It started off well enough, with S&P futures in the green and the Nasdaq set for another all time high, however things quickly turned sour thanks to Daimler's "trade war" profit warning and as investors got spooked about Italy once agian...
"A smear artist told me that nearly every image that crosses your path on a daily basis... was put there for a reason, often by someone who paid a lot of money for it to be there..."
"After the trade war wobbles earlier this week, it feels like we’re on more or less an even keel this morning. What can possibly go wrong next? (Form an orderly queue to the right please)"
"Sure, the location of the child-parent separation may be a little bit closer to home, but that’s more or less the only difference – the distance. If you are outraged at one type of child-parent separation but completely and blissfully ignorant towards the other, perhaps you don’t actually care as much about human rights as you pretend to do."
A California judge has ruled that social media giant Twitter can be sued for falsely advertising free speech. The judge said that Twitter’s policy of banning users “at any time, for any reason or for no reason” may constitute an “unconscionable contract” for a company which advertises free speech.
"The CIA had a wide variety of tools to use against adversaries, including the ability to 'spoof' its malware to appear as though it was created by a foreign intelligence agency..."
Having slipped lower on the back of a negative report by BIS, cryptocurrencies are kneejerking higher (with Bitcoin back above $6500) after a tweet from Square and Twitter CEO Jack Dorsey...
The challenge is to figure out what the looming German political implosion over immigration policy, the likely splatter effects across Europe, trade war worries and US high-tech sanctions on China, turmoil in OPEC, and the light comic relief provided by the UK Brexit shenanigans, are collectively going to do to sentiment.
Ask any “brick and mortar” retailer in the past decade what new development has had the greatest (and most adverse) impact on their business, and 11 out of 10 times the answer will be “Amazon.”
Draper argues that the state has become "nearly ungovernable"...and that it's "poorly served by a representative government dominated by a large number of elected representatives from a small part of the state."
The art (not science) of financial engineering – camouflaging a rise in leverage which boosts present and future earnings for the purpose of sustaining a bull equity run – is most sought after when irrationality in capital markets is at its strongest.
