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via Reddit: This is something I noticed right around the time I stopped working for Amazon a few years ago, and now that they’ve tumbled the tiniest bit I feel like sharing a fair warning for anybody paying attention. Amazon is an amazing company with incredible long term growth prospects. Due to antitrust issues, they … Read more
picks yet another bottom in Square with perfectly timed calls June 2016, exercised at $8 Jan 2017. Approx $45k cost basis worth $325k today. h/t @pierpont_morgan
via NYT: WASHINGTON — The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives. Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of … Read more
via Bloomberg: If you thought the slump in U.S. technology stocks was bad, take a look at Tencent Holdings Ltd. The Chinese Internet giant has tumbled 25 percent from its January peak, erasing about $143 billion of market value. That’s the biggest wipeout of shareholder wealth worldwide, as measured from the date of each stock’s 52-week … Read more
via zerohedge: Many investors have said ‘it’s different this time’ about Tech stocks over the last few years, and so far they’ve been right – despite numerous warning signs of Tech, growth, and momentum being crowded, these stocks have continued to go up and dips have meant to be bought. Looking over the last 5 years, selloffs … Read more
"Short-term US Treasury Yields enter the week at their highest levels in 10 years…," h/t @charliebilello pic.twitter.com/MpokXx4xzU — Alastair (@StockBoardAsset) July 30, 2018 "Eurozone slowdown starts to appear in business and consumer surveys," @dlacalle_IA pic.twitter.com/XmwhCil6e4 — Alastair (@StockBoardAsset) July 31, 2018 Mind The Red Ponzi: Industrial Production Growth Is Flatlining, Consumer Spending Gains Are Faltering https://t.co/KzWnYf5sct … Read more
h/t @michaellebowitz The market is all air. Not a fundamental in sight h/t @OccupyWisdom The #economic “expansion” feels like a #depression because a depression is sub trend #GDP growth for a sustained period of time. The expansion has been below trend for the vast majority of the time. #QE induced markets ignore this Chart via @charliebilello … Read more
by Michael Snyder Thanks to crashing tech stocks, Americans have lost hundreds of billions of dollars in paper wealth over the past three trading days. As you will see below, we have just witnessed “the biggest market cap loss in history”, and many analysts believe that this is only just the beginning. At this point, … Read more
by Michael Snyder If young adults are America’s future, then they better get their act together. Today, over 30 percent of 18 to 34-year-olds live with their parents or other family members. Meanwhile, marriage rates and fertility rates in the United States have both hit record lows in recent years. Instead of coddling these self-absorbed Millennial narcissists well into their adult … Read more
UK household debt is worse than anytime on record. The American intention to purchase a car or a house is declining. Pending homes sales dropped, this falls in line with existing home sales and new home sales, the real estate bubble is popping. Erdogan wants to join BRICS but Turkey was rejected. The BRICS have … Read more
The American people will be shocked when they see the redacted FISA memo on Carter Page. Facebook is being sued. TSA is tracking regular everyday American travelers. There is a new leader in Pakistan, change is in the air. Peace talks are moving forward in Afghanistan, the US is negotiating with the Taliban to bring … Read more
Doing some basic statistics. There are 260 missing persons reports issued in the last year that are still listed as open cases. Throwing out all the familial abductions and everyone over the age of 18 brings it down to 191. Of those, 41% are boys and 59% are girls. The average missing age is 15 … Read more
The lies the MSM spreads to us constantly is fully on display and this is hardly scratching the surface, but is a good sample back to get a taste of exactly what operation Mockingbird is all about h/t swervinsideways
by AMY S. What is a recession, after all? To take some ambiguity away from what a recession really is, let’s define it. A recession is most commonly defined as two consecutive quarters of declines in quarterly real GDP. The National Bureau of Economic Research offers a more detailed definition: “A recession is a significant decline … Read more
by Jon Rappoport —The 2016 law, hamstringing the DEA, still has not been repealed— The major pipeline for trafficking opioid drugs starts with pharmaceutical manufacturers, who are intentionally distributing opioids far beyond any legitimate need. 2 MILLION OPIOID ADDICTS IN THE US. 300,000 DEATHS SINCE THE YEAR 2000 IN THE US. A significant percentage of … Read more
From Simon Black at Sovereign Man: I have to chuckle a bit… The mainstream media is now picking up on the idea of a second passport; and even adopting the Sovereign Man ethos of having a “Plan B.” Bloomberg published a widely-distributed article with the headline: Where the Super-Rich Go to Buy Their Second Passport The … Read more
by WARREN MOSLER So the savings rate puzzle, where consumption was exceeding income, has now been reconciled with large upward revisions in personal income. And looks like the credit expansion that supplied the income and drove the spending was from non-residents. The next monthly consumption and income releases will bring it all up to date: Highlights … Read more
by stockboardasset via G, P & Capital This move in stocks looks complete. Sentiment is now excessively bullish right as the S&P 500 tests upper resistance from a sharp rally. The S&P 500 should roll over shortly. Particularly when you consider that the Fed’s QT program will hit $40 billion this month. Most of that drain will … Read more
by stockboardasset Last week, we struck gold with a monster FB July 27 172.50 Put at .02 to 2.19. I want to thank idiot analysts for writing idiot buy recommendations on an idiot company called idiot $FB that has enabled my fund to reap an idiotic amount of money in this idiot economy. pic.twitter.com/xtEsU9u5F5 — Alastair (@StockBoardAsset) July … Read more
Like not even close. Not even a clever twisting of words, just a blatant lie. They know most people only read the headline AC