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Finance


46 minutes ago (via zerohedge.com)
Imagine this movie-script: a former KGB spy, angry at the collapse of his motherland, plots a course for revenge... narrates the ominous sounding voice of Morgan Freeman. The hysteria continues, and this time Hollywood has been enlisted. No this is not The Onion, but yet another serious committee for serious people. Meet the "Committee to Investigate Russia" which launched on T

46 minutes ago (via zerohedge.com)
With stocks at all time highs, Dennis Gartman, who took the time to make a quick mockery of cryptocurrencies in his latest letter, is starting to get nervous on risk assets, pointing out what he calls an "anomaly." Below are the selected excerpts from his latest note: THE S&P FUTURES: They Rise While Volume Falls!: We are still erring bullishly of the equity market, but we do find it passing s

46 minutes ago (via zerohedge.com)
Let the farce begin.The Fed meets today to discuss whether or not to begin shrinking its balance sheet.  The financial media informs us that this is the single most important Fed meeting in years and that its coming announcement is a game-changer.Give me a break.The Fed will NEVER let its balance sheet shrink to a relatively normal level. The simple fact is that the ENTIRE move in the markets

46 minutes ago (via zerohedge.com)
Now that hopes for a bipartisan deal to fix Obamacare are dead and the Republicans are pushing on with a last-minute scramble to repeal Obamacare ahead of a Sept. 30 legislative deadline in hopes third time will be the charm, on Wednesday morning just after 8am, President Trump slammed Sen. Rand Paul for being a "negative force" on health care."Rand Paul is a friend of mine but he is such a negati

46 minutes ago (via zerohedge.com)
Via The Wall Street Journal's Editorial Board,Congress needs to learn how the FBI meddled in the 2016 campaign.When Donald Trump claimed in March that he’d had his “wires tapped” prior to the election, the press and Obama officials dismissed the accusation as a fantasy. We were among the skeptics, but with former director James Comey’s politicized FBI the story is getti

46 minutes ago (via zerohedge.com)
Hurricane Maria made landfall near the city of Yabucoa, Puerto Rico, at around 6:15 am Wednesday, according to the National Hurricane Center, battering the densely populated eastern side of the island with torrential rains and 155 mph gusts as hundreds of thousands of people hunkered down in one of the island's 500 storm shelters in hopes of riding out the second major hurricane to impact the

46 minutes ago (via zerohedge.com)
Spanish police arrested top-ranking Catalan officials including the region’s junior economy minister Josep Maria Jove, as Madrid launched a crackdown on Catalonia over the upcoming Independence referendum Reuters reported. Jove, who is a senior member of the Republican Left of Catalonia political party, was detained following a Wednesday morning raid carried out by Spain’s Civil Guard, which h

2 hours ago (via zerohedge.com)
“This Is Where The Next Financial Crisis Will Come From” By Zero HedgeIn an extensive, must-read report published on Monday by Deutsche Bank's Jim Reid, the credit strategist unveiled an extensive analysis of the "Next Financial Crisis", and specifically what may cause it, when it may happen, and how the world could respond assuming it still has means to counteract the next economic

2 hours ago (via zerohedge.com)
Fed Poised to Set Portfolio Reduction Plan in Motion (WSJ)Dollar close to 2015 lows as conflicted Fed prepares policy update (WSJ)The Risk of a New Economic Non-Order (El-Erian)A last, last chance: Republicans strain for Obamacare repeal (AP)McConnell Won’t Promise Obamacare Repeal Vote as Foes Mobilize (BBG)Jimmy Kimmel Rips Into GOP Health Bill for Failing ‘Kimmel Test’ (BBG)Stress at UN N

2 hours ago (via zerohedge.com)
Across central Mexico, rescue workers including soldiers and volunteers worked late into the night Tuesday to free the living who were still trapped in the rubble of collapsed buildings following Mexico's deadliest earthquake in more than 30 years.The death toll from the 7.1 magnitude quake – which bizarrely occurred on the anniversary of a 1985 quake that left 5,000 dead – has cli




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