The information technology sector accounts for 60% of the increase in S&P 500 profit margins over the past 20 years. Meanwhile firms ex tech, healthcare and consumer discretionary, have seen zero margin expansion this century.
California’s real estate market could be in the beginning stages of a correction to fair value, after nearly a decade of speculation forced much of the median-priced single-family homes out of reach of the middle class...
"Oligarchs in all nations have sold their countries out in favor of an 'Elysium' style society on earth... where the only words for a citizen are conformity, obedience, and productivity: a planetary 'Gulag' broken down into several regions for administrative purposes and where each region is mutually self-supportive..."
Despite headlines that the biggest coffee chain in the world will soon begin accepting Bitcoin, the crypto space is under pressure this morning (led by Bitcoin) following comments from Goldman Sachs that "further declines" are expected.
"In the end, expect India and Turkey to mostly get their way in the coming months on energy and defense policy. They both understand that Trump is simply trying to manage the retreat of the U.S. empire from Eurasia as best as he can..."