California bank robber to get charged for cultural appropriation for wearing Mexican mask

by Dr. Eowyn Only in California. Only in our upside-down America of 2019. Stan Greene reports for the Santa Monica Observer that at 9:45 am yesterday, Sept. 18, 2019, a man wearing a Day of the Dead mask held up the Wells Fargo Bank on 9th St. and Montana Ave. in Santa Monica, California. Brandishing a shotgun, the suspect demanded … Read more

Political persecution: NC high school cheerleaders put on probation for posing with ‘Trump 2020’ banner

by Dr. Eowyn Source: Facebook On Monday, Sept. 16, 2019, cheerleaders from North Stanly High School in New London, North Carolina, were put on probation for the remainder of the football season for posing with a Trump 2020 banner before a football game last August 30. The school district has not defined the terms of the probation and … Read more

NFLX is a must watch.

$NFLX is a must watch. Now diverging 25 pct pts from Nasdaq! It’s the first FANG stock… 1) below its 200 DMA;2) with a death cross set up;3) breaking down from a multi-year support; Is this an inflection point for stocks? Still trades at 106x EV to FCF estimate for 2022! pic.twitter.com/k0QkZDDxPs — Otavio (Tavi) … Read more

LT yields near record lows. Inflation at a decade high. Central banks easing massively. Risk parity at risk? All bullish for gold.

This is huge. 30-year yield vs. core CPI at its lowest level since 1980s! 10-year real yield?Same. Plunging as they did in mid & late 70s! LT yields near record lows.Inflation at a decade high.Central banks easing massively. Risk parity at risk?All bullish for gold. pic.twitter.com/FMhpZXg01J — Otavio (Tavi) Costa (@TaviCosta) September 19, 2019

JPMorgan Chase Violation Tracker

  Violation Tracker Parent Company Summary Parent Company Name: JPMorgan Chase Ownership Structure: publicly traded (ticker symbol JPM) Headquartered in: New York Major Industry: financial services Specific Industry: banking & securities Penalty total since 2000: $34,478,944,885 Number of records: 134 Top 10 Primary Offense Types Penalty Total Number of Records toxic securities abuses $13,450,500,000 5 … Read more

A new study tracks the surge in Chinese loans to poor countries

via economist: Loan talks with Belarus; funding for bridges in Liberia; a possible gas project in Timor-Leste; accusations of exploitation in Tanzania; a corporate dispute in India; pledges to support the Rwandan private sector. And that was just the past few weeks. Such is the frenetic pace of China’s overseas lending that its outstanding loans have risen … Read more

The OECD projects that the global economy will grow by 2.9% in 2019 and 3% in 2020 – the weakest annual growth rates since the Financial Crisis.

The OECD projects that the global #economy will grow by 2.9% in 2019 and 3% in 2020 – the weakest annual growth rates since the #FinancialCrisis. Read more in our latest Interim #EconomicOutlook ➡️ https://t.co/QKixmz5XUi pic.twitter.com/pUgp1Y0SUj — OECD ➡️ Better Policies for Better Lives (@OECD) September 19, 2019  

GALLUP: Party Polarization at Record… Dems, Republicans Live in Different Worlds…

Trump Job Approval 43%; Ties Party Polarization Record STORY HIGHLIGHTS Approval back above 40% after dipping to 39% in prior poll 86-point party gap in ratings ties highest in a single poll Only three presidents have registered 80+ point gaps WASHINGTON, D.C. — President Donald Trump’s job approval rating is 43% in the latest Gallup … Read more

Hundreds of Chinese goods exempted from Trump’s 25% tariffs

https://www.politico.com/story/2019/09/19/hundreds-of-chinese-goods-exempted-from-trumps-tariffs-1753322 The Trump administration has excluded Christmas tree lights, a series of pet supplies, plastic drinking straws and hundreds of other products from a 25 percent duty President Donald Trump imposed on $250 billion worth of Chinese goods, according to three notices set to be published in the Federal Register on Friday.

Airbnb confirms plans to go public in 2020

Airbnb has confirmed it plans to go public next year, ending a long period of speculation about when the disruptive accommodation platform would float on the stock exchange. The company, which was valued at $31bn in its most recent funding round, said on Wednesday it made more than $1bn in revenue in the second quarter … Read more

Forward Guidance Doesn’t Meet Reality

via upfina: Even though in the few days leading up to the September Fed meeting, the CME Group FedWatch tool showed a declining chance of a rate cut (it fell to near 50%), the Fed did exactly what was expected by cutting rates on Wednesday. The CME Group tool was impacted by the selloff in the … Read more

A lot of people on here don’t seem to understand what a financial repo market is, or why it’s so important, so here’s an explainer

via MUGATU:   Hedge Funds, Bank CEOs, etc own assets like bonds, etc but need cash in the near term to buy necessary things like boats, cars, mansions, 14 year olds, etc That business is so large that on a dollar basis it’s the most significant base of transactions in the United States. But sometimes … Read more

The End Of The Manufacturing Recession?

via upfina: After the very weak ISM and Markit August manufacturing PMIs, it seemed clear the economy was destined for a terrible August industrial production report. That didn’t end up happening, although, manufacturing production was still down from last year. Some economists are saying the ISM report was way off because it asks firms how business … Read more

Things are so great the NY Fed is using tools it hasn’t used since 2008 for the 4th day in a row tomorrow. Buy stocks

https://twitter.com/Hipster_Trader/status/1174764250272845824 fed will initiate quantitative easing tmrw for the 4th day pic.twitter.com/5xPnQbyl4l — Alastair (@StockBoardAsset) September 19, 2019 new saying on wall street is 'a repo a day keeps the bears away' — Alastair (@StockBoardAsset) September 19, 2019 Until the Fed does $400BN in QE – or POMO for the sensitive types – funding markets … Read more