Authorities in Switzerland have fined five banks, including Royal Bank of Scotland (RBS) and Barclays, for fixing foreign exchange trading through cartels dubbed “Three Way Banana Split” and “Essex Express”. The WEKO competition regulator said it had issued penalties totalling 90m Swiss francs (£71.3m). They were issued weeks after the European Commission imposed larger fines on the … Read more
via CNBC: Despite a healthy economy and growing labor force, 3 out of every 10 American workers who have taken on a side hustle say they need that second job to simply make ends meet. That’s according to Bankrate.com’s latest Side Hustle Survey of 2,550 full-time and part-time working adults conducted online in early May. “Though the … Read more
via Zerohedge: Yesterday afternoon I was listening online to a UK radio host complaining about US President Donald Trump’s claim there were no protestors against him on his recent state visit. The view was that such deliberate misstatements are designed to blur the line between truth and reality, dragging us all down the path to … Read more
via benzinga: Billionaire hedge fund manager Stanley Druckenmiller told CNBC Friday that the U.S. could be in trouble when the next recession hits thanks to the massive amount of corporate debt companies are holding. Druckenmiller isn’t the only expert concerned with debt levels around the world, as borrowing has seemingly accelerated in recent years to record levels. Scary … Read more
A truly bizarre trend is having an impact on the economy — wealthy people and corporations have so much money they literally don’t know what to do with it. Why it matters: At a time when growing income inequality is fueling voter discontent and underpinning an array of social movements, the top 1% of earners and … Read more
Sizeable decline in global Tech earnings estimates of late, and now pushing into negative territory for first time over period tracked dating back to 2011. YS #DriehausAlts pic.twitter.com/Frne5PcvDe — Driehaus Capital Management (@DriehausCapital) June 7, 2019
I Love My Freedom reports, Former Democratic National Committee Chairwoman Donna Brazile went on Fox News on Tuesday and told a horrific lie about Hillary Clinton’s 2016 election loss. Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/watch-donn…
https://edition.cnn.com/2019/06/06/tech/google-stadia-release-date/index.html The system, which was originally announced in March, will act like a Netflix for video games. Google says it will eventually allow people to play games directly over WiFi from any TV with Chromecast, computer with a Chrome browser, and Google Pixel phones. There are no downloads as the games themselves exist on … Read more
by northmantrader Game over. The grand central bank experiment of the last 10 years has ended in utter and complete failure. The games of cheap money and constant intervention that have brought you record global debt to the tune of $250 trillion and record wealth inequality are about to embark on a new round of peddling … Read more
by SportsAnalyticsGuy I made this with R and ggplot2. Data from: https://www.kaggle.com/spscientist/students-performance-in-exams
This video outlines the corruption around the deals made with Russia over sales and kick backs of American Uranium and how it was hushed up. All coming out after Trump lifts the gag order on this witness. AC
https://twitter.com/GeorgeAFreemen/status/1137100082879389696 cycling down into summer pic.twitter.com/AxDhCxELvP — Alastair (@StockBoardAsset) June 7, 2019 Global Growth Barometer & S&P 500 pic.twitter.com/Xw3HHfkaI0 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) June 8, 2019 The correlation between utilities & Treasuries has decisively turned negative! Such shifts tend to precede bear markets and recessionary periods. Did we officially dip into the bloody … Read more
from Zero Hedge Late last year, when President Trump first raised the possibility that the Federal Reserve could cut interest rates, everybody dismissed this as more unhinged ramblings from a president who, they said, didn’t understand monetary policy or the business cycle, or the needs of savers. But things have changed dramatically since then. And the … Read more
Holy crap! If true, Trump was 100% right and I was 100% wrong. Good on him. https://t.co/KbFVWl9qT5 — Ben Shapiro (@benshapiro) June 6, 2019
The [CB] is declining rapidly, the [CB] economy cannot be saved, it can only be kicked down the street. This is exactly what the patriots have planned, to kick it down the street past the 2020 elections. The jobs numbers, housing and retail numbers are sliding, its time for stimulus and multiple rate cuts. Wolf … Read more
Left-wing billionaire George Soros is pumping hundreds of thousands of dollars into a campaign looking to sabotage British voters’ 2016 decision to leave the European Union. The U.K. Daily Telegraph first reported late Wednesday that Soros has delivered £400,000 ($560,000) to the anti-Brexit “Best for Britain” campaign via his Open Society Foundations. He also hosted big-money donors at … Read more
https://youtu.be/y3lsllMNTQg Bob Mueller should be subpoenaed by Sen. Lindsey Graham to testify before the Senate, since Rep. Jerry Nadler won’t have him testify before the House. What did Mueller know and when did he know it? And why did he (on SEVERAL occasions) withhold exculpatory evidence? Lock him up!’ The Deep State refers to the … Read more
By Robert Ross A man pulled a gun on me last week. I was in the Ipanema neighborhood of Rio de Janeiro. Ipanema is one of the wealthiest areas of Rio. You get iconic views of the Brazilian shore line and white sand beaches. I was two blocks from Ipanema Beach when a man on … Read more
“If liberty means anything at all, it means the right to tell people what they do not want to hear.” ― George Orwell
https://www.youtube.com/watch?v=O3f4IaEloaE
By Robert Ross If it seems too good to be true, it usually is. But when I say you can juice your investment returns with the click of a button, it’s the plain truth. I’m talking about reinvesting your dividends. It may seem like a minor thing. But if you’re not doing it, you’re leaving a … Read more
By Patrick Watson The logic of Donald Trump’s multi-front trade war, if there is any, is increasingly obscure. The tangled mix of policies isn’t accomplishing its stated goals and seems unlikely to ever do so. Meanwhile, it hurts the Americans it should supposedly help. Regardless, it’s happening, and it has consequences… none of them good. The … Read more
by RidleyBourne Oh, they dodged the tariffs with the updated migrant protocols. No more release in the US awaiting asylum hearings. I think that’s what Trump really wanted. AC
by Troy The common assumption is that bonds are screaming RECESSION right now, while the stock market refuses to hear it. This isn’t entirely true. While the stock market’s long term risk:reward is certainly not bullish, the economic data suggests that a U.S. recession is not imminent. Various technical factors also suggest that the medium term … Read more
