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The Next Startup Fraud? Jessica Alba's $1.7 Billion "Honest Company"

The Next Startup Fraud? Jessica Alba's $1.7 Billion "Honest Company"

Back in the summer of 2014, roughly a year and a half before the second bubble of profitless, "story", aka "tech", companies had burst, we wrote in dismay, that "the true indicator of just how bubbly the second coming of the dot com era has become comes courtesy of none other than Jessica Alba's, yes the actress, own startup: a company launched in 2012 and which makes "non-toxic" diapers (as opposed to toxic diapers?), called the Honest Co., has raised $70 million at a valuation just shy of $1 billion in preparation for an IPO."

Japanese Government Bond Futures Are Flash-Crashing (Again)

Japanese Government Bond Futures Are Flash-Crashing (Again)

Remember that once-in-a-lifetime, "don't worry there's plenty of liquidity" flash-crash in japanese Government Bond futures on Tuesday night (Wednesday morning Japan time)... well it happened again...

JGB Futures to be halted any minute...

 

And so the market chaos even among the "safest" of securities, the result of central bank intervention, continues. Bloomberg's Richard Breslow summarized it best:

   

How Vancouver Is Being Sold To The Chinese: The Illegal Dark Side Behind This Real Estate Bubble

How Vancouver Is Being Sold To The Chinese: The Illegal Dark Side Behind This Real Estate Bubble

One month ago, when describing the latest in an endless series of Vancouver real estate horror stories, in this case an abandoned, rotting home (which is currently listed for a modest $7.2 million), we explained the simple money-laundering dynamic involving Chinese "investors" as follows.

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