Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Central-Bank Stimulus Fail: The longer it drags on, the worse it gets? Manufacturing in the powerhouses Germany, Japan, and China took a hit – all of them complaining about exports. But US manufacturing continues to expand, according to a slew purchasing managers indices (PMI) released by IHS Markit. US Manufacturing Clings … Read more
Will Madrid be next? By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Less than a year has passed since Uber returned to Barcelona, after a three-year leave of absence. But it’s already planning to leave the city again in the wake of renewed conflict with the city’s highly mobilized taxi drivers as well as … Read more
by visualcapitalist In America, approximately 150 million people are currently employed, doing everything from neurosurgery to greeting customers at your local Walmart Supercenter. While there is a breathtaking variety of jobs out there, a few large-scale organizations stand out as the top employer in each state. THE LARGEST EMPLOYER IN EACH STATE The U.S. is the … Read more
by optionsnewbie94 Tesla was downgraded to underperform by RBC Capital, which said that the electric car maker has finally started to give some straight talk to investors about its future growth, but many are still not listening because they are still too enthralled by the company’s founder and CEO Elon Musk. Analyst Joseph Spak … Read more
Earnings: $1.22 per share as expected by analysts, excluding certain items, according to Refinitiv. Revenue: $19.01 billion as expected by analysts, according to Refinitiv. https://www.cnbc.com/2019/01/24/intel-earnings-q4-2018.html
via CNBC: Covenant quality, or the protections lenders get in the leveraged loan markets, reached a historic low in the third quarter. Former Fed Chair Janet Yellen warned last month that investors in the space face dangers similar to what happened during the financial crisis. Leveraged loan volume has now surpassed the $1.2 trillion junk … Read more
by Jeff Clark, Senior Precious Metals Analyst, GoldSilver Should you buy precious metals in physical form? Or is some sort of bullion ETF sufficient? This article examines the pros and cons of buying and holding physical gold and silver. We’ll also look at the #1 advantage of having physical metals at your disposal. CONS Like … Read more
KEY POINTS -All-star hedge fund manager David Einhorn explains in a letter why his hedge funds lost more than a third of their value last year. -Greenlight Capital, lost 11.4 percent in the fourth quarter, bringing its decline to 34.2 percent in 2018. -He also decided to reopen his funds to new investments, a move … Read more
by Lance Roberts There has been a litany of articles written recently discussing how the stock market is set for a continued bull rally and that last year’s 20% decline was just an anomaly. The are some primary points that are common threads among each of these articles which are: 1) interest rates are low, … Read more
Via Marketwatch Robots aren’t replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report. The report, published Thursday, says roughly 36 million Americans hold jobs with “high exposure” to automation — meaning at least 70 percent of … Read more
by Amy S. Despite constant reassurances from federal overseers, Americans are becoming increasingly aware of the economy’s frail nature. While media pundits and analysts desperately push the failure of central planning and Keynesian economics, these five experts continue to be proven right on the dangers of reckless spending and debt. Here are five renowned experts who … Read more
By Harry Dent Look at this insanity… I would never have thought this many major cities would have 11%-plus mortgages underwater… especially not at the top of a second real estate bubble. How bad will it be when we move into the next recession depression?! Look at Hartford, Connecticut: 43% of mortgages there are under water! How could that … Read more
by John Coumarianos Do current stock prices reflect a speculative frenzy? It’s a crucial question for anyone trying to preserve and grow their capital, but also a difficult one to answer. Martin Tarlie of Boston asset manager Grantham, Mayo, van Otterloo (GMO) has just published a short paper trying to quantify investor sentiment and whether it has … Read more
As Democrats in Congress refuse to secure the US southern border, the cost of illegal immigration continues to mount. The United States spends over $268 billion dollars a year supporting illegal aliens. That money covers expenses such as healthcare, education, childcare, the justice system, and welfare—forcing US taxpayers to shell out $734 million dollars every … Read more
by Pumpdawg88 This is an example of overburdening the American People and outrage is not just understandable, but acceptable. The government as been shut down for over a month now and this is a financial burden that we must not accept. via tmj4: The newest number out show thousands of drivers ended up with parking tickets … Read more
by axolotl_peyotl The War on Terror, like the War on Drugs, is merely a propaganda effort by TPTB to divide and conquer, as well as to further cement their inhumane control grid. Al-Qaeda/ISIS etc. is simply a state-sponsored/state-crafted boogeyman meant to excuse the systemic slaughter that defines the very existence of the military industrial complex. … Read more
Via The Week Humiliating stunt is latest in a series of headline-grabbing workplace punishments Video footage shows employees at a Chinese beauty company crawling along the street on their hands and knees after failing to meet targets. Pedestrians in Tengzhou, in the eastern Shandong province, are seen looking on in astonishment as half a dozen … Read more
Jan. 24, 2019 – 5:54 – California Republican Rep. Kevin McCarthy says that as federal employees are set to miss their second paycheck, Nancy Pelosi is sending House members home instead of working on legislation to end the partial government shutdown. Watch the latest video at foxnews.com https://video.foxnews.com/v/5993511954001/#sp=show-clips
Hat tip P2 Via Wired https://media.wired.com/clips/5c0ff6da33b7db2d65e1258b/master/pass/lede.mp4 A friend of mine, who runs a large television production company in the car-mad city of Los Angeles, recently noticed that his intern, an aspiring filmmaker from the People’s Republic of China, was walking to work. When he offered to arrange a swifter mode of transportation, she declined. When he asked … Read more
In a report published Thursday by PlainSite, an independent research shop led by Aaron Greenspan, analysts calculated that Facebook CEO Mark Zuckerberg has been regularly lying to investors and the public about the company’s user metrics, and that the company could be overestimating the number of users by as much as 50%. The team detailed … Read more