Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem
America, you officially have a debt problem, and I am not just talking about the national debt. Consumer bankruptcies are surging, corporate debt has doubled since the last financial crisis, state and local government debt loads have never been higher,…
Read more »The World’s Largest Cybercrime Empire
Authored by Alex Kimani via SafeHaven.com, When you hear of state-sponsored cybercrime, you probably conjure up images of cybercriminals linked with the Russian government outwitting sophisticated infosec systems and stealing mountains of state data. Well, that’s pretty representative of your…
Read more »China Just Tested A Hypersonic Missile The US Can’t Defend Against
China claims to have successfully tested a new hypersonic missile that would be capable of penetrating any missile defense system in the world. The Starry Sky-2, which is an experimental design known as “waverider,” rides the shock waves generated during…
Read more »If This Chart Doesn’t Scare You Out Of Stocks, Nothing Will
A lot has changed since the stock market crash of 2000. Apple Inc. has gone from being just another computer brand to becoming the most valuable company in the world, Amazon.com Inc. went from being an e-book retailer to a byword…
Read more »Tesla Soars as Musk Doubles Down on Controversial ‘Going Private’ Tweet’
Tesla (TSLA – Get Report) CEO Elon Musk just dug his heels in even harder on a tweet that’s raised legal and ethical concerns, including from a former chairman of the Securities and Exchange Commission. Tesla shares, which were halted for more…
Read more »Trump-Backed Republican Wins Ohio Special Election
Update: While the fight was a close as expected – given the massive amounts of cash both parties spent – the winner of Ohio’s special House election is Trump-backed Republican Troy Balderson. As we noted earlier, while both candidates are…
Read more »China Taunts The US: ‘We WILL Survive Your Trade War’
China is taunting the United States over the tension increasing trade war. Chinese authorities have warned through state media that they will survive the trade war with the US. As tariffs are added and prices go up on goods and…
Read more »Visualizing How The 50 Largest US Companies Are Connected
For any corporation, the Board of Directors plays a crucial role in corporate governance. Elected by the company’s shareholders, the board is meant to represent shareholder interests – it ultimately hires the CEO, sets strategic objectives, approves annual budgets, and…
Read more »All FAANG’d Up
Bulls Make A Charge For The Highs Last week, we discussed how the market managed to clear the “Maginot Line” which brings January highs into focus. The chart below is the updated analysis from last week. Given this is a “weekly” chart, it takes much…
Read more »China Is Now Left With Just Three Options, And They Are All Equally Bad
Last Friday’s forceful intervention by the PBOC, in which the central bank hiked the reserve requirement for FX forwards trading from 0% to 20%, was a warning shot at the gathering yuan shorts who managed to briefly send the Chinese currency below…
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