Trump may have made some political hay out of all this, but one only has to follow the money to learn the real reason pro football ratings are down--competition from college football. The fact is, “Their product isn’t very good these days,” Nick Bogdanovich told the Las Vegas Sun
Certainly, for those of us not playing in the crypto space, Tucker provides an apt description, “It was as if a Maserati had sudden driven up alongside a fleet of Model Ts.”
However, the current bubble craze is Bitcoin and while more can be made--up to 21 million--the current boom is just getting started according to Former Fortress hedge fund manager Michael Novogratz.
Law schools used Grad Plus more than any other higher-education sector, according to Education Department data.
So we have France’s Veolia Environnement S.A.floating €500 million of debt, rated just 2 notches above junk, with a three year maturity priced to yield negative 0.026%.
Meanwhile in another area of bubbleland, as I write cryptocurrency brand numero uno trades over $7,900. In July 2010, Bitcoin traded for 6 cents. That is a CAGR of over 595%.
Since there is no opposition on campus, the professoriate can call anyone who opposes their ideas, “racists,” and “fascists.” Thus, speakers who are not necessarily controversial, like Ben Shapiro, Ann Coulter, Charles Murray, even FEE’s Lawrence Reed, are demonized and booed off the stage or forced to cancel their talks due to threats of violence.
However, financial management skills in an age of inflation ripe with asset boom and busts is very rare among humans. As Jason Zweig writes on his blog about Sir Isaac Newton, who had more candlepower upstairs than most of us.
“We believe alcohol could be under pressure for the next decade, based on our data analysis covering 80 years of alcohol and 35 years of cannabis incidence in the U.S.,” the Cowan team noted. “Consumer survey work suggests [about] 80% of consumers reduce their alcohol consumption with cannabis in the mix.”
So, with FASB shocking the banks back to life with their rule-changing paddles, and the Fed offering banks a place on its bloated balance sheet to park cash and earn a risk-free 25 basis points, a few canny investors scooped up the warrants and waited for the Fed’s cheap money to raise all boats, even the comatose bank boats.
What Tina and Smith don’t mention Eli Segall does in the Las Vegas Review-Journal,”Some 2.17 percent of homes in the Las Vegas area, or a total of 14,334 properties, are vacant
So don’t believe that Game 5 is an indication of the shape of things to come. It likely reflects a peak in social optimism that will begin to head the other direction.
So bankers who have trillions in derivative bets dependent on the direction of Libor, participate in the setting of the rate. What could go wrong?
Stock promoters where more ingenious then; today all that is needed is “blockchain” in the company name.
The econ department is out-of-step with young people, they claim. Capitalism is for old folks these two write, “according to a Harvard University study, ‘only the age group above 50 years old contains a majority that supports capitalism.’”
In 2015, Netflix’s negative cash flow was $750 million. Last year, negative cash flow was $1.47 billion and through 9 months this year, $1.3 billion. Be that as it may, the company just sold $1.6 billion of bonds with a yield of 4.875%.
Nevada PERs is thinking about making a change, from assuming 8% investment returns to 7.5%. The higher the assumed rate, the less future beneficiaries have to contribute.
Here in the west, sentiment is a smoking 77. In the South, 68, and in the Northeast sentiment rose one point to 50. In the midwest, 63 is the number.
And while CNN portrayed the proposed Pebble mine trashing miles of pristine salmon breeding grounds, the mine is to be located 100 miles away.
