Rig For Stormy Weather
Rig For Stormy Weather
Posted with permission and written by Gary Christenson, The Deviant Investor
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An Autopsy of Lowest Selling Pressure EVER: S&P 500, NASDAQ 100 and DJIA Futures DataViz
E-mini S&P 500 Futures (ES)
Based on candlestick wick analysis and data across all three primary US futures contracts, there is less selling pressure than ever before.
Not since xyz, not since insert year here... there is less selling pressure than ever. But everything's awesome, right? Just BTFD, right?
China: Systemic Risk Surges As HNA's High Coupon Borrowing Binge Accelerates
In early November 2017, we returned to one of our favourite subjects, systemic risk in China related to its big four highly-indebted conglomerates, HNA, Anbang, Evergrande and Dalian Wanda. In particular, we asked whether the extortionately high coupon of 9% on an HNA dollar bond issue, with less than one year to maturity, marked the beginning of China’s Minsky moment?
SEC Wins Injunction Against ICO Organized By Financial Fraudster
The Securities and Exchange Commission is stepping up its long-overdue crackdown on shady initial coin offerings that are churning out suckers at a record clip with one simple promise: Invest in our coin and you, too, can receive an astronomical IRR just like your savvy cousin who bought a handful of bitcoins back in 2011 and decided to hold on for dear life.
36 Year Old Makes $62 Million Relying On Honesty of Strangers
Content originally published at iBankCoin.com
36 year old e-commerce entrepreneur Yusuke Mitsumoto had an idea: “what if I pay people instantly for their used goods and then trust them to give them to me?”
Crazy, right?
Mitsumoto launched an app in June to test the idea, quickly realizing that that people – surprise – went for the money, putting him on the hook for $3.2 million (360 million yen).