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https://www.youtube.com/watch?v=c2Le7spCPcg We have a bona fide Wall Street legend on the podcast today – Marty Fridson, referred to as the “Dean of High Yield” because of his unique knowledge of toxic loans to unworthy companies and their inevitable consequences as a Sword of Damocles on the broader markets. Marty knows where the bodies are buried … Read more
Trump slams the MSM that they report fake news, this is in preparation for the declassification of reports and pushing the truth out there. North Korea is fake news. Trump is now playing with the MSM, drills, no drills. Russia delivers intel to the US about the false flag that is coming in Syria. Q … Read more
by bannercoin Apple is a roll as of late. After hitting $1 trillion in market cap in early August, here we are in late August and it’s nearly already added another $100 billion. In the last 30 days, Apple has added nearly as much or more to it’s market cap than some very big name … Read more
Moody’s downgraded Ford to one notch above junk bond status Wednesday. The company’s debt rating could be cut even further, to non-investment grade, by the middle of next year if it doesn’t make “clear progress” on its turnaround plan. Ford is investing an estimated $11 billion in a turnaround plan over the next several years. … Read more
It would be a “very poor idea” for Apple Inc. to invest in Tesla Inc., Berkshire Hathaway Inc. Chief Executive and legendary investor Warren Buffett told Fox Business on Thursday. “I’d support whatever Tim Cook does, but I think it’d be a very poor idea to get in the auto business.” – Warren Buffet Selling … Read more
Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don’t shape up, I would withdraw from the WTO,” Mr Trump said. Trump says the US is treated unfairly by the body. Meanwhile, Washington has recently been blocking the … Read more
“China’s solar subsidy cuts erode the impact of Trump tariffs” – http://www.reuters.com/article/us-usa-solar/chinas-solar-subsidy-cuts-erode-the-impact-of-trump-tariffs-idUSKCN1LF18K A move by China to slash subsidies for domestic solar installations has unleashed a flood of low-cost Chinese-made panels onto the global market – pushing down prices and eroding the impact of U.S. President Donald Trump’s tariff on solar equipment imports, according to industry … Read more
This is merely a temporary halt as they fiddle around to make their theft legal. Farmers should utilize this time to plan for violent confrontation: https://tinyurl.com/yb9tb4ya
by Zap_Powerz Western civilization is dying before our eyes. Our political processes are sclerotic, dysfunctional, corrupt and unable to address the problems we face as a society. It does not matter what political religion you belong to, it is a fact that our system is corrupt and broken, and your party shares a measure of … Read more
by HauntingArmadillo5 EDIT: Alrighty, I’m wrong about depreciation. Depreciation is still a thing, still affects your personal income taxes, but I’m heading right back to google to correct my own information. Guys, I wrote this whole thing off the top of my head based on what I have personally learned, and I sincerely apologize, I don’t … Read more
by resubleu Invested by Danielle Town Talks about the journey of a daughter and her adventures towards learning how to value invest. This goes over concepts, how-to’s, and the emotions involved with it. In my opinion, this is probably the best intro book for those looking to pick up after Warren Buffett or Charlie Munger. The … Read more
by dvdmovie1 16 years of mediocrity (and that’s being generous) from Immelt. GE was the worst stock in the Dow during his time there (https://www.marketwatch.com/story/ges-stock-is-the-worst-dow-performer-since-immelt-took-charge-2017-06-12) and now it’s no longer in the Dow. I think there was not appreciation of the view that I’ve had on GE that bad/mediocre management, left for long enough, starts to … Read more
https://www.youtube.com/watch?v=eZ83JPIdZqA&t=307s&pbjreload=10 “The company claims its cars have similar performances as Tesla’s, but at half the sticker price. The ES8 sells at a base price of 448,000 yuan (about US$66,000), while Tesla’s Model X has a base price of about 920,000 yuan in China.” – https://www.scmp.com/business/companies/article/2161816/chinese-ev-maker-nio-steps-accelerator-seek-us132-billion-us-ipo
Article: https://www.marketwatch.com/story/the-road-to-fresh-stock-market-highs-is-littered-with-these-awful-correction-calls-2018-08-28
Bruce Ohr, the one time high ranking Department of Justice (DOJ) official, testified behind closed doors this week on Capitol Hill. In hours of sworn testimony Ohr, said that the Trump Dossier was basically a fraud that should not have been used in a court of law. That didn’t stop the FBI and DOJ from … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Rents plunge in Chicago, Honolulu, New York, Washington DC, and others, but surge in many markets. Across the US in August, the median asking rent for 1-bedroom apartments rose 2.2% from a year ago, to $1,209. For two-bedroom apartments, it rose 3.2% to $1,447. But national numbers average away the often-double-digit drama, up and … Read more
by Charles Hugh-Smith The only possible output of this system is extortion as a way of life. As the accompanying chart shows, productivity in the U.S. has been declining since the early 2000s. This trend mystifies economists, as the tremendous investments in software, robotics, networks and mobile computing would be expected to boost productivity, as these … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Peso collapses despite the $50-billion IMF bailout and the central bank’s 45% interest rate. Just when you think Argentina’s financial crisis can’t get worse, it gets a whole lot worse. In order to halt the peso from collapsing further, the IMF, after some serious begging from the government, had agreed to … Read more
The original group of PayPal founders and employees who have gone on to become one of the most successful groups of individuals in the world. The portfolio of companies they’ve founded includes; Tesla, Youtube, Space X, Linkedin, Yelp, and Founders Fund, to name a few. “PayPal Mafia” is a term used to indicate a … Read more
by Michael Snyder After a little bit of a lull, the international currency crisis is back with a vengeance. Currencies are collapsing in Argentina, Brazil, India, Turkey and other emerging markets, and central banks are springing into action. It is being hoped that the financial chaos can be confined to emerging markets so that it … Read more