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Finance


1 hour ago (via zerohedge.com)
Iron ore led a slump in industrial commodities after Moody’s Investor Service downgraded China’s credit rating and warned that the country’s debt position will worsen as its economic expansion slows. However, one glance at the divergence between industrial metals' collapse and the sudden buying panic in Chinese stocks confirms what Asher Edelman noted yesterday about the US m

1 hour ago (via zerohedge.com)
Montana Republican congressional candidate Greg Gianforte reportedly "body slammed" Guardian reporter Ben Jacobs during an interview after being pressed for his opinion on the CBO healthcare score. Gianforte is the Republican candidate in Thursday's special election for Montana's open U.S. House seat."I'm sick and tired of you guys! The last time you came in here you did

1 hour ago (via zerohedge.com)
Authored by Richard Rosso via RealInvestmentAdvice.com,The financial services industry is headed for the greatest debate in recent history.Regardless of what occurs from here –a continued stock market bullish trend or reversion to long-term averages which chronicles back to 2000 levels, the confines of discussion, the heated verbal and written volleys tossed deep from the roots of philosophi

1 hour ago (via zerohedge.com)
At the end of April, we showed that the California housing market is getting just a "little frothy" again, when in the span of a few days a simple 2-bedroom house sold for 40% above asking.  Now, according to a recent analysis by CoreLogic it appears that this was not a one-off event, because as many Californians struggled to gain a foothold in homeownership early this year, they were hindere

1 hour ago (via zerohedge.com)
Authored by Nick Cunningham via OilPrice.com,The highly-anticipated OPEC meeting is taking place this week, but unlike the last few meetings, the hype and excitement is much less palpable. That is largely because the end result is thought to be a foregone conclusion.Last week, Saudi Arabia and Russia telegraphed the events of the May 25 meeting, announcing support for a nine-month extension of the

1 hour ago (via zerohedge.com)
First VIX dumped-n-pumped this morning, then Russell 2000 (ETF and Futures) flash-crash at lunch time, and now, amid heavy volume, someone decided it was the perfect time to panic-buy S&P, Dow, and Nasdaq futures... Very heavy volume for early asia trading... Some contest to Russell 2000's and VIX's earlier flash crash... Th hunt for a narrative to explain this utter far

1 hour ago (via zerohedge.com)
The majority of Americans don’t think Trump should be impeached.The Hill reports:A majority of American voters say there is no evidence of collusion between members of President Trump’s campaign and Russia and most are doubtful that investigations into the matter will lead to impeachment. Those are the results of the new Harvard-Harris survey, provided exclusively to The Hill, whi

1 hour ago (via zerohedge.com)
Authored by Kevin Muir via The Macro Tourist blog,A few readers have asked me to tell more stories about trading. They encouraged me to share more of my experiences throughout the years.After giving it some thought, I decided that instead of taking the easy road and recounting a tale of when I was fortunate enough to nail some trade, I would approach from the opposite direction. In keeping with my

1 hour ago (via zerohedge.com)
Crazy John McAfee from the jungles of Belize is running a tiny company, specializing in cyber-security and mining bitcoins.Revenues for the last quarter eclipsed $300k, based solely on mining activities.The stock has been stuck in retard range, thanks to a pending SEC execution.Nevetheless, McAfee says his little offal of a company will be profitable by year end -- all thanks to bitcoins. "We will

3 hours ago (via zerohedge.com)
Authored by Paul Craig Roberts,Those of us who have exited The Matrix are concerned that there are no checks on Washington’s use of nuclear weapons in the interest of US hegemony over the world.Washington and Israel are the threats to peace. Washington demands world hegemony, and Israel demands hegemony in the Middle East.There are two countries that stand in the way of Washington’s wo




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