http://www.zerohedge.com/fullrss2.xml/news/grant-williams-simplicity-owning-gold en Imran Awan Transferred Nearly $300K To Pakistan Before Attempting To Flee, Lawyer Claims Islamophobia http://www.zerohedge.com/news/2017-07-26/imran-awan-transferred-nearly-300k-pakistan-attempting-flee-lawyer-claims-islamophob <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Following news of the arrest and booking of Debbie Wasserman Schultz's top IT staffer has unfolded over the last&nbsp;48 hours - starting with a report on Monday that<span>&nbsp;</span><a href="http://ibankcoin.com/zeropointnow/2017/07/24/fbi-seizes-destroyed-computer-equipment-from-garage-of-pakistani-dnc-it-staffers/#sthash.W0IehIi7.L5LB7lH5.dpbs" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">destroyed computer equipment</span></span></a><span>&nbsp;</span>was recovered from&nbsp;a home owned by Imran and Abid Awan - the<span>&nbsp;</span><em>Daily Caller</em>'s Luke Rosiak is out with another bombshell;<span>&nbsp;</span><strong style="font-weight: bold !important;">Imran Awan wired $283,000 to Pakistan before attempting to flee the country</strong><span>&nbsp;</span>to join&nbsp;his wife Abid (<strong style="font-weight: bold !important;">who left the country with $12,000 cash</strong>) -&nbsp;<em>hours</em><span>&nbsp;</span>after the Daily Caller reported Awan was under investigation.</p> <blockquote style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><p style="text-align: left;">Florida Democratic Rep. Debbie Wasserman Schultz’s top information technology (IT) aide was arrested Monday<span>&nbsp;</span><strong style="font-weight: bold !important;">attempting to board a flight to Pakistan after wiring $283,000</strong><span>&nbsp;</span>from the Congressional Federal Credit Union to that country.</p> <p style="text-align: left;">&nbsp;</p> <p style="text-align: left;"><strong style="font-weight: bold !important;">He attempted to leave the country hours after The Daily Caller News Foundation’s Investigative Group revealed that he is the target of an FBI investigation, and the FBI apprehended him at the airport.</strong></p> <p style="text-align: left;"><strong style="font-weight: bold !important;"><br /></strong></p> <p style="text-align: left;">Credit union officials permitted the wire to go through, and his wife has already fled the country to Pakistan, after police confronted her at the airport and found $12,000 in cash hidden in her suitcase but did not stop her from boarding, court documents show.</p> </blockquote> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><strong style="font-weight: bold !important;">Shady Loan From Iraqi Doctor</strong></p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><a href="https://ibankcoin.com/zeropointnow/files/2017/07/ali.png"><img width="195" class="alignleft wp-image-10007" style="margin: 0.5em 1em 0.5em 0px; height: auto; float: left; max-width: 100%;" src="https://ibankcoin.com/zeropointnow/files/2017/07/ali.png" height="198" /></a>In February, the&nbsp;<a href="http://dailycaller.com/2017/02/20/exclusive-house-dem-it-guys-in-security-probe-secretly-took-100k-in-iraqi-money/" target="_blank" rel="noopener noreferrer"><em><span style="text-decoration: underline;"><span style="color: #0066cc;">Daily Caller</span></span></em></a>&nbsp;delivered two bombshells: that the Awans were under criminal investigation after being caught accessing congressional computers without permission, and they had&nbsp;<a href="http://dailycaller.com/2017/02/20/exclusive-house-dem-it-guys-in-security-probe-secretly-took-100k-in-iraqi-money/" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">borrowed, laundered, and never repaid</span></span></a><span>&nbsp;</span>$100,000 from a&nbsp;<em>super shady</em>&nbsp;Iraqi&nbsp;expat physician -&nbsp;Dr. Ali al-Attar, a<span>&nbsp;</span><a href="http://dailycaller.com/2017/02/21/congressional-computer-admins-in-criminal-probe-owed-money-to-hezbollah-connected-fugitive/" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">Hezbollah-linked fugitive</span></span></a><span>&nbsp;</span>who led a group of other expats&nbsp;<em><a href="https://ibankcoin.com/zeropointnow/files/2017/07/totalfraud.png" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">which regularly advised the Bush administration</span></span></a><span>&nbsp;</span>on their plans to invade Iraq in 2002-2003<span>&nbsp;</span></em>(<a href="http://www.theamericanconservative.com/articles/paul-wolfowitzs-iran-connection/"><span style="text-decoration: underline;"><span style="color: #0066cc;">source</span></span></a>&nbsp;&lt;-- read up on this guy)<em>.&nbsp;</em></p> <blockquote style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><p>Philip Giraldi, a former CIA officer, wrote that Attar “was observed in Beirut, Lebanon conversing with a Hezbollah official” in 2012–shortly after the loan was made. -<em>DC</em></p> </blockquote> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Al-Attar's license to practice medicine<span>&nbsp;</span><a href="https://www.mbp.state.md.us/BPQAPP/orders/d5009803.192.pdf" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">was revoked</span></span></a><span>&nbsp;</span>by the Maryland State Board of Physicians and he had to pay a $50,000 fine for unprofessional conduct,<span>&nbsp;</span><a href="http://www.washingtonexaminer.com/doctor-accused-making-800k-plus-from-health-care-fraud/article/110761" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">healthcare fraud</span></span></a>, and failure to cooperate with an investigation.</p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><a href="https://ibankcoin.com/zeropointnow/files/2017/07/shaaadyy.png"><img width="626" class="aligncenter size-full wp-image-10010" style="height: auto; margin-right: auto; margin-left: auto; display: block; max-width: 100%;" src="https://ibankcoin.com/zeropointnow/files/2017/07/shaaadyy.png" height="516" /></a></p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><strong style="font-weight: bold !important;">Sugar Daddy&nbsp;</strong></p> <div class="mceTemp" style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"> <dl class="wp-caption alignright" style="margin: 0.5em 0px 0.5em 1em; width: 185px; float: right; max-width: 100%;" id="attachment_8583"> <dt class="wp-caption-dt"><a href="https://ibankcoin.com/zeropointnow/files/2017/05/theo.png"><img width="185" class="wp-image-8583 " style="height: auto; display: block; max-width: 100%;" src="https://ibankcoin.com/zeropointnow/files/2017/05/theo-300x295.png" height="182" /></a></dt> <dd class="wp-caption-dd" style="margin: 0px; padding-top: 0.5em; font-size: 14px;">Rep Theo Deutch (D-FL) paid a disgruntled vendor the Awans owed money</dd> </dl> </div> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Adding to the list of interesting connections, when the Awans stopped paying vendors for a car dealership they owned,&nbsp;<strong style="font-weight: bold !important;">a U.S. Congressman from Florida began paying a monthly salary to a man who had threatened to sue the Awans.&nbsp;</strong></p> <blockquote style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><p>The brothers had numerous additional sources of income, all of which seemed to disappear. While they were supposedly working for the House, the brothers were running a car dealership full-time that didn’t pay its vendors, and<span>&nbsp;</span><strong style="font-weight: bold !important;">after one — Rao Abbas — threatened to sue them, he&nbsp;began receiving a paycheck from Rep.<span>&nbsp;</span><a href="https://ibankcoin.com/zeropointnow/files/2017/05/theo.png"><span style="text-decoration: underline;"><span style="color: #0066cc;">Theodore Deutch</span></span></a>&nbsp;(D-FL), who like Wasserman Schultz represents Florida.</strong></p> <p><strong style="font-weight: bold !important;"><br /></strong></p> <p>While they were working for House members including members of the homeland security and foreign affairs committees, the dealership took and never repaid a $100,000 loan from Dr. Ali Al-Attar, who is a&nbsp;<a href="http://dailycaller.com/2017/02/21/congressional-computer-admins-in-criminal-probe-owed-money-to-hezbollah-connected-fugitive/" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">fugitive</span></span></a>&nbsp;from U.S.&nbsp;authorities and has been linked&nbsp;to Hezbollah.</p> <p>-<em>Daily Caller</em></p> </blockquote> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Oddly, their car dealership was called "Cars International A, LLC," referred to as "CIA" in court documents:</p> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/AwanBrothers?src=hash">#AwanBrothers</a> owned a car dealership called "CIA" in court documents. You can't make this stuff up. <a href="https://t.co/25jhN6BfL1">pic.twitter.com/25jhN6BfL1</a></p> <p>— ZeroPointNow (@ZeroPointNow) <a href="https://twitter.com/ZeroPointNow/status/890126272193585152">July 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><strong style="font-weight: bold !important;">Debbie, Debbie, Debbie</strong></p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Although Debbie Wasserman-Schultz is now trying to distance herself - claiming "Mr. Awan was a "part-time" employee whose serviced had been terminated," DWS refused to fire him after Awan was barred from accessing house computer equipment - instead<span>&nbsp;</span><a href="http://dailycaller.com/2017/05/31/wasserman-schultz-admits-hill-it-security-violations-blames-house-administrators-for-not-stopping-her-video/" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">changing his title</span></span></a><span>&nbsp;</span>and allowing him to continue to access House property.</p> <blockquote style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><p>Wasserman Schultz lashed out at investigators and changed Awan’s title to “adviser” instead of firing him after House authorities banned him from the network. -<em>Daily Caller</em></p> </blockquote> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Debbie Wasserman Schultz claims Imran Awan was a "part-time employee" (being paid $165k), only fired him this morning to protect herself. <a href="https://t.co/sDvFRjY2lL">pic.twitter.com/sDvFRjY2lL</a></p> <p>— /pol/ News Forever (@polNewsForever) <a href="https://twitter.com/polNewsForever/status/890000967655186433">July 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Except that&nbsp;Schultz appears to have been much closer friends with the Awans than her statement would imply. Again, from<span>&nbsp;</span><a href="http://dailycaller.com/2017/03/09/suspect-in-house-it-security-probe-also-had-access-to-dnc-emails/" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">Daily Caller</span></span></a>:</p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><img width="560" class="aligncenter wp-image-9999" style="height: auto; margin-right: auto; margin-left: auto; display: block; max-width: 100%;" src="https://ibankcoin.com/zeropointnow/files/2017/07/awans.png" height="282" /></p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Wasserman-Schultz also had computer equipment seized by investigators - including a laptop found hidden in a shady corner of the House building, which she threatened the D.C.&nbsp;which was recovered by DC Capitol Police, and which Wasserman-Schultz threatened the police chief with "<a href="https://youtu.be/q9wwKZYIxco" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">consequences</span></span></a>" if it wasn't returned.</p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Imran Awan had the password to an iPad used by Debbie Wasserman Schultz when the DNC emails were given to Wikileaks.</p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><strong style="font-weight: bold !important;">Islamophobia</strong></p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Predictably -<span>&nbsp;</span><a href="http://www.zerohedge.com/news/2017-07-26/imran-awan-retains-long-time-clinton-employee-and-confidant-legal-advice" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">the Awans' lawyer</span></span></a><span>&nbsp;</span>fired off a statement claiming "anti-Muslim bigotry in the literal heart of our democracy, the House of Representatives," weaving in "ultra-right-wing" and "pizzagate" references to somehow suggest that the Awans<span>&nbsp;</span><a href="http://dailycaller.com/2017/03/08/house-staffers-in-security-probe-allegedly-kept-stepmom-in-captivity-to-access-offshore-cash/" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">holding their stepmother captive</span></span></a><span>&nbsp;</span>in a house before carting her to Pakistan so they could extort her inheritance (fraud) is somehow racist. Or that the House of Representatives banned the Awans from their computer network because of bigotry, as opposed to members of congress noticing the Awans had gained&nbsp;<strong style="font-weight: bold !important;">unauthorized access&nbsp;</strong>to sensitive information.</p> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Statement from Awan Brothers lawyer: <a href="https://t.co/Bp9zqHtgGS">pic.twitter.com/Bp9zqHtgGS</a></p> <p>— Mike Cernovich ???????? (@Cernovich) <a href="https://twitter.com/Cernovich/status/890282053765181440">July 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><strong style="font-weight: bold !important;">An aside - credit where credit's due</strong></p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><a href="http://dailycaller.com/author/luke-rosiak/" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">Luke Rosiak</span></span></a><span>&nbsp;</span>of the Daily Caller News Foundation has been all over the Awan family situation from the beginning.&nbsp;<a href="http://www.wmal.com/2017/06/29/listen-luke-rosiak-of-the-daily-caller-discusses-his-investigation-into-questionable-congressional-hires/" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">Here's an interview</span></span></a>&nbsp;with him from a few weeks ago discussing the case. Controversial investigator and YouTube personality George Webb has also done extensive research into the Awans, and while some have criticized Webb - the arrest of Imran Awan validates much of what he's been saying for months over his&nbsp;<a href="https://www.youtube.com/user/georgwebb" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">YouTube</span></span></a>&nbsp;channel.<span>&nbsp;</span><a href="https://steemit.com/pedogate/@v4vapid/awan-brotherhood-hackers-in-the-house-a-webb-companion-day-139-summary" target="_blank" rel="noopener noreferrer"><span style="text-decoration: underline;"><span style="color: #0066cc;">Here's a summary</span></span></a>.</p> <p style="color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Imran Awan is currently out on bail with a GPS tracker and a curfew. No word on whether he's depressed, distraught, or otherwise feeling like committing suicide with two bullets to the back of the head.</p> http://www.zerohedge.com/news/2017-07-26/imran-awan-transferred-nearly-300k-pakistan-attempting-flee-lawyer-claims-islamophob#comments Awan Bush Administration Central Intelligence Agency Congressional Federal Credit Union credit union Daily Caller News Foundation DC Capitol Police Debbie Wasserman Schultz Democratic National Committee email leak FBI Federal Bureau of Investigation Florida Florida GPS Hizballah House of Representatives Information Technology Iraq Maryland State Board of Physicians Pakistan Tehreek-e-Insaf Politics Twitter Twitter United States Wassermann Wed, 26 Jul 2017 20:39:49 +0000 ZeroPointNow 600554 at http://www.zerohedge.com Senate GOP Rejects Rand Paul's "Repeal-Only" Healthcare Plan http://www.zerohedge.com/news/2017-07-26/senate-gop-rejects-rand-pauls-repeal-only-healthcare-plan <p>Just hours after rejecting some version of &#39;repeal-and-replace&#39; overnight, Senate Republicans have, as expected, <strong>failed to get enough votes for a key proposal from Rand Paul that would have repealed much of Obamacare</strong>.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_paul.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_paul.jpg" style="width: 608px; height: 307px;" /></a></p> <p>Under pressure from conservatives such as Rand Paul...</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em><strong>&ldquo;Republicans promised to repeal Obamacare, and as we move forward in this process, I urge them to join me in supporting a clean repeal of as much of this disastrous law as possible,&rdquo;</strong></em></p> </blockquote> <p>FreedomWorks, a conservative outside group, blasted out a &ldquo;key vote&rdquo; notice hours ahead of Wednesday&rsquo;s vote, arguing President Trump would sign a repeal-only bill.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&ldquo;For more than seven years, Republicans successfully campaigned on ObamaCare repeal. ...Grassroots conservative activists are not going to accept excuses if Republicans fail to pass a bill that they have passed once before,&rdquo;</strong> the group said in a notice to members.</p> </blockquote> <p><a href="http://thehill.com/blogs/floor-action/senate/343887-senate-rejects-repeal-only-obamacare-amendment">But, as The Hill reports, </a><strong>Senators voted 55-45 against his amendment</strong> that would repeal the Affordable Care Act and give lawmakers two years to come up with a replacement.</p> <p><strong>GOP Sens. Lamar Alexander (Tenn.) Shelley Moore Capito (W.Va.), Susan Collins (Maine), Dean Heller (Nev.), John McCain (Ariz.), Lisa Murkowski (Alaska) and Rob Portman (Ohio) joined all Democrats in voting no.</strong></p> <p>A vote on the amendment, which was widely expected to fail, was originally scheduled for late Wednesday morning but was delayed as senators tried to get clarity on a provision tied to abortion.</p> <p>Senate Majority Leader Mitch McConnell added on Wednesday that<strong> the effort to get either an ObamaCare repeal, or an ObamaCare repeal and replace bill, through the Senate &ldquo;certainly won&rsquo;t be easy.&rdquo; </strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="608" height="307" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170726_paul.jpg?1501100752" /> </div> </div> </div> http://www.zerohedge.com/news/2017-07-26/senate-gop-rejects-rand-pauls-repeal-only-healthcare-plan#comments 115th United States Congress American Presbyterians Efforts to repeal the Patient Protection and Affordable Care Act Fail FreedomWorks Internal Revenue Code John McCain Obamacare Ohio Patient Protection and Affordable Care Act Patient Protection and Affordable Care Act replacement proposals Politics Politics Politics of the United States Rand Paul Republican Party Senate Susan Collins United States Wed, 26 Jul 2017 20:29:44 +0000 Tyler Durden 600553 at http://www.zerohedge.com Arrested DNC Staffer Awan Retains Long-Time Clinton Associate For Legal Help http://www.zerohedge.com/news/2017-07-26/imran-awan-retains-long-time-clinton-employee-and-confidant-legal-advice <p>After getting arrested Monday night at Dulles Airport in Northern Virginia while attempting to flee the country on a flight to Qatar, Debbie Wasserman-Schultz' IT staffer, according to <a href="https://www.conservativereview.com/articles/arrested-dem-it-staffers-attorney-is-major-clinton-ally">Conservative Review</a>, has decided to hire a lawyer with longstanding connections to the Clinton family for legal help.&nbsp; </p> <p>Chris Gowen, a founding partner at <a href="http://gowenrhoades.com/gowen-rhoades-winograd-silva-pllc/">Gowen, Rhoades, Winograd and Silva</a>, apparently did a little bit of everything for the Clintons over the course of multiple years including working in the Clinton White House, helping President Bill Clinton write his book, "My Life", and serving on Hillary's 2008 presidential campaign.&nbsp; Per <a href="http://gowenrhoades.com/christopher-gowen/">Gowen's bio</a>:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Mr. Gowen left the Public Defender’s office to work for former President William Jefferson Clinton and then-Senator Hillary Clinton. <strong>Chris was a fact checker for President Clinton’s memoir, My Life.</strong> He also served as a <strong>traveling aid for President Clinton’s national and international trips.</strong> Chris finished his tenure with the Clintons by directing the advance operations for then-Senator H<strong>illary Clinton during her 2008 presidential campaign.</strong></p> </blockquote> <p>Another <a href="https://www.wcl.american.edu/faculty/gowen/">biography</a>, published on the American University website, says Gowen worked with several other controversial Clinton projects, including <strong>The Clinton Global Initiative, The Clinton Foundation, and The Clinton Health Access Initiative.</strong></p> <p>Shortly after Awan’s arrest, Gowen immediately jumped into the fray and hit the ground running with allegations that <strong>Awan was a victim of Islamophobia. </strong>He labeled Awan’s arrest as part of <strong>“a right-wing media-driven prosecution by a United States Attorney’s Office that wants to prosecute people for working while Muslim"</strong>...it's almost as if the words are coming straight from Hillary's mouth.</p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/07/26/2017.07.26%20-%20Gowen_0.JPG" alt="Gwoen" width="400" height="374" /></p> <p>As <a href="http://www.zerohedge.com/news/2017-07-25/wasserman-schultz-it-aide-arrested-dulles-airport-while-attempting-flee-country">we noted last night</a>, Imran Awan has been charged with bank fraud but it is unclear whether that charge is just a placeholder for other charges that are yet to come.&nbsp; While details are scarce, media reports have alleged that Awan and his brothers potentially ran a procurement scheme in which they bought equipment, then overcharged various House members that employed their IT firm.&nbsp; Meanwhile, <strong>some congressional technology aides have alleged that the Awan’s were blackmailing representatives based on the contents of their emails and files</strong>, due to the fact that these representatives have displayed unwavering and intense loyalty towards the former aides. </p> <p>As background, Imran was first employed in 2004 by former Democrat Rep. Robert Wexler (FL) as an “information technology director”, before he began working in Rep. Debbie Wasserman Schultz’s office in 2005.</p> <p>The family was paid extremely well, with Imran Awan being paid nearly $2 million working as an IT support staffer for House Democrats since 2004. Abid Awan and his wife, Hina Alvi, were each paid more than $1 million working for House Democrats. In total, since 2003, the family has collected nearly $5 million.</p> <p>In total, Imran's firm was employed by 31 Democrats in Congress, some of whom held extremely sensitive positions on the House Permanent Select Committee on Intelligence and the House Committee on Foreign Affairs.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Some of the <a href="https://twitter.com/hashtag/Democrats?src=hash">#Democrats</a> who had Pakistani IT workers (currently under investigation) on their payroll. <a href="https://twitter.com/hashtag/AwanBrothers?src=hash">#AwanBrothers</a> <a href="https://t.co/XvrJ6H1iW9">https://t.co/XvrJ6H1iW9</a> <a href="https://t.co/gVjNkfqWH3">pic.twitter.com/gVjNkfqWH3</a></p> <p>— Nick Short ???????? (@PoliticalShort) <a href="https://twitter.com/PoliticalShort/status/866761542892609537">May 22, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>&nbsp;</p> <p>Of course, one of the most intriguing parts of the Awan narrative is precisely why former DNC Chair Debbie Wasserman-Schultz (DWS) decided to keep him on her taxpayer-funded payroll right up until his arrest yesterday and whether that decision had anything to do with the whole DNC / Hillary email scandals that erupted last summer.</p> <p>Along those lines, RNC Chairwoman Ronna Romney McDaniel posed the following questions to DWS earlier this morning...</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Debbie Wasserman Shultz needs to answer mounting questions about her staffer’s questionable and illegal actions… <a href="https://t.co/2SRZIGiBAa">pic.twitter.com/2SRZIGiBAa</a></p> <p>— GOP (@GOP) <a href="https://twitter.com/GOP/status/890238887158853632">July 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>&nbsp;</p> <p>...and appeared on Fox Business to discuss DWS' curious decisions with regards to Awan (forward to the <a href="“[Wasserman Schultz] kept him on her staff. He was a taxpayer-funded government employee until yesterday when she finally fired him,” McDaniel said during a Fox Business Network interview on Wednesday. “We need to figure out why he’s under criminal investigation and we’re not hearing that across the country right now.” “We have to get to the bottom of this, and Debbie Wasserman Schultz has obstructed at every level on something that affects potentially our national security,” she continued. “We are not hearing the Democrats talk about it at all. Where’s Debbie Wasserman Schultz?”">4:00 minute mark</a> in the video below for the relevant discussion).</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>“[Wasserman Schultz] kept him on her staff. <strong>He was a taxpayer-funded government employee until yesterday when she finally fired him.&nbsp; </strong>We need to figure out why he’s under criminal investigation and we’re not hearing that across the country right now."</p> <p>&nbsp;</p> <p><strong>"We have to get to the bottom of this, and Debbie Wasserman Schultz has obstructed at every level on something that affects potentially our national security.&nbsp; We are not hearing the Democrats talk about it at all. Where’s Debbie Wasserman Schultz?”</strong></p> </blockquote> <p><iframe src="https://www.youtube.com/embed/pwhw0HIZAKc" width="600" height="337" frameborder="0"></iframe></p> <p>&nbsp;</p> <p>A preliminary hearing for Mr. Awan is scheduled for August 21.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1082" height="550" alt="" src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017.07.24%20-%20Awan.JPG?1501093754" /> </div> </div> </div> http://www.zerohedge.com/news/2017-07-26/imran-awan-retains-long-time-clinton-employee-and-confidant-legal-advice#comments American University Bill Clinton Clinton family Clinton Foundation Clinton Foundation Congress Debbie Wasserman Schultz Democratic Party United States) DWS Florida Democrats Fox Business Hillary Clinton House House Committee on Foreign Affairs Information Technology Lewinsky scandal national security Nationality northern Virginia Permanent Select Committee Politics Republican Party Rodham family Twitter Twitter United States United States Attorney’s Office White House White House Wed, 26 Jul 2017 20:25:00 +0000 Tyler Durden 600547 at http://www.zerohedge.com Facebook Tumbles Then Surges As Algos React To "Fake" Earnings Estimate http://www.zerohedge.com/news/2017-07-26/facebook-tumbles-then-bounces-algos-react-fake-earnings-estimate <p>Facebook first tumbled then jumped after reporting Q2 EPS of $1.32, which initially slammed the stock as much as 5% lower however, then jumped just as quickly when it emerged that Bloomberg had blasted a wrong EPS estimate, according to which the company had missed earnings of $1.38... </p> <ul> <li><strong>FACEBOOK 2Q EPS $1.32, EST. $1.38</strong></li> </ul> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/fb%20reaction%201_0.jpg" width="500" height="239" /></p> <p>... only to immediately correct itself, and release the correct consensus expectations, which was $1.13.</p> <ul> <li><strong>CORRECT: FACEBOOK 2Q EPS $1.32, EST. $1.13</strong></li> </ul> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Correction: Facebook Q2 revenue beats estimates <a href="https://t.co/Olpr5eLjlp">https://t.co/Olpr5eLjlp</a> <a href="https://t.co/qmaAxWWhA2">pic.twitter.com/qmaAxWWhA2</a></p> <p>— Bloomberg (@business) <a href="https://twitter.com/business/status/890305631277785088">July 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>The algo reaction is shown below:</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/20170726_fb1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/20170726_fb1_0.jpg" width="500" height="231" /></a></p> <p>Among the other results: </p> <ul> <li>Q2 revenue of $9.32 billion, beating estimates of $9.20 billion <ul> <li>2Q advertising rev. $9.16 billion </li> </ul> </li> <li>2Q daily active users 1.32 billion, estimate 1.32 billion </li> <li>2Q monthly active users 2.01 billion, estimate 1.98 billion </li> <li>2Q mobile ad revenue as percentage of ad revenue 87% </li> </ul> <p>And here are the key charts from Facebook's results:</p> <p><strong>Daily Average Users:</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/mau1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/dau1_0.jpg" width="500" height="325" /></a></p> <p><strong>Monthly Average Users:</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/mau1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/mau1_0.jpg" width="500" height="326" /></a></p> <p>&nbsp;</p> <p><strong>ARPU</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/arpu1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/arpu1_0.jpg" width="500" height="320" /></a></p> <p><strong>Revenue by Geography:</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/geo1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/geo1_0.jpg" width="500" height="323" /></a></p> <p><strong>Operating Margin:</strong></p> <p><strong><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/margin1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/margin1_0.jpg" width="500" height="316" /></a><br /></strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1892" height="875" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/20170726_fb1.jpg?1501100645" /> </div> </div> </div> http://www.zerohedge.com/news/2017-07-26/facebook-tumbles-then-bounces-algos-react-fake-earnings-estimate#comments 2Q Average revenue per user Bloomberg L.P. Business Computing Facebook Human Interest Internal Revenue Service Q2 Social media Social networking services Software South of Market, San Francisco Technology Tor hidden services Twitter Twitter Twitter Universal Windows Platform apps World Wide Web Wed, 26 Jul 2017 20:24:40 +0000 Tyler Durden 600552 at http://www.zerohedge.com VIX Crashes To Record Lows As Fed/ECB Double-Whammy Smashes Dollar http://www.zerohedge.com/news/2017-07-26/vix-crashes-record-lows-fedecb-double-whammy-smashes-dollar <p>Well that escalated quickly...</p> <p><iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/FONN-0uoTHI" width="560"></iframe></p> <p>&nbsp;</p> <p>&quot;Hawkish&quot; comments from ECB&#39;s Nowotny combined with &quot;dovish&quot;-sounding inflation comments from The Fed...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD1.jpg"><img height="313" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD1_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p>Sent the USD index plunging to its lowest close since May 2015...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD2.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD2_0.jpg" style="width: 600px; height: 314px;" /></a></p> <p>&nbsp;</p> <p>The machines read the FOMC Statement, saw nothing scary and insta-dumped protection...<strong> crashing VIX to a new all-time record low of 8.84...</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD3.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD3_0.jpg" style="width: 600px; height: 302px;" /></a></p> <p>&nbsp;</p> <p><u><strong>This was kind of odd though...</strong></u> Russell 2000 &#39;VIX&#39; crashed at 1059... a minute before the statement...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD4.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD4_0.jpg" style="width: 600px; height: 302px;" /></a></p> <p>&nbsp;</p> <p>Post-Fed, gold is the best-performer...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD9.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD9_0.jpg" style="width: 600px; height: 310px;" /></a></p> <p>&nbsp;</p> <p>On the day, The Dow was the best performer as Small Caps lagged (especially after The Fed)...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD10.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD10_0.jpg" style="width: 600px; height: 356px;" /></a></p> <p><em><strong>NOTE: Boeing&#39;s massive 9.2% spike today (biggest day for Boeing since 10/28/08) was responsible for 132 Dow points</strong></em></p> <p>Futures show the reaction in Dow Futs...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD8.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD8_0.jpg" style="width: 600px; height: 327px;" /></a></p> <p>&nbsp;</p> <p><strong>Bonds were aggressively bid </strong>with the belly notably outperforming...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD7.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD7_0.jpg" style="width: 600px; height: 315px;" /></a></p> <p>&nbsp;</p> <p>As we noted above the dollar was clubbed like a baby seal with EUR rallying the most on the day</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD5.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD5_0.jpg" style="width: 600px; height: 307px;" /></a></p> <p>&nbsp;</p> <p>As the dollar nosedived, gold spiked back above $1260, breaking through all major technical support, back to June Fed rate hike levels...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD6.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD6_0.jpg" style="width: 600px; height: 293px;" /></a></p> <p>&nbsp;</p> <p>WTI pumped and Dumped on the DOE data (big draw but big production surge) but the dollar weakness helped lift it into the close...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD11.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_EOD11_0.jpg" style="width: 600px; height: 277px;" /></a></p> <p>&nbsp;</p> <p>Finally, there&#39;s this...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_bulls1.jpg"><img height="314" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_bulls1_0.jpg" width="600" /></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="600" height="44" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170726_EOD.jpg?1501098741" /> </div> </div> </div> http://www.zerohedge.com/news/2017-07-26/vix-crashes-record-lows-fedecb-double-whammy-smashes-dollar#comments Boeing Business Dow Dow 30 European Central Bank Federal funds rate Federal Open Market Committee Federal Reserve System Finance Financial services Mathematical finance Money Russell 2000 Russell 2000 Technical analysis US Federal Reserve VIX Wed, 26 Jul 2017 20:01:38 +0000 Tyler Durden 600549 at http://www.zerohedge.com For The First Time, Americans Spend More On Eating Out Than On Food At Home http://www.zerohedge.com/news/2017-07-26/first-time-americans-spend-more-eating-out-food-home <p>In light of yesterday's OECD news confirming that Americans remain the most obese nation in the world, and as McDonalds' blockbuster results yesterday showed, American consumers are increasingly spending more on food away from home. As shown in the chart below, spending on food at home and food away from home have been converging over the past 60 years, with traditional home-cooked family meals on the decline. In fact, according to the USDA, for the first time ever, the amount spent eating out has surpassed what US consumers spend on food at home.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/food%20at%20home%20vs%20away.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/food%20at%20home%20vs%20away_0.jpg" width="500" height="339" /></a></p> <p>Here are some other observations on US feeding habits via Bank of America:</p> <ul> <li><strong>Consumers are eating alone more often and more "on demand</strong>". 47% of US meals are consumed alone and 43% of US consumers say they enjoy eating alone. Given how busy households and consumers have become, it is becoming more common to combine eating with catching up on news/social media, or to consume on the go. It also appears that the trend is for less planning for eating occasions. Millennials account for 40% of those who consume food within an hour of purchase. This is known as "immediate consumption" and accounts for about 15% of all meals. And 65% of instant consumables are eaten at home (source: Hartman Group/Forbes).</li> <li><strong>Consumers are willing to pay a premium for increasing levels of convenience and on demand. </strong>Globally, on average, they are willing to pay 14% more for online grocery delivery, 25% more for meal kits, 30% more for prepared meals and 55% more for restaurant take-outs (source: Lux Research).</li> </ul> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/bofa%20eating%201.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/bofa%20eating%201_0.jpg" width="500" height="197" /></a></p> <p>According to BofA, tech disruption is changing how US consumers spend money, even on "necessary" goods such as groceries.</p> <ul> <li><strong>Spending by Millennials at online grocery stores has risen by 750% since 2012 and is running at a 55% yoy pace since 2015. </strong>Generation X (330%) and Baby Boomers (240%) have also increased spending at online groceries but at relatively much more modest rates.</li> <li><strong>Major cities see a greater share of food consumption from dining out vs. groceries. </strong>The combination of competition from online grocers and greater urbanization may continue to present a challenge to the standard grocery store model.</li> </ul> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/bofa%20eating%202.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/bofa%20eating%202_0.jpg" width="500" height="177" /></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="884" height="493" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/eating%20out%20vs%20eating%20in%20teaser.jpg?1501094540" /> </div> </div> </div> http://www.zerohedge.com/news/2017-07-26/first-time-americans-spend-more-eating-out-food-home#comments Bank of America Bank of America Business Eating Grocery store Hospitality Marketing OECD Online grocer Restaurant Sales Shops Supermarkets Trade USDA Value-added tax Wed, 26 Jul 2017 19:50:00 +0000 Tyler Durden 600543 at http://www.zerohedge.com Investors Intelligence Issues "New Major Warning" For Stocks http://www.zerohedge.com/news/2017-07-26/investors-intelligence-issues-new-major-warning-stocks <p>With the spread between <strong>bullish and bearish investors surging to its highest since the first week of 2017</strong> (and bears at their lowest since March 1st), Investors Intelligence sees more than a little complacency spreading into financial markets.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_bulls.jpg"><img height="307" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_bulls_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p>In <a href="http://www.investorsintelligence.com/x/us_advisors_sentiment.html">their latest note, II notes</a> that <strong>newsletter writers classified as bulls rose to 60.2% this week</strong> - the first time above 60% since March 1 (and up from 57.8% last week). This has triggered Investors Intelligence to warn:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&quot;This is a new major warning calling for defensive measures to protect profits, renewing the same signal from earlier this year.</strong></p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_bulls1.jpg"><img height="314" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/26/20170726_bulls1_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p><strong>In the historical comparison, the bulls ended Jan-1987 at 64.6% and then returned to 60.8% that Aug after further market highs&quot; ahead of October crash.</strong></p> </blockquote> <p>Still, it&#39;s probably different this time.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1178" height="617" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170726_bulls1.jpg?1501073443" /> </div> </div> </div> http://www.zerohedge.com/news/2017-07-26/investors-intelligence-issues-new-major-warning-stocks#comments Behavioral finance Business Investors Intelligence Market sentiment Stock market Wed, 26 Jul 2017 19:30:00 +0000 Tyler Durden 600508 at http://www.zerohedge.com Bitcoin: Fake Asset Or Security? http://www.zerohedge.com/news/2017-07-26/bitcoin-fake-asset-or-security-0 <p><em><a href="https://www.theinstitutionalriskanalyst.com/single-post/2017/07/26/Bitcoin-Fake-Asset-or-Security">Authored by Chris Whalen via TheInstitutionalRiskAnalyst.com,</a></em></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;I came of age on Wall Street when the Chairman of the Federal Reserve Board&mdash;he was William McChesney Martin&mdash;condemned even trace amounts of inflation as an economic and moral evil.&nbsp; In the interval of 1960-65, there was not one year in which the CPI registered a year over year rise of as much as 2%.&rdquo;</p> <p><span>- Grant&rsquo;s Interest Rate Observer</span></p> </blockquote> <p>We&rsquo;ve all heard of fake news, but consider the growing possibility of fake or at least virtual assets. &nbsp;Investors face a deliberately orchestrated shortage of real investments c/o global central banks in markets such as stocks and real estate. &nbsp;<em><strong>Is there any wonder that the financial engineers of Wall Street&nbsp;have again begun to manufacture new derivatives leveraging the real world?</strong></em></p> <p>Case in point, bitcoin.&nbsp; The most recognized &ldquo;digital currency,&rdquo; bitcoin is a form of high-tech gaming instrument that <strong>fulfills just one of the traditional roles of money, but is among the world&rsquo;s fastest appreciating &ndash; and most volatile-- &ldquo;asset&quot; classes.&nbsp;&nbsp;</strong></p> <p>Adherents call the limited supply of bitcoin the ultimate expression of Milton Friedman style monetarist discipline.&nbsp; They view the digital medium as a rational response to the fiscal and monetary chaos visible in most of the industrial nations.</p> <p><span>But despite the huge gains seen in bitcoin vs conventional currencies, Jim Rickards says&nbsp;he&rsquo;s sticking with his preferred investments: gold, cash and silver.<em><strong>&nbsp; &ldquo;I don&rsquo;t own any bitcoin, but for those who have a preference for bitcoin, good luck,&rdquo;</strong></em> he told </span><span>Kitco News</span><span>.</span></p> <p><span><strong>Bitcoin has been blessed by a federal regulatory agency in Washington.</strong>&nbsp; &ldquo;On Monday, a bitcoin options exchange called LedgerX won approval from the Commodity Futures Trading Commission to clear bitcoin options, making it the first U.S. federally regulated platform of its kind,&rdquo; reports </span><span><a href="https://www.wsj.com/articles/bitcoin-options-exchange-wins-approval-from-cftc-1500935886" target="_blank"><span><span>The Wall Street Journal</span></span></a></span><span>. </span></p> <p>LedgerX&rsquo;s chief executive Paul Chou is on the CFTC&rsquo;s Technology Advisory Committee. &nbsp;Not surprisingly, a&nbsp;CFTC spokeswoman said&nbsp;&ldquo;no committee, including the Technology Advisory Committee, plays any role in any registration decision.&rdquo; &nbsp;OK.</p> <p><strong>Regardless of whether you view bitcoin as an investment or the electronic version of tulip bulbs, the fact of a traded options contract is intriguing.&nbsp; It allows speculators to take a flutter on bitcoin without actually touching the ersatz currency or the varied folk who are said to traffic in this ethereal world.</strong></p> <p>To be fair, drug dealers, terrorists and members of organized crime organizations in nations like China, Russia and North Korea are not ideal counterparties for a US bank or fund.&nbsp; But a US traded option contract may allow you to play the bitcoin game, pay your taxes, and sleep at night.&nbsp; A lot of managers may find that degree of separation attractive.</p> <p><span>Of note, less than 24 hours after the CFTC announcement, the Securities and Exchange Commission has declared that &ldquo;tokens&rdquo; such as bitcoin can be considered securities, and therefore, may be need to be registered unless a valid exemption applies,&rdquo; </span><span>Reuters</span><span> reports.&nbsp; </span></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em><strong>&quot;The innovative technology behind these virtual transactions does not exempt securities offerings and trading platforms from the regulatory framework designed to protect investors and the integrity of the markets,&quot; said Stephanie Avakian, the co-director of the SEC&#39;s enforcement division.</strong></em></p> </blockquote> <p>Part of the &ldquo;problem&rdquo; with bitcoin is that it is not easy for an individual to move in and out of the stateless, &ldquo;offshore&rdquo; market.&nbsp; It will be interesting to see which financial institutions are willing to provide the infrastructure to allow a bitcoin options contract to settle in dollars and in size large enough to satiate institutional players.&nbsp; But the more interesting question is how investors will deploy capital in this volatile and entirely opaque market.</p> <p>The idea of an option on bitcoin certainly seems to have some utility.&nbsp;<strong> Bitcoin may not be a store of value or a unit of account, but it serves that same purpose as the dollar in terms of acting as a means of exchange.&nbsp;</strong> Like the dollar, bitcoin promises to pay, well, nothing, so the two moneys have rough equivalence in that regard.</p> <p><strong>Our guess is that a successful launch of the bitcoin option contract could significantly increase cash trading volumes, which will manifest in higher value vs traditional currencies. </strong>&nbsp;But the real issue is how to gauge the ebb and flow of demand for the bitcoin tokens.</p> <p><em><strong>A&nbsp;large portion of the &ldquo;float&rdquo; in bitcoin cannot trade because the &ldquo;owners&rdquo; have lost their ID numbers, thus measuring how much supply is available to meet a given amount of demand is a challenge. </strong></em></p> <p>Additional bitcoin cannot be issued beyond the 21 million limit of the system, although the coins can be subdivided.&nbsp;<strong> In the short run, the only variable that can change with demand is the spot price.&nbsp; </strong></p> <p>Also, high and sometimes variable settlement costs add to the complexity of trading bitcoin.&nbsp; In many respects, a conventional option contract may be significantly more efficient than the cash market for bitcoin driven by the clunky blockchain technology.&nbsp;</p> <p>While the news of the CFTC&rsquo;s approval of the bitcoin options contracts may turn out to be good news for the digital currency, please note that our dim view of the blockchain clearing&nbsp;technology that enables bitcoin has not changed.&nbsp;&nbsp;</p> <p><span>The </span><span>Journal</span><span> reports that <strong>CFTC Acting Chairman Christopher Giancarlo states publicly that he&rsquo;s optimistic about blockchain technology&rsquo;s future. </strong>We&rsquo;d like to see him explain why, paying specific attention to operational efficiency and cost. </span></p> <p><span>A derivative contract on a derivative digital currency has a lot more promise that the technological dead end known as blockchain.&nbsp; To date, we have yet to see a single commercial application of what people call &ldquo;blockchain&rdquo; that has real commercial potential.&nbsp; The same robust and expensive encryption technology that helps the bitcoin market ward off attempts at manipulation also makes blockchain unsuitable for other business uses. &nbsp;As&nbsp;Saifedean Ammous </span><span><a href="https://www.americanbanker.com/opinion/blockchain-wont-make-banks-any-nimbler" target="_blank"><span><span>wrote in </span><span>American Banker</span><span> last year</span></span></a></span><span>:</span></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&quot;[D]espite banks&#39; attempts to test and use&nbsp;blockchain technology&nbsp;for their own commercial gain, it is outside the realm of possibility for the technology to serve any useful purpose for the intermediaries it was designed to replace. That is akin to burdening horses with engines in the name of technological innovation: the approach would only slow down the horse and alleviate none of its problems. Such a ridiculous notion will find no real world demand.&quot;</strong></p> </blockquote> <p>In simple terms, blockchain is just a form of industrial grade encryption tied to a bulletin board for the public portion of the keys. &nbsp;When it comes to clearing options contracts, the existing centralized technology solutions are far more attractive in terms of speed and cost.&nbsp; Indeed, it will be interesting to see how LedgerX manages delivery of bitcoin as contracts expire or whether it will require cash settlement, as is customary with gaming instruments.</p> <p><strong>So let&rsquo;s keep our eyes on this bitcoin options contract.&nbsp; It promises to expose a far greater number of investors to this global gaming instrument. </strong>We suspect that the SEC is right when they refer to them as tokens, albeit ones that can only be settled electronically.&nbsp; If bitcoin are eventually determined to be securities by the SEC, however, it both validates and changes the market forever.&nbsp; With recognition comes regulation and reporting.</p> <p><strong>What the success of bitcoin says about the world of dollars, euros and yen is unsettling at a number of levels, </strong>but then again, bitcoin is ultimately just a brilliantly designed virtual market that, initially at least, <strong>promised security and anonymity</strong>.&nbsp; Whether those qualities can endure&nbsp;as the audience grows is a very intriguing question that investors need to consider.</p> <p>*&nbsp; *&nbsp; *</p> <p><em><span>Here is my&nbsp;latest comment on housing finance reform in </span><span>American Banker</span><span>, </span><span><a href="https://www.americanbanker.com/opinion/fannie-freddie-are-irrelevant-to-a-government-backed-mortgage-system?" target="_blank"><span>&ldquo;Fannie, Freddie are irrelevant to a government-backed mortgage system.&rdquo;</span></a></span><span>&nbsp;I&#39;ll be participating at the </span><span><a href="http://www.corelogic.com/about-us/events/risksummit-2017.aspx" target="_blank"><span>CoreLogic Risk Summit</span></a></span><span> next week in Dana Point. Come say hello!</span></em></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="457" height="259" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170726_btc.jpg?1501073848" /> </div> </div> </div> http://www.zerohedge.com/news/2017-07-26/bitcoin-fake-asset-or-security-0#comments Alternative currencies Bitcoin Bitcoin blockchain clearing technology Blockchains Business Central Banks CFTC’s Technology Advisory Committee China Chris Whalen clunky blockchain technology Commodity Futures Trading Commission Commodity Futures Trading Commission Commodity Futures Trading Commission Counterparties CPI Cryptocurrencies Currency Digital currencies Economics of bitcoin expensive encryption technology Federal Reserve Federal Reserve Board Finance industrial grade encryption Jim Rickards Legality of bitcoin by country or territory Milton Friedman Money None North Korea Real estate Reuters Securities and Exchange Commission Securities and Exchange Commission use blockchain technology Wall Street Journal Yen Wed, 26 Jul 2017 19:11:12 +0000 Tyler Durden 600511 at http://www.zerohedge.com Trump Attacked Sessions Again This Morning; GOP Shills Are Stroking Out http://www.zerohedge.com/news/2017-07-26/trump-attacked-sessions-again-morning-gop-shills-are-stroking-out <p><em>Content originally published at <a href="http://ibankcoin.com/">iBankCoin.com</a></em></p> <p>&nbsp;</p> <p> I'm not a fan of airing out grievances in a public forum. As public as I am, I'd never discuss personnel changes or grievances with you misfits. It doesn't serve a purpose. The fact that Trump is humiliating Sessions on a daily basis must mean that either Trump is a supreme "type A" personality or Sessions deserves it. </p> <p>Critiques argue that the AG isn't Trump's lawyer. That's a lie. Both AG Holder and Lynch were, in fact, Obama's surrogates and shilled for him on a daily basis. They even shilled for Hillary Clinton during the campaign, partly because they were both corrupt zealots of the deep state.</p> <p>This morning Trump hit Sessions for not replacing the acting head of the FBI, who is, without a doubt, a Clinton mobster.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Why didn't A.G. Sessions replace Acting FBI Director Andrew McCabe, a Comey friend who was in charge of Clinton investigation but got....</p> <p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/890207082926022656">July 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">...big dollars ($700,000) for his wife's political run from Hillary Clinton and her representatives. Drain the Swamp!</p> <p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/890208319566229504">July 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>These tweets are designed to apply pressure on Sessions to quit. After the inauguration, Trump looked like he wanted a detente with the establishment. He even said he would not pursue Hillary Clinton for crimes against the state. But that all changed after the democrats and establishment sought to imprison Trump and his family, via 'Russian ties.'</p> <p>So, here were are now, with a very militant Trump in search of retribution and revenge. To accomplish this, he's gonna need a war time AG. Sessions doesn't have it in him.</p> <p>Rightards are freaking out over this, especially the neocon scum.</p> <p><iframe src="https://www.youtube.com/embed/WnItTUH-qZc" width="560" height="315" frameborder="0"></iframe></p> <p><iframe src="https://www.youtube.com/embed/9md6g1Ksrl0" width="560" height="315" frameborder="0"></iframe></p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">It really isn't right to say Donald Trump is "humiliating" or "shaming" Jeff Sessions. Donald Trump is humiliating and shaming himself.</p> <p>— Bill Kristol (@BillKristol) <a href="https://twitter.com/BillKristol/status/889965251164286976">July 25, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>And for your Trumptards out there: none of this is 'good news' for the President. His administration, right or wrong, has been a fucking circus act from day 1. Efficient operators are able to foresee trouble ahead; Trump did not. Instead, he's busy cleaning up after his initial mistakes. Most of his supporters were angered by his cabinet picks when he chose them -- but only now -- 6 months into his administration is he realizing they're mostly trash.</p> http://www.zerohedge.com/news/2017-07-26/trump-attacked-sessions-again-morning-gop-shills-are-stroking-out#comments American people of German descent Andrew McCabe Climate change skepticism and denial Director of the Federal Bureau of Investigation Donald Trump Donald Trump Donald Trump presidential campaign FBI Federal Bureau of Investigation Federal Bureau of Investigation James Comey Jeff Sessions None Politics Protestantism Russian interference in the 2016 United States elections The Apprentice United States Wed, 26 Jul 2017 18:56:00 +0000 The_Real_Fly 600545 at http://www.zerohedge.com Paul Singer: "I'm Very Concerned About The Global Economy" http://www.zerohedge.com/news/2017-07-26/paul-singer-markets-confidence-central-bankers-isnt-justified <p>Elliott Management Corp Founder Paul Singer stepped up his criticism of the unprecedented monetary stimulus unleashed by the Federal Reserve and other major central banks in Europe and Asia in the wake of the financial crisis, <strong>arguing that ballooning asset valuations and consumer debt pose even greater risks to the economy than they did back in 2008.</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user245717/imageroot/2017/2017.07.17singer.JPG"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user245717/imageroot/2017/2017.07.17singer_0.JPG" style="width: 500px; height: 327px;" /></a></p> <p>Singer, who discussed his views with David Rubenstein during an appearance on <a href="https://www.bloomberg.com/news/videos/2017-07-26/paul-singer-is-very-concerned-about-economy-video">&quot;The David Rubenstein Show,&rdquo;</a> said he doesn&rsquo;t believe the market&rsquo;s confidence in central bankers is justified. He also criticized the Obama administration&rsquo;s &ldquo;growth suppressive&rdquo; fiscal policies.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;I&rsquo;m very concerned about where we are in terms of the financial system, the American economy, the global economy. <strong>After nine years of what I would regard as monetary extremism, combined with growth-suppressive fiscal policies regulatory and tax, it&#39;s created a distorted recovery and its partially responsible for this exacerbation of inequality and the incomplete recovery has caused this middle-class stress and edginess around the world </strong>that has led to fringe policies and fringe thoughts &ndash; you know populism.</p> <p>&nbsp;</p> <p><strong>After nine years of this artificial levitation on the part of financial assets, high-end real estate, art, the things that rich people buy, what we have today is a global financial system that&rsquo;s just about as leveraged, and in many cases more leveraged, than 2008.</strong> I don&rsquo;t think the financial system is more sound. I don&rsquo;t think the fixes that have been put into place have actually created a sound financial system.</p> <p>&nbsp;</p> <p><strong>I don&rsquo;t believe confidence is justified in policy makers and central bankers</strong> and the fact that confidence has not been lost up to now is obvious. But if and when confidence is lost, I think it could be lost in a very abrupt fashion causing, conceivably, a ruckus in stock markets and bond markets.&rdquo;</p> </blockquote> <p>Elliott Management Corp, <strong>the activist hedge fund founded by Singer in 1977,</strong> made headlines last year when the government of Argentina agreed to pay it and three other funds nearly $5 billion to settle claims on bonds that Argentina had defaulted on 15 years prior.</p> <p><iframe allowscriptaccess="always" frameborder="0" height="315" src="https://www.bloomberg.com/api/embed/iframe?id=93bc9b5e-e1cc-4b1b-b684-71a8b1c59486" width="560"></iframe></p> <p>The Fed has telegraphed its intentions to raise interests and unwind its balance sheet seemingly no matter what happens with economic data, and some believe the ECB could soon follow suit by tapering its own asset purchases as the universe of available bonds grows precariously thin. Meanwhile, at the BOJ, pressure is mounting for the central bank to reevaluate its own asset-buying program.<br />&nbsp;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="905" height="592" alt="" src="http://www.zerohedge.com/sites/default/files/images/user245717/imageroot/2017.07.17singer.JPG?1501088717" /> </div> </div> </div> http://www.zerohedge.com/news/2017-07-26/paul-singer-markets-confidence-central-bankers-isnt-justified#comments Bank of Japan Bond Business Central Banks Economic bubbles Economy European Central Bank Federal Reserve Financial crisis of 2007–2008 Global Economy Global financial system Great Recession headlines International trade Obama Administration Obama administration Real estate recovery Stock market crashes US Federal Reserve Wed, 26 Jul 2017 18:53:09 +0000 Tyler Durden 600534 at http://www.zerohedge.com