If investors ever needed a clear signal that this is the top of the market, they now have one. Walgreens Boots Alliance shares surged Wednesday amid speculation that the U.S.-listed drugstore group has been considering a $70 billion take-private deal. If private equity can pull it off, it would be the biggest leveraged buyout ever, dwarfing the … Read more
We now know exactly how much all the WeWork drama of the past few months cost SoftBank, one of its largest investors. As Investor’s Business Daily reports, SoftBank has reported a quarterly loss of 970.3 billion yen in its Vision Fund, which amounts to an $8.9 billion loss for the quarter ending September 30. WeWork wasn’t responsible for all … Read more
Best economy ever. Earnings aren’t just contracting… They are also at their worst spread against inflation since the Great Recession. pic.twitter.com/Ca2cJjswpZ — Otavio (Tavi) Costa (@TaviCosta) November 7, 2019
China will face another potential financial crisis in 2020 when local governments must pay-off over $283 billion in maturing municipal debt. The Sino-U.S. trade war has cost the Chinese economy about $117 billion as the Trump administration relentlessly ratcheted up tariff rates over the last two years. China protected domestic jobs by directing local government … Read more
Pretty crazy the bottom 50% of households owe 36% of all debt but only own 6% of assets. Their growth in liabilities have been outpacing income growth for several decades. #ConsumerIsSolidNarrative pic.twitter.com/Gn82LddboE — Greg (@GS_CapSF) November 7, 2019
via mashable: A new report claims, surprise, social media isn’t really that free. Instead, it’s full of bad faith actors manipulating elections and government officials surveilling users. The report, 2019 Freedom on the Net, comes from “independent watchdog organization” Freedom House. And after reading the whole thing (PDF), that still feels like it’s underplaying the growing tire … Read more
(Bloomberg) — Commerzbank AG is intensifying efforts to charge clients for keeping deposits at the lender to ease the pain of negative interest rates. Germany’s second-biggest publicly listed bank has been passing on negative interest rates to corporate clients for some time, Chief Financial Officer Stephan Engels said Thursday on an analyst call. That effort … Read more
Authored by Sven Henrich via NorthmanTrader.com, Lots of chatter about a coming melt-up coming in stocks. And why not? If fundamentals or earnings growth no longer matter and markets are drowning again in artificial central bank liquidity may as well forego any valuation or fundamental discussion. Yet as we speak markets are getting to key … Read more
by cbus20122 Jim Chanos still thinks Chinese RE is the most important asset class in the world. https://twitter.com/WallStCynic/status/1191899839124189184?s=20 Problem is, like just about anything Chinese, nobody knows the real data on this, and whatever is reported is likely falsified or embellished. The main questions that come to my mind now are if prices continue to drop and more people … Read more
In the second video in the link, starting about the 3:20 mark: “Fighters had been sent on by foot to combat a cartel in, in our state.” “They came in…to uh, to fight and try to take over uh our you know, just some some smuggling routes, I guess. That’s what they’re warring over so…” https://www.foxnews.com/media/relative-langford-family-killed-mexico-fox-friends Just … Read more
by Captain Ewave of CaptainEwave Captain Ewave S&P500, Gold, & Silver: Trends & Trades Email: admin@captainewave.com Website: http://www.captainewave.com Nov 6, 2019 GOLD: Short Term Update It still looks like all of our wave *iv* correction is complete at the 1465.00 low, and that wave *v* higher in now underway. We could still be working on a wave *iv* bullish triangle also. … Read more
Here’s why George Soros, liberal groups are spending big to help decide who’s your next D.A. https://www.latimes.com/local/california/la-me-prosecutor-campaign-20180523-story.html For years, Democrats have accused the Koch brothers of using their vast wealth to buy elections by backing Republican candidates. But now, they are doing something much worse. They are using the money of the far left billionaire … Read more
by EnoughGunControl “Fake News”: Pence Team Denies He Was On Board For 25th Amendment Trump Removal Vice President Mike Pence has denied that he ever considered supporting the use of the 25th amendment to remove President Trump from office, reports the Washington Examiner.
via victorygirlsblog: There’s a reason that the media is seeing its poll numbers on trust sink like a rock in a pond. They continually prove, again and again, that their narrative is more important than facts. Two stories in the last 24 hours have again proved this point of narrative über alles. Yesterday, Project Veritas dropped a bomb on … Read more
via techcrunch: AT&T is being punished at last for its shady claims of plans with “unlimited data” but were in reality nothing of the kind: The company has agreed to a $60 million settlement with the FTC, which has pursued the case for years. Some 3.5 million affected customers can expect partial refunds — little more than … Read more
https://www.youtube.com/watch?v=7XRtj_JGvvA
by Josh Sigurdson and John Sneisen of World Alternative Media Josh Sigurdson talks with Tim Picciott of The Liberty Advisor about the countless countries swapping out of the US dollar as concerns regarding the faith in the dollar pile up. The dollar’s only hope is renewed faith, but as we’ve seen in recent years, more and more countries as well … Read more
Authored by Lance Roberts via RealInvestmentAdvice.com, Corporate profits are worse than you think. In a recent post, I discussed the deviation of the stock market from corporate profitability. To wit: “If the economy is slowing down, revenue and corporate profit growth will decline also. However, it is this point which the ‘bulls’ should be paying attention to. … Read more
Lo and behold – there has been another delay to the “phase one” US-China trade deal! It didn’t happen in October. It won’t happen in November. Now it might happen in December. Or it might not. Bloomberg “market pricing” odds are currently around 62%, which is about right considering that the Reuters news report of the … Read more
