Implode-O-Meter:
 
Trade Acrimony With Canada -- Yes, It Can Flare Up Into Full-Scale Trade War
6/16/2018 7:00 PM
``If Trump continues waging a trade war, this will almost certainly lead to a revival of old-fashioned Canadian nationalism. The Conservative Party could readily use the conflict to ride back into power, toppling Trudeau"s Liberals, much as the Conservatives did repeatedly so many years ago."...Read More
 
Venezuela Orders Government Services to Accept Any Cryptocurrency
6/16/2018 7:00 PM
``Venezuela"s president Nicolas Maduro has ordered the country"s consular services, as well as several other services and gas stations, to accept any cryptocurrency including the nation"s own petro. In addition, he has announced the launch of another cryptocurrency, this time backed with gold."" -- Oh-so ironic (this really says more about the shor...Read More
 
Catty Wells Fargo Retaliation Against Critics Has A Long History
6/16/2018 7:00 PM
Catty Wells Fargo Retaliation Against Critics Has A Long Cold & Calculated History That Goes Back Nearly A Decad...Read More
 
Wells Fargo Was The Willy Wonka Of Booze, Drugs & Sex
6/15/2018 7:00 PM
Wells Fargo Was The Willy Wonka Of Booze, Drugs & Sex If You Had The Golden Ticke...Read More
 
Here"s how the ECB just breathed new life into the dollar rally, analysts say
6/15/2018 7:00 PM
By guaranteeing that it will sit on its hands for at least a year when it comes to raising interest rates, the European Central Bank sank the euro Thursday and potentially gave the dollar fuel for a long-running rally, analysts said....And this might just be the opening act for a theme that could endure for at least 12 months. While the Fed is expe...Read More
 
Why the Fed Tweaked an Obscure Interest Rate This Week
6/14/2018 7:00 PM
The interest rate on excess reserves plays a supporting role to the fed funds rate in monetary policy. Previously, the Fed set the interest rate on excess reserves at the same level as the top of the- fed funds rate. But on Wednesday the Fed said the interest rate on excess reserves would now be set 0.05 percentage point below the top of the range....Read More
 
The court"s decision to let AT&T and Time Warner merge is ridiculously bad
6/14/2018 7:00 PM
The decision surprised almost everyone -- not necessarily that AT&T and Time Warner had won, but that Judge Leon allowed the merger to go through with no conditions or prohibitions on their behavior at all. In fact, Judge Leon"s opinion seems downright excited for the two companies, while systematically discounting the government"s case at every tu...Read More
 
Cryptocurrency Manipulation Study Is Underwhelming
6/14/2018 7:00 PM
``The four basis-point increase in Bitcoin prices explains less than 1 percent of the variance. While it technically meets normal standards of statistical significance, given the guesswork the authors had to do to collect data and the complexity of the analysis, I consider it more likely to be noise than signal."...Read More
 
Citibank fined $100 million for LIBOR manipulation
6/14/2018 7:00 PM
The bank settled with attorneys general in 42 states for $100 million. Following an investigation, the states said Citibank manipulated Libor, a benchmark interest rate that helps set lending rates across the world....This is the third bank that settled with state attorneys general for illegally influencing the Libor. Barclays, Deutsche Bank and no...Read More
 
Tesla short-sellers have been getting creamed; why they"re still betting against Elon Musk anyway
6/14/2018 7:00 PM
Musk has maintained that Tesla does not need to raise equity or new lines of credit this year. But Goldman Sachs predicted Tesla will need to raise $10 billion by 2020 to keep going. Darius Brawn, a hedge fund veteran who previously worked as a portfolio manager for SAC and Citadel, told CNBC he thinks $10 billion is a conservative estimate. He cit...Read More