Year: 2019

zerohedge January 17, 2019

Following reports that the Paris-based bank was considering disbanding its prop trading unit after notching an abysmal -20% drop in revenues in its trading business last year (adding to a streak of middling-to-poor returns), BBG reported Thursday afternoon that, for the second straight year, SocGen is planning to slash its bonus pool for traders – […]

zerohedge January 17, 2019

Authored by Lance Roberts via RealInvestmentAdvice.com, In August of last year, I wrote an article entitled “As Good As It Gets“ which discussed the record levels being set by a broad swath of economic indicators. To wit: “First, “record levels” of anything are records for a reason. It is where the point where previous limits were reached. Therefore, […]

zerohedge January 17, 2019

That China has had a problem with rising defaults is not news: as we reported back in October, 2018 was already set to be a record year for Chinese bankruptcies. Things only got worse in November and December when defaults spiked to 20.4 billion yuan ($3 billion) confirming that the supportive policies from the People’s […]

zerohedge January 17, 2019

One day after spooking markets by predicting that, in keeping with the infamous Lehman analog, equities may peak on Friday before taking another sharp leg lower, Nomura’s Charlie McElligott is double down by pressing on the “tactical bear” case, and in a note to clients writes that “for the first time in a long while, […]

zerohedge January 17, 2019

Statistics Canada said today the release of their monthly trade statistics will be delayed indefinitely due to the current shutdown of the U.S. government. Statistics Canada: “Trade statistics without Canada’s exports to the United States have limited use as a current economic indicator, as these exports represent approximately 75% of Canada’s total exports.” The U.S. […]

zerohedge January 17, 2019

Before the 2016 US presidential campaign, former Trump attorney Michael Cohen agreed to pay small IT firm to rig online polls in his boss’s favor, according to the Wall Street Journal.  And instead of the $50,000 he was promised, Cohen gave the man, John Gauger, a blue Walmart bag with between $12,000 and $13,000 in cash and […]

zerohedge January 17, 2019

Authored by Martin Armstrong via ArmstrongEconomics.com, The latest in Germany is now Merkel, who offered cash to refugees to return home last November, has stepped up her game and offered to pay their living expenses for one year if they return home. Billboards are appearing all over Germany making this latest offer. Believe it or […]

zerohedge January 17, 2019

A new Rasmussen poll found that President Trump and “insurgent” Democratic Rep. Alexandria Ocasio-Cortez (NY) would be neck and neck in a hypothetical 2020 presidential matchup. Were the 29-year-old Democrat old enough to run… A new Rasmussen Reports national telephone and online survey finds that, if the 2020 presidential race was between Trump and Ocasio-Cortez, 43% of Likely […]

zerohedge January 17, 2019

Authored by Judith Bergman via The Gatestone Institute, The decision to send the criminal inhabitants of the asylum center to the uninhabited island of Lindholm caused great relief in Bording — an element the international press appears to have missed. Clearly, the right of law-abiding citizens to live in peace does not count for much […]