A U.S. federal judge has given final approval to Facebook’s $650 million payment to settle a privacy dispute between the California group and 1.6 million users in the U.S. state of Illinois. The decision was issued on Friday, according to documents seen by AFP on Sunday. Chicago attorney Jay Edelson sued Facebook in 2015, alleging … Read more
By Ag Metal Miner President Joe Biden’s latest executive order seeks to secure a variety of important supply chains. For example, in one higher-profile case, General Motors recently announced it would extend downtimes at several plants as a result of a semiconductor shortage. As we’ve noted in our Rare Earths Monthly Metals Index (MMI) series, rare earths supply has … Read more
by Matthew Levy, CFA Is the worst of what the last few weeks brought over? February started off with so much promise, only to be ruined by surging bond yields. The way that bond yields have popped has weighed heavily on growth stocks. Outside of seeing a minor comeback on Friday (Feb. 26), the Nasdaq dropped … Read more
Retirement Lifestyle Advocates, Released on 2/28/21 Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker.
by confoundedinterest17 The US economy is growing at a scalding pace (8.8%) according to The Atlanta Fed’s GDPNow real-time tracker. That is over twice as high as real GDP growth in prior decades. True, the uunemployment rate is at 7.4% which was where it was at in 2014, the second year of Obama’s Presidency. While Congress and the … Read more
by Michael Snyder Have you noticed that UFO sightings have been in the news a lot lately? Even in the midst of all the other big events that are happening, evidence of mysterious objects flying through our skies continues to make headlines. In particular, what one American Airlines pilot says that he saw is really shaking … Read more
It is more than a shift from growth to value style investing. The Great Rotation is a move out of overvalued long duration equities and fixed income securities and into undervalued commodities and basic resource stocks. pic.twitter.com/fvveNFQIWa — Kevin C. Smith, CFA (@crescatkevin) March 1, 2021 Investors have implicitly understated hurdle rates and overestimated growth … Read more
ARK has taken a few obscure stocks, bought huge quantities of shares, and driven up the prices to extreme valuations. There is no way to exit those positions without collapsing the prices. It is one big house of cards ready to fall. — jaberwock (@jaberwock2) February 28, 2021 Stocks won’t collapse until this thing sees … Read more
https://www.investopedia.com/berkshire-hathaway-earnings-4q2020-annual-letter-5114383#:~:text=Earnings%20per%20share%20(EPS)%20were,%2C%20up%20by%2024.6%25%20YOY. This is huge! Here’s the annual letter: https://www.berkshirehathaway.com/2020ar/linksannual20.html The coolest thing is that despite selling some Apple stock, BRK shareholders’ percentage ownership of Apple actually increased from 5.2% to 5.7%! Also, even though he states that $KHC was trading at less than carrying value at year end, the stock has since rallied. It now … Read more
STEEL PRICES 👀 👇👇👇 pic.twitter.com/fpFcqJQK5O — Win Smart, CFA (@WinfieldSmart) February 28, 2021 $RUT pic.twitter.com/ugixG2yiSY — Álvaro Oviedo (@alvoviedo) February 27, 2021 "The major financial institutions in the US and around the globe are utterly opaque; and The next financial crisis will happen faster, more suddenly." –Paul Singer — Dave Collum (@DavidBCollum) February 28, 2021 … Read more
by UPFINA In the next few months, the housing market is going to cool off because more supply will come on the market, rates are rising, and the trend of people moving to the suburbs is going to partially reverse. Single family housing benefited from the virus. Once the pandemic is over, we will see some … Read more
First predicted nearly 20 years ago, researchers have finally (and accidentally) proved the existence of a new state of matter: ‘liquid glass’. AO
https://twitter.com/Breaking911/status/1365819857443426306 Governement ordered the shutdown and broke the back of the economy. Break it, buy it. Americans need help with car payments, mortgage, rent, and everyday necessities. The people, not government, corporations, or billionaires, need this help. Consider $10,000 a down payment. — Rep. Paul Gosar, DDS (@RepGosar) February 27, 2021 Arizona’s Paul Gosar Proposes … Read more
by Troy & Vaishali What a week it has been! Various markets saw noticeable declines on news of rising yields. The strong upward trend for stocks is finally taking a long-overdue breather and so is extreme sentiment. Let’s look at some bullish and bearish factors to give us a better idea of what the markets are … Read more
by Martin Armstrong Biden has ordered that 56 US Attorneys appointed by Trump must resign by today or be fired simply for being Republicans. This ensures that Hunter Biden will never be investigated and it is outright corruption of the Rule of Law. Never has such discrimination taken place whereby you cannot discriminate if they are even … Read more
ANALYSIS/OPINION: President Joe Biden’s coronavirus stimulus package outlines a one-time $1,400 check to families financially affected by the virus. Yet the fine print in the House stimulus bill sneaks in this fascinating nugget: If you’re a federal employee, you can receive $1,400 a week in paid time off for 15 weeks if you decide to … Read more
by Martin Armstrong The Democrats blamed Trump for everything possible with immigration. Now the rumor is that anyone in the USA under Biden will simply be granted citizenship. What is going on now is the problem of unaccompanied children crossing the border has exceeded all-time highs. Border Patrol agents are now reporting a dramatic surge … Read more
A South Florida woman is suing her community after she was fined more than $100,000 for, according to city officials, parking incorrectly in her own driveway over the course of a year. A woman named Sandy Martinez found herself the target of what appears to be a lazy and vicious campaign of harassment from local … Read more
