Authored by Adam Taggart via PeakProsperity.com,
This week we talk with Patrick Byrne, CEO of Overstock.com, and rare courageous voice within corporate America raising concern that powerful interests on Wall Street are destroying US companies for profit, robbing investors and destabilizing our financial system in the process.
Via The Daily Bell
New technology can be scary. It certainly presents risks and challenges. But I have to admit, one technology I am very excited about is autonomous vehicles or self-driving cars.
We’ve talked about the potential for the Internet of Thing to leave us with nowhere to hide, and self-driving cars are part of that. We have also mused about the possibility of the government ruining self-driving cars.
But let’s take a moment to balance those positions with the benefits of autonomous vehicles.
Authored by Lance Roberts via RealInvestmentAdvice.com,
There is an increasing amount of commentary which suggests this time is different. Active management of portfolios is no longer needed, as Central Banks continue to be supportive of the markets, so join in on the “passive indexing” sweeping the country.
Last night we showed the dramatic impact Amazon has had on the retail sector, where over $6 billion in retail debt has filed for Chapter 11 protection YTD...
... a 110% surge compared to the first half of 2016, and pointed out that there was one recurring name mentioned among 2017's bankrupt retailers listed in the chart below: brands such as Gymboree, Payless, rue 21 and the Limited all cited Amazon affect as a contributor to their downfall.
In April, the Fed's otherwise boring Beige Book revealed a striking anecdote about the current state of the US labor market: as the Boston Fed commented at the time, the qualified labor shortage had gotten so bad, that the hit rate on hiring after a simple math and drug test, has collapsed below 50%. To wit: