Morgan Stanley Asked Analysts How Companies Were "Exceeding Estimates", The Answer Is Disturbing

According to a survey by Morgan Stanley, analysts responded that if firms exceed expectations to the upside, it was typically due to lower costs than higher revenues. Said otherwise, companies are not generating the top-line growth necessary to beat even the lowest of analyst expectations, and have focused on driving cost out in order to meet the street's expectations. After all, if the numbers miss, executives don't get as much out of those options and RSUs, and we can't be having that.

  • Jun 11, 2016 2:10 PM

Pictet: "The Pricing And Valuation Of Bonds No Longer Reflects Fundamentals" - Why This Matters

"Wicksellians believe that in today’s climate, where markets are being swamped with money pumped in by central banks via QE, long-term sovereign bond yields need to rise steeply to revert to their ‘natural’ rate of interest. An unexpected spike in inflation might be the trigger for this upward movement. According to proponents of this scenario, bonds would then be sent crashing. Conversely, the Fisherian camp believes that low government bond yields essentially reflect the anaemic state of the economy. Wicksellians are duly offloading their positions in government bonds, whereas Fisherians are building up theirs."

  • Jun 11, 2016 1:10 PM

It's Time To Blame Obamacare For Losing So Many Full-Time Jobs

Had a sinking feeling about the economy of late? It may not be your imagination. Economic indicators have flashed yellow for much of 2016, and the latest jobs report shows further depletion of the work force and a dearth of job creation. That trend, says one major bank, may be attributable to President Barack Obama’s signature legislation.

  • Jun 11, 2016 12:11 PM

Google Responds To Allegations Its Search Function Favors Hillary Clinton

"Over the last week we've received questions about our autocomplete feature. I wanted to take the opportunity to clarify a few things. The autocomplete algorithm is designed to avoid completing a search for a person’s name with terms that are offensive or disparaging. We made this change a while ago following feedback that Autocomplete too often predicted offensive, hurtful or inappropriate queries about people. This filter operates according to the same rules no matter who the person is."

  • Jun 11, 2016 9:29 AM

Paul Craig Roberts: "Fellow Americans, Wake Up & Escape The Matrix"

Fellow Americans, if you care to avoid vaporization and, assuming we do avoid it, live a life other than serfdom, you must wake up and realize that your most deadly enemy is Washington, not the hoax of “Russian aggression,” not the hoax of “Muslim terrorism,” not the hoax of “domestic extremism,” not the hoax of welfare bankrupting America, not the hoax of democracy voting away your wealth, which Wall Street and the corporations have already stolen and stuck in their pockets. If you cannot wake up and escape The Matrix, your doom will bring the doom of the planet.

  • Jun 10, 2016 10:15 PM

The "Crime" Of Offending Islam & Death Of Free Speech In Europe

Across Europe, cartoonists, artists and writers are forced to live under police protection, and also often face criminal prosecution - all for the "crime" of offending Islam. "'Respect' means, for them, submission." It starts with censoring cartoons...

  • Jun 10, 2016 9:50 PM

This Employment Trend Is Not Your Friend

Based on the historical correlation and the sharp growth in C&I loan delinquencies recently, it is conceivable employment drops abruptly over the next 6 months.

  • Jun 10, 2016 9:23 PM

Stunning Emails Reveal How Clinton Foundation Donor Bought Seat As Hillary's Nuclear Weapons Advisor

A new trove of State Department emails reveal how a major Clinton Foundation donor - and HFT trader - was placed on a sensitive government intelligence advisory board even though he had no experience in the field. The emails further reveal how, after inquiries from ABC News, the Clinton staff sought to “protect the name” of the Secretary, “stall” the ABC News reporter and ultimately accept the resignation of the donor just two days later.

  • Jun 10, 2016 9:02 PM

Former Fed President: "All My Very Rich Friends Are Hoarding Cash"

Fisher’s most telling comment came during the Q&A session when he was asked how his personal portfolio was positioned. Fisher’s response: “In the fetal position.” Moreover, he also said that “all my very rich friends are hoarding cash.” 

  • Jun 10, 2016 9:01 PM

Government Failure: Audit Finds FDA's Inadequate Policies Are Leaving The Nation At Risk

If it is ever discovered that tainted food has been released to the public for consumption, it is the Food and Drug Administration's (FDA) responsibility to ensure a recall of the product takes place. In a very disturbing audit finding Wednesday, the Department of Health and Human Services' Office of Inspector General has determined that due to inadequate policies and procedures, the FDA is too slow in ordering companies to recall tainted foods.

  • Jun 10, 2016 9:00 PM

A Donald Trump Voter Went To See Him Speak. Protesters Broke His Nose.

"...And suddenly, there were protesters everywhere. Some were holding Mexican flags, or burning American ones. They were yelling “F— Trump!” at us and cornering us. Some of them started grabbing Trump supporters — they were going up and slugging people, sucker-punching people, just picking random people out...About a block from the garage entrance, we turned down the street and found a line of protesters standing in our way... Before we could make it into the garage, four or five men surrounded me, and another four surrounded my friend. They just started swinging."

  • Jun 10, 2016 8:35 PM

Sterling Volatility Explodes To Record High As Brexit Looms

With two polls being unleashed on the markets today indicating the largest lead for Brexit over Bremain yet with regard the UK referendum, it seems FX traders at least have begun to wake up to the short-term uncertainties a "leave" vote may entail. A short-term measure of expected price swings for the pound climbed for a third week as traders sought protection as two-week implied volatility, a period that covers the June 23 voting date, closed at its highest on record today.

  • Jun 10, 2016 8:10 PM

Why Trump Must Not Apologize

Assume, as we must, that Trump believes what he said. Why, then, should he apologize for speaking the truth, as he sees it? To do so would be to submit to extortion, to recant, to confess to a sin he does not believe he committed. It would be to capitulate to pressure, to tell a lie to stop the beating, to grovel before the Inquisition of Political Correctness.

  • Jun 10, 2016 6:55 PM

Must See: How Google Manipulates Search Results In Favor Of Hillary Clinton

"Google has amassed far more power to control elections - indeed, to control a wide variety of opinions and beliefs - than any company in history has ever had. Google’s search algorithm can easily shift the voting preferences of undecided voters by 20 percent or more - up to 80 percent in some demographic groups - with virtually no one knowing they are being manipulated..."

  • Jun 10, 2016 6:15 PM