Wall Street Journal

Watch Live: Airline Execs Testify Before Congress; Will Promise To Stop Beating Passengers

In what will undoubtedly be a fun-filled day of political theater, United Airlines CEO, Oscar Munoz, and several other airline executives are set to get their stern rebuke from our elected officials as they all go before the House Committee on Transportation and Infrastructure to testify on lessons learned and why they now understand it's bad policy to beat the shit out of passengers. 

"It's Just Crazy" (Again): 2-Bedroom LA House Sells 40% Above Asking

“It can’t be sustained,” said David Berson, chief economist at Nationwide Insurance and a former chief economist at mortgage giant Fannie Mae, referring to the frenzied buying. “It can’t go on forever.” For now, however, the second housing bubble in a decade is back front and center, courtesy of the Federal Reserve once again.

What Gary Cohn And Steve Mnuchin Really Said About Trump's Canadian "Trade War"

For the past two days everyone has been trying to figure out the reasoning behind Trump's latest flip-flop on NAFTA.  Speculation and rumors have focused on two last-minute, very convincing calls made directly to Trump from Mexican President Pena Nieto and Canadian Prime Minister Justin Trudeau.  But, a new revelation from the Wall Street Journal seems to suggest that former Goldmanites Gary Cohn and Steve Mnuchin, the globalist faction of Trump's White House, have been pulling the strings on trade behind the scenes from day 1.

It's Different This Time...

Throughout history, financial bubbles have only been recognized in hindsight when their existence becomes “apparently obvious” to everyone. Of course, by that point is was far too late to be of any use to investors and the subsequent destruction of invested capital. This time will not be different. Only the catalyst, magnitude, and duration will be.

World Stocks Hit All Time High, S&P Futures Rise To Within 1% Of Record

World stocks hit a new record high on Tuesday, with investors still cheering Macron's victory in the first round of the French presidential election, supported by speculation about U.S. tax reform and the overnight report that Trump has conceded on the border wall, eliminating a government shutdown as a potential risk.

A $500 Billion "Hitch" Emerges In The Saudi Aramco IPO

As Saudi Arabia's deputy crown prince pushes his nation's Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its potential IPO), WSJ reports that officials at the state-owned oil company are using internal value estimates to $1.3 to $1.5 trillion, calling bin Salman's estimate "unrealistic and mind blowing."