Former U.S. President and Nobel Peace Prize winner Jimmy Carter has taken aim at the “erroneous” Supreme Court ruling that “gives legal bribery a chance to prevail.”
Perhaps it was the publicity stunt Trump pulled last Thursday when he skipped the final debate before the caucus in order to hold his own, competing event right up the street, or perhaps some voters lost their nerve at the last minute, but whatever the case, the man who “hates losers” lost in Iowa this week and it's cost him in the national polls.
Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever - at 298, this is almost 50% below the previous record low. But it's not just commodities and the Baltic Dry that stalled, as gCaptain reports, one of the world’s biggest containerships is hard aground in Germany’s Elbe River leading to the port of Hamburg.
More than six years into Dear Leader’s glorious economic recovery, 45.5 million Americans, or one in seven, remain on food stamps. We'd say that’s a problem, but we don’t want to be accused of “peddling economic fiction.”
Crazy, right? Perhaps not. For the first time since the financial crisis credit conditions have tightened for two consecutive quarters, something which have never happened without preceding a recession. That's all well and good, however, most problematic is its extremely tight correlation to nonfarm payrolls through the cycle... and that is flashing the 'reddest' since 2009.
Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival. Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. The nightmare of 2008 soon became a golden era of 'recovery'. Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses.
With some 1,000 of the 3,600 P2P sites operating in China deemed "problematic", it's not a matter of if we see another Ezubo, but rather a matter of when.
"The harm is obvious. It's going to damage financial reforms, cause social unrest and destabilize the regime to some extent."
"Based on current valuations, the prices of most stocks don’t appear to have factored in a recession scenario, ‘hence the downside should we see a recession could be rather severe',... the shares of most companies could still fall another 50% or more from current levels."
Bloodbathery.. it seems at full employment no one needs a new job... or wants to hire? LNKD is downover 20% in the after-hours following a drastic guidance cut. This crashes the stock to its lowest since July 2014...
Proxy war no more. Saudi Arabia and Iran are set to have troops fighting in the same country.
"After 21 rewarding years, Standard Pacific Capital has decided to return capital to investors across all of our strategies," the letter said. "It has recently become clear to both of us that sometimes there is a logical conclusion to even a good thing. We decided that now is that time for Standard Pacific."