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Movie Theater Business Isn’t Going Back to Normal: Disney CEO
by Wolf Richter on March 3, 2021
Are multiplex theaters even viable in the era of streaming and affordable big screen TVs, if studios crush the "theatrical window?"
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How Hard Did the Winter Storm Slam the Economies in Texas, Other Areas? This Index, Designed to Track the Pandemic Recovery, Shows How Hard
by Wolf Richter on March 2, 2021
Nationally, visits to "places of commerce" remained anemic. Houston, Dallas, Austin, San Antonio, and Nashville, which had been near the top, plunged to the bottom.
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Looking on the Bright Side of Brexit, 60 Days In
by Nick Corbishley on March 1, 2021
The hard Brexit has compounded pressures on many UK industries, but some key positives have started to emerge.
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A TITANIC INDICATOR FOR GOLD’S RAPIDLY RISING FUTURE
by Matthew Piepenburg on March 1, 2021
I’ve often joked that fretting over delusional price moves in individual stock names in a market Twilight Zone is akin to fretting over the desert choices on the Titanic’s dinner menu. Read more...
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The Big “Buy & Hype” Bitcoin Casino
by Wolf Richter on February 28, 2021
Bitcoin was trading at $57,000 when I posted the podcast last Sunday. Now, as I’m posting the transcript of the podcast, bitcoin is trading at $46,000, which makes one of my points.
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Treasury Market Had a Cow, Mortgage Rates Jumped, Wall Street Crybabies Clamored for Help, But the Fed Smiled Satisfied Upon its Creation
by Wolf Richter on February 28, 2021
Junk bonds still in la-la-land as investors chase yield – risks be damned.
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Just Don’t Expect “Pent-up Demand” from Consumers. Here’s Why
by Wolf Richter on February 27, 2021
Free money whipped consumers into a rollicking eight-month splurge on goods. There's nothing "pent up." And services are not a shoo-in for "pent-up demand."
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A GOLDEN INDICATOR WORTH KNOWING
by Egon von Greyerz on February 26, 2021
In this 16-minnute MAMChat, MAM executives Egon von Greyerz and Matthew Piepenburg discuss the critical relationship between rising gold prices and negative real ( inflation-adjusted) yields. Throughout the 20th century, whenever the rate of CPI […]
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Fed’s QE: Assets Hit $7.6 Trillion. Long-Term Treasury Yields Spike Nevertheless, Wall Street Crybabies Squeal for More QE
by Wolf Richter on February 26, 2021
From crisis to crisis, and even when there’s no crisis.
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More Shifts in the Year of the Plague: Driving Plunged even as Mass Transit Ridership Collapsed
by Wolf Richter on February 26, 2021
"L-shaped recovery" for mass transit. Per person, vehicle miles were already in long-term decline since 2003. Than came 2020.
MESSAGE FROM THE CIRCUS:
To read too many books is harmful
– Chairman Mao