via axios: Two separate surveys released on Monday showed an increase in the percentage of Americans worried about losing their jobs. The big picture: The surveys follow a worrisome trend in corporate downsizing that has been playing out for much of the year and picked up in August. What they’re saying: The New York Fed’s consumer credit report found … Read more
by SpontaneousDisorder Companies are selling bonds in Europe at the fastest pace on record. @TheTerminal pic.twitter.com/THwx4Oo44O — Lisa Abramowicz (@lisaabramowicz1) September 10, 2019 They’ve been selling at the fastest ever pace in the US too. Refinancings are popular because yields have fallen a lot.
Recessions in the eurozone.@TheEconomist via @SoberLook pic.twitter.com/gXB5S3xfXc — Adam Tooze (@adam_tooze) September 9, 2019
via Carl Quintanilla:
(Bloomberg Opinion) — A type of financial engineering that proved to be toxic during the financial crisis is slowly making a comeback as banks try to offset the risk of their borrowers not repaying their loans. Capital relief trades, or synthetic deals, are making a comeback — and Europe is about to refine the rules of … Read more
via wallstreetonparade: On January 26, 2018 the Dow Jones Industrial Average set a new record high of 26,616.71. Despite setting new highs multiple times thereafter, the moves were so negligible on a percentage basis that the reality is that the stock market has been a real dog over the past year and a half. This past … Read more
via CNBC: WeWork’s equity is really worth $14 billion — 70% below where it last raised money in private markets, NYU’s ‘dean of valuation’ Aswath Damodaran says. One key reason for Damodaran’s skepticism is WeWork’s real estate liabilities. By his estimates, the company has accumulated a $23.8 billion debt load, including lease commitments. “The hope is … Read more
By Ryan Preiss, CRPC® Purchasing a house is one of the largest financial transactions an individual will make in his or her life. Yet, many people tend to glaze over some key points when they consider purchasing a home. These include solidly understanding where we are in our current interest rate cycle, where rates … Read more
BAN ALL KNIVES…….. KNIVESKILL!
Gen. Flynn Lawyer Sidney Powell: Stay Tuned There Is a Lot More Information to Come
https://www.youtube.com/watch?v=bDCvtcLmKpo Cristina Laila from The Gateway Pundit reports, What is wrong with Joe Biden? Biden on Friday held two town halls New Hampshire — one in Laconia and the other New Castle to discuss ‘his vision for America.’ Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019/09/following-bloody-eye-scare-joe-biden-forgets-that-obama-not-bush-was-the-last-president-video/
Debt is expanding faster than income. There’s no turning it back, in fact. There can be no resolution. In the Financial Crisis it was fully understood that derivatives were the reason why debt is so dangerous. All of our debt which could be in the form of a mortgage, an auto loan, or anything else. … Read more
https://www.youtube.com/watch?v=OXDRXEcln-w Could Brexit bring America’s “chlorinated chicken” to the United Kingdom?
https://www.youtube.com/watch?v=pOsljJOjfo8
by TFittonJW .@JudicialWatch exposed how Bill Clinton let bin Laden get away with murder AND how Obama/Hillary Clinton helped contribute to the rise of ISIS and the resulting war (see below tweet). https://t.co/OirdpUDOyA https://t.co/DAoos8R1Z4 — Tom Fitton (@TomFitton) September 10, 2019 (Washington, DC) Judicial Watch, the public interest group that investigates and prosecutes government corruption, today … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Top 20% households made out like bandits, bottom 40% got crushed. The median earnings of men working full time year-round in 2018 ticked up to $55,291. Adjusted for inflation, this was below the amount they earned in 1973, according to the annual data trove released by the Census Bureau today. In other words, there … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter August wholesale auction price index hits record after longest series of year-over-year price gains since 2001. Used-vehicle prices at wholesale auctions around the US ticked up 1.1% in August compared to August last year, eking out a new record, according to the Used Vehicle Value Index by Manheim, the largest auto-auction house, … Read more
by Michael Snyder What you are about to read in this article is likely to make you very angry. Once upon a time, the primary mission of our hospitals was to help people, but today they have become vicious financial predators. Many Americans try very hard to avoid visiting the hospital because of what it … Read more
by howmuch The pharmaceutical industry is incredibly valuable and is continuing to grow. But just how much of the world’s imports and exports involve pharmaceuticals? To understand the impact of the pharmaceutical industry on the world’s economy, we created two visualizations to demonstrate pharmaceutical imports and exports by country in 2018. The United States is, … Read more
BY JOHN RUBINO People have been talking about a “debt bubble” for some years now. They’ve been right, of course, based on the combination of surging borrowing and plunging rates. But the bubble hasn’t stopped inflating, and recently it entered what sure looks like a terminal blow-off stage. Some highlights: Though July, China’s total debt … Read more