Virgin Galactic: now a $6B company. Had $170M worth of assets in June 2019

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by MakeoverBelly For a company with a $6B market cap I thought there would be any articles detailing what’s actually inside the thing. Found nothing, so here’s some data for you (as of June 30, 2019): ​ Cash and cash equivalents: $85,324,000 Inventories: $27,508,000 Raw Materials: $23,106,000 Work in-progress: $4,402,000 Property, Plant, and Equipment: $40,456,000 … Read more

GM Better Figure Out How to Stop Shrinking, I Mean Globally & Pronto, Before It’s Too Late

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GM tries to shrink itself out of trouble. And it shrinks where it wants to grow. But when will it stop before hitting zero? Ugly charts of GM’s global vehicle sales, by region. By Wolf Richter for WOLF STREET. GM announced this weekend that it would pull out of Australia, New Zealand, and Thailand, in line with its … Read more

We’re experiencing the biggest asset bubble of all time, according to Bank of America – “disruptors” or e-commerce stocks like Amazon, Google, etc.

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This is not a technology boom…it’s a central bank liquidity bubble. It’s 10% technology, 90% “funny money.” We're experiencing the biggest asset bubble of all time, according to Bank of America – "disruptors" or e-commerce stocks like Amazon, Google, etc. This is not a technology boom…it's a central bank liquidity bubble. It's 10% technology, 90% … Read more

AOC Lands New Job that PROVES She’s Not Meant for Congress

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https://www.youtube.com/watch?v=l-0MBFl16ao Leah Barkoukis from Town Hall reports, Conservatives blasted Rep. Alexandria Ocasio-Cortez for appearing on the next season of “RuPaul’s Drag Race” as a guest judge, where she’s seen “pledging allegiance to the drag” in a trailer for the VH1 show. Read More/Source/Credit/FairUse: https://townhall.com/tipsheet/leahbarkoukis/2020/02/17/aoc-drag-n2561358

Did you know Mike Bloomberg banned food donations to the homeless because his bureaucrats didn’t know the sodium content?

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NEW YORK (CBSNewYork) — Mayor Michael Bloomberg’s food police have struck again! Outlawed are food donations to homeless shelters because the city can’t assess their salt, fat and fiber content, reports CBS 2’s Marcia Kramer. Glenn Richter arrived at a West Side synagogue on Monday to collect surplus bagels — fresh nutritious bagels — to donate … Read more

Kim Foxx says the Jussie Smollett case shouldn’t define her record as Cook County State’s Attorney.

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CHICAGO (WLS) — Cook County State’s Attorney Kim Foxx sat down with ABC7’s Craig Wall for her first sit-down interview since special prosecutor Dan Webb re-filed charges against actor Jussie Smollett. “I understand the attention that this has gotten,” Foxx said. “Political opponents have spent millions of dollars at the forefront of people’s mind.” A … Read more

Bipartisanship’s Last Gasp Or Fresh Breath?

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Some senators and advocacy groups from both sides of the aisle think government should have tougher financial management controls. If the reforms are approved, will be first update since 1990. Major provisions of the proposal include measures for: Standardizing Chief Financial Officers (CFO) responsibilities across the entire executive branch. Providing deputy CFOs new authority to ensure continuity … Read more

Not only can President Trump pardon & commute people, but has also has the power to grant a “respite” to Roger Stone, which delays the sentencing of defendants for however long the President wants.

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The pardon power of the United States Constitution has been broadly interpreted to include a variety of specific powers. Among those powers are: pardons, conditional pardons, commutations of sentence, conditional commutations of sentence, remissions of fines and forfeitures, respites and amnesties.[1] Historically, presidents have granted most respites for periods of 30 to 90 days and have renewed (extended) such delays when it seemed necessary.[2] The … Read more

Do you remember Obama telling workers, your jobs are gone forever? They’re not coming back? Now Obama claims credit for booming economy. One more Obama Con Job

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by Venus230 President Trump responded Monday night, calling Barack Obama’s claim that his prior administration is responsible for the booming US economy a “Con job”. Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and … Read more

Mike Bloomberg Wants 2017 ‘The View’ Segment ERASED From History For ONE HUGE Reason

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https://www.youtube.com/watch?v=BbeKPLFGvcc Collin Rugg from Trending Politics reports, Back in 2017 during an interview on “The View,” former New York City mayor and 2020 Democratic presidential candidate Michael Bloomberg told Americans to “get behind” President Trump because “the public has spoken.” “That’s my country. That’s my kids and grandkids,” Bloomberg said. “You have to make it … Read more

HAHA!!! CNN’s Brian Stelter SURRENDERS! FORCED to Report the Obvious About Michael Avenatti

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https://www.youtube.com/watch?v=fg_ZLvy-OA4 Nicholas Fondacaro from News Busters reports, Well, it may have taken a while, but CNN host Brian Stelter finally admitted that praising lawyer Michael Avenatti (A.K.A creepy porn lawyer) as a “serious” contender for 2020 wasn’t a smart move. Read More/Source/Credit/FairUse: https://www.newsbusters.org/blogs/nb/nicholas-fondacaro/2020/02/16/stelter-was-i-stupid-say-avenatti-was-serious-2020-contender

The market may very well “fake it until make it” through a 3-6 months bump in economy, and the bull market can continue throughout 2020.

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by cookingboy Over the past few weeks I, along with some others around here or in the investment community in general, are a bit puzzled by the market’s extremely bullish outlook despite the economic impact of nCoV virus turning out to be a lot more severe than initially expected by many. In my original post about the … Read more