Bond bull Gundlach U-turns, goes “maximum negative” on Treasuries
Stock investors have entered a “world of uber complacency,” Jeffrey Gundlach, CEO of DoubleLine Capital in Los Angeles, explained – we assume with some bafflement.
On Friday, the S&P 500 hit another all-time high, after it was reported that the US economy grew at a painfully slow rate of 1.2% annualized in the second quarter, after a first quarter of 0.8% growth, which produced a first-half growth of 0.9% annualized, the worst in four years.
Even “adjusted” ex-bad-items earnings of S&P 500 companies have declined on a year-over-year basis for four quarters in a row. Total business sales in the US have declined since mid-2014. Defaults of companies rated by Standard & Poor’s have jumped to the highest level since the Financial Crisis. Overall business bankruptcies are soaring. Yet, stocks march higher.
Can't wait to see the bubbles burst...
You’ve probably heard of foods that reduce risk of cancer. Well, as you would expect, there are others that increase risk of cancer. Sadly, the intake of these foods is increasing day by day. Here are some of the cancer causing foods you should avoid.
1. Microwave popcorn
This convenient healthy snack seems harmless, doesn’t it? The truth is, the popcorn itself is not the problem but the bag it’s packed in. These bags are lined with a chemical called perfluorooctanoic acid (PFOA). And one study found that PFOA caused infertility in women.
2. Processed meats
Processed meats such as bacon, sausages, hot dogs and so on, can cause serious health problems if eaten long term. A recent study found that people who ate 160+ grams of processed meat every day had a 44 percent higher chance of dying in the next 12 years.