Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter This is a very cyclical business. In December, orders for new Class-8 trucks — the heavy trucks that haul the products of the goods-based economy across the US — plunged by 43% from a year ago, to just 21,000 orders, the lowest since August 2017, and down by 60% from August … Read more
by nealosis I was reviewing all the defaults and charged-off loans in my Lending Club portfolio earlier today and it just makes my blood boil. For Example consider this borrower, who stole $40K and faces zero consequences https://imgur.com/a/a02FQ9f Seems like you can create a massive bump in your income by taking out huge … Read more
I can't believe anyone trusts the ratings agencies at all. pic.twitter.com/DwhNXVXBxX — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) January 5, 2019 The one chart government does not want you to see pic.twitter.com/MtAKt19iXA — Alastair (@StockBoardAsset) January 5, 2019 Average rating of US investment-grade debt market has deteriorated sharply in recent years, with triple B rated … Read more
Re: first day of stock U.S. Stock trading of 2019 "Earnings season is coming, the buyback window is closing. I look for much more volatility going forward." Danielle DiMartino Booth on Fox Business — https://t.co/AxJIFgnvhx — Danielle DiMartino Booth (@DiMartinoBooth) January 4, 2019 It looks as if the rally in the S&P 500 could only continue … Read more
https://twitter.com/LordPolemos/status/1081278777001369600 https://twitter.com/OccupyWisdom/status/1081594614442799104 if you are a bull – this is probably the hardest chart to look at pic.twitter.com/cPxPBe1C0I — Alastair (@StockBoardAsset) January 5, 2019 Once $VIX & CDX NA IG find meaningful unfair lows – that should mark the top of the bear market rally in the stock maket pic.twitter.com/mCHVUDUKSu — Alastair (@StockBoardAsset) January 5, … Read more
by DaDaDaonald FitBit | FIT | 5 year return -82.19% GE | GE | 5 year return -66.26% Overstock | OSTK | 5 year return -54.10% Twitter | TWTR | 5 year return -51.30% Sprint | S | 5 year return -43.40% Dillard’s | DDS | 5 year return -32.74% Baidu | BIDU | … Read more
Authored by Steve Stretsky via VanCityCondoGuide.com, The correction in the Vancouver condo market is now fully underway after prices peaked at the beginning of 2018. This should really not come as a surprise given how weak the detached housing market has been for nearly 2 years, and considering the tightness in the mortgage lending space. … Read more
by Geoffrey Grider China has developed and tested a new aerial bomb, dubbed the country’s answer to the ‘Mother of All Bombs’ built by the United States. Military experts said the Chinese bomb could eliminate fortified ground targets The Chinese military is growing at an astonishing rate of speed, and that, matched with the increased military buildup … Read more
by Martin Armstrong President Donald Trump on Friday said he has considered using emergency powers to build a wall along the U.S.-Mexico border. The press has been saying that he could declare a national emergency to redirect money from the Defense Department or other sources to fund the wall. However, Obama used funding that was granted by … Read more
today president trump press conference lasted an hour or so and he talked about trump government shutdown and his meetings with nancy pelosi and chuck schumer he also talked about trump border wall and trump wall and the wall we need on our southern border and what he would be willing to do to get … Read more
by sundance Earlier this week DHS Secretary Kirstjen Nielsen was planning to deliver a border security briefing to leaders of congress. After announcing they did not want to gain national security information that was adverse to their political interests, Democrat Speaker Nancy Pelosi, Majority House Democrat Leader Steny Hoyer, Democrat Senate Minority Leader Chuck Schumer and … Read more
by axolotl_peyotl This is a very thought-provoking article that hits at the heart of the corruption in American politics today, a corruption that is explicitly bipartisan. The only way America can be saved, not just through newfound isolationism or trade wars, is through restoration of traditional checks and balances that long ago melted away as the … Read more
via arstechnica: Apple has suffered another blow in its global patent battle with Qualcomm as it was forced to pull older iPhones from its shelves in Germany. Currently the German Apple store offers the iPhone XS and XR but not the iPhone 7 or iPhone 8. Qualcomm says Apple was forced to pull its older smartphones due to a December … Read more
‘Gun-toting hippies’ greet Boulder ‘assault weapons’ ban with mass noncompliance. Boulder’s newly enacted “assault weapons” ban is meeting with stiff resistance from its “gun-toting hippies,” staunch liberals who also happen to be devoted firearms owners. Only 342 “assault weapons,” or semiautomatic rifles, were certified by Boulder police before the Dec. 31 deadline, meaning there could … Read more
via rfa.org: Chinese fishermen are damaging the livelihoods of South Americans through large-scale illegal fishing. The fishermen have been visible in the Pacific Ocean for several years, and there’s nothing illegal about their fishing in international waters. But according to Evan Ellis, an American expert on such matters, many of the fishermen have now begun … Read more
Logic is the foundation of a coherent worldview. Inability to spot logical fallacies allows you to be subjected to propaganda and disinformation. Learn to spot them. h/t TheCIASellsDrugs
Protesting on the weekends, the French people have been voicing their oppostion. The protests started in December. https://youtu.be/3dZcE9Nst7c Here’s another livestream that’s running right now. – https://www.youtube.com/watch?v=G0WFOJAFulA Feel free to add any other livestreams you find. h/t xleb1
House Speaker Nancy Pelosi said she would donate one dollar to help build the border wall during a recent press conference, — so Brian Kolfage, a triple-amputee Veteran and founder of the border wall GoFundMe decided to head down to the U.S. Capitol to collect. When it comes to raising money every dollar counts. … Read more
In a letter to congressional leaders, Trump said the first of about 80 military personnel arrived in Gabon on Wednesday in case they are needed to protect U.S. citizens and diplomatic facilities in Congo’s capital Kinshasa. He said they “will remain in the region until the security situation in the Democratic Republic of the Congo … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But average transaction prices rise to record highs. In terms of new-vehicle sales in the US, 2018 was the third relentless down-year in a row for three of the four biggest automakers, GM, Ford, and Toyota. For them peak sales occurred in 2015. GM delivered 2,954,037 vehicles in 2018, down 1.6% … Read more