Archive - 2017

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January 18th

Lagarde Urges Wealth Redistribution To Fight Populism

"I want to be loud and clear: populism scares me... policy makers need to 'man-up' and pay for the social cohesion that we need to keep our societies advancing... it probably means more redistribution than we have in place at the moment and accept that this may be a higher tax burden on people..."

Obama's Chelsea Manning 'Pardon' Proves The "Russian Election Hack" Story Was One Big Lie

How does Obama explain the sudden about face and forgiveness for Manning’s intelligence “betrayal”, that jeopardized the “fabric of US democracy” and “endangered US national security”? Are we to believe that John Podesta’s emails are worthy enough for conflict with Russia, but Manning’s classified document release, that exposed the highest level of US military intelligence information, is now considered forgivable?

Carlos Slim Launching US TV Channel "By Mexicans, For Mexicans"

With just two days left to go until Trump's inauguration, one of the President-elect's biggest opponents during the presidential campaign, Mexican billionaire Carlos Slim, said he is launching a a TV channel in the United State, Nuestra Vision, which "is focused on Mexicans, made by Mexicans and transmitted from Mexico."

Chinese Province Admits It Fabricated Economic Data For Three Years

China's sverely impacted rust-belt province of Liaoning fabricated fiscal numbers from 2011 to 2014, local officials admitted, raising doubts about the accuracy of China’s economic data just days ahead of the release of the nation’s GDP report due on Friday. The data were made up "because officials wanted to advance their careers."

VIX Spikes To 2-Week Highs As Dow Erases 2017 Gains

VIX spiked this morning to near 13 (shock horror) - the highest since January 3rd - as Goldman Sachs was unable to support the Dow, which dropped below 19750 for the first time since 2016...