Rescue deal fell through at the last moment. China’s Fosun and other shareholders are toast. Creditors get to fight over the debris. By Nick Corbishley, for WOLF STREET: Thomas Cook, the global travel & vacation-giant with its own airline and hotels, with 21,000 employees globally — 9,000 of them in the UK — and a 178-year history, … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Dark Side Comes to the Fore: Juul is the Second Highest Valued US Unicorn, Behind WeWork Which Crashed & Burned. Now it’s Juul’s Turn. Now there’s Juul Labs, the second most highly valued startup in the US, behind WeWork. WeWork already crashed and burned. WeWork’s “valuation” was set at $47 billion … Read more
Boris is meeting with leaders at the UN to talk about the BREXIT, BJ has already warned the people not to expect anything from their meeting. BJ will push the BREXIT, no deals. The [CB] is now in a panic, they are trying to say that the Fed is taking control and they are backing … Read more
Wants any shortcut!! I’m not telling you that you will be a billionaire by doing minimal work or you can run your future firm but here I’m telling you about finding your niche or domain. This is more than just diving into an unknown region. Before starting any investment you have to discover what you’re … Read more
It has never been easier for the average person to invest their money in meaningful ways. However, unless you already know what you’re going to do with your funds, it can be hard to know where to begin your investment career. Fortunately, with a little guidance and patience, you can begin setting money aside and … Read more
by Michael Snyder If you ask the mainstream media, they will tell you that about half the country is still middle class. In fact, a CNBC article that just came out says that “52% of American adults live in ‘middle class’ households”. Of course that is down from 61 percent in 1971, but considering everything we have been through … Read more
The [DS] for impeachment has fallen apart, they know it but they are trying to use the whistleblower narrative to push the impeachment talks, this is failing. Trump and the patriots have flipped the narrative in the MSM and the DS and they are struggling to regain it. [JB], [HB], [BO] and [HRC] are not … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Expert sentiment is at its lowest point since October 2010, largely due to market observers’ reactions to the Monterey auctions.” The asset class of beautiful machines, which had already been struggling mightily, got whacked by the events in Monterey, California, last month. “Whether it’s threat of recession, broad economic volatility or … Read more
Trade talks between the US and China are continuing, Trump hopes to have a full deal before the election in 2020, if not the deal will be a tougher deal for China. Trump is using debt as his weapon, the debt load on the US and every country is harming the people and not benefitting … Read more
Genesis Vision, a decentralized trust management platform built on blockchain technology and smart contracts, has recently announced its new partnership with B2Broker, the first Prime Broker to provide aggregated liquidity on cryptocurrencies with its B2BX MarksMan aggregator. Genesis Vision is integrating B2BX Marksman and B2Broker liquidity to its products to provide even more options to … Read more
By Nick Corbishley, for WOLF STREET: Australian engineering group UGL, which is working on large infrastructure projects such as Brisbane’s Cross River Rail and Melbourne’s Metro Trains, recently sent a letter to suppliers and sub-contractors informing them that as of October 15, they will be paid 65 days after the end of the month in which their invoices are … Read more
by visualcapitalist Our world has never been more connected than it is today. Nearly two-thirds of the world’s population is plugged into the matrix, with over 4.4 billion internet users across multiple device types. We use these devices for work and for play—and social media has altered the way we interact both online and offline. … Read more
BY JOHN RUBINO Ben Hunt: Prepare to get burned … Harry Dent: The world is melting … Charles Hugh Smith: We are unwilling pawns in the Fed’s game of chess … Jeff Berwick: Systemic collapse is inevitable … Peter Schiff: QE by any other name still stinks … Rick Rule: Pretty clear we’re in a … Read more
via wallstreetonparade: Following a lack of liquidity on Wall Street, which necessitated the Federal Reserve having to provide $53 billion on Tuesday and another $75 billion on Wednesday to normalize overnight lending in the repo market, the Chairman of the Fed, Jerome (Jay) Powell held his press conference at 2:30 p.m. yesterday. The press gathering followed … Read more
Central Planning is always destined to fail, and central planners (at everyone else’s expense) always do whatever they can to delay the inevitable. Negative interest rates (that is, getting paid to borrow money) would never occur in a free market monetary system. Such a ludicrous idea will only further exacerbate the end of central banking. … Read more
by Chris Martenson via ChirsMartensonDotCom Society is pretending its actions don’t have consequences. It’s badly mistaken. History teaches us that there is no free lunch, reminds Dr. Ben Hunt, publisher of EpsilonTheory.com. And science informs us that even the most simple systems become nearly impossible to predict or control with 100% precision as time and variables change. But … Read more
by DCG Thankfully this guy has no shot of becoming president. From Daily Mail: Democratic presidential candidate Beto O’Rourke unveiled a sweeping marijuana legalization plan Thursday that would provide financial grants to people incarcerated for non-violent crimes and impose taxes on the pot industry. O’Rourke, who gained notoriety while serving on the El Paso City Council when … Read more
by Charles Hugh-Smith Technology, like natural selection, has no goal. When it comes to the impact of automation (robots, AI, etc.) on jobs, there are two schools of thought: one holds that technology has always created more and better jobs than it destroys, and this will continue to be the case. The other holds that the … Read more
