The MSM Doing It’s Job – Priceless!

by Chris The British Defense Secretary that told Russia to “shut up and go away” is hammered in an interview, and by “hammered” I mean pressed to actually answer a simple given question about that use of language. He dodged, several times, and then was summarily terminated from the interview by the host for being … Read more

Deutsche Bank’s U.S. Operations Deemed ‘Troubled’ By Fed

via Jenny Strasburg and Ryan Tracy The Federal Reserve has designated Deutsche Bank AG’s sprawling U.S. business in “troubled condition,” a rare censure for a major financial institution that contributed to constraints on its operations, according to people familiar with the matter. The Fed’s downgrade, which took place about a year ago, is secret and hasn’t been previously … Read more

Fox Dominates Cable News In May, As CNN Ratings Collapse

by stockboardasset In a new television ratings report published Wednesday by Nielsen Media Research, Fox News Channel continues to reign supreme in the cable news wars, while CNN’s primetime audience collapsed 25 percent. ” Fox News extended its run of consecutive months at number one to a staggering 197, while building hitting another impressive milestone: Fox News … Read more

Savings Rate Tumbles Back Near Record Lows… Storm Clouds Gather Over Fed… Second Coming of Financial Crisis?

Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than Make…  While US personal incomes grew, as expected, at 0.3% MoM, Americans resumed spending fare more than they make (increasing 0.6% MoM in April). For the 28th month in a row, YoY growth in spending has outpaced incomes, sending the savings rate back down … Read more