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PHILADELPHIA (CBS) — A report of a fire in a trash chute at a Philadelphia high-rise was followed by a dramatic scene that played out high above ground. Chopper 3 was there as a man scaled down the side of the 19-story building on the 4400 block of Holden Street in West Powelton. The man … Read more
via bakersfield: WASHINGTON — Denise Wall, a Fresno-area schoolteacher with more than $2,000 in medical bills, was outraged to hear she could get free care if she quit her job and enrolled her family in Medicaid. Brenda Bartlett, a factory worker in Nebraska, was so angry about $2,500 in medical bills she ran up using the … Read more
President Trump tells aides to look for big spending cuts in second-term, seeding confusion about budget priorities WASHINGTON – President Donald Trump has instructed aides to prepare for sweeping budget cuts if he wins a second term in the White House, five people briefed on the discussions said, a move that would dramatically reverse the … Read more
Ted Cruz Asks U.S. to Designate Antifa a Terrorist Organization. Related: CNN Host Palled Around with, Promoted ICE Firebomber’s Antifa Group. United Shades host W. Kamau Bell spent the May 5 edition of his show “hanging out” (his words) with a number of Antifa groups, including the JBGC, whom he dubbed the “good guy[s].” Quillette journalist Andy Ngo … Read more
by Martin Armstrong QUESTION: Marty, wasn’t the Dust Bowl the worst heatwave in history? DL ANSWER: Yes, you are correct. Despite the hype this weekend, the heatwave is nowhere near historical records. The peak was the 1930s which created the Dust Bowl. The agenda is clear and these people will use every heatwave to end civilization … Read more
Authored by Pater Tenebrarum via Acting-Man.com, Intra-Market Divergences Galore US big cap stocks have rallied to new highs in recent months, but just as in the rally from the low of the February 2018 mini-panic to the September/October 2018 peak, sizable divergences between different indexes have emerged in the process. New highs in the big … Read more
by Troy If you read financial news & market analysis from pundits every day, it’s easy to be overwhelmed by countless charts, data, indicators, opinions, etc. In this post, I’m going to focus on what I think really matters for the stock market right now. A quick recap: Long term risk:reward does not favor bulls … Read more
by Charles Hugh-Smith This is the fantasy: we can rebuild our entire global industrial society every generation or two forever. “Earthrise” is one of the most influential photographs ever published. Taken on the Apollo 8 mission in late December 1968 by astronaut Bill Anders, it captures Earth’s uniqueness, isolation and modest scale: a blue and white … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter In 2013, I called Goldman Sachs a “snake-oil salesman” for underwriting a $1 billion J.C. Penney stock offering. Investors got wiped out. Now the bonds, including a 100-year bond, which has collapsed. J.C. Penney, which just took another step toward what will eventually be a bankruptcy filing and likely liquidation of … Read more
via missionlocal: ZFGH — which ran at a stunning 24.5 percent operating deficit in the latest fiscal year — works to collect $3,321.47 from unemployed former bike messenger who received one stitch “Goddamn,” says Conan Mattisson with a laugh. “It was probably one of the dumbest accidents ever.” You know how it is. You buy a … Read more
via MarketWatch: First the good news: As you know, the stock market has surged for more than a decade. Since the recession low of March 9, 2009, the S&P 500 SPX, -0.62% has rocketed from a devilish 666 to over 3,000 today. That’s a gain of 350% in 10 years. Talk about building wealth. Now the bad news: … Read more
via @crescatkevin: 1. The Fed is shifting back to easing mode as the global economy is faltering 2. Rate cuts assure a new trend of declining real yields to drive precious metals higher 3. 6 and 7-year trends in real rates and gold have both reversed
The US is the only stock market in the world to make new highs recently. Every other G-20 index already peaked a long time ago. Macro imbalances abound as fundamentals are deteriorating. How long until US stocks catch up to the downside? pic.twitter.com/9HkTY3kuqP — Otavio (Tavi) Costa (@TaviCosta) July 19, 2019 The market is fundamentally … Read more
here's why the fed is terrified – industrial slowdown only getting started pic.twitter.com/esz87RTBW5 — Alastair (@StockBoardAsset) July 19, 2019 50 bps cut probability collapses – setting the stage for disappointment – too many implied cuts were priced in, and fed know its w/ damage control friday pic.twitter.com/jIOJTc6eFL — Alastair (@StockBoardAsset) July 19, 2019 Expect a … Read more
by vipnasty This post is meant to be a follow up to what I wrote roughly 7 months ago. https://www.reddit.com/r/investing/comments/a4esl5/the_case_for_altria_mo/ I want to preface this by saying that I understand those who have a moral objection to investing in tobacco. I’m trying to write about this purely from an investment standpoint. The stock dipped earlier this … Read more
by HiRezolution1337 Well boys, looks like I messed up. I did a calendar spread on NFLX before earnings (opened last week). I sold the 7/19 370 Put and bought the 7/26 370 Puts. Classic right? Well I nailed it on earnings. Thankfully I closed out from 10 contracts to only 2 long and … Read more
via WSJ Adam Neumann, CEO of the We Co’s cashed out $700MM in debt and equity for other ventures. Generally not a good sign when the founder/CEO dumps stock, let alone, before an IPO.
From Fortune: Teen suicide rates are at their highest level since 2000. And a new study released Monday says too much time on social media could be contributing to that. A study published in the journal JAMA Pediatrics found that the teens who spend too much time on social media or watching television become notably more depressed. The six-year … Read more
by Doug Casey Just because society experiences turmoil doesn’t mean your personal life has to. And a depression doesn’t have to be depressing. Most of the real wealth in the world will still exist – it will just change ownership. What is a depression? We’re now at the tail end of a very long, but in … Read more
POLL: Can Americans shop for medical services? https://bit.ly/2NZIf6o AEI’s James C. Capretta argues that the federal government can help Americans reduce their costs by facilitating transparent pricing. ARTICLE — Toward meaningful price transparency in health care https://bit.ly/2Sh5jMm