The largest single group of asylum seekers ever to cross into the U.S. tunneled beneath the border wall near San Luis, Arizona, on Monday, voluntarily turning themselves into Customs and Border Protection, according to the agency. Migrants can be seen marching toward …
via MarketWatch: PG&E’s bankruptcy would result in a default of $17 billion of its bonds If Pacific Gas & Electric Co. follows through with its bankruptcy announcement, the country’s largest utility would record the third largest default in the …
via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Today’s emerging markets are tomorrow’s powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London. The bank sees developing economies like Indonesia, Turkey, Brazil, and …
via arkansasonline: Crooked Creek Bee Co., the retail sales and processing side of Arkansas’ largest commercial beekeeper, closed this week, a casualty of dicamba, Richard Coy, one of its owners, said Friday. The herbicide has been damaging or killing vegetation essential …
via Reuters: There are “lots of indications” that some managers discussed “the reputational risks” of Deutsche Bank’s involvement in a share-trading scheme that is the subject of Germany’s biggest post-war fraud investigation, according to a conclusion in one of five internal …
via mishtalk: The majority of board members at Banca Carige, Italy’s 10th largest bank, resigned and the ECB took Over. The Telegraph reports ECB Steps in at Italian Bank as Country Teeters on Recession. The European Central Bank has announced the appointment …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Ugly long-term charts that Wall Street doesn’t want us to see. And now US stocks are infected too. How well does a buy-and-hold strategy work in the stock market over the long term – as measured …
via aei.org: From the June 2018 BP Statistical Review of Global Energy (67th edition) here are some details on C02 emissions in 2017: 1. Global CO2 emissions from energy in 2017 grew by 1.6% (and 426.4 million tons, see data here), rebounding from the …
Dan Schultz from PositivelyDanSchultz and David DuByne creator of the ADAPT 2030 channel on YouTube discuss societal changes as our Earth shifts to a cooler climate as the Eddy Grand Solar Minimum intensifies, a 400-year cycle in our Sun which …
Merry Christmas: Federal Debt Up $1.37 Trillion Since Last Dec. 25; $10,743 Per Household (CNSNews.com) – The federal government has added another $1,370,760,684,441.54 to the debt since last December 25, according to numbers published by the U.S. Treasury. On Dec. 25, 2017, …
via Bloomberg: Planned debt issuance falls for seventh straight year Government also preparing extra budget for current year Japan’s budget for the fiscal year starting in April 2019 will top 100 trillion yen ($890 billion) for the first time, …
U.S. stock funds set for record monthly withdrawals: Lipper NEW YORK (Reuters) – Investors fled U.S.-based stock funds in the latest week, setting those investments up for their biggest month of withdrawals on record, Lipper data showed on Thursday. …
via Yahoo: About 80 feet below Wall Street lies about 6,350 tons of gold, made up of about 508,000 bars, that are collectively worth hundreds of billions of dollars. According to ‘Key to the Gold Vault,’ a Federal Reserve Bank of New York (FRBNY) …
via TVUmK: Data was provided by the Center for Disease Control and Prevention, found here. I used the ggplot2 and gganimate R libraries for the visualization. The code is available on Github.
Consumers plan big holiday spending despite drop in economic optimism from CNBC. via CNBC: The percentage of Americans viewing the economy as excellent or good dropped 8 points to 50 percent, according to the latest CNBC All-America Economic survey. Those …
by Michael Snyder Large earthquakes aren’t supposed to happen in Tennessee. On Wednesday, the largest earthquake in 45 years hit eastern Tennessee, and it made headlines all over the nation. The magnitude 4.4 quake was so powerful that it was …
from Zero Hedge The world is about to get a whole lot dirtier. On Monday, global cleaning giant Denmark’s ISS A/S, which is also one of the world’s largest private employers, pulled a page right out of the Fifth Element when it announced …
via John Rubino: A few years ago the Swiss National Bank (SNB) – which traditionally held “monetary assets” like government bonds, cash and gold to back up the Swiss franc – decided to branch out into common stocks. This was a …
Inverted $VIX is now in the largest consistent divergence with $SPX in over 25 years pic.twitter.com/cYIEp3Uhtg — mcm-ct.com (@mcm_ct) December 5, 2018 https://twitter.com/hks55/status/1070450691225866244
via marketwatch: A year ago, I wrote about the worrying increase in leverage among America’s blue chips caused by share repurchases (“Hollowed-out blue chips are the next subprime”). Today I want to return to the subject, because the travails of General …
General Electric stock has fallen to single digits and its investment grade bonds trade like high-yield debt, as the market bets it will continue to deteriorate and could end up with a junk rating. GE was a negative factor in …
by AlexPitti When you combine +20% earnings growth with a flat market, the multiple compresses. The problem is earnings fall in slowdowns. If those potential negative catalysts end up coming true, stocks will falter because they trade on future estimates, …
by Jesse Colombo MarketWatch published a piece today called “Here is the ‘true state’ of Americans’ financial lives,” which stated that 42% of Americans have no retirement savings at all and that only 28% of Americans are considered “financially healthy”: The …
https://www.nationalgeographic.com/anima…mals-news/ Off the coast of Monterey, California, and some two miles below the surface of the Pacific Ocean, scientists piloting a remotely-operated submersible saw something no one has ever seen before. Octopuses. Hundreds of them. Huddled on a rocky outcrop …
via Rodions_axe: Data: https://collegescorecard.ed.gov/data/ Tools: Matplotlib (python)
From Business Insider: Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. When Aurora’s shares start trading on Tuesday morning, the company will join a select list of cannabis producers that are …
Authored by Tuomas Malinen via GnSEconomics.com, Market liquidity is crucial for well-functioning capital markets. There has been a quite lot of talk about diminished market liquidity and the role of machines in it (see, e.g. Q-review 4/2017, this and this). These are worrying developments. …
via Bloomberg: While Wall Street and U.S. President Donald Trump tout news of a booming stock market and low unemployment, college students may be quick to roll their eyes. The improved economy has yet to mean higher wages for graduates already struggling …
by Michael Snyder If you don’t believe in “coincidences”, what are we supposed to make of this? On Wednesday, the 3rd most powerful hurricane to ever hit the United States made landfall in the Florida panhandle. Entire communities were absolutely shredded …
https://www.youtube.com/watch?v=b6jVWfSXtAM Canada, Plumes of smoke and explosions have been seen coming from Canada’s largest oil refinery as the owners of the Irving Oil site confirm that a ‘major incident’ is underway at their energy plant in New Brunswick. http://marygreeley.com/?p=76298