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For hackers, biometric data is the Holy Grail. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. In a move fraught with risk, Mexico, a country that has become a haven for the black market of stolen personal data of all kinds, is about to build a big biometric database to be used not just for the … Read more
by John Rubino One of the things giving “data-driven” central banks wiggle room on their pledge to tighten monetary policy is the fact there are several definitions of inflation. In the US the thing most people think of as inflation is the consumer price index, or CPI, which is now running comfortably above the Fed’s … Read more
via bloombergquint: Just think of the news as being produced by desperate freaked out Democratic operatives with bylines, and the above headline from Bloomberg Media makes perfect sense. (Classical reference in headline.) UNEXPECTEDLY: Guardians of the Galaxy Director Blames Trump, Sans Proof, for Newspaper Massacre. We’re used to seeing Twitter users politicize gun violence against President Donald Trump. This week’s … Read more
1984 Newspeak terminology: http://archive.is/caLZF
Fake news: http://archive.is/jkTw4
Risk will not be reduced with a merger with another troubled bank. Risk would increase. Stock is not driven by short-sellers. It is driven by earnings. The stock has moved down exactly with downgrades of earnings estimates. Deutsche Bank. I read all sorts of nonsense about it. Risk will not be reduced with a merger … Read more
via Bloomberg: A hedge fund that reaped an outrageous gain in February’s vol-mageddon is eyeing a fresh target. Houndstooth Capital Management LLC secured a 6,000 percent return from a bearish bet on an exchange-traded product tied to calm markets. Now, the $7.5 million fund sees trouble in an ETF designed to profit from the opposite … Read more
via politico: The Department of Justice and Securities and Exchange Commission charged a former Equifax software engineering manager with insider trading, prior to the disclosure that the credit-monitoring company had suffered a massive cybersecurity breach. Sudhakar Reddy Bonthu agreed to settle civil charges with the SEC and return gains he made through trades that the … Read more
Global stocks see biggest loss of investor cash since the financial crisis Investors pulled $12.4 billion from global stock-focused funds in June, the highest level since October 2008 amid the worst of the financial crisis. A slowing global economy is spooking some investors as are fears of a trade war. Emerging market stocks soared in … Read more
We have a 200 year rising wedge, and price is about to break down after backtesting it from below a 2nd time. The era for the US dollar is clearly over. #OOTT” https://twitter.com/graddhybpc/status/1012339084457635840
via NYHS: Sophisticated investors have been the victims of deception throughout our nation’s history. Jim Chanos and James Grant, "Fraud" from NYHS on Vimeo. Celebrated financial experts Jim Chanos and James Grant explore historical examples of businesses that became notorious after having been accused or convicted of defrauding their shareholders.
https://twitter.com/OccupyWisdom/status/1012787358457122824 That’s when they pay out more on deposits than they make on loans..so they stop lending. 📈 markets need liquidity 📉 #Fed hiking & destroying liquidity 📈#LIBOR up & 400T of loans & derivatives effected 📉yield curve inverting 📈 over 10% of corporations are zombie corps 📈nine yr into expansion 📉nine yr into a … Read more
Heat wave scorches U.S. Midwest and East MILWAUKEE (Reuters) – A blistering heat wave will sweep the U.S. Midwest and East on Saturday and Sunday, when temperatures and humidity levels are expected to reach well above normal. Tens of millions of Americans will be under heat warnings, watches and advisories as temperatures reach above 100 … Read more
The US president has reportedly tried to persuade his French counterpart to pull his country out of the European Union in return for better bilateral trade terms. AC
Published on Jul 24, 2016 Wow, almost brought tears to my eyes. Thanks man. Both sides need people like this, im glad to have him by my side. h/t MF
In 2014, a 19-year-old small town girl named Maria Jose Alvarado catapulted onto the world stage when her brilliant smile and sweet personality won her the Miss Honduras crown. With a freshly minted passport, she was set to compete for the prestigious Miss World title in London, a trip which would be the first plane ride of … Read more
by Charles Hugh-Smith All sorts of centralized organizations that appear rock-solid may well melt into air as the disintegrative dynamics gather momentum. Rising political and social discord that is generally being attributed to “populism” may actually be the re-emergence of ancient geographic and cultural fault lines. An often-overlooked manifestation of this might be the nation-state of … Read more
SEATTLE — While Seattle’s population is skyrocketing, the number of police officers has practically stayed the same as it was in the 1970s, according to the Seattle Police Guild. But now, a union leader says, there is a bigger problem. “I have never seen the number of officers who are leaving and the way they … Read more
https://www.youtube.com/watch?v=VGG13uOpzyw Who is financing these protesters. They all collect welfare, Medicaid and food stamps. So that means we are financing the protests. Scotman
https://youtu.be/e9MdKGJmRdA Lucid and rational. The reason liberals fail at foreign policy is they assume everyone is motivated by non-economic factors because they are not motivated by economic factors… and lacking true empathy (ability to understand anothers motivations) they are unable to get along. SP