U.S. Corporate Debt Continues To Rise As Do Problem Leveraged Loans

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A few weeks ago, I wrote about how highly leveraged zombie companies threaten the global economy. After spending the last few days analyzing data and reports from the Federal Reserve, the Institute of International Finance, Fitch Ratings, Debtwire, and S&P Global Market Intelligence, unfortunately, I am even more worried. U.S. nonfinancial corporate debt of large companies now stands at about $10 trillion … Read more

David Einhorn Says He’s Short U.S. High Yield, Investment Grade Debt

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(Bloomberg) — Hedge fund manager David Einhorn says that he’s shorting U.S. corporate debt as protections for creditors deteriorate. His firm Greenlight Capital is wagering against both junk and investment grade debt, according to an investor letter seen by Bloomberg. The macro position will provide a hedge for the firm’s bullish equity positions in addition … Read more

Stock picks and discussion for bulls and bears (7/29 – 8/2 trading week and beyond!)

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by EsteevTrabajos1 Hey y’all! I will be creating weekly posts (depending on the feedback) with a few stocks to keep on your watchlists for bulls and bears, and for short- and long- term investors. These posts are meant to start a discussion about individual stocks, their technicals and fundamentals. My ultimate goal with these posts is simply … Read more

The Global Economic Momentum Is Slowing – FT

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Each passing week is bringing more evidence that the pessimists are right about the underlying momentum of the global economy. The threat of a prolonged dislocation of international commerce from a trade war, on top of a recovery that was already starting to look tired, has put policymakers back on alert. This week it was … Read more

Rickards: Preparing to Protect Your Wealth In An Economic Downturn

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Stocks are near all-time highs, but investors should be prepared to protect their wealth in times of economic downturns, knowing a bull market can’t last forever. We spoke to Jim Rickards, Author of ‘Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos’. https://cheddar.com/media/preparing-to-protect-your-wealth-in-an-economic-downturn

FITTON: BIG Truth: Mueller was an absentee landlord as special counsel. His right hand guy was a paid Clinton world lawyer and Andrew Weissmann, the anti-Trump activist, did the hiring. Judicial Watch has the docs and testimony.

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by TFittonJW https://www.judicialwatch.org/press-releases/judicial-watch-obtains-doj-documents-showing-andrew-weissmann-leading-hiring-effort-for-mueller-special-counsel/ BREAKING: So I just figured out Aaron Zelbey, who was inserted as "witness" last minute to help Mueller tomorrow, was almost certainly paid by Clintons to represent their aide in email scandal investigation. @JudicialWatch obtained the testimony on this: https://t.co/CcGR9aNW5M pic.twitter.com/pFJCx2cbcm — Tom Fitton (@TomFitton) July 24, 2019

Mueller Disaster, Spending Deal, Global Economy Fragile

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Special Prosecutor Robert Mueller, who tried to uncover dirt on President Trump for the past two years, finally testified in front of Congress about his recently completed report. Democrats pushed for this, but it exploded in their faces as Mueller stumbled, bumbled and mumbled through his testimony. Many are saying his depreciated mental state shows … Read more

Antibiotic Abuse Is The One Form Of Drug Abuse That Can Directly Harm Others

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Many take antibiotics without prescription, endangering efficacy. On the other hand, the overhead involved in seeing a doctor for a simple sinus infection or UTI is too high.   No one would argue that antibiotics are an amazing 20th-century innovation, promising a quick cure for bacterial illnesses that might otherwise cause serious harm or death. But … Read more

A path to desperately needed reform of the US military

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by Fabius Maximus Summary: the US military has a trillion-dollar budget, 3.2 million employees, and is deeply dysfunctional. Reforming the US military is considered almost impossible by experts. How might reform happen? Who can do it and how – hopefully before we need an effective defense? Here is a solution, or a sketch of one. “Where … Read more

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else.

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by Playaguy   This post won’t be popular, but the truth rarely is. An entire generation is growing up thinking that stealing from those who earn things and giving it to those who don’t = prosperity. It doesn’t. History shows us lack of incentives leads to scarcity which leads to collapse and starvation. It happened … Read more

Do You Trust Snopes? You Won’t After Reading This.

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via foodbabe: The big players in the GMO and agrochemical industry – Monsanto, Bayer, Dow, Syngenta, DuPont – are engaging in an extensive public relations, advertising, lobbying and political campaigning to make sure that genetically engineered crops (GMOs), and the chemical pesticides they require, continue to proliferate in the U.S. To improve their public image, they are … Read more

FAA Never Inspected 737 MAX, Blindly Trusted Boeing

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Thanks to a ‘broken regulatory process,’ the Federal Aviation Administration has been passing off routine oversight tasks to manufacturers for years. In the case of the beleagured 737 Max, however, the plane was so advanced that the regulator “handed nearly complete control to Boeing,” which was able to sign off on its own safety certificates, according to … Read more

Trump adds $4.1 trillion to national debt. Here’s where the money went

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  Many investors are worried about the ballooning national debt, with 54% naming the political environment and 47% viewing national debt as their top concerns, according to a UBS second-quarter investor sentiment survey. Tax and spending policy are the main reasons for the national debt expansion from 2017 to 2029, according to CRFB. The biggest … Read more

Beyond Meat’s (BYND) market cap is bigger than 25% of the S&P 500

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Shares of the fake meat maker have soared over 820% since its initial public offering on May 2, putting Beyond Meat’s market capitalization at a whopping $13.85 billion. That valuation is higher than that of roughly 25% of the companies in the S&P 500 index, including decades-old industry stalwarts like Molson Coors, Viacom, Under Armour, and JetBlue. At its Friday morning … Read more

IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders: ‘Taxpayers should take these letters very seriously,’ IRS Commissioner Chuck Rettig said

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IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders ​ An IRS spokesman declined to say whether the letters stem from information turned over by digital-currency platform Coinbase. In mid-March of 2018, Coinbase provided data—under a federal court order—on about 13,000 accounts requested by the IRS. One version of the letter recently uploaded to the IRS … Read more