"Survival of the fittest will replace checking in on Facebook from your favorite five star restaurant and posting pictures of your meal for all your friends and followers. I don’t think we’ll have an obesity epidemic in the world made by hand of the future... That the establishment disregards the warning signals is not surprising, as they live in an insular bubble reaping the riches of easy money and crony capitalism. The oligarchy is thriving in NYC, D.C. and Silicon Valley. They will take it as far as it will go until it all crashes in a heap of destruction, despair and death."
As BBG's Vincent Cingarella says, nothing short of a Herculean effort is likely to weaken the Yen over the long-term amid speculation about what the BOJ and government stimulus will look like. Over the short-term it is a different story. Here is what Wall Street thinks The Bank of Japan will announce today.
Despite pleading with his base to support Hillary, even though they’re concerned that she’s too moderate, Sanders will return to Vermont and to his seat in the Senate, and he’ll do it with no official party affiliation. "I was elected as an independent; I’ll stay two years more as an independent," Sanders, 74, said at the Bloomberg Politics breakfast on Tuesday.
"The choice we face is just as stark when it comes to our national security. Anyone reading the news can see the threats and turbulence we face. From Baghdad and Kabul, to Nice and Paris and Brussels, to San Bernardino and Orlando, we're dealing with determined enemies that must be defeated. No wonder people are anxious and looking for reassurance -- looking for steady leadership.
"As regards these (email) batches, that is not our headache. We never poke our noses into others' affairs and we really don't like it when people try to poke their nose into ours," he said. "The Americans needs to get to the bottom of what these emails are themselves and find out what it's all about."
Amid Trump's reported racist fire and brimstone and a series of cop shootings in the last few weeks, confidence among black Americans has soared to three-month highs... as white Americans' comfort slides to one-month lows...
In his latest Global Equity Strategy update piece, Credit Suisse strategist Andrew Garthwaite takes a random walk across Wall Street's trading desks, and confirms what many know: namely, that nobody actually knows anything.
“I think we can let go of the idea that if builders build more homes, then somehow homes overall will be more affordable... We have a permanent housing inflation problem that started four decades ago and will not be easily cured by dithering with the inventory of larger homes.”
As the world anxiously awaits every word from Kuroda's lips tonight, it appears liquidity just collapsed in USDJPY as the currency pair just crashed 200 pips instantly on evidently no news headline or catalyst...
In effect, America has undergone a rolling national LBO since the Gipper’s time in office; so the U.S. economy is now stuck in the ditch because it has leveraged itself to the hilt over the past three decades. The vast majority of Americans are no longer living the dream because Wall Street speculators and Washington politicians alike have led them into a debt-fueled fantasy world that is coming to a dead end.
Amazon has done it again. Moments ago Jeff Bezos' company reported Q2 earnings that blew away expectations, when it printed revenues of $30.4 billion, well above the expected $29.6 billion, up 31% Y/Y, and generating EPS of $1.78 more than 50% higher than the $1.12 expected.
Last night, President Obama took a victory lap for his economic achievements while in office. With the 2016 Presidential Election fast approaching, this was one of the final chances the President will have to try and divert attention away from Hillary’s “trustworthiness” problem following continued revelations surrounding Benghazi, email scandals and the Clinton Foundation which is now under investigation by the IRS.The question is whether the majority of the voting public will agree with the President’s message? Let’s take a look at some charts...
It seems the New York Times may have struck a nerve with its recent article on Bridgewater which exposed a sexual harrassment claim made by a former employee who described the fund as a “cauldron of fear and intimidation." While the letter generally attempts to discredit everything in the NYT article, we did find one point of agreement as Bridgewater pointed out that the firm is "not for everyone."
It is time that the people of America faced the reality of how limited their “choices” for leaders really are, and how deeply the repression of real candidates and real issues goes. Every four years, they waste the time and energy of the general public – intentionally – to make a ritual out of giving consent to the psychopathic to rule over the sheeple. These people do not represent or serve you or the issues of ordinary people.
With all eyes on the BOJ's decision in several hours, an announcement which is expected to contain some component of government deficit funding attached to it, or helicopter-lite, a "minor" snag has emerged in what Japan has affectionately titled the "emergency, peace of mind realization, overall spending measures" fiscal package, namely that only about a quarter of the total JPY 28 trillion in new stimulus is in the form of actual spending.