Breaking news, updates, and reports on current events.
By John Mauldin The inverted yield curve is one of the more reliable recession indicators. I discussed it at length last December. At that point, we had not yet seen a full inversion. Now we have, and it appears the curve was “inverted” back then, and we just didn’t know it. The Powell Fed spent 2018 … Read more
By John Mauldin I’m often asked if recession is coming. For quite some time now, my answer has been: “Yes, but not just yet.” That’s still what I think today, but more of the early warning signals I have used in the past are beginning to flash again. I see some leading indicators weakening. I see smart … Read more
by carnageta The stretch from 2000-2010 is one of the worst in stock market history. Even so, the returns you would have garnered up to this date are nothing to be ashamed of. Lets assume you started your investment journey on January 1st, 2000, and made a lump sum of 12,0000 into the s&p500 for … Read more
Bank of England Governor Mark Carney says investment funds that promise to allow customers to withdraw their money on a daily basis are “built on a lie.” The chief investment officer of Europe’s biggest independent asset manager agrees with him. “There is no point denying we are faced with a looming liquidity mismatch problem,” says Pascal Blanque, who oversees … Read more
https://www.goshennews.com/news/local_news/payroll-company-ceo-accused-of-fraud-in-bank-overdrafts/article_2cf39149-7cd8-5e37-b31d-8141dce47233.html Here’s the article. This came shortly after an incident involving my employer. All our paychecks were deposited but then immediately taken back out. Took a few days to finally get our checks. Now they’re being accused of fraud by doing some shady wire transfers. Not sure if this is appropriate for this sub. Just … Read more
by FireOfDragons This is a post about how even a little bit of attention can go a long way for you, and others. I work for a company with ~600 employees across North America. Since finding the personal finance communities two years ago, my family has been keeping an eye on our budgeting and saving, … Read more
by tomatuvm It’s easy to get into the budgeting via monthly budget way. But you gotta remember what happens if it all goes away. For example, let’s say your loan payment is $1000/mo. And you get a job taking home $5000/mo. It’s easy to say “oh, I can afford a $500/mo car, a $2000/mo apartment, $1000 … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, financial engineering stocks: anything but reality. You see, Tesla is different. It just reported another doozie, a loss of $408 million in the second quarter, after its $702 million loss in the first quarter, for a total loss in the first half … Read more
by Michael Snyder Crops all over America are failing, and the true extent of this crisis is starting to become clearer. Months of endless rain and nightmarish flooding prevented many farmers in the middle of the country from getting their crops planted on time, and millions of acres didn’t get planted at all. And if … Read more
by JealousEntrepreneur Not the US, but this is a worsening sign for a global economic slowdown as the 3rd biggest exporter in the world is on the brink of a recession. Source: https://www.bloomberg.com/news/articles/2019-07-25/german-business-confidence-deteriorates-as-factory-slump-deepens Ifo expectations index plunges to 92.2, lowest since 2009. German companies’ business outlook tumbled to the lowest in a decade, adding … Read more
by EsteevTrabajos1 Tip of the hat to all those who reached out with kind words for the DD. It truly makes me day to see the effort is not in vain – this is my way to give back for all the trading advise I’ve gotten throughout the years, and I truly believe good karma … Read more
Japanese car giant Nissan has said it will cut 12,500 jobs around the world, more than double the amount previously announced. It will reduce its production capacity and the number of models it produces by 10% by the end of 2022, but it did not say where the cuts will fall. It comes as the … Read more
via @StockBoardAsset: U.S. Economic Growth Seen Stumbling… KGI: US Recession possible in 1 year – fig 1/2 show global economy rapidly slowing Nearly 300 Chinese property developers go bankrupt this year amid liquidity crunch Chinese authorities have been tightening financing rules for real estate developers to curb risks in the sector and prevent the … Read more
via howmuch In the first quarter of 2019, the total private and public debt of the United States hit a record $70 trillion, raising concerns about the possibility of widespread defaults. Non-financial corporate businesses hold about $9 trillion of that debt. What companies are holding the most debt, and which are more concerning? Of the four firms with … Read more
via Zerohedge: Once you’re looking for them, it’s difficult not to notice a slew of food app delivery riders all across New York City. A New York Times reporter went undercover this past spring to try and learn about the occupation and how technology was transforming food delivery. The article calls delivery riders a “street-level manifestation of an overturned industry, as restaurants … Read more
Embattled Puerto Rico Gov. Ricardo Rosselló resigns amid public outcry SAN JUAN, Puerto Rico — Puerto Rico Gov. Ricardo Rosselló announced his resignation Wednesday days after demonstrators at the island’s largest protest in recent history called for his ouster over a scandal involving leaked private chats as well as corruption investigations and arrests. His resignation, effective Aug. 2, came late Wednesday night … Read more
Jeffrey Epstein Found Injured in NYC Jail Cell After Possible Suicide Attempt: Sources Accused pedophile and wealthy Manhattan financier Jeffrey Epstein was found injured and in a fetal position inside his cell at a New York City jail, according to sources close to the investigation. Epstein, who is being held in Metropolitan Correctional Center during … Read more
by Michael Snyder If the U.S. economy really was “booming”, then corporate earnings would be rising. But that isn’t happening. In fact, we haven’t seen corporate earnings fall like this since the last recession. They fell during the first quarter of this year, and based on the results we have so far, it appears that … Read more
by AlaminsBox Source of data: statista.com Tool used: Photoshop
Economist John Williams is warning of a slowing economy and money printing to try to fix it all—again. Williams warns, “I can tell you why I would buy gold. You are seeing something here that is extraordinarily dangerous. It doesn’t have a happy ending for the traditional markets. . . . Back when the S&P … Read more