Chicago named “rat capital” of the country

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by DCG Seems to be a lot of rats in Chiraq… Another city run by progressives that is turning into a sh*thole. From Fox News: New York is apparently no longer the big cheese. The Second City has been dubbed the “rat capital” of Americaaccording to apartment search service RentHop, which said Chicago had the highest amount of … Read more

U.s. Banks And 2 & 10-Year Yields

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via Slope of Hope During the past year, or so, U.S. 2-Year Treasury Yields have shot up sharply, in comparison with 10-Year Yields, as shown on the following weekly price comparison chart and percentage comparison chart. The next (longer-term) percentage comparison chart shows the weakness that ensued in the SPX when the 2-YT crossed below the 10-YT. The following (short-term) percentage comparison chart shows that the 10-YT gained more this past week than … Read more

This Is What The Market Looks Like Without FANGS

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via Elena Popina and Lu Wang Rarely does a day go by in the U.S. stock market without someone decrying its addiction to gains in the FANG bloc of tech megacaps. Now, in the middle of earnings season, their support has gone missing, and the result has been something less than a catastrophe. Not that it was a banner week. The … Read more

China – A Dangerous Combination

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#ChinaSlowing Updated with data for June 2018. – China Money Supply M1 YoY 18M lag (orange) – China 10 Year Govt Bond Yield (light blue/green) – $CNYUSD #CNYUSD (blue) – LME Copper Grade A USD per Metric Tonne (pink) Hello Monday! China reports its first current account deficit in the last 25 years… China 🇨🇳 … Read more

This Is The Clearest Example Of A Bubble

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Think about this… The Bank of Japan makes a tiny, minuscule, ridiculous alteration to its monetary laughing gas policy, and sends bonds and markets rolling Daniel, this is a repeat of an old story. I commented on it on Feb 2. And Japan made the same pledge even earlier. I offered this sarcastic comment "The … Read more

Does Robinhood as a Company Meet the Hype?

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by marketn00b I’ve noticed that there’s a great deal of hype around Robinhood as a company due to their hyper growth and disruptive product. What I’m curious about is whether or not the hype around the company is fully justified. Some of my worries include: Experienced investors seem to argue that RH isn’t an ideal … Read more

Not the best start to the week $TSLA $NFLX

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per WSJ $TSLA pic.twitter.com/FvlLd92RdD — Alastair (@StockBoardAsset) July 23, 2018 So it is just about solvency then. Got it. $TSLA pic.twitter.com/bL5Q77Yzmq — TC (@TESLAcharts) July 23, 2018 $TSLA -6% C O L L A P S E pic.twitter.com/lJkIc66y7G — Alastair (@StockBoardAsset) July 23, 2018   h/t @StockBoardAsset

‘Mini-Credit Crunch’ And China Slowdown To Hit Australia’s Budget

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State and federal government revenue from commodities and stamp duty is surging, Deloitte says, but trouble is looming via Paul Karp Australian governments are experiencing a surge in revenue that will be undermined by a slowdown in China and a “mini-credit crunch” as banks tighten lending standards, Deloitte Access Economics has said. In its June quarter … Read more

First Corporate Bankruptcy in China & How the Central Bank is Addressing the Problem

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by Martin Armstrong The the first debt bankruptcy of a major corporation in China has now taken place here on schedule in 2018. This first bankruptcy of a major corporation was due to over-indebtedness which occurred in the current year. The South China Morning Post reported that coal company Wintime Energy has been forced to cease operations after … Read more

Hillary Clinton Admits She Met Secretly With Putin in 2014

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by Thinker https://youtu.be/9Zy1lqErajM Former Secretary of State Hillary Clinton bashed President Trump over his meeting with Russian President Vladimir Putin last week, but failed to mention she also bonded with Putin in 2012 over Siberian tigers. In her memoir “Hard Choices,” Clinton explained her meeting with Putin in Moscow, where she asked him what he’s … Read more