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“It is a FOMO — fear of missing out — mentality on IPOs because investors are underperforming their benchmarks and looking at IPOs as a way to catch up on performance,“ said Kristin DeClark, the co-head of Barclays Plc’s U.S. equity capital markets practice and global head of technology ECM. https://bloom.bg/32cXWtW
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/ If you are sure the Fed won’t cut then either: 1)They ignore these numbers, which they never do. 2)Chance of no cut explodes from the current 0% to over 50% in the next 4 weeks. Don’t know what catalyst you are seeing for that. Maybe the view inside your ass (where your head is) … Read more
Riza Aziz, producer of “The Wolf of Wall Street,” was arrested Thursday in Malaysia in connection with the looting of a massive investment fund set up by his step father and former Prime Minister of Malaysia, Najib Razak. Aziz was picked up by Malaysia’s Anti-Corruption Commission (MACC) around midday local time. He was released shortly … Read more
China says the existing US tariffs against the country must first be removed if Washington wants any trade deal with Beijing. China’s Commerce Ministry spokesman Gao Feng announced the condition in a regular media briefing on Thursday, almost a week after Chinese President Xi Jinping and his American counterpart, Donald Trump, met on the sidelines … Read more
The yield curve remained inverted for three months, or an entire quarter, which has for half a century been a clear signal that the economy is heading for recession in the next nine to 18 months, according to Campbell Harvey, a Duke University finance professor who spoke to NPR on Sunday. His research in the … Read more
For More Information See: https://asiaharvest.org/china-update-a-message-from-the-church-in-china/? https://www.christianpost.com/news/china-raids-another-christian-church-detains-many-worshipers-report.html https://www.foxnews.com/faith-values/chinese-christians-imprisoned-for-faith-memorize-bible-guards-cant-take-whats-hidden-in-your-heart https://aclj.org/persecuted-church/27-christians-in-china-were-sentenced-up-to-13-years-imprisonment-for-sharing-the-gospel https://www.aljazeera.com/indepth/features/escape-xinjiang-muslim-uighurs-speak-china-persecution-180907125030717.html https://www.washingtonpost.com/world/2019/02/07/uighurs-australia/?utm_term=.ace836ccacfb https://www.cnn.com/2018/02/02/asia/china-xinjiang-detention-camps-intl/index.html https://news.ntd.com/undercover-footage-reveals-heartbreaking-persecution-of-falun-gong-practitioners-in-chinas-labor-camps_332565.html https://www.theguardian.com/world/2009/jul/18/china-falun-gong-crackdown https://www.opendoorsusa.org/christian-persecution/stories/christian-persecution-by-the-numbers/?mwm_id=327018977501&keyword=christian%20statistics&b&g&327018977501&1t1&c&2030454698&70553138143&gclid=EAIaIQobChMI_72m9pme4wIVBttkCh2NjwnaEAAYASAAEgIK-fD_BwE
Josh Sigurdson talks with standup poet, comedian and actor Benny Wills about some of the most important question not enough people are answering. Who or what rules the world? Why do people want to be ruled? What are people doing about it? How do you break paradigms? What is the end game? Are they desperate? … Read more
BY JOHN RUBINO Rick Rule: “These are the numbers I find compelling” … Deutsche Bank: “Three Fed rate cuts in 2019 are off the table” … Nouriel Roubini: Bitcoin is a scam … Grant Williams: How gold actually works in a crisis … Terrifying news about 5G from someone who’s installing it …
by visualcapitalist Just as there exists a longstanding inequality in the distribution of household wealth, so exists a considerable differential in the amount of wealth held by countries on the international stage. Simply put, some nations are “haves”, while many others are “have-nots”. “Wherever there is great property, there is great inequality.” – Adam Smith, The Wealth … Read more
via zerohedge: JP Morgan got out ahead of many of its Wall Street peers two months ago when its chief economist laid out the bank’s view that it now expects two 25 basis point rate cuts in 2019. Of course, that was before most analysts started calling for a 50 bp cut when the FOMC meets later this … Read more
https://www.bloomberg.com/news/features/2019-07-03/the-mystery-millionaire-who-haunted-london-s-insider-trading-trial July 2, 2019, 9:01 PM PDT When Alshair Fiyaz, a wealthy businessman with a shaggy mane of hair, walked into the garden of London’s Four Seasons Hotel on a pleasant June evening five years ago, he had no idea he was being followed. He was there to meet Walid Choucair, a trader wearing a … Read more
by AlexPitti The May monthly construction spending report was very bad as it was down 0.8% monthly and 2.3% yearly. The weakness is in residential construction, specifically, in single family residential construction. Residential construction spending fell 11.2% yearly. Single family spending fell 7.6% and multi-family spending was up 9.3%. Single family housing has become unaffordable which … Read more
by AlexPitti Estimates for Q2 EPS growth as of June 28th were -0.21%. Since firms usually beat estimates, it’s likely we will see growth. Even in the last recession more than half of companies beat estimates. We’re not suggesting earnings seasons in the last recession were good. They were bad because estimates cratered ahead of time. … Read more
A senior commander in Iran’s Islamic Revolutionary Guard Corps on Friday threatened to seize a British tanker if the UK doesn’t release the Iranian ship detained in Gibraltar on suspicion of carrying crude oil to Syria in violation of EU sanctions. “If Britain does not release the Iranian oil tanker, it is the authorities duty … Read more
via abcnews: During last week’s presidential debate, the former Newark mayor took a strong stance against the pharmaceutical industry, saying that pharmaceutical companies should be “held criminally liable” for the health and opioid crisis across the country and further stated that his campaign doesn’t take contributions from the industry’s corporate PACs and executives. ABC News’ closer examination of disclosure … Read more
by Simon Black Here’s our Friday roll up of the most absurd and concerning articles we came across this week. US Government officials consider banning end to end encryption Leaders from US government agencies are rumored to be pursuing a ban on end-to-end encryption. Tech companies like Apple and Google often build encryption into their … Read more
CNBC: Record Low Unemployment For Asian Americans (July 5, 2019)
