Apple may be set to introduce new models of iPhones, but Bill Hudgins has no interest. He’s got himself an iPhone 5S, the phone that Apple stopped supporting in September 2018 with software updates, bug fixes and the like. “I haven’t noticed a problem,” says the retired Nashville area writer. “I’m happy with it. It works … Read more
via breitbart: This week starts the NFL’s 100th season, but some teams seem to still be finding a awful lot of empty seats. As the Cleveland Browns took on — and lost 43-13 to — the Tennessee Titans at FirstEnergy Stadium, for instance, fans took to social media to express their shock at the number of empty seats: … Read more
by Simon Black via Sovereign Man Buckle up, this one’s going to be entertaining… because I should have called this note “Why you should always read the fine print.” This morning I read through the prospectus and annual reports of the most popular Gold ETFs in the world. First, some background: ETF stands for ‘exchange-traded fund’. It’s sort … Read more
Bloomberg, Released on 9/5/19 Robert Shiller, professor of economics at Yale University, discusses the U.S.-China trade war, the economy, consumer spending and the U.S. housing market. Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale … Read more
1) They’re not buying brand-new cars 2) And they’re not leasing a new car constantly, either 3) They won’t buy houses they can’t afford 4) They’re not buying things on credit that they can’t pay for 5) They’re not buying luxury goods from brand-name designers 6) And they’re less likely to load up on material … Read more
by Michael Snyder For a long time a great battle has been fought to determine the future direction of this country, and at this point one thing has become exceedingly clear. America is never going to be the country that it once was. Of course for millions of Americans this is actually very welcome news, … Read more
via Zerohedge: The US subprime auto industry is doing everything in its power to recreate another 2008 crisis. After all, it takes a (Potemkin) village. One of the largest subprime auto finance companies, Santander Consumer USA Holdings, verified the income on less than 3% of borrowers this year, according to Bloomberg. And in painfully vivid shares of 2008, it … Read more
The [DS]/[CB] believe they have BJ, but there maybe one last card that BJ can play and it seems that Trump might have known about this the entire time, did he help him to discover this little gem. Trump is preparing the economy for the transition, to do this he needs to remove as many … Read more
The [DS] is now going all out to stop Trump, Nadler is pushing impeachment, Rep Collins says there is nothing to push. Trump has a challenger in the Presidential race and Trump hits him hard. Trump releases messages to the people directly bypassing the MSM. The new DHS protocol will cut down on the undocumented … Read more
via Zerohedge: Having squeezed higher overnight and accelerated after the US open, it appears the catalyst for the sudden dump in US equity markets is the European market close… Nasdaq futures illustrate the technical nature of the move best as the drop erases the sudden spike at the US open on Friday (after payrolls missed)… As … Read more
Submitted by Adventures in Capitalism Over the past few months, we’ve learned a lot about the psyche of the typical Ponzi Sector investor. You see, Ponzi sector investors will ignore most red flags, even at a company like WeWork, with more red flags than a Soviet May Day parade; Super-voting stock – Zuck did that and it … Read more
by howmuch As the U.S. continues to impose tariffs on goods from China, and vice versa, both countries are raising the stakes of the ongoing trade war. The new 15% tariff on Chinese goods just kicked in, and Asian markets are already feeling the effects. But the U.S. economy is also affected by these ever-escalating tariffs. Our newest visualization … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Californians have had it with PG&E, a convicted felon infamous for sacrificing safety, maintenance, reliability, and people to enhance “shareholder value.” But is San Francisco overpaying? Take a look. This – the offer made on Sunday – has been kicked around in San Francisco since the catastrophic wildfire in Butte County … Read more
by Michael Snyder It’s happening again. Just like last time around, the head of the Federal Reserve is telling us that there won’t be a recession even though all of the evidence suggests otherwise. Just before the recession of 2008, Federal Reserve Chair Ben Bernanke told the country that “the Federal Reserve is not currently forecasting … Read more
by ComicalEconomical TL;DR at the bottom. Point 1: Defaults in China have been accelerating aggressively, and through July 2019, 274 real estate developers filed for bankruptcy, up 50% over last year. A bonus? Many Chinese state controlled banks have been filing for bankruptcy as well. Just google “china bank defaults” or something similar. Notice how many articles there are … Read more
by gubbsbe Source and graphs: JPMorgan has a new index — called the “Volfefe Index” — that measures Trump’s tweets and their impact on bond volatility. (1/x) pic.twitter.com/D37ocdebxk — Carl Quintanilla (@carlquintanilla) September 8, 2019
via Kevin C. Smith, CFA: The macro data has turned down materially. It’s too late for a Fed mid-cycle adjustment to keep the expansion going. That ship sailed post 2015. Add passive excess and valuation ignorance. Prepare for hard landing.
It really is stunning the amount of $$ thrown at WeWork. Softbank invests at a $47 bln valuation – now likely worth only $20 bln!!?? SoftBank employess face loss and possibly on hook for losses!!?? pic.twitter.com/r0bD8AE5Od — Dave Floyd (@DaveFloydTrader) September 9, 2019 https://t.co/DkVge3Fetx — mcm-ct.com (@mcm_ct) September 9, 2019
by theimpossiblesalad Source: spotify.com, numerama.com, ft.com, bloomberg.com, musically.com Spotify, Apple Music as of June 2019. Amazon Music, Pandora as of April 2019. Google Play Music/Youtube Music as of May 2019 Tools: Microsoft Excel and Adobe Photoshop for the visualization If you liked this, please consider following my Instagram account for more statistics, data, and facts
https://www.cnbc.com/2019/09/09/apple-appl-claims-it-broke-china-labor-laws-at-iphone-factory-mostly-false.html Apple on Monday denied most of what is in a report which alleges that the iPhone-maker and its manufacturing partner Foxconn violated Chinese labor law. A report by China Labor Watch, a New York City-based labor watchdog,claimed around 50% of the workforce employed in August at the largest iPhone factory in Zhengzhou, China, were … Read more
By Jon LeSage Generous government subsidies have been behind China taking the lion’s share of global electric vehicle sales in recent years — but now they’re being called to question and face another scandal. A panel of experts raised the flag over this scandal during a roundtable at the Fortune Global Sustainability Forum on Sept. 5, 2019 in Yunnan, China. While … Read more
Ron Paul, Institute for Peace and Prosperity, Released on 9/9/19 Former Federal Reserve official Bill Dudley’s recent op-ed calling for the Federal Reserve to implement policies that will damage President Trump’s reelection campaign states that such action would be unprecedented. Dudley claims the Federal Reserve bases its policies solely on an objective evaluation of economic conditions. … Read more
Judicial Watch President Tom Fitton discusses the Inspector General’s report and talks about how James Comey was spying on President Trump and violated the law!
AB Bernstein came up with the calculation — 1,832%, to be exact — by including not only traditional levels of public debt like bonds but also financial debt and all its complexities as well as future obligations for so-called entitlement programs like Social Security, Medicare and public pensions. Real US debt levels could be … Read more
