"Wells Fargo accidentally sent apology letters to 38,000 people in error after the bank was caught foisting auto insurance on more than 800,000 customers who only wanted to take out auto loans."
...the x-factor here is the damaged psyche of a market that sees its conditioned “buy the dip” muscle-memory getting burnt TWICE in a short period of time (ESPECIALLY late-comer retail investors)..
In Q4, household debt increased for the 14th straight quarter, rising by $193 billion to a new all time high, and as of December 31, 2017, US households were in debt to the amount of $13.15 trillion, an increase of $572 billion from a year ago
The latest Chinese new loan data helps explain the recent inflationary burst, because according to the PBOC, in January China created a record CNY2900 billion in new loans ($458.3 billion), almost 1 trillion yuan above the CNY2000 expected.
"...we’re going to focus a lot on graduate recruiting. I don’t think the path forward is one where we make a lot of very high-priced, expensive lateral hires.”
" To most, the tax cuts appear to be a clear success... However, some commentators claim that these announcements are not in line with economic theory. For wages to be affected by tax cuts takes an extended period of time..."
...these are the same bonds that had the distinction of being the first to be wiped out/bailed in under new EU banking regulations when Santander took over Banco Popular last year...
We have officially gone from "Bitcoin is a fraud" to "cryptocurrencies could potentially have a role in diversifying one’s global bond and equity portfolio"...
China's Plunge Protection Team officially arrived over the weekend, urging controlling investors in listed companies to boost their holdings and telling some mutual funds to limit equity selling this week.
