by rao-blackwell-ized First, let’s define what we’re referring to here. There’s a strategy in which dividend growth – a company increasing their dividend payment over time – is used as an indicator to identify strong, stable, successful companies to invest in. There is nothing inherently wrong with this, and could even potentially allow you to beat the market (though historically dividend … Read more
Interestingly this is the longest decline from the cycle peak in the aggregate profit margin. 4 and a half years of almost linear drop but been falling for 7 years! (chart courtesy of my colleague Lydia Boussour). pic.twitter.com/TKbeJcyqqg — Gaurav Saroliya (@GauravSaroliya) September 5, 2019 For investors, profits after tax is what matters. And the … Read more
According to Sleepy Joe, the $93 TRILLION Green New Deal doesn’t go too far at all. It would cost $600,000 per household, but that’s OK by Joe! pic.twitter.com/ftpG8OtgGv — Kayleigh McEnany (@kayleighmcenany) September 5, 2019
via Gregory Daco: While #markets are getting drunk on the news of a potential China/US summit in next few weeks, we take the sober view that the Sep 1 #tariffs (15% on $112bn) & Oct 1 increase from 25% to 30% on existing $250bn will remain in effect through year end via @OxfordEconomics … Read more
The Justice Department has opened an antitrust inquiry into the four major automakers that struck a deal with California this year to reduce automobile emissions, according to people familiar with the matter, escalating a standoff over one of the president’s most significant rollbacks of climate regulations. In July, four automakers — Ford Motor Company, Volkswagen of America, … Read more
by gmishuris The most certain way to be wrong in investing is to be 100% convinced that you are right. Early in my investing career, I was a junior analyst at one of the largest investing firms in the world. A senior analyst had a recommendation that he felt certain about. He couldn’t see how … Read more
by Death-Wing The credit card comes with an Auto Rental Collision Damage Waiver benefit, but not all services are covered. Turo, for example, is not covered as it’s technically not a rental service (more like a P2P service). Same with Getaround. A few days ago, I got an email from Lyft and their new rental service (not the same … Read more
WASHINGTON — The Trump administration has taken a long-awaited stance on how it envisions a future housing finance system, and it resembles legislative proposals enabling Ginnie Mae to back multiple private-sector guarantors. The Treasury Department made clear in a much-anticipated report that its ultimate preference is for Congress to take up reform of the government-sponsored enterprises. That … Read more
by foiltape I created this chart using Excel. Source: Wikipedia – Blood type distribution by country
by mercalli WSJ – WeWork Weighs Slashing Valuation by More Than Half Amid IPO Skepticism [Non-paywall] http://archive.is/cA7wu Adds some doubt to buying puts outright, maybe time to buy calls with SoftBank’s deep pockets trying to prevent a bloodbath.
via freightwaves: Barring an eleventh-hour agreement, the U.S. Postal Service (USPS) will leave the Universal Postal Union (UPU) on October 17, ending 144 years of U.S. involvement in the international body that governs the exchange of mail and postal parcels between countries, and perhaps fundamentally changing the landscape of global air shipping. Members of the 192-member … Read more
By Selco People want definitive solutions, manuals that gonna help them step by step, lead them from point A to point B. It works in any field of life, so it works too in the field of survival. It is one of the reasons why we as humans become more and more dependent on the … Read more
https://www.youtube.com/watch?v=4dXhrzcjJBU
Interesting story up at the New York Post about Mueller’s obstruction of FBI agents investigating Saudi involvement in 9/11. After a lengthy investigation, special counsel Robert Mueller charged Russia made “multiple, systematic efforts to interfere in our election” and said the incursion “deserves the attention of every American.” But former FBI investigators say their old … Read more
Authored by Jeffrey Snider via Alhambra Investment Partners, Chinese monetary authorities announced yesterday what will be for some of its banks a seventh round of “stimulus.” For the largest institutions, it will “only” be their sixth and the first one since January 2019. The PBOC has decided it is time for more RRR cuts. Effective September … Read more
BY JOHN RUBINO Wayne Jett: bad guys won’t be allowed to keep stolen wealth … Alasdair Macleod: The startling reason gold will run … David Stockman: Can the American Empire survive a failing economy? … Nouriel Roubini: Markets are too complacent, chance of recession over 25% … Keiser Report: If you can’t stand the heat … Read more
Via InternationalMan.com, Doug Casey’s Note: David Stockman is a former congressman and director of the Office of Management and Budget under Ronald Reagan. Now, anyone with connections to the government should elevate your suspicion level. But as you’ll see, David is a genuine opponent of government stupidity. Although his heroic fight against the Deep State … Read more
Authored by Mike Shedlock via MishTalk, Alpine Macro has an interesting article on risk. They provide two extremes, melt up and melt down. Melt Up or Melt Down? Please consider some snips from Fat Tails. Everyone on Wall Street is freaking out over the 2/10-year yield curve inversion, with recession being the most feared outcome. I … Read more
via Zerohedge: Nobel laureate Robert Shiller sat down with Bloomberg this week to discuss narrative economics, which is how a story or a series of related economic events can drive animal spirits in an economy. Shiller talks about the trade war, consumer spending, and even drops a bombshell of why he thinks the housing market could be … Read more
