$5.7T in Non-Financial US Corporate Debt. And It All Gets More Expensive From Here… JPMorgan Downgraded: “Offers the Least Upside”

Investors to Corporate America: You’ve got a debt problem New York (CNN Business)It’s getting awfully difficult for investors to ignore Corporate America’s mountain of debt. Fears of an economic slowdown — or even recession — have turned a spotlight on …

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Asking the Fed to stop raising rates here is, historically speaking, completely absurd. To do is to admit this bull market has been nothing but a cheap money/debt balloon fantasy construct.

https://twitter.com/NorthmanTrader/status/1075362089781354496 https://twitter.com/NorthmanTrader/status/1075359150144671744 pic.twitter.com/ib0p6TQeOz — M/1_LP (@MI_Investments) December 19, 2018 https://twitter.com/OccupyWisdom/status/1075385528374226944 Yield Yield Yield – this chart says we are PRESENTLY IN A MAJOR BEAR MARKET NOW $SPX pic.twitter.com/TBpOGeipQN — mcm-ct.com (@mcm_ct) December 19, 2018 Corp bond issuance,,,,,same double top formation …

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“In putting the interests of the creditors over the 99%, the economy is committing financial suicide” – Michael Hudson on debt forgiveness

https://youtu.be/AdPukQ96vEA Economist and author, Michael Hudson, in his new book “…And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year,” shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent …

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Economic Sentiment is rolling over; Weekly Midcap momentum crashes to 2008 levels; SPYB buyback index continues to lead the markets lower; Yet traders not fearful

Weekly Midcap momentum crashes to 2008 levels! pic.twitter.com/JHqJlZdQoh — Alastair (@StockBoardAsset) December 19, 2018 Economic Sentiment is rolling over-> New cycle high for "how to prepare for a recession" pic.twitter.com/UUd9L0ozub — Alastair (@StockBoardAsset) December 19, 2018 $SPYB buyback index continues …

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Chart: Mean-reversion can be painful

Chart: Mean-reversion can be painful – pic.twitter.com/4jFVAewG08 — (((The Daily Shot))) (@SoberLook) December 18, 2018 … vs. China – pic.twitter.com/9h09yKVdB8 — (((The Daily Shot))) (@SoberLook) December 18, 2018

Nomi Prins: The Fed Is Panicking

Authored by Nomi Prions via The Daily Reckoning,   This week I’ve been in Washington, D.C. for high level meetings focused on the economy. While meeting with senior officials and members of the House and Senate, it became clear that a …

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Blue Apron’s 90% Drop

https://www.bloomberg.com/news/articles/2018-12-18/blue-apron-s-90-drop-makes-it-third-worst-u-s-ipo-this-decade?srnd=premium https://www.cbsnews.com/news/once-tasty-blue-apron-is-now-a-penny-stock/ Blue Apron went public last year in an initial public offering priced at 10 bucks a share. Its stock has been slowly unraveling ever since — the company has lost 90 percent of its market value since the …

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SoftBank to sell its telecom division to help pay for their tech bets

https://www.economist.com/business/2018/12/22/masayoshi-son-floats-part-of-softbank-to-help-pay-for-his-huge-tech-bets Mention Softbank and most Japanese people, understandably, think of telecoms—it is Japan’s third-largest wireless carrier. The company hopes to weaken that association. SoftBank is listing its telecoms arm; shares in the unit were due to begin trading on December …

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More austerity to come for Greece? Hundreds protest against first post-bailout budget…. EU bureaucrats get huge Christmas bonus

https://www.youtube.com/watch?v=h4lgZl85aac Hundreds of protesters took to the streets of Athens on Tuesday, as the first post-bailout economic budget went to vote in the Greek parliament. Protesters with banners and signs marched towards the Greek parliament, while chanting anti-austerity slogans. http://www.therebel.media/watch-jack-… …

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Is All Lost? Record Share Buybacks But Stocks Get Crushed

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The vengeance of share buybacks: buyback queen Apple plunges. In the third quarter, share buybacks by S&P 500 companies totaled $203.8 billion, according to S&P Dow Jones Indices today. These are actual buybacks, not hyperventilated announcements …

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Facebook Allowed Netflix, Spotify, And A Bank To Read And Delete Users’ Private Messages; The social network also allowed Microsoft’s search engine Bing to see the names of nearly all users’ friends without their consent, according to a report.

by AssuredlyAThrowAway via NYT: For years, Facebook gave some of the world’s largest technology companies more intrusive access to users’ personal data than it has disclosed, effectively exempting those business partners from its usual privacy rules, according to internal records …

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