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via smh.com.au There’s something quite odd about a sharemarket that rises more than 26 per cent over a year in which world economic growth was the weakest since the financial crisis. That is, however, what the US market has done (the Australian market has risen just over 20 per cent) even though US GDP growth last … Read more
via mishtalk Here we go again. The mortgage lending industry seeks to eliminate debt-to-income rules for home buyers. At the peak of every boom comes one final act of repetitive stupidity. This may be it. Please consider CFPB Moves to Eliminate Mortgage Debt-to-Income Rule for Borrowers. In a letter CFPB Director Kathy Kraninger sent to Congress today, … Read more
by newUsername2 No idea how they got my information but I got an email saying congrats you’ve been hired to be a mystery shopper, expect a check and instructions in the mail. Package came in addressed to me with multiple checks to deposit into my account and instructions to purchase gift cards from Apple and … Read more
(1:15) TRANSCRIPT: This is their president we are talking about. The President of the United States does not serve at the pleasure of the Legislature, does not serve at the pleasure of Joe Biden, does not serve at the pleasure of Henry Hyde, does not serve at the pleasure of the Congress, as a Prime … Read more
by Michael Snyder We better hope that the U.S. economy holds together in 2020, because if there is any sort of major economic crisis much of the country is going to be broke almost immediately. Today, close to half of all Americans are living on the edge financially. For many, it is out of necessity, … Read more
Even as the Fed floods the market with $400 billion in four months, with stocks at record highs, and reality pooh-pooed as irrelevant. What’s different this time? By Wolf Richter. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: The stock market is at all-time highs. The Nasdaq has skyrocketed even more than … Read more
by UPFINA You probably already know one of the most discussed topics on Wall Street is how stocks rallied much more than earnings increased in 2019. This is why the forward PE multiple of the S&P 500 is at 18.6 according to FactSet. As you can see from the chart below, quarterly returns on a year over … Read more
Boeing. Everyone wants to buy the dip, but it’s still trading near its highest EV to sales ever. It could be the Enron scandal of our day. Or it could just be good ole Boeing that gets crushed in every business cycle downturn. Either way, $BA does not look like a buy. pic.twitter.com/tgwJo9AmSQ — Kevin … Read more
U.S. Wage Expectations Rolling Over – @SoberLook @DataArbor pic.twitter.com/nqOVqQPJSk — Rob Hager (@Rob_Hager) January 21, 2020
by MakeTotalDestr0i I have been reading annual reports and prospectus of some big companies and some of the covenants on old loans/bond debt will get triggered and accelerate repayments and all sorts of other crazy things if the next recession hits as hard as the last one. Lots of stock buybacks and other good … Read more
via barrons Advanced Micro Devices stock can go much higher even after its big rally, Cowen argues, due to the chip maker’s potential share gains in the notebook market. Its valuation, however, has the firm’s analyst “nervous.” AMD (ticker: AMD) makes processors that act as the main computing brains for personal computers, servers, and graphics cards. The company’s stock … Read more
This state is getting way out of control . Is there no recourse to this and criminalizing speech and other unlawful antics ? This country sucks in 2020 . No one has the balls to do anything . AC
The coronavirus in China is spreading, and largely could have been prevented. A town 7 km from where the virus was discovered in Wuhan had a state run banquet with 100,000 people eating off of the same dishes. This was 2 days after 49 cases were confirmed in Wuhan, China. The Chinese government is trying … Read more
Nobody wants to hear Adam Schiff say the same things over and over again
… impeachment NOT for a criminal act? … WOW! … it is truly POLITICAL!!! … https://www.youtube.com/watch?v=cUogb2A8wsM&feature=youtu.be https://www.youtube.com/watch?v=mt6iURf1h_E&feature=youtu.be https://www.youtube.com/watch?reload=9&v=pmBz2E4x-z0&feature=youtu.be https://www.youtube.com/watch?v=kf6BMZAJdg8&feature=youtu.be https://www.youtube.com/watch?v=fhufvUXNso4&feature=youtu.be h/t wisconsin
Do you think that the Fed can pull back on the amount of money they’re printing without creating a new crisis? It has only been 24 hours and yet so much information has piled up. It’s impossible to keep up with the level of complexity in this financial system. The nuances. The in’s and out’s. … Read more
https://www.politico.com/news/2020/01/22/tulsi-gabbard-sues-hillary-clinton-over-russian-asset-smear-102074?fbclid=IwAR3mNAVBz0BYd6Lj8rXNIkuMsWnU5FqK_qJ_XZZdGLQP2ag79reUVzD_p-Q Hillary Clinton describes Bernie Sanders as a ‘career politician’ who ‘nobody likes,’ in a new documentary. The fiery words revealed lingering bitterness toward Sanders, years after he unexpectedly challenged her in the 2016 Democratic primary https://t.co/djje3c3R2w pic.twitter.com/hQAL75KFoa — Reuters (@Reuters) January 22, 2020
Via Economic Cycle Research Institute (ECRI), The consensus is that the U.S. consumer is still strong enough to propel the economy forward even though the manufacturing sector has weakened. This view underpins expectations for improved corporate earnings in 2020. But the hard economic data strikes a discordant note. In particular, growth in industrial production on a year-over-year basis remains … Read more
by OB1_kenobi Article shows the staggering level of $$$ that passes into the hands of the Military Industrial Complex and the results are. I’m no genius, but $35 Trillion sounds like a lot more than just accounting changes. Someone either stole something, they’re hiding something… or they’re hiding that they stole something. From bloomberg: The … Read more
by FringeCenterPodcast NEW: Democratic presidential candidate Rep. Gabbard has filed a defamation lawsuit against Hillary Clinton, claiming that Clinton "carelessly and recklessly impugned" her reputation with "favorite of the Russians" comments. https://t.co/DjDEzsfcAJ — NBC News (@NBCNews) January 22, 2020 First off I’m not in anyone’s camp. Tulsi says some stuff I agree with about being anti … Read more