The call came about 10 minutes before we were set to check into the Airbnb. I was sitting at a brewery just around the corner from the rental on North Wood Street in Chicago when the man on the other end of the line said that our planned visit wouldn’t be possible. A previous guest … Read more
At the turn of the millennium, a group of entrepreneurs in their twenties banded together in a cramped office near a New Delhi bus terminal to start what they hoped would be India’s answer to Charles Schwab. Almost two decades later, founder Sameer Gehlaut — the son of a politician and army officer, once dubbed … Read more
by angrypelican29 SPX RSI overbought (see chart with VIX overlay in pink and Parabolic SAR overlay .VIX MACD about to go positive (see second chart). Market up VIX, up divergence. Went long SPX 3030 puts for Wednesday @ $.60 https://preview.redd.it/uyw9e2jnapw31.png?width=699&format=png&auto=webp&s=0876f1e2839ed85f8cf7323a78ee4df1c827f8e6 https://preview.redd.it/7vaco8jnapw31.png?width=788&format=png&auto=webp&s=6d10ace870c46709bd4c976e797053d628e6eca5 Disclaimer: Consult your financial professional before making any investment decision.
by Michael Snyder The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Sell first, ask questions later.” The $1.2-trillion US leveraged loan market is starting to get downgrade-indigestion. So far this year through October 11, of the 1,460 leveraged loans in the S&P/LSTA Index, 282 issues were downgraded, already exceeding the 244 downgrades for the entire year of 2018, and blowing past the … Read more
Authored by Douglas Citignano via Off-Guardian.org, In today’s world, the phrase “conspiracy theory” is pejorative and has a negative connotation. To many people, a conspiracy theory is an irrational, over-imaginative idea endorsed by people looking for attention and not supported by the mainstream media or government. History shows, though, that there have been many times when … Read more
by Michael Snyder Would you kill someone for a chicken sandwich? If your answer is no, what if it was a really, really tasty chicken sandwich? After a two month wait, Popeye’s spicy chicken sandwich finally returned on Sunday. It was “national sandwich day”, and fans in many locations started lining up well before stores … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Burning cash is easy; It’s quite flammable and just goes up in smoke. Here it is in a nutshell, the philosophy of “growth at all costs.” Uber’s total revenue increased 29% to $3.81 billion in the third quarter compared to a year earlier, the company reported this afternoon. And that’s very good revenue … Read more
by Charles Hugh-Smith The net result is the muddle class has the signifiers but not the wealth, power, capital or agency that once defined the middle class. The first use of the phrase The Muddle Class appears to be The rise of the muddle classes (Becky Pugh, telegraph.co.uk) in January 2007. The “muddle” described the complex nature of defining … Read more
https://twitter.com/RealSaavedra/status/1191461344270143488
https://t.co/C65WHWAr9F Yep the story about it. So amazing how the Bidens got millions when they knew nothing about the businesses they got money for, from foreign countries. — TruthWithin (@truthiswithn) November 5, 2019 James Biden isn’t a big name in the business of residential housing development, so what exactly qualifies him to work at a … Read more
via Zerohedge: After August’s contraction, Factory Orders in September were expected to accelerate their decline, but the 0.6% MoM drop was more than expected. This sent the year-over-year contraction in factory orders down to -3.5% – the worst since July 2016… Source: Bloomberg Additionally the final durable goods orders print for September worsened, dropping 1.2% MoM … Read more
Via Marketwatch In one chart: Warren could go it alone in 21 policy areas, including breaking up big tech, says Barclays As some investors fret that Wall Street-bashing progressive Sen. Elizabeth Warren could get elected president next year, a Barclays analyst has put together a chart showing what she could accomplish in the White House … Read more
If you keep voting for the people who do this to you, you will keep getting it done to you. A ‘diet’ to give California drivers indigestion In the past, it was other people’s governments that would seek to make your life more difficult. But increasingly in California, the most effective war being waged is … Read more
Majority say they are not better off financially under Trump: poll A majority of respondents in a new poll said they are not in better shape financially since President Trump assumed office. The Financial Times-Peterson poll released Monday found that almost two-thirds of Americans said their finances haven’t gotten better since Trump has taken office. Thirty-one percent of respondents in the new … Read more
It is worth noting that previously there have been three (3) votes by the full House on impeaching President Trump. Each failed miserably, losing lopsided and bipartisan votes. Never mind again. Now comes Mrs. Pelosi forcing a vote by the full House on a formal impeachment inquiry. It passed by brute majority, 232-196. While technically a “win” … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold is heading towards $1,600, Chinese investors pour into gold over economic worries, and new American Gold and Silver Eagle designs are coming in 2021. Goldman Sachs: Gold will reach $1,600 within … Read more
