$NFLX is a must watch. Now diverging 25 pct pts from Nasdaq! It’s the first FANG stock… 1) below its 200 DMA;2) with a death cross set up;3) breaking down from a multi-year support; Is this an inflection point for stocks? Still trades at 106x EV to FCF estimate for 2022! pic.twitter.com/k0QkZDDxPs — Otavio (Tavi) … Read more
This is huge. 30-year yield vs. core CPI at its lowest level since 1980s! 10-year real yield?Same. Plunging as they did in mid & late 70s! LT yields near record lows.Inflation at a decade high.Central banks easing massively. Risk parity at risk?All bullish for gold. pic.twitter.com/FMhpZXg01J — Otavio (Tavi) Costa (@TaviCosta) September 19, 2019
Violation Tracker Parent Company Summary Parent Company Name: JPMorgan Chase Ownership Structure: publicly traded (ticker symbol JPM) Headquartered in: New York Major Industry: financial services Specific Industry: banking & securities Penalty total since 2000: $34,478,944,885 Number of records: 134 Top 10 Primary Offense Types Penalty Total Number of Records toxic securities abuses $13,450,500,000 5 … Read more
Back to easing? It never went away. “Normalisation” was a fallacy. Central banks have become hostage to their own actions: if they normalise, financial assets fall, if they ease, economic impact is imperceptible. pic.twitter.com/xagtx9v1dF — Daniel Lacalle (@dlacalle_IA) September 18, 2019
via MarketWatch: Four of the five American cities with the greatest incidences of unsheltered homelessness are in the Golden State More than half a million people are homeless each night in the United States, a new White House report has found. And nearly half of them are concentrated in one state: California. All told, 47% … Read more
via mises: One’s own bookcase provides the perfect illustration of time preference, which is the greater value of possession over non possession. There will be books bought on a whim which just clutter a bookshelf and have no value. Next time there’s a clear-out, they are destined for the charity shop: there’s no difference in time … Read more
via economist: Loan talks with Belarus; funding for bridges in Liberia; a possible gas project in Timor-Leste; accusations of exploitation in Tanzania; a corporate dispute in India; pledges to support the Rwandan private sector. And that was just the past few weeks. Such is the frenetic pace of China’s overseas lending that its outstanding loans have risen … Read more
The OECD projects that the global #economy will grow by 2.9% in 2019 and 3% in 2020 – the weakest annual growth rates since the #FinancialCrisis. Read more in our latest Interim #EconomicOutlook ➡️ https://t.co/QKixmz5XUi pic.twitter.com/pUgp1Y0SUj — OECD ➡️ Better Policies for Better Lives (@OECD) September 19, 2019
Trump Job Approval 43%; Ties Party Polarization Record STORY HIGHLIGHTS Approval back above 40% after dipping to 39% in prior poll 86-point party gap in ratings ties highest in a single poll Only three presidents have registered 80+ point gaps WASHINGTON, D.C. — President Donald Trump’s job approval rating is 43% in the latest Gallup … Read more
https://www.politico.com/story/2019/09/19/hundreds-of-chinese-goods-exempted-from-trumps-tariffs-1753322 The Trump administration has excluded Christmas tree lights, a series of pet supplies, plastic drinking straws and hundreds of other products from a 25 percent duty President Donald Trump imposed on $250 billion worth of Chinese goods, according to three notices set to be published in the Federal Register on Friday.
Airbnb has confirmed it plans to go public next year, ending a long period of speculation about when the disruptive accommodation platform would float on the stock exchange. The company, which was valued at $31bn in its most recent funding round, said on Wednesday it made more than $1bn in revenue in the second quarter … Read more
via upfina: Even though in the few days leading up to the September Fed meeting, the CME Group FedWatch tool showed a declining chance of a rate cut (it fell to near 50%), the Fed did exactly what was expected by cutting rates on Wednesday. The CME Group tool was impacted by the selloff in the … Read more
via MUGATU: Hedge Funds, Bank CEOs, etc own assets like bonds, etc but need cash in the near term to buy necessary things like boats, cars, mansions, 14 year olds, etc That business is so large that on a dollar basis it’s the most significant base of transactions in the United States. But sometimes … Read more
via upfina: After the very weak ISM and Markit August manufacturing PMIs, it seemed clear the economy was destined for a terrible August industrial production report. That didn’t end up happening, although, manufacturing production was still down from last year. Some economists are saying the ISM report was way off because it asks firms how business … Read more
https://twitter.com/Hipster_Trader/status/1174764250272845824 fed will initiate quantitative easing tmrw for the 4th day pic.twitter.com/5xPnQbyl4l — Alastair (@StockBoardAsset) September 19, 2019 new saying on wall street is 'a repo a day keeps the bears away' — Alastair (@StockBoardAsset) September 19, 2019 Until the Fed does $400BN in QE – or POMO for the sensitive types – funding markets … Read more
A gigantic spike in 3 years. The UK dominates. By Nick Corbishley, for WOLF STREET: The volume of over-the-counter (OTC) interest rate derivatives traded globally soared by 141% in three years to $6.5 trillion per day in April 2019, according to the Bank for International Settlements’ new Triennial Survey of Global Derivatives Markets. In the prior survey period, April 2016, $2.7 … Read more
Via SchiffGold.com, Peter Schiff appeared on RT Boom Bust on Tuesday (Sept. 17) to talk about interest rates, gold and the dollar. Peter said the fiat currency system may not survive the next recession. The conversation started focusing on the repo operations conducted by the Federal Reserve early in the week, Peter said the financial media and Wall Street are being … Read more
by DCG From Fox News: Former Vice President Joe Biden made another gaffe on Tuesday, this time suggesting that his child tax credit plan will put “720 million women” back into the workforce. Speaking at the Workers’ Presidential Summit in Philadelphia, the 2020 frontrunner mocked the idea of having a tax break for “a racehorse” and not … Read more
News journalists aren’t even trying to appear neutral anymore. Are Americans noticing the bias? Will Witt takes the “trust pulse” of the public in front of CNN HQ.
by NuttBoxer Fed is losing control. 2008 will look like a flesh wound compared to what’s coming. https://wallstreetonparade.com/2019/09/the-fed-intervened-in-overnight-lending-for-first-time-since-the-crash-why-it-matters-to-you/ https://www.cnbc.com/2019/09/18/fed-loses-control-of-its-own-interest-rate-on-day-of-big-decision-this-just-doesnt-look-good.html Some background for people who don’t understand our economy. Whittle through all the bullshit and our fiat system consists of a confidence game. Dollars are only printed when bond sales of US Treasury notes occur. … Read more