Like a nagging case of "pneumonia" that brings with it random, yet inevitable, bouts of full-body paralysis, the rumors/threats of Hillary tossing her hat in the ring for the New York City Mayoral race simply won't go away.
Just one day after the bitter mainstreamers at ABC/WaPo and CNN used their "oversamples" of Democrats to rig polls showing an unprecedented unfavorable rating of the incoming President-elect, those same outlets have used those same methodologies to engineer stellar approval ratings for Obama in new polls out today...shocking.
"[Rogoff] has the audacity to say that people should not look at their short-term personal losses, but rather look at the long-term vision of the central banks. He is such an elitist. I cannot find words appropriate to describe how this academic, who has zero experience in the real world, is incapable of comprehending that his Marxist style intervention is creating the next crisis."
"I want to be loud and clear: populism scares me... policy makers need to 'man-up' and pay for the social cohesion that we need to keep our societies advancing... it probably means more redistribution than we have in place at the moment and accept that this may be a higher tax burden on people..."
The FBI and five other law enforcement and intelligence agencies have collaborated for months in an investigation into Russian attempts to influence the November election, including whether money from the Kremlin covertly aided President-elect Donald Trump.
China dumped a whopping $66.4 billion in US Treasuries in its 6th consecutive monthly sale of US paper, and the biggest monthly selloff since December 2011. The monthly sale also brings China's total Treasury holdings to the lowest level since early 2010.
Want to know why US stocks feel so fragile?Perhaps we can blame Wall Street analysts. Even after two months of market buzz about lower taxes, infrastructure spending and less regulation juicing investor expectations for better earnings growth, they refuse to bump their revenue or earnings estimates for 2017.
Following last week's surge in crude and product inventories, API reported a much bigger than expected drawdown in crude inventories ( versus -1mm expectations). While this spiked WTO prices, they fell back amid massive builds in gasoline (9.75mm) and distillates.
Forget the negative cash-flow, forget the ongoing and rising cost of content, and forget the fact that Netflix slashed its domestic subscriber growth expectations; buy-the-f##king-record-high because earnings and revenues met expectations but international subscriber growth soared.
Less than two days before Donald Trump is inaugurated as the 45th president of the United States, Fed chair Janet Yellen takes to the stage at the Commonwealth Club of San Francisco to explain (after all these years), what "the goals of monetary policy are... and how we pursue them." We can't wait to hear how increasing asset prices to untenable levels, depriving savers of income, and driving the largest wedge between rich and poor since the great depression have been part of the solution...
Today we got the first confirmation that the latest Chinese housing bubble has finally popped, as housing prices across the 70 cities were up 12.7% Y/Y, below the 12.9% annual growth rate in November. This was the first moderation in year-over-year housing price growth after 19 months of continued acceleration.
In the very definition of 'irony', The FTC is preparing to file charges against Irish drug maker Mallinckrodt for allegedly using its monopoly to jack up the price of a drug used to treat lupus and multiple sclerosis by 2165%, after none other than Martin Shkreli filed suit. MNK is halted, limit down at its lowest price since Nov 2013...
The Fed's latest beige book, perhaps the most boring report released by the Federal Reserve, found 10 of the 12 Fed districts growing at the now ubiquitous "modest or moderate pace" with Cleveland growing only slightly and New York reporting little change for the fourth period in a row. However, despite stagnant growth, margin pressures are building as input prices are rising faster than final goods prices.