How likely is an earthquake in the Midwest, South? The Big One could be coming The big earthquake, in the New Madrid (Missouri) Seismic Zone. But don’t start quaking in your running shoes and try to escape to Texas because it’s comparatively geologically stable. Here’s why: In 1971 I heard a very informed discussion of … Read more
CHANGE: Number of Streaming Shows Overtakes Basic Cable, Broadcast for First Time. Streaming services snatched their biggest piece of the TV pie ever in 2018. According to FX’s annual report on the number of scripted originals on TV, the number of streaming shows has surpassed the number of basic cable and broadcast shows for the first … Read more
YouTube/BenSwann, Released on 12/13/18 The Yellow Vest protests in France have only received a small amount of media coverage in the U.S. and there may be good reason for it. Is the fact that these protests began over a Carbon Fuel Tax and have spread to general dissatisfaction with big government caused mainstream media to … Read more
wow $4700 destroyed the Hillary campaign! https://www.youtube.com/watch?v=pq7RL-P7-QY&feature=share&fbclid=IwAR1BhHORxCNTGQIhC0ZE-_WfWRtLy1cesiWG6CpF0K9kHW5m2UgJE9IFz2A You can’t make this stuff up. “Does Google now know the full extent to which its online platforms were exploited by Russian actors in the election two years ago?” Rep. Jerry Nadler, a Democrat from New York and ranking member of the House Judiciary Committee, asked the search engine’s chief executive during Tuesday’s hearing. … Read more
by New_Life Tom Lee (who had originally predicted $25k by EOY) is tired of making BTC forecasts.. Funny that… https://www.cnbc.com/2018/12/13/wall-streets-bitcoin-bull-tom-lee-we-are-tired-of-people-asking-us-about-target-prices.html Even as recently as Oct he was saying $25k by EOY was on the table, sobering lesson that a so called expert taking peoples money can be so wrong. (He previously worked as the chief equity … Read more
by John Rubino I thought I’d seen all the “Peter Schiff Was Right” videos, but just stumbled onto this 2006 CNBC classic pitting Schiff against a new cast of (in retrospect) clueless antagonists, including a “chief economist” with some quaintly credulous ideas. This was the peak of the subprime mortgage mania, so the Bubblevision talking … Read more
by Michael Snyder https://youtu.be/sodyRRM4s3g Is it appropriate for a pastor to buy a $200,000 Lamborghini for his wife? When news came out that Greenville pastor John Gray had given his wife a Lamborghini sports utility vehicle for their eighth anniversary, there was an explosion of outrage. In response, Gray posted a video in which he unapologetically refused … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The price of rising interest rates. The FDIC just released the aggregated third-quarter performance metrics of the 5,477 banks and thrifts it insures. The amount of their combined assets ticked up to $17.7 trillion. These assets – mostly loans but also investments of all kinds – include $3.6 trillion in securities (not including … Read more
by David Haggith If we don’t beat the establishment before the next downturn, we’re going to see the same bailouts and money printing we’ve seen before but on a deliriously insane level. This is not me being a permabear. In fact, when the stock market didn’t plunge in the early summer as I predicted it would, … Read more
by Hubert Moolman of HubertMoolman.wordpress.com Previously, I have shown how we could be close to major financial crisis with the monetary system at the center. The following chart that shows the ratio of gold to the monetary base was used: The chart shows the ratio of the gold price to the St. Louis Adjusted Monetary Base back to … Read more
https://twitter.com/MehulD108/status/1073202307423236096 [RTRS] – U.S.-BASED LOAN PARTICIPATION FUNDS POST $2.5 BLN WITHDRAWALS OVER WEEKLY PERIOD; LARGEST WITHDRAWALS ON RECORDS DATING TO 2003 -LIPPER — Alastair (@StockBoardAsset) December 13, 2018 [RTRS] – U.S.-BASED CORPORATE INVESTMENT-GRADE BOND FUNDS POST $3.7 BLN WITHDRAWALS OVER WEEKLY PERIOD; LARGEST OUTFLOWS SINCE DECEMBER 2015 -LIPPER — Alastair (@StockBoardAsset) December 13, 2018 [RTRS] … Read more
via @EconguyRosie: In one of the most ridiculous comments I have heard all year long, a CNBC guest this morning actually told viewers that households are under invested in equities. It seems to me that the data would suggest the opposite and the wonderful thing about charts is that they don’t lie. 2008:
John Rubino interviewed on Reluctant Preppers “The closer we are to danger, the farther we are from harm.” ~ JRR Tolkien What are the real reasons we should suspect that our financial lives are not as we are being told? And who will be the winners and losers when it all comes falling down? John Rubino, the … Read more
via visualcapitalist: Innovation can be a major competitive advantage for any developed economy. However, achieving a sustainable rate of innovation isn’t necessarily a straightforward exercise. The reality is that innovation is a complex and difficult outcome to measure, and there are many different variables that factor into it at a national level. Research and development (R&D) … Read more
Consumers plan big holiday spending despite drop in economic optimism from CNBC. via CNBC: The percentage of Americans viewing the economy as excellent or good dropped 8 points to 50 percent, according to the latest CNBC All-America Economic survey. Those believing the economy will improve dropped 5 points to 31 percent, bringing it back down … Read more
via CNN: New York (CNN Business)America’s finance chiefs fear the economic expansion is nearly over. Almost half (48.6%) of US chief financial officers believe the United States will be in recession by the end of next year, according to the Duke University/CFO Global Business Outlook survey released on Wednesday. And 82% of CFOs surveyed by Duke believe … Read more
via dailyreckoning: The buck stops here, said Truman. But Trump says it stops with the next fellow in line. Let it be the next president’s toothache. Last year administration bean counters unfurled a worrisome chart before the president… It revealed an approaching “hockey stick”-pattern spike in the national debt — but only after a possible second … Read more
via themacrotourist: Think back to this past summer. The US dollar was rallying hard, having risen from 88 DXY in the spring to 97 as August drew to a close. At the same time, the American stock market was on fire, tacking on 400 S&P points in less than half a year. This was happening while … Read more
More financial technology startups are wading into a crowded, stodgy business: checking accounts. Last spring, personal finance app Acorns and lending startup SoFi announced new debit cards. “Neobank” Chime has been offering free online checking accounts since 2014, and it has 2.3 million users today. Now Robinhood is crashing the party, offering 3% interest on … Read more
The company values itself at $24 billion. Dell is projecting $87.5 billion revenue this fiscal year (up 9% from previous year). The company has $50 billion in debt. Dell was recently taken private in a $24.4 billion buyout in 2013. https://www.crn.com/slide-shows/data-center/dell-is-going-public-again-5-things-you-need-to-know/6 https://techcrunch.com/2018/12/11/dell-votes-to-buy-back-vmware-tracking-stock-and-will-likely-go-public/