A 10-year slump for equities?

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https://www.youtube.com/watch?v=eFujzlkgubs In the wake of Tuesday’s market carnage, with almost all of the major indices losing 3% of their value, Dan sees a rough slog ahead for almost all U.S. stocks. By any reasonable metric, stocks are a bad deal – but a few diamonds exist in the rough. Of course, there are not just … Read more

Lyft files to go public

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From CNBC:   Ride-hailing company Lyft on Thursday confidentially filed a statement with the U.S. Securities and Exchange Commission for an initial public offering, signalling it could be the first major tech IPO of 2019. Lyft and rival Uber have each teased 2019 public offerings. The companies have been adding offers and services practically in tandem in recent months … Read more

Snow to blanket the Deep South this weekend in major winter blizzard

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A significant winter storm will take shape beginning Friday over the Southern Plains and Texas, then spread this weekend through the Southeast and Mid-Atlantic. How far south freezing air will reach remains an open question, making it difficult to precisely forecast ice and snow accumulation. Winter storm watches are already in place Thursday for 6 … Read more

ANALYSIS: a foolproof way to heal the divide between wishful thinkers and radical realists

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by John Ward It is perfectly possible in 2018 (and in many ways, quite advantageous) for me to self-identify as a transsexual deep-fried coffee percolator. I mean, why not? Guy Verhofstadt calls himself a believer in democratic values, and I find it hard to imagine anything more surreal, hypocritical and mendacious than that. Theresa May says … Read more

UK Has Provided Guarantees Assange Won’t Be Extradited To Face Death Penalty & Is Free To Leave Embassy If He Chooses To

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“Britain has provided enough guarantees that Julian Assange will not be extradited to any country where he would face the death penalty if he leaves the Ecuadorian embassy in London, according to Ecuadorian President Lenin Moreno. Speaking during a radio interview on Thursday, Moreno said his administration has received written assurances that the UK will … Read more

Nonpayment, Account Closures: Consumer Credit Is Starting to Look Ugly

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Credit-card delinquencies, application rejections, and involuntary account closures are all on the upswing, according to a report from the Federal Reserve Bank of New York. The Fed says these developments are “potentially concerning” given the strength of the economy and comparatively low interest rates. The trends most likely indicate that credit-card companies issued debt too … Read more

Tax Everything: Illinois Unfunded Pension Liabilities Spiraling Out of Control

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via confoundedinterest: Chicago IL (should be ILL) is the poster child for an insane pension program (mostly to municipal workers and public school teachers). But not only in the city of Chicago, but the state of ILLinois as well. Consider that the unfunded liability in the state’s combined retirement systems has risen in 11 of the … Read more

The Everything Bubble Has Burst…The Crash Is Here

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by Graham Summers of Gains, Pains, & Capital Stocks will be opening down today… as in DOWN. As bad as it’s looking, things were actually much worse a few hours ago. The initial drop was so massive that the futures exchange intervened to stop the carnage. And things are only going to be getting worse from here. The #1 question … Read more

Another Dire Warning For Stocks? It was in 2000 & 2007

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by Kimble Charting Are stocks receiving another dire warning, similar to the message received in 2000 & 2007? Very possible! This chart looks at the yield on the 10-year yield, inverted. This chart now resembles bond prices. The inverted yield has remained above a key support line for the past 25-years. In 2000 & 2007 the inverted … Read more

Payroll growth slows… Credit-card delinquencies on rise… Trade gap widens to 10-year high

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Payroll growth slows in November as labor market tightens Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service sector added 163,000, led by professional and business services. Medium-size businesses were the biggest job creators. “This month’s report is free of significant weather effects … Read more