Month: September 2019

BUILDING A BRIDGE TO THE DEATH WISH ERA OF NYC: NYC’s gross subway cars are actually getting worse – and causing delays.

by

via NYPOST: It’s not your imagination — the subways are getting even grosser. Complaints of “soiled” subways are piling up, with skeeved straphangers reporting more cars caked with garbage, food spills and human waste so far in 2019 than in all of 2017, according to MTA data. Having already blown past the 1,504 reports logged … Read more

Amazon ‘smart’ doorbell company partnered with 400+ police departments to surveil your neighborhood

by

Is there anything they don’t spy on with their equipment? via RT: Over 400 US police forces have access to the video footage generated by Amazon’s “smart” Ring doorbells, creating an unprecedented – and largely unaccountable – surveillance network outside existing legal structures. Video-sharing partnerships allow law enforcement to automatically request video from Ring owners … Read more

Congress is less popular among Americans than zombies, witches, dog poop, potholes, toenail fungus, hemorrhoids, cockroaches, lice, root canals….

by

via Zerohedge: Recent polls by the Pew Charitable Trust show that: 52% of Americans have an unfavorable view of the Democratic Party, with only 45% having a favorable view Americans feel the exact same towards the Republican party (52% unfavorable and 45% favorable) As we’ve repeatedly noted: 51% of Americans know the primary process is rigged More than half of … Read more

New Jersey Will Refuse to Do Business with Banks, Retailers that Resist Stricter Gun-Control Measures

by

via nationalreview: New Jersey’s Democratic governor, Phil Murphy, is expected to sign an executive order Tuesday that will leverage the state’s purchasing power to coerce gun retailers, manufacturers, and financial institutions to comply with a more stringent gun-control regime. Under the executive order, the state, which purchases an estimated $70 million in firearms and related equipment … Read more

Dr. John Huber – How Bad is Socialism?

by

from Financial Survival Network Dr. John Huber returned to FSN. While more than half of Americans rejected socialism in a recent Gallup poll, 43% surveyed said some version of it would be good for the country. That sentiment was held by 58% of respondents ages 18 to 34, compared with just 36% of those 55 and older. … Read more

Pulp Fiction Media

by

by Raúl Ilargi Meijer It’s undoubtedly better to leave some stories alone, and this may be one of them. Putin’s spokesman Dmitry Peskov perhaps put it best when he called it “pulp fiction” (and what’s more American than that?). But this one is so exemplary of how the news is cooked up for you these days, … Read more

Germany may implement a “ shadow budget” to buy even more assets. Why anyone would invest in European equities at this point is beyond me.

by

by Crypto556 via usnews: LONDON (Reuters) – Germany’s 30-year government bond yield rose into positive territory on Tuesday for the first time in over a month, lifted by expectations for fiscal stimulus and uncertainty over whether the ECB will launch asset purchases this week. Germany can counter a possible economic crisis by injecting billions of euros … Read more

WeWork Mulls Governance Changes To Save IPO

by

https://finance.yahoo.com/news/wework-mulls-governance-changes-save-010858187.html Both of its lead financial advisers — JPMorgan Chase & Co. and Goldman Sachs Group Inc. — have concerns about proceeding with an IPO that could value the company as low as $15 billion, the people said, asking not to be identified because the talks are confidential. That’s set off a push to make … Read more

Reports of layoffs today

by

Reports of layoffs today at: * Schwab* Electrolux* Uber https://t.co/MVkVHWij8i — Carl Quintanilla (@carlquintanilla) September 11, 2019 Uber has laid off 435 employees across its product and engineering teams, the company announced today. Combined, the layoffs represent about 8% of the organization, with 170 people leaving the product team and 265 people leaving the engineering team. The … Read more

While fiscal stimulus has been providing support for economy, its impact is ebbing

by

While fiscal stimulus has been providing support for economy, its impact is ebbing@MoodysAnalytics @SoberLook pic.twitter.com/aQlok5ut8q — Liz Ann Sonders (@LizAnnSonders) September 9, 2019 – DEUTSCHE BANK SAYS ITS ECONOMISTS ARE NOW FORECASTING ANOTHER 100 BASIS POINTS OF RATE CUTS, SEE GROWTH FALLING TO BELOW 1.5% BY MID-2020, ASSUMING NO TRADE ESCALATION – DEUTSCHE BANK SAYS … Read more

China’s real estate conundrum

by

via Otavio (Tavi) Costa: Large sums of investments into non-productive assets. Property developers accumulated $245 billion in FCF losses since 2008. Meanwhile, debt levels continue to reach record levels! Our views more in-depth: https://crescat.net/necessary-normal-and-inevitable/

Two new surveys show Americans are increasingly worried about losing their jobs

by

via axios: Two separate surveys released on Monday showed an increase in the percentage of Americans worried about losing their jobs. The big picture: The surveys follow a worrisome trend in corporate downsizing that has been playing out for much of the year and picked up in August. What they’re saying: The New York Fed’s consumer credit report found … Read more

WeWork is worth 70% below where it last raised money, NYU’s ‘dean of valuation’ says

by

via CNBC: WeWork’s equity is really worth $14 billion — 70% below where it last raised money in private markets, NYU’s ‘dean of valuation’ Aswath Damodaran says. One key reason for Damodaran’s skepticism is WeWork’s real estate liabilities. By his estimates, the company has accumulated a $23.8 billion debt load, including lease commitments. “The hope is … Read more

So, You Want to Be a Homeowner?

by

By Ryan Preiss, CRPC®   Purchasing a house is one of the largest financial transactions an individual will make in his or her life. Yet, many people tend to glaze over some key points when they consider purchasing a home. These include solidly understanding where we are in our current interest rate cycle, where rates … Read more