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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Why is anyone still lending this government any money? Today the Argentina peso plunged another 5.5% against the US dollar. It now takes ARS 27.7 to buy $1. Over the past 16 years, the peso has gone through waves of collapses. This collapse began on April 20. The central bank of Argentina (BCRA) countered it … Read more
BY PATRICK WATSON The US economy is growing but corporate profits are not, according to data released last week. That’s disappointing for stockholders. On the other hand, we just saw a string of years when profits outpaced economic growth by a mile. So, the two figures can diverge for a long time… but not forever. In the long … Read more
The PE firm as global landlord. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Private equity firm Blackstone, the undisputed king of property funds, continues to bet big on global real estate. In the last week it raised $9.4 billion for Asian real estate. It was also given the green light to acquire Spain’s biggest real estate investment fund … Read more
by Thinker While trading desks are scrambling to goalseek the Fed’s clearly hawkish statement into a dovish speech by Powell, in order to keep the Koolaid flowing at least a bit longer and stem today’s bloodletting, one potential catalyst that could send the dollar even higher is a confirmation from the WSJ of what Politico … Read more
Subprime goes to the Toronto condo market. By Stephen Punwasi, Better Dwelling: A few weeks ago, a real estate agent told me about his client. Relatively wealthy older dude, closed on not one but two townhouses he plans on flipping. After some questions regarding who financed such a deal, he explains it was a private lender. … Read more
“I have initiated the destruction of the republic” Both said by FBI employees! Go to 42 minutes. AC
https://www.youtube.com/watch?v=EgXkWAAdNZE President Trump shocks reporters with unexpected press conference trashing James Comey and Barack Obama.
by dreamingofaustralia I used to work for AT&T but sold my shares at the beginning of this year. The dividend is great – but the stock has lost a decent amount in the past few years. Having sometimes worked with the current executives, I know they have some very talented people, but they also have HUGE … Read more
. High exposure to sovereign debt (between 10 and 20% of total assets) . Lingering non-performing Loans (c€1 trillion) . ROIC below WACC . Poor ROTE The Problems of Eurozone Banks Go Far Beyond ECB's Low Rates: . High exposure to sovereign debt (between 10 and 20% of total assets). Lingering non-performing Loans (c€1 trillion). … Read more
Here is the original. https://foia.state.gov/searchapp/DOCUMENTS/HRCEmail_SeptemberWeb/O-2015-08632-180/DOC_0C05781310/C05781310.pdf h/t shortadamlewis
So the DOJ is compromised, the FBI is compromised, the CIA is compromised, and basically the entire Government agencies are compromised. https://youtu.be/Y9wrVzsn7ew Radio host Mark Levin, host of “Life, Liberty and Levin” Sundays on Fox News Channel, said the inspector general’s report into DOJ and FBI actions in the Hillary Clinton email campaign shows election … Read more
IG report, pdf page 176, document page 147 In another exchange on February 4, 2016, Agent 1 and an FBI employee who was not assigned to the Midyear investigation discussed Agent 1’s interview with a witness who assisted the Clintons at their Chappaqua residence. Part of this exchange follows. FBI Employee: “boom…how did the [witness] … Read more
by visualcapitalist The Chart of the Week is a weekly Visual Capitalist feature on Fridays. During the longest bull market in modern history, the S&P 500 surged a whopping 418% over the 9.5 years between November 1990 and March 2000. This was during the famous economic expansion that took place during the Clinton era, in which job growth … Read more
https://www.youtube.com/watch?v=DJYUciWpg8Y Keep exposing the trash, CNN is the worst! AC
President Donald Trump said Friday that he is trying to stay uninvolved in the Justice Department but he may have to be involved if its bias against him worsens. Trump, targeting “vicious” text messages about the FBI attempting to stop him from being elected and insulting his supporters, said the inspector general’s new report on the Hillary … Read more
DEFORM THE COST OF #MONEY (#INTERESTRATES), DEFORM THE VALUE OF EVERYTHING https://twitter.com/OccupyWisdom/status/1007487736096411648 https://twitter.com/jtepper2/status/1007250459780886528 https://twitter.com/OccupyWisdom/status/1007503545514512384 Bitcoin $BTC support levels: ̶1̶9̶,̶0̶0̶0̶ ̶1̶8̶,̶0̶0̶0̶ ̶1̶7̶,̶0̶0̶0̶ ̶1̶6̶,̶0̶0̶0̶ ̶1̶5̶,̶0̶0̶0̶ ̶1̶4̶,̶0̶0̶0̶ ̶1̶3̶,̶0̶0̶0̶ ̶1̶2̶,̶0̶0̶0̶ ̶1̶1̶,̶0̶0̶0̶ ̶1̶0̶,̶0̶0̶0̶ ̶9̶,̶0̶0̶0̶ ̶8̶,̶0̶0̶0̶ ̶7̶,̶0̶0̶0̶6,0005,0004,0003,0002,0001,000666420690 — Ramp Capital (@RampCapitalLLC) June 13, 2018 Tesla Net Income: -$2.3 billionFord Net Income: +$7.8 billion Tesla Free Cash Flow: -$4.4 billionFord Free Cash … Read more
via ifre: Car finance companies have pushed into fresh territory this year by selling Single B rated debt backed by loans made to sub-prime borrowers. Selling Double B bonds was a bold trade not so long ago but as demand has grown for riskier assets, auto sellers are now able to sell further down the capital … Read more
Join Ron Paul and Chris Rossini as they discuss the lies of economy and wars by the U.S. government. Over the last 100+ years, the U.S. has waged endless wars that have all been wrapped in extravagant lies. The lies were not only to get into the wars, but during the wars as well. How … Read more
via fee.org: Join Antony Davies and James Harrigan as they talk about No money source in the world has enough money to cover the US government’s budget deficits. Now what? It’s a well-established fact that Social Security and Medicare are in serious trouble and have been for a while. The newest projections released last week … Read more
Authored Jared Dillian via MauldinEconomics.com, Seattle is being mismanaged. Readers from Seattle probably know what I am talking about. Conservatives (I suppose you could include me in that category) would say that Seattle’s city government will send them down the path of Detroit, but I think it’s a little more complicated than that. First of … Read more