Cover image courtesy of @miss_nguyen_ on Twitter By Bob Shanahan Whoever controls the media controls the narrative. Whoever controls the narrative controls the world. Media propaganda has reached a level we have not seen in our nation’s history …
It’s the stock buybacks. Companies are expected to buy back 10% of their market cap this year. They are borrowing money to do it. Likely be a huge credit crisis and crash in the future from it, but enjoy the …
via Bloomberg: Traditional metrics like P/E and P/B are effectively broken Outdated accounting standards create ‘distortions’ in equities And it’s not just talk. Practitioners now regularly adjust models to give greater heft to things that were previously thought too abstract …
The bubble popping in 2000 (it was not 2001) was a lot like an avalanche. It wasn’t clear exactly which snowflake was the one that put it over the tipping point, but once confidence was lost, it went very quickly. …
Video was published in 2007 poking fun at the tech industry, the high valuation, and the IPOs. Turns out it was another industry that had a much larger bubble. h/t COMPUTER1313
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This time, it’s different, say the strategists. So we’ll take a look. In the bewildering wilderness of the most hyped Wall Street acronyms, we’re going to stick to FANGMAN – Facebook, Amazon, Netflix, Google’s parent Alphabet, …
https://twitter.com/HenrikZeberg/status/1002555553388822528 Corporate debt to GDP is at its high point, all the while the underlying credit rating has continuously deteriorated. Another side affect of easy money. pic.twitter.com/f7vBGkVdiA — Michael Lebowitz, CFA (@michaellebowitz) May 31, 2018 dshort.com does some of the …
via Business Insider: The Everything Bubble has made the inflation of the second housing bubble, now well further into its mania stage than the subprime bubble got, go largely unnoticed. As ZIRP, QE, and the resultant wild risk-asset inflation has …
Josh Sigurdson talks with author and economic analyst John Sneisen about the growing pension bubble and why it may burst sooner than later. In the most recent news, state pensions are at risk of crashing. According to a recent study …
https://twitter.com/OccupyWisdom/status/1002341183128002561 Not an ounce of me hates it. But there will be a lot of people that go completely broke as a result h/t OccupyWisdom
“Mum & dad are lending money to their kids so their kids can afford to pay the prices demanded by mum & dad & their friends. It’s like a giant Ponzi scheme but where the victims are your children.” By Don …
by John Rubino The early stages of a housing bubble are fun for pretty much everyone. Homeowners see their equity start to rise and feel smart for having bought, home seekers have to pay up, but not too much, and …
by Rufu55hinra Can somebody provide a thoughtful response as to why it’s impossible for there to be an ETF bubble? I’ve tried to understand the nitty gritty of how ETFs actually operate (e.g., authorized participants etc.) and am curious whether …
via GLP: Once, we dominated the world, in all areas. We arose as the bastion of freedom, and the leaders of innovation and progress on all fronts after the Old World was reduced to ash and rubble by the second …
by John Rubino David McAlvany: We’re entering a secular bear market. Martin Armstrong: Interest rates are going to jump. Peter Schiff: The calm before the storm. Trace Mayer: Bitcoin is consolidating before the next leg up.
https://twitter.com/OccupyWisdom/status/999665430351482881 Delinquency rates on store-branded credit cards have reached a seven-year high, according to credit bureau Equifax, possibly signaling broader troubles for household debt down the road. https://t.co/L4dWkVGF5C — Jesse Felder (@jessefelder) May 24, 2018 https://twitter.com/OccupyWisdom/status/999665966006095872 Delinquency rates on store-branded …
https://twitter.com/OccupyWisdom/status/999333548623613953 The Massive Success Of The #ECB Quantitative Easing: ECB balance sheet vs Eurozone Economic Surprise Index#EscapeFromTheCentralBankTrap pic.twitter.com/PEuHTi03mi — Daniel Lacalle (@dlacalle_IA) May 24, 2018 Chart of the Day: From Central Bank Puts To BTFD Selfies In The Casino The …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The impact on homebuyers and the market, in dollars and cents. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment jumped to 4.86% for the week …
via marketwatch: ‘Expect to see more dead unicorns.’ No, not the “My Little Pony” kind of unicorn. Keith Wright, a professor at the Villanova School of Business, is referring to unicorns as defined by venture capitalist Aileen Lee back in 2013: …
via Business Insider: As the wealth gap in the US continues to increase, millennials are getting left in the dust. As the Everything Bubble has formed, inflating the prices of both housing and education, the youngest adult generation of Americans …
from C. P. Chandrasekhar and Jayati Ghosh Even while optimistic assessments of growth trends in the global economy proliferate, concerns that the unwinding of inflated asset price markets could abort the recovery are being expressed. Interestingly, there appears to be a substantial degree …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Plenty of homes for sale, at ludicrous prices for what you get. But asking prices are now getting “reduced.” Zillow sends me a daily email with 18 “recommendations” about what kind of home to buy in …
via GainsPainCapital It’s a good thing that the BLS ignores things like the recent rise in real estate and gas prices when it generates its official inflation numbers… Why? Because if the BLS didn’t do this we might actually see …
John Embry // Conditions remind me of 2008 and the Dot Com Bubble except it’s more distorted now https://www.youtube.com/watch?v=Qia04PLUzQI The U.S. Dollar has rallied for the last few weeks. The metals have remained stable despite the Dollar rally. “If …
BY SRSROCCO Most Americans don’t know, but the housing market is heading toward another epic bubble. However, the bubble forming today is much different than the subprime housing meltdown in 2007. Back in 2007, there was an oversupply of homes, whereas …
https://twitter.com/OccupyWisdom/status/994733646065127424 https://twitter.com/OccupyWisdom/status/994640695565651968
By Harry Dent I recently emailed you about how this latest real estate bubble looks just like the last one. It’s surged about the same, this time peaking a little higher, and has run for about as long. But what’s driving this …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Market freezes up at the top. Average price of detached house plunges C$175,000 in 12 months. Home sales in the Greater Toronto Area (GTA), Canada’s largest housing market, and among the most inflated in the world, …
“We’re just seeing history repeat itself,” Mannarino says. “The markets run in cycles.” “The last time we were in this same spot was 2008 just at the top of that bubble. The time prior to that was at the dot …
by John Coumarianos In early March, we reprinted an article I wrote for Citywire on bubbles. That article focused on an academic paper called “Bubbles for Fama” by Robin Greenwood, Andrei Shleifer, and Yang You on spotting bubbles that tried to provide …