Authored by Sven Henrich via NorthmanTrader.com,
Many of you know I keep posting charts keeping taps on the macro picture in the Macro Corner.
It’s actually an interesting exercise watching what they do versus what they say. Public narratives versus reality on the ground.
I know there’s a lot of talk of global synchronized expansion. I call synchronized bullshit.
Elon Musk has a problem... well a few problems, actually.
Production on its messianic Model 3 is worse than terrible...
Electrek.com reports that as Tesla CEO Elon Musk made clear during the company’s conference call with financial analysts last week, Model 3 production is still very much in “production hell” – so much so that Musk refused to confirm how many Model 3 vehicles they produced in October.
He said that “people would just read too much into it.”
It looks like Ethereum’s developers and entrepreneurs have finally recognized the perils of being associated with the massively fraudulent ICO market.
Authored by Wolf Richter via WolfStreet.com,
Banks have started to tighten lending standards for prime and subprime borrowers, and it shows...
One of the key changes in the House GOP tax bill was to implement a cap on home interest deductions to the first $500,000 worth of mortgage debt and eliminate interest deductions from second homes. Of course, given active opposition from some very powerful realtor and homebuilder lobbying groups, it's unclear whether the changes will find their way into the final tax bill. But, at least according to Bloomberg, New York's "millionaire, billionaire, private jet owning" hedge fund managers aren't waiting around to find out and are already taking steps to game any potential tax chang