Monthly Archive: September 2016

GDP Estimates Do Not Indicate Overheated Economy

Earlier this week, the third revision to second-quarter GDP came in at 1.4%, up from the prior estimate of 1.1%. At least that is headed into the right direction. The Atlanta Fed forecast for third-quarter...

Trump Violated Embargo Against Cuba

It is hard to keep up with the ongoing scandals that keep emerging on a daily or even hourly basis for the Trump campaign. And that’s not even including Trump’s misogynist attacks on former...

Deutsche Bank Liquidity Problems Grow

It looks like Deutsche Bank (DB) could be in the early stages of a death spiral and the implications for the world’s financial system are, once again, enormous. The stock, which was already at 30-year...

Stumpf's Days May Be Numbered At Wells Fargo

Things aren’t getting any better for Wells Fargo and the pressure continues to build for CEO John Stumpf. Yesterday, Stumpf was grilled by the House Financial Services Committee and took heat from both sides...

Polls Show Clear Debate Victory For Clinton

The initial polls about who won the first debate are in and it shows a decisive and overwhelming victory for Hillary Clinton: Those are pretty astounding numbers but entirely understandable if you watched the entire debate. But...

Government Shutdown Looks To Be Averted

It looks like the government shutdown will be averted thanks to Paul Ryan and Nancy Pelosi agreeing to add an amendment to a water bill that will ensure that there is some funding for...