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by Chris Marcus via Arcadia Economics Last week the Department of Justice not only charged several JP Morgan traders with manipulating the market, but even invoked the RICO act, which is traditionally reserved … Read more
by Lance Roberts Factory new orders are down year-over-year and barely afloat excluding transportation. Inventories are a concern. The monthly report on Manufacturers’ Shipments, Inventories and Orders, shows strong signs of … Read more
by goldsilver Wall Street has become a culture dominated by traders. Their zeitgeist on any particular company/asset can set the direction of a trade for months or years. And, there’s only … Read more
by Tom McClellan The Treasury Bond blowoff which is currently underway is dragging along the high-grade corporate bonds due to the coattails effect. That is leading to really strong numbers for … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The government already owes over $22 trillion, and it’s adding over $1 trillion a year. Who is buying it, and why? (12 min). You can also listen to … Read more
By Nick Cunningham Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. The most recent … Read more
By Gary Shilling PhD, FS Recently, others are joining us in forecasting a recession, or at least entertaining a growing probability of one. Of those, few also believe it will … Read more
by: Ethan Huff (Natural News) As the price of Bitcoin continues to hover substantially below $4,000 per coin, after reaching earlier all-time highs of around $20,000 per coin, venture capitalists … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But deposit-taking banks have pulled back. Lovingly known as “shadow banks,” nonbanks have come to dominate the mortgage market. And they originate the riskiest mortgages. The … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Nvidia again cut its revenue guidance for the fourth quarter of its fiscal year 2019, which runs through January, this time by 18.5% from its previously … Read more
With 18.7m followers and a roster of fans that includes the Kardashians and Naomi Campbell, the Instagram page of beauty company Anastasia Beverly Hills offers crafty demonstrations of how to use its … Read more
Don't be delusional, the entire world is rolling over pic.twitter.com/llWGbGgcIW — Alastair Williamson (@StockBoardAsset) January 5, 2019 All is discounted? Look at global earnings estimates pic.twitter.com/7iFZ9Tiu9p — Daniel Lacalle (@dlacalle_IA) … Read more
via Bloomberg: What began guardedly, as traditional lenders retreated post-Lehman, has exploded into a financial-industrial complex rapidly approaching $1 trillion, with money streaming in from pension funds, insurers and hedge … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter For nine years, US stocks, foreign stocks, government bonds, corporate investment-grade bonds, junk bonds, leveraged loans, emerging market bonds, art, classic cars, residential real estate, commercial … Read more
via CNBC: For example, 27 percent of people in Florence, South Carolina, who bought their car with a so-called subprime score — defined as a VantageScore between 300 and … Read more
by Simon Black We have been talking about the pension crisis for years now. It’s without a doubt one of the biggest, financial disasters. These pools of capital, responsible for paying … Read more