Doing nothing to dispel chatter of a papal push for a utopian totalitarian nightmare, Pope Francis seemed to suggest that freedom of speech was over-rated in an address he gave this week. Media that stereotype entire populations (like 'Deplorables'?) and journalist fear-mongers are akin to "terrorists," according to Pope.
Who actually benefits from American-led wars across the globe? The aftermath of American-led conflicts shows it is not the common people, though the military and politicians vow they are liberating and protecting them... "Before 2011, I hated Gaddafi more than anyone. But now, life is much, much harder, and I have become his biggest fan."
American University Professor, Allan Lichtman, studied every election cycle from 1860 through 1980 to develop a system that has accurately predicted every U.S. presidential election since 1984. Here's why he's now calling the 2016 race for Trump.
It has been a day of Friday afternoon surprises: just one hour after Ted Cruz pretended to endorse Donald Trump when he really meant don't vote for Hillary, president Obama denied what all American citizens demanded - and got - after both chambers unanimously passed the Sept 11 law several weeks ago, when he decided to veto the Justice Against Sponsors of Terrorism Act bill.
After Wednesday’s policy statements by the Fed and Bank of Japan, a harsh light is being shined on the incredible nature of their communications. It would be wise in the current environment to structure investment portfolios with a pro-volatility bias.
"Our country is in crisis. Hillary Clinton is manifestly unfit to be president, and her policies would harm millions of Americans. And Donald Trump is the only thing standing in her way. A year ago, I pledged to endorse the Republican nominee, and I am honoring that commitment. And if you don’t want to see a Hillary Clinton presidency, I encourage you to vote for him" - Ted Cruz
The FOMC has no idea what it is doing, just like Bank of Japan officials about a decade before them. Rather than learn from all the experimentation, the power and prestige still, somehow, afforded to all of them is just too much to give up. They would clearly rather keep themselves on top of the political power structure as it relates to the economy than to admit what is increasingly obvious (a second time).
Most of Hillary Clinton’s deleted emails, subsequently recovered during an FBI probe into her email server abuse, won’t be made public until after Election Day, according to a new timetable set Friday by a federal judge. "This is an absolutely corrupt process the State Department has come up with," Judicial Watch president Tom Fitton blasted in response.
Is the economy in a Depression? Not if you're a corporate bigwig skimming vast gains from corporate buybacks funded by the Fed's free money for financiers. But if you're a wage earner who's seen your pay, hours and benefits cut while your healthcare costs have skyrocketed - well, if it isn't a Depression, it's a very close relative of a Depression.
Despite exuberance from the wireless service providers, it appears channel checks from Germany's GfK, Germany's largest market research institute, show things for the iPhone7 are not as great as the carriers would like the world to believe.According to a GfK note, AAPL iPhone units shows that launch weekend sales for iPhone 7 and 7 Plus were down by ~25% Y/Y compared to the first weekend of the 6S and 6Plus.
While the police are reluctant to relase the video of the actions leading up to the deadly shooting of Keith Lamont Scott in Charlotte, NC; the family has released their phone-recorded version of events...
While Goldman is best known for creating the revolving door, where it either soaks up SEC "regulators", spawns central bankers and/or Treasury Secretaries like Hank Paulson, a new function was revealed today: providing sabbaticals for the spouses of presidential candidates. Case in point: Heidi Cruz, who left Goldman Sachs last year to help her husband Ted Cruz in his quest for the Republican presidential nomination, is returning to the bank in a newly created role in the Houston office.
...German Economy Minister Sigmar Gabriel declared that [talks] were “de facto dead”. The French minister told the Handeslblatt newspaper that the United States had demanded too much and not compromised enough. "A crazy machine is moving here, the negotiations are a failure, nobody believes that they will come to a successful conclusion..."
With oil prices plunging after Saudis stole the jam out of the oil freeze hopers donut, US oil rig count (at seven month highs) rose 2 to 416 (the 13th week in a row) and the total rig count rose to 511.