With the global economy slowing down, an analysis by S&P Global Market Intelligence finds unrated borrowers showing an increasing risk of defaults. Small companies without credit ratings are likely to be the first victims in an economic downturn, says Michelle Cheong of S&P Global Market Intelligence. She says unrated firms in China, the U.K. and … Read more
via Kevin C. Smith, CFA:
https://www.youtube.com/watch?v=wMJr7aNjcLQ Molly Prince from The Daily Wire reports, President Donald Trump signed legislation on Monday ensuring that the 9/11 Victim Compensation Fund remains solvent through 2092, thereby virtually ensuring permanent financial support for first responders and their families. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/50013/…
by Natura Naturans The clueless global warming fraudsters will be chagrined by this fact, the best temperature record of NOAA with the best siting, the best thermometers, shows a cooling in the US from 2005: A review of state-of-the-art climate data tells a different story than what NOAA tells the public. While media outlets scream “hottest … Read more
by FS As the financial world waits to see what the Fed’s planned for interest rates, expectations of a recession are growing. Financial Sense Newshour spoke with Ari Wald of Oppenheimer & Co., and Ryan Sweet at Moody’s Analytics, to gage their perspectives on current conditions and how future rate cuts may play out later this year. … Read more
via Trinh Nguyen: Worst sectors in H1: a) Petroleum processing -56%(worsening)🥶 b)Other mining -44% (improving) c) Non ferrous metals -38(improving) d) Chemical fibers -25% (worsening)🥶 e) Metal products -15 ((worsening)🥶 f) Textile -26% (some stabilization) 🥶 Bottom line regarding industrial profits in H1: a) Policy support is working to help stabilize some downstream sectors & … Read more
via @FGMR: Fed debt rising faster than GDP since the financial crisis. With the debt ceiling removed until July’21 we are now in Mises crack-up-boom territory (link: https://kingworldnews.com/james-turk-historic-news-just-announced-that-will-not-only-impact-gold-but-also-the-world/) kingworldnews.com/james-turk-his…
Insiders and “Original Investors” are cashing out. Better sell this soon before this craters. Please do not loose your money. (I am NOT short BYND and as a customer want this company/sector to succeed). The lockout period was supposed to end in October, but insiders could not wait out the sky high valuation. Why do … Read more
via CNBC: Share buybacks are expected to approach $1 trillion this year, according to Goldman Sachs. Funding is coming from a record drawdown in cash as well as a rise in gross debt and leverage. Buybacks have exceeded free cash flow for the first time since the financial crisis. U.S. companies are on pace to … Read more