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Finance


11 hours ago (via zerohedge.com)
Via StockBoardAsset.com,Earlier this year, JPM’s Racial Wealth Divide Initiative desk released an interesting report titled “The Racial Wealth Divide in Baltimore”. The report highlights the ever so growing wealth inequality that is spreading throughout America’s inner cities, and takes a dive into Baltimore City, Maryland.If you’ve ever been to Baltimore City, M

11 hours ago (via zerohedge.com)
With Trump desperate for a distraction from the daily Russian collusion media onslaught, and perhaps under the advice of his brand new counsel, Reuters reports that U.S. immigration agents are set to launch nationwide raids next week to arrest teenagers who entered the country without guardians and are suspected gang members, as part of President Donald Trump's crackdown on illegal immigrants. The

11 hours ago (via zerohedge.com)
Authored by Bill Bonner via InternationalMan.com,Win-win deals get people more of what they want. Win-lose deals – usually imposed by government – bring them less. The few (the insiders) use government to exploit the many (the rest of us).Win-lose deals also depress economic progress for everybody. Partly, this happens for an obvious reason.Dropping the atom bomb on Hiroshima was a tec

11 hours ago (via zerohedge.com)
After seemingly ignoring a whole host of a negative data points over the past several months, from collapsing sales volumes and soaring inventories levels to crashing used car prices, auto investors apparently couldn't see their way to ignoring Autoliv's abysmal earnings this morning.  A maker of automotive safety systems for various light vehicle platforms around the world, the $9 billion ma

11 hours ago (via zerohedge.com)
Authored by Danielle DiMartino Booth via Bloomberg.com,When adjusted for inflation, credit card usage has grown faster than incomes for 18 months...Are Federal Reserve stress tests leading economic indicators? That certainly seems to be the case. Just ask Capital One Financial Corp.As of the first quarter, credit card loss provisions at Capital One were above 5 percent, a six-year high. The compan

13 hours ago (via zerohedge.com)
Palestinian President Mahmoud Abbas said Friday he was freezing contacts with Israel until it removes metal detectors that were installed recently at the Temple Mount, one of Islam’s holiest sites, after three people died and 200 more were injured during deadly clashes at the site Friday afternoon, according to Reuters."I declare the suspension of all contacts with the Israeli side on a

13 hours ago (via zerohedge.com)
Authored by Lance Roberts via RealInvestmentAdvice.com,As you I discussed last week, we added risk exposure to portfolios with the breakout to new highs that came in conjunction with a short-term “buy signal” as shown below.However, when we zoom out a bit, a different picture emerges. Note that in all 3-cases, there was a “Stage-1 Advance” followed by a correction which led

13 hours ago (via zerohedge.com)
In the latest confirmation that "justice" in the US has become a sordid farce when it comes to the banking elite, moments ago the following two headlines from Reuters hit: U.S. DECIDES TO DROP CRIMINAL CHARGES AGAINST FORMER JPMORGAN TRADERS JAVIER MARTIN-ARTAJO, JULIEN GROUT IN 'LONDON WHALE' CASEU.S. SAYS DEFENDANTS LIVE OUTSIDE THE COUNTRY AND HAVE REFUSED TO DEFEND THEMSELVES IN NEW YORK, AND

13 hours ago (via zerohedge.com)
As Stocks soared...And today... The day started off badly with -- European stocks fell to the lowest level in 10 days as concern about potential antitrust collusion sent carmakers toward the worst decline in more than a year. Euro Stoxx 600 has now erased all the gains from the French Election euphoria... Nasdaq failed to achieve its 11th day in a row of gains as early European weakness

13 hours ago (via zerohedge.com)
Sometimes you just have to laugh... Source: Townhall.com




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