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Cohn: Overseas Cash Could Be Used For Stock Buybacks (I.E. CONTINUED PROPPING)

``"We're not going to put conditions on it," Cohn told Yahoo Finance. "We need to get the money back into the United States. There's trillions of dollars offshore." Cohn said he's okay with companies using the money as they wish. "If they buy back stock, okay so they buy back stock," he said. Show More Summary

Ray Dalio's Shorting The Entire EU; Derivs-Clearing Could Be EU's Brexit Achilles Heel

Great compilation today by Raul Illargi. On the derivatives-clearing issue: Calling into question the continuity of tens of thousands of derivative contracts, [Carney] stated that it was "pretty clear they will no longer be valid", that this "could only be solved by both sides" and has been "underappreciated" by Europe. Show More Summary

How money will divide Europe after Brexit

``Those hoping for greater generosity on the part of the remaining rich countries are likely to be disappointed. With German Chancellor Angela Merkel weakened following her poor performance in the federal election, Germany will be even...Show More Summary

‘Sometimes you don't feel human' -- how the gig economy chews up and spits out millennials

The upsides of this sort of work have diminished over time. Huws says the golden age for the gig economy was some time around 2013, when companies took a smaller cut and there were fewer drivers/riders/factotums to compete with. "AsShow More Summary

Gloom Boom & Doom Editor Faber Goes "Boom" With Racist Outburst

``Veteran investor Marc Faber left the boards of money manager Sprott Inc. and mining companies Novagold Resources Inc. and Ivanhoe Mines Ltd. after he claimed in his newsletter this month that "the U.S. would look like Zimbabwe" if it had been settled by black people instead of whites... Show More Summary

Asset Prices & Monetary Policy in an Irrational World - Whalen

As with many other sectors, in large-cap financials there was little excitement, no alpha -- just slightly higher loss rates on loan portfolios that are growing high single-digits YOY.  Yet equity valuations are up mid-double digitsShow More Summary

Why Have Investigations of Wall Street Disappeared from Corporate Media?

As recently as two months ago, the Wall Street Journal's editorial board was again attempting to write a revisionist history of the criminal conduct on Wall Street that led to the 2008 financial crisis -- the greatest economic bust in America since the Great Depression. Show More Summary

Varoufakis tells Macron to adopt the ‘empty-chair' tactic

``More than fifty years ago, in 1965, French President Charles de Gaulle withdrew his ministers from the Council of the EU, de facto vetoing all decisions. According to Yanis Varoufakis, former finance minister for Greece, Macron should consider refreshing this tactic -- but for the opposite reason. Show More Summary

Senators Reach Deal to Fund Subsidies to Health Insurers

Two leading senators have reached a bipartisan deal to provide funding for critical subsidies to health insurers that President Trump said last week that he would cut off, Senator Lamar Alexander, Republican of Tennessee, said Tuesday. Show More Summary

What Debt Crackdown? China's Banks Are Binging on Bonds

China's banks are still bingeing on short-term financing, defying analyst predictions that they would wean themselves off such debt as regulators intensify a crackdown on leverage. Sales of negotiable certificates of deposit -- a key...Show More Summary

New Jersey offers $7 billion in incentives in attempt to lure Amazon to Newark

``New Jersey is offering Amazon $5 billion in tax incentives over the next 10 years and upon the creation of 50,000 jobs, Mr. Christie said. In addition, Newark is offering a property-tax abatement potentially worth $1 billion and another $1 billion that Amazon's new Newark workers would gain over 20 years from the city waiving its local wage tax, the governor said.''

Living Free and Clear of Mortgage the Good and the Not-so-good

It is every American’s dream to be free of debt, most especially mortgage debt. To some people being mortgage-free seems too impossible. However, it can be very achievable to be free and clear of a mortgage. According to a report released...Show More Summary

Goldman Sachs thinks we're heading into a bear market

``The trio calculated a risk index based on the Shiller price-earnings ratio (the price of S&P 500 stocks divided by the average of 10 years of earnings, adjusted for inflation), the US ISM manufacturing index, unemployment (very low), the bond yield curve, and core inflation. Show More Summary

HSBC Tries To Sell Stake in Times Square Office Tower, Once Lost By Macklowe, for $445M (VALUED ABT. $250 mln in 2010)

According to The Real Deal, "The 44-story tower was built in 1990 as the headquarters of German publisher Bertelsmann. In 2006, Vornado Realty Trust bought the retail space for $260 million. A year later, Harry Macklowe paid the Blackstone Group $830 million for the office portion of the property. Show More Summary

How to Secure Yourself from Phishers

The FTC has issued a public warning against malicious email attacks by hackers, also known as phishers, who can lure buyers into wiring their down payment money into a wrong account.   In the 21st century, information is king. Data is a weapon that can be used to gain profit or spread influence. Show More Summary

China's mortgage debt bubble raises spectre of 2007 US crisis

City residents in their 20s and 30s view property as a one-way bet because they've never known prices to drop. At the same time, property inflation has seen the real purchasing power of their money rapidly diminish."Almost all my friends...Show More Summary

A flawed argument used by Warren Buffett could be setting stocks up for 'one of the worst disasters in history'

Speaking in an interview with CNBC on October 3, the chairman and CEO of Berkshire Hathaway said, "Valuations make sense with interest rates where they are."..."It's an incomplete sentence," Hussman wrote in a recent blog post. "Unfortunately,...Show More Summary

Congress Votes To Lavishly Subsidize Flood Hazard In "Real US States" While Giving Puerto Rico a Lump of Coal

The House approved the debt forgiveness in a 353-69 vote on Thursday. As The Intercept previously reported, the bill cancels two-thirds of the flood program's debt while offering Puerto Rico a $5 billion loan from the U.S. Treasury--a...Show More Summary

Grim reality of NAFTA talks sets in after tough U.S. opening demands

"The atmosphere is complicated," one trade official told reporters, adding that his fears about some "pretty harsh, pretty horrible" demands from the U.S. side of the negotiating table were coming true... One of the U.S. proposals unveiled...Show More Summary

Russia Unveils 'CryptoRuble' As Assange Thanks US Govt For His 50,000% Gain On Bitcoin

``In 2010 - following the release of sensitive government documents related to wars in Afghanistan and Iraq - John McCain and Joe Lieberman led a bipartisan attempt to cut off WikiLeaks funding by forcing 'traditional' payment systems to block them... Show More Summary

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