So while socialism has turbocharged the drain of capital and societal deterioration in Venezuela, Protocol Labs Inc. raised about $193 million for its Filecoin Network.
“Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear the trend was transitory, according to the minutes of the U.S. central bank's last policy meeting.”
The ECB gets its money to buy assets the same way the Fed, or any central bank, does--out of thin air. If government bonds are in short supply, central banks can always follow the Bank of Japan’s lead, buying ETFs in addition to corporate and sovereign bonds.
Fannie and Freddie's new bag.
The Trump rally, as John Hussman wrote on August 7, has pushed the market to “the median price/revenue ratio of S&P 500 component stocks reached the highest level in history, advancing far beyond the levels reached at both the 2000 and 2007 market peaks.”
“It’s a well-oiled routine,” Bloomberg reports. “Musk previously tapped his cult-like followers in the equity market for capital eight times in seven years to fund Tesla’s growth. Apparently, his pitch works on debt investors, too.”
This Saturday he’s been suspended for texting pictures of his Anthony Weiner to female colleagues. The New York Times reports, Bolling “sent an unsolicited photo of male genitalia via text message to at least two colleagues at Fox Business and one colleague at Fox News.”
There will be no movies made of last week’s union vote at the Canton, Mississippi Nissan assembly plant. Representatives of Nissan Motor Co. and the United Auto Workers union said late Friday that 2,244 workers, or 62 percent, voted against the UAW, while only 1,307, or 38 percent, favored the union. This was the first union vote at a Mississippi plant.
Bacharach told the crowd that it was great being back in Las Vegas and said the Smith Center is one of the finest places he’s ever played. He reminisced about his work with Vic Damone and Marlene Dietrich. “I saw the world, but the [German] music sucked.”
Build them and they will rent, and then Blackstone will buy.
“Since 1995, the number of shopping centers in the U.S. has grown by more than 23 percent and the total gross leasable area by almost 30 percent, while the population has grown by less than 14 percent.”
“ravens anticipate the nature, time, and location of a future event based on previous experiences. The ravens' behavior is not merely prospective, anticipating future states; rather, they flexibly apply future planning in behaviors not typically seen in the wild.”
In 2017, the ongoing apartment building-boom in the US will set a new record: 346,000 new rental apartments in buildings with 50+ units are expected to hit the market,” three times the number of units that came on line in 2011.
That’s always the argument, allow a builder to try and satisfy demand and it’s considered “a great gift.” Development entails risk. How soon people forget the video of homes in a new subdivision in Victorville, California being bulldozed.
There is no Janet Yellen in the crypto-world to arbitrate this sort of monetary brouhaha. Decentralization is the silky petals of the crypto flower, but this battle between the miners and what is known as Core, a group of developers is thorny and no one knows how it will come out.
The problem is Japanese customers do not deposit dollars, so to buy dollar-denominated assets Japanese banks must borrow in dollars typically on a short-term basis.
Thus, the perils facing all bankers -- borrowing short to lend long.
When the mood changes the President’s fortunes will change with the market’s.
Judging from the lines out the doors at dispensaries in just my neighborhood, I don’t doubt his projection. Even with it being a scorching 107 degrees this afternoon, Las Vegans were waiting patiently in the sun to go up in smoke.
While Clooney and Co. cash in, Salon reports, “The legal weed market appears to be impacting booze’s bottom line.” Significant numbers of Millennials, Gen-Xers and Baby Boomers are switching from liquor to weed as it becomes legal.
