Gambling

Frontrunning: July 26

  • Oil bounce, results keep stocks on high (Reuters)
  • Healthcare brawl returns to Senate floor (Reuters); Senate Sets Up Health Votes for Chaotic Obamacare Debate (BBG); Health Debate Rolls On After First Option Fails (WSJ)
  • Who Will Blink First in the Sessions Standoff? (BBG)
  • Iran Says ‘Hostile’ U.S. Sanctions Vote Undermines Nuclear Deal (BBG)
  • Russia Warns of ‘Painful’ Response If Trump Backs U.S. Sanctions (BBG)

Frontrunning: July 24

  • Kushner, Russian Ambassador Had Undisclosed Contact (WSJ)
  • Democrats take aim at big companies in economic blueprint (Reuters)
  • Trump open to signing Russia sanctions legislation (Reuters)
  • Senate GOP Unsure of What Health-Care Measure They Will Vote On (WSJ)
  • Japan PM Abe denies favors for friend amid falling support (Reuters)

Frontrunning: July 18

  • U.S. Republicans left scrambling after health bill sinks again (Reuters); Republicans Give Up on Health-Care Reform, Now Seek Straight Repeal (BBG)
  • Trump Blames Democrats and a ‘Few Republicans’ for Health-Bill Wreck (BBG)
  • House Republicans Set Out Plan to Rewrite Tax Code (WSJ)
  • House GOP Budget Ignores Trump’s Cuts to Domestic Agencies (BBG)
  • House Republicans unveil 2018 budget with tax reform instructions (Reuters)

BNP Fined $246MM After Its Traders Were Found To Still Use Chat Rooms To Rig FX Trading

Two months after the Fed fined Deutsche Bank a paltry $157 million for manipulating currency markets after the German bank's traders were found to be using "chat rooms" to rig FX trading, we learn that there was mor gambling going on here and on Monday the Fed announced that it will fine French BNP Paribas $246 million "for the firm's unsafe and unsound practices in the foreign exchange (FX) markets."

Financial Martial Law

"It’s de facto capital control, even if the government won’t admit it..."

The High Cost Of "Free" College

Tennessee Promise, and now Tennessee Reconnect, are the first programs of their kind in the United States. Tennessee should be a trail blazer in limiting the disastrous effects of government involvement in higher education. In part because it was misguided by what is nothing more than a technicality in funding, the state is becoming a leader in higher education’s march off a cliff instead.

The "News" Is Content-Free

"We're 'your' trustworthy news source, even though we're all owned by six corporations or billionaires with political agendas..."

Welcome To Donald Trump's Very Own Big, Fat, Ugly Bubble

"...the Fed is only now beginning to apprehend the train-wreck that lies dead ahead (the June FOMC minutes were grasping for something dimly worrisome)... The Donald now owns the Bubble and has left his Presidency and the American economy squarely in harms’ way..."

'Vice' Index Shows U.S. Slowdown Ahead

"...add it all up and conditions are set for slower spending growth... It’s already showing up in the luxury spending we call vices... like in Gambling & Prostitution"

Millennials Really Want A McMansion Of Their Own, There's Just One Problem...

A new survey from ApartmentList.com of 24,000 millennials across the country, born between 1982 and 2004, revealed some great news for the residential housing market...about 80% of the millennials surveyed said they're ready to move out of mom's basement and buy a home.  There's just one catch...

Work Is For Idiots

Until the Fed’s mischief is stopped, and Federal Reserve Notes are replaced with honest money, no IMF policy recommendation, philanthropic commitment, or silly minimum wage increase, will do a lick for rewarding hard work with equitable pay.  All efforts otherwise are merely noise.