Finance BBS

    • 1/3 of adult Americans have no bank account!
      Don't worry. Now that the GOP controls Congress and Trump is in the White House, look for them to pass some pro consumer legislation.

      We just have to get rid of that pesky Consumer Financial Protection Bureau first.
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  • Hans JrX
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  • Optimistic Dude
    • Im gonna fuck my aunt again. My parents are going to the hospital sho shes gonna come over and watch me.
      [quote]..[/quote]

      This fine specimen appears to be in public housing (section 8). The many years of being rode hard and put up wet has took a toll on her. If she'd had as many pricks sticking out of her as has been stuck in her she'd look like a porcupine, by the trashy tattoo's those were most likely black pricks poking her. With that said, if any of you gentlemen want to get in on the action, it appears the landlord/property maintenance/power company wrote her phone number on the meter base if anyone wants to try and track her down.
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  • .
    • BofA: $2 Trillion YTD In Central Bank Liquidity Is Why Stocks Are At Record Highs.
      One week ago, in his weekly "flow report", BofA's Michael Hartnett looked at the "Disconnect Myth" between rising stocks and sliding yields and succinctly said that there is "no disconnect between stocks & bonds."

      Why? The reason for low yields and high stocks was simple: trillions in central bank intervention. The result is an era of lower yields & higher stocks, or as the chart shows, an era in which the alligator jaws of death are just waiting for their moment to shine.

      https://i.imgur.com/IQBUXk0.jpg

      Liquidity Supernova: central bank liquidity up $2.0tn YTD to $15.6tn = the catalyst for $7.0tn YTD jump in global equity market cap + lower bond yields.

      [continued]
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  • QuenceX
    • Lego is fucked! Jacked up prices, but now laying
      tards off!

      https://finance.yahoo.com/news/lego-t-save-1-400-123300190.html

      Danish toy maker Lego said Tuesday it will cut roughly 8% of its global workforce, or about 1,400 jobs, as sales sagged despite the apparent success of its "Batman" and "Star Wars" partnerships.

      The privately held firm said Tuesday that it "now prepares to reset the company," with a new CEO due to take over in October with the task of simplifying the business after years of high growth and expansion into new ventures like film.

      [continued]
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  • TrollsteinX
    • Stock of SnapChat's parent company getting slaughtered in premarket trading
      https://finance.yahoo.com/news/snap-will-keep-getting-copied-crushed-115513219.html

      Snap's second-ever earnings report as a public company was expected to be bad, and it ended up being even worse. The numbers reflect the major long-term problems that Snap (SNAP) faces.

      The chat company missed analysts' expectations on revenue ($181.7 million vs. $186.2 million expected), earnings (it lost 16 cents per share, which was more than the 14 cents expected) and, most troublingly for its future, daily active users (it clocked 173 million vs. 175.2 million expected). Snap shares went off a cliff on the news, falling 16%, almost down to half of its $17 IPO price.

      It is difficult to make a bull case for this company right now.

      [continued]
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  • Bloomberg BoiX
    • New US Subprime Fiasco, Same Old Sins:_Auto Loan Defaults are Soaring
      It's classic subprime: hasty loans, rapid defaults, and, at times, outright fraud. Only this isn't the U.S. housing market circa 2007. It's the U.S. auto industry circa 2017.

      A decade after the mortgage debacle, the financial industry has embraced another type of subprime debt: auto loans. And, like last time, the risks are spreading as they're bundled into securities for investors worldwide.

      Subprime car loans have been around for ages, and no one is suggesting they'll unleash the next crisis. But since the Great Recession, business has exploded. In 2009, $2.5 billion of new subprime auto bonds were sold. In 2016, $26 billion were, topping average pre-crisis levels, according to Wells Fargo & Co.

      http://i.spanky.cloud/0sKBHYz.png

      [continued]
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  • QuenceX
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