Unstoppable Negative Yields Suddenly Become Stoppable

by

Snapback Bloodletting in the Overripe Bond Market. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: OK, so we’ve got ourselves one heck of a snapback in government bond yields, not just in the United States, but globally. And the negative-yield mongers that were out there for months, preaching their book and … Read more

Analyst initiates Roku with sell rating, says cost of streaming devices going to ‘zero’

by

https://www.cnbc.com/2019/09/20/pivotal-says-sell-roku-stock-cost-of-streaming-devices-to-zero.html Pivotal Research Group sees Roku, an over-the-top (OTT) streaming device maker, stock falling 55% because it looks “overvalued despite the recent pullback.” Roku shares dropped sharply on Wednesday after Comcast announced it would be giving free Xfinity Flex streaming boxes to its internet-only subscribers, a direct competitor to Roku’s devices. “We see dramatically more … Read more

Market was ready to fall. just needed a catalyst.

by

Save this one for the future…. pic.twitter.com/kzhP2JdzZk — Richard Christopher Whalen (@rcwhalen) September 18, 2019 We’ve had a leg lower in S&P 500 on account of 1. Curve inversion2. Trump’s trade twitter farce3. Saudi attacks 4. Repo ructions Yet, S&P is now less than 1% from all time highs. As a tactical bear, I find … Read more

Not a free speech platform: Facebook declares it’s a ‘publisher’ & can censor whomever if wants, walking into legal trap

by

Facebook has invoked its free speech right as a publisher, insisting its ability to smear users as extremists is protected, but its legal immunity thus far has rested on a law which protects platforms, not publishers. Which is it? Facebook has declared it has the right, as a publisher, to exercise its own free speech … Read more

China develops handheld weapon for crowd control… Vibrations in eardrums, eyeballs, stomach, liver, brain

by

China has developed the world’s first portable sonic gun for riot control, the Chinese Academy of Sciences said. The rifle-shaped instrument, which was jointly developed with military and law enforcement, is designed to disperse crowds using focused waves of low frequency sound, the academy’s Technical Institute of Physics and Chemistry website said on Wednesday. The … Read more

Great PragerU video debunking the supposed benefits of electric (coal burning) cars.

by

Are electric cars greener than conventional gasoline cars? If so, how much greener? What about the CO2 emissions produced during electric cars’ production? And where does the electricity that powers electric cars come from? Environmental economist Bjorn Lomborg, director of the Copenhagen Consensus Center, examines how environmentally friendly electric cars really are.  

The 60/40 Portfolio Is Riskier Than Ever

by

By John Mauldin As investors we have to make assumptions about the future. We know they will likely prove wrong, but something has to guide our asset allocation decisions. Many long-term investors assume stocks will give them 6–8% real annual returns if they simply buy and hold long enough. Pension fund trustees hire consultants to … Read more

HOME DEPOT, LOWE’S ACCUSED OF SCANNING MILLIONS OF FACES

by

via massprivatei: Home improvement stores like Home Depot and Lowe’s have become partners in Big Brother’s ever expanding public surveillance program. Home Depot’s “You Can Do It. We Can Help” slogan should really say, “We Can Do It. We Can Help Big Brother.” And Lowe’s “Do It Right For Less. Start At Lowe’s” slogan should say, “Doing It Right And Identifying … Read more

PEGGY NOONAN: Why They’ll Never Stop Targeting Kavanaugh: The continuing assault reflects both a fixation and an effort to deprive the court of its legitimacy.

by

via WSJ: Here are the reasons, in no certain order, that the accusations against Justice Brett Kavanaugh will never stop and his foes on the progressive left never let up. Because progressives have to prove they were right to advance the sexual-assault accusations of Christine Blasey Ford. They lost that battle; Justice Kavanaugh sits on … Read more

Trump Unveils “Highest Sanctions Ever Imposed On A Country”

by

via Zerohedge: In a likely effort to satisfy the hawks and keep up “maximum pressure” on Iran in the wake of its alleged attacks on Saudi Aramco facilities (by Saudi and US accounts), President Trump on Friday has announced the “highest sanctions ever imposed on a country”. This is the long awaited “response” coordinated with the Saudis … Read more