GBA Presents: RADIO SAVANT-!


Fears of a U.S. recession in 2022 are overblown: Goldman Sachs and stonedinvestor



Goldman Sachs, which previously estimated that there was a 35% chance of a recession within two years, is reiterating that a recession in the U.S. is not inevitable despite what stocks say.

"While our growth forecast has long been below consensus, we believe fears of declining economic activity this year will prove overblown unless new negative shocks materialize," Goldman Sachs Chief Economist Jan Hatzius wrote in a note to clients.

Hatzius forecasts second quarter U.S. GDP growth of 2.8%, and stonedinvestor expects a positive 1.9% an improvement from a 1.5% decline in the first quarter, followed by GDP averaging 1.6% growth over the ensuing four quarters and no recession.

"Despite the market narrative of declining business activity and sharply lower management confidence," Hatzius added, "the activity measures of the surveys available for April and May indicate a deceleration rather than a collapse."
 
Cramer keeps subtlety mentioning FWONK in reference to other things.
I know how ol Jimbo works.
He's planting the seeds.

Where's Kernan?
He must be on vacation.
Watch, he'll come back and bitch about airfares. :thumbsup:
 
I never realized Andrew created/wrote the show Billions. Or co-wrote.
That's pretty impressive.
The mans got talent.

Stoney I don't know how you can watch that old Orville Redenbacker lookin dude with the bow tie on Bloomberg over Joe, Andrew, Becky, and Bryan(5 AM)

CNBC has a great cast. They really do.
Hard to believe it belongs to NBC.
How much do you think Cramer gets paid Stoney?
 
Euphoria's in the air.
"All's well"
Need to redraw some lines on the charts I guess.
Can't fight the herd.

Let me check on oil.
Oil controls all at this point.
I'm not buying the mantra just yet.
These yoyo's are whistling by the graveyard.
All upside positions should be hedged to the downside.
 
Ramen noodle chain Yoshiharu updates terms for proposed $17M IPO
May 31, 2022 2:40 PM ETYOSH
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Ramen noodle restaurant chain Yoshiharu Global (YOSH) has updated terms for its proposed $17M initial public offering.

The California-based Japanese food restaurant group said it now plans to offer 3.8M Class A common shares priced between $4 and $5 apiece, which would raise approximately $17M if priced at the midpoint.

Underwriters would be given a 45-day option to buy up to 563K additional shares at the IPO price. EF Hutton is serving as lead bookrunner.

Yoshiharu said that after the transaction, approximately 74.4% of the voting power for its common stock would be controlled by its chief executive officer, James Chae. As a result, Chae would be able to determine all matters requiring shareholder approval.

The company currently operates seven restaurants in California, with about ten more under construction or slated to open in 2022. The chain is also plans to rollout a franchising program. For 2021, Yoshiharu reported a net loss of $1.6M on revenue of $6.5M.

The IPO terms are slightly downsized from an earlier filing, which proposed 4M units priced between $4 and $5, raising around $18M if priced at the midpoint.


EF HUTTON!
 
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