via businessinsider: Steve Eisman, the hedge fund manager famous for betting against the US housing market ahead of the 2008 crash, is sounding the alarm on the spectacular rise of poorly rated debt among corporations. Eisman, a central figure in the book “The Big Short” and the subsequent film, told the Financial Times that the rising stock of … Read more
by SirTylerGalt I discovered the Crescat Capital investor letters, because their “Q3 2017” letter is featured in Meb Faber’s book “The Best Investment Writing Volume 2”. It’s interesting to read their latest letter. https://www.crescat.net/crescat-capital-quarterly-investor-letter-q4-2018/ Investment Outlook Summary September 20, 2018 should mark the closing high for the S&P 500 to end the second longest bull … Read more
https://twitter.com/OccupyWisdom/status/1082874705730785280 https://twitter.com/OccupyWisdom/status/1082876418588061698 https://twitter.com/OccupyWisdom/status/1082877080604499968 My most requested table is finally here. Here is every prior Bear Market in $SPX history (-20% drop from a unique All Time High) with dates/notes on the initial bounce after first entering Bear territory and then what it did next. The NOTES column is the most important. pic.twitter.com/W3Y1hom8tH — OddStats (@OddStats) … Read more
Interactive chart: https://www.walletwyse.com/analytics/global-etf-index This chart pulls same-day quotes for major ETFs indexed to specific foreign markets. For larger financial markets like China, Japan and Germany, the chart returns the average of the 2-3 largest dedicated ETFs. To calculate total return over time, any dividends are added to the gain/loss at the end of the period. This … Read more
via Marketwatch: “I think people are looking at the CBO (Congressional Budget Office) numbers. If people take the time to look at that you can see debt levels moving higher, you can see the interest burden in the U.S. government moving decidedly higher over the next decade,” James McCormack, Fitch’s global head of sovereign ratings … Read more
via @HayekAndKeynes: As a result, the number of cost-burdened renters (>30% of income on housing) has doubled since 1960, reaching almost 50% of all U.S. renters
Apple Inc is cutting planned production for its three new iPhone models by about 10 percent for the March quarter, the Nikkei Asian Review reported on Wednesday, a week after the company slashed its quarterly sales forecast. That rare step exposed weakening demand in China for Apple’s iPhones amid a slowing economy, which has also … Read more
global bear market rally continues b/c of trade war optimism pic.twitter.com/WSo1BWkKQT — Alastair (@StockBoardAsset) January 9, 2019 https://twitter.com/FerroTV/status/1082944302874087424 this is not good pic.twitter.com/4uLwo39oV1 — Alastair (@StockBoardAsset) January 9, 2019 global slowdown pic.twitter.com/eJgEl5kmTq — Alastair (@StockBoardAsset) January 9, 2019 this is probably not a good sign pic.twitter.com/9i77DGPLlE — Alastair (@StockBoardAsset) January 9, 2019 Germany’s Industry Shock … Read more
Developing… Melbourne: Suspicious packages were found on Wednesday at several diplomatic missions in Melbourne, including the Indian Consulate, prompting Australian authorities to launch a major emergency response. A major operation is underway after packages were delivered to at least 10 international consulates across Melbourne. https://www.cbsnews.com/news/consulates-australia-suspicious-packages-today-2019-01-09/ h/t AstroBuzz
Most of them probably voted for the people who implemented the new law. I don’t feel sorry for them. via dailycaller: New York City hiked its minimum wage for the third time in three years on Jan. 1 and small business owners are struggling to adapt to the steadily increasing labor costs. New York City’s minimum … Read more
via legalinsurrection: Another example of how a dishonest media manipulates political perceptions and narratives. Multiply it by a thousand times a year, year after year, and you understand the liberal privilege in this country. Did you hear the one about Republicans trying to shame Alexandria Ocasio-Cortez over her college dance video, and being angry about it? … Read more
by John W. Whitehead “For seven decades we have been yielding our most basic liberties to a secretive, unaccountable emergency state – a vast but increasingly misdirected complex of national security institutions, reflexes, and beliefs that so define our present world that we forget that there was ever a different America. … Life, liberty, and the … Read more
PRIVACY: LA Sues Weather Channel For Illegally Selling Private Data Of Mobile App Users. “For years, TWC has deceptively used its Weather Channel App to amass its users’ private, personal geolocation data — tracking minute details about its users’ locations throughout the day and night, all the while leading users to believe that their data will … Read more
From John Stossel at Reason: Ten states plus Washington, D.C., have legalized pot for adults. In several states, it’s been legal now for five years. How has it worked out? John Stossel visited legal weed stores in California and talked with people on the street. Almost unanimously, people said that legalization has worked well. “See … Read more
From BBC.com: They still don’t know where it came from. But when it hit, the Alaskan borough of Matanuska-Susitna was knocked for six. Malware rapidly spread across the borough’s computer networks, disrupting a bewildering array of services. Hundreds of employees found themselves locked out of their work stations. Staff at local libraries received urgent phone calls … Read more
via Twitter: It was either a hack or the fact check intern that did that is going to be fired. h/t GR
The ‘Internet of the Road’: CDOT to implement new technology along I-25. It’s called V2X, or Vehicle to Everything, and it’s essentially a new cellular network. Colorado Department of Transportation is calling it the “Internet of the Roads,” and it’ll let cars communicate with signs and traffic signals to help with safety and alerting … Read more
Watch the latest video at foxnews.com Deputy Attorney General Rod Rosenstein is expected to leave his role in the coming weeks, sources familiar with the matter told Fox News. Rosenstein wants to ensure a smooth transition for incoming Attorney General nominee Bill Barr and plans to transition out of the job in the coming weeks, the sources … Read more
21ST CENTURY CRIME: Almost $500,000 in Ethereum Classic coin stolen by forking its blockchain. The heist was the result of carrying out what’s known as a rollback attack, which allowed the attackers to reorganize the Ethereum Classic blockchain, Coinbase security engineer Mark Nesbitt said in a blog post. From there, the attackers were able to “double … Read more