While it has nothing to do with capital markets, in what will surely be the biggest news of the day for most of the "developed" world, overnight Kim Kardashian West was robbed at gunpoint at a luxury residence in Paris by at least two men dressed as police officers, according to her publicist and police.
Hillary cancelled her Sunday trip to Charlotte after the Mayor asked her to stay home citing "stretched resources for security" with police "working around the clock." Ironically, this is the exact same reason that Hillary elected to not visit Louisiana back in August.
While avoiding the press, Hillary has basked in an affectionate embrace of her billionaire hosts: Lady Lynn Forester de Rothschild made sure attendees did not grill Mrs. Clinton at the $100,000-per-couple lamb dinner Mrs. Rothschild hosted under a tent on the lawn of her oceanfront Martha’s Vineyard mansion. "I said, ‘Let’s make it a nice night for her and show her our love."
Today we got the first official confirmation of just how vast the 1MDB money-laundering scheme was and that it stretched to the very top. What is now also confirmed, is that at the heart of the fundraising operation was none other than Goldman Sachs.
To be considered in a top 1% earner in the United States, the magic number that must be reached is $521,411 per household.However, it turns out that on a county level, the income of the Top 1% varies wildly based on location.
One of the defining traits of the past few years’ “recovery” has been the torrent of money flowing from big banks to favored clients, and from there into trophy properties like high-end real estate, superyachts, and fine art. This might be the first financial bubble to completely bypass the 99%. And now it’s ending...