On Wire

Breaking news, updates, and reports on current events.

Homebuilders About To Break Support And Send Negative Message About The Economy?

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by Kimble Charting Sometimes the ole phrase “So Goes Homebuilders, So Goes The Economy Is True!” This chart looks at an important sector of our economy, which is the Homebuilders ETF (XHB). The long-term trend remains up, yet over the past year, it is experiencing a negative divergence to the broad market as it remains lower than … Read more

(DD)Why The Cheesecake Factory $CAKE is due for a 30% + haircut this upcoming earnings.

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by Sleepyheals   After successfully calling the biggest drop in Facebook history last year and turning 1k into 20k I have been researching popular companies trying to find ones that are due for a huge haircut, and after making a visit to the Cheesecake factory and seeing almost nobody there in a very popular location it peaked my … Read more

Years of Income Needed to Pay off a House

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by kc2184 Source: U.S. Census Bureau 2017 Tools: Excel, ArcMap This map is based on median house price and median income per county. Workers in a county with a median income per capita of $50,000 would have to pay 2 years worth of salary to pay off a median house cost of $100,000. The least … Read more

Delaying social security — or not

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by Kharlampii I performed an analysis to see if social security payments for old age should be delayed, or claimed earlier. For members of this sub, social security payments may be not a matter of survival — people have savings and/or other means of income. This opens a possibility to invest this money. Ultimately, it … Read more

“Owning your home doesn’t make you rich. Owning somebody else’s does”

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by TamiForx Came across this interesting article about building wealth. Here are my key takeaways. I would like to hear your thoughts on it. https://www.latimes.com/business/la-fi-landlords-business-owners-20181105-story.html In the United States more than almost anywhere else, wealth and income are concentrated among business owners and landlords. That club, blessed by capitalism, is becoming increasingly difficult to join. … Read more

If you have AT&T or DirecTV, monitor your credit card for CBS All Access charges

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by XIIXOO I was charged for CBS All Access even though I never created an account. I’ve posted thread link below since I could not crosspost to PF. https://www.reddit.com/r/cordcutters/comments/cjcr3n/cbs_all_access_fraudulent_charge/ “CBS Reports “Dramatic Spike” In CBS All Access Signups Due To AT&T Impasse” https://deadline.com/2019/07/cbs-reports-dramatic-spike-in-cbs-all-access-signups-due-to-att-impasse-1202652408/ “The company did not divulge exact numbers, but reported a “dramatic spike … Read more

Running Out Of Steam: Central Banks Are Moving Towards An Era Of Cheaper Money But The Strategy Is Already Failing To Pay Off…

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via thenational.ae: Easier monetary policy appears to be the strategy of the day but events over the past week have raised some questions about its wisdom, its likely effectiveness and even its purpose. Indeed, with monetary policy in danger of suffering from diminishing returns it is probably time for fiscal policy to take more of the … Read more

Equifax settlement: don’t count on ever seeing that $125 check

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https://www.theverge.com/2019/7/26/8932398/equifax-settlement-125-claim-wont-get-money-alternative-reimbursement-compensation?fbclid=IwAR0JVQyDKoP3chKy1ovtgvNTQmjjn3liFWsUnzzhKltLfELznWb0GlgouMI Long story short: only $31m of the $700m settlement is actually going to the whole “$125 check” program. So if just 248,000 people sign up, they’ll get the full amount. If 1,000,000 sign up, they’re getting $31 each. And if everyone who was actually affected signed up – all 147 million of them – it … Read more

Blackstone Made a Quick US$2Bn – US$4Bn from Reuters In Just About a year

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The ink is barely dry on the deal (https://a-teaminsight.com/blackstone-closes-deal-to-take-55-stake-in-thomson-reuters-financial-risk-business/?brand=ati) Blackstone made to buy to the financial data arm of Reuters (now renamed Refinitiv) and they are doing another deal to sell the same company, thereby pocketing a quick 2-3 billion. https://www.reuters.com/article/us-refinitiv-m-a-lse/lse-refinitiv-deal-faces-long-antitrust-review-sources-idUSKCN1UN0O4

What could go wrong?

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What could go wrong? https://t.co/2BP9ajPNjF — Daniel Lacalle (@dlacalle_IA) July 29, 2019 US #highyield issuance YTD: $152B, up 29% from 2018 pace, as investors, anticipating rate cut(s), flock to fixed-income market $HYG $JNK pic.twitter.com/NED8dbUbNa — Leveraged Loans (@lcdnews) July 29, 2019

Pentagon Approves a Whopping $1.48 Trillion in Military Spending

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https://youtu.be/MbNqiqH3KTA In a bipartisan deal , The Pentagon Approves a $1.48 trillion in military spending over the next two years. 219 House Democrats and 65 Republicans on Thursday voted to approve a budget agreement that includes $1.48 trillion in military spending over the next two years. which President Donald Trump quickly applauded on Twitter as … Read more

A strong economy? Stocks at record highs. Profits at lowest % of GDP since 2008 ex-GFC. Corp Debt at $15bn 7.5x larger. And credit priced to perfection.

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via @PPGbites:   via @The92ers: The market looks quite similar to March ’00 & the Fed also finds itself in the same position. The market’s valuation is greatly stretched & the Fed is a prisoner to its many mistakes. See the link for a brief summary of how we got here, it took ~ 20-years … Read more