COLLUSION: Soros Group Eclipses $70 Million Spent on Lobbying Since Trump Took Office: Billionaire spent more in past 2.5 years on advocacy than prior 14 years combined.

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  via freebeacon: The Open Society Policy Center (OSPC), an advocacy group funded by billionaire George Soros, has now pushed more than $70 million into lobbying efforts since Donald Trump took office. Soros’s policy group, a 501(c)(4) nonprofit that focuses on domestic and international advocacy, pushed $72 million into lobbying since January 2017. The amount that … Read more

A year in the life of the Fed.

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https://twitter.com/NorthmanTrader/status/1187427414407864320 https://twitter.com/NorthmanTrader/status/1187385889036607488 https://twitter.com/NorthmanTrader/status/1187389340944666630 The legendary Paul McCulley once told me years ago that his favorite leading macro indicator is the YoY percent change in the 3-mo moving average of core capex orders. It just crossed below the zero-line. pic.twitter.com/haLVjCuAZB — David Rosenberg (@EconguyRosie) October 24, 2019 The expected rate of production six months ahead is … Read more

Reuters: California wine-country fire began near damaged PG&E tower

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https://www.reuters.com/article/us-california-wildfire/california-wine-country-fire-began-near-damaged-pge-tower-idUSKBN1X30Y7 GEYSERVILLE, Calif. (Reuters) – A wind-driven wildfire that forced some 2,000 residents to flee their homes in Northern California’s wine country on Thursday erupted near the base of a damaged high-voltage transmission tower owned by Pacific Gas and Electric Co, utility and fire officials said. The company, a unit of bankrupt holding company PG&E … Read more

Another one of SoftBank backed start up is in troubled waters

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by rjsh927 Fair, a car subscription start-up that partners with Uber and is backed by SoftBank, will cut 40% of its workforce with immediate effect. Several co-founders and CFO are also being let go. https://www.ft.com/content/8e299ea8-f647-11e9-a79c-bc9acae3b654 The start up is only 26 months old and is based in California. In a previous 350 M$ funding round, … Read more

Senate resolution to condemn house impeachment has 46 signatures in less than 24 hours.

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Lindsey is back on the Trump train and co-sponsored with Mitch McConnell a resolution to condemn the house impeachment inquiry. As of tonight on Hannity, there are 46 signatures in less than 24 hours. (6:07 in vid) Link should start at 6:07 https://youtu.be/xMQSPGMC-TA   Take a BIG guess which senate republican hasn’t signed? If you … Read more

How The U.S. Stock Market May Be ‘Turning Japanese’: Felder

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by jessefelder Michael Burry, of The Big Short fame, recently called passive investing a bubble. I would agree it’s probably a bubble but, more importantly, it’s a mania that has contributed to a bubble in the stock market. It’s important to distinguish between these two terms. To me, a “bubble,” as Jeremy Grantham defined it, is a move … Read more

Pay attention. Here we have a stock with a %100 buy rating and a avg. price target of $2100~

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Every analyst, from ever notable firm. All wrong. NOBODY has a clue about anything. Change my mind?   Amazon falls 7% after-hours after earnings miss Amazon (AMZN) reported third quarter earnings on Thursday that missed on profit but exceeded Wall Street’s revenue expectations, with sales getting a boost from Prime Day deals, the implementation of … Read more

Is The Economy The Weakest Of This Expansion?

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by upfina It’s very common for investors to try to figure out if the current long expansion is near its end in which case a recession would start. The chart below is a bit more nuanced because it includes four categories. Model of Economic Activity from @BofAML recently shifted into "sub-trend" regime for first time in … Read more

Google, others invested $256 million into CrowdStrike so Democrats can use FBI wiretap data to regain Congress

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CrowdStrike Inc., whose digital security services helped the Democratic National Committee respond to a network breach that was linked to Russia, raised $100 million in its latest funding round. The new money, led by investor Accel, values the company at more than $1 billion, CrowdStrike said in a statement Wednesday. With the latest investment, Irvine, … Read more

Recession 2.0 Coming, Banks Have No Liquidity

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by Jake93Ireland The NY Fed just increased their overnight repos to $120 billion, which is 60% more than what it was capped at $75 billion Apparently the Fed needed to do this in the middle of the day, outside their scheduled meetings, and not even during the overnight lending window. Something big just happened behind … Read more

Peer-to-peer lender FundingSecure enters administration. Second British P2P lender to collapse in six months. Losers: about 3,500 investors.

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by 4BigData https://www.ft.com/content/4a55853e-f589-11e9-a79c-bc9acae3b654 any losses would not be covered by the Financial Services Compensation Scheme. FCA is attempting to clamp down on poor practices in the peer-to-peer sector after finding that many investors did not understand the risks involved in funding loans FundingSecure offered retail investors annual returns of up to 16 per cent by funding property development … Read more

“Young People” Need to Save 40% to Retire at 65?!?

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by SquegeeDuck CNBC article From the article: “Millennials should aim to set aside nearly half of their income for the future, according to Olivia S. Mitchell, professor of insurance/risk management and business economics & public policy, and executive director of Wharton’s Pension Research Council at the University of Pennsylvania. If you want to live off … Read more

Amazon stock drops on earnings miss

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https://www.cnbc.com/2019/10/24/amazon-earnings-q3-2019.html EPS: $4.23 vs. $4.62, according to analysts surveyed by Refinitiv Revenue: $69.9 billion vs. $68.8 billion, according to analysts surveyed by Refinitiv AWS: $9 billion vs. $9.1 billion, according to analysts surveyed by FactSet Amazon also gave soft fourth-quarter revenue guidance in the range of $80.0 billion and $86.5 billion, far below the street’s … Read more

WeDontWorkAnymore: “WeWork plans to axe 4,000 staff. Yesterday it was only 2,000.” Most should be NYC based.

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https://www.ft.com/content/ffa49378-f5b4-11e9-a79c-bc9acae3b654 Represents about 30% of the current workforce. Mr Claure added: “But I will promise you that those that leave us will be treated with respect, dignity and fairness. And for those that stay, we will ensure everyone is aligned and shares in future value creation.” WeWork declined to comment. One former employee told the … Read more