The burgeoning lithium industry, which produces the powerhouse metal used to make electric vehicle (EV) batteries, has entered its first major downturn, an unwelcome bruising for investors eager to help combat climate change.
Greece, China Sign 16 Belt And Road Deals To Open New Superhighway Chinese President Xi Jinping is on an official visit in Athens Monday has signed 16 agreements in sectors including agriculture, energy, ports, and tourism aimed at increasing Belt and Road Initiative (BRI) projects in the European Union, reported Bloomberg. President Xi met with political leaders in Athens Monday, after…
Chinese retailer Alibaba on Monday said sales for its annual Singles' Day shopping blitz jumped 25% in the first nine hours to $23 billion, nearly two thirds of U.S. rival Amazon.com Inc's online store sales in the latest quarter.
How To Crush A Bankers' Dictatorship: A Lesson From 1933 Authored by Matthew Ehret via The Strategic Culture Foundation, The western media has been hit with warnings of “financial Armageddon” and the need for a “global hegemonic synthetic currency” to replace the collapsing US dollar under a new system of green finance. These statements have been made by former and current Bank of…
Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal and Nestle among the biggest winners, Alibaba data showed.
The latest bargaining chip in U.S.-China negotiations to cool a 16-month-old trade war is whether President Donald Trump would roll back tariffs on hundreds of billions of dollars' worth of Chinese imports, and how soon.
New bank loans in China fell more than expected to the lowest in 22 months in October, but the drop was likely due to seasonal factors and policymakers are still expected to ramp up support for the cooling economy in coming months, reported Reuters. Chinese regulators have been trying to boost bank lending and lower […]
WeWork Disaster Aftermath: With 97% Of Companies Using Non-GAAP Metrics, Is Everything Fake? Back in August 2018, long before WeWork's historic implosion, we discussed how WeWork's EBITDA is "whatever you want it to be" thanks to the company's bizarre pro forma addbacks, which transformed a $933MM net loss and a $193 million adjusted EBITDA loss, into a "positive" $233 million "community-…
What is a good way for the Fed to deflect attention from the fact that after a decade of liquidity injections it has created the world's largest asset bubble? Why point to another, even bigger - in its view - threat. And with green bonds, unlimited fiscal deficits and MMT all the rage (if not today, then soon), what better bogeyman for the Fed to wave in front of the public than the hottest…
The toppling of the Berlin Wall made free market economics the norm across Europe - but which financial markets have done the best since then? Wall Street and the BRICs, of course.
One odd, energy-related fact that came out of the Yugoslav wars was the phenomenon of the “Designated Electricity Maker”. With no power in the cities, the only way to get it was to pedal, which usually meant spinning a custom-rigged bicycle hooked up to a car battery. Whether you wanted to vacuum or host a war-time party, it all required a “Designated Electricity Maker” who wasn’t…
Kazakhstan's Energy Ministry has raised its forecast for oil output in 2019 to 90.5 million tonnes from 89.0 million, it said on Monday, after better-than-expected performance by the biggest oilfields in the Central Asian nation.
A Correction Is Coming, Just Don't Tell The Bulls...Yet
Authored by Lance Roberts via RealInvestmentAdvice.com,
In this past weekend’s newsletter, I discussed the rather severe extensions of the market above both the longer-term bullish trend and the 200-dma. To wit:
“Currently, it will likely pay to remain patient as we head into the end of the year. With a big chunk of earnings…
The European Central Bank’s former president Jean-Claude Trichet said he is doubtful that cryptocurrencies can ever become the future of money, becoming the latest monetary authority to pour cold water on the simmering technology that seeks to disrupt and disintermediate global central banks from their control of currencies.“I am strongly against bitcoin, and I think we are a little complacent…
Apple AirPods’ runaway popularity is boosting wireless headset and part makers in China – and investors should be listening, analysts say.The wireless earphones are Apple’s second fastest selling product of all time, only behind the iPhone. Now its more expensive AirPods Pro – which include such features as noise cancellation – is a hot seller, too. The stampede into so-called true wireless…
Guess Who Is Preparing For A Major Stock Market Crash?
Authored by Michael Snyder via TheMostImportantNews.com,
Pessimism is spreading like wildfire on Wall Street, and this is particularly true among one very important group of investors.
And considering how much money they have, it may be wise to listen to what they are telling us. According to a very alarming survey that was…
Broke Bond Markets Mounting: Italy Surpasses Greece As Europe's Riskiest Sovereign
As yields soar optimistically around the world, pushing negative-yielding debt below $12 trillion - the lowest since June, but hey, it's still $12,000,000,000,000 of insanity, central-planners' incessant meddling with global markets has sparked another WTF-moment in capital market history.
A mere…
The "QE, Not QE" Rally Is On... What Happens Next?
Authored by Lance Roberts via RealInvestmentAdvice.com,
The “QE, Not QE” Rally Is On
Just recently, we released a study for our RIAPro Subscribers (30-Day Free Trial) on historical QE programs and what sectors, markets, and commodities perform best. (If you subscribe for a 30-day Free Trail you can read the entire report “An…