Blain: “Are All Tech Companies Doomed To Irrelevance”
Blain’s Morning Porridge | “For every Netflix there is a Blockbuster. Every Facebook, a MySpace. Every iPod, a Walkman.”
Tag: Money Watch
All The FANG Stocks Are Now In A Bear Market And Facebook Investors Have Already Lost 39 Percent Of Their Paper Wealth
Michael Snyder | These large stock market declines are starting to become a regular thing, and tech stocks are getting hit particularly hard.
Goldman Sachs believes the US economy will slow to a crawl next year
CNBC | “We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration.”
China just dumped the biggest load of US Treasuries in 8 months
RT | In September, China’s share of US Treasuries holdings had the highest decline since January as ongoing trade tensions with Washington forced the world’s biggest economy to take measures to stabilize its national currency.
“The Outlook For The Global Economy Has Deteriorated”: Oil, Copper And Lumber Are All Telling Us The Next Economic Downturn Is Here
Economic Collapse | Oil, copper and lumber are all telling us the exact same thing, and it isn’t good news for the global economy.
ECB Exec Calls Bitcoin The “The Evil Spawn Of The Financial Crisis”
Coin Telegraph | Executive Board member of the European Central Bank (ECB) Benoit Coeure considers Bitcoin (BTC) to be the “evil spawn of the [2008] financial crisis,” Bloomberg reports Nov. 15.
Global Auto Industry Collapse Continues As October EU Data Shows No Relief
Zero Hedge | Deliveries of new passenger cars were down 7.4% in the EU and the European Free Trade Association in October from the year prior.
A Million Americans Are Living In Their RVs As The American Dream Continues To Be “Redefined”
Michael Snyder | Could you imagine living in an RV on a permanent basis? On the one hand, such a lifestyle can offer a sense of freedom that is absolutely exhilarating.
Global Rally Shattered, Europe Slides As Brexit Turmoil Returns
Zero Hedge | Today’s turmoil started around 4am ET when Brexit Secretary Dominic Raab announced his resignation on Twitter, the highest profile of several departures on Thursday morning.
The Fed Will Continue Tightening Until Everything Breaks
Brandon Smith | The Federal Reserve is an autonomous entity that does not answer to government oversight.
“The Collapse Has Begun” – GE Is Now Trading Like Junk
Zero Hedge | For now the “magnifying glass” appears to have focused on GE, and judging by the blow out in spreads for this “investment grade” credit, what it has found has been unexpected.
11 Signs That The U.S. Economy Is Starting To Slow Down Dramatically
Michael Snyder | The pace at which things are changing is shocking the experts.
Global Markets Rebound On Renewed Trade Hopes, Oil Slides For Record 12th Day
Zero Hedge | Focusing on Europe, today is the day the Italians will resubmit their budget after the EC requested a new fiscal plan.
SWIFT’s Iran ban will ‘expedite global de-dollarization’ – Max Keiser
RT | The blacklisting of Iran from international financial messaging system SWIFT serves as a warning to Washington’s enemies, but will hasten the demise of the dollar, stockbroker-turned broadcaster Max Keiser told RT.
This Wasn’t Supposed To Happen…
Michael Snyder | We have definitely deviated from the script. According to virtually all of the “experts”, the stock market was not supposed to keep plummeting in November.