RECAP!

What is the next frontier? James speaks on the lessons of trading through a recession.

When you go long, stay in your long. 

And America and China agree to some feeble truce. America promises no new tariffs, while China promises to buy US farm goods.

And the NBA accidentally tracks into the dumpster zone, after Daryl Morey lends twitter support to the protesters in Hong Kong.

On MACROECONOMICS CORNER:

We tell the history of the last 4 recessions to help us understand risk. 

In the BUSINESSES:

Peloton tanks in it's opening foray into the public markets. Surely this is a fad.

And let us add it to the ranks of the fallen among new IPOs: LYFT, UBER, SLACK.

The lesson? Stay away from immediate openings. And feast after they crash.

WeWork jettisons Adam Neumann as CEO and his retainers, finally realizing that his gun-slinging antics were the stuff of fraud. We nailed it.

But was there anything to his idea about the future of work. 

In the BUSINESSES:

We discuss the doom of Apple, in celebration of the iPhone 11 release. 

Also, we continue to be ahead of our time. Malcolm Gladwell proposed the following solution to the player empowerment era...player equity stakes in partnerships. 

Did he listen to our podcast about the NFL going public?

James Lin returns to the studio, which is a room in my house, to take a victory lap on Deutsche Bank. 

He also weighs in on how the US-China trade war works, informing us that China cannot be beaten.

Finally he praises our foresight on the clownery of WeWork.

Robert goes risk off in preparation for the FED meeting next week.

And I beg the question. What is a leveraged ETF? 

In BUSINESS NEWS:

WEWORK's valuation takes a bath, as the world realizes that Adam Neumann is no more than a beautiful con-artist.

ZOOM VIDEO gets pummeled for now good reason despite delightful financial performance. 

And SLACK hits the struggle road much to Greg's chagrin. But he's sticking with it.

In SPORTS:

We explore the merits of an NFL IPO, and how it might ultimately solve the great CTE crisis that looms like a storm cloud over the land.

On MACROECONOMICS CORNER:

We explore the mysteries of Presidential power to impose tariffs on the Chinese, or any theoretical country, asking why when the Donald tweets the market reacts strongly to quite strongly.

Before the Donald, we knew that the president had the power to deploy the entire nuclear arsenal without permission. What we didn't know is that he actually exercises  real power over the economy.

#1 How does the president have the power to impose tariffs? 

#2 Do you agree with the Donald?

#3 If you were trying to dunk on the Chinese, how would do it? We explore the following hair-brained tactics:

#1 Soy bean embargo
#2 Interest rate chicanery
#3 Extreme Cyber warfare
#4 The Brain-drain Tourism Board leading to
#5 Political subversion

On MACROECONOMICS CORNER:

The Recession looms heavy on the horizon, as the market nets a loss this week. Doom unto the economy. 

In the BUSINESSES: 

We explore the fascinating chicanery of WeWork, aka The We Company, which proved itself to be an utter fraud this week with its IPO filing. Evidently the entire operation is a wealth shelter for Adam Neumann and his wife. Somehow valued at $47B on revenue of $400M, we now know that start-up darlings can be conjured out of thin air. 

We also discuss the glut of box companies in the world, and whether or not they will stand the test of time, or merely leave their soapy detritus across the land in the years to come. 

On MACROECONOMICS CORNER:

The market took a dump this week as the US-CHINA trade machinations carry on and the Yuan leaks value. But as James pointed out, the elites are probably looking for a reason to go risk off after earnings and Jear Bear's rate cut announcement last week.

What does it all mean? The Great Oil Crisis of 2020 is in serious jeopardy because the broader economy is also faltering. 

The International Energy Agency cut their oil demand forecast for the 3rd time in 4 months, citing a probable recession stoked by CHINA trade. 

More evidence to the recession, the yield curve inversion reached strong to quite strong proportions this week. 

In the BUSINESSES: 

And we make the case for why UBER and BEYOND MEAT might be the companies of the future, fully contradicting ourselves. Even though UBER posted an astounding $5B loss on the recognition of stock based compensation in 2Q, it might the be the steal of a lifetime. 

PLUS:

KRAFT HEINZ fell out of the bed, after shitting the bed, taking more impairment on its ketchup - macaroni conglomerate.

SAUDI ARAMCO considers going public in 2020. How does this bode for global oil dynamics, but more importantly, money-making?

ROKU posts strong earnings on revenue growth in boxes and advertising. And now boasts it owns 55% of all streaming hours. Are we missing the boat?  

On MACROECONOMICS CORNER:

James Lin returns so we can bash on JEROME "JERRY" / "JEAR BEAR" POWELL once more and wax on about the state of the global economy

But more importantly, he has a notion on how to profit from the FED's tomfoolery. And so a new degenerate trade-craft is born.

In the BUSINESSES:

Robert explains why BEYOND MEAT's valuation is a travesty. 

And Greg adds more CEOs to our pioneering Value over Sock (VOS) calculation.