Jihadists Target Spain

"Spain is the land of our forefathers and we are going to take it back with the power of Allah."

The Italian Referendum: What You Need To Know

In addition to the recent note by Credit Suisse, here, courtesy of a note by UBS' Felix Huefner, is what you need to know about the upcoming Italian referendum - an event that has been dubbed by some as the most important risk event for Europe in the remainder of the year - scheduled for December 4.

Viral Surveillance Video Reveals A Shocking Scene From China's Housing Bubble

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...

Wells Execs Forfeit $60 Million; May Be Just The Beginning

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.

The Dying Middle-Class

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.

SocGen Explains The Recent Surge In Health Care Costs

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.

Why There Is Trump

It’s over! The entire model our societies have been based on for at least as long as we ourselves have lived, is over! That’s why there’s Trump.