Breaking news, updates, and reports on current events.
via @FGMR: Fed debt rising faster than GDP since the financial crisis. With the debt ceiling removed until July’21 we are now in Mises crack-up-boom territory (link: https://kingworldnews.com/james-turk-historic-news-just-announced-that-will-not-only-impact-gold-but-also-the-world/) kingworldnews.com/james-turk-his…
Insiders and “Original Investors” are cashing out. Better sell this soon before this craters. Please do not loose your money. (I am NOT short BYND and as a customer want this company/sector to succeed). The lockout period was supposed to end in October, but insiders could not wait out the sky high valuation. Why do … Read more
via CNBC: Share buybacks are expected to approach $1 trillion this year, according to Goldman Sachs. Funding is coming from a record drawdown in cash as well as a rise in gross debt and leverage. Buybacks have exceeded free cash flow for the first time since the financial crisis. U.S. companies are on pace to … Read more
by meditationLearner IPO — GPRO @ $24 vs BYND @ $25 High — GPRO – $ 98.47 vs BYND – $239.71 Sales IPO year — GPRO – $1,400M vs BYND – $240M Secondary offering before lockout GPRO – @ ~$75 — 1 month before lockout BYND – @ ~$200 — 3 months before lockout Stock Price 1.5 years … Read more
by SpontaneousDisorder He also mentions poor market breadth which we seeing in the “Hindenburg Omens” which were present at the tops last year. Sentiment is also very extreme, for example the 21 day moving av. of the daily sentiment index is 82 in the S&P, which is close to the extremes we’ve seen over the last … Read more
by TacAirlifter The previous record was set back in late summer 2014 at 17.4 billion as you can see in the chart. If record money is leaving stocks and going into bonds … where do you think we’re headed?
via tomluongo: Deal or No-Deal, when it comes to Brexit, the euro is toast. Markets, however, believe the fantasy of its survival. As we approach the end of July the euro clings to support at $1.11, mere pips away from a technical breakdown. That breakdown will trigger a wave of asset liquidation and another round of … Read more
by Jeff Clark, Senior Analyst, GoldSilver Dear Main Street and Wall Street Investor, I’m a pretty nice guy. But you may not think so if what I outline below comes to pass. You see, over the next few years, I’m going to steal cash right out of your brokerage account. It’ll go from your portfolio … Read more
via @StockBoardAsset: someone buying credit insurance for the past 30hrs declining price trends in memory chips suggests the global economy remains in a cycle down period ugly Stock Market Peaking? Price Resistance and Dumb Money Warning S&P 500 Index (INDEXSP: .INX) “weekly” Price Chart The stock market has been resilient in 2019, grinding higher… and … Read more
by Snydeman I’m not sure I’d say things in Japan are fine… Japan’s Youth Suicide Rate highest… Or, this: “In Japan, suicide borders on a crisis level, though the government has been active in intervention to decrease the risk of suicide among vulnerable populations. It is the leading cause of death in men among the ages of … Read more
by Michael Snyder In order for any society to function smoothly, the vast majority of the people need to behave at least somewhat rationally. Of course there are always going to be exceptions, and we understand that, but most of us operate under the assumption that most of the people that we are going to … Read more
by Michael Snyder It has been a seemingly quiet summer in America so far, but meanwhile we are witnessing major developments on the other side of the globe that could change everything. We are so close to war, and yet most people have absolutely no idea what is happening. In fact, if you showed most … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Seattle House prices fall year-over-year, as do New York & San Francisco Bay Area condo prices. Los Angeles, San Diego tick up. Denver, Boston hit new highs. Las Vegas, Miami, Phoenix aspire to their crazy peaks of Housing Bubble 1. Year-over-year declines have spread to house prices in the Seattle metro, after … Read more
By Nick Corbishley, for WOLF STREET: The ECB’s NIRP forever policy is crushing Eurozone banks’ ability to turn a profit, warned the CEO of Bankia, José Sevilla, on Monday. “It is clear that the current rate scenario is hurting the profitability of the banking business,” he said. “We think low rates are good and perhaps even desirable. But the … Read more
by Charles Hugh-Smith Small businesses on the precipice need only one small shove to go over the edge, and there won’t be replacements filling the fast-multiplying empty storefronts. As a generality, the average employee (including financial pundits) has no real experience or understanding of what it takes to start and operate a small business in … Read more
by visualcapitalist There is no shortcut to gaining a bulletproof reputation. To get there, businesses not only need to think long term, but they also need to do what is considered “right” in every possible situation. Aspiring companies must be truly customer-centric, going above and beyond in how they treat their customers. They also require a … Read more
The [DS] has lost the narrative, the patriot have them surrounded on the information war front. The [DS] players are panicking because they know that this is a matter of time before the investigations are brought out into the open. Rep from Arizona shines a light on the border propaganda. Peace is coming to Afghanistan. … Read more
950 total viewers They are just throwing shit at each other, being hypocritical, saying the same thing as what Trump is doing. Only 22,000 this one: h/t Jake
https://www.youtube.com/watch?v=7FtMvIWGxTM
Democrats Fear Trump Is On Track For 2020 Win, Democrat Infighting And Lack Of Message Cause Worry. Democratic governors know their states better than most. Recently at an annual meeting Democratic governors expressed concerns and frustrations with the Democratic 2020 candidates going too far left. They point out that the party is being mired in … Read more