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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…
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
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 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
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
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
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
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 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
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
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
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
by EEBucks I’ve seen a few posts of people wanting to learn more, so I decided to share this information I’ve put together. Most probably know this info already, so for those who don’t here ya go: Contract Pricing Option premiums are derived from two things: intrinsic value (the option’s inherent value) and time … Read more
Roughly 350 employees in Uber Eats, ATG, and product roles were let go, according to an email from CEO Dara Khosrowshahi published by the news site. … This time around, the ride-hailing company’s advanced technologies group, or ATG, which works on self-driving cars, is affected, according to a company-wide email from CEO Dara Khosrowshahi published … Read more
https://lieu.house.gov/media-center/press-releases/reps-lieu-and-rice-call-investigation-suspicious-futures-trading-around I know we all joke about it here, but it seems like something may actually be up. Seems to be focusing on “e-mini futures contracts”. The meat: On October 16, Vanity Fair reported on numerous instances in which individuals or groups of individuals made millions, and in some cases billions, of dollars in profits … Read more
by Daisy Luther For some reason, multiple stores have warned employees of an upcoming shortage of dish soap. A source at Wal-Mart went to work the other day and received this notice. Huh. Dish soap. My contact said that although the employees asked why there was going to be a shortage of dishwashing liquid, no explanation whatsoever … Read more
want to know the truth about fractional banking? Don Fletcher explains it all in this video.
Not long before micro chipping will go mainstream and the public sheeps will rush to this new technology. And with Elons neurolink soon coming too AJ
Kitco News, Released on 10/18/19 With gold prices having climbed higher this year, investors have flocked to senior producers instead of the juniors, favoring steady cash flow over speculation and this trend may shape miners’ priorities going forward, this according to Joe Mazumdar, co-editor, Exploration Insights. “I think the majors have changed mindsight thinking that … Read more
RT, Released on 10/17/19 Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New … Read more