A 10-year slump for equities?

https://www.youtube.com/watch?v=eFujzlkgubs In the wake of Tuesday’s market carnage, with almost all of the major indices losing 3% of their value, Dan sees a rough slog ahead for almost all U.S. stocks. By any reasonable metric, stocks are a bad deal …

READ MORE

Lyft files to go public

From CNBC:   Ride-hailing company Lyft on Thursday confidentially filed a statement with the U.S. Securities and Exchange Commission for an initial public offering, signalling it could be the first major tech IPO of 2019. Lyft and rival Uber have each teased …

READ MORE

How the Feds Wasted $5 Trillion

By Bill Bonner BALTIMORE, MARYLAND – Yesterday, the markets took the day off to say farewell to a former president. Today, they are back at work. They were set to bounce this morning, following Tuesday’s big sell-off. But who knows? …

READ MORE

Macron on brink… Approval rating crashes to 18%… France to deploy 65,000 cops as protesters plan massive Saturday demonstration…The US Embassy in Paris will likely also be closed

‘Final outcome’: France to deploy 65,000 cops as protesters plan massive Saturday demonstration With protesters planning to converge in the Elysee Palace in Paris on Saturday, French authorities are preparing to deploy 8,000 additional officers in Paris and 65,000 nationwide. …

READ MORE

Judge just approved Discovery in Judicial Watch’s suit against the (Clinton) State Dept

Dated today. https://ecf.dcd.uscourts.gov/cgi-bin/show_public_doc?2014cv1242-54 Judicial Watch heavy lifting gets results in court. Here’s the latest: https://www.judicialwatch.org/press-room/press-releases/federal-judge-opens-discovery-into-clinton-email-usage/ FITTON:MASSIVE Breaking: Fed court excoriates State and DOJ on Clinton email, orders discovery plan in 10 days as to whether Hillary Clinton email system an intentional …

READ MORE

The Canary In The Coal Mine Has Died…

Authored by Chris Hamilton via Econimica blog, What happens when asset valuations rise well in excess of income?  Generally bubbles form and then burst.  With that in mind… Wilshire 5000 (red line representing all publicly traded US equities), disposable personal income …

READ MORE

Facebook’s seized files published by MPs

Emails written by Facebook’s chief and his deputies show the firm struck secret deals to give some developers special access to user data while refusing others, according to MPs. A cache of internal documents has been published online by a parliamentary committee. …

READ MORE