On Wire

Breaking news, updates, and reports on current events.

The global downturn has already begun, massive move into money market funds and bond funds, a volatile October is on the horizon

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Braced for the global downturn It’s the calm before the storm. Last week’s market volatility was ostensibly triggered by the US-China trade conflict turning into a full-blown currency war. But at heart, it’s about the inability of the Federal Reserve to convince us that its July rate cut was merely “insurance” to protect against a … Read more

If you travel internationally, beware currency exchange offers from the local bank’s ATM. (Especially if it’s HSBC)

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by raptorbluez I recently went to withdraw some cash in another country from an HSBC ATM. A screen popped up after I entered the amount and HSBC offered to do the currency exchange locally rather than let my bank make the conversion. The problem is that HSBC’s offered exchange rate was really terrible – nearly … Read more

Beware Other Ally Bank Users

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by justslightlyeducated Recently my bank card was somehow comprised and charged a penny in Oregon. I’m in central California. During the compromise I recieved 1 legitimate phone call from ally asking me to confirm that I didnt make the charge and that my card would be disabled and to call back to get a new … Read more

SUPERMASSIVE FLASH JUST EMITTED FROM OUR GALACTIC CENTER

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While it is normal for the supermassive black hole to fluctuate slightly in brightness, the researchers found Sagittarius A*—which is four million times the mass of the sun—had gotten 75 times brighter than normal. “I was pretty surprised at first and then very excited,” Do told the news site. …the researchers say the flash happened … Read more

Argentina Is Collapsing, Peso Plunges More Than 30% Against Us Dollar In Early Market

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by panish_guy https://es.investing.com/currencies/usd-ars https://www.lanacion.com.ar/economia/dolar-hoy-cotizacion-nid2276661 Piotr Janiszewski @ATAFIN Argentina Peso – New Circle of F/X Hell… USD/ARS 58.5000 +29.29% All Time High 62.00 that’s why even Dante didn’ t create Hell like Argentinian Inferno… The country is on the verge of default again. The right-wing president didn’t succeed in reversing the collapse of the economy and people … Read more

Macro Bear And Bull Summary

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by WSBConsensus Bear: July marked the second consecutive month of contraction in Global PMI’s US 10yr real yields touches negative territory Gold made fresh highs US ISM nonmanufacturing index surprised to the downside in July China’s July service industry PMI came in below expectations hitting its lowest level in 5 months UK’s 2Q19 GDP contracted. The … Read more

When did this trend start: “I’m losing so much money therefore go IPO”

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by MakeoverBelly   I’m looking at prospectuses of the big tech players when they entered the public markets. I see that most of the giants everyone wants to see being created again were actually profitable when going public. Apple, 1980, profit: 12M, revenue: 118M, S-1 link Microsoft, 1986, profit: 17M, revenue: 85M, S-1 link Google, 2004, profit: … Read more

Don’t dwell on hindsighting yourself. If you look at any graph of a stock or anything it is so obvious to spot the times to buy or sell and pick an optimum path through different investments but when you have to do it live you never know what is going to happen.

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by lahkbustuh Imagine this: if you were around in the early 1900’s, which car company would you have invested in? There were hundreds of them. Most of them looked pretty good. Even as late as the 1950’s Studebaker, Nash, and American Motors would have looked pretty great. You would have no way of knowing Ford, GM, … Read more

JOHN DEERE (DE) SHORT THESIS (ER 8/16)

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by 2_uber TLDR: SHORT JOHN DEERE Schmidt says sales at his dealership, in general, declined by as much as 15% in the first half of the year, led by a fall in the demand for large equipment. In a sign of things to come, early orders for planting equipment for next season’s soybean and corn … Read more

BANK OF AMERICA raises chance of recession to 1-in-3; Fed Considers New Tool for Downturn; Bankruptcies rising; Consumers knee-deep in debt…

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Bank of America raises chance of a recession to 1-in-3 in the next 12 months Bank of America sees a greater than 30% chance of a recession in the next year, based on recent data. Some economic indicators are “flashing yellow,” signaling a coming recession. Head of U.S. economics Michelle Meyer says the “bright spot” … Read more