Square has fallen 40% since it 2018 peak. The company reported, yesterday after the bell, Q3 sales growth of 43% and a 42% increase in gross profits

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Square’s stock dropped in August after guidance for adjusted revenue fell short of analyst expectations of $599 million. Yesterday’s print show adjusted revenue of $602 million. Investors should bear in mind that Square continues to grow revenue at an impressive rate in a total addressable market that Square estimates (in the US alone) at almost … Read more

Why the prospective $70 billion buyout of Walgreens may signal the stock-market rally is about to end

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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

WeWork and Uber cost SoftBank’s Vision Fund a quarterly loss of $8.9 billion

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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

China’s 2020 Crisis: $283 Billion of Maturing Local Debt

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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.

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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  

Nearly 90% of the world’s internet users are being monitored

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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

Commerzbank Steps Up Plan to Pass on Negative Interest Rates

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(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

Anyone who sells anything before 100 is a chicken.

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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

Just about anything Chinese, nobody knows the real data on this, and whatever is reported is likely falsified or embellished.

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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

TO TAKE OVER OUR…SMUGGLING ROUTES”??? Did relative of Americans killed in Mexico have Freudian slip?

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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

Elliott Wave Technician: Very Sharp Rally In Silver Could Be Next Big Event In Markets

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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

The Four Prosecutors Who Just Won Elections In Virginia Were All Backed By George Soros, Are the people of Virginia aware of what they have done

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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

Drudge goes full fake news

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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.

ALWAYS: Media Fails: Narrative Above Everything Else…. NBC killed story on Harvey Weinstein, saying it didn’t meet their editorial standards. ABC spiked story on Jeffrey Epstein, saying same.

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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

POCKET CHANGE: AT&T will pay $60 million over fake unlimited data ‘bait and switch scam.’

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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