"These actions will improve the company’s long-term cost competitiveness and ensure the company manages through the current unprecedented market conditions."
And in what may be the greatest example of "whataboutism" in modern history, Black said that Epstein worked with many prominent individuals after he was released from jail, and that "the distinguished reputations of these individuals gave me misplaced comfort."
...systematic rules-based investors will mechanically generate “de-grossing” flows, because positions (in light of volatility) are now too large and have to be sized-down...
What goes down, must come up, and one quarter after US GDP collapsed by a record 31.4% annualized, moments ago the BEA reported that in Q3 the US economy rebounded by a similarly record high 33.1%, the biggest annualized increase in history.
The financial history of this young century will show how badly our reliance on bailing out markets with free money, bank-rescues and “stimulus packages” worked out...
How is it that Attorney General William Barr and John Durham are consumed with prosecutorial ennui when the crimes and cover-ups are so painfully obvious?
Don't get your hope up for any central bank fireworks: Lagarde is expected to stand pat on rates with the balance sheet remaining the tool of choice for the Governing Council.
It’s not a fantasy. It was done twice. It was done in 1934 and it was done again in 1953 by the Eisenhower administration. It could be done again. It doesn’t require legislation...
Real Vision senior editor Ash Bennington is joined by managing editor Ed Harrison for a special edition of the Daily Briefing. Ed gives an update on his thesis…
