Congressional activity: week of 7/29 to 8/2

by NonExpert_NotAdvice Good Sunday, and welcome to this (late) installment of Congressional activity and financial markets. The general idea is that the statements and actions of federal legislators can have an effect on broader markets. I try to provide interesting happenings as well as participants. I don’t suggest any specific positions: I’d like those to … Read more

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

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

(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!)

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

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

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.

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

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

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

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