by Simon Black In late 2002, about 17 years ago at this time of the year, I was a young Army officer deployed to the Middle East. It was just a few months before George W. Bush gave the order to invade Iraq, though all my fellow officers and I knew with 100% certainty that we … Read more
Rush Limbaugh read from Heritage Tax Policy Analyst Adam Michel’s latest op-ed in the Daily Signal. Nearing the two year anniversary of tax reform, Michel shares what’s at stake if the left repeals your tax cut in 2020.
If you don’t pay full price for the product, you are the product. That awesome new TV will be sure to make your life better, just don’t talk too loud near it. The vast majority of televisions available today are “smart” TVs, with internet connections, advertising placement, and streaming services built in. Despite the … Read more
Abstract While recent research has shown that cannabis access laws can reduce the use of prescription opioids, the effect of these laws on opioid use is not well understood for all dimensions of use and for the general United States population. Analyzing a dataset of over 1.5 billion individual opioid prescriptions between 2011 and 2018, … Read more
by UPFINA 2019 was a costly year for future returns if you believe that when valuations get more expensive, it lowers future returns. That’s because almost all of the gains came from multiple expansion and not from earnings. Earnings barely increased and stocks had an amazing year. According to FactSet, S&P 500 earnings growth was 0.3%. … Read more
Fed Ex has greater macro implications than most companies. pic.twitter.com/yQolNQDk94 — Not Jim Cramer (@Not_Jim_Cramer) December 18, 2019
The House of Representatives on Tuesday passed a $1.4 trillion spending package that includes a provision prohibiting the sale of cigarettes, e-cigarettes, cigars and other tobacco products to people under the age of 21. U.S. lawmakers on Monday negotiated a deal to add the provision, as well as other changes to health-care law, to the spending bill that funds … Read more
via pentoport: The global fixed income market has reached such a manic state that junk bond yields now trade at a much lower rate than where investment-grade debt once stood. Investment-grade corporate debt yields were close to 6% prior to the Great Recession. However, Twitter just issued $700 million of eight-year bonds at a yield of … Read more
Chinese corporate debt is the 'biggest threat' to the global economy, says Moody's chief economist – CNBC https://t.co/HhyYQMTIRB — Michael Ron Bowling (@mrbcyber) December 17, 2019 While corporate debt is a “fault line in the financial system and the broader economy,” Moody’s Chief Economist Mark Zandi flagged Chinese indebted companies as the “biggest threat.” A … Read more
Who knew? False narrative continues https://t.co/hohoxf3JnZ — JoeFriday714 (@joefriday_714) December 17, 2019 Good luck getting this out of China. https://t.co/ypH52HsKDk — Greg (@GS_CapSF) December 17, 2019
by zsd99 Don’t even ask the question. The answer is yes, it’s priced in. Think Amazon will beat the next earnings? That’s already been priced in. You work at the drive thru for Mickey D’s and found out that the burgers are made of human meat? Priced in. You think insiders don’t already know that? … Read more
Are millennials a lost generation financially? https://t.co/5kOPr06Pz0 pic.twitter.com/UK9JcAji4J — St. Louis Fed (@stlouisfed) December 17, 2019 Great Recession and Younger Families First, the Great Recession was devastating to many families, but younger families were hit harder and lost a larger share of their wealth than older families. To dive deeper, we looked at families grouped … Read more
https://twitter.com/NorthmanTrader/status/1206921566140940290 The Fed is printing money like it’s the depth of the GFC! It’s dealing with a repo liquidity crisis like 2008 but mystified as to the cause. The Fed's panic at this point in the economic cycle may hasten the unwinding of the imbalances it is so desperate to maintain. #GotGold? pic.twitter.com/oRQ7UfwwHW — Kevin … Read more
by SP What follows is supposition from a few data points, and some guesses on how things work. 1. A great deal of money from Bloombergs National PAC was focused to swing several key states this last election. Virginia has always been a red state due to the large numbers of rural counties. Virginia turned blue for the first time … Read more
by Jason Burack of Wall St For Main St Refinance lending has nearly doubled over the past three quarters, according to Black Knight. Cash-out refinances were up 24% since the last quarter of 2018 and made up 52% of all refinances. Homeowners withdrew a collective $36 billion in home equity, the highest amount in nearly 12 years. Commit … Read more
Trump sends letter to Pelosi registering his protest of impeachment pic.twitter.com/IEniQTGkkZ — Jordyn Phelps (@JordynPhelps) December 17, 2019 Jordyn Phelps @JordynPhelps Trump sends letter to Pelosi registering his protest of impeachment Trump tells Pelosi in blistering letter that Dems are ‘declaring open war on American Democracy’ That letter will go down in the historical … Read more
The Fed will be printing $1 trillion in a very short period of time. This is absolutely historic and yet nobody is complaining. They’re actually cheering the monetary easing to occur. Make it happen to ensure everything stays afloat. This financial magic cannot persist forever. It must eventually revert to the mean. The higher up … Read more
via realclearinvestigations: Democratic Rep. Jerry Nadler, the House Judiciary Committee chairman who has drawn up articles of impeachment accusing President Trump of abusing his power, last year falsely accused a Trump campaign aide of being a Russian spy who helped Moscow interfere in the 2016 election — an accusation the Justice Department’s watchdog declared unfounded in … Read more
HMM: Is China Planning To Incite A “People’s War” To Dominate The South China Sea? Party leaders have regaled the populace with how they will use seagoing forces to right historical wrongs and win the nation nautical renown. They must now follow through. It was foolish to tie China’s national dignity and sovereignty to patently absurd … Read more
