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by Jared Dillian I am on Facebook, and there is a lot of crap on Facebook. Even the non-political crap is stuff I just do not believe in. For example, people say that you should spend your money on experiences, not things. There is some spiritual component to this that I don’t get. I like spending … Read more
by John Mauldin A decade ago I pointed out that public pension funds were $2 trillion underfunded and getting worse. More than one person told me that couldn’t be right. They were correct: It was actually much worse. It has gotten to $2 trillion and much worse in just a few years. Note that we are … Read more
After reporting a LA’s most notorious trash pile to the city’s 311 services hotline, the I-Team was told it could take up to 90 days before it’s cleaned up. An expert says there’s no time to waste Rat-infested piles of rotting garbage left uncollected by the city of Los Angeles, even after promises to clean … Read more
by TFittonJW President Trump retweeted my material on Judicial Watch’s anti-Corruption finds. As usual, leftists went crazy and had to resort to attacking my appearance: Never in American history has there been such a spy effort against a candidate (@RealDonaldTrump) and abuse of power targeting its political opposition. Never before, not Nixon…never before. And Barack … Read more
Asia Liquidityboosted bycross-borderinflows, butheld back bytight BoJ andPBoCask : act@liquidity.com for your weekly/ monthly reports and data? #Asia #China #PBOC #BOJ #Japan #Liquidity pic.twitter.com/W30CsUbHYs — CrossBorder Capital/ GLIndexes (@crossbordercap) May 17, 2019
#Copper: Trade war having a massive impact on #Chinese new export orders have collapsed to a 10 year low since we first wrote about it last month. The implied copper price from the chart below stands at around $4000 per tonne, according Refinitiv. pic.twitter.com/UQ4P5RFRNf — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) May 21, 2019
by Slothman2 Full disclosure: I own a short position. It makes no difference to me if Uber succeeds or fails, I’m not a stakeholder of the company. I’ve never shorted a stock due to high risks but Uber almost seems too perfect not to do so. Below are my reasons for shorting Uber, … Read more
Global dividend payouts rose 7.8% to a first-quarter record of $263.3 billion. Janus Henderson expects $1.43 trillion in dividend payments this year. https://www.cnbc.com/2019/05/20/us-breaks-all-time-record-for-dividends-as-investor-payouts-surge.html
Americans now pay their banks an average 17% interest on credit cards — the highest level recorded by the Fed. The rising monthly cost for U.S. consumers may be one reason they’re spending less, as April’s weak retail sales laid out. The combination doesn’t bode well for GDP growth. “This is key because of the … Read more
https://techcrunch.com/2019/05/16/fiverr-files-to-go-public/ https://www.sec.gov/Archives/edgar/data/1762301/000104746919003139/a2238508zf-1.htm Other reporting notes: Repeat customers make up 57% of rev in 2018 , up 2% from 2017 2.1M active buyers in 2018 vs 1.9M in 2017; active buyers defined as anyone who makes 1 purchase in 12 months, irrespective of cancellations Take rate, or revenue as a percentage of Gross Merchandise Volume (total … Read more
via axios: Investing in unbundled risk can be extremely dangerous. Alan Greenspan was never more wrong than when he defended the deregulation of derivatives in 1999: “These new financial instruments are an increasingly important vehicle for unbundling risks. These instruments enhance the ability to differentiate risk and allocate it to those investors most able and willing to take … Read more
by east_off Credit Card debt is a SLIPPERY as hell slope. Manage it from the beginning. Here’s what I wish someone told me but nobody did… 1) DELETE the mindset of “I’ll pay it off later… bc you won’t.” 2) unlike a car or home, CC debt compounds in the opposite direction and will not … Read more
by SP Once again we watch as the stage is set for war. Authored by Janine Jackson via Fairness & Accuracy In Reporting, Even while feigning reluctance, the foundational attitudes on which the war will be based are set in the public mind. The inevitability of the war is planted in the public mind the … Read more
so let's talk about the 2h19 recovery pic.twitter.com/Ke1zGqjDne — Alastair (@StockBoardAsset) May 20, 2019 Korean exports to: China fell -15.9% YoY (this is Korea's largest country-level MARKET) 🤢EU -19.4%, ouch 🤢Japan -1.4%US -4.4% Chips -33%Oil product -5.1%Car +12.6%Wireless telecom devices +5.2 As a very China-exposed economy, Korean exports & investment are badly hit😬 — Trinh … Read more
Lately, Instagram is one of the most powerful forces in the marketing world. In January 2019, it reached 100 million monthly active users, while the current number of users is 400 million. So, why would you still wonder why companies are dedicating time and money to promote their brand on this channel? However, brands are … Read more
by Michael Snyder If the U.S. economy is “booming” and very bright days are ahead, then why are many large U.S. corporations laying off thousands of workers? Layoffs are starting to come fast and furious now, and this is happening even though the coming recession has not even officially started yet. Of course many are … Read more
by Michael Snyder There is not going to be a trade deal between the United States and China any time soon, and that is going to mean a tremendous amount of pain for the U.S. economy. For months, hope that the U.S. and China would soon reach a trade deal helped to elevate global financial … Read more
via zerohedge: As the anti-American sloganeering reaches an unprecedented level of froth (there’s now an unofficial trade war ‘fight song’) across China, the Commerce Department has softened its anti-Huawei stance, calling for a 90-day reprieve to allow American broadband companies more time to work out a ‘Plan B’. The delay will cover continued operation of existing networks … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Just bumping along the bottom, from hopeless to hope and back to hopeless. The amazing thing with Deutsche Bank shares is this: Since 2007, so for 12 years, bottom fishers have been routinely taken out the back and shot, every time, with relentless regularity – as have big institutional investors, from … Read more