is so far fantasy — Alastair (@StockBoardAsset) July 2, 2019 JUST IN :#China's caixin manufacturing #PMI slipped into contractionary zone in Jun, at 49.4, prev 50.2, exp 50.1Official data released on … Read more
That’s worrying because the model has been spot on with its predictions of the 2007, 2001, early nineties, early eighties recessions via Forbes: The current U.S. economic expansion turned ten-years-old in June and is poised to become the longest U.S. economic expansion in history in July. Considering all of the threats that the economy has … Read more
The Grauniad: “‘We all suffer’: why San Francisco techies hate the city they transformed.” Though based on the first three paragraphs, there doesn’t appear to be much transformation going on here, except for the addition of e-scooters and Uber: It was a beautiful winter day in San Francisco, and Zoe was grooving to the soundtrack of the … Read more
Netflix content chief Ted Sarandos told film and TV executives big budget projects must be more cost-effective, The Information reported. Netflix is notorious for its massive content spend, but it has said it expects cash burn to peak in 2019. The reported messaging marks a shift in Netflix’s strategy, which has previously justified lower viewership … Read more
by Shaun Richards As we move into July we have been provided with a reminder that the effects of the credit crunch are still with us. That is because the benchmark ten-year yield in France closed for the week in negative territory and is 0% as I type this. It is yet another sign of … Read more
https://www.youtube.com/watch?v=yIWghdDXQbQ A UK startup claims to have pioneered the use of artificial intelligence technology to reveal whether you’re lying. It reportedly determines the hidden emotions and subtle reactions of suspects by scanning for facial “micro-expressions.” Already, the company has contacted authorities in India and the United Kingdom. Legal and media analyst Lionel of Lionel Media … Read more
“What’s odd about this is, supposedly he’s only agreed to testify for four hours — but four hours with the House Intelligence Committee and the House Judiciary Committee is not enough time to get everyone’s questions in,” he said. So, who will be left out of asking questions? HMMMM????? There’s more… Mueller refuses to testify behind … Read more
from Zero Hedge It’s official: as of this moment, the US economic expansion is now the longest on record, entering its 121st month since the end of the 2009 recession (which according to the NBER ended in June of that year), and surpassing the previous 120 month record – the March 1991 – March 2001 expansion … Read more
