via pjmedia: Nancy Pelosi’s weekly press briefings are becoming the stuff of legend. That is, legendary bonkers. Pelosi has given her opinion on the tax cut (“crumbs”), jobs growth (“means little”), and now offers her thoughts on the separation of children …
by Adam Taggart I didn’t have room in the above article for this chart, but it’s one that has stuck with me since I saw it when first published in 2015. Very few professionals left on Wall Street have any meaningful …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The trend is becoming clear. Blame surging home prices that have outrun wage increases for years, mortgage rates that have risen to the highest level since 2011, the massive affordability issues that come with those factors, …
Blackstone Group, Cerberus Capital and others face a little problem. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Demand for rental housing in Spain may have hit a wall, so to speak, while supply remains more or less unchanged, according to a …
by Jim Quinn Interesting charts. In 2007, prior to the Wall Street created worldwide financial collapse, the Fed Funds rate was 5.25% and credit card interest rates were 15%. The Fed then provided free money to their Wall Street bank …
by William Stickevers While Warren Buffett touts that he likened Bitcoin to “rat poison ” this week, the owner of the New York Stock Exchange (NYSE) is planning on letting customers buy and hold Bitcoin, The New York Times reported late Monday, …
The SEC still hasn’t stopped manipulative high speed traders from ripping off investors, even though the abuses have been self-evident for years to anyone paying attention. A series of events have brought the subject of high frequency trading abuses once …
If an ordinary person committed any of the abuses listed in the Consumer Financial Protection Bureau’s latest complaint against Wells Fargo, other ordinary people might call it “theft,” or “car theft.” Alas, Wells Fargo is only considered an ordinary person …
By David Stockman During an appearance on Fox Business this AM, we were reminded once again why capitalist prosperity in America is so dangerously imperiled and why the great bubbles in the stock and bond markets are living on borrowed …
by John Rubino Back in the 1500s, a financial agent of Queen Elizabeth I named Thomas Gresham observed that that “bad money drives out good.” That is, if two kinds of money are circulating at the same legal value, people …
by John Rubino Times have been hard for Wall Street banks lately, what with record amounts of cash pouring in and causing all kinds of bookkeeping headaches. So — big-hearted people that we are — Americans stepped up and helped …
John also runs the popular Dollar Collapse website. Jason asks John why the US Dollar hasn’t collapsed despite tens of trillions in central bank liquidity making the money bubble a lot larger since the 2008 financial crisis? Jason and John …
by John Rubino Back in the 1990s, critics of the dot-com bubble used to point out that the global economy depended on the US stock market and the US stock market depended on, like, ten Internet stocks with negative aggregate …
By David Stockman The single most important price in all of capitalism is the interest rate—-and at all points on the maturity curve. And the single most important truth about honest interest rates is that they must be discovered by markets, not imposed by the state. …
by Bill Bonner GUALFIN, ARGENTINA – Friday evening after the bell rang on the New York Stock Exchange, traders and analysts, sell side and buy side, 2018 quants and deep value dinosaurs, million-dollar-a-year partners as well as the order takers and …
By Adam O’Dell It’s been difficult for me to believe that bitcoin (!) – the wackiest of financial products – could ever infect traditional capital markets. “It’s so fringe. It has to be a fad,” I’ve thought. But now, I’m beginning to change my mind. Harry’s …
https://www.youtube.com/watch?v=FkGR04r0bXs The wall street journal recently made a video, about the YouTube recommendations, and the dangers of extreme or misleading content. Another true classic, from the 1984 machine
Via GoldTelegraph.com, The stock market suffered one of its most drastic falls on February 5, 2018. The price of gold rose but as equities started rebounding after the selloff, gold trended lower. Gold has enacted a portfolio hedge when markets rapidly …
Link to slides and supporting sources: https://www.itmtrading.com/blog/hidde… When derivative bets on mortgages failed in 2007 and 2008, we all learned who was “Too Big to Fail” as Banks were bailed out on the backs of the taxpaying public. We’re told …
NOTE: Need to get the word out that the non-gun owners are clueless of what the buzzwords mean that politicians are using to control us!! These gentlemen are definitely “Pro Gun” by showing the public’s ignorance to the issue. Buzzwords like …
https://www.bloomberg.com/news/videos/2018-02-07/a-crash-course-on-the-rise-and-fall-of-the-hottest-trade-video Before whirlwind, banks turned volatility into the hot item VIX was seen as sure thing — until it suddenly wasn’t anymore https://www.bloomberg.com/news/articles/2018-02-06/volatility-inc-inside-wall-street-s-8-billion-vix-time-bomb?utm_medium=email&utm_source=newsletter&utm_term=180207&utm_campaign=ritholtz L O L $VIX pic.twitter.com/QQXjX3bd1i — Alastair (@StockBoardAsset) February 7, 2018 h/t @Schuldensuehner
by Trivirus A few days ago I incinerated one of Wall Street’s favorite myths: “buy and hold.” The reasons are obvious: stock market crashes can be severe and the recovery time-consuming (Dow took 25 years to recover its former peak value …
Josh Sigurdson talks with author and economic analyst John Sneisen about another story out of Davos as Larry Fink of BlackRock tells the media that people need to start investing in stocks… Even though they’ve reached highs… As Fink said, …
https://www.wsj.com/articles/the-steele-dossier-fits-the-kremlin-playbook-1517175564 Um, Democrats, Clinton cronies, and communists DO NOT get to get away with this by claiming “muh Russians did it”. This was an Obama/Jarrett/Clinton operation that began as way to cover-up crimes and progressed into an ongoing coup attempt. …
via Pedro Nicolaci da Costa There’s a new battle line in financial markets that’s dividing economic bulls from bears: the Treasury yield curve. In particular, the gap between short- and long-term bond yields, which tends get wider as economic prospects improve …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter I’m just kidding, but others are not, and people are falling for it. I’m just kidding, I didn’t rename my WOLF STREET media mogul empire “Wolf Blockchain,” and since I’m the only stockholder, what surge the …
Ironically a wall needs to be built to keep wall street away from polluting the world. h/t WJ
$HYG Triangle of Death pic.twitter.com/yrHMIMBFms — Alastair (@StockBoardAsset) November 16, 2017 China home sales vs. 3yr yield $acwi pic.twitter.com/RhCrpmnmGs — Teddy Vallee (@TeddyVallee) November 16, 2017 Fear of glut grips commodities. Bloomberg Commodity Index has lost all 2017 gains. pic.twitter.com/20GYOAoMS0 …
by Chris Black To put things into perspective, President Trump called on Thursday for the Manhattan Islamic terrorist to be put to death; obviously, we’re referring to the Uzbek national who killed 8 innocent people and maimed 12 (one of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter I don’t remember ever having seen crazier times of more pandemic proportions. “It is the biggest scam ever, such a huge gigantic scam that’s going to blow up in so many people’s faces. It’s far worse …