Real estate

The Path To $10,000 Bitcoin

We're accustomed to "rotation," the nice little game where bonds can be sold and the capital invested in real estate or stocks, or vice versa. We're less accustomed to all the conventional asset classes toppling like dominoes. Where do the fleeing trillions go when stocks, bonds and real estate are all going down in a chaotic sell-off?

Valeant Sells Assets For $2.1 Billion To Reduce Massive Debt Load

Valeant is selling its Dendreon cancer business and three skincare brands for about $2.12 billion to L'Oreal and China's Sanpower Group, as the troubled Canadian drugmaker seeks to pay down some of its massive $30 billion debt. The stock bounced 15% in pre-market trading on the news.

Here's A Unique Sign Of Inflation

"I remember the first time I ever saw a $100 bill. I was dumbfounded. It was more money than I had ever seen in my young life.... $100 could practically pay the rent in a lot of places back in the 80s. That’s obviously no longer the case...$100 simply isn’t the awe-inspiring symbol of wealth that it used to be. And that’s because of inflation."

Frontrunning: January 9

  • European shares dip, sterling falls on Brexit comments (Reuters)
  • Pound Falls to 10-Week Low as May Hints at Single-Market Exit (BBG)
  • Offshore Yuan Falls for Second Day as Bears Reload After Squeeze (BBG)
  • Trump's choices for top Cabinet posts face big tests this week (Reuters)
  • Nine Trump Nominees Who’ll Face Extreme Vetting by Democrats (BBG)
  • Meet the Mercers: New Power Brokers in Trump’s Washington (WSJ)

Party Like The Dow Is 19,999: US Futures Dip As Global Currencies Stumble; Oil Down, Gold Up

European, Asian stocks fall and U.S. equity-index futures traded mixed on Monday with fresh memories of the Dow Jones rising to under 1 point of 20,000 on Friday. The dollar has rebounded on fresh geopolitical concerns, while the pound extends its decline from Friday and has slide to 10 week lows on a Sunday interview from Theresa May which suggested a "Hard Brexit" may be in the cards.

5,000 National Guard Deployed At Inauguration As Michael Moore Calls For "100 Days Of Resistance" Against Trump

Michael Moore is calling for large protests at Donald Trump's inauguration and “100 days of protest” during the president-elect’s first 100 days in office. Meanwhile, in preparation for protests and/or violence, the head of the Secret Service's District field office, Brian Ebert, said that about 3,000 police officers from outside the District, 5,000 National Guard troops and federal agents will staff buffer crowd-control barriers and bag checks