Implode-O-Meter:
 
Bolivia"s President Declares "Total Independence" from World Bank and IMF
7/25/2017 7:00 PM
``Morales has said Bolivia"s past dependence on the agencies was so great that the International Monetary Fund had an office in government headquarters and even participated in their meetings. Bolivia is now in the process of becoming a member of the Southern Common Market, Mercosur and Morales attended the group"s summit in Argentina last week. ""...Read More
 
Take money out of US, says Russell Investments top forecaster
7/25/2017 7:00 PM
``Stephen Wood, the chief market strategist at Russell Investments, believes the bull run is on borrowed time. He says investors should pull some house chips off the table. "Valuations are being decreasingly supported by the fundamentals in the U.S. market," said Wood on Monday"s "Trading Nation." "We would say after eight-plus years of a strong ra...Read More
 
How Big Of A Deleveraging Are We Talking About?
7/25/2017 7:00 PM
When credit creation can no longer be sustained the markets will begin to "clear" the excesses. It is only then, and must be allowed to happen, can resources be reallocated back towards more efficient uses. This is why all the efforts of Keynesian policies to stimulate growth in the economy have ultimately failed. Those fiscal and monetary policies...Read More
 
Nobody Really Knows What the Fed Does, but They Think It"s Bad Anyway
7/25/2017 7:00 PM
``A recent WalletHub survey found that 16 percent of Americans think the Federal Reserve is in charge of consumer credit scores (it isn"t), and more than half have no idea when the Fed last raised interest rates (last month). Many have no idea who Fed chair Janet Yellen is... Roughly one in seven Americans thinks the Federal Reserve ought to be abo...Read More
 
Australian housing market at risk of crash: UBS
7/25/2017 7:00 PM
``The Australian housing market has peaked and could crash if the country"s central bank raises rates by too much or too quickly according to researchers at the Swiss bank, UBS. "...Read More
 
Och-Ziff Bets On Camp-Counselor Wunderkind Who Cut Teeth in Mortgage Collapse Aftermath for Redemption
7/24/2017 7:00 PM
... in the wake of a bribery scandal that spooked clients and blew away a third of its assets, the fund"s fate is in many ways now in the hands of a little-known 34-year-old named Jimmy Levin... Back in February, Och shocked many on Wall Street by elevating Levin, the star of the firm"s credit business, to co-chief investment officer and handing hi...Read More
 
Trump Says Yellen, Cohn Both in Running to Be Fed Chair
7/24/2017 7:00 PM
``Trump told the Wall Street Journal in an interview on Tuesday that Yellen, 70, whose term as chair expires in February, "is in the running, absolutely," adding that he respected and liked her personally. "I"d like to see rates stay low. She"s historically been a low-interest-rate person," he told the newspaper, according to its website."" -- I.e....Read More
 
SEC concludes initial coin offerings are securities
7/24/2017 7:00 PM
``The regulator is cautioning investors that offers and sales of "initial coin offerings" or "token sales" by "virtual" organizations using distributed ledger or blockchain technology are subject to the requirements of the federal securities laws. Issuers of distributed ledger or blockchain technology-based securities must register offers and sales...Read More
 
In Scaramucci, Wall Street finds an important White House ally
7/24/2017 7:00 PM
To be sure, there"s been a little head-scratching. Some on the Street had anticipated seeing Scaramucci in a role more closely tied to finance, not running the White House"s message machine. "The fact is that the appointment to a lot of us is sort of puzzling," said Michael Cohn, chief investment strategist at Atlantis Asset Management, a boutique ...Read More
 
Not-So-Honest Abe
7/24/2017 7:00 PM
``"Each poll has shown that, unlike earlier dips in Abe"s approval ratings, the slump is driven by falling trust in Abe himself and not disapproval of his policies. Abe himself is the problem, and it"s not at all clear what he can do to regain the public"s trust after months of battling scandal allegations. For me, that"s the main reason for believ...Read More