World Bank’s Goal of Ending Extreme Poverty by 2030 Is in Jeopardy

by

via MarketWatch: The World Bank’s primary goal of ending “extreme” poverty by 2030 is in jeopardy, said new World Bank president David Malpass on Thursday. At his first news conference since taking office this week, Malpass said poverty is getting worse in some countries in sub-Saharan Africa where per-capita-income is now projected to stay below 1% … Read more

IPO’s: Rewarding Reckless Risk Pricing, Again

by

via trueeconomics: Markets are supposed to be efficient. At least, on the timeline that allows to price in probabilistically plausible valuations of the firms. Markets failed to be efficient at the time of the dot.com bubble. And, it appears, they are back at the same game: As the chart above shows, share of IPOs issued at … Read more

Global Supply of Negative Yield Bonds Hits $10 Trillion

by

by confoundedinterest17 To listen to some talking heads, everything is beautiful. But according to the bond market, everything is not beautiful. In fact, there is concern about global economic growth and financial fragility. There is now $10 trillion in negative yielding bonds in the global economy. And in Europe, there are 16 nations with negatiive 2-year sovereign … Read more

Shadow Banking Is Now a $52 Trillion Industry

by

via CNBC:   Nonbank lenders, often called “shadow banks,” now have $52 trillion in assets, a 75% increase since the financial crisis ended. The industry was at the center of the financial crisis when the subprime mortgage market collapsed. Industry officials say shadow banks still face considerable regulation and can help provide buffers in times … Read more

America Has a Monopoly Problem

by

By John Mauldin Without realizing it, we’ve become a nation of monopolies. A large and growing part of our economy is “owned” by a handful of companies that face little competition. They have no incentive to deliver better products or to get more efficient. They simply rake in cash from people who have no choice … Read more

THOSE AREN’T COVERED NOW

by

Bernie Sanders unveils Medicare for All proposal, suggests role of health care insurers would be reduced to ‘nose jobs.’ The move reopens the debate over his call to eliminate private health insurance and highlights Democratic presidential candidates’ disparate visions for the long-term future of health care. President Trump and Republicans have slammed the “Medicare for … Read more

Walmart Says Employees are “Happy” That Robots Are Taking Their Jobs

by

By Dagny Taggart Artificial intelligence is rapidly moving closer to making humans redundant. Self-checkouts have been replacing human employees for quite some time, and now robots are taking other jobs. Walmart is replacing some employees with robots. Yesterday, the Wall Street Journal reported that Walmart is deploying robots to carry out mundane tasks like mopping its floors and … Read more

AOC whines her life is endangered by conservative criticisms

by

by Dr. Eowyn Christal Hayes reports for USA Today that yesterday, April 10, 2019, freshman Rep. Alexandria Ocasio-Cortez (D-NY) tweeted that her life is in danger by a fundraising email sent out by the Ohio College Republican Federation (OCRF) with the subject line: “AOC is a domestic terrorist.” The email, which was posted by Center for Public Integrity … Read more

Carmageddon at Tesla-Panasonic Gigafactory in Nevada and Shanghai

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Expansion and investment plans frozen, after deliveries of Teslas plunged in Q1. The core of every Tesla is the battery, and the core of the battery is the battery cell technology, and that technology doesn’t belong to Tesla. It belongs to Panasonic, which makes the battery cells that Tesla packages into … Read more

RIP Press—Julian Assange Shouts Cryptic Message To Trump Upon His Arrest

by

For More Information See: https://www.dailymail.co.uk/news/article-6911977/U-S-indicts-Julian-Assange-charges-hacking-hundreds-thousands-classified-documents.html https://www.dailymail.co.uk/news/article-6911187/Wikileaks-founder-Julian-Assange-arrested-police.html https://www.dailymail.co.uk/news/article-6911977/U-S-indicts-Julian-Assange-charges-hacking-hundreds-thousands-classified-documents.html https://www.infowars.com/mystery-assange-shouts-resist-and-yells-message-to-trump-administration/ https://www.mediaite.com/online/glenn-greenwald-rages-against-assange-arrest-battles-journos-its-the-criminalization-of-journalism/

GLOBAL Currency Monopoly! – IMF Wants To CONTROL EVERYTHING!

by

Josh Sigurdson talks with author and economic analyst John Sneisen about the absurdity of recent comments by the IMF’s Christine Lagarde where she warned of a serious monopoly problem… in the future… Lagarde’s plan was essentially to bring in more regulations in order to stop monopolies from forming which she says stifles growth. Ironically, the … Read more

Stocks Rise as Earnings Estimates Fall

by

By Matthew Kerkhoff, FS Earnings season officially kicks off this week, so let’s begin with a quick look at how expectations have evolved, and what it could mean for stock prices moving forward. The first thing to note is that S&P 500 earnings are expected to decline for the first time since second quarter of … Read more