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Articles by Give up. Realit.
"Devastated" Trader Crushed By Soaring Biotech, Starts Onling Begging Campaign To Fund $106,000 Margin Call
And now what may be the craziest story of the day. Less than a week ago, one of the countless fly-by-night biotech pennystocks, drug developer KaloBios Pharmaceuticals said it would wind down its operations and that it had engaged restructuring firm Brenner Group to help liquidate its assets. The company said it was highly unlikely that exploring strategic options could generate a viable transaction within the time frame, given its limited cash resources.
Healthcare & Housing Cost Surge Sparks Biggest Rise In Core Consumer Prices Rise In 16 Months
Following September's strongest Core CPI gain since June 2014, October accelerated that modestly with CPI ex food and energy rising 1.9% YoY. Broad CPI rose 0.2% YoY (slightly better than the 0.1% expected rise) - the highest sicne December. Month-over-month saw new and used vehicle prices drop, Apparel prices drop 0.8% (most since Dec 2014), PCs drop 0.9%, but was notably offset by the bigger-weighting in Medical Care which rose 0.7% MoM (3.0% YoY) and Shelter rose 3.2% YoY.
Thanks Janet - The Cost Of 'Renting' In America Is Rising At Its Fastest Pace In 8 Years
The cost of 'living' in America in anything but a cardboard box under an overpass is rising at its fastest rate in 8 years. Both overall "shelter" and "rent" inflation are running at their hottest pace of the 'recovery'... and this is happening as wage growth remains stagnant despite the promises that any minute now it will rise. Well done Janet...
Wall Street Braces For Drop In Bonuses, In Some Cases Up To 60%, For The First Time Since 2011
While 2015 has seen its share of market tribulations, from repeated "flash crashes" in various asset classes, to the "summer of the Greek referendum", to the late summer EM/China devaluation market swoon, it has managed to rebound once again with the S&P practically back to all time highs, as central banks have once again thrown the kitchen sink at stocks. However, not all is well on Wall Street, where when one cuts all the noise, just one thing matters: the year-end bonus.
The Quick "Bull" Vs "Bear" Case In 8 Charts
"What happens next?" Everyone wants to know the answer, but nobody has it (if they do, they are lying). Still, one attempt at framing the narrative, comes from BofA's Savita Subramanian. Here is the 30,000 foot cliff notes version of the two sides of the story. First, the bear case, or as BofA calls it "an economic shock derails a fragile economy." Concern over global growth has become more wide-spread, as suggested by the charts below.
Individualism Vs Sacrificial Collectivism
Free, competitive markets have been the engine for both freedom and prosperity. In addition, free market capitalism is morally based on the principle of individual rights to life, liberty and honestly acquired property, in which all social relationships require the voluntary and mutual consent of the participants. Private property rights are central to the free society.
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