“The Fed is not winning a long-term game. They continue to print money, devalue the currency, and continue to essentially run the American currency into the ground.”
The 10Y sold of modestly on the results although in light of today's equity carnage, we doubt any selling pressure in rates will persist into the close.
Zhong Shanshan, the founder and biggest shareholder of Nongfu Spring, saw his net worth explode over $50 billion after his stock soared 54% higher on Tuesday making him China's 3rd richest man.
Customers "have been misusing Paycheck Protection Program Loans, unemployment benefits and other government programs” and "employees have fallen short, too."
If a business cycle is artificially extended through monetary stimulation leading to excessive financial speculation as we are now experiencing, the risk of a catastrophic economic collapse is greatly increased...
"Nikola is one of the most innovative companies in the world. General Motors is one of the top engineering and manufacturing companies in the world. You couldn't dream of a better partnership than this."
An entire generation of Gen-Z Tesla traders on Robinhood who have only learned how to hammer the "buy" button, is getting their first cold reality check.
"We spent $10 billion on public equities and have already sold $7 billion of them. We consider this "treasury operations" where we are buying very liquid operations to earn higher returns on our cash."
In this Real Vision Daily Briefing, managing editor, Ed Harrison, and senior editor, Ash Bennington, answer questions from Real Vision subscribers, about…
