Wayfair, Zillow, Uber, Lyft, WeWork, Carvana, Tesla, Airbnb, Casper Sleep, Zume, and many others – they all have accomplished an amazing feat: losing tons money year after year during the Good Times in mundane profitable industries. By Wolf Richter for WOLF STREET.
by Charles Hugh Smith The increasing concentration of the ownership of wealth/assets in the top 10% has an under-appreciated consequence: when only the top 10% can afford to buy assets, that unleashes an almost karmic payback for the narrowing of ownership, …
Cycle expert and financial analyst BoPolny thinks the stock market will have another leg down to “around 15,000 on the DOW, if not lower, by June of 2021.” Polny also says, “The markets are finished. We have only seen the …
by MTGCollectingAL Not the typical puts/calls DD but thought some here might like a different approach to gambling in the market. You probably can’t do this on robinhood. Rationale: CHK is in a world of trouble and likely to …
by TheCuriousKea This is the week that if we don’t see positive momentum in the tanker sector then you better be long or gone because we are in for a rough ride on a limp dick sideways. Here’s the factors: …
by Alfredo_av – Virgin laid off more than 3,000 people, including 600 pilots. – Virgin Australia files for bankruptcy. – Air Mauritius entered administration proceedings – _ South African Airways_ is bankrupt. – Finnair returned 12 planes and laid off …
by Maxet1000 I think maybe I need a bull’s perspective on why this stock should have the valuation it has right now. The current PE is over 2000 and even if they keep growing at the rate they have been, …
https://twitter.com/hks55/status/1261904650690838534 Over $550bn of investment-grade bonds will fall to junk status by October https://t.co/QMHHi2qq2l — The Economist (@TheEconomist) May 16, 2020 Hedge funds cut bullish bets on #commodities by 9% in wk to May 12. Most of the selling hit …
by shanish82 Check graph on page 53 Sources: https://www.federalreserve.gov/publications/files/financial-stability-report-20200515.pdf Go to pages 50-53. Also https://www.propublica.org/article/whistleblower-wall-street-has-engaged-in-widespread-manipulation-of-mortgage-funds
Via Casey Research Editor’s note: Regular readers know our founder, Doug Casey, has warned that a Greater Depression is on the horizon. And while it might be easy to blame any economic crisis on the coronavirus pandemic, Doug is convinced that …
The Federal Reserve says parts of the financial system came under severe strain in March, sees further threats possible FED SAYS ASSET PRICES SUBJECT TO "SIGNIFICANT DECLINES" IF PANDEMIC WORSENS — *Walter Bloomberg (@DeItaone) May 15, 2020 Coronavirus pandemic …
From Birch Gold Group Even if local and state governments hadn’t shut down businesses in attempts to mitigate the coronavirus, the U.S. economy was still set up to take on a number of economic challenges. But now, there’s one additional challenge being considered by billionaire David Tepper: …
Dow Jones, 1d Dow Jones has been consolidating for the last 5 weeks. Hence, we can expect a new big directional move starting next week. Which way will it go? Depending on your bias, you can see Dow Jones forming …
Equities will be in true rally/recovery mode when financials begin to outperform the broad market. Still seeing lower lows. We're not there yet. pic.twitter.com/xbhFvu98xU — IceCap (@IceCapGlobal) May 15, 2020 The #Fed's #BalanceSheet hit another record high, but the pace …
Pandemic Bills Are So Big That Only Money-Printing Can Pay Them (Bloomberg) — Forced into record spending by the threat of another Great Depression, policy makers are blurring the lines between borrowing the money they need and simply creating it.Most …
by formerbuck OKAY. So demand has been reduced dramatically around the world, our $21 trillion GDP has basically been paused for 2 months, so to keep it afloat (rough math), the government had to add $3.5 trillion to keep the …
by DropItShock Vertical Spread Basics Spreads often get a bad rap for sounding more complex than they end up being. I’d wager quite a few people here don’t even know what the “Select” button is for at the top right …
by namsilat I’m a goddamned red blooded American. I believe in our markets, I make money in our markets. I’ve taken a break from grilling wartime production act porkchops, training paratroopers to fight poor people in foreign deserts, and orally …
by justathoughtfromme It’s generally required for a parent to co-sign a minor’s bank account in the US. Once you turn 18, the best course of action is to establish an account in your name ONLY so you have sole control …
by Michael Snyder I was going to write about something completely different today, but I felt that I needed to issue this warning instead. Even before COVID-19 came along, crazy global weather patterns were playing havoc with harvests all over …
by Michael Snyder Many have been warning for years that our economic bubble would eventually burst and that a collapse was inevitably coming, but the ferocity of this new economic crisis has caught just about everyone off guard. And even …
by ikegro TLDR; Great Lakes submitted the WRONG student loan status code to the three credit bureaus for ALL of their customers with student loans (as part of the CARES act) and it’s causing everyone’s credit scores to drop 40-50 …
by Expect_The_Opposite Dollar General – Analysis of Operations and Company Summary Earnings May 28th TL;DR – Overall looking bullish on DG as main customer base becomes more reliant than ever on stretching budgets on essential items during COVID and mass …
Remarks by President Trump Before Marine One Departure Q What do you mean by cutting relations with China? What would that look like? THE PRESIDENT: We’ll see. We’ll see. We got a lot of things going with China. We’re not happy …
by Chris Vermeulen of The Technical Traders Our researchers believe the US stock market has potentially ended the “relief rally” phase where the US Fed stimulus pushed prices off the recent lows and upward towards key Fibonacci retracement levels and will soon engage …
by Kimble Charting Is the saying “So Goes The Banks, So Goes The Broad Market” true? Over the past 28-months, it does appear to be accurate! Banks started underperforming the S&P 500 in January of 2018 (28-months ago) at (1) in the upper …
by Kimble Charting Are bear market rallies peaking in Europe? Very possible! This 3-pack looks at stock indices from Germany (DAX), France (CAC-40), and London (FTSE-100). Each index declined more than 20% from highs earlier this year, reflecting that each entered into bear markets. Each …
https://twitter.com/apark_/status/1261054164076986369 In today's Fed release they started reporting on the "Corporate Credit Facility LLC" vehicle they created to "support credit to employers." How do they plan to do that? By buying up corporate bonds on the primary/secondary market, including ETFs. …
Citigroup's "US equity strategists’ panic/euphoria model is approaching euphoria, which, historically, has led to negative returns over the next 12 months." pic.twitter.com/y4AaS3dEJE — Lisa Abramowicz (@lisaabramowicz1) May 14, 2020 Bigger picture ..this market has been sideways since 9 April It …
Wall St. For Main St., Released on 5/13/20 Jason talks about a lot of problems with emerging markets. The problems are so obvious that even Paul Krugman is now very worried about wide scale emerging market defaults https://finance.yahoo.com/news/paul-k… New Daniel LaCalle …