China in 3 charts

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China in 3 charts 1. Industrial Production 2. Retail Sales 3. FI Investments >>https://t.co/zHLgqXxEyR pic.twitter.com/imlhG3Jv20 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 19, 2019 #China’s office market sees highest vacancy rate in a decade https://t.co/THqsakywbn pic.twitter.com/HZVavkBE5A — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 20, 2019 Samsung has left China >>#Samsung’s departure is new blow to … Read more

There are signs that US equity outperformance may be running out of steam… Zero/low interest rates, lackluster organic growth, low wage and 70% + of IPOs not yet profitable

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'There are signs that US equity outperformance may be running out of steam.' https://t.co/lnG8d7k4I2 by @louis_gave pic.twitter.com/SHooLcD4WS — Jesse Felder (@jessefelder) October 18, 2019 The End Of The Trend? — Louis-Vincent Gave from Gavekal Research on Vimeo. https://vimeo.com/366912562 “Zero/low interest rates, lackluster organic growth, low wage and …. the proportion of IPOs with negative EBITDA/EPS … Read more

Dire warning from PG&E

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PG&E warns of 10 years of power shut-offs. California officials don’t like it California residents face up to 10 years of widespread, precautionary forced power shut-offs until Pacific Gas & Electric Corp., the bankrupt utility giant, will be able to prevent its power transmission lines from sparking fires, the company’s top official said. The sobering … Read more

Think Medical Care Is Expensive? Wait to See How Much It Costs When It’s FREE!

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Authored by Veronique de Rugy via The American Institute for Economic Research, Medicare-For-All (M4A) is gaining some steam. Two prominent Democratic candidates for the presidency, Senators Elizabeth Warren and Bernie Sanders, support it, and several polls show that the idea is supported also by a majority of Americans. In recent days, two academics from U.C.-Berkeley have … Read more

Rand Paul Steps Off ‘The View’ Set & INSTANTLY Gives The Women a Taste of Their Own Medicine

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https://www.youtube.com/watch?v=X8W2iEhcpoc Mike Brest from Washington Examiner reports, Sen. Rand Paul attacked the hosts of The View hours after he appeared on the show last Friday. He made the scathing remarks during an interview with Andrew Wilkow on SiriusXM’s The Wilkow Majority. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/ne…  

Robert Shiller on the Power of Narrative Economics

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by FS Many academically-minded economists worked to establish a mathematical basis and modeling in the study of economics in the 20th century. But this approach has not always produced reliable results. Financial Sense Insider spoke with nobel prize-winning economist Robert Shiller on the podcast. He discusses his new book Narrative Economics: How Stories Go Viral and … Read more

Goldman Banker Arrested Over Insider Trading Allegations

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https://www.bloomberg.com/news/articles/2019-10-19/goldman-banker-arrested-over-u-s-insider-trading-allegations Bryan Cohen, a vice president, leaked nonpublic information for almost three years in exchange for cash as part of an international insider trading scheme that led to $2.6 million in illicit gains, according to a separate complaint from the U.S. Securities and Exchange Commission that didn’t identify his employer. The accusations are the third … Read more

Facebook no longer among 10 most valuable global brands.

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Facebook no longer ranks among the world’s 10 most valuable brands, according to branding consultancy Interbrand, a sign the repeated blows to the social media company’s reputation in recent years is taking a toll. Facebook fell to No. 14 in Interbrand’s annual ranking of “best global brands,” released this week. Just two years ago, the … Read more

Long time lurker here. I’ve decided to close out my 9.5yr old 3x leveraged ETFs position next week. It’s not YOLO enough for r/wallstreetbets, but I thought I’d share.

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by Throwaway54275 https://i.imgur.com/4i0O2Ys.jpg https://i.imgur.com/T3VSepF.jpg On the week of May 10, 2010, I purchased about $100,000 worth of FAS and $70,000 of SPXL on the open market. I was 29 at the time and we were in the heart of the subprime MBS-induced financial meltdown. It was awful to be invested through, I was a 20something novice … Read more

As another Eurozone recession looms, the failure of austerity is clearer than ever

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On 12 September, the outgoing European Central Bank (ECB) president, Mario Draghi, announced that he would cut interest rates and continue the central bank’s bond-buying programme. This was in response to the looming recession in Europe and has triggered a fierce debate in the Eurozone between monetary hawks and doves, as well as EU politicians … Read more

For The First Time Since The Crisis, Companies Spent More On Buybacks… But It’s All Downhill From Here.

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It will hardly come as a surprise to many, but according to the latest cash flow analysis from Goldman Sachs, 2018 was a record year for S&P 500 cash spending: not only did aggregate spending on capex, R&D, cash acquisitions, dividends, and share repurchases rose by 25% to $2.8 trillion, “the fastest year/year growth in … Read more

Looking at BYND restaurant partnerships

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by dlm423 I’m trying to be responsible and do some actual research on a YOLO. I’m thinking BYND is going to continue to tank, but I started to get a little concerned when I read about Burger King’s potential success with the Impossible Whopper (https://www.cnbc.com/2019/10/16/the-impossible-whopper-is-driving-steady-traffic-to-burger-king-data-shows.html). Plus I’ve been seeing commercials for the Impossible Burger, so … Read more

Elon Musk reportedly testifies he’s low on cash, financially illiquid

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Elon Musk testified that he is “financially illiquid,” a lawyer for the British diver Vernon Unsworth wrote in a legal filing, Bloomberg first reported on Wednesday. Unsworth is suing Musk claiming defamation after the Tesla and SpaceX CEO called him a “pedo guy” on Twitter last year. A filing from Monday by Unsworth’s attorney refers to “Musk’s sworn testimony that he … Read more

‘So I basically lied to the regulators’: Boeing shares plunge after revelation of pilots’ instant messages suggesting planemaker misled FAA on key 737 Max safety system in 2016

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A 2016 instant message exchange was had between Mark Forkner and Patrik Gustavsson, two of Boeing’s chief technical pilots at the time They discussed the new automated system on the 737 MAX known as MCAS and that it was having problems during simulated flights Forkrner said he ‘basically lied to the regulators’ because this occurred … Read more

Two gauges of U.S. economic health are telling different stories — and that’s troubling…

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One leading indicator of a coming U.S. economic recession isn’t well-known — but it should be. Its record over the last four decades suggests we pay attention to it. This obscure indicator focuses on the divergence between the University of Michigan’s Consumer Sentiment Index and the Conference Board’s Consumer Confidence Index. Both are widely reported, and many investors … Read more

The Bear Market Checklist

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by UPFINA As the yield curve steepens, calls for a recession are growing because usually after yield curve inversions, steepening is coincident with recessions. The 10 year 3 month spread has gone from inverted by about 50 basis points to slightly positive. Firstly, that’s not enough to be consistent with a recession if this indicator is … Read more