Life expectancy in the United States has declined for two years in a row and early statistics indicate that 2017 that may add a third upward move in the death rate. This has not happened since the Spanish Flu pandemic killed 3-5% of the of the world’s population in 1918-20
"What makes 2018 different from the prior 10 years? The answer is that this is the year the central banks stop printing and take away the punch bowl... This will not be a soft landing..."
"There should be a warning legend in all bond pieces explaining the size, scope and intended audience of what you’re arguing. Or, in fact, it isn’t all that helpful. Long-term investors shouldn’t day trade. And day traders shouldn’t be using long-term charts or cite demographic phenomena."
President Donald Trump just sent a chill down the spine of Amazon CEO Jeff Bezos and his fellow techno-plutocrats by reiterating his support for an Internet tax.
"This type of market behavior is pure madness... struggling lemonade companies are getting into cryptocurrencies. And the market is rewarding them...It’s a circus. And most of these hair-brained schemes will fail."
"No speculative mania has ever been easier for everyone in the world to participate in than the crypto markets, yet this would qualify as the most underowned, concentrated bubble in history."
"WaPo has become even more neoconservative (i.e, more in favor of invading countries that haven’t invaded us) now than it was back in 2002 when it cheered on George W. Bush’s lies about Iraq, after 9/11. How did this change happen?"
Here is the full list of stores that Sears/Kmart just announced it will be liquidating and leaving to gather cobwebs, while local malls scramble unsuccessfully to fill the vacant boxes while lease cash flows trickle to a halt.
The Dow Jones average is closing above 25000 for the first time in its 121-year history, taking just 23 trading sessions to climb from 24000. That will go down in history as the fastest run from one millennium marker to the next.
Spectre will require a complete re-architecture of the way processors are designed and the threats posed will be with us for an entire hardware lifecycle, likely the next decade.
“As a historian of the great equity bubbles, I recognize we are currently showing signs of entering the blow-off or melt-up phase of this very long bull market...Good luck. We’ll all need some."
The "Big Short" trade gained notoriety last February, when spreads for the BBB- and BB rated indices went through a massive widening, which continued at a steady clip until only recently.
