The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist, Matthew Lynn. “It all has a very 2008 feel to it …” he warns and outlines his and our growing concerns about Deutsche Bank.
Will John Cryan's name go down in the annals of financial history lore alongside Erin Callan, Joe Gregory, and Dick Fuld? Given the extreme level of denial and hubris the Deutsche Bank CEO reportedly uses in an interview with Germany's Bild magazine, we'd say chances are better than even.
“You still reap the privilege of the genocide of Native Americans and slavery... Do not call us guys! That is a micro aggression! .. [we're gonna] tear this motherf***ing school up on a daily motherf****ing basis..."
Surveillance camera caught the shocking moment new real estate in China's Hangzhou city open for sale on September 24. The spree was prompted by the wish to evade new restrictions preventing people born outside Hangzhou from buying more than one property. The result was nothing short of stunning...
Most of the 90 minutes last night was a waste - with both candidates lobbing well-worn clichés, slogans and sound bites at the audience and each other.But there was one brief moment that made it all worthwhile.
A new ballot measure being considered in Washington state would allow authorities to seize guns of people who are "significantly more likely to commit violence toward themselves or others in the near future."
Wells Fargo Special Committee of Independent Directors announces plan to claw back $60mm in unvested options from Stumpf and Toldstedt in addition to other salary, bonus and severance payments but this may be just the beginning.
Hardest hit were those marginal workers struggling to grab the lower rungs of the ladder. All of a sudden, the rungs were coated in the Fed’s grease. Between 1947 and 1970, this group – the bottom fifth of the U.S. population – enjoyed a 3% annual growth in real disposable income. As the EZ money regime of the 21st century worked its mischief, these annual increases disappeared.
"For any professional investor, this is the most difficult period we’ve ever experienced", said Blackstone's Joe Baratta, adding that "You have historically high multiples of cash flows, low yields. I’ve never seen it in my career. It’s the most treacherous moment."
In addition to higher reimbursements, consumers are paying more out of their own pockets. A shift to high-deductible health insurance plans in recent years means that consumers are contributing more to the cost of health care. In August, medical care services prices in the South surged by 1.2% NSA, the biggest increase in any August since at least 1990.
"Fuck all these skewed polls. The debate didn't matter, and it didn't change anyone's mind..Trump should have been hammering the Clintons (that's right, Hillary and Bill) on putting Wall Street in change of America's economy, but he spent far too much time defending himself...Trump needs to paint the Clintons as the tag team that gave the country away to the banksters, and forced 76% of Americans into living a paycheck to paycheck lives..."