New York State

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

"Hunter Harrison Is Out Of Control" - What's Really Going On At CSX?

"Hunter Harrison, what exactly is going on at CSX? I’m hearing lots of voices. They’ve become loud and frequent and as such are nearly impossible to ignore. They’re the voices of railroaders, from the executive to the train and engine service level. They’re former and present CSX employees. They’re people who have worked for you at other railroads. And they’re all saying basically the same thing: That the changes you are making at CSX aren’t the right thing to do, or aren’t working."

The Unspeakable Crime Of Viktor Orban

"The unspeakable crime of V. Orbán is his insistence on acting in the interests of his citizens not to the self-declared arrogant unelected Commissars in Brussels...It‘s becoming crystal clear to more and more European citizens that the monster that is Brussels today does not represent the true interests of EU citizens..."

In Warning To Wall Street, Jefferies Fixed Income Revenue Tumbles 33%

Jefferies second quarter earnings were a warning for the rest of Wall Street: with fixed income revenues tumbling 33% in Q2 due to "lower volumes and lower volatility", suggesting that alongside the collapse of the yield curve, the coming quarter could be rather brutal for US banks.

Global Stocks Jump, Dow Futs At New All Time Highs As Brexit Talks Begin

S&P futures rose 0.3% in subdued trading with Dow Jones futs once again in record territory as European stocks jump 0.6% following Sunday's landslide victory for Macron's party in the French parliamentary elections and as Brexit negotiations are set to officially roll out on Monday.