Pizzaflation is creeping through the nation. Inflation is slow, and subtle, and making our favorite things like Pizza unaffordable. Pizzaflation explains the deterioration of the US Dollar in something we all love; Pizza.
Central bankers "wring their hands all the time," Plosser noted that The Fed was very "concerned about credibility," and was "pretty good at conjuring up reasons not to act." His mutinous discussion then concluded, sounding very Trumpian, by noting that The Fed "shouldn't be afraid a recession might come," exclaiming "there's a real problem here" with The Fed.
Crowds gathered after an unarmed black man who was "behaving erratically" died after being shot by a police officer in El Cajon in southern California on Tuesday, the local police department said, appealing for calm.
What will Hillary do? The age of the iconic keyboard-ed smartphone is over as BlackBerry's John Chen confirmed that the firm will stop developing hardware in-house as its pivot to software shows “signs of momentum”.
Continuing to pile on the bearish oil case, Goldman warns today that not even an OPEC deal would stop oil going lower, adding that "we remain sceptical of its impact. For one, our production forecast continues to reflect a seasonal Saudi production decline into year-end, with no growth elsewhere. Second, even with this OPEC help, our updated oil supply-demand forecast now points to a renewed build in inventories in 4Q 2016 vs. a forecast for a draw only last month.
Trump's attack on the Fed chairwoman during this week's presidential debate was so vicious that Paul Ashworth, chief US economist at Capital Economics, now thinks it's possible Yellen will have to resign if Trump ends up becoming president.
After yesterday's "Hillary rally" in the US, the overnight's session has seen more risk-on sentiment as European stocks advanced, ignoring weakness in Asia as investors followed every twist of shares of beleaguered lender Deutsche Bank, whose CEO last night assured Bill readers that the bank is not seeking a bailout, which however was contradicted by a Zeit article this morning reporting that Germany may seek as much as s 25% "bailout" stake in a worst case scenario.
It's all about Deutsche Bank this morning again, where after last night's vigorous denial by CEO John Cryan, who told Bild that the troubled German lender is not seeking a government bailout and that it's balance sheet is solid, earlier this morning Germany's Zeit reported that the German government is working on a contingency plan for Deutsche Bank. The German outlet writes that possible scenarios apply in case Deutsche Bank AG needed capital injection to cover litigation costs and include the option of German government taking a stake.
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.
The mere fact that the Saudis are so connected and can spend so much money to persuade politicians to affect U.S. policy is outrageous and should be illegal. How can the American public compete with that kind of bribery? Look all around you. We can’t.
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..."