by John Rubino One of the things giving “data-driven” central banks wiggle room on their pledge to tighten monetary policy is the fact there are several definitions of inflation. In the US the thing most people think of as inflation is the consumer price index, or CPI, which is now running comfortably above the Fed’s … Read more
via bloombergquint: Just think of the news as being produced by desperate freaked out Democratic operatives with bylines, and the above headline from Bloomberg Media makes perfect sense. (Classical reference in headline.) UNEXPECTEDLY: Guardians of the Galaxy Director Blames Trump, Sans Proof, for Newspaper Massacre. We’re used to seeing Twitter users politicize gun violence against President Donald Trump. This week’s … Read more
1984 Newspeak terminology: http://archive.is/caLZF
Fake news: http://archive.is/jkTw4
Risk will not be reduced with a merger with another troubled bank. Risk would increase. Stock is not driven by short-sellers. It is driven by earnings. The stock has moved down exactly with downgrades of earnings estimates. Deutsche Bank. I read all sorts of nonsense about it. Risk will not be reduced with a merger … Read more
via Bloomberg: A hedge fund that reaped an outrageous gain in February’s vol-mageddon is eyeing a fresh target. Houndstooth Capital Management LLC secured a 6,000 percent return from a bearish bet on an exchange-traded product tied to calm markets. Now, the $7.5 million fund sees trouble in an ETF designed to profit from the opposite … Read more
via politico: The Department of Justice and Securities and Exchange Commission charged a former Equifax software engineering manager with insider trading, prior to the disclosure that the credit-monitoring company had suffered a massive cybersecurity breach. Sudhakar Reddy Bonthu agreed to settle civil charges with the SEC and return gains he made through trades that the … Read more
Global stocks see biggest loss of investor cash since the financial crisis Investors pulled $12.4 billion from global stock-focused funds in June, the highest level since October 2008 amid the worst of the financial crisis. A slowing global economy is spooking some investors as are fears of a trade war. Emerging market stocks soared in … Read more
We have a 200 year rising wedge, and price is about to break down after backtesting it from below a 2nd time. The era for the US dollar is clearly over. #OOTT” https://twitter.com/graddhybpc/status/1012339084457635840
via NYHS: Sophisticated investors have been the victims of deception throughout our nation’s history. Jim Chanos and James Grant, "Fraud" from NYHS on Vimeo. Celebrated financial experts Jim Chanos and James Grant explore historical examples of businesses that became notorious after having been accused or convicted of defrauding their shareholders.