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by Simon Black If your retirement plans consist entirely of that pension you’ve been promised, it’s time to start looking elsewhere. As you probably know, pensions are giant pools of capital responsible for paying out retirement benefits to workers. And right now many pension funds around the world simply don’t have enough assets to cover … Read more
by DCG From SF Chronicle: The state Department of Motor Vehicles incorrectly registered 23,000 people to vote, including putting the wrong political party and vote-by-mail preferences for those Californians, the embattled agency said. The DMV, which has been criticized for excessive wait times in its offices despite millions in new funding, said Wednesday that the erroneous voter registration data … Read more
Florence has re-intensified into a hurricane, and is expected to rapidly intensify into a very dangerous Category 4 hurricane by Tuesday as it heads towards the Southeast U.S. Coast. Florence is likely to make landfall on Thursday evening or Friday morning on the Southeast U.S. East Coast, or remain just offshore. The odds have increased … Read more
by badpauly This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. In fact, since most … Read more
by badpauly These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed … Read more
https://www.youtube.com/watch?v=Xcelqwu94b8 Amanda Prestigiacomo for the Daily Wire reports, Fired up from the bombshell New York Times editorial written by an anonymous source claiming to be a senior member of the Trump administration and part of the “resistance,” President Donald Trump declared to a packed room at the White House that “nobody is going to come … Read more
by John Rubino This is the last emerging market crisis story for a while, promise. But one angle – exactly how a plunging currency in a far-off place affects supposedly stable markets like the US – is worth exploring because it’s happening right this minute. Let’s start with the choices facing an American or European … Read more
https://twitter.com/OccupyWisdom/status/1038772764306563075 Markets are just losing the "easy money" froth…. Fed balance sheet shrinks $260bn, market corrects $1.6 trillion. Sounds about right. https://t.co/uSgE3WJwYb — Daniel Lacalle Official Account (@dlacalle_IA) September 9, 2018 "Mission Accomplished" -10 yrs later the bubble today makes the prior two look pedestrian. FYI…we didn't double the nat'l debt under the prior two … Read more
via Iforgotmyhandle: Background I’m a software engineer that has been learning about Spark lately and leveraging data to figure out new information. As a pet project, I want to build a tool that can identify red flags in the economy and try to predict when the next downturn is. This is my first attempt of trying … Read more
U.S. Discretionary Spending from Will Geary on Vimeo. Made with Processing: https://processing.org/ Data from the Office of Management and Budget: https://www.whitehouse.gov/omb/historical-tables/ (Table 8.8) h/t transitmapper
via Bloomberg: In Hong Kong, a city of property superlatives, add this one: World capital of flipping office floors. Logistics heir Johnny Cheung Shun-yee made roughly HK$900 million ($115 million) in about nine months by buying and selling two floors of the city’s most expensive office building, based on estimates in local media reports. Dubbed … Read more
NYTimes article HONG KONG — Alibaba’s co-founder and executive chairman, Jack Ma, said he planned to step down from the Chinese e-commerce giant on Monday to pursue philanthropy in education, a changing of the guard for the $420 billion internet company. A former English teacher, Mr. Ma started Alibaba in 1999 and built it into … Read more
by VisheshRai Bought solar city to bail out musk and his cousin Brother sits on board 14% first pass rate at factory Long list of senior executives leaving in past two years. “Funding Secured” but Saudis invested in competitor No chief of accounting at the firm throughout this year’s filings Suppliers not getting paid, some … Read more
by raddingy AWS is tailored for companies to move off of existing “legacy” datacenter operations into the cloud. They also have companies by the balls and, honestly, ethically I dislike them (though I haven’t really used anything else besides AWS). Developing in it is super nice. Microsoft is built around, well, traditional Microsoft technologies. They really … Read more
via dipsplode: The Perks of Being a Wallflower FSO So, FedFIRE? Well, if you’re a federal employee, there are a couple of ways to retire early, and plenty of routes to financial independence, but I happen to be in the unusual (in a good way) position of being able to retire as early as 50 under the Foreign … Read more
https://www.economist.com/china/2018/09/08/african-swine-flu-is-causing-alarm-in-china-and-beyond From the article: This time the pig fever is stoking fears of inflation. The cost of pork has an inordinate effect on the consumer-price index. With a fifth of the world’s population, China consumes half its pork. The government has set up a strategic pork reserve to keep the price stable. The blue-ear pig-disease … Read more
via openzambia: The publication Africa Confidential has revealed that secret talks are underway for a Chinese company to takeover ZESCO. This is yet another instance of Zambia handing over sovereignty to the Chinese, putting us in a dubious position should we default on loans, leaving the Chinese to seize government assets. In a report titled … Read more
I’m trying to find news or other media concerning a bubble prior to the 08 housing crash. For example If jib jab knew it was coming 2 years prior there had to be other sources. http://www.econ.yale.edu/~shiller/pubs/p1089.pdf I remember subprime started deteriorating in late 2006, people were following this mortgage implode website around that time. https://ftalphaville.ft.com/2007/03/08/3036/subprime-carnage-and-the-mortgage-lender-implode-o-meter/ … Read more
h/t @StockBoardAsset https://www.zerohedge.com/news/2018-09-08/cautionary-sign-insider-selling-soars-10-billion-amid-record-buybacks COT Report: $VIX Volatility Index Signaling Caution via @hedgopia The chart and data that follow highlight non-commercial commodity futures trading positions as of September 4, 2018. This data was released with the September 7, 2018 COT Report (Commitment of Traders). The chart below looks at non-commercial futures trading positions for VIX Volatility Index futures. For … Read more
Authored by Richard Galustian via TheDuran.com, “Why does John Brennan need a security clearance other than to commercially exploit it? “ Let’s get something clear from the start. In 1976, in his 20s, John Brennan was a card-carrying communist who supported the then Soviet Union, at the height some might say of the Cold War, so … Read more