Tag: Investment outlook

Wolf Richter: Oops, SpaceX to Lay Off 10% of its Employees after Funding Fiasco in November

By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street What SpaceX is trying to do has “bankrupted other organizations,” it said. SpaceX, the unicorn startup with a newly minted $30.5 billion “valuation” and dreams of […]

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My Theory About Gold as Diversification to the Busted “Everything Bubble”

Lambert here: There’s no way I’m opening up comments for a post about gold, and be very careful not to go crazy over in Links, either. Plus I don’t care about shiny substances. However, Wolf’s thinking on asset correlation in the “Everything Bubble” is interesting, which is why I’m cross-posting […]

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Stumped by the Stock Market Slump? Start by Picturing a Used Car Dealership

Lambert here: Even I know what a lemon market is! By Steven Pressman, Professor of Economics, Colorado State University. Originally published at Alternet. Stocks have been slumping on a variety of concerns, from President Donald Trump’s ongoing trade war with China to worries about an economic slowdown and rising interest […]

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Wolf Richter: Nasdaq, “Tech,” & IPOs Are in for Gut-Wrencher

By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street Nasdaq down 24% already. Renaissance IPO ETF down 31%. But Uber and other unicorns are planning record IPOs in 2019, à la dotcom-crash-debut in 2000. The […]

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Uber Releases Ugly 3Q 2018 Results: Losses Widen to $1.1 Billion, Growth Slows

From Hubert Horan: 3q P&Ls released tonight. Losses and margins got worse. Gross revenue growth continues to slow down, showing their inability to fix the fundamental weakness in the core car service business. Expenditures on the marginal business (food delivery, scooters) that are key to the longer term growth narrative […]

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Is This Time Different? Examining Recent Emerging-Market Turbulence

By Dr. Marek Dabrowski, a Non-Resident Scholar at Bruegel, Professor at the Higher School of Economics in Moscow, co-founder and Fellow at CASE – Center for Social and Economic Research in Warsaw and Member of the Scientific Council of the E.T. Gaidar Institute for Economic Policy in Moscow. Originally published […]

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Marshall Auerback: Apple Has an Early Case of GE’s Disease

By Marshall Auerback, a market analyst. Produced by the Independent Media Institute The boom witnessed in the U.S. equity market over the past few years has begun to echo the latter stages of the high tech bubble of the early 2000s, right down to the investor interest ultimately gravitating toward […]

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Michael Olenick: Update Confirms That Share Buybacks Are Still Corporate Suicide

In 2017, INSEAD published a study by Robert Ayres, an INSEAD Emeritus Professor of Economics and Political Science and Technology Management, and Michael Olenick, an Institute Executive Fellow which looked at all buybacks for US companies over the prior 20 years, discarding firms not in business when the study was done, not in business five […]

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Richard Murphy: Stock Markets Look Ever More Like Ponzi Schemes

Yves here. Many commentators have written about how companies are increasingly more concerned with the business of managing their stock prices than the business of their business. We commented on this sorry development early on, in a 2005 Conference Board Review article, The Incredible Shrinking Corporation. Richard Murphy gives a particularly clear and terse explanation […]

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Wolf Richter: Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning

By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Originally published at Wolf Street. High-grade corporate bonds are “gradually” – the key word in everything the Fed says – and reluctantly coming to grips with the new era: Yields are rising and bond prices are […]

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Finally: SEC Frets about Share Buybacks, “Torrent of Corporate Trading Dominating the Market” and “Short-Term Financial Engineering”

Yves here. A Republican SEC commissioner criticizes share buybacks…and where have the Democrats been on this issue? Too busy giving speeches to Goldman to take notice, it seems. Mind you, one robin does not make a spring. But it is a disgrace that share buybacks have been given a free pass for so long. But […]

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