Business

According to its latest daily update, Canada's biggest non-bank lender Home Capital Group showed the rate of withdrawals by depositors was slowing, one day after the company raised doubts about its ability to continue as a going concern, albeit for a simple reason: there are almost none left. In other words, over the past six weeks, depositors have withdrawn 94% of funds from Home Capital's high-interest savings accounts since March 28, when the company terminated the employment of former Chief Executive Martin Reid.

With oil prices spiking nearly 10% from last Friday's sudden, capitulation "flash crash" which was perhaps driven by Pierre Andurand liquidating his entire long book, there has been a scramble by analysts to "fit" the narrative to the price action and the sudden change in momentum, most notably by Goldman, which continues to pump one after another bullish crude note, we suppose because Goldman's prop trading desk still has some oil left to sell to clients.

Authored by Kevin Muir via The Macro Tourist blog,

We all know Buffett’s line about sitting around the poker table, but too often, we fail to apply it in our day to day trading or investing. It’s easy to fall for the latest story sweeping Wall Street without thinking about the next move, or who the narrative benefits. I am by no means immune.

We recommend viewing the full-size version of today’s infographic by clicking here.

Everyone knows that the U.S. Federal Government has roughly $20 trillion of debt. A question we often get, however, is who exactly owns all these treasuries? And if it’s held abroad by countries like China, what portion do they hold?

Today’s infographic comes from TitleMax, and it looks at who owns U.S. debt internationally, as well as the debt from other countries that is held by the U.S.

Courtesy of: Visual Capitalist

In the aftermath of today's woeful results from Macy's, Kohl's and Nordstrom's, It may sound surprising, but there is one US industry that is doing even worse than "bricks and mortar" retail - restaurants. For those unfamiliar, we urge readers to skim our latest analysis of the state of the US restaurant indstry, which just suffered its worst monthly collapse since 2009. For everyone else, ahead of tomorrow's retail sales report, here are some evening thoughts from Bank of America on the divergence in eating patterns across America.