Seems Impossible, but Argentina’s Peso Was Able to Collapse even Further Despite $50 Billion IMF Bailout

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

Retirement Is Dead in This Economy

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

Blackstone Becomes Biggest Hotel & Property Owner in Spain

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

AT&T Dividend yield now up to 6.2% given recent drop in share price. Good to pick up for long term dividend portfolio?

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

Mark Levin on Hannity — Drops Rhetorical ordnance on Comey and Hillary

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

Under reported: FBI Agent acknowledges that Hillary’s IT Guy “lied his a*s off.” Did we ever see ANY charges? Nope. Scandalous.

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

Visualizing the Longest Bull Markets of the Modern Era

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