Archive

July 28th, 2016

Russia To US: "Sort Out Your Own Hacking Scandal; It Is Not Our Headache"

"As regards these (email) batches, that is not our headache. We never poke our noses into others' affairs and we really don't like it when people try to poke their nose into ours," he said. "The Americans needs to get to the bottom of what these emails are themselves and find out what it's all about."

Black Hope Matters

Amid Trump's reported racist fire and brimstone and a series of cop shootings in the last few weeks, confidence among black Americans has soared to three-month highs... as white Americans' comfort slides to one-month lows...

The 50 Altered States Of American Housing

“I think we can let go of the idea that if builders build more homes, then somehow homes overall will be more affordable... We have a permanent housing inflation problem that started four decades ago and will not be easily cured by dithering with the inventory of larger homes.”

USDJPY Just Flash-Crashed

As the world anxiously awaits every word from Kuroda's lips tonight, it appears liquidity just collapsed in USDJPY as the currency pair just crashed 200 pips instantly on evidently no news headline or catalyst...

David Stockman Warns "2008 Was Just Spring-Training For What Comes Next"

In effect, America has undergone a rolling national LBO since the Gipper’s time in office; so the U.S. economy is now stuck in the ditch because it has leveraged itself to the hilt over the past three decades. The vast majority of Americans are no longer living the dream because Wall Street speculators and Washington politicians alike have led them into a debt-fueled fantasy world that is coming to a dead end.

Amazon Smashes Expectations As Cloud Profits Soar; Stock Dips Then Jumps

Amazon has done it again. Moments ago Jeff Bezos' company reported Q2 earnings that blew away expectations, when it printed revenues of $30.4 billion, well above the expected $29.6 billion, up 31% Y/Y, and generating EPS of $1.78 more than 50% higher than the $1.12 expected.

Why MainStreet Isn't Buying Obama's Economic Story

Last night, President Obama took a victory lap for his economic achievements while in office. With the 2016 Presidential Election fast approaching, this was one of the final chances the President will have to try and divert attention away from Hillary’s “trustworthiness” problem following continued revelations surrounding Benghazi, email scandals and the Clinton Foundation which is now under investigation by the IRS. The question is whether the majority of the voting public will agree with the President’s message? Let’s take a look at some charts...

Bridgewater Fires Back At NYTimes 'Sex Scandal' Story: Firm Is "Not For Everyone"

It seems the New York Times may have struck a nerve with its recent article on Bridgewater which exposed a sexual harrassment claim made by a former employee who described the fund as a “cauldron of fear and intimidation." While the letter generally attempts to discredit everything in the NYT article, we did find one point of agreement as Bridgewater pointed out that the firm is "not for everyone." 

"Free Speech Cage" Keeps Anti-Hillary Protesters Away From DNC Convention

It is time that the people of America faced the reality of how limited their “choices” for leaders really are, and how deeply the repression of real candidates and real issues goes. Every four years, they waste the time and energy of the general public – intentionally – to make a ritual out of giving consent to the psychopathic to rule over the sheeple. These people do not represent or serve you or the issues of ordinary people.

With All Eyes On Tonight's BOJ Announcement, A "Minor" Snag Emerges

With all eyes on the BOJ's decision in several hours, an announcement which is expected to contain some component of government deficit funding attached to it, or helicopter-lite, a "minor" snag has emerged in what Japan has affectionately titled the "emergency, peace of mind realization, overall spending measures" fiscal package, namely that only about a quarter of the total JPY 28 trillion in new stimulus is in the form of actual spending.

Monte Paschi Bailout In Peril As 3 Banks Walk Out: Are More "Pensioner Suicides" Next?

According to Reuters, Morgan Stanley and Italian lenders UniCredit and Intesa SanPaolo have rebuffed a proposal by Italy's third-largest lender, Banca Monte dei Paschi di Siena to back its proposed 5 billion euro cash call, a development which may lead to a bail-in of the troubled lender, and potentially spark contagion across the Italian banking system.