by confoundedinterest17 The Thrill Is Gone … from cryptocurrencies. The cryptocurrency market is getting hammered thanks mostly to two things: 1) Sam Bankman-Fried’s horrid failure with FTX (fraud, Enron, front-running, stupid investors, Democrat-Ukraine connection) and 2) Fed tightening to combat high inflation. …
h/t SilverBoatSurfer
Good morning! Shall we speak of good news from Asia? China lop-sided growth (mostly supply & not much demand) finally more balanced! Sadly, we're at a lower equilibrium with supply and demand downward: July retail sales disappointedIP slowedInvestment rather bad!!! …
"Rather than putting the debt on a stable and then downward path, the President’s budget would blow past the prior record and increase debt levels to 117% of GDP by 2031. The national debt is on an unsustainable path and …
via businesswire: CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today issued the following public letter to investors: To Apple investors: Today we are revising our guidance for Apple’s fiscal 2019 first quarter, which ended on December 29. We now expect the following: Revenue of …
by Charles Hugh-Smith Capital garners the gains, and labor’s share continues eroding. That’s the story of the 21st century. The middle class, virtually by definition, is not prepared for downward mobility. A systemic, semi-permanent decline in the standard of living isn’t …
professionals continue getting blown out pic.twitter.com/7h1mJnzADm — Alastair (@StockBoardAsset) September 11, 2018 ugly global equity futs pic.twitter.com/OTZfnTDHBd — Alastair (@StockBoardAsset) September 11, 2018 https://twitter.com/FerroTV/status/1039457978171240448 the financial elite are dumping stocks pic.twitter.com/MFByZ2ACcO — Alastair (@StockBoardAsset) September 11, 2018 Global Stocks declining …
by Dana Lyons September of the 2nd year of the Presidential Cycle is historically the weakest month of the 4-year cycle. Since working off its early year correction, the U.S. stock market has been on one of those inexorable runs that …
by stockboardasset Last Friday’s report on US economic growth drove President Donald Trump to Twitter for yet, another victory lap after it showed gross domestic product grew at a 4.1 percent annual rate — the quickest in nearly four years. However, …
There’s another theory floating around as to why Facebook cares so much about the way it’s impacting the world, and it’s one that I happen to agree with. When Zuckerberg looks into his big-data crystal ball, he can see a …