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.
Costs for servicing oil projects have pulled back considerably after a nice decade of price spikes, but oil servicing costs are going to rise again, necessitating higher oil prices to justify capital allocation behavior.
And, as far as the 9/11-victim families are concerned: the U.S. government, obviously, has higher priorities than to be concerned about any sort of real “justice” for them. Punishing Iran (until it breaks, ‘America’s’ way) is far more important, to the powers-that-be in America.
A 3rd consecutive day of weaker Yuan fix has sent Offshore Yuan tumbling again back to 1-week lows. However, it is Kuroda's apparent U-turn on NIRP (dropping further rate cuts possible from the statement but now commenting that anything is possible) has sent Yen down hard (after strength during the US day session) almost back to pre-BOJ levels.
The Baltic Dry Index has risen for the last few weeks, buoyed by hopes (a la Iron Ore) of a National People's Congress stimulus surge from China. While the scale of the 'bounce' is negligible in real terms compared to the total collapse, it has caused such momentum-muppets as Jim Cramer to proclaim China 'fixed' and investible. So we have one quick question - if everything is awesome, why did the China Containerized Freight Index just crash to new record lows?
With Fitch now expecting $40 billion in US energy defaults in 2016, the question is who are the most likely candidates. In the following table, we list the distressed bonds which have an interest payment in the next 6 months - one which they very well may not make - and which will most likely be the first to default.
For the past four years, bond traders have quickly turned their focus after Federal Reserve meetings to something called the dot plot (seen as a key insight into their collective thinking on rates). The problem is, as Bloomberg exposes, the forecasts weren't very good... and fund managers are increasingly ignoring the dot plot for investment decisions, as one strategist exclaimed "we don’t put a lot of credibility in the dots, [officials] have usually been cheerleaders for the economy, and they get turning points in the economy wrong."
The truth is that we are the most drugged people on the face of the planet. Less than 5 percent of the world’s population lives in this country, and yet we buy four-fifths of these highly addictive drugs. In the United States today, approximately 4.7 million Americans are addicted to prescription pain relievers, and that represents about a 300 percent increase since 1999.
Large amounts of aluminum traded on the London Metal Exchange over the past couple of years "have at times been in the hands of a dominant position holder." Citing sources at commodity trading houses, warehouses, producers, brokers and banks "one such position holder is U.S. bank JPMorgan."
Following MoveOn.org's "success" last Friday, George Soros is back on the lips of an increasing number of Americans as Bloomberg reports, the liberal billionaire, whose effort to unseat President George W. Bush in 2004 shattered political spending records, is returning to big-ticket activism after an 11-year hiatus. Soros has spent or committed more than $13 million to support Hillary Clinton and other Democrats this election cycle and has warned Donald Trump (and Ted Cruz) of "consequences" for their words and actions. Welcome to the Oligarchy.
Even if a different array of confusions drives the radical chic of millennial voters, what is clear is that they see American capitalism as rigged. "Crony capitalism," from their perspective, is redundant - and "free market" is an oxymoron. They're not necessarily opposed to meritocracy; they just don't see what merit has to do with the marketplace.