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by howmuch As the U.S. continues to impose tariffs on goods from China, and vice versa, both countries are raising the stakes of the ongoing trade war. The new 15% tariff on Chinese goods just kicked in, and Asian markets are already feeling the effects. But the U.S. economy is also affected by these ever-escalating tariffs. Our newest visualization … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Californians have had it with PG&E, a convicted felon infamous for sacrificing safety, maintenance, reliability, and people to enhance “shareholder value.” But is San Francisco overpaying? Take a look. This – the offer made on Sunday – has been kicked around in San Francisco since the catastrophic wildfire in Butte County … Read more
by Michael Snyder It’s happening again. Just like last time around, the head of the Federal Reserve is telling us that there won’t be a recession even though all of the evidence suggests otherwise. Just before the recession of 2008, Federal Reserve Chair Ben Bernanke told the country that “the Federal Reserve is not currently forecasting … Read more
by ComicalEconomical TL;DR at the bottom. Point 1: Defaults in China have been accelerating aggressively, and through July 2019, 274 real estate developers filed for bankruptcy, up 50% over last year. A bonus? Many Chinese state controlled banks have been filing for bankruptcy as well. Just google “china bank defaults” or something similar. Notice how many articles there are … Read more
by gubbsbe Source and graphs: JPMorgan has a new index — called the “Volfefe Index” — that measures Trump’s tweets and their impact on bond volatility. (1/x) pic.twitter.com/D37ocdebxk — Carl Quintanilla (@carlquintanilla) September 8, 2019
via Kevin C. Smith, CFA: The macro data has turned down materially. It’s too late for a Fed mid-cycle adjustment to keep the expansion going. That ship sailed post 2015. Add passive excess and valuation ignorance. Prepare for hard landing.
It really is stunning the amount of $$ thrown at WeWork. Softbank invests at a $47 bln valuation – now likely worth only $20 bln!!?? SoftBank employess face loss and possibly on hook for losses!!?? pic.twitter.com/r0bD8AE5Od — Dave Floyd (@DaveFloydTrader) September 9, 2019 https://t.co/DkVge3Fetx — mcm-ct.com (@mcm_ct) September 9, 2019
by theimpossiblesalad Source: spotify.com, numerama.com, ft.com, bloomberg.com, musically.com Spotify, Apple Music as of June 2019. Amazon Music, Pandora as of April 2019. Google Play Music/Youtube Music as of May 2019 Tools: Microsoft Excel and Adobe Photoshop for the visualization If you liked this, please consider following my Instagram account for more statistics, data, and facts
https://www.cnbc.com/2019/09/09/apple-appl-claims-it-broke-china-labor-laws-at-iphone-factory-mostly-false.html Apple on Monday denied most of what is in a report which alleges that the iPhone-maker and its manufacturing partner Foxconn violated Chinese labor law. A report by China Labor Watch, a New York City-based labor watchdog,claimed around 50% of the workforce employed in August at the largest iPhone factory in Zhengzhou, China, were … Read more
By Jon LeSage Generous government subsidies have been behind China taking the lion’s share of global electric vehicle sales in recent years — but now they’re being called to question and face another scandal. A panel of experts raised the flag over this scandal during a roundtable at the Fortune Global Sustainability Forum on Sept. 5, 2019 in Yunnan, China. While … Read more
Ron Paul, Institute for Peace and Prosperity, Released on 9/9/19 Former Federal Reserve official Bill Dudley’s recent op-ed calling for the Federal Reserve to implement policies that will damage President Trump’s reelection campaign states that such action would be unprecedented. Dudley claims the Federal Reserve bases its policies solely on an objective evaluation of economic conditions. … Read more
Judicial Watch President Tom Fitton discusses the Inspector General’s report and talks about how James Comey was spying on President Trump and violated the law!
AB Bernstein came up with the calculation — 1,832%, to be exact — by including not only traditional levels of public debt like bonds but also financial debt and all its complexities as well as future obligations for so-called entitlement programs like Social Security, Medicare and public pensions. Real US debt levels could be … Read more
Via ZeroHedge Blackrock’s Chief Investment Officer, Rick Rieder, best known perhaps for recently suggesting that the ECB should monetize stocks, writes in the Blackrock blog today and highlights the economic policy state-of-play today, and where it may lead to should economic growth falter, productivity not materialize, and populism continue to thrive. * * * The major global central banks continue … Read more
By Tsvetana Paraskova Saudi officials have approached some of the richest families in Saudi Arabia about potentially becoming anchor investors in the initial public offering (IPO) of state oil giant Aramco, Bloomberg reported on Monday, citing five people familiar with the discussions. Saudi Aramco could hold more formal meetings with some of the Kingdom’s wealthiest business families … Read more
by Chris Vermeulen of The Technical Traders As much as we would like to report that the US Stock market has recently cleared the future concerns of a global economic recession as well as expanded into a new growth phase, we simply can’t make that claim give the data we are seeing from our proprietary price modeling systems. … Read more
via physics-astronomy.org: The high pollution in the oceans is a big problem on the planet. According to recent research, it is likely that in the year 2050 we will find more plastic than fish in the waters of the seas, and for this reason there are many people working to generate solutions to this problem, some … Read more
via frontpagemag: The Washington Free Beacon reported Wednesday that “the Obama administration skirted key U.S. sanctions to grant Iran access to billions in hard currency despite public assurances the administration was engaged in no such action, according to a new congressional investigation.” And it gets even worse: “The investigation, published Wednesday by the House Permanent Subcommittee on Investigations, further … Read more
