TOWSON, Md. (WJZ) — Six of the seven people arrested this month for a murder in July in Towson are members of the violent street gang MS-13 and were in the country illegally, an Immigration and Customs Enforcement spokesperson said. The group members are part of a federal gang database. One of the suspects is just … Read more
via Zerohedge: Recent polls by the Pew Charitable Trust show that: 52% of Americans have an unfavorable view of the Democratic Party, with only 45% having a favorable view Americans feel the exact same towards the Republican party (52% unfavorable and 45% favorable) As we’ve repeatedly noted: 51% of Americans know the primary process is rigged More than half of … Read more
via Zerohedge: Of all President Trump’s critical constituencies, none have been asked to sacrifice as much as America’s farmers. Many midwestern farmers were already in a difficult spot when President Trump first came on the scene, hammered by low crop prices and farms teetering on the brink of bankruptcy. But in the nearly three years … Read more
via nationalreview: New Jersey’s Democratic governor, Phil Murphy, is expected to sign an executive order Tuesday that will leverage the state’s purchasing power to coerce gun retailers, manufacturers, and financial institutions to comply with a more stringent gun-control regime. Under the executive order, the state, which purchases an estimated $70 million in firearms and related equipment … Read more
from Financial Survival Network Dr. John Huber returned to FSN. While more than half of Americans rejected socialism in a recent Gallup poll, 43% surveyed said some version of it would be good for the country. That sentiment was held by 58% of respondents ages 18 to 34, compared with just 36% of those 55 and older. … Read more
By Nick Cunningham President Trump will soon unveil his plan for corn and ethanol producers, a kind of apology package after upending the market for ethanol in a recent decision that favored oil refiners. Last month, the EPA approved 31 waivers to oil refiners, absolving them of some of their requirements to buy and blend ethanol into … Read more
by Raúl Ilargi Meijer It’s undoubtedly better to leave some stories alone, and this may be one of them. Putin’s spokesman Dmitry Peskov perhaps put it best when he called it “pulp fiction” (and what’s more American than that?). But this one is so exemplary of how the news is cooked up for you these days, … Read more
by Crypto556 via usnews: LONDON (Reuters) – Germany’s 30-year government bond yield rose into positive territory on Tuesday for the first time in over a month, lifted by expectations for fiscal stimulus and uncertainty over whether the ECB will launch asset purchases this week. Germany can counter a possible economic crisis by injecting billions of euros … Read more
https://finance.yahoo.com/news/wework-mulls-governance-changes-save-010858187.html Both of its lead financial advisers — JPMorgan Chase & Co. and Goldman Sachs Group Inc. — have concerns about proceeding with an IPO that could value the company as low as $15 billion, the people said, asking not to be identified because the talks are confidential. That’s set off a push to make … Read more
Reports of layoffs today at: * Schwab* Electrolux* Uber https://t.co/MVkVHWij8i — Carl Quintanilla (@carlquintanilla) September 11, 2019 Uber has laid off 435 employees across its product and engineering teams, the company announced today. Combined, the layoffs represent about 8% of the organization, with 170 people leaving the product team and 265 people leaving the engineering team. The … Read more
While fiscal stimulus has been providing support for economy, its impact is ebbing@MoodysAnalytics @SoberLook pic.twitter.com/aQlok5ut8q — Liz Ann Sonders (@LizAnnSonders) September 9, 2019 – DEUTSCHE BANK SAYS ITS ECONOMISTS ARE NOW FORECASTING ANOTHER 100 BASIS POINTS OF RATE CUTS, SEE GROWTH FALLING TO BELOW 1.5% BY MID-2020, ASSUMING NO TRADE ESCALATION – DEUTSCHE BANK SAYS … Read more
via Otavio (Tavi) Costa: Large sums of investments into non-productive assets. Property developers accumulated $245 billion in FCF losses since 2008. Meanwhile, debt levels continue to reach record levels! Our views more in-depth: https://crescat.net/necessary-normal-and-inevitable/
via axios: Two separate surveys released on Monday showed an increase in the percentage of Americans worried about losing their jobs. The big picture: The surveys follow a worrisome trend in corporate downsizing that has been playing out for much of the year and picked up in August. What they’re saying: The New York Fed’s consumer credit report found … Read more
by SpontaneousDisorder Companies are selling bonds in Europe at the fastest pace on record. @TheTerminal pic.twitter.com/THwx4Oo44O — Lisa Abramowicz (@lisaabramowicz1) September 10, 2019 They’ve been selling at the fastest ever pace in the US too. Refinancings are popular because yields have fallen a lot.
Recessions in the eurozone.@TheEconomist via @SoberLook pic.twitter.com/gXB5S3xfXc — Adam Tooze (@adam_tooze) September 9, 2019
via Carl Quintanilla:
(Bloomberg Opinion) — A type of financial engineering that proved to be toxic during the financial crisis is slowly making a comeback as banks try to offset the risk of their borrowers not repaying their loans. Capital relief trades, or synthetic deals, are making a comeback — and Europe is about to refine the rules of … Read more
via wallstreetonparade: On January 26, 2018 the Dow Jones Industrial Average set a new record high of 26,616.71. Despite setting new highs multiple times thereafter, the moves were so negligible on a percentage basis that the reality is that the stock market has been a real dog over the past year and a half. This past … Read more
via CNBC: WeWork’s equity is really worth $14 billion — 70% below where it last raised money in private markets, NYU’s ‘dean of valuation’ Aswath Damodaran says. One key reason for Damodaran’s skepticism is WeWork’s real estate liabilities. By his estimates, the company has accumulated a $23.8 billion debt load, including lease commitments. “The hope is … Read more
