JPMorgan, BofA, Citi, Barclays, Deutsche Bank, BBVA, Santander Accused of Rigging Government Bond Auctions in Mexico. Bank of Mexico Implicated

Collusion and “absolute monopoly practices.” By Nick Corbishley, for WOLF STREET: Mexico’s antitrust agency Cofece has accused the domestic subsidiaries of JP Morgan Chase, Bank of America, Citigroup, Barclays, Deutsche Bank  Santander, and BBVA of colluding to rig Mexican bond prices, in particular treasury …

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Mexico No Longer A Net Exporter

by Chris Mexico is now a net importer of oil.  Here’s the data. Here’s consumption (down, but still just over 1.8 mbd): And here’s the production chart again, but presented slightly differently and with the consumption line overlaid: The prospects …

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NICK GILLESPIE: The New York Times, NBC, and Other Outlets Don’t Trust You To Handle the Truth…. Kimberley Strassel: Inside the media’s relentless crusade to destroy President Trump.

via reason: In the original Planet of the Apes movie (1968), the most-fascinating character is Dr. Zaius, the elitist, orangutan in chief who alone possessed the secret knowledge that (spoiler alert!) apes descended from humans. Toward the end of the film—shortly before he …

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Why Trump Can’t Lose

by Wayne Root Democrats are delusional. They try to destroy Trump. They try to ruin Trump. It never works. No matter how hard they try, they can’t beat Trump. Let me give you a great example. Three Sundays ago, I was …

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How Far Can The Stock Market Run?

Via Global Macro Monitor, Very little to the upside.  Very much to the downside. Macro Valuation Metrics Lots of incoming over our S&P Shooting Star post, most of which can mostly be summed up to the effect, “Why so bearish?” Seriously?   Our …

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When EBITDA Is Just BS

via institutionalinvestor: One of the trends that you’d have been hard pressed to miss over the past decade has been rising valuations across virtually all markets. Developed and emerging, equity and credit, public and private —prices for everything have marched inexorably …

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FULL PROJECT VERITAS EXPOSE CNN VIDEO is UP! The insider who works for CNN is willing to go public, and we will show our sit down interview with him imminently. #ExposeCNN

FULL VIDEO IS UP: https://t.co/XbU2a6UpYk#ExposeCNN — James O'Keefe (@JamesOKeefeIII) October 14, 2019 The insider who works for CNN is willing to go public, and we will show our sit down interview with him imminently. #ExposeCNN https://t.co/fAP20geFUs — James O'Keefe (@JamesOKeefeIII) …

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Catalonia Crisis Escalating – Clashes Between Protesters and Police At Barcelona Airport- Spanish Government Sending National Police

More and more protesters are arriving at the BARCELONA airport even despite the fact that all access points have been closed due to the massive arrival of protesters: Pictures https://www.elnacional.cat/uploads/s1/89/16/47/0/whatsapp-image-2019-10-14-at-17-06-30_11_958x630.jpeg Som molts a l'aeroport però hem de ser més! #Tsunamidemocratic …

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Policymakers failing to revive global growth, PMI expectations in freefall. First global recession since 2009?

policymakers failing to revive global growth pic.twitter.com/FXzAfmf1ox — Alastair (@StockBoardAsset) October 14, 2019 Global pmi expectations pic.twitter.com/VGz4YcWdRf — Teddy Vallee (@TeddyVallee) October 13, 2019 Leading indicators pic.twitter.com/NknG8dcf1z — Win Smart, CFA (@WinfieldSmart) October 10, 2019 The World Bank has cut …

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Bank loans, CEO confidence, India

by WARREN MOSLER Tariffs have caused a global economy (that has a pro cyclical bias) to turn south. It’s always an unspent income story. When decisions to not spend income (decisions to ‘save’) are not sufficiently ‘offset’ by agents spending …

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Presidential impeachment based on an anonymous witness. I’d say you can’t make this up, but the Democrats actually have.

CLARICE FELDMAN: Producers of the Flailing Impeachment Inquiry. Believing Adam Schiff’s lies and calling for an “impeachment inquiry” has to be one of the worst blunders of Speaker Pelosi’s career. The whistleblower tale has crumbled and the backup witnesses the Democrats …

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