by academiaadvice Source: NAHB/Wells Fargo Housing Opportunity Index | https://www.nahb.org/research/housing-economics/housing-indexes/housing-opportunity-index.aspx | Adjusted for inflation using CPI-U: https://www.usinflationcalculator.com/inflation/consumer-price-index-and-annual-percent-changes-from-1913-to-2008/ | Tools: Excel; Datawrapper
https://www.cnbc.com/2019/08/16/bridgewater-ray-dalio-on-possible-us-recession-global-economy-investing-in-gold.html The U.S. economy is taking a turn for the worse, says Ray Dalio, founder of Bridgewater Associates. Fears of a looming recession in the U.S. were heightened after a closely watched indicator flashed a warning signal: The yield on the 10-year Treasury note briefly broke below the 2-year rate early Wednesday. Cutting interest rates … Read more
by someroastedbeef As we all know, the ECB essentially said that they going to start juicing up the economy hardcore and by no coincidence, Powell ordered a media blackout barring any Federal Reserve staff member from making any public comments on monetary policy – this is why yields have been crashing at an alarming rate … Read more
As students continue to take on thousands of dollars in debt to finance their college education, a new study reveals that New England colleges come with the biggest price tags. The rankings — compiled by LendEdu for the fourth year in a row using the annual Peterson’s financial aid survey — looked at self-reported student loan debt … Read more
via Raoul Pal: When the long-term charts all start pointing to a single event risk, I pay attention. When those charts are at the KEY level, I focus. And when they break, it is time for action… Something really BIG is going on… We are at the most important juncture in FX markets in … Read more
via dailyreckoning: China’s shock currency devaluation last week begs the following questions: Is China a rising giant of the twenty-first century poised to overtake the United States in wealth and military prowess? Or is it a house of cards preparing to implode? Conventional wisdom espouses the former. Yet, hard evidence suggests the latter. Your correspondent in … Read more
(Bloomberg) — Based on one metric, markets are in the throes of the biggest flight to safety in decades. Treasuries, gold and the Japanese yen are clocking “the largest number of outsized rallies” combined since at least 1990, according to Bank of America Corp. The latest milestone in the haven frenzy arrived this week, when … Read more
by boxer-collar For the interactive version with commentary, see https://blog.ebemunk.com/century-of-plane-crashes/ I gathered the data from ASN Aviation Safety Database and put it in a PostgreSQL database. This database contains ~22,000 records of plane crashes with varying richness of data, most of it presented in the graphs above. I made the visualizations with React and d3, which I increasingly find … Read more
by JealousEntrepreneur Markopolos is the guy who uncovered Madoff so he has some credibility. He alleges that GE has commited $38 Billion in Accounting Fraud, by collecting premiums on long term care insurance since the 80s without holding back enough or any capital to pay for those who need them 30-40 years later (now). … Read more
by Michael Snyder All of a sudden, it seems like the mainstream media just can’t stop talking about “the coming recession”. If you go to Google News and type in the word “recession”, you will literally get dozens of articles from the last couple of days with “recession” in the headline. And of course it … Read more
As part of their effort to cut back on costs, Uber will stop honoring their staff’s work anniversary with giant helium balloons, which cost the company over $200,000 a year. Instead, the company will be giving stickers to employees on their “Uberversaries,” according to a report by Crunchbase. The report comes two years after CNN highlighted anniversary balloons that “dotted” Uber’s San … Read more
another tidbit I found amusing: In January, WeWork announced it was rebranding as The We Company. It bought trademarks for "we." From whom? We Holdings LLC, an entity controlled by WeWork CEO Adam Neumann "we" cost $5.9 million https://t.co/zn9PlSjKiQ pic.twitter.com/QrbzEALOq5 — Ellen Huet (@ellenhuet) August 14, 2019 If you buy WeWork shares, you're actually buying … Read more
From the WSJ Mr. Rehn said he didn’t rule out a move to purchase equities under the QE program, but that would depend on the assessment of ECB staff.
BAML global (equity) fund manager survey (FMS) shows a record 50% of investors saying corporate balance sheets are over leveraged. Will companies be creative in their #buybacks efforts at low/sub-zero interest environnement ? h/t @Schuldensuehner @MRVAssociates @DiMartinoBooth https://t.co/agY8QsKo4K pic.twitter.com/la8LMojRqO — Mo Hossain (@MoHossain) August 14, 2019 Why Corporate Bonds Stink. Listen now to why I … Read more
via Heather Long Can the US stay solid with so much trouble around the globe? It’s a key q… Germany UK Italy Mexico Brazil Argentina Singapore South Korea Russia https://washingtonpost.com/business/2019/08/15/key-countries-are-verge-recession-driving-fears-us-could-follow/ #economy #stocks Nine major economies around the world are in recession or on the verge of one, raising fears that a global economic slowdown could … Read more
by oregon_forever Everybody says negative yield curve is bad but no one explains why that is. Banks borrow money from the Fed, central banks around the world and other entities in the short term market and lend it to people in the long-term market. Also, the interest rates of depositors is determined by short term … Read more
The ECB has learned not one lesson of decades of BOJ easing, no bond can be negative enough and bank profitability can’t suffer enough. https://t.co/Eji6SWah2r — Peter Boockvar (@pboockvar) August 15, 2019
via GreekFire23: via Jesse Felder: ‘This is the 7th time in 35 years that 30-year yields have declined by such a large degree over a 10-day span. All these instances occurred in the middle of great stress.’ https://bloomberg.com/opinion/articles/2019-08-15/markets-finally-have-their-yield-curve-inversion-now-what via Eric Basmajian: Here is our long lead (inv) vs. BBB spreads YoY. It is indicating that BBB … Read more
Cash and treasury would be the top performers in 2019. I am seeing weakness in emerging markets along with U.S. market, says Alastair Williamson to ET Now’s Aabha Bakaya and Ayesha Faridi. Listen in!
by Jeff Clark If you didn’t catch it, gold has passed the S&P 500 in year-to-date performance. Through August 12, gold is up 18.1%, while the S&P has risen 13.8%. Silver is nipping its heels, now up 10.2% YTD. But what is perhaps more significant is the one-year performance. It just might show that Wall Street … Read more
via upfina: Even though stocks have done well in the past few months outside of the recent August correction, fund managers have been consistently bearish. Either they will be proven right or the negative sentiment will provide jet fuel for a stock market rally. Perhaps a little of both, it depends on your time horizon. As … Read more
WeWork is widely expected to hold its IPO as soon as next month, joining a flurry of tech companies that have gone public this year. The company, which recently rebranded to the We Company, announced in April it had confidentially filed for an IPO. We Company reported a net loss of more than $900 million … Read more
Nancy Pelosi opposes post-Brexit free trade deal if Irish border is affected Good Friday peace agreement maintains ‘seamless’ Ireland & Northern Ireland John Bolton predicts UK and US will have an ‘unprecedented partnership’ He insisted Donald Trump would help UK cushion impact of No Deal Brexit US national security adviser strongly backed Britain’s decision to … Read more
A Danish bank has launched the world’s first negative interest rate mortgage – handing out loans to homeowners where the charge is minus 0.5% a year. Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned. Jyske Bank, … Read more