Via Global Macro Monitor, Markets are all lathered up over a China Trade deal? WTF. Alternatively, is the market higher because of just the cessation of hostility and talk the trade war is now “on hold.” Whatever the case, here is the exchange with Larry Kudlow and George Stephanopoulos on Read more…
In the period since, various former Facebook founders and Silicon Valley sicophants have had their 'come to Jesus' moments, recognizing and accepting that what they have created is indeed changing behaviors. Chamath Palihapitiya, former vice president of user growth at Facebook stated at a recent public discussion at the Stanford Read more…
One month after the Richmond Fed plunged by the most in 25 years, tumbling from 16 to -3 in April, its lowest print since Sept 2016, hope has come flooding back with the index rebounding strongly in May, printing at 16, well above the 10 estimate and at the top Read more…
Via Middle East Monitor, A leading German daily fired a cartoonist over anti-semitic views on Friday after he drew a caricature of Israeli Prime Minister Benjamin Netanyahu. He is dressed up as Israeli singer Netta Barzilai, who won this year's Eurovision contest. Suddeutsche Zeitung's Editor-in-Chief Wolfgang Krach apologised for the caricature, however Hanitzsch refused. Read more…
In the great race between JCPenney and Sears of which retailer will be the world's slowest melting icecube, and who will file Chapter 11 (or 7) first, today the former took a decisive lead when JC Penney's CEO Marvin Ellison unexpectedly announced he is leaving the near-insolvent department store operator Read more…
Republican consultant and former Trump campaign aide Michael Caputo claims that a different spy working for the Obama administration approached him in an attempt to infiltrate the Trump campaign during the 2016 US election. This informant, this person that planted, that they tried to plant into the campaign and even Read more…
When we commented yesterday on the question du jour, namely at what yield on the 10Y Treasury will stocks get hammered, especially with both the dollar and oil surging, we referenced a recent piece by Goldman's Ian Wright according to which the answer whether equities will perform well from here Read more…
In the great race between JCPenney and Sears of which retailer will be the world's slowest melting icecube, and who will file Chapter 11 (or 7) first, today the former took a decisive lead when JC Penney's CEO Marvin Ellison unexpectedly announced he is leaving the near-insolvent department store operator Read more…
Simply put, the higher this chart goes, the lower the market 'values' an Italian Euro relative to say a German Euro. and thus it is measuring the risk that the European Union – so long defended by Draghi et al. To correctly interpret the data on CDS prices, we need Read more…
Local police have released footage of last week's bizarre shooting spree at Trump National Doral Miami, a Trump-owned golf club, where one deranged anti-Trumper likely earned himself a lengthy prison sentence after firing back at police and shooting up the club. No members of the Trump family were staying at Read more…