Technology

Via Mac Slavo of SHTFPlan.com,

By EconMatters

We discuss the run in the Financials, and other blue chip stocks that are overvalued relative to the fundamentals in this video. We also discuss the Market Correction that we see coming over the next 6-8 months in markets. This is as good as the QE game gets, cheap money going away from markets!

https://www.youtube.com/watch?v=MBNQkEd6wFk

Desperate buyers  - fearful of missing out on the next Facebook - are panic-bidding Snap's stock price this morning. Up 17% to $29 the cash-losing company is now worth almost $41 billion - more than Ebay or Sony...

We wil have to wait for Monday/Tuesday for the shorts to appear (T+3)...

The question seems to be - Facebook, Twitter, or... Pets.com?

The gap between people's perceptions of reality (as judged by consumer and business surveys of confidence) and reality (as judged by fundamental economic data) has never been higher than it is today.

Peak 'Animal Spirits'

The problem for those waiting for 'hard' data to catch up to 'soft' data is - it never has.

And in this case - the 'soft' survey data has moved 2 standard deviations above the norm...

By EconMatters

We discuss the Trump administration`s efforts to cover up their interactions with Russia during the election process in this video. When two prominent Trump cabinet members resign in the first six weeks it is pretty serious.

https://www.youtube.com/watch?v=M_O2EDp-_kA