Succinct Summations for the week ending August 18th, 2017 Positives: 1.White House Strategist Steve Bannon is fired, giving hope for some policy stability in the future. 2. Initial jobless claims...
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Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade.
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The collusion allegedly ran...
Eventually, the entire financial system will be frozen solid and investors will have no access to their money.
Some of my readers were skeptical of this scenario. But I researched it carefully and provided solid evidence that this plan is...
``"Letting a few board members retire early and shuffling around current board members simply doesn't cut it," Warren said in an email. "The Fed should remove all remaining board members who served during the fake-accounts scandal."''
``This is simply incredible. Remember, we're talking about the Fed here... a group of people who go above and beyond to ignore risks in order to maintain the status quo... They say you don't ring a bell at the top. But what the Fed did yesterday...
`` Cohn wants Trump to name him chairman of the Federal Reserve Board of Governors, replacing Janet Yellen, whose term expires next February. It would be the perfect way for him to fulfill his boundless ambitions and also give him a graceful exit...
"This year, we had about 34 J-1 refusals that were reported to us. This is kind of a historic number," said Iqbal, who chairs the Committee on Young Physicians, which is a part of the Association of Physicians of Pakistani Descent of North...
The Real Reason Markets Swooned Yesterday It’s the same one that explains why they are rising today and might fall the day after. Bloomberg, August 18, 2017 In the 1927 book “Security...
25 Years ago today, Larry Bird retired from basketball. Bird was a 12-time NBA All-Star and was named the league’s Most Valuable Player (MVP) three consecutive times (1984–1986). He played his...
U.S. equities rose on Friday after multiple reports said Steve Bannon, one of President Donald Trump's top advisors, was leaving the administration.
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Tension between Bannon and other top advisors to Trump, including Chief Economic Advisor Gary...
A customer dining at Washington's Oceanaire restaurant noticed an unusual line at the bottom of his receipt: "Due to the rising costs of doing business in this location, including costs associated with higher minimum wage rates, a 3% surcharge...
... thinking about Trump as a lame duck who will just have to stumble through the rest of his presidency makes more sense, at least at the present moment, than expecting that Trump will be removed from office, whether by resignation,...
We are thrilled to announce a great addition to this November’s 2nd annual Evidence-Based Investing Conference in New York City. There are few people more plugged into the world of ETFs’...
Finish the week strong with our pre-weekend morning train reads: • The perils of calling the peak of the equities bull run (Financial Times) see also Seven Strategies for Investing at Market Peaks...
I’ve only seen a few of these rare DB11s around, mostly valet’d at restaurants or out on the East End of Long Island. The photos fail to capture just how gorgeous the sheetmetal — or should I say...
Two hundred and fifty years ago, a few miles south of here, Adam Smith began working on the Wealth of Nations. It was published a decade later, in 1776. So there were (at least) two revolutions...
The only way to systemically lower costs is to make prevention and transparency the top priorities.
As I have been noting for a decade, the broken U.S. healthcare system will bankrupt the nation all by itself. We all know the basic facts: the...
Trump's infrastructure council was still being formed but the President decided to end the process, the official said. No reason was given...
Trump was initially defiant when some business leaders indicated they would leave the councils.
"For...
Trump's order includes revoking an earlier executive order signed by President Barack Obama concerning projects built in flood plains, White House officials said. The Obama order required that such projects built with federal aid take rising...
Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump's ability to deliver his economic agenda.
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Concerns have grown over Trump's ability to push...
Your late night palette cleanser to wipe away all of the days news: click for ginormous graphic Source: New Scientist
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