Senators: Your Smart TV Might Be Spying On You

by stockboardasset It has been almost 70 years since George Orwell’s dystopian novel Nineteen Eighty-Four was published, but now, some of his forward-looking warnings are starting to be realized in 2018. Take this stunning letter from Senators Edward Markey, D-Mass., and Richard Blumenthal, D-Conn., who told the Federal Trade Commission (FTC) Chairman Joseph Simmons last Thursday that internet-connected … Read more

“Conditional Non-Objection”: Even Banks That Fail Their Stress Test, Pass Their Stress Test

via americanbanker: hen Federal Reserve Chairman Jerome Powell faces lawmakers this week, one big question will almost certainly be: Is the central bank playing favorites among the big banks? Sens. Elizabeth Warren, D-Mass., and Sherrod Brown, D-Ohio, ranking member on the Banking Committee, criticized the agency for its latest round of stress test results earlier this … Read more

IMF Issues Dire Warning For Eurozone And Warns Trade Wars Set To Escalate

The International Monetary Fund (IMF) has warned Eurozone growth could be derailed by escalating trade wars and the threat of more tariffs on goods from the US. via PAUL WITHERS The fund said it had cut its 2018 growth forecasts for Eurozone countries, including Britain, because of softer-than-expected first quarter performance coupled with tighter financial conditions due to … Read more

I just lost $20,000. A cautionary tale…

by stock_throwaway_123 Throwaway account since I’m giving actual dollar values here. I do data-driven short-term trading via a homegrown system, and I got burned by brokerage behavior I hadn’t known was possible. So, last month my system told me to short INNT from to June 18th to July 16th. I opened a short position on … Read more

Negative Rates are not an exception anymore. No wonder global debt soars to all-time highs and growth disappoints

Companies are investing as much as they need. Capex is not risng as much as central planners expect, that is all. Not because corporations are evil or stupid or lazy, but because overcapacity and risks outweigh returns. The Rise of Zombie Companies, And Why It Matters To You The Bank of International Settlements (BIS) has … Read more