Consumer spending matches expectations +.3% as does the Dallas Fed +3.7. Carmen Segarra outs Goldman Sachs and the NY Federal Reserve.
Posts under ‘Corruption’
Consumer credit jumps again. ISDAFix interest rate rigging scandal gets referred for criminal prosecution, but will it be.
Deflation remains a persistent threat, credit markets agree. IMF director Christine Lagarde faces a formal investigation for fraud.
Durable goods orders jump but business spending slips. Goldman Sachs pays 3.15 billion to settle MBS fraud. Richmond fed gains.
Manufacturing data hits a 4-year high. Existing home sales rise as do prices. Bank of America pays a record 16.7 billion Dollar fine.
Standard and Poors figures that inequality is hurting the recovery. Bank of America faces another huge fine for fraudulent securities sales
Pending home sales slip, Dallas Fed gains, Black Knight reports higher, but slowing real estate prices, Lloyds bank gets fined for LIBOR.
Barclays gets accused of fraud related to HFT and dark pools. Q 2 GDP estimates get slashed. Spending and income matches expectations.
Economic data beats, TIC reports declines, Q-1 economic growth at -2%? The vampire squid strikes again. Chinese commodities scandal grows.
Chicago PMI beats expectations. personal income is up but spending falls in April. The British add criminal activity to their GDP estimates.