Swiss group Movado to buy MVMT Watches for $100m

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Who knew a business based on low quality products from aliexpress could be worth so mcuh. Swiss watch manufacturer Movado Group has signed a definitive agreement to acquire MVMT Watches, the owner of global lifestyle brand MVMT, for an initial payment of approximately $100m. Of the total value of the transaction, around $85m net of … Read more

Massive Gap Between Stock Market & Real Estate Prices — The Last Time This Occurred It Was Dot Com Bust

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massive gap between stock market & real estate prices — the last time this occured it was Dot Com Bust pic.twitter.com/q9fpLQp6qa — Alastair (@StockBoardAsset) August 22, 2018 $TSLA debt structure is horrendous — Snap! Crackle! Pop! = Bankrupt pic.twitter.com/PRq8JZtQRS — Alastair (@StockBoardAsset) August 22, 2018 Global Slowdown: Commodities and China Momentum Indicator #OOTT pic.twitter.com/fz4JK4XSKc — … Read more

More and more hospitals close; No end in sight

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via chicagobusiness: The next year to 18 months should see an increase in shut downs, with the risks coming following years of mergers and acquisitions. (Bloomberg)—Industry M&A may be no savior as the pace of hospital closures, particularly in hard-to-reach rural areas, seems poised to accelerate. Hospitals have been closing at a rate of about 30 … Read more

Subprime Begins to Haunt Credit Card Balances

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Delinquencies soar past Financial-Crisis peak at the ca. 5,000 smaller US banks, and these are the Good Times. What’s going on? The delinquency rate on credit-card loan balances at commercial banks other than the largest 100 – so at the nearly 5,000 smaller banks in the US – rose to 6.2% … Read more

As The Wealthy Flock To The Major Cities On Both Coasts, Poverty And Suicide Soar In Rural Areas Share

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by Michael Snyder  America is increasingly becoming a divided nation.  Those with money are flocking to the major cities on both coasts, while many of those that don’t are fleeing to rural areas.  As a result, economic conditions can look vastly different depending on where you live.  In large cities on the east and west coasts … Read more

An excellent way to protect your US Dollar holdings

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by Simon Black Last week we saw how quickly a currency crisis can destroy someone’s savings. In just one week, the value of the Turkish Lira plummeted over 30% after the US imposed sanctions against Turkey. So anyone holding all of their savings in Turkish Lira got hammered. This was an unfortunate reminder of the importance of a … Read more

US Navy Releases Video Of Ship-Killer Missiles To Counter Russia And China

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by stockboardasset The United States Navy’s Naval Sea Systems Command (NAVSEA) released a video of the first live-fire test of the Raytheon Evolved Seasparrow Missile (ESSM) Block 2, intercepting a BQM-74 Chukar aerial target drone manufactured by Northrop. NAVSEA first mentioned the test on July 05, but the footage was just only released to the public last week. … Read more

“This Has Nothing To Do With Russia Collusion” Trump SLAMS Mueller After Manafort, Cohen Guilty Plea

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https://www.youtube.com/watch?v=7PadOYb6JTc President Trump commented on Paul Manfort Verdict and Paul Manafort Guilty Plea reporters asked about Michael Cohen Verdict And Michael Cohen Guilty Plea , President Donald Trump rally will happen soon and he will tell how he feels. This is latest news and breaking news in current events and politics and business original air … Read more

DOJ is asking the courts to make Facebook compromise its encryption, which could put us all in danger

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The DOJ is asking Facebook for a backdoor to its encrypted communication. We all need to stand in opposition to this, and tell the DOJ to back down. via actionnetwork:   The Department of Justice (DOJ) is trying to force Facebook to break its encryption so they can wiretap voice calls on Messenger. But Facebook has … Read more

One million Americans Default On Their Student Loans Each Year, Report Reveals

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by stockboardasset More than one million American student loan borrowers default on their debt each year, a new report says. That means by 2023, approximately 40 percent of borrowers are expected to default. That is according to a new report by the Urban Institute, a nonprofit research organization dedicated to developing evidence-based insights on critical socioeconomic issues. Researchers … Read more

Is A Gold Rush Coming?

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by Dana Lyons Gold speculators have gone net-short for the first time since near the beginning of the last bull market. If rallies are born on skepticism, we may be about to see a gold rush. At least, that is an inference some are drawing from recent figures from the CFTC on trader positioning in gold … Read more