Nasdaq, “Tech,” & IPOs are in for Gut-Wrencher

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Nasdaq down 24% already. Renaissance IPO ETF down 31%. But Uber and other unicorns are planning record IPOs in 2019, à la dotcom-crash-debut in 2000. The IPO hype machine has produced some very successful companies and a lot of spectacular wealth transfers from the hapless public to early investors selling their … Read more

With $175B in Debt, VW Head of Compliance Warns 2019 Will Be “Most Difficult Year Ever”

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via Yahoo:   (Bloomberg Opinion) — Joerg Boche is arguably the most important person in Europe’s corporate debt market right now (with apologies to Mario Draghi). As the group head of treasury at Volkswagen AG, his decisions on the company’s funding are critical not just to the German autos giant but to European corporate credit … Read more

PPT In Da House But…Too Little, Too Late

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by Chris Well, it turns out that the futures pop in the overnight “”markets”” could not be sustained and the indexes are selling off in today’s half-day, holiday market. Steve Munchin [sic] yelled “Fire!” in a crowded theater and then tried to pretend it didn’t mean anything.  Just testing, ya know? Meanwhile, various popping rivet … Read more

Yep. No Santa Rally, Just Coal (While Gold Shines)

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by Chris Be sure to give the receipts with your gifts.  May be a lot of turning them in for cash. Looks like Munchkin’s ill-conceived efforts to spread calm on Xmas eve backfired. Who knew? Who could have predicted that answering a question about bank liquidity sufficiency that nobody was asking (except for those of … Read more

The Worst Christmas Eve For The Stock Market EVER – The Dow Has Now Fallen More Than 5000 Points From The Peak

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by Michael Snyder This is definitely not the gift that investors wanted for Christmas.  On Monday, the Dow Jones Industrial Average plunged 653 points as panic swept through Wall Street like wildfire.  That represented a 2.9 percent daily decline, and that made it the worst Christmas Eve for the Dow ever recorded.  Incredibly, the previous record … Read more

David Rothschild Has Twitter Meltdown Over Trump’s Attacks on the Fed: “I need to brush up on anti-Fed conspiracy theory”

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David Rothschild Has Twitter Meltdown Over Trump’s Attacks on the Fed David Rothschild Verified account @DavMicRot > Replying to @DavMicRot Apparently I need to brush up on anti-Fed conspiracy theory, but gold-standard would be terrible for standard-of-living for working Americans: just add more uncertainty in market and take away American’s ability to use monetary policy … Read more

Reporter At The Chicago Tribune FINALLY Realizes That Gun Control Is Not The Solution

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Awr Hawkins for Breitbart reports, Chicago Tribune editorial board member Steve Chapman observes that gun control is not the solution to American firearm deaths because no amount of gun control will stop suicide, which is the driving force behind such deaths. https://www.youtube.com/watch?v=OLk7Z4-okno Read More/Source/Credit/FairUse: https://www.breitbart.com/politics/20…  

Trump’s SECRET WEAPON On Full Display Before Globalists When He Hits Davos Again This Year!

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Art of The Deal In Action! Carmin Chappell for CNBC reports, President Donald Trump will attend the World Economic Forum’s annual meeting in Davos, Switzerland, in January, the White House announced on Tuesday. https://www.youtube.com/watch?v=pi1I27E3sok Read More/Source/Credit/FairUse: https://www.cnbc.com/2018/12/18/white…      

FITTON: BIG truths on Flynn and FBI misconduct. Worse than you thought….

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by TFittonJW My appearance last night with Judge Jeanine: James Comey making headlines again this week, defending the FBI’s interview of Michael Flynn. Judicial Watch President @TomFitton joined me to discuss that and more: pic.twitter.com/6m8jTyOVzt — Jeanine Pirro (@JudgeJeanine) December 23, 2018 Major piece on the corrupt FBI by my colleague Chris Farrell: https://dailycaller.com/2018/12/20/fbi-counterintelligence-trump

Fund Manager: The Financial System Is Becoming Increasingly Unstable

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by Dave Kranzler of Investment Research Dynamics Bloomberg posted an article this morning describing the Collateralized Loan Obligation market as “Wall Street’s Billionaire Machine.”  But I seem to recall that the CLO market was one of the financial nuclear bombs that blew up and triggered the financial system de facto collapse in 2008.  Well, it’s back – with a vengeance.  … Read more

75% of Those With Student Loans Are Paying Interest Only (or Not at All)

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via CNBC: Currently, fewer than a quarter of student loan borrowers are repaying their principal, or what they originally took out, according to recent remarks made by Education Secretary Betsy DeVos at a conference on financial aid. That’s because their monthly payments are just going to the interest accumulating on their debt, or they’re not … Read more

Chinese state bank chief warns against buying property now ‘because there’s no money to be made’

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The chairman of a leading Chinese state bank on Sunday warned Chinese investors not to buy property now because “there’s no money to be made” due to high prices and alarming vacancy rates. Tian Guoli, the chairman of China Construction Bank, which provides mortgage loans to millions of Chinese households, said that the room for … Read more

Clearly a forced liquidation going on, SP500 now within 1% of entering stock market crash mode

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Clearly a forced liquidation going on and appears likely that someone like @GoldmanSachs is doing to buying — mcm-ct.com (@mcm_ct) December 24, 2018 SP500 now within 1% of entering stock market #crash mode — Keith McCullough (@KeithMcCullough) December 24, 2018 If you blame #Powell for this, you are only looking for an easy -and wrong- … Read more