The Fed and ECB monetary policies tend to converge near the peak of the cycle.

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US vs. German yield spread is unceasingly narrowing. It's an important market signal. Similar breakdowns from major support lines also occurred right in 2000 & 2007. This time happened in May. The Fed and ECB monetary policies tend to converge near the peak of the cycle. pic.twitter.com/TwmvIZ8wUe — Otavio (Tavi) Costa (@TaviCosta) October 14, 2019

The business story of the month is WeWork’s meltdown. The bigger story will be SoftBank’s Vision Funds impairment.

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Value is a function of growth and margins. Many/most of today’s unicorns have deployed massive capital to achieve the former while not demonstrating the patience or skill to achieve the latter.#nomercynomalice #Compass #OYO #Opendoorhttps://t.co/2idIyz9swn — Scott Galloway (@profgalloway) October 13, 2019 There were some errors in the SoftBank investor presentation, so I went ahead and … Read more

When EBITDA Is Just BS

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via institutionalinvestor: One of the trends that you’d have been hard pressed to miss over the past decade has been rising valuations across virtually all markets. Developed and emerging, equity and credit, public and private —prices for everything have marched inexorably upward. In private markets, the most commonly cited measure of average valuation is called the … Read more

BOE Deputy Governor: Low Rates May Risk More Severe Downturns… Larry Summers: US Economy Is Just One Bad Recession Away from Zero Rates or Worse

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Speaking in London on Monday, Cunliffe said the drop in long-term market rates in developed economies partly reflected an over-pessimism about long-term prospects, and was also part of a structural trend. One “challenge of low for longer for financial stability” is “the risk that in such an environment, economic downturns will on average be more … Read more

Fed Confirms That Federal Borrowing a Cause of Liquidity Crisis

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via independent: Robert Kaplan, the president of the Federal Reserve Bank of Dallas, has confirmed that the surge in U.S. government borrowing in September 2019 was a primary cause of the liquidity crisis affecting the nation’s money markets. Reuters reports that revelation from Kaplan’s speech on Friday, October 11, to the Commonwealth Club of San Francisco: Dallas Federal Reserve Bank President … Read more

If this does not just speak volumes about this supposed trade (lets call it) “concession”

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If this does not just speak volumes about this supposed trade (lets call it) "concession" https://t.co/9cxb6vJg67 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 14, 2019 Guess they did not believe the deal was done either>>Over 2,500 Companies File for Tariff Exclusions on Chinese Imports Companies seek exemptions on about 31,000 products ahead of jump in … Read more

When Central Banks tighten this much something often goes wrong! Bring on QE4 …err and QE5 And fast!

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When #CentralBanks tighten this much something often goes wrong! Bring on QE4 …err and QE5 And fast!! pic.twitter.com/qtzA8BvmlQ — CrossBorder Capital/ GLIndexes (@crossbordercap) October 14, 2019 The traditional #yieldcurve has a flakey track record. Here’s a better measure, but it’s not looking great… Beyond The Yield Curve …. D* or The Maturity Where Term Structure … Read more

20 Ways The West Censors Information For China

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https://www.youtube.com/watch?v=acvf5PGkcpc In this video I go through a number of examples of how corporations censor information in regards to China. https://www.reddit.com/r/conspiracy/c… I tweet this only because that’s genuinely how the party wants the world to be. Thus I don’t think this image is derogatory at all pic.twitter.com/BvQ51vPv3i — Victor Shih (@vshih2) October 14, 2019   … Read more

China Cancels Trade Deal & Negotiations Thinking It Has More Leverage To Ask For More From Trump?

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China Wants More Talks Before Signing “Phase One” Trade Deal. Is anyone surprised? Because they shouldn’t be! Futures Tumble, Stocks Slide As China Wants More Talks Before Signing “Phase One” Trade Deal https://www.zerohedge.com/markets/fut… Over the last 6 months, any time that China thinks that it has a lot more negotiating leverage (the upper hand) over … Read more

Maria Bartiromo: “UPDATE: -IG report NOT out Friday 10/18. Classifications being made. Likely end of month.” – IG Report DELAYED

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UPDATE: -IG report NOT out this Friday 10/18. Classifications being made. Likely end of month. @MorningsMaria @FoxBusiness @SundayFutures @FoxNews @MariaWallStreet #FisaAbuse — Maria Bartiromo (@MariaBartiromo) October 14, 2019 It’s giving the impeachment the opportunity to come to fruition prior to release. The impeachment is full steam ahead and they’re all against President Trump.     … Read more

NOTHING TO SEE HERE. MOVE ALONG. CalPERS is Heavily Invested in Chinese Companies. “As NBA frets over PRoC, Yu Ben Meng bets big with dollars from America’s largest pension fund.”

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via californiaglobe: California’s public employees should know that their retirement funds have invested in companies controlled by the Chinese military, which manufacture parts for the DF-41 missile, along with a range of aircraft, unmanned aircraft systems, and airborne weapons. For that matter, these pension funds not only invest in Chinese companies (and index funds, tracked by … Read more

BAIT & SWITCH: AT&T raises prices 7% by making its customers pay AT&T’s property taxes.

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via arstechnica: Telecom companies like AT&T love creating new fees to tack on customer bills, and they really love raising those fees after customers sign contracts that are supposed to lock in a consistent price. It’s a win-win for the company, but not the customer: AT&T gets to advertise a lower price than it actually charges … Read more

Protesters erect ‘Lady Liberty’ statue on Hong Kong mountain top… Homemade bomb used for first time… Xi threatens dissidents

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Protesters erect ‘Lady Liberty’ statue on Hong Kong mountain top Pro-democracy protesters hauled a four-metre statue known as “Lady Liberty” to the top of a famous Hong Kong mountain early Sunday, announcing the peak would be its “final resting place”. The statue depicts a female protester in a gas mask, protective goggles and helmet, an … Read more

EU Court Rules in Favor of Global Censorship!

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They’ll enforce it even if a country doesn’t ban it, it’s banned. Because the EU said so. This is just one of the many evils of globalism. Unelected people on a board in another country making decisions that effect YOU, and you have no recourse, nobody to lodge a complaint with. You simply must go … Read more

Amanda Lang exposes exposes the dire economic situation that Canada is really in. Also explains how Trudeau is lying about this economic reality.

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THIS IS IT. This is the truth. Thank you, @AmandaLang. What you hear from people is they don't feel good. Add provincial and federal debt, we're like Venezuela. Vote Liberals Out. They're a disaster for 🇨🇦. Hi @reicurran, your thoughts?#cdnpoli #elxn43 #TrudeauMustGo pic.twitter.com/7LHocgCfPg — maga north (@LibLaugh) October 14, 2019 AC

Some reasons the MSM constantly gets caught showing bullshit and shouldn’t be trusted

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by FringeCenterPodcast   These are some of the reasons you shouldn’t trust them but obviously not all the reasons they suck and shouldn’t be trusted. 1) The Internet – after online news started coming out as free, big media companies that used to get paid subscriptions couldn’t afford to fund big investigative journalism reports anymore … Read more