Category:News
The Real March Madness is here: yield curve inverts, massively
As of this morning, 10-year treasury yields hit 0.75, down a whopping 20% in a single day and far, far away from the current 1 – 1.25% rate even after the recent Fed rate cut.
There isn’t much room left before it hits negative rates, and all the markets appear to have nowhere to go but down. Welcome back to 2008, but this time with much bigger bubbles … Read more
How’s that “social media” working out for you? Survey says millennials the loneliest generation
The generation that grew up with smartphones and so-called “social media” are most likely to respond that they feel lonely.
No surprise there.
Despite overwhelming evidence from psychological studies and plain old common sense that says Facebook, Twitter, Instagram and SnapChat are bad for you psychologically, people still cling to the n… Read more
If you are tired of using politically partisan platforms, a reminder of the list of alternatives
In light of the recent showcasing of Alphabet’s political partisanship (a search engine I will not name directly to avoid getting unfairly punished more via their corrupt ranking “algorithms”), and the overall collusion of big tech companies siding with radical, communist ideologues, this post is just a reminder of all the alternat… Read more
The new 2019 Lotto Max payout scheme: more ways to lose money!
Before I even updated my Lotto Max Calculator with the new payouts, I knew right away the OLG wanted to accomplish two things with their changes to Lotto Max:
- Multiple draws per week, slightly more (but more difficult) ways to win non-jackpot prizes will allow them to say “more ways to win!” as well as …
- “Bigger jackpots!” whi
A quick review of my technology (FANG+T) market predictions
About four months ago, I made a prediction that Netflix (NFLX) was about to replicate the cryptocurrency curve in terms of valuation, or more appropriately, overvaluation:
… Read moreMy estimate for BTC’s value is close to $0 (but not exactly $0). NFLX on the other hand at least produces something not easily replicable, so while it may not be valued close to $0,
Goldman Sachs sets the Netflix trap
The pump-and-dump is on.
Back when BitCoin and other cryptocurrencies were ascending to unprecedented and irrational highs, I churned out article after article detailing all the analysis from first principles why the real valuation of cryptos is zero, and not $20,000/BTC.
I started writing about the cryptocurrency bubble when BTC was hovering around $… Read more
The Yanny/Laurel “debate” is a sign of the times
Another inanity sweeps the world. Another vacuous Tweet makes international headlines.
The Yanny/Laurel “debate” is surely a sign of the times we live in.
It is a “debate” devoid of nuance, encouraging more us vs. them mentality than independent and critical thought. Everyone is ready to jump into the fray, picking sides and st… Read more
Netflix jumps quarterly always on subscriber numbers, but never on profitability and sustainability
The pack leader in this debt-driven bubble, Netflix, made another 8% leap today with glowing media reports everywhere noting that subscriber growth beat analyst estimates in the latest earnings report.
If there’s any indicator big enough saying how much risky speculation is fueling this stock market, it is today’s wall-to-wall media co… Read more
Thursday Thoughts: more reasons not to fully trust technology with your life
Add Panera Bread to the growing list of companies that can’t even secure your basic personal data
Joining Equifax, Uber, FedEx, DHS, Saks Fifth Avenue, and more, Panera was found to be negligent of its customers’ data, leaving full names, e-mails, home addresses, phone numbers and credit card information exposed in plain text off of its websi… Read more
Canadian Housing Bubble: Toronto sales down 40% YOY in March
Has a correction arrived and about to reverse course, or is the bubble just now feeling the pressure of the pin?
Let’s translate the numbers that came out from the Toronto Real Estate Board, a report that should be taken with a grain of salt considering the conflict of interest they have in reporting the truth:
… Read moreTORONTO — Canada’s largest real estate