Lyft Shares Plunge 10% in 4 Hours from “Pop” to Close

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter IPO investors tried to unload while they could. Lyft started trading today as a public company. It had lost $911 million last year. Investors have been subsidizing every ride. Outside of burning the money that its investors have handed it, Lyft does not seem to have a sustainable business model. To … Read more

The “Miracle Cure”: Walking

by Charles Hugh-Smith The activity/exercise must be enjoyable enough that it doesn’t take a massive application of willpower to make it happen. While selling health-related “miracle cures” of one kind or another is big business, the real “miracle cure” is activity/exercise. The essential role of exercise/fitness is backed up by a large and growing body of … Read more

Midwest Apocalypse: According To Satellite Data, “At Least 1 Million Acres Of U.S. Farmland” Have Been Devastated By Floods

by Michael Snyder  We have never seen anything like this before.  According to satellite data that was just released by Reuters, “at least 1 million acres of U.S. farmland” were covered by water for at least seven days this month.  That is an agricultural disaster without equal in modern American history, and yet the mainstream media … Read more

How the Tech Giants Make Their Billions

by visualcapitalist At a glance, it may seem like the world’s biggest technology companies have a lot in common. For starters, all five of the Big Tech companies (Amazon, Apple, Facebook, Microsoft, and Alphabet) have emerged as some of the most valuable publicly-traded companies in the world, with founders such as Jeff Bezos or Bill Gates … Read more

The Perfect Financial Storm

by Martin Armstrong COMMENT: Martin, Have read the two blogs on the Emerging Markets. Hit like a cold bucket of ice water. Knew something was coming from all your writings and the EMC, but Wow. Right in front of us. Here is an observation, a thought: Emerging Markets could turn out to be the Sub-Prime of … Read more

Oil Prices Climb As Geopolitical Issues Mount

By Tom Kool Oil prices closed the week on a positive note, as professional buyers are more convinced that oil is trending higher in the short term. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, March 29th, 2019 While the breakneck growth of U.S. … Read more

JUST NBC THE BIAS

Reporter: The head of NBC News’s political coverage tried to bully me out of a scoop — on behalf of the DNC. It must be noted up front that there’s no evidence that the DNC put her up to doing this. It may be that Dafna Linzer, former WaPo reporter and current managing editor of … Read more

US Customs and Border Protection Deputy Commissioner: “We Are Beyond The Breaking Point”…. Obama DHS Sec: “We Are Truly In A Crisis” At Border

During an interview with CNN’s Brianna Keilar, U.S. Customs and Border Protection Deputy Commissioner Robert Perez confirmed that there is a crisis on the border saying “we are beyond the breaking point.” Be sure to like, subscribe, and comment below to share your thoughts on the video.     https://www.youtube.com/watch?v=7LMoq9oKYcc Trump Makes Major Border Wall … Read more

Goldman Sachs: U.S. Drillers Aren’t Hedging Enough

By Irina Slav Oil producers in the United States are not hedging enough future production while oil prices trend higher, Goldman Sachs has warned. According to the investment bank, drillers were now focusing more on shareholder returns and improving cash flows than locking in future prices in a bid to make sure they don’t get burned … Read more

The budget is blowing up in their face and they know it. The tax cuts did not pay for themselves and deficits are ballooning, federal spending is the highest in 10 years….

by northmantrader My take here: The budget is blowing up in their face and they know it. The tax cuts did not pay for themselves and deficits are ballooning, federal spending is the highest in 10 years as tax receipts have been slowing. It’s a receipe for budget disaster. Don’t give me this two faced nonsense: “I don’t think … Read more