Kobe Steel Scandal Goes Nuclear: Company Faked Data For Decades, Had A "Fraud Manual"

Kobe Steel product quality data was falsified for decades at some of the company's Japanese plants the Nikkei reporter, well beyond the 10-year time frame given by the steelmaker. The cheating procedures eventually became institutionalized in what was essentially a tacit fraud manual, allowing the practice to continue as managers came and went.

Harvey's Hubris & Hollywood's Halloween House Of Horrors

"Harvey’s story is an old one: hubris. He was too intoxicated with his own role as goddess-maker to recognize the dangers of fooling around in his own workshop... The other gnomes, elves, manufactured gods and goddesses in the Hollywood workshop only piled onto him when they thought it was safe (for their careers) to do so..."

"I'm Going To Work Until I Die": A Look At How Unprepared Boomers Are For Retirement

"The federal government’s unfunded 75-year liability for Social Security and Medicare combined is $46.7 trillion.  Americans aren’t saving enough for themselves, nor is the government saving on their behalf.  And the Millennial generation, whose taxes Boomers and Gen-Xers will depend on, is not exactly off to a great career start."

The One Way Governments Could Actually Kill Bitcoin...

"Any attempt to get rid of Bitcoin would be about as successful as preventing people from smoking weed or pirating the latest Game of Thrones episode... But... Uncle Sam does have one weapon... one way they could potentially disrupt Bitcoin..."

Should The Middle Class Pay More For A Loaf Of Bread Than The Poor?

"The Iowa plan may capture millennials, but because of the screw job on the wealthy, those making over 400% of the poverty rate will drop out... Effectively the state said if you can afford to pay more you must pay more. Imagine grocery stores charging $15 for a loaf of bread if you make $48,241 but only 48 cents if you make up to $18,090... The idea is preposterous."

10Y Spikes Over 3.00% Or Copper Crashes - What Happens Next?

The spread between 10Y Treasury yields and the ratio of copper-to-gold has never been wider as the former signals recessionary economics (flattest curve since 2007) and the latter reflationary recovery (highest in 3 years)... so who is right?

This Could Be A Problem For Markets

Should John Taylor become Fed chair, it could be a substantial problem for risk assets because according to the Taylor Rule, the estimated Fed Funds rate should be not at 1.25% where it currently is but... 5.7%!