“The risk of a US recession next year is rising fast” and “the Federal Reserve has no margin for error” according to Ambrose Evans Pritchard writing in the Telegraph. "AEP" is quite well connected and very well informed on such matters and hence the need to consider what he is saying and more importantly prepare.
“The professional recruiters are targeting not only potential lower level agents, but also highly qualified medicine, transport, oil industry and linguistics specialists as well as, importantly, those who could map out media strategies for the global terrorism projects.”
Welcome to the post-Galaxy Note 7 world, where every exploding smartphone instantly makes the news. As BGR reports, an iPhone 7 owner appears to be the latest victim, claiming that he left his iPhone 7 in his car and came back to find the vehicle filled with smoke with the interior badly burned. While the cause of the fire hasn’t yet been confirmed by officials, photos from the scene show that the fire indeed destroyed the interior of the car.
Battling a barrage of negative headlines about rising health insurance premiums and shrinking doctor networks for people participating in the program, Obama will speak in Florida about the need for a "public option" and will urge more young, uninsured people to sign up for the subsidized insurance plans offered under the law.
Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed. The American ruling Elite has lost the consent of the governed. This reality is being masked by the mainstream media, mouthpiece of the ruling class, which is ceaselessly promoting two false narratives...
Donna Brazile was noticeably uncomfortable for every second of this 10-minute interview with Megyn Kelly of Fox News..."I will not sit here and be persecuted because your information is totally false.”
Portfolio managers at hedge funds, facing an exodus of investors frustrated with high fees, are about to feel the pain from an estimated 34 percent reduction in their compensation. “2016 should prove to be a belt-tightening year. This pessimistic viewpoint is justified, given the poor industry performance.”
The Great Recession was a result of a massive monetary policy error. The Fed kept rates too low for too long, which - when coupled with lax or no regulation in the mortgage markets - resulted in a housing bubble and a crash. This then bled over to global markets. We are again suffering the effects of a massive monetary policy error. The error has already been committed, but we have just begun to endure the consequences.
As most of the mainstream media melts down today over Trump's "wait and see" approach to accepting the election results, the bigger takeaway from last night's debate is that "Trump needed a campaign-altering moment, and it didn’t happen."
Thousands of people recently demonstrated in Brussels against free trade deals negotiated by the EU. This happened just days before a meeting of EU trade ministers in Bratislava last month, which was considered the last push to salvage the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the United States. Not only is Europe divided on the deal, but the talks have been extremely secretive.
For the 3rd month in a row, sales of previously owned homes are flat year-over-year. Month-over-month saw a better than expected 3.2% rise in September (ahead of the school year) but SAAR sales remain noisily stuck 25% below 2005's highs. Notably, this is the 55th straight month of year-over-year home price gains.