t’s Official: Bitcoin Surpasses “Tulip Mania”, Is Now The Biggest Bubble In World History
by Tyler Durden Dec 12, 2017 9:16 AM One month ago, a chart from Convoy Investments went viral for showing that among all of the world’s most famous asset bubbles, bitcoin was only lagging the infamous 17th century “Tulip Mania.” One month later, the price of bitcoin has exploded even higher, and so it is time […]
Trump Tax Plan To Benefit “Top 1%” Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes
by Tyler Durden Sep 29, 2017 2:28 PM Based on what we already know about the proposed Trump tax reform, which can be summarized as follows: collapse the seven individual income tax rates to three (12, 25, and 35 percent), increase the standard deduction, eliminate personal exemptions, increase the child tax credit, eliminate most itemized […]
38 Incredible Facts About The Modern U.S. Dollar
By Tyler Durden Created 07/09/2017 – 23:40 We have it starting in 1913, when the Federal Reserve Act was passed by Woodrow Wilson. Not only did it establish a new central bank, but it also gave the Fed the authority to issue the Federal Reserve Note, which is (for now) the dominant form of U.S. currency both domestically and […]
Spot The Odd One Out
by Tyler Durden Jun 27, 2017 3:40 PM Presented with little comment… Top-Down… Bottom-Up… A rare one-time event has created the final big buying opportunity at such a low price. Bonds ain’t buying it… Commodities have given up hope… But then there’s this… And unless The Fed, ECB, and/or BoJ step […]
Argentina Unexpectedly Announces Sale Of 100-Year Bonds
by zerohedge.com Jun 19, 2017 10:01 AM One year after Argentina emerged from its latest sovereign bankruptcy, and at a time when the Latin American nation grapples with a surging budget deficit, Argentina surprised markets by announcing (on Twitter) its intention to sell its first 100-year bond, taking advantage of a world starved for yield. The issuance, […]
How Much Do People Actually Make From “Gigs” Like Uber And Airbnb
by Tyler Durden Jun 17, 2017 3:25 PM Via Priceonomics.com, Coined shortly after the financial crisis in 2009, the so-called “gig economy” or “sharing economy” refers to the growing cadre of companies like Airbnb, Lyft, and TaskRabbit—platforms that employ temporary workers who provide a wide variety of services: delivery, ridesharing, rentals, and odd jobs. A […]
The Market Is Delusional: Earnings Growth Rates Are Dramatically Overstated
Jun.16.17 Seeking alpha.com Summary Corporate profits after tax continue to represent a historically large portion of the economy. Earnings growth relies on one of two terrible theories. Either more of the pie goes to corporate profits or GDP suddenly roars back to life. The labor force growth rate is anemic at best and hours per […]
The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job
Jun 5, 2017 2:33 PM Authored by Michael Snyder, Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession? For example, in January 2009 92.6 million working age Americans did not have a […]
Rich people don’t make these 5 money mistakes
Published: May 31, 2017 10:05 a.m. ET By Nancy Mann Jackson Ever wondered how the uber-rich—the Warren Buffets and Mark Cubans of the world—live day to day? Sure, they may have some extravagant habits, but it’s highly likely they also follow the same key money rules that help them increase and protect their wealth. Even […]
“We Have Only Seen This Market Anomaly Twice Before: In 1999 And 2006”
by Zerohedge.com May 28, 2017 2:53 PM With one bank after another – including Goldman, JPM and BofA – quietly urging investors in recent weeks to head for the exits in a time when the Fed is not only hiking rates but warning about “vulnerabilities from elevated asset positions“, over the weekend the latest bank […]