Breaking news, updates, and reports on current events.
by John W. Whitehead “Of all tyrannies, a tyranny sincerely exercised for the good of its victim may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated, but those who torment us … Read more
By David Stockman Surprise!! It turns out that China commenting that it believes/hopes that tariffs will be delayed next week is not enough for anything but headline-reading algos. White House Chief of Staff Mick Mulvaney just injected some reality by noting that next week’s tariff decision will depend on how the talks are going… and … Read more
via washingtonexaminer: “The survey suggests that the Democratic drive to impeach the president on charges of abuse of power and obstruction hasn’t won over any new supporters despite two weeks of hearings and today’s announcement of articles of impeachment to be voted on as early as next week.” Plus: Rand Paul: More Democrats to oppose impeachment, rips … Read more
The Clint Eastwood Film ‘Richard Jewel’ is an Indictment of the Media, and They are not Happy About It. The real-life dramatization of the Atlanta Olympic bombing and the central figure in that investigation — security guard Richard Jewell — is being strategically released this weekend, primed for the upcoming motion picture awards season. Yesterday … Read more
We know which States will help her . pic.twitter.com/4gcHtCXoSX — JAB SLICK (@SlickJab) December 11, 2019 h/t SG
BOMBSHELL: Inspector Horowitz admits that the warrant to spy on the Trump campaign was based "entirely" on information from the debunked Steele Dossier. The media continues to deny this fact! pic.twitter.com/Crpn28dW1P — Trump War Room (@TrumpWarRoom) December 11, 2019 IG confirms the FISA application was based on falsified information which was paid for by the … Read more
by UPFINA The November Markit services PMI rose unlike the ISM services PMI. However, the ISM PMI is still higher. Broadly, the Markit reports make it confusing to determine what drove the 2019 slowdown. The ISM reports clearly show the manufacturing sector underperforming, similar to manufacturing production in the industrial production report. The ISM manufacturing PMI … Read more
https://www.cnn.com/2019/12/10/tech/peloton-stock-citron/index.html New York(CNN Business) Peloton may have bigger problems than the public relations fallout from the controversial ad that became a meme. Short-seller Citron Research said Tuesday it expects the stock to plunge nearly 85% to just $5 a share. Citron said in the report, titled “Investors Peddling Themselves into Frenzy,” that Peloton (PTON) is … Read more
by SpontaneousDisorder https://archive.ph/r4LEr Private credit has boomed globally as banks, under pressure from regulators since the global financial crisis to reduce risk, have pulled back from lending to smaller, potentially more vulnerable companies. The private credit market has expanded to $787.4 billion, from just $42.4 billion in 2000, according to London-based research firm Preqin. … … Read more
via sentimentrader: More splits than a gymnast Different parts of the bond market are seeing vastly different treatment from investors. Riskier, lower-credit parts of the market are seeing low demand and heavy selling pressure while higher-rated bonds are being bid up to a record degree. There has been this wide of a disparity only 3 other … Read more
by yousuckatoptions Had a story I figured you all would enjoy about a client I worked with that that turned ~150k into a ~$1M over the course of 4 months and then proceeded to lose it all in 2 days. We’ll call this guy Mr. R. And like most of us he had terrible trading … Read more
by doubtitall Due to the tax cuts corporate taxe receipts dropped to levels not seen since the worst times of the financial crisis. Meanwhile Mulvaney tells CEOs a new corporate tax cut is considered. The US will probably need to designate itself as a tax heaven.
https://finance.yahoo.com/news/netflix-could-lose-four-million-121913655.html (Reuters) – Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc <NFLX.O> on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year. Needham analyst Laura Martin, who downgraded the California-based tech giant to … Read more
CCC meltdown pic.twitter.com/D42GGPaijX — Win Smart, CFA (@WinfieldSmart) December 10, 2019 Corporate credit to GDP pic.twitter.com/gkISFXG2XE — Win Smart, CFA (@WinfieldSmart) December 10, 2019 Spot on again @dlacalle_IA and this game of liquidity wac-a-mole can only go on so far until it pops out for good exposing the fragilities of these new forms of inherent … Read more
Investors should "take profits" on their auto-loan backed bonds "given lofty prices for used cars, a glut of supply and the quick pace of car depreciation:" Pavilion Global Markets. They point to the surging volume of non-performing auto loans as growing signs of weakness. pic.twitter.com/e61hDGK46W — Lisa Abramowicz (@lisaabramowicz1) December 11, 2019 This Map Shows … Read more
via Forbes: A former top Federal Reserve official says the central bank appears not to have learned key lessons from the Great Recession, including how its halting embrace of aggressive monetary policy left the economy short of both its inflation and employment goals for too long. While the unemployment rate is now near historic lows … Read more
via danielamerman: As can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government. Total deficit spending, the extent … Read more
Saudi Arabia renews push for $2 trillion Saudi Aramco valuation Saudi Arabia is making a last-ditch attempt to persuade its institutions and wealthiest families to buy shares in Saudi Aramco after it floats on Wednesday as Crown Prince Mohammed bin Salman refuses to give up on his $2 trillion valuation. “They’ve been told that it … Read more
by ScratchyCow Within the past few days: They “accidentally” released an update that auto collapsed any comment that could be found offensive and added “potentially toxic content” written next to it. https://www.reddit.com/r/ModSupport/comments/e8ifxr/potentially_toxic_content/ It was instantly met with negativity from the community (look at the comments) and was then reverted. I believe they were soft-testing it and … Read more
