China: Paper Tiger – Rickards

by

via dailyreckoning: China’s shock currency devaluation last week begs the following questions: Is China a rising giant of the twenty-first century poised to overtake the United States in wealth and military prowess? Or is it a house of cards preparing to implode? Conventional wisdom espouses the former. Yet, hard evidence suggests the latter. Your correspondent in … Read more

One Century of Plane Crashes

by

by boxer-collar For the interactive version with commentary, see https://blog.ebemunk.com/century-of-plane-crashes/ I gathered the data from ASN Aviation Safety Database and put it in a PostgreSQL database. This database contains ~22,000 records of plane crashes with varying richness of data, most of it presented in the graphs above. I made the visualizations with React and d3, which I increasingly find … Read more

Is There A Hidden Political Agenda? The Mainstream Media Is Suddenly Full Of Stories About The Coming Recession

by

by Michael Snyder All of a sudden, it seems like the mainstream media just can’t stop talking about “the coming recession”.  If you go to Google News and type in the word “recession”, you will literally get dozens of articles from the last couple of days with “recession” in the headline.  And of course it … Read more

Uber spent $200K a year on balloons for staff anniversaries

by

As part of their effort to cut back on costs, Uber will stop honoring their staff’s work anniversary with giant helium balloons, which cost the company over $200,000 a year. Instead, the company will be giving stickers to employees on their “Uberversaries,” according to a report by Crunchbase. The report comes two years after CNN highlighted anniversary balloons that “dotted” Uber’s San … Read more

In January, WeWork announced it was rebranding as The We Company. It bought trademarks for “we.” From whom? We Holdings LLC, an entity controlled by WeWork CEO Adam Neumann “we” cost $5.9 million.

by

another tidbit I found amusing: In January, WeWork announced it was rebranding as The We Company. It bought trademarks for "we." From whom? We Holdings LLC, an entity controlled by WeWork CEO Adam Neumann "we" cost $5.9 million https://t.co/zn9PlSjKiQ pic.twitter.com/QrbzEALOq5 — Ellen Huet (@ellenhuet) August 14, 2019 If you buy WeWork shares, you're actually buying … Read more

BAML global (equity) fund manager survey (FMS) shows a record 50% of investors saying corporate balance sheets are over leveraged.

by

BAML global (equity) fund manager survey (FMS) shows a record 50% of investors saying corporate balance sheets are over leveraged. Will companies be creative in their #buybacks efforts at low/sub-zero interest environnement ? h/t @Schuldensuehner @MRVAssociates @DiMartinoBooth https://t.co/agY8QsKo4K pic.twitter.com/la8LMojRqO — Mo Hossain (@MoHossain) August 14, 2019 Why Corporate Bonds Stink. Listen now to why I … Read more

9 major economies are in recession or on the verge of it; 18 economies now have 30-year yields inverted vs. the Fed Funds rate.

by

via Heather Long Can the US stay solid with so much trouble around the globe? It’s a key q… Germany UK Italy Mexico Brazil Argentina Singapore South Korea Russia https://washingtonpost.com/business/2019/08/15/key-countries-are-verge-recession-driving-fears-us-could-follow/ #economy #stocks Nine major economies around the world are in recession or on the verge of one, raising fears that a global economic slowdown could … Read more

If you blew up a call in 2008 you’re supposed to get better and less arrogant. Every 10 years you should be able to look back and say you are better at your job than you were 10 years ago.

by

via GreekFire23:   via Jesse Felder: ‘This is the 7th time in 35 years that 30-year yields have declined by such a large degree over a 10-day span. All these instances occurred in the middle of great stress.’ https://bloomberg.com/opinion/articles/2019-08-15/markets-finally-have-their-yield-curve-inversion-now-what via Eric Basmajian: Here is our long lead (inv) vs. BBB spreads YoY. It is indicating that BBB … Read more

Healthcare Services Inflation YoY Highest On Record

by

via upfina: Even though stocks have done well in the past few months outside of the recent August correction, fund managers have been consistently bearish. Either they will be proven right or the negative sentiment will provide jet fuel for a stock market rally. Perhaps a little of both, it depends on your time horizon. As … Read more

WeWork, which rebranded to the We Company, is widely expected to go public as soon as September. WeWork was recently valued at $47 billion. The company reported revenues of $1.54 billion and a net loss of more than $900 million for the first six months of 2019.

by

WeWork is widely expected to hold its IPO as soon as next month, joining a flurry of tech companies that have gone public this year. The company, which recently rebranded to the We Company, announced in April it had confidentially filed for an IPO. We Company reported a net loss of more than $900 million … Read more