Trump’s USPS Task Force looms over AMZN tomorrow

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by iowaaah The USPS has requested to renegotiate one of its key arrangements with Stamps.comhttps://www.cnbc.com/2018/08/09/stampscom-plunges-after-disclosing-that-its-deal-with-usps-could-chan.html A similar arrangement between the USPS and AMZN, if renegotiated, could result in between $1B and $1.8B in incremental shipping costs for AMZN, with USPS fees accounting for 40-50% of shipping cost in the US, a 20% increase would result in … Read more

Musk Mystery: no funding.

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https://www.bloomberg.com/news/articles/2018-08-08/tesla-take-private-skepticism-grows-after-musk-s-funding-claim Doubts about Elon Musk’s ability to take Tesla Inc. private mounted across Wall Street on Thursday, driving the stock down as much as 4 percent in what’s shaping up to be the worst rout in a month. The stock slipped to $356.66 in late morning trading, well below the $420 at which Musk said shareholders would … Read more

2018 Crypto Returns…

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Lots of crushed dreams and bank accounts. Sad story for many. 2018 Crypto Returns… pic.twitter.com/ac6dMu4fRJ — Charlie Bilello (@charliebilello) August 9, 2018 Chart: Many cryptocurrencies are at the lows for the year – pic.twitter.com/P0g00NvCI1 — (((The Daily Shot))) (@SoberLook) August 9, 2018

Housing Is Extremely Overpriced And It’s Now Just Starting Its 2nd Major Collapse

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via @OccupyWisdom : 🏠 US #mortgage applications decreased to lowest in 2.5 years 🏠 US mortgage applications for refinancing are at lowest in 17.5 years 🏠 Share of refinancing smallest share since August 2008 🏠 US resales -.06% housing starts -12.3% new homes -5.3% #housingbubble 2.0   Deader Than Dead: as Mortgage Rates Rise, Refinancings Hit 18-Year … Read more

Fmr Education Secretary Admits US Students are Failing Because Education System ‘Runs on Lies’

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via thefreethoughtproject: Typically, when Americans hear someone say that the education system in the United States “runs on lies,” they would expect the statement to come from a disgruntled parent or student—but now it is coming from the former Secretary of Education, as he admits that the U.S. lies to families on a daily basis by … Read more

US Senate Intelligence Committee Calls Julian Assange to Testify Over Russian Hacking

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via thefreethoughtproject: Washington, D.C. — (RT) The US Senate Intelligence Committee has requested that persecuted WikiLeaks editor Julian Assange testify before committee staff. The committee is investigating alleged Russian interference in the 2016 election. In a letter delivered to Assange at his residence in the Ecuadorian embassy in London, committee chairman Richard Burr (R-North Carolina) requested that Assange … Read more

How many economists does it take to identify 3 massive bubbles shown on a chart that goes back to the 1800’s published on the cover page of the WSJ?

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via @MI_Investments: How many economists does it take to identify 3 massive bubbles shown on a chart that goes back to the 1800’s published on the cover page of the WSJ? Are we in a bubble today? What caused the last two recessions? Asset price inflation or CPI? The Fed wrong then as now: Speculative Futures … Read more

Cyclical Heavy-Truck Industry Soars to Cloud 9

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “It’s a bizarre occurrence and it will not be resolved soon.” Orders for Class 8 trucks in July jumped 187% from a year ago to 52,250 units, the highest number of monthly orders ever. These are the heavy trucks that haul a significant part of the goods-based economy across the US. … Read more

Health: Depression linked to reduced arginine levels

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https://www.youtube.com/watch?v=asPLOcRSJM0 People suffering from major depressive disorder, MDD, have reduced arginine levels, a new study from the University of Eastern Finland shows. Arginine is an amino acid which the body uses to produce, e.g., nitric oxide. Nitric oxide, in turn, is a nervous system and immune defense mediator, and it also plays a role in … Read more