Category: Business

Colombia is producing more cocaine now than it ever has, according to a new report by Bloomberg. The amount of land planted with coca shrubs is up 17% last year, rising to 171,000 hectares, which surpasses levels prior to US president Bill Clinton’s “Plan Colombia” counter-narcotics program. Almost all of the world’s cocaine comes from […]

Authored by James Howard Kunstler via Kunstler.com, How hilarious is it in this pornography-saturated culture of anything-goes-and-nothing-matters that a long-ago session of awkward teenage necking becomes the most horrifying crime since Eve consorted with a snake in the original wayback? One theory: having worked tirelessly to destroy behavioral boundaries in its quest to transform human […]

The skyrocketing cost of tuition has not only resulted in a student debt bubble that is approaching $1.5 trillion, but it is also causing American college students to spend more time working paid jobs then they do studying, in class, or at the library. A new HSBC survey revealed that 85% of current college students […]

Authored by Lance Roberts via RealInvestmentAdvice.com, An interesting thing has begun to occur in the market which is more a symptom of exuberance than prudence as there seems to be nothing that can derail the market advance to new highs. However, as Doug Kass noted recently in his diary, the ingredients to shock market participants […]

Seriously… Chinese stocks soared higher this week (SHCOMP +4.3%) – the best week since March 2016… While China surged in two major National Team pumps, Europe was a one-way-street of stock-love all week… But US markets were a little more mixed with The Dow leading, S&P holding gains, and Nasdaq, Small Caps, & Trannies all […]

Submitted by Gordon Johnson of Vertical Group TSLA is effectively “robbing Peter to pay Paul”, in our view, and it’s being positioned in the media as “Delivery Hell” because that’s what Elon Musk is calling it. TSLA has been doing this for a while, but it seems to be picking up in 3Q18 (i.e., TSLA […]

Following in the footsteps of corporate giants Apple, Facebook, Google and Spotify, on Friday PayPal said it was is terminating its relationship with Alex Jones and his website, Infowars. In a statement, PayPal said that after an extensive review of Infowars and its related sites the company “found instances that promoted hate or discriminatory intolerance […]

When we compiled yesterday’s Household Net Worth report for the second quarter, which is contained in the Fed’s quarterly Flow of Funds report, one thing stuck out: extensive data revisions to the nominal dollar amounts in both the Pension Funds and Corporate Bonds category. We now know the reason: as Bank of America’s Hans Mikkelsen […]

SALT LAKE CITY — The Beehive State was the nationwide leader in annualized job growth, according to data released this week. The Utah Department of Workforce Services reported Friday the state ranked No. 1 for total job growth in the nation at 3.7 percent, based on data from the U.S. Bureau of Labor Statistics. Additionally, […]

An audio recording purportedly from a July conference call suggests that Christine Blasey Ford’s sexual assault accusation against Supreme Court nominee Brett Kavanaugh wasn’t simply a reluctant claim that Diane Feinstein sat on until the 11th hour. The recording features Ricki Seidman – a former Clinton and Obama White House official and Democratic operative who […]