Earnings Fail To Inspire: Financials Slump Into Red… And This Chart Should Scare Everyone

Despite what is being called “solid” earnings from financials this morning, the initial bounce in their stocks has faded quickly into the red…   However, there is a bigger problem that should be on everyone’s radar… As BMO’s Brad Wishak notes, XLF (the Financials ETF)…

“It’s Just Beginning”: US Futures Plunge As Global Rout Hammers Asia, Europe

It is a sea of blood red this October morning as the biggest market rout since February and the longest selloff of the Trump administration triggered a surge of global selling from the U.S. through Asia and spreading to Europe on Thursday, with markets from…

“Monster Move” In Treasuries Unleashes Global Market Rout

A sea of red has greeted stock traders across the world this morning after what one analyst called “monster moves” in U.S. Treasury yields. The bond rout that sent 10Y Treasury yields to the highest since May 2011 promoted by stronger than expected US economic data,…

A Carnival Of Claptrap: The Public Burning Of Brett Kavanaugh

Authored by Bill Bonner via Bonner & Partners, We arrive at the end of the week. Yesterday morning, the yard crew were putting up a stake on the Capitol lawn and laying around it a supply of tinder. It was to be a small fire……

CNN Founder Ted Turner: Network “Sticking With Politics A Little Too Much”

In a rare interview on CBS Sunday Morning with CNN founder Ted Turner, the billionaire and former media mogul said his former network now focuses “too much” on politics, and that he wishes the company would strive for more “balanced” programming between politics and other…

European Markets Rocked By Last-Minute Italian Budget Turmoil

European stock markets and the euro tumbled on Thursday after an early morning report that Italy’s long-awaited budget was facing a delay added to a groggy post-FOMC global mood after the third U.S. interest rate hike of the year. Italian bonds and stocks fell along…

Andy Xie: Change Is Coming & With It, A Reckoning

Authored by Andy Xie, op-ed via The South China Morning Post, Andy Xie says both China and the US have built their economies on financialisation while ignoring the people’s concerns, and the trade war will hasten the reckoning both countries need… The door for compromise…

Michelle’s ‘Becoming’ a Gazillionaire Book Tour

For those who forgot – or would like to forget – despite waking up every morning for eight years “in a house built by slaves,” America’s former first lady, Michelle Obama, indulged in 100 million dollars’ worth of vacations at taxpayers’ expense; wore haute couture;…

Trump Doubts Puerto Rico Hurricane Maria Death Toll Numbers, Liberal Media Hates It (REACTION)

As most of the country already knows by now, Trump tweeted Thursday morning that Democrats were inflating death tolls from Hurricane Maria in Puerto Rico the year before “in order to make me look as bad as possible.” Trump also attempted to explain how the…

Trump Advisors Stopped Tweet That Could Have Sparked North Korea War, Says Woodward

Bob Woodward told CBS in a Sunday morning interview that a war with North Korea was nearly triggered by an almost-sent Trump tweet, which White House staff prevented.   “He drafts a tweet saying ‘We are going to pull our dependents from South Korea — family members…