Thursday, 27 April 2017

Rundown of some of the apocalyptic news.

Well it's all happening, the new moon has not disappointed, (I will not be linking these articles because I have not read all the way through them but I will just summarise the titles):

Zerohedge: Trump Calls Schumer's Bluff: "If There's A Shutdown, There's A Shutdown... Democrats Would Be To Blame"

If a deal is not agreed by Friday at midnight the government will shut down on Saturday, and if it is still not resolved the markets will hit the wall Monday.

Zerohedge: Congress Refers Hillary's Private Server Company To DOJ For Prosecution
"This is atypical. There were absolutely zero negotiations, there was no willingness on their part to discuss whether any information they would provide would satisfy the committee's request. It was just the company, with council, refusing to discuss the matter.
They really think they are above the law huh?

This following one is the same old fear mongering and is one I take with more than a pinch of salt, nevertheless, here is the headline:

Zerohedge: Trump Warns There Is A Chance Of "A Major, Major Conflict" With North Korea
While emoting sympathy for Kim Jong Un's situation, President Trump told Reuters that he'd "love to solve things diplomatically," but warned that "there is a chance that we could end up having a major, major conflict with North Korea."
The UK general election is very much waiting on the French one or a deliberation of how Eurosceptic it's going to be.

Another interesting article I have just read is this one that summarises that many companies are losing money all the time but still having their stocks trade at the level of billions:

The Economic Collapse Blog: Have We Just Reached Peak Stock Market Absurdity?
But even though Netflix is losing money at a pace that is exceedingly difficult to imagine, investors absolutely love the company. 
I just checked, and at this moment Netflix has a market cap of 68.4 billion dollars. 
Sometimes I just want to scream because of the absurdity of it all. 
Companies that are losing hundreds of millions of dollars a year at the peak of their popularity should not be worth billions of dollars.

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