zerohedge April 18, 2018

Authored by Tad Rivelle via TCW.com, A financial asset is nothing more nor less than a claim on future cash flows. So, when asset prices motor ahead of incomes or profits, it means fundamental valuations have deteriorated. Let the fundamentals erode long enough and far enough, and financial instability is ensured. How could it be […]

zerohedge April 18, 2018

Earlier this month, reports that Apple is planning to start building its own chips sent shares of Intel spiraling more than 8% lower in what ended up being the chipmaker’s worst daily rout in more than two years. The chip initiative – codenamed “Kalamata” – is supposedly part of a larger strategy to make the […]

klee24.de April 18, 2018

The Electronic Privacy Information Center has filed a Freedom of Information Act lawsuit against the U.S. Immigration and Customs Enforcement regarding the agency’s use of forensic technology designed to hack cellphones. EPIC is attempting to clarify how ICE uses the devices to conduct warrantless electronic searches of cellphones and laptops along the U.S. border. The […]

klee24.de April 18, 2018

Washington, D.C. — During the nomination hearing for Mike Pompeo as Secretary of State, on April 12, Senator Rand Paul (R-KY), who is the only Republican senator that has publicly announced opposition to President Trump’s nomination of CIA director Mike Pompeo to become Secretary of State, told Pompeo that his nomination doesn’t appear to align […]

zerohedge April 18, 2018

Yesterday morning we highlighted that, after having been burned way too often by wind-socking stocks whose momentum now changes on a daily if not hourly basis, Dennis Gartman decided to give another asset class a try, ironically the same one that made him into a laughing stock several years ago when he predicted that “oil […]

zerohedge April 18, 2018

Prosecutors from the Eastern District of New York have released their suggestions for special master in the Michael Cohen case, the Southern District of New York revealed on Wednesday. Assuming Judge Kimba Wood decides to move ahead with a special master, one of the men (and they are all men) will be appointed to dig […]

zerohedge April 18, 2018

The blossoming feud between Trump top economic advisor Larry Kudlow and UN Ambassador Nikki Haley over whether Haley experienced a moment of “momentary confusion” when she revealed that the US was planning more Russia sanctions may finally be put to rest. That is, if a Bloomberg report about a notification delivered to Russia’s US embassy […]

zerohedge April 18, 2018

Authored by Raul Ilargi Meijer via The Automatic Earth blog, In Matthew 12:22-28, Jesus tells the Pharisees: Every kingdom divided against itself is brought to desolation, and every city or house divided against itself will not stand. In 1858, US Senate candidate Abraham Lincoln borrows the line: On June 16, 1858 more than 1,000 delegates met in […]