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.
Posts under ‘Corruption’
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.
Credit Suisse pleads guilty to tax evasion, HSBC, JP Morgan and Credit Agricole charged with rigging markets. Median income tells a story.
The cliff notes version of my thoughts and concerns relating to the economy and investing at the end of the first quarter.
Bill Moyers nails it, about time the mainstream media discussed this. When corporations control the state it is by definition…Fascism.
Mixed but not overly significant economic data today. Market news today is truly Orwellian and redefines the definition of double-speak.