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by Simon Black We poke a lot of fun at the MANY absurdities we see in this current bubble. As we’ve discussed countless times over the past few years, there are consequences from the fact that central bankers have conjured trillions of dollars out of thin air and pushed down interest rates to zero. Stock, bonds … Read more
Three articles in Globe and Mail over past two weeks about executives at two biggest Canadian Banks (BMO and CIBC) selling. Latest article today: Bank of Montreal (BMO-T)On Sept. 4, chief human resources officer Richard Rudderham exercised his options and sold the corresponding number of shares received (total of 24,359) at a price per share … Read more
A FEW EXCERPTS: Chevy Chase rips ‘Saturday Night Live’ as ‘The worst f–king humor in the world’ “First of all, between you and me and a lamppost, jeez, I don’t want to put down Lorne or the cast, but I’ll just say, maybe off the record, I’m amazed that Lorne has gone so low. I … Read more
via Twitter: Grassley is pretty savage here. Excerpt: h/t GR
Investors are now earning the smallest earnings yield on the S&P 500 relative to 2-year Treasury yields since 2007. pic.twitter.com/DHhOqOBq2G — Lisa Abramowicz (@lisaabramowicz1) September 20, 2018 So, companies are more leveraged than ever. According to Bloomberg, “The average debt-to-capital ratio of nonfinancial companies in the S&P 500 Index had surged to 49 percent by … Read more
via QuantalyticsResearch: US Stocks Global stocks are drifting higher this morning, on rumors that China is set to cut the tariff rates it charges on imports from the majority of its trading partners US stocks index futures are edging higher, pointing to a neutral open in NY with the Dow Jones minis +0.17% S&P500 minis +0.09% … Read more
Published on Sep 20, 2018 Project Veritas has released the next in a series of undercover reports which unmask the Deep State. This report features a Government Accountability Office (GAO) employee and self-proclaimed Communist actively engaged in potentially illegal political activity. Natarajan Subramanian is a government auditor for the GAO and a member of the … Read more
via channelnewsasia: MUMBAI: A cockpit mix-up left more than 30 passengers on an Indian plane bleeding from their ears and noses on Thursday (Sep 20) after the crew forgot to flick a switch regulating cabin air pressure. The Jet Airways flight to Jaipur had to turn back as the alarming symptoms became apparent, the airline said, with … Read more
Alibaba’s Jack Ma backs down from promise to Trump to bring 1 million jobs to the US Jack Ma, founder of Chinese retail giant Alibaba, has recanted his promise to Donald Trump to create 1 million U.S. jobs. Ma’s statements come on the heels of a new round of tariffs from both the U.S. and … Read more
by Jen_Bat Puerto Rico has its own Department of the Treasury, aka Hacienda. This is the agency that develops the tax returns (like the IRS does in the US), according to local and federal laws. Every person with employment income etc. derived from sources in Puerto Rico must pay income tax to Hacienda. Yes, there are incentives … Read more
European Commissioner for Competition Margrethe Vestager said Tuesday that the European Commission will finally close its legal investigation into Apple’s failure to pay back taxes to Ireland after the company paid €14 billion. Today Irish Minister of Finance @Paschald confirmed the full recovery of €14 bn of illegal aid to Apple (unpaid taxes). Good. So … Read more
I’m just gonna watch this one from the bleachers, have fun kids. Because of its skyrocketing share price, its $10.2 billion market cap is 263 times greater than its annualized second-quarter revenue. Also, 93% of Tilray’s voting power is held by Privateer Holdings, the venture fund that created Tilray, and a lockup period that prohibits insiders … Read more
Apple Inc. (NASDAQ:AAPL) just cannot seem to get out of the news lately. With all the speculation and buzz coming out of its iPhone wing, the other wings might tend to get a little less of the limelight. The category in question is the smart speaker. Apple began selling its smart speaker, the HomePod, early this year. … Read more
Forex trading is widely perceived to be a high-risk activity. A leading market analysis website looked at 43 million trades and concluded that more than 50% of trades closed on a profit. That’s very encouraging, but the truth is, most traders end up in the red at the end of the day. In other words, … Read more
$TLRY is the perfect example of why there is no sustainable growth in America — money is used to speculate on non-sense and not used for productive means. — Alastair (@StockBoardAsset) September 19, 2018 When people get lucky and think it’s skill. That’s when you know prices are too high. I just saw this come up on … Read more
by Egon von Greyerz Will this be the Fall of Falls. 10 years after the Lehman collapse, will we again have an Autumn of Shocks in financial markets? The odds are very high! Overstretched stock markets look extremely vulnerable including 13 recent Hindenburg Omens for the US market. The Dollar could soon be on its final leg … Read more
A note from Alastair Williamson pic.twitter.com/ftyda2EpDv — Alastair (@StockBoardAsset) September 19, 2018 Today's UST10Y high was 3.092; the tough question has been who is dumping US debt?…Beijing? pic.twitter.com/GheaXaG2qf — Alastair (@StockBoardAsset) September 19, 2018 US 10-Year (3.08%) and 30-Year (3.23%) yields at their highest levels since May. pic.twitter.com/KdaMUQoObB — Charlie Bilello (@charliebilello) September 19, 2018 … Read more
Pot is the new #crypto: Tilray, a Canadian cannabis comp w/ just $20 million in revenue last year, now worth almost $20bn after the stock tops $200 as #Canada gets set for legalization. https://t.co/XxdbWNVcfb pic.twitter.com/C68xsHd5pt — Holger Zschaepitz (@Schuldensuehner) September 19, 2018 The stupidity of this is overwhelming
As the 2018 midterms draw closer, Congressional Democrats discuss the possibility of black voters going Republican. KOS
