World Economy Haunted by Risk Just Got a Double Shot in the Arm
by confoundedinterest Its a double shot of economic love! (Bloomberg) — Two of the biggest hurdles constraining the world economyhave just been cleared. Dogged for most of 2019 by trade tensions and political risk that hammered business confidence, the outlook for global growth will enter 2020 on a firmer footing after the U.S. and China struck a partial trade deal and … Read more
Consumer confidence is the next shoe to drop
Peak consumer complacency. Falling personal finance survey is likely a key hint. Abundance of macro imbalances with labor market starting to crack & corporate earnings already contracting. Consumer confidence is the next shoe to drop. pic.twitter.com/Kl4qNKrLWc — Otavio (Tavi) Costa (@TaviCosta) December 15, 2019
System Failure: Central banks can’t reduce liquidity or markets fall apart and the process of never letting markets correct is producing valuations across the entire economic spectrum worse than even 2000
by northmantrader Rarely has failure been celebrated so much. But it is of little wonder after all, as all asset classes rose in 2019 in spite of slowing growth and flat to declining earnings. In religious debates the question is often asked: Why is there something instead of nothing? In financial markets the corollary question may … Read more
I just bought a used car for the first time. Here is what I learned.
by yipskip As the title says, I just bought a used car for the first time this past weekend. While I am very happy about the car and I think I found a good deal, honestly I found the entire car buying experience terrible so I figured I would try to share what I learned … Read more
US and China reached a trade agreement, but key details still unclear
After the U.S. and China announced the “phase-one” trade agreement, a critical point remains in question: agricultural purchases. U.S. Trade Representative Robert Lighthizer says China would buy at least $16 billion more agricultural goods in each of the next two years, Reuters reported. “That scale of purchases seems implausible and Chinese officials were reluctant to … Read more
PayPal and Microsoft’s employee holiday gift is a game changer for working parents
https://www.cnbc.com/2019/12/15/paypal-and-microsofts-employee-holiday-gift-thrill-working-parents.html PayPal, Microsoft and others are giving the gift of child care this holiday season so working parents can attend holiday office party and shop after hours. The online payments company and tech giant have teamed up with Bright Horizons, a provider of employer-sponsored child care. Microsoft and PayPal believe this initiative will raise productivity … Read more
Boeing reportedly nears decision on cutting or halting 737 Max production
https://www.cnbc.com/2019/12/15/boeing-considers-halting-or-further-cutting-737-max-production-wsj-reports.html The aerospace giant increasingly views a pause in production as the most viable option, according to The Wall Street Journal. Boeing’s board is meeting in Chicago on Sunday and a decision could come as soon as Monday. FAA chief Steve Dickson told CNBC on Wednesday that the regulator likely wouldn’t clear the 737 Max’s … Read more
The December eurozone malaise was led by sharpest fall in manufacturing output for over 7 years, down for 11th straight month.
https://t.co/NvFBDjCQvL — Teddy Vallee (@TeddyVallee) December 16, 2019 Markit: Eurozone malaise extends in December, ending worst quarter since 2013 (where are these "green shoots" that market has already priced in?) — Alastair (@StockBoardAsset) December 16, 2019 Another GDP forecast downgrade – now from New Zealand https://t.co/7YA092uqs7 — investingLive (@investingLive_) December 15, 2019
S&P 500 Forward PEG Ratio. So we got that goin’ for us. Which is nice.
S&P 500 Forward PEG Ratio. So we got that goin' for us. Which is nice. pic.twitter.com/LExmss6YFD — Not Jim Cramer (@Not_Jim_Cramer) December 15, 2019 Spotted: multiple expansion on steroids!$AAPL Apple's forward P/E ratio has almost doubled from the December 2019 low, now above 21, highest since April 2010. pic.twitter.com/RMvpZYSRLH — IV (@iv_technicals) December 16, 2019
Democrats Stop Worrying & Learn To Love Deficits
by Lance Roberts I was stunned by a recent article from Marshall Auerback via The Nation entitled “Why Democrats Need To Stop Worrying And Love The Deficit.” “Delivering on big progressive ideas like Medicare for All and the Green New Deal will never happen until Democrats get over their fear of red ink.” While the article … Read more
France records 391-mile traffic jam… Tensions mount over transport strike
A traffic jam of 391 miles was recorded on the outskirts of Paris on Monday morning as fresh strikes over pension changes brought public transport to a standstill in France for a third week. President Emmanuel Macron’s government appeared determined to push ahead with its plans despite the French transport strikes causing widespread disruption as they enter their twelfth day. In … Read more
Big Banks attempting to blackmail Federal Reserve for a new free money QE!
An Opinion About The Repo Market “Crisis” TJ
China vows to retaliate if Germany closes door on Huawei under US pressure
Beijing’s envoy to Berlin has warned Germany against siding with the US on Huawei, saying that China will retaliate if the telecom company is excluded from the German market, according to national media and Bloomberg reports. “If Germany were to take a decision that leads to Huawei’s exclusion from the German market, there will be … Read more
BAM! Impeachment Backfiring: SECOND Democrat Leaves The Party In 24 Hours
State Senator John Yudichak of Luzerne County, Pennsylvania said that he will be switching his registration to become an Independent. He will caucus with the Republican majority. Yudichak has criticized an increasingly liberal Democratic caucus that has led to this decision. Due to issues that he finds important, Yudichak believes there is a better home … Read more
PLEASE MAKE IT STOP: Get Ready For “Markets Rally On Hopes Of A Phase 2 Trade Deal”
via Market Crumbs, It was July 6, 2018 when you could argue the U.S.-China trade war officially began. On that day, American tariffs on $34 billion of Chinese goods came into effect. China immediately struck back with tariffs of its own. The two sides began going tit-for-tat and the trade war we have all grown to love … Read more
If You’re Not Taking Advantage of This, You Better Start…
by The Phoenix Stocks staged a MAJOR breakout last week. The blue line in the chart below has marked a TOP for every market rally this year. But not this time. Stocks broke through it to the upside. They then held it overnight into the next session. This is EXTREMELY bullish. In the very near term … Read more
THAT’S BECAUSE THE CITY IS RUN BY LEFTY NUTS: I’m all for criminal-justice reform but NYC’s latest changes are nuts.
To be fair, they’re not just nuts. They’re also crooks. So there’s that. via NYPOST: New York desperately needed to fix its criminal-justice system, but — as we’re now belatedly learning — the reforms Gov. Andrew Cuomo signed into law last spring go way too far. They’re sure to cause more harm than good. What should have … Read more
SOCIALISM: IF YOU BUILD IT, THEY WILL LEAVE.
Veteran columnist Andrew Malcolm: California is a wondrous place. I’m leaving. I lived in Illinois for many years, so I know one-party government well. Shortsighted Californian voters get what they elect—a loopy super-majority that lets billions in approved water bonds for reservoirs sit idle during an historic drought, so trillions of gallons of welcome rains flow … Read more
President Donald Trump mocked House Speaker Nancy Pelosi on Sunday for “her teeth falling out of her mouth” during a press
President Donald Trump mocked House Speaker Nancy Pelosi on Sunday for “her teeth falling out of her mouth” during a press conference last week. Trump commented on a video clip highlighted by Rep. Mark Meadows featuring a reporter asking Pelosi why Democrats did not charge Trump with the crime of bribery. “Because it wasn’t true,” … Read more