An Open Letter To The Fed's William Dudley

"Let’s face it... The Fed can’t hold the financial order together much longer anyway. Why pretend you can with utter nonsense like crashing unemployment? It’s insulting...Your credibility’s shot..."

The Lost Goldman Sachs 1985 Fixed Income Recruiting Video

“The pace is fast, and the atmosphere is intense,” Goldman’s former self warns: “Emotions change from minute to minute.” Prerequisites for getting a job there included, “intelligence, independence, a strong desire to succeed, creativity and the ability the quickly translate ideas into action…”

Two Italian Zombie Banks Toppled Friday Night

So nothing worked. Private sector money stayed away in droves. JP Morgan, which had been recruited to save the Italian banks, threw in the towel. These banks had been zombies for too long. Everybody knew it. But the government kept denying it.

"Is The Equity Market Irrational Yet?" Citi Answers With The Following Chart

As the cycle matures, pair-wise correlations drop. When the cycle turns and stock markets drop, correlation picks up rapidly as investors “sell what they own”. In 2000/2001 and 2006/2007, this correlation indicator fell to around 20% before markets peaked out. We are currently at 30%.

"Tick, Tick, Tick" Comey Ally Hints That Next NYT Bombshell Is In The Works

It’s been a couple of weeks since the New York Times, Washington Post or CNN have published an anonymously sourced bombshell with more salacious details about the ongoing feud between former FBI Director James Comey and President Donald Trump. But the next salvo could arrive soon – possibly as soon as Monday, if a longtime Comey confidant is to be believed.

Furious Qatar Balks At Saudi Ultimatum As UAE Warns Of "Parting Of Ways"

"This list of demands confirms what Qatar has said from the beginning – the illegal blockade has nothing to do with combating terrorism, it is about limiting Qatar’s sovereignty, and outsourcing our foreign policy” said the director of Qatar’s government communications office.

CNN Deletes 'Fake News' Story About Russian Investment Ties To Trump

"On June 22, 2017, CNN.com published a story connecting Anthony Scaramucci with investigations into the Russian Direct Investment Fund. That story did not meet CNN's editorial standards and has been retracted. Links to the story have been disabled. CNN apologizes to Mr. Scaramucci."