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.
"The fact this bill, which the President has said flat-out he will make it work for all Americans in general, can't pass is an indication this agenda is going to be more ambitious than this Congress can work with.... It is an indication that investors should not expect the kind of velocity in terms of agenda accomplishments they were expecting when he was elected."
After a full day allotted for "opening statements" yesterday, Neil Gorsuch once again takes the stand before the Senate Judiciary Committee today but this time he'll actually be entertaining questions rather than sitting in awkward silence as Democrats takes potshots at his professional career. Grab your popcorn because today's festivities are scheduled for 10 hours of fun.
The Fed tightens on Wednesday and bonds rally. What the hay? GaveKal, Jeff Gundlach, and Jim Bianco nailed it in that every spec and their mother are/were short 10-year Treasuries. But this is only a small part of the story: The global bond markets are broken. There are no signals, there is no noise. Trying to infer any sense of economic or financial information from bond yields is futile.
Randy Rye told investors that they would earn substantial profits from his proprietary trading program. In reality, Rye misappropriated the investors’ funds for his own personal expenses, such as air and hotel travel costs, including vacations to St. Lucia and Bali, tickets to sporting events, including the World Series and the Masters golf tournament, and on other luxury items and large cash withdrawals.
Despite a massive rally in the stock market, Illinois public pension liabilities continue to grow.GARS, the Illinois General Assembly Retirement System, is only 13.52% funded, down from 17% funded in 2013. How long can GARS last?
We focus most of our ire on the federal government because bad policy from Washington is the biggest threat to our nation’s freedom and prosperity. But we also get plenty of bad policy from other levels of government...
In its annual national earthquake outlook , the U.S. Geological Survey reported Wednesday that a large portion of Oklahoma and parts of central California have the highest risk for a damaging quakes this year: between 5 and 12 percent.
Federal officials have executed search warrants at three Caterpillar, Inc. facilities in the Tri-County Area — including the corporate headquarters — Thursday morning. Company officials confirmed the presence in a statement without specifying which agency was performing the search or what the search was in regard to.
"We were always told that it was set in stone. Now to find out that’s not true -- is the sky blue? Is water wet? We’ve paid 100 percent of our responsibility into it. I just don’t understand how they can come along and cut so much out."
"I actually never thought that that was – I never considered the question, even a possibility. I thought, 'Oh, gee, I don't have experience. I don't know enough. I don't...' And now I'm thinking, 'Oh! Oh!'"
"This is a quiet crisis, but it’s very real. There are currently 200 other plans on track for insolvency - that’s going to affect anywhere from 1.5 to 2 million people. The prognosis is bleak minus some new legislative help. Municipal and state plans are the next to go down - that’s a pension tsunami that’s coming."
Wal-Mart Stores is running a "price-comparison" test in at least 1,200 U.S. stores in a bid to close a pricing gap with its rivals by cutting prices on key goods, while at the same time demanding that its vendors lower their costs, in a move that is likely to send a deflationary shock across the entire retail universe.