‘Big Short’ trader says short Deutsche Bank

Bank has profitability issues, may need more capital From Peter Vercoe and Yvonne Man at Bloomberg: Steve Eisman, the Neuberger Berman Group money manager who famously predicted the collapse of subprime mortgages before the 2008 financial crisis, recommended shorting Deutsche Bank AG shares. “Deutsche Bank is a problem bank,” Eisman said in a Bloomberg Television interview in Hong … Read more

U.S. media whitewashes Gaza massacre

Image by iStock/:flavijus From Consortium News: Typical of the mindset of corporate media reporting on what happened in Gaza on Monday as Israeli soldiers killed more than 50 protesting Palestinians, is this tweet from CNN. It says: “Death toll rises to at least 52 people during clashes along the border fence between Israel and Gaza, Palestinian … Read more

Ebola Outbreak Alert! Taiwan raises travel notice level for DRC to Level 2

https://www.youtube.com/watch?v=NfLsliD6Uaw The Taiwan Centers for Disease Control (Taiwan CDC) on Tuesday raised the travel notice for Ebola virus for the Democratic Republic of the Congo (DRC) to Level 2: Alert, advising travelers visiting DRC to take actions to reduce their risk of Ebola infection. Peter Salama, deputy director-general of emergency preparedness and response at the … Read more

In blow to Monsanto, India’s top court upholds decision that seeds cannot be patented

In an another legal blow to Monsanto, India’s Supreme Court on Monday refused to stay the Delhi High Court’s ruling that the seed giant cannot claim patents for Bollgard and Bollgard II, its genetically modified cotton seeds, in the country. Monsanto’s chief technology officer Robert Fraley, who just announced that he and other top executives are stepping down from the company after Bayer … Read more

10 Most Powerful Families in the World

Without wanting to sound like a conspiracy theorist there are some families who exercise some measure of control over elected politicians. Little can be done to prevent this. They tend to be well established industrial or banking families who leverage their wealth in return for access to political leaders. But some newcomers are only just … Read more

300 nukes in Israel yet Iran a threat?

https://youtu.be/L033M6wqNCI Islamic wars have brought questionable benefit to the US over the last 20 years, former US presidential advisor Pat Buchanan, author of Suicide of a Superpower, shared with RT. ­A new war in the Middle East will be a disaster for the US and for the world economy, he says. “I opposed the Desert … Read more

Petition to End the Federal Reserve Need 100,000 Signatures Supporting JFK EO 11110

by Thinker WE THE PEOPLE insist that: 1) Any authority previously given to the Federal Reserve be immediately terminated; 2) The President and Congress fully reestablish Congress’ singular power to mint, regulate, print, or otherwise control the form, amount, and backing of all U. S. legal tender; 3) Our U.S. Government undertake all necessary means … Read more

Melania Trump’s kidney procedure explained

https://www.youtube.com/watch?v=fkGxIbf28IA First lady Melania Trump, 48, underwent an embolization procedure Monday morning at Walter Reed National Military Medical Center to treat a benign kidney condition, according to a statement issued by the White House. The procedure was successful with no complications. Trump will likely remain in the hospital for the duration of the week, the … Read more

Hawaii: Cruise ship Pride of America cancels Big Island visits. Fears of Slump Collapse?

https://www.youtube.com/watch?v=QalSD0eJkbo “It’s hard to say exactly why they’re avoiding us,” Birch said. “It’s not an air-quality issue, and there’s no direct lava threat.” Norwegian Cruise Line also canceled one of the ship’s Big Island visits last week. Cruise line Royal Caribbean International also canceled one Big Island visit by the MS Radiance of the Sea … Read more

Trump Owns The Third Most Overvalued Stockmarket — EVER

Trump Owns The Third Most Overvalued Stockmarket — EVER pic.twitter.com/E1lpJeST0s — Alastair (@StockBoardAsset) May 15, 2018 #NASDAQ Party's like it's 1929! #CNBC Talking heads SHRIEK: "This charts is the breakout move that will take #Apple to $1 trillion." Muppets close their eyes and buy the new all time highs. What could possibly go wrong? #valuation … Read more

Jim Grant & Adam Cohen discuss our loosey-goosey credit market

Grant’s Interest Rate Observer Podcast, Released on 5/14/18 Adam Cohen, founder of Covenant Review, joins Grant’s for an insightful overview of our loosey-goosey credit market. 1:20 “Read the footnotes,” then and now 8:41 Where is the danger for lenders? 13:54 Potential consequences of widespread cov-lite James “Jim” Grant is an American writer and publisher and … Read more

Key Levels To Watch In The U.S. Stock Market

by Jesse Colombo In my last U.S. stock market update in April, I showed that the major indices were still in a confirmed uptrend despite the volatility experienced in the first quarter of this year. Despite a large amount of seemingly bearish and threatening news – from tech scandals to geopolitics – the market’s rally has … Read more

Corporate Debt Could Drive The Next Financial Crisis

via ECONOMIST Interest rates are heading higher, and that is likely to put financial markets under strain. Investors and regulators would both dearly love to know where the next crisis will come from. What is the most likely culprit? Financial crises tend to involve one or more of these three ingredients: excessive borrowing, concentrated bets and … Read more

LAURA RATINGS BOOM ON FOX… DEMO TOPS MADDOW

Sean Hannity tonight ended his show with some ratings talk between him and Laura Ingraham. Hannity teased Laura Ingraham a bit over the Drudge Report featuring an article touting her ratings before talking about how well their network is doing overall. Ingraham, despite recent controversies surrounding her 10 p.m. show, had a big week in the ratings, managing to beat MSNBC’s … Read more

Sign of the Times? $10+Billion in Debt, No Earnings, & Huge Staff Departures at Tesla

sign of the times? pic.twitter.com/mjb82BT0eV — Alastair (@StockBoardAsset) May 14, 2018 $10+Billion in #Debt, No Earnings, & Huge Staff Departures at #Tesla: CEO #ElonMusk says company is 'flattening management structure' as Tesla's Cash Burning, #Taxpayer Subsidized Ponzi Scheme Begins to Implode. Tesla #Stock will collapse: it's value=ZERO! #AccountingFraud pic.twitter.com/WVWlEN3hiX — Planet Ponzi (@PlanetPonzi) May 14, … Read more