Stocks Stagger On Tax Turmoil As Junk Debt Dumps To New 8-Month Lows
Yellen warns "valuations are at the high end of ranges" but tax cut details diss stocks.
It was all going great until I hit 310kph...
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Jim Chanos Adds To Tesla Short, Sees Musk Stepping Down
The ongoing vendetta between the scourge of Enron, Jim Chanos, and Elon Musk escalated when the Kynikos Associates founder said he has been adding to his Tesla short position throughout the year even as the company’s shares soared to record highs.
Future Of Digital Currencies: Former Buba Head & The FT Get Horribly Muddled
Of all people…
The former head of the conservative Bundesbank believes that central banks need to embrace digital currencies and he’s concerned that they’re being left behind. This might be interesting, we thought. Axel Weber has been talking to the FT but, it turns out, he hasn’t shaken off his bureaucratic roots since he took on the Chairmanship of UBS. Instead of embracing Bitcoin, Ethereum, decentralisation and private enterprise, Weber thinks central banks, and the likes of UBS, will benefit from creating their own versions. According to the FT.
The Fed Issues A Subprime Warning As Household Debt Hits A New All Time High
After we first reported last week that US credit card debt once again rose above $1 trillion, despite a recent sharp downward revision to the data, while both student and auto loans rose to a fresh record high...
George Soros To Congress: "Please Don't Cut My Taxes"
After transferring over the bulk of his personal wealth to his “Open Society” Foundation - the umbrella organization for a network of dozens of political groups that push Soros’s far-left agenda across the US and Europe, Soros is still comfortable enough to justify giving away even more of his money - this time to the US federal government.