Summary: Blue Apron Holdings IPO The Blue Apron Holdings IPO today is reminiscent of the dot com boom. The market is saying the 5-year old company is worth close to $2 billion. This IPO represents a “down round” which may occur after a company suffers a decline in valuation after it has received initial rounds […]
Blue Apron: All That’s Missing is the Sock Puppet – Ep. 263 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital Those who claim that the Senate Republican proposal to replace Obamacare will kick millions of people out from health insurance coverage are dead wrong. Yes, it will cause the number of insured people to decline, but that will happen because millions of healthy individuals will be incentivized
Republicans Craft the Next Great Healthcare Failure Read More »
Summary: Once again the solution doesn’t work. As with the Democrats’ solution, the penalties are too low. In both the House and the Senate, trying to force people to buy insurance won’t work because the penalty for not buying insurance is not stiff enough. The reason they aren’t doing that is, politically, it is a
Republican Replacement Won’t Fix ObamaCare – Ep. 262 Read More »
Summary: Let the SS ObamaCare Ship Sink The Republicans in the Senate finally unveiled their version of ObamaCare Repeal & Replace. It’s very heavy on replace, but there really isn’t any repeal. They are replacing it with something that may even be worse. Regardless, we still should let the ObamaCare ship sink while it’s called
Senate Plan Makes ObamaCare Worse – Ep. 261 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital All of a sudden the Fed got a little tougher. Perhaps the success of the hit movie Wonder Woman has inspired Fed Chairwoman Janet Yellen to discard her prior timidity to show us how much monetary muscle she can flex when the time comes for action.
Here Comes Quantitative Tightening Read More »
Summary: Every tax cut is temporary. Ryan’s premise that we can’t get the stimulus we need without a permanent tax cut is complete nonsense. Congress has no idea what the budget’s going to be next year, let alone 10 years from now. The only budget that really counts, and even then they can’t get it
All Tax Cuts Are Temporary – Ep. 260 Read More »
Summary: Amazon Buys Whole Foods The Dow was up today; mainly on the surprise announcement that Amazon, the king of on-line retailing, is buying Whole Foods. In a labor market significantly altered by ObamaCare-style government intervention, this news could signal further changes to the labor market. Retail has experienced a steady decline, and this move
Government, Not Amazon Putting Cashiers Out of Work – Ep. 259 Read More »
Summary Quantitative Tightening Ahead: The Federal Reserve came out with a surprisingly hawkish rate hike today, announcing plans to shrink the balance sheet by $50 billion per month. This would mean an annualized rate of $600 billion per year in new treasuries to hit the market. This does not take into consideration existing budget deficits or
Hawkish Hike May Backfire on Fed – Ep. 258 Read More »
Summary: In Puerto Rico’s recently held non-binding referendum on statehood, just 23% of the eligible voters who actually voted overwhelmingly chose statehood. This would mean that Puerto Rico would keep its current debt and take on the $20 trillion U.S. national debt. This would offer the moral hazard of offering Puerto Ricans additional welfare benefits.
Statehood Would Be a Step Down for Puerto Rico – Ep. 257 Read More »
Summary: Friday’s Tech Wreck continued today, some stocks making key technical reversals. The crypto currencies, also experienced volatility as Bitcoin seems to be losing some of its market share to other competing crypto currencies, but volatility remains a key component of the market. Volatility may be exacerbated by Wednesday’s anticipated Federal Reserve rate hike. Friday’s
Volatility Rises as Fed Readies Another Rate Hike Ep. 256 Read More »