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The ‘Nightmare Before Christmas’ has nothing on this. Due to a processing error made by her local power company, one Ohio woman discovered earlier this month – to her abject horror – that she owed Penelec, her power provider, $284 billion, a figure that’s larger than the combined national debts of Hungary and South Africa. […]
From Cameron Crise, a former hedge fund trader and current macro commentator and strategist who writes for Bloomberg. The holidays are a festive time of fun and fantastical fairy tales told to young people, which explain the windfall of riches bestowed upon them. As it’s become something of a tradition for me to close out […]
A clip of the moment an alleged pipe bomb exploded at Port Authority around 6:30am on Monday morning has been released. BREAKING VIDEO: MOMENT OF EXPLOSION AT TIMES SQUARE SUBWAY STATION pic.twitter.com/bb6nEPwfqD — Breaking911 (@Breaking911) December 11, 2017 Meanwhile, according to Sarah Sanders, President Trump has already been briefed on the incident at the Port […]
A team of researchers at Stanford University have trained artificial intelligence algorithms to observe and study millions of images on Google Street View to determine how people vote by the make of their car. The algorithms were trained to recognize the make, model, and year of every car produced since 1990, in more than 50 […]
In a dramatic showdown on the Senate floor on Thursday afternoon, the Senate tax bill came this close to being killed by deficit hawks, and in the resulting chaotic aftermath, votes and debates which were scheduled for Thursday evening have now been pushed back to Friday morning. Who could have possibly foreseen it? Well, anyone […]
Presented with little comment… “For stuff like that, I’ll just ask Siri… who gets up at 8?” A Millennial job interview from @TheDanielBrea on Vimeo. http://WarMachines.com
How is it that 100 years after The Bolshevik Revolution there are still people saying the idea of socialism wasn’t so bad? British MEP Daniel Hannan exposes the ignorance of this line of thinking… in 100 seconds. How is it that 100 years after #BolshevikRevolution there are still people saying the idea of #socialism wasn’t […]
When the award-winning author of “The Big Short,” “The Blind Side” and “Moneyball,” stopped by Yahoo Finance yesterday to discuss his latest book, “The Undoing Project,” he was predictably asked for his next “Big Short” idea. And, after downplaying the value of his opinion, and those of everyone else for that matter, Lewis offered up […]
Noted civil rights activist and political hack Rev. Jesse Jackson has been accused of sexual harassment by a journalist who says the Chicago community organizer once grabbed her thigh and made a crude comment. In a post for “The Root,” writer Danielle Young accused Jackson of making “unwanted” advances and comments during a photo-op following […]
Well, with virtually everyone expecting a 300K+ payrolls number after last month’s negative hurricane-distorted print, and with whispers of a 400K print floating around, it only made sense that not only would payrolls disppoint, printing at 261K, one standard deviation below the 310K consensus estimate (and that even with a whopping 89,000 waiters and bartenders […]
The Spanish public prosecutor on Thursday ordered the country's High Court that the Catalonian secessionist leaders be jailed. An arrest warrant be issued for ousted Catalan president Carles Puigdemont and eight members of his former government. Investigative magistrate Carmen Lamela issued the ruling on Thursday at the request of prosecutors who are pursuing a criminal […]
Google searches for “melt up” are melting up… Source: Google Trends h/t @hmeisler http://WarMachines.com
Not only was there much confusion ahead of the September payrolls report, there was just as much confusion inside it, because while the market decided to ignore the 33,000 drop in payrolls (as per the Establishment Survey), the first monthly decline in 7 years and instead focus on the just as widely expected spike in […]
The utterly useless data gushed forth by The BLS this morning – affected dramatically in all directions by Irma and Harvey – did not worry the algos who sent Dec rate-hike odds soaring (to 80%) and sparked selling in bonds and stocks. December is a done deal on the back of statistically ridiculous data which […]
As noted earlier, Wall Street was completely clueless ahead of today’s payroll, with most expecting a small positive print but two brave forecasters went so far as to predict that the recent hurricanes would result in a negative print, and sure enough, moments ago the BLS reported that in September, the US economy lost 33,000 […]