10 Dead, Troops Deployed, Water Rationed As Indians Riot: “We Are Here To Die”
The Jats are angry. Violent protests by the rural caste have left 10 dead and 150 injured in Haryana, India where the government has sent 4,000 troops and 5,000 paramilitaries…
Read moreLife In America’s Unhappiest City
Via SaveScranton.com, This video first premiered on NEPA Scene a couple of days ago. [embedded content] The documentary begins with an explanation that Scranton has won the ignoble title of…
Read moreCable Tumbles As Brexit Fears Resurge After BoJo Backlash
Friday afternoon saw chaotic trading in GBPUSD (cable) as headlines flip-flopped before finally settling on a “deal” had been agreed between Cameron and The EU. Hope was high that this…
Read moreThe Next Shoe Just Dropped: Equity NAVs Of 348 CLOs Slide Below Zero; “Market Changed Dramatically In 6 Weeks”
At the peak of the last financial crisis, as the credit liquidation wave was jumping from one highly levered product to the next, one of the hardest hit sectors was…
Read moreMore “Ivory Tower” Lunacy
Authored by Mark St.Cyr, Many times when I’m speaking with others and make reference to “Ivory Tower” types I can tell the reference either gets lost or, is not fully…
Read moreTrump: Finally, The Acceptance Comes… And The Gloating
On Saturday night, all doubts about whether Donald Trump was a serious contender for the White House were erased. That’s not to say he’s locked up the nomination. But with…
Read moreSlippery Slope: Paying for Oil Data in Advance (Video)
By EconMatters API and Genscape providers are a slippery slope for financial markets and equal access to information by market participants. The CFTC needs to review the role that…
Read moreShould Recessions Be Feared & Avoided?
Submitted by Pater Tenebrarum via Acting-Man.com, Should Recessions be Feared and Avoided? Back in 1969, a monograph by Murray Rothbard was published as a small booklet. Its title was “Economic…
Read moreBets On The Fed Going ‘Negative’ Are Soaring
As we detailed initially here, and followed here, there is a clear and present danger – no matter what the vareious Fed speakers say – that The Fed will be…
Read moreIt Was True After All: The Government Is “Breathing Down The Neck Of Banks To Limit Their Energy Exposure”
While MatlinPatterson’s Portfolio Manager Michael Lipsky can’t wait to enter the distressed junk bond space, thanks to “$74 billion in debt trading at under 25 cents on the dollar, and…
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