Breaking news, updates, and reports on current events.
by donotwink Source: FiveThirtyEight article thoroughly explaining the Democratic candidates’ donations after the second financial quarter. Good read for more information on my visualization and some more interesting graphics. Tools: ggplot2 and R
lol: https://twitter.com/Morning_Joe/statu…
by Nomen_Meum Diagram created using SankeyMATIC. Data from my pay stubs and bank transaction dumps. Couple notes: I worked as an investment banker in New York for about eleven of the last twelve months. I’ve lived with my partner for about half a year, and the majority of “Venmo (Inflow)” is their portion of our … Read more
by LivelyHorrific Created using SankeyMATIC. Data pulled from looking through emails, spreadsheets, accounts. I created this because of my bitterness that I never received a thank you card for the wedding gift (and much less for planning the bachelorette). The flight for trying out the dress is $11.20 because I used airline points.
by Logiman43 All of you guys are way too positive and have adopted the retail investor mindset full of “conventional wisdom”, which is preyed upon by professional investors. This market is going to get a lot worse, approaching if not a full-blown depression, and its going to happen for several reasons. (EDIT: Not immediately, but … Read more
by elimc First of all, I am going to say that there are definitely people who have a financial interest in selling fear. I would be wary of anyone who claims to know the future. Having said that, I am going to be a contrarian and say that it is possible that we can have hyperinflation … Read more
President Trump said he’s looking at the JEDI contract that will be awarded to Microsoft or Amazon. The contract is said to be worth up to $10 billion. President Donald Trump said Thursday that he’s seriously considering looking at a Pentagon contract that’s said to be worth up to $10 billion for Microsoft or Amazon. “I never had … Read more
A federal appeals court has upheld the criminal conviction of notorious ‘pharma bro’ Martin Shkreli. The three-judge panel in the U.S. Court of Appeals for the Second Circut also upheld the more than $6.4 million in foreiture that a judge imposed on Shkreli last year when she sentenced him for his conviction on two counts … Read more
by cbus20122 Over my roughly 50 years of being a global macro investor, I have observed there to be relatively long of periods (about 10 years) in which the markets and market relationships operate in a certain way (which I call “paradigms”) that most people adapt to and eventually extrapolate so they become overdone, … Read more
by Michael Snyder Has a war between the United States and Iran become inevitable? That is what some in the mainstream media seem to be claiming, but let us hope that is not true, because such a war would mean immense death and destruction. If the Iranian regime felt that their survival was at stake, … Read more
via moneyweb: Global finance ministers are facing intensified nagging to loosen purse strings and aid the world economy at a time when central banks can’t keep carrying the burden alone. Group of Seven officials meeting near Paris confronted an outlook of slowing growth that has already prompted monetary authorities to shift stance and prepare for stimulus. … Read more
The House passes a bill to gradually raise the federal minimum wage to $15 per hour. House Democrats see it as a major part of their economic platform as they contend a strong economy and roaring stock market have not boosted the working class. Senate Majority Leader Mitch McConnell is unlikely to take the bill … Read more
via sentimentrader: Confidence nears upper bound Over the last couple of days, Dumb Money Confidence has poked above 80%. While it has gone higher over the past 20 years, this is in the top 2.3% of all readings.’ It’s high enough that it has preceded weak returns, especially in recent years, and those times when stocks … Read more
via gold.org: Our Central Banks and Public Policy team have just published the results of the 2019 Central Bank Gold Reserves Survey. The survey gives a fascinating insight into the minds of central bankers and is especially timely since central banks continue to post record-breaking levels of net gold purchases in recent quarters. Some of you might … Read more
via @TaviCosta: Silver & gold implied vol near historical lows! Awareness of global fiat debasement is only in its early stages. – Asset bubbles everywhere – Surging yield curve inversions – Real yields falling – Record global debt to GDP Can’t think of a better time to own precious metals.
by WARREN MOSLER Rolled over and on the decline and from highs that were at historically depressed levels: Now in contraction: From the AIA: Design services demand stalled in June, Project inquiry gains hit a 10-year low Demand for design services at architecture firms decreased in June in comparison to the previous month, according to a new … Read more
by New_Slant Down 11% after earnings. Horrible new subscriber numbers. IMO, NFLX will continue to tank into the low 200s. It might dead cat bounce here and there but the trend going in 2019 and 2020 is down. Facts and Opinions It’s US subscription base is saturated. It’s the most stable, profitable. To increase … Read more
via @TaviCosta: In case you think silver already had a big move: Russell 3000-to-silver ratio is still near all-time highs! This puts into perspective the incredible opportunity likely ahead of us. Double top formation after a retest of peak tech bubble levels?
earnings season likely to be very disappointing pic.twitter.com/fDzgWJEkTD — Alastair (@StockBoardAsset) July 17, 2019 Earnings season is starting off with a bang!$NFLX down 13% in the after-market on US subscriber drop. Market bulls will try to shrug this off, but this frothy bellwether stock may just be one of the first to crack at the … Read more
via postandcourier: Almost a year after President Donald Trump urged voters to reject Mark Sanford, the former South Carolina congressman is considering a Republican presidential run of his own against Trump in 2020. Sanford, in an interview Tuesday with The Post and Courier, confirmed he will take the next month to formulate a potential run against … Read more