• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

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Hillary Clinton To Face FBI Interview Within Weeks, CBS Reports

A source has confirmed that Hillary Clinton will be interviewed by the FBI within the coming weeks, in connection with the investigation into her private email server. As reported last night, Hillary's top aide, Huma Abedin was interviewed by the FBI at its Washington field office in April.


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"The High Yield Bond Rally Won't Last" BofAML's 9 Reasons To Sell Any Strength In Junk

BofAML's Mike Cantopoulos' distaste for corporate fundamentals, displeasure with the efficacy of QE and easy monetary policy on spurring growth and inflation, and concerns that a further deterioration in credit conditions will create deeper economic troubles not appreciated by many have left credit markets with poor default adjusted valuations and little room to absorb a negative shock. He highlights nine key reasons below why BofAML believes this rally won't last (and in fact may have already seen its end).


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California Fault Lines Are "Locked, Loaded, & Ready" For The Big One, Expert Warns

The San Andreas fault is one of California's most dangerous. While the last big earthquake to strike the southern San Andreas was in 1857, as LA Times reports Thomas Jordan, director of the Southern California Earthquake Center, explained this week "the springs on the San Andreas system have been wound very, very tight. And the southern San Andreas fault, in particular, looks like it’s locked, loaded and ready to go."


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Good News For Working 'Retirees' - Wal-Mart Reintroduces "The Greeter"

With record numbers of older workers in the workforce, as the beach/sunset/walks-in-the-park vision of retirement crashes on the shores of reality, there could be a light at the end of the tunnel. After a series of tests on ways to deter theft, Wal-Mart has decided that America's favorite supercenter position will be making a comeback. This summer, Wal-Mart will be rolling out a program that will bring door greeters back to the entrances in hopes of reducing theft, and improving customer service.


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Trumped! Why It Happened And What Comes Next, Part 2 - The Peace Deal

When it comes to the economic future, a Trump presidency could bring either a shitstorm or salvation. Regrettably, the odds of the former are immensely the higher. That’s because Trump is a welcome, but extremely unguided missile.


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No Wonder We're Poorer: Wages' Share Of GDP Has Fallen for 46 Years

The problem is that limiting financialization will implode the system. The status quo now depends on financialization for its profits and taxes, and so ripping the heart out of financial skims and scams will also rip the heart out of the entire status quo. And so 95% of us will continue to get poorer, no matter who's in office.


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Oil Shrugs As US Total Rig Count Continues Crash To Record Lows

WTI crude prices are unimpresed at the rig count data today (after spiking off the dismal jobs data). Total rig count fell 5 to 415 - a new record low while oil rigs fell 4 to 328, tracking lagged oil prices to their nadir.


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Two Dead, Two Critical In Maryland Mall Shooting, Suspect At Large - Live Webcast

In the latest mass shooting at a public place, one person was killed and three people are critically injured after separate shootings Friday morning at a mall and shopping center in Montgomery County, Maryland. Investigators are examining whether the shooting at Westfield Montgomery mall in Bethesda has any connection to a fatal shooting Thursday in a parking lot of a high school in Beltsville, Maryland, a source tells NBC News.


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Dramatic Footage Of Assassination Attempt On Turkish Journalist

Earlier today we reported that an assailant tried to assassinate the editor-in-chief of Turkey’s Cumhuriyet newspaper Can Dündar, before the court was to announce the verdict on his case. The incident was captured in the following dramatic video.


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Corporate Tax Receipts Reflect Economic Slowdown

Not surprisingly, corporate tax payments and refunds mirror the many signs of a slowing economy that have recently emerged.


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"I Mean, Every Trade Was A Tick Up" - Steve Wynn Shows How Stocks Are Manipulated

"The other day I was watching the stock open up, and it went up on share volumes of a few thousand shares. I mean, every trade was a tick up. That's not the way it should operate in an honestly or intelligently run exchangeBut that's the thing, all those guys sold their dark pools and their order flow and the positioning on the floors of the servers to the HFTs. And it's made a couple of guys that I'm friendly with very rich because they are high-frequency traders."


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RANsquawk Weekly Wrap May 6th 2016


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President Obama Explains What The "Fiction-Peddling" BLS Got Wrong - Live Feed

Grab your popcorn. Having proclaimed his greatest achievement during his presidency as "saving the world from another Great Depression," we wonder what President Obama will have to say today when he discusses the economy. Following the decline in corporate profits, a manufacturing sector in recession, an auto industry which is shuttering production, minimum wage state job losses rising, and an equity market that is unable to make new highs, what cynical, skeptical, "fiction-peddlers" will he blame today's dismal jobs data on?


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