A new survey has revealed that users of online loans are predominantly young females. Are women more impulsive than men? Do they have a different relationship with money than men do? Recklessness? The battle of the sexes is never far away, however, this time it comes in the form of claims young women are more … Read more
Michael Bloomberg’s sickening suppression of his own journalists would shame even Putin, proves Trump is right about fake news, and makes him unfit to be President. Thirty years ago this month, New York financial data tycoon Michael Bloomberg telephoned Wall Street Journal writer Matthew Winkler and asked: ‘What would it take to get into the … Read more
by Jeff Thomas via International Man In the days of yore, there were kings. Everybody could agree to hate the king because he was rich and well-fed, when most of his minions were not. Then, a more effective system was invented: democracy. Its originators had in mind a system whereby the populace could choose their leader … Read more
Authored by Christoph Gisiger via TheMarket.ch, Tad Rivelle, Chief Investment Officer of the Californian bond house TCW, doubts that the Central Banks can prevent the impending economic downturn. He spots increasing signs of stress in the credit sector and recommends holding safe assets to be prepared for turmoil in the financial markets. Mr. Rivelle, who rarely gives interviews, … Read more
by howmuch Winter is the season for sleigh rides, chestnuts roasting on an open fire–and lots of holiday shopping. Holiday spending in November and December has seen a dramatic upswing since the 2008 recession. But how does spending for the winter holidays like Christmas stack up against spending for other holidays and events throughout the year? That’s … Read more
https://www.youtube.com/watch?v=cB-lXch-cxE
via Foxnews: The Clinton Foundation has said it accepted a $1 million gift from the Qatari government without notifying the State Department that it had done so, an apparent violation of an ethics agreement Hillary Clinton signed when she became Secretary of State in 2009. Under the terms of the agreement, Clinton promised the foundation … Read more
https://www.youtube.com/watch?v=5c0uB6B1sr0 The [DS]/MSM they are now on the defensive, they are trying to get ahead of stories. The evidence, facts are now on deck, the IG FISA report is going to be released soon, pain is coming. Q drops more bread, the movement is spreading world wide, the 4am talking points are exposed and a … Read more
by django64 Here is a little tip from the book High probability trading: Some of my worst days were when I’d come in thinking I would only be shorting for the day because the market had been weak. On days like this I start out with a short and make money, and then the market … Read more
by RLWSNOOK As we continue higher it’s hard not to point out the record short position that has formed in the vix. Wondering if everyone feels this is normal or cause for concern. Here is a chart of the net short interest: https://postimg.cc/TL8Hjrp0 For reference here is a chart of ccc junk credit spreads vs … Read more
In a unique market cycle recently characterized by greater volatility, two reports reconsider active management and the traditional asset allocation mix. After fees, active investing typically doesn’t outperform passive, as is well documented by the S&P Indices versus Active reports (a.k.a. SPIVA). However, in an environment of low interest rates and high valuations for traditional … Read more
There is an immense retirement crisis brewing in the United States. It won’t end well for anyone; it could even lead to an outright economic crisis. Here’s the sad part: it may already be too late to do anything about it now. The damage is done. You won’t hear about it much in the mainstream … Read more
BY JOHN RUBINO Egon von Greyerz: Unprecedented risks — are you 50% in gold? … Dr. Mark Skidmore: $21 trillion is missing and I think we’re in trouble … Novo Resources: We’re on the verge of costs that are an order of magnitude lower than normal … Karl Denninger: Student debt is an epidemic and … Read more
by Michael Snyder The biggest shopping day of the year is almost here, and marketers are working hard trying to extract as much money from U.S. consumers as possible. Unfortunately, it is becoming increasingly difficult to get consumers to open up their wallets, because many of them are already drowning in debt. As a society, … Read more
When running a business, there are many different audits that you can get in order to improve your business. A financial audit is a little different though as it’s making sure you’re paying everything correctly and that you’re not trying to hide additional money that you’re not declaring to the taxman. So with this in … Read more
A few years ago, Alesia Peterke of Pleasanton, California, thought nothing of plunking down $275 for a Coach handbag. “I would have wanted to keep up with the Joneses,” Peterke, 52, says. Now, she buys $60 purses that last just as long, hunts for bargains and prefers to spend money on experiences that create lifelong … Read more
via wallstreetonparade: The National Information Center is a little-known repository of bank data collected by the Federal Reserve. It is part of the Federal Financial Institutions Examination Council (FFIEC), which was created by federal legislation to create uniformity in the examination of U.S. financial institutions by the numerous federal regulators of banks. Quietly, the National Information Center has … Read more
FITCH: “Global car sales “are likely to decline by around 3.1 million units in 2019, a larger decline than in 2008 ..” (via @FitchRatings @pattidomm) pic.twitter.com/nAaV5R8npo — Carl Quintanilla (@carlquintanilla) November 25, 2019 This sounds vaguely familiar >>Yield-crazed investors pile into US subprime car loans The market for securities backed by the riskiest US car … Read more
by Michael Snyder The most powerful winter storm to hit the west coast in ages has been dubbed “Winter Storm Ezekiel”, and this “historic storm” is going to make Thanksgiving travel an absolute nightmare for millions of people. Heavy snowfall combined with winds gusts of “over 70 mph” will create severe blizzard conditions in some … Read more
