Economic Outlook

Trucking & Rail Shipments Sink as US Goods-Based Sector Slows

It has become a cacophony across earnings reports by trucking companies and railroads: Shipment volumes are declining, and revenues are propped up by higher freight rates, but now freight rates are coming under pressure too, as companies are getting more aggressive to pick up shipments. The latest two to report were YRC Worldwide, one of the largest truckers in the US, and BNSF Railway. Before them, it was J.B. Hunt and others….CLICK for complete article

Market Sentiment At Its Lowest In 10 Months

Before we get to looking at those three charts, let’s talk about the trade war. On Friday the Trump administration made good on its threat to raise tariffs on as much as $200 billion worth of Chinese imports to 25 percent from the previous 10 percent. The president also said that a decision could be made soon on whether to impose the same 25 percent rate on an additional $325 billion of Chinese goods, which, all told, would cover approximately the total amount of goods the U.S. imported from China in 2018….CLICK for complete article

Are You Prepared For The Melt-Down?

A recession is coming, that much we should all be able to agree on. Sure, we can debate the exact timing, but the reality is the global economy is going to have a significant melt-down soon.  And when the economy falls into a recession the stock markets go down with it. It may be starting today, or start next week, or not until next year, but make no mistake, it is coming.

Not only are we sure it is coming, we are convinced that the next recession will be much deeper and far more caustic than previous recessions. We say this because the next recession will be truly global. We believe that the coming recession will make the 2007–2009 period seem like a cake walk…..CLICK for complete article

Did You Write Your Bitcoin Obituary In Time?

The market capitalization of crypto is 300% higher now than it was two years ago this date. Among the biggest changes from two years ago is Bitcoin (BTC) dominance over the sector, down from 85% (January 2017) to circling around 50% today. This change is mostly traceable to the rise of specialized tokens filling various market needs, something very few could have predicted 5 years ago….CLICK for complete article

Lyft Posts Strong Growth, Big Losses in First Public Quarter

The ride-hailing company posted revenue of $776 million during the first quarter of 2019, nearly doubling the amount it made the same time last year. Their revenues beat expectations of analysts polled by FactSet, who were expecting $740 million.

But the San Francisco-based company lost $1.1 billion in its first public quarter, primarily because it paid out $894 million in stock-based compensation and related payroll taxes during its initial public offering….CLICK for complete article