I strongly suspect that Ms. Holmes' delusions that she's going to pull herself out of this mess will, at long last, be dismissed when the reaction she gets to this "3 for 1" offer is the sound of crickets.
Today at 10:30am, president Trump will summon some of America’s most prominent corporate executives to the White House Thursday, in a roundtable brainstorming session whose purpose is to come up with policy ideas meant to facilitate trade and taxes, boost job creation and generally jump-start the US economy.
One look at the Dollar Index in the last week and it's clear just how 'variable' President Trump's position has been on trade and so-called 'border adjustments'. In the space of a few days, he has swung from being against a border adjustment, to possibly being for it, and now today confirming that "we are going to impose a major border tax." Yen, Peso, and Loonie are all sliding further on the headline...
The Washington Post has been exposed again as nothing more than a liberal propaganda machine after admitting that their own story about the alleged "Russian hacking" of a Vermont utility was a total fraud: "Editor’s Note: An earlier version of this story incorrectly said that Russian hackers had penetrated the U.S. electric grid."
Courtesy of record low rates throughout most of 2016, overall debt issuance in the year rose to just over $6.6 trillion, breaking the previous annual record set in 2006. Corporations accounted for more than half of the $6.6 trillion, while the rest included sovereign bonds sold through syndication, US and international agencies, mortgage-backed securities and covered bonds.
Last night, David Rosenberg pointed out something troubling: we have just witnessed five multi-billion dollar deals this past week alone — $207 billion globally (AT&T/Time Warner; TD Ameritrade/Scottrade) in what has been the most active announcement list since 1999. We can now add another massive deal to the list: this morning Qualcomm announced it would buy NXP Semiconductors NV for about $47 billion, including debt, as it seeks to expand the reach of its chips from phones to cars.
When Congress passed the "Former Presidents Act" in 1958, it was intended to provide compensation to be used specifically for the benefit of the former President during his retirement. That said, discoveries from a Politico FOIA request suggest that Bill used his FPA funding to subsidize Clinton Foundation employee expenses and to purchase IT equipment for the Foundation.
"The trouble is, financial prices cannot be falsified indefinitely. At length, they become the subject of a pure confidence game and the risk of shocks and black swans that even the central banks are unable to off-set. Then the day of reckoning arrives in traumatic and violent aspect."