Category: Finance
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![Thursday Recap: Return of the Cannapocalypse, Walmart, and Powell]()
Thursday Recap: Return of the Cannapocalypse, Walmart, and Powell
Cannapocalypse: Version 2 I think Canopy Growth ($CGC) and Aurora Cannabis ($ACB) should notify the makers of the Oxford English Dictionary that the word “earnings” has been redefined to mean “losses”. Both firms have been supposed “leaders” in the industry, and have let stakeholders down in the past quarter. My disappointment in these two companies…
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Tuesday Recap: Political Economy, AbbVie, and Apple
Before it’s here, it’s in your inbox. Sign up for our daily markets newsletter here. Daily updates about what’s moving the markets. Political Economy I’m certain that Donald Trump’s legacy as President will contain many things, one of which will certainly be his impact on global markets. I think this will be iconic for two distinct reasons:…
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![Busted Bitcoin pedophiles have started killing themselves]()
Busted Bitcoin pedophiles have started killing themselves
Two child-rape perverts killed themselves after the darknet’s “largest-known site of child exploitation videos” was busted. The South Korean website operator is in prison and 337 villains have been arrested after the U.S Department of Justice (DOJ) discovered their identities by following a trail of Bitcoin transactions. The scope of this issue is hard to…
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India, Italy, Brazil, China and Spain or how sovereign debt smashed BRICS and deflated the EU dream
The financial crisis of 2007 wiped trillions off our global financial ledger. National economies reeled in the wake of banking’s biggest boo-boo since Reagan’s deregulation of the American Savings and Loan industry triggered the failure of almost two-thirds of the 3,234 savings and loans institutions in the United States from 1986 to 1995. Now, sovereign…
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![Mastercard (MA.NYSE) backs out of Facebook’s (FB.Q) Libra team like a two-headed baby]()
Mastercard (MA.NYSE) backs out of Facebook’s (FB.Q) Libra team like a two-headed baby
Mastercard (MA.NYSE) joined PayPal (PYPL.Q) and Visa (V.NYSE) with its announced exit from Facebook’s (FB.Q) Libra support group today, leaving the once famed project listing in the wind without a major payment processor to back it. Mark Zuckerberg, Facebook’s CEO, said he had hoped to foist his cryptocurrency on the public in the same way Amazon…
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![Investor Alert: here’s what a regular Chinese communist thinks about the trade war]()
Investor Alert: here’s what a regular Chinese communist thinks about the trade war
I recently met an electrical engineer in Chengdu China I’ll call “Mr. Kin”. He’s 53 years old, works for a private utility company. He’s been a member of the Communist Party of China since he was 18 years old. Mr. Kin is not rich, but he’s not poverty-stricken either. His daughter is studying psychology at…
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The end of the world, or, how I learned to live with a habitually shrinking PMI
The Institute of Supply Management (ISM) U.S. manufacturing survey was released yesterday and, boy, did it ever raise alarms. Estimations of the ongoing U.S.-China trade war have been on a piecemeal basis up until now: It is common knowledge American soybean farmers are struggling, but calculating the material effects on U.S. business as a whole…
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![Nexus Gold (NXS.V): Why are U.S. CEOs selling massive blocks of their own stock?]()
Nexus Gold (NXS.V): Why are U.S. CEOs selling massive blocks of their own stock?
If you own stocks in big cap U.S. companies like Salesforce (CRM.Q), Slack (WORK.NYSE), Chipotle (CMG.NYSE), Visa (V.NYSE) and Home Depot (HD.NYSE) you may be interested to know that senior management in those companies have been pounding out shares. This is the new normal. A TrimTabs Investment Report reveals that insider selling on the U.S.…
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![Long and Short (Ep 2): The rate cut and what it means]()
Long and Short (Ep 2): The rate cut and what it means
For the first time since 2008, the Fed cut rates by 25 basis points to boost economic growth. In a perfect world, a lower cost of borrowing would’ve made the market soar. But stocks fell yesterday, and they fell today. It’s complicated. Let’s get into it: Interest rates and the economy The interest rates set…
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![Direct Listings vs IPOs]()
Direct Listings vs IPOs
Technology companies like Slack (WORK.Q) and Lyft (LYFT.Q) have one thing in common: their affinity to make losses. But before Lyft fooled the retail investor, it fooled a bigger player: the buyer of its pre-IPO stock. The same isn’t true of Slack which opted for a direct listing instead. Now, you may be asking yourself,…
