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Netflix Is Spending Twice As Much As Amazon On Content

To continue its growth, Netflix will have to spend some $8.7 billion in cash on new content, nearly $2 billion more than it did in 2016, and more than double what its nearest, and cash flow positive competitor, Amazon, is spending on new content.

Whither Wheat? "A Technician's Wet Dream"

“The most exciting returns are to be had from an asset class where those who know it best, love it least because they have been burnt the worst...

One Professional Investor's Take On Bitcoin

"Can’t say that I don’t feel a little tinge of a bitter sting. I have long attempted to find an asset that is impervious to Central Bank bat-shit crazy balance sheet expansion. I was handed the answer with bitcoin, well before most others, and completely whiffed..."

The Other Shoe Drops: Prime Auto Loan Losses Surge As Recoveries Tumble

With subprime auto loan delinquencies already surpassing losses last seen in the immediate aftermath of the financial crisis, the next shoe has dropped as losses in bonds tied to prime auto loans surged in recent months from a year ago, with 60+ day delinquencies and default rates in Prime ABS pools doubling from post-crisis lows.

Pondering The Real Perils Of Risk Parity Portfolios

Following Paul Tudor Jones "terrifying" stock market comments last week, we explain why Jones might be wrong, not about risk parity causing a market dislocation, but instead the market in which risk parity will cause problems.

The Last Remaining Cheap Asset

Today we face expensive assets everywhere we look. So what’s an investor to do? Is there anything truly cheap anymore? Well, rest assured, there is absolutely nothing easy left...

"The Fed Is Once Again Making A Policy Error"

"I must admit, I am a little surprised the Fed's goal of withdrawing accommodation without having the whole financial system come crashing down has gone so smoothly. But I wonder if the Federal Reserve isn’t pushing their luck..."