The weekend is here! Pour yourself a mug of Dunkin coffee, grab a seat by the lake, and get ready for our longer form weekend reads: • Is Amazon getting too big? (Washington Post) • How a...
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As Matthew Desmond, author of "Evicted: Poverty and Profit in the American City," wrote in May, it's actually one of the main entitlement programs in the United States. "But by any fair standard," Desmond wrote in the New York Times, "the holy...
Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in the Federal District Court in Brooklyn.
Mr. Shkreli was convicted of...
Roger Waters, who has been critical of Barack Obama and Hillary Clinton, criticizes Donald Trump via band’s tour playing albums Animals and The Wall. The Pink Floyd co-founder sits down with CNN’s...
Manhattan's streets are awash with empty storefronts after retail asking rents climbed to untenable levels and tenants started to push back. But the sheer number of vacancies on the Upper East Side is alarming: The Real Deal counted 82 empty...
Succinct Summations for the week ending August 4th, 2017 Positives: 1. Euro zone unemployment fell to 9.1% in June, its lowest level since February 2009 2. Non-farm payrolls came in at 209k, well...
Click for the interactive chart. Source: FiveThirtyEight
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``The productivity decline witnessed ever since is unprecedented. Despite the short lived boom of the 1990s US productivity growth only average 1.2 per cent from 1975 up to today. If we isolate the last 15 years US productivity growth is on par...
The International Monetary Fund's top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to...
`` As part of their study, Boston College reviewed 170 public pension plans in the U.S. and found that their average 2016 return was an abysmal 0.6% compared to an average assumed return of 7.6%.''
The benchmark Toronto property price, which tracks a typical home over time, dropped 4.6 percent to C$773,000 ($613,000) from June. That's the biggest monthly drop since records for the price index began in 2000, according to Bloomberg...
Click for the interactive chart. Source: Bloomberg
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My end of week, live from Leen’s Lodge, morning train reads: • Indexers Push Back Against Wall Street (Wall Street Journal) but see Avoiding the Crowd Is a Good Bet for Beating the Stock Market...
Source: Bring A Trailer See Also: Gooding & Company
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The dramatic declines in the costs of oil production will be boosting supply at the very moment that demand is falling.
Over the past decade I've addressed what I call Head-Fakes in the cost of oil/fossil fuel: even though we know the cost of...
``... in the first quarter, the 10 largest bank holding companies in the US plowed over 100% of their earnings into share buybacks and dividends, he wrote. If they had retained more of their income, they could have boosted lending by $1...
At the March 2000 peak, Microsoft's PE multiple was 60X, Intel's was 50X and Cisco's hit 200X. Those nosebleed valuations were really not much different than Facebook today at 40X, Amazon at 190X and Netflix at 217X.
...
Not to be forgotten is...
Introducing a new series of economic cartoons by the two Mc’s – McCulley & McWilliams. What happens when Trump drops the mother of all policy bombs on the Fed? Who’s going to win this war, what...
A new report predicts New York City apartment vacancy rates will soar to more than 11% by the end of next year. The scenario, which some local housing analysts rejected, would mean a grim reckoning for landlords.
The forecast, by Ten-X...
``The Federal Reserve's looming attempt to shrink its mammoth portfolio of bonds comes with an ugly track record: Virtually every time the central bank has tried it in the past, recessions have followed... The Fed has embarked on six such...
- New York regulator investigating Wells Fargo auto insurance policies
- Asymmetric Polarization
- USD: Setting Up a Rip-Your-Face-Off Rally or in Freefall?
- Real-life "Hyper Loop" Shaping Up To Be Neither
- Debt Star! Federal Spending Almost 2X Federal Tax Revenues
- Venezuela's crisis-stricken economy is sliding into oblivion
- Bitcoin falls, futures for new 'bitcoin cash' leap 48% as 'miners' officially split currency
- Navient Busted Herding Student Loan Borrowers Into Default
- Five Years of "Whatever It Takes" - Doug Noland
- Tesla's Model 3 Arrives With a Surprise 310-Mile Range (WORLD'S CHEAPEST, PER MILE!)
- New Fannie Rule: "Bring Us Your Poor, Your Tired, Your Student-Loan-Debt-Overloaded..."
- With LIBOR Dead, $400 Trillion In Assets Are Stuck In Limbo
- Congress Poised to Defang Sessions' Anti-Pot Crusade
- Manhattan Commercial Deals Plummet in 1H 2017 (KUSHIE'S 666 5TH STILL AILING)
- The Amazon Effect: Retail Bankruptcies Surge 110% In First Half Of The Year
- United Monroe Kiryas Joel Deal Will Bankrupt The Town Of Monroe
- The U.S. Is the Sick Man of the Developed World (SOBERING IMF REPORT)
- U.S. car sales continue to crumble, down again in July (FOREIGN CAR COs LEAST-IMPACTED)
- LBMA shines a light on the gold in London's vaults
- (Even) Wall Street is livid over Wells Fargo's latest scandal: 'Here we go again'