"Let me say this as clearly as possible - presidents do not matter. They do not matter in terms of any important change in American society. Those great changes are always made either by a contingent of free people fighting relentlessly for good, or by a contingent of power mongers manipulating the halls of government from behind the scenes. "
Adding insult to injury, one day after its stock hit an all time low, S&P downgraded Deutsche Bank to 3 notches above jun, citing "significant execution risks in the delivery of the updated strategy amid a continued unhelpful market backdrop."
After two consecutive and not immaterial misses, and 6 misses in the past 8 months, it's about time for a solid payrolls "beat", even if nobody cares anymore about the number of part-time waiter and bartender jobs created
Having avoiding the insider trading spotlight for years, this morning Goldman Sachs finally succumbed to the greatest of indignities, when one of its employee was busted with insider trading.
All eyes more to Spain, with the Socialists getting close to lining up the support they need to oust Prime Minister Mariano Rajoy in a no-confidence vote.
"Once the consequences of the recent turn of tide in monetary policy become obvious and the threat of recession looms on the horizon, demand for gold as a traditional safe haven is bound to return..."
Crude oil inventories in the Organization for Economic Co-operation and Development have fallen below their five-year average level, a high-ranking OPEC official told S&P Platts this week. They are now 20 million barrels below that average...
In the most bizarre deal news of the day, Bloomberg reports that Warren Buffett proposed investing $3BN in Uber but the deal fell apart as a result of "disagreements over terms and size of the deal."
