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“Every Kingdom Divided Against Itself…”

Authored by Raul Ilargi Meijer via The Automatic Earth blog, In Matthew 12:22-28, Jesus tells the Pharisees: Every kingdom divided against itself is brought to desolation, and every city or house divided against itself will not stand. In 1858, US Senate candidate Abraham Lincoln borrows the line: On June 16, 1858 more than 1,000 delegates met in […]

Mastermind Of Iceland’s “Great Bitcoin Heist” Flees To Sweden After Brazen Prison Break

One of the suspects in a high-profile theft that Icelandic media are calling “the big bitcoin heist” has escaped a low-security prison and fled to Sweden, the BBC and Guardian reported on Wednesday. The man, Sindri Thor Stefansson, who is suspected of masterminding the theft of 600 bitcoin-mining rigs as escaped from custody after he […]

No (Wall Street) Bank Left Behind!

Authored by John Rubino via DollarCollapse.com, Times have been hard for Wall Street banks lately, what with record amounts of cash pouring in and causing all kinds of bookkeeping headaches. So – big-hearted people that we are – Americans stepped up and helped by lowering the banks’ taxes. From Today’s Wall Street Journal: The Four […]

Nomura: It’s 2017 All Over Again As X-Asset Vols Get Crushed; Here’s Why

From Charlie McElligott, Managing Director, cross-asset strategy at Nomura 2017 REDUX, AS ‘GROWTH SCARE’ IS OUT, FED NORMALIZATION IS RESUMED = RISK ON, VOL SMOKED Summary (more or less): 2017 all over again as cross-asset vols are crushed—why? Perception of “growth scare” evidenced over the past month (disappointing global growth / outright BAD EU data) […]

Barclays Summarizes 89-Page Tesla-Bashing Report To 5 Tweets For Dumb Americans And Tech Investors

At exactly 3:38pm GMT on Tuesday, Barclays released an exhaustive, 89-page pdf research report titled “iNDUSTRIE 4.0 VS. Tesla’s ‘lights out’?”, which if it wasn’t clear by the title, explained “why Tesla is deeply overvalued and a structural short.” A terrific report, and one which an increasingly insecure Elon Musk will be quick to deride […]

Uncharted Territory For Stock Valuations

Authored by Bryce Coward via Knowledge Leaders Capital blog, Another month and another new high in equity valuations, at least relative to sales. Indeed, the median company in our developed world index (which covers the top 85% of companies in each country) just achieved a price to sales ratio that eclipsed the 2000 peak. There […]