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From Bill Harby at the BBC: As of today, I’m an official citizen of two nations. One is the US, which has 325 million citizens and an area of almost 10 million sq km. The other is Asgardia, which has some 246,000 citizens, but physically exists for now only in the form of a 6lb (2.7kg) … Read more
Days after the purge of Alex Jones from social media, Big Tech seems to have found another suitable target for apparent censorship. Facebook suspended the page of a prominent leftist news site writing about Venezuela. Venezuelanalysis.com, a left-leaning news site that writes from a pro-Bolivarian revolution stance, has been around since 2003. Critics, including the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Two often-cited suspects are axed. So where’s the “secured” funding supposed to come from? The whole scheme kicked off when Tesla CEO Elon Musk tweeted during trading hours that he was “considering” taking Tesla private, “Funding secured,” which caused the already ludicrously overvalued shares to spike. Later he added, “Investor support is confirmed.” But … Read more
https://www.youtube.com/watch?v=0-JvbSTNTyE Stuff like this reminds me why I love capitalism. JW
via marketwatch: Redfin stock dives after top exec says sudden downfall is expected to continue in August and September The housing market hit a sudden and “significant” slowdown in the past few weeks that could continue in coming months, Redfin Corp.’s chief executive said Thursday afternoon. The real-estate brokerage and website company announced second-quarter earnings Thursday afternoon … Read more
via fs All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Emerging market risks accelerated with an inversion in the corporate yield curve along with the unwind in quantitative easing, which projected emerging market … Read more
via Steve Miller he Turkish Lira dropped 18% in relation to the US dollar on Friday morning, as tensions rose between the Turkish and American governments. Turkish President Erdogan gave a defiant speech at a rally, encouraging his people to sell dollar-denominated foreign exchange reserves. In response, President Trump declared, “I have just authorized a doubling … Read more
https://www.youtube.com/watch?v=9T4Ihl-SaaU Paul Bios for the Daily Wire reports, It appears that Democrats suffered a loss in Ohio on Tuesday night, with GOP candidate Troy Balderson edging out a victory over his opponent Danny O’Connor in the state’s 12th congressional district. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/34225/…
by visualcapitalist Throughout most of America, owning a $1 million home gives you definite bragging rights – it means you may have six bedrooms, 5,000 square feet, an infinity pool, and at least a few acres of property. But along the coasts – and particularly in California – the two comma club has lost most of … Read more
by stockboardasset Bump and run Bearish volume pattern Flag Rising wedge and volume
https://twitter.com/OccupyWisdom/status/1028095293299073024 Is Turkey in 2018 similar to Thailand in 1997? Thailand’s external debt was $109 bn (65% of GDP), triggered by a currency crisis and sudden loss of investor confidence. This hit the entire EM complex and found its way to the US. Turkey’s external debt is $450 bn, or 56% of GDP — David … Read more
Global Debt Topped $247 Trillion in the First Quarter, IIF Says Global debt rose to a record $247 trillion in the first quarter, more than $29 trillion higher than the end of 2016, according to an analysis by the Institute of International Finance. The debt-to-GDP ratio rose for the first time since the third quarter … Read more
by JayFig_The_Trader 3 days ago I asked readers here if they thought Volatility would rise within the next week. A lot of traders are confused about the difference between the VIX Index and VIX futures. There are no ETF’S on the VIX Index itself. The only way you can trade the VIX Index is through … Read more
by WindyAndShady Throwaway acount for privacy. Location: Oregon. Husband is retired for about 10 yrs now with government pension (PERS), I was a SAHM and don’t work now and don’t plan to. Only child is out of the house now, 21 yrs old independent and studying but still on our health insurance. My husband always … Read more
by mr_buttworthy_69 I plotted the 20-trading day volatility for 10 year treasury yield the past half year. https://imgur.com/a/uWSxqxa I adjusted the daily vols to monthly with vol * sqrt(20) https://imgur.com/a/HJBdmMc When I look at TYVIX history: https://imgur.com/a/6yWmyle Noting that the duration on the 10 year treasury is 8.6… Which implies a yield vol of … Read more
via aswathdamodaran: After my last two posts in Tesla, I was planning to take a break from the company, since I had said everything that I had to say about the company. In short, I argued that Tesla, notwithstanding its growth potential, was over valued and that to deliver on this potential, it would need to raise significant … Read more
by gorillaz0e Graph of this issue: https://i.redd.it/obq74nqes9f11.png Currently Erdoğan wants to create a war of economy. He wants to create threats that he can use as scapegoats. A diplomatic crisis here and there would increase support for him. The rhetoric he is going for can be summarized as “Westerners are trying to sabotage our economy, but … Read more
Per Axios: Tesla shareholders have proposed filing a class-action lawsuit against the company and CEO Elon Musk accusing him of securities fraud, reports Reuters. The big picture: Shareholders are say Musk’s tweet claiming he would take Tesla private was an attempt to manipulate Tesla’s stock price and ruin plans for short-sellers. The details: The lawsuit was filed by Keller Lenkner, LLC. on … Read more
by stockboardasset Estonia’s defense minister has halted a NATO war exercise in Estonia pending an investigation after a fighter jet deployed in northeast Europe accidentally fired a secret missile during training. Authorities are now searching for the rocket, which was shot over the Baltic country’s airspace by a Spanish fighter jet this week near the Russian … Read more
https://www.youtube.com/watch?v=UWiIR1WvHJI Devin Nunes has said these same things in interviews several times. It’s no secret.