Breaking news, updates, and reports on current events.
If you believe you are a victim of Jeffrey Epstein, or have information about the conduct alleged in the Indictment unsealed today, please call 1-800-CALL FBI pic.twitter.com/f3ZMThOxJX — US Attorney SDNY (@SDNYnews) July 8, 2019
via investopedia: As stock prices climb to new record highs, an overlooked trend has been the large amounts of money being poured into real estate investments. Big U.S.-based institutional investors, notably pension funds, now have about $1 trillion in real estate, or roughly 10% of their portfolios, according to a report in Business Insider. Moreover, a record 22.5% of … Read more
via MarketWatch: S&P 500 earnings set to decline for a second straight quarter, and maybe a third The S&P 500 looks set to suffer its first earnings recession in three years, as the number of companies cutting guidance is among the highest seen in the past 13 years. The unofficial start of the second-quarter earnings … Read more
via publicfinanceinternational: Funding shortfalls for state and local pension funds are a key source of fiscal fragility in the United States. Research by IMF economists indicates that government employee pension fund assets are significantly smaller than their rapidly growing liabilities. A severe shock in the future could affect resources significantly, making fiscal adjustment necessary, the research indicates. … Read more
by confoundedinterest My Kuroda! Yes, The Bank of Japan’s Haruhiko Kuroda (the current governor) has greatly expanded the BOJ’s balance sheet of assets. Starting in 2012, Japan’s house price index has soared along with BOJ’s total assets p;urchases. In a similar fashion, the US Federal Reserve embarked on a historic market intervention starting in late 2012 affectionately … Read more
via @adam_tooze: Great graphic from @DeutscheBank via @SoberLook
If you are on the inside of a big tech company, NOW is the time to contact Project Veritas: https://www.projectveritas.com/brave/
By observing the eye movements of schizophrenia patients while playing a simple video game, a University of British Columbia researcher has discovered a potential explanation for some of their symptoms, including difficulty with everyday tasks.
“This is the weapon of a Jedi Knight. Not as clumsy or as random as a blaster. An elegant weapon… for a more civilized age.” The potential uses of this in medicine are exciting. Of course, they may be weaponized in the future. “Nothing says welcome to the future like having your wound fixed by … Read more
via thedailybeast: The constant trickle of bad press has resulted in some charities and political candidates keeping their distance from the perverted hedge-funder. In 2006, former New Mexico Gov. Bill Richardson said he’d distribute Epstein’s $50,000 campaign donation to charities throughout the state, while New York’s gubernatorial candidate Eliot Spitzer and attorney general hopeful Mark Green … Read more
Spent some time looking at DB’s reports / presentation. To understand DB’s problem you need to look back at Lehman. Here is Lehman’s last report (https://www.sec.gov/Archives/edgar/data/806085/000110465908045115/a08-18147_110q.htm) – if you look at assets / liabilities – their total assets were 639,432 million and total equity was 26,276. In essence levered 24:1. This high leverage means that … Read more
I hope you found this one informative. They give us these prepackaged statistics and they only tell you a very limited amount of information. Dig just one layer deeper and suddenly we see a much better picture. What do you think? There is a perpetual lie that is told to the public: Everything is fine. … Read more
by PoliticalHumorn Seems Wikipedia has altered Epstein’s bio already. First screenshot of Epstein’s bio was at 8:27 a.m. The 2nd was at 10:30 a.m. omitting Bill Clinton & Spacy yet leaving Trump! That is frightening. Same exact bio of different times.
by Adam Michael Every, Rabobank’s Head of Financial Markets Research Asia-Pacific, shares my view on today’s bizarro markets: If one ever wanted a perfect example of just what a mess we are in globally, look at the market reaction to Friday’s payrolls data. Even with the caveats offered in the last Daily (that the data … Read more
by Adam Where to from here? It all depends on what investors think Powell will do next:
