Joe Biden Downplays Expectations In New Hampshire As Voting Gets Underway. “As voters head to the polls in the New Hampshire primary, former Vice President Joe Biden announced Tuesday that he and his wife, Jill Biden would be fleeing the state for South Carolina as the campaign braces for another poor performance…Healthy campaigns expecting to … Read more
by Charles Hugh-Smith Ending the limited quarantine and falsely proclaiming China safe for visitors and business travelers will only re-introduce the virus to workplaces and infect foreigners. China faces an inescapably fatal dilemma: to save its economy from collapse, China’s leadership must end the quarantines soon and declare China “safe for travel and open for business” … Read more
Another overvalued money-losing unicorn in a lo-tech ho-hum business wobbled out the IPO window and crashed. By Wolf Richter for WOLF STREET. Casper Sleep Inc., a money-losing cash-burning retailer of foam-mattresses, duvets, sheets, and other bedding items, had dressed itself up as some sort of magical tech company to obtain its former hyper-inflated unicorn status with a fantastical … Read more
Down 15% from a year ago. Employment lags job openings by a few months. It hit the usual suspects but also the services industries, including finance & insurance, tech, and healthcare. By Wolf Richter for WOLF STREET. Let’s make this clear: these are job openings in December and prior months, before the novel coronavirus had shown up on … Read more
by visualcapitalist View the full-size version of this infographic. In 2018, intangible assets for S&P 500 companies hit a record value of $21 trillion. These assets, which are not physical in nature and include things like intellectual property, have rapidly risen in importance compared to tangible assets like cash. Today’s infographic from Raconteur highlights the growth of intangible asset valuations, and … Read more
https://www.cbp.gov/newsroom/local-media-release/dulles-cbp-intercepts-dead-birds-passenger-baggage-china STERLING, Va. – U.S. Customs and Border Protection (CBP) agriculture specialists recently seized a package of tiny dead birds in a passenger’s baggage at Washington Dulles International Airport. The package of pet food fromChina consisted of tiny dead birds. The traveler arrived on a flight from Beijing, China January 27 and was destined to an … Read more
by Mac Slavo of SHTFplan Food prices have skyrocketed in China amidst the ongoing coronavirus outbreak plaguing the country. Food prices are soaring more than 20% according to government statistics released Monday. China’s consumer price index (CPI) spiked 5.4% compared to this time last year, the country’s state-run media organization Xinhua reported, citing the National Bureau of Statistics data … Read more
by Chris Vermeulen of The Technical Traders STOCK MARKET SECTOR ROTATION SHOULD PEAK WITHIN 60+ DAYS The first part of this article highlighted what we believe is the start of a broad market sector rotation setup in the US and global markets. This second part will highlight what we believe are excellent examples of sector trade setups for our friends … Read more
By Harry Dent Elon Musk was looking like a crazy man in June of 2019 when Tesla (Nasdaq: TSLA) stock plunged to a low of $179. But now he’s a real genius, with the stock peaking at $969 on February 4. Welcome to bubble land. This is just another sign, along with the very bubbly … Read more
by Martin Armstrong Anyone who has been traveling these past few years will notice the changes in tourism. Back in the ’90s, the number one tourist group was clearly Japanese. As their economy imploded thanks to government mismanagement, the next group was the Russians. When I was in Venice a year ago, there are a … Read more
by Fabius Maximus Summary: Rising homicide rates and normalization of theft are two epidemics afflicting some of America’s cities. These things spread, unless we do something to stop them. Since we accept them as normal, we’ll get more of them. “Paying for things is for dummies!” — Harley Quinn in Birds of Prey. Bad news for us … Read more
Tech/S&P ratio weekly RSI just hit the 2nd most overbought reading *of all time* (30 years). History being made – it doesn't get much more extreme than this. Only one week ever closed higher – Jan 29 1999, the start of a five-month -15% correction. $XLK $SPT $SPX pic.twitter.com/6hCh4tI7fX — Macro Charts (@MacroCharts) February 10, … Read more
$AMZN stockpiling products made in China – this means likely supply chain woes coming — Alastair (@StockBoardAsset) February 10, 2020 $AAPL momentum has been lagging pic.twitter.com/35jKhM2jio — Alastair (@StockBoardAsset) February 10, 2020 monetary policy useless in fixing severed supply chains pic.twitter.com/LBEFaoXKxt — Alastair (@StockBoardAsset) February 10, 2020 First Quarter US GDP May Be as … Read more
https://twitter.com/S_Rabinovitch/status/1226713276161110016 Apple's main iPhone maker Foxconn to resume some Chinese production but only 10% of the workforce! Basically labor-intensive supply chain rather hurt! https://t.co/I5vrh6joJz — Trinh (@Trinhnomics) February 10, 2020
Mission impossible? WHO director fights to prevent a pandemic without offending China Interesting insights on depth of challenge. “WHO has never faced such a fast-moving epidemic in a country that is quite that powerful and, in many ways, closed.” https://t.co/4XdsArxgfv — Danielle DiMartino Booth (@DiMartinoBooth) February 10, 2020 Breaking – Chinese expert Zhong Nan-Shan led … Read more
A *9 year* prison recommendation for non-violent crimes committed by a 67-year-old man. https://t.co/9w7IUa2f09 — Chuck Ross (@ChuckRossDC) February 10, 2020 Any reasonable person knows that if this is the actual sentence for Roger Stone that it is an unhinged miscarriage of justice https://t.co/JcIJNm1IDY — Saagar Enjeti (@esaagar) February 11, 2020 Disgraceful! https://t.co/nNXEjJuVyw — Donald … Read more
Greg Price Verified account @greg_price11 Pete accidentally calls “dark money” “black money” while speaking to a room of black people. He then makes it so awkward that it physically hurt to watch this video. Pete accidentally calls “dark money” “black money” while speaking to a room of black people. He then makes it so awkward … Read more
https://twitter.com/alexscholzk/status/1227037942134140928 Cynthia Nixon, introducing @BernieSanders tonight in Durham, talks 2016 and her support of Hillary Clinton. Loud boos start to rain down. Nixon stops them: “oh no, oh no, we’re not going to do that here.” — Nick Corasaniti (@NYTnickc) February 11, 2020 h/t dr0id
Have you seen or heard anything showing concern for the corporate debt market? Any similarities with 2007? It is understated how interconnected U.S. tech stocks and China are. But of course, the data is there and unless something changes with supply chains, business models, or anything else, this is where it’s at. If there is … Read more
