Auto Stocks Slide On Reports US Car-Import Probe Is Advancing

Minutes before the close of a brutal trading day that saw the Dow dump more than 600 points, Bloomberg published a report that simultaneously stoked the worst fears of German carmakers and US investors who are desperately searching for a positive trade-related headline to reignite the rally. The headline sent shares of Ford and GM

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Nomura: This Was “Death By Papercuts” Mixed With Hedge Fund Redemption Panic

One day after the midterm elections, when the Dow soared by over 500 points on abysmal volume, the formerly bearish narrative immediately turned to how wonderful gridlock is for stocks, with Wall Street suddenly certain that based on historical patterns – according to which the market has levitated into year-end every single time after midterms

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Everyone On Wall Street Is Getting Bigger Bonuses This Year

It wouldn’t be the tail end of 10 years of Federal Reserve-catalyzed market manipulation and price euphoria if Wall Street executives didn’t get their share and cut themselves even bigger bonuses this year, just as the centrally planned party is about to end. And that is exactly what is happening. According to Bloomberg , traders,

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Things Fall Apart: “The Fed Can’t Keep It Going…”

Authored by Ben Hunt via EpsilonTheory.com, Foundation And Empire Thomas Cole, “The Consummation of Empire” (1836) Every vice of the Empire has been repeated in the Foundation. Inertia! Our ruling class knows one law; no change. Despotism! They know one rule; force. Maldistribution! They know one desire; to hold what is theirs. That quote is

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Maxine Waters Tells Trump: Californians “Wish He Would Keep His Mouth Shut”

As Democrats prepare to let the subpoenas fly early next year, Rep. Maxine Waters (D-CA.), who is preparing to become the first black female chairwoman of the House Financial Services Committee in January, reiterated her vow to investigate President Trump’s ties to Deutsche Bank – which she called “one of the biggest money laundering banks

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Trump Or Cheney? WSJ Asks “Who’s The Real American Psycho?”

The Wall Street Journal’s Maureen Dowd appears to have had enough of the hyperbole, hyper-short-memories, and hyped up virtue-signaling from the establishment. Reflecting on Adam McKay’s new movie “Vice” with Christian Bale playing Dick Cheney, Dowd gently nudges America back from the edge of the divisive Midterms to remember that much evil has come before…

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Goldman Crashes To 2-Year Lows As Malaysia Seeks “Full Refund” On 1MDB Deals

While US Financial stocks are generally a lot lower post-Midterms (Maxine Waters?), there is one TBTF bank that is drastically undeperforming… Goldman Sachs is down over 10% in the last two days as 1MDB deal drama comes back to bite them. As Bloomberg reports, Malaysian Finance Minister Lim Guan Eng said the nation is seeking a

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Italy’s Banca Carige Gets €320 Million Bailout From Interbank Fund

Update: Italy’s insolvent bank du jour, Banca Carige which was halted on Monday due to events profiled earlier (see below) has gotten a last minute lifeline, and after it was unable to raise €400MM in capital in the bond market, it received a €320MM liquidity injection from Italy’s Interbank fund, which plans to purchase €320m

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Gaza Mortars Slam Into Israeli Bus As 100 Missiles Unleashed; Major War Is Coming

There’s been a huge uptick in rocket fire out of Gaza on Monday following a dramatic Israeli special forces raid 3km into Gaza territory on Sunday to assassinate a top Hamas commander. And now an Israeli bus has been hit by Hamas fire out of the strip. First images of Israeli bus destroyed by Gaza mortar

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