January 22, 2018

Everex / EVX – Remittance and Micro-Loans in The Developing World

Remittances, payments, expats, and micro-credit can all benefit from Everex!

Buy Everex on Binance – https://www.binance.com/?ref=10192350

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BTC — 1PDmGdhHrPnJSxoBDTSSVGrvpXvfWWFDz2
LTC — LguhPERjTXenBqe5gjaKgJn9CHZmP4AJKw
Dash — XfKcrjBEYyWypNLgZzPtQvwfWWAG9MaZAr
NEM — NBRQ2T-I5IYFD-V7RGL4-R3LYIQ-BBO4Z6-ESFGC5-MCLD
NAV – Nbouc8cE38LQTMcnAb7oa7J8rqjKrNcxcY
PIVX – DGpxDCjbj6gPChcAi56qXM24qVrCWHpKu8
Ethereum — 0x18BC5a79872115d9b774233A2011b10Ab302Ad24
ANY ERC-20 Tokens (I.E. PAY or OMG) 0x468cB54a3821d8b0129C42Ea6ADf12748d97fD98

Disclaimer: Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money!

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April 20, 2017

This Vicious Cycle is What Bedevils the US Economy

wolfstreet.com / by Wolf Richter / Apr 20, 2017

Railroads slash capital spending, and CSX digs deeper, after two years of Freight Recession.

CSX reported quarterly earnings on Wednesday. Revenues increased 9.5% from the terrible quarter a year ago, which had been the worst quarter in terms of revenues since Q1 2010! So it’s no big feat to beat last year’s fiasco quarter. At $2.87 billion in Q1 2017, revenues are sill 5.3% lower than they’d been in Q1 2015. This time, moribund coal shipments had increased.

Since March, there’s a new guy at the throttle. Hunter Harrison is known as a cost cutter. And that was the theme of the earnings announcement. The railroad said that it plans to cut costs further. It had already slashed its capital spending plans for 2017 by 18% to $2.2 billion. Now more cuts for 2017 are likely.

Wall Street loves that – without considering the broader ramifications: Cuts in capital spending turn into lower revenues for their suppliers. But CSX isn’t the only one.