via mises: Listening to recent commentaries about the repo failures in New York leads one to suppose there is insufficient money in the system. This is not the real issue, as the chart below of the fiat money quantity for the dollar clearly shows. The fiat money quantity is the amount of fiat money (in … Read more
If you live in California, you probably know how aggressive California’s state tax agency can be. In fact, even if you live somewhere else, you might have heard of the Golden State’s aggressive tax rules. Buy a vacation home in California, and stay a little too long? Come into the state and do some work … Read more
via wallstreetonparade By Pam Martens and Russ Martens: October 28, 2019 ~ JPMorgan Chase is the largest bank in the United States with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact. According to the filings that JPMorgan … Read more
via mises: A key factor that constrains people’s ability to generate goods and services is the scarcity of funding. Contrary to popular thinking, funding for consumption and production is not about money as such, but about real savings. Note that various tools and machinery or infrastructure that people have created is for one purpose. That purpose … Read more
Billionaire hedge-fund founder Ray Dalio says the global economy is under threat from an explosive mix of ineffective monetary policy… https://www.bloomberg.com/news/videos/2019-10-29/dalio-says-global-economy-faces-scary-situation-video #Canada's leading recession index jumped 13.3ppt to 72.4% 🥶 https://t.co/BmqmJdWpQB — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 29, 2019
DUBAI/RIYADH (Reuters) – Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors. https://www.reuters.com/article/us-saudi-aramco-ipo/saudi-aramco-aims-to-begin-planned-ipo-on-nov-3-sources-idUSKBN1X80JH
“We think GOOGL should spin off part or all of YouTube, which we estimate would be worth $300B on a stand-alone basis,” Needham analyst Laura Martin says. Martin sees several ways spinning off YouTube would create value for the company. If YouTube becomes a $300 billion standalone company, it would rank as one of the … Read more
GrubHub received five downgrades, including double downgrades from both Bank of America Merrill Lynch and Oppenheimer following its disappointing third-quarter results. The food delivery company missed on revenue and posted a fourth-quarter forecast well below Wall Street’s expectations. “Competitive food delivery offerings (Uber, Doordash and others) are eroding GRUB usage,” Oppenheimer analyst Jason Helfstein said … Read more
“I would have them as a public utility,” says California Rep. Ro Khanna, a Democrat whose district spans Silicon Valley. “When you have a state that has Apple, Google and Tesla in it, there is no excuse that we can’t get power to our people on a regular basis,” says Khanna. PG&E was switching power off again Tuesday — … Read more
here was the whole statement…just about as wishy washy as they have been since day one >>https://t.co/SjxTOGZw30 pic.twitter.com/SqBNp2bu0x — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 29, 2019
Building blocks of Bubble #3, since 2009: Corporate Buybacks: $5TUS QE: $3.7TGlobal QE: $15-20T (includes China)China debt: $7T–>$40TTotal global debt now 318%-to-GDP; interest alone negates all future GDP growth; Corp debt at record; consumer debt at record. 0% rates pic.twitter.com/4aFiuUI0Wm — M/1_LP (@MI_Investments) October 29, 2019 Steepest rise in auto loan spread since the Great … Read more
US Card Spending Volume peaked in 1Q18. Same story w $AXP at +10.34% YoY…has been decelerating since to just +5.96% YoY in 3Q19. There’s been a major downshift. Same on the Global Billings side. Very $TLT friendly & $XLF unfriendly. pic.twitter.com/YITM2q4DoF — PlungeProtectionTeam (@gamesblazer06) October 29, 2019 #TradeWar #Nationalism #Uncertainty #BuybacksvsCapEx#DeGlobalization #Reshoring pic.twitter.com/XoIzK3MEjR — M/1_LP … Read more
https://twitter.com/anilvohra69/status/1189016784520630273 Corp Profit Margin Contraction Longest Since WWII – note the declines preceding recessions by 1 – 4 yrs. Confirms corp profit recession, cash flows negative, declining capex spending, high debt. SPX at new highs? @LanceRoberts @michaellebowitz @DiMartinoBooth @LizAnnSonders pic.twitter.com/f5DUvz02EH — Patrick Hill (@PatrickHill1677) October 28, 2019 https://twitter.com/vixcontango/status/1189214146325299201 ‘Tis the season for beating lowered bars. … Read more
Campus Reform Digital Reporter Eduardo Neret went to Georgetown University to ask students about the Trump administration’s raid against ISIS leader al-Baghdadi. Some students did not believe Trump deserved credit, and said they preferred how Obama handled the bin Laden raid. Read the story here: https://campusreform.org/?ID=13928
By Tsvetana Paraskova Officials at Saudi Aramco believe that Iran used satellite maps from Google Maps to precisely attack the oil facilities in Saudi Arabia in the middle of September, a U.S. Senator who visited the Kingdom after the attacks said, raising concerns that no energy infrastructure is safe. Joe Manchin, Senator for West Virginia, visited … Read more
https://www.youtube.com/watch?v=YjKhSB9jLF8
I lover her politics but dam she sure passes the eye test times 10…… DeAnna Lorraine a young Republican challenging the peloski strong hold in san francisco…. I believe she will win because of the impeachment bullsh*t…. People want actions not fighting …. There is also record homelessness in California…. It doesnt matter she is … Read more
After I promised to hold Trump accountable for his abuse of power, Trump’s campaign spent nearly $2.3 MILLION online attacking us. If they continue to outraise and outspend us, we’ll lose — it’s that simple. https://t.co/ZxVPMXZvDa — Nancy Pelosi (@TeamPelosi) October 28, 2019 PELOSI REALLY SHOULD LIMIT HERSELF TO ONE BOTTLE OF GREY GOOSE A … Read more
Watch the latest video at foxnews.com A new report from the left-leaning Urban Institute predicts the plan would cost $34 trillion over its first decade. Sanders has said that it could cost up to $40 trillion over 10 years… That’s why Sanders has floated a number of new taxes on almost every single American, including … Read more
