Why Economic Data No Longer Matters

"The relevance of data is declining. Policymakers around the world are trying to make crystal clear that they’ll ignore that which doesn’t fit their narrative. Many financial commentators have failed to make the transition and are incorrectly transfixed by each data release."

Traders Yawn After Fed's "Great Unwind"

One day after the Fed unveiled the "Great Unwinding" the reaction has been largely muted, with S&P futures unchanged, near all-time highs as European and Asian shares rose modestly while the dollar edged marginally lower through the European session after yesterday’s post-Fed surge.

S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth

"The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks. Since 2009, claims by depository institutions on the resident nongovernment sector have increased rapidly. The increases have often been above the rate of income growth."

Let Catalonia Decide

"Some Catalans consider themselves Spanish and some don’t. Many Spaniards consider Catalonia part of Spain, while some don’t. But it’s clear that a significant number of Catalans feel politically conquered, and resent it. Why should they live under a Spanish government, when their history, culture, and language are not Spanish?... It’s a fair question, and one for which western democracies have no easy answer..."

Ban On Kaspersky Software Exposes The Hypocrisy Of US' Internet Agenda

"The move is part of anti-Russian hysteria that hit the United States. Kaspersky Lab has come under a politically-charged attack simply because it is Russian...Hypocrisy at the core of US internet agenda is becoming untenable... The narrative that United States is the defender of free Internet appears to be dead."

How Did Toys "R" Us Implode So Fast? The CEO Explains

"A news story published on September 6, 2017, reporting that the Debtors were considering a chapter 11 filing, started a dangerous game of dominos: within a week of its publication, nearly 40 percent of the Company’s domestic and international product vendors refused to ship product without cash on delivery..."

Prosecutors Unveil Full Details Of Anthony Weiner's Pedophilia

"Weiner, a grown man, a father, and a former lawmaker, willfully and knowingly asked a 15-year-old girl to display her body and engage in sexually explicit conduct for him online. Such conduct warrants a meaningful sentence of incarceration."

"Pizza Price Parity": Where Is Pizza Most And Least Expensive In America?

Between 2007 - 2010, a USDA study estimated that 1 in 8 Americans ate some form of pizza on any given day. That number climbs to about 1 in 4 for males and 1 in 5 for females when looking specifically at Americans age 12 to 19. There’s no escaping it; pizza is engrained in our diets. Pizza is not only a pillar of the American diet, but also of our culture.

Digital-Currency Milestone: Somebody Just Bought A House With Bitcoin

A day after Bridgewater Associates Founder Ray Dalio claimed that bitcoin was "definitely in a bubble" partly because he said the digital currency was too difficult to spend, CoinTelegraph is reporting that the first-ever bitcoin-only real-estate transaction has been completed in Texas.