Business

Over the weekend we wrote a note about how the European auto lenders are becoming just about as ridiculously undisciplined as their counterparts in the United States.  Apparently an ever-growing reliance of European millennials on lease financing has auto ABS investors worried about a potential crash in used car prices at some point in the not so distant future...that sound familiar to anyone?

But a new undercover investigation by the Daily Mail exposes just how "undisciplined" the auto lending market has become in England.  Here are the headlines:

For those who can’t quite reconcile the Chinese government’s tentative acceptance of bitcoin and other cryptocurrencies with the inherently anarchistic principles espoused by bitcoin's creator, here’s yet another clue to support the theory that the Chinese government has decided to tolerate and regulate digital currencies in hopes of learning how to apply the technology to its own digital currency.

Nasdaq has issued a market-wide trading halt amid what appears to be a "glitch" that sent a number of the largest Nasdaq-listed stocks to crash or spike to exactly $123.47 per share.

This move crashed the value of companies including Amazon and Apple, sparked chaos in Microsoft, while sending Zynga rocketing up more than 3000%.

Emerging market stocks head into the second half of 2017 following their best string of monthly gains since 1993 as strength in the U.S. equities, economic growth in China and better-than-expected earnings boosted appetite.

While there are some concerns about growth in the technology sector in the second half, valuations haven’t reached a peak, said Jingyi Pan, a market strategist at IG Asia Pte in Singapore.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Last week, I received the following email from a reader which I thought was worth further discussion.