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Finance


28 minutes ago (via zerohedge.com)
As the mainstream media's desperate attempt to salvage it's reputation by discrediting "fake news" sources (otherwise known as any media outlet expressing a right-of-center opinion) rages on, Morning Consult has released a new poll ranking the "credibility" of the various print and TV media sources.The major networks, ABC, CBS and NBC, ranked highest in credibility while the cable news outlets fel

28 minutes ago (via zerohedge.com)
Submitted by Gail Tverberg via Our Finite World blog,Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation:(1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments.If we want any kind of specialization, we need some sort of long-term obligation that will make that specialization worthwhile

28 minutes ago (via zerohedge.com)
While China has been busy de-escalating the recent diplomatic spat with president-elect Donald Trump, with Beijing going so far as to call Trump's ambassador to China, Terry Brandstad, an "old friend", in a less diplomatic-context it is busy pushing every bellicose, nationalist button it can find. In a Thursday editorial in Global Times, China said it should "significantly" increase military spend

28 minutes ago (via zerohedge.com)
Georgia Secretary of State Brian Kemp is anxiously wondering, as are we, why someone with a Department Of Homeland Security IP address would try to hack into his State's voter registration database.  Even though DHS offered cyber security help to states prior to the election, the Wall Street Journal notes that Georgia was one of the states that specifically denied assistance.The secretary of

28 minutes ago (via zerohedge.com)
Submitted by Tho Bishop via The Mises Institute,With the media attention focused largely on the president-elect’s antics going on in Trump Tower, the lame duck Congress pushes on largely overlooked. Unfortunately that’s when the legislature can be most dangerous.For example, while the country has spent most of the week debating whether Donald Trump’s deal with Carrier Air Conditi

28 minutes ago (via zerohedge.com)
For the first time in two decades, according to a new study released by the U.S. Department of Health and Human Services, the life expectancy of the average American declined in 2015.  Of course, with America's obesity epidemic spiraling out of control it probably shouldn't be a surprise that the occurrence of deaths related to America's number 1 killer, heart disease, is on the rise (see "Fa

28 minutes ago (via zerohedge.com)
Back in February, the stock of Restoration Hardware crashed after it announced dreadful quarterly earnings and slashed its guidance, however it somewhat redeemed itself after the company came up with the most original of excuses heard in a long time: in an exercise of absurd reflexivity, RH blamed its own falling stock price on its poor results: "Historically, our business has a correlation to lar

2 hours ago (via zerohedge.com)
Submitted by Simon Black via SovereignMan.com,Let’s say you have two equal size safety deposit boxes.One box you completely fill up with stacks of $100 bills.The other box you fill up with gold.Which of the two is “worth” more?It’s easy to calculate. A stack of 100x $100 bills is 6.14 inches long, 2.61 inches wide, and 0.43 inches tall.That’s a volume of 6.89 cubic in

2 hours ago (via zerohedge.com)
There isn't anything wrong with a little paranoia -- especially when someone is actually out to get you. For the past year, we've heard nothing but horrible things about Trump, how is was 'literally Hitler', an orange pussy grabbing megalomaniac who'd usher in a black age of nuclear fallout and wanton dictatorship. Assholes like Mark Cuban warned of imminent market crashes upon the miracle of him

2 hours ago (via zerohedge.com)
Invaluable advice..."seriously you are not fucking listening" Stocks surged to record-er highs early on...Small Caps were today's best performer (up over 1.5%!), 13th record close for The Dow post-Trump On the week, Small Caps are up over 5.5% post-Italy! Pushing the S&P 500 near cycle high P/Es... But Casino stocks stumbled on Macau capital controls chatter..




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