Independent thinking for complex markets and current events
An empty 16-story office building at 995 Market Street in San Francisco recently sold for a mere $6.5 million. This price represents a staggering 90% plunge from its 2016 value of $62 million. The building, which was once home to Burning Man headquarters and later occupied by WeWork, has faced significant challenges in the city’s struggling office market. With a vacancy rate of …
Central banks were recently asked why they buy gold. Their responses were not surprising but reassuring. Almost 50% of respondents cited three main reasons: No default risk. Strong performance during crises. Historical significance. In reality, no other asset matches gold’s… pic.twitter.com/G982GBnL0q — Otavio (Tavi) Costa (@TaviCosta) June 22, 2024 Central banks have indeed been increasing …
The entire value of the S&P 500 currently stands at $45.5 trillion, according to FactSet. Tesla CEO Elon Musk claimed on Thursday that his company’s Optimus humanoid robots could eventually make the automaker worth more than half of that. Musk, who characterized himself as “pathologically optimistic” at the 2024 annual shareholder meeting in Austin, Texas, …
McDonald’s $5 value meal will run for roughly a month, beginning on June 25. The offering will include four items — a McChicken or McDouble, four piece chicken nuggets, fries and a drink. The monthlong promotion comes at a time when restaurants are finally beginning to feel a long-anticipated consumer pullback. McDonald’s is set to …
The precipitous decline in the value of a prominent Class A office tower, 750 Lexington in NYC, sends shockwaves through the commercial real estate sector, with Morningstar reporting an alarming 83% decrease in valuation since 2015. The transfer of a $130M loan tied to the building into special servicing due to default further exacerbates concerns …
(Bloomberg) — A Chinese cement producer was in the spotlight after it suspended stock trading Wednesday, following a selloff that nearly wiped out all its market value in the final 15 minutes of the previous session. China Tianrui Group Cement Co. said trading in its Hong Kong-listed shares has been halted from 9 a.m. local …
by TonyLiberty If Nike sneakers are damaged you can get a new pair for free, without a receipt, within 2 years of purchase. Nike will either give you a brand-new pair or a gift card of the same value. Nike’s return policy allows you to return sneakers or apparel within 2 years of the manufacture …
Low beta and value includes sectors like energy, materials, mining, insurance… h/t mrmrmrj
BlackRock CEO says Bitcoin is "digital gold and a great long-term store of value." pic.twitter.com/TFRRz5MJUv — Citizen Free Press (@CitizenFreePres) March 9, 2024 Crypto is CREEPY. So hey listen, I have this thing you can't touch & can't see but it is worth$4000 but I will sell it to you for $3000. Well where did you …
He is not wrong on this. Just because the banks still have a lot of power and are able to manipulate the price of PMs and people’s perception about them, doesn’t mean he is wrong. People are so dumb, they don’t understand history of money and bubbles. Every now and then a bubble of something …
The timing couldn’t be worse for Donald Trump as he faces the prospect of having to sell property to cover a massive verdict against him. The former president said in a court filing Wednesday he may soon need “to raise capital under exigent circumstances” to push ahead with an appeal of New York state’s $454 …
BuzzFeed and Vice Media, two onetime darlings of digital media that have shrunk in size and relevance in recent years, are likely to get even smaller. BuzzFeed, whose stock has lost more than 97% of its value since the company went public in 2021, is looking to sell its food sites, Tasty and First We …
Bitcoin and other cryptos are so volatile and hard to value that buying them is closer to gambling than investing, David Rosenberg says. Stocks are a claim on a company’s future cash flows, bonds and savings accounts pay out interest, while commodities have industrial uses and demand for them can be modeled using economic data, …
Backed by 0.Transferring 0.Yielding 0.= Speculation — Production Function (@Piper561) January 14, 2024
via naturalnews: There is a case before the Supreme Court right now that, depending on the direction it takes, could allow the Internal Revenue Service (IRS) to begin taxing unrealized capital gains in addition to realized capital gains. Moore v. the United States technically deals with a different issue involving a couple that was taxed by the IRS for unrealized gains overseas. It …
by confoundedinterest17 The US housing market is goin’ down! While the Case-Shiller National home price index is rising again, it has been slowing since March 2022. This is happening as “the honey pot” (aka, M2 Money printing) growth is now negative. While real hourly compensation growth is slightly, the average rate of growth since April …
Gold is now outperforming the S&P 500 this year pic.twitter.com/GI2yMt8vcv — Barchart (@Barchart) October 27, 2023 U.S. stocks have lost -$4.5 trillion in value since the July peak. That's the equivalent of three Googles. pic.twitter.com/UjothrbzV1 — Hedgeye (@Hedgeye) October 26, 2023 $AAPL Apple closes below its 200 SMA for the first time since early March. …
One of San Francisco’s largest apartment buildings has lost half its value in five years as the Bay Area has struggled with occupancy issues amid a surge in crime, homelessness and effects of the COVID pandemic. NEMA, the 754-unit apartment building that was once valued at $543.6million in 2018, has seen its valued halved to …
The last thing we need right now is a trade war. Taming inflation with skyrocketing energy prices and geopolitical conflicts is already hard enough. Unfortunately, we are taking 1 step forward and 2 steps back. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 17, 2023 BREAKING: The …
In 2017, at a time of negative interest in the Eurozone, Austria re-financed some of its debt with a 100-year bond with 2,1% interest and quite a few institutions bought it. Seems like it was a good deal for Austria’s treasury, but whoever owns that thing is in trouble. With my luck, it was probably …
GAETZ: "We are devaluing American money so rapidly that in America today, you can’t even bribe Democrat Senators with cash alone! You need to bring gold bars to get the job done, just so that the bribes hold value!" pic.twitter.com/EJzk50sTAz — Townhall.com (@townhallcom) September 27, 2023 The people running our country are weakening it, on …
The significant decline in the market value of Treasury notes, bonds, and mortgage-backed securities, which make up over 80% of the Federal Reserve’s balance sheet, could potentially reduce the Fed’s assets by about $1 trillion, surpassing the impact of their QT policy. This would essentially bring their balance sheet back to 2020 levels, indicating the …
by TonyLiberty Disney $DIS is facing a bunch of challenges that have caused its stock to plummet, and its market value to decline by over $200 Billion: 1) Declining Disney+ subscribers 2) Ongoing Hollywood strike 3) Fee dispute with the second-largest cable company Netflix $NFLX has seen a 50% surge in its shares this year …
by Simian_Stacker The vulnerable ones go first, and then it spreads. ” Mr Lincoln said “all industries are represented” but the failure rate was particularly concentrated in start-ups and tech companies. ” Warning issued that 75% of all ASX-listed companies at risk of collapse Australian investors are facing a “nightmare” scenario as more than 75 …
China Evergrande Group lost $2.2 billion, or 79% of its market value, on Monday after its shares resumed trading in a crucial step for the world’s most indebted property firm to restructure its offshore debt. Evergrande is at the centre of a crisis in China’s property sector that has seen a string of debt defaults …
Due to the way options are reported, this is a common misconception. Calculated portfolio weighting for options is incorrect because nominal value is reported. Nominal value is calculated as "the number of option contracts" × 100 × "the value of the underlying security." 2/6 pic.twitter.com/6nxCuBDDtK — The Kobeissi Letter (@KobeissiLetter) August 14, 2023 However, in …
by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 Zooming in: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor: July 2022 purchasing power of $100 in January 2000: 57.1 (down -3.33% in purchasing power in the last year!) July 2021 purchasing power of $100 in January 2000: …
