PayPal stock falls after lowered revenue outlook trumps earnings beat

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https://www.marketwatch.com/story/paypal-stock-falls-after-lowered-revenue-outlook-trumps-earnings-beat-2019-07-24 https://www.cnbc.com/2019/07/24/paypal-q2-earnings.html For the second quarter, posted net income of $823 million, or 69 cents a share, up from $526 million, or 44 cents a share, a year earlier PayPal’s revenue came in at $4.31 billion vs. the expected $4.33 billion I think the most important comment from the call was “Schulman said that PayPal … Read more

Millennials Aren’t Having Kids. Here’s Why That’s A Problem For Baby Boomer Real Estate & Retirement

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After 30-plus years in her career, Donna is counting down the months until retirement. She gleefully shares with me everything she has planned for when she can do whatever she wants, whenever she wants. But in the middle of her excitement, something turns her mood. She clenches her fists and asks me demandingly, “Where are … Read more

Visualizing the Unstoppable Car Debt in America

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by howmuch Debt is a pressing issue in the United States, with total private and public debts hitting $70 trillion. At the federal level, growing budget deficits are contributing to this rise, while the private sector has a new growing source of debt: auto loans. Auto loan balances in the U.S. hit a record high $1.28 trillion in … Read more

Is VIX Whale ’50-Cent’ Back? Volatility Collapse Sparks Huge Bearish Bets

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via Zerohedge: In the last two days, someone, or more than one, has been aggressively buying VIX Calls (bearish market bets that gains as risk re-emerges) relative to puts (bullish bets)… Sending the Call/Put ratio soaring… It seems these notable spikes in VIX Call buying coincide with severe market turning points. Major build up of large VIX … Read more

New UK Prime Minister Boris Johnson fires nearly all of Theresa May’s Cabinet and replaces them with Brexit supporters

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Boris Johnson has held his first meeting of his new-look Cabinet after bloodbath of Theresa May’s ministers The incoming PM culled nearly two-thirds of predecessor’s team as he created a new Brexiteer group  Many of the Vote Leave 2016 referendum team have been installed as top ranking ministers or advisers  Mr Johnson told ministers they … Read more

Fund Manager: It’s Just A Matter Of Time (Before The Stock Market Tips Over Again)

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by Dave Kranzler of Investment Research Dynamics Texas Instruments reported its Q2 yesterday after the close.  Revenues were down 9% YoY for Q2 and management forecast an 11% decline for Q3. The stock market rewarded this fundamental deterioration in TXN’s business model by adding nearly $8 billion to TXN’s valuation as I write this. The Dow Jones Transports … Read more

The Government Just Screwed Us Again

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By Rodney Johnson Conservatives vs. Liberals I’ve got friends on both sides of the political aisle. Some are huge Trump supporters. They’re giddy over his tweets about “The Squad.” They think, why not call out people who demean the country? And if they don’t like it here, why don’t they just go anywhere else? And how … Read more

Federal Government to Resume Capital Punishment After Nearly Two Decade Lapse

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Federal Government to Resume Capital Punishment After Nearly Two Decade Lapse Attorney General William P. Barr Directs the Federal Bureau of Prisons to Adopt an Addendum to the Federal Execution Protocol and Schedule the Executions of Five Death-Row Inmates Convicted of Murdering Children Attorney General William P. Barr has directed the Federal Bureau of Prisons … Read more

The $6 Trillion Pension Bailout Is Coming

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by Lance Roberts Fiscal responsibility is dead. This past week, Trump announced he had reached an agreement with Congress to pass a continuing resolution which will suspend the debt ceiling until July 2021. The good news is that it will ONLY increase spending by just $320 billion.  What a bargain, right? It’s a lie. That … Read more