Last year Goldman Sachs entered into a settlement with federal and state governments over its role in packaging and selling toxic mortgage-backed securities in the housing meltdown to unsuspecting buyers while subsequently turning around and shorting those very same securities. As part of the settlement, Goldman agreed to provide $1.8 billion in homeowner debt relief to delinquent U.S. borrowers.
Authored by Howard Kunstler via Kunstler.com,
Well, of course they bugged Trump Tower. Why wouldn’t they? Trump’s big blunder du jour is that he tweeted “wiretapped,” like some hapless sap out of a 1950s I Was a Spy for the FBI movie. (I know people who still say “ice box,” too.) So he left himself - or rather poor Sean Spicer - open for a week of legalistic pettifogging by reporters acting as litigators for the Deep State’s intel corps.
Authored by Charles Hugh-Smith via OfTwoMinds blog,
The only possible output of a system lacking any discipline is self-destruction.
Whatever is free is squandered. When water is free, it's freely wasted. When electricity is free, there's no motivation to use it wisely.
For the 9th straight week (and 35th of the last 37 weeks), the US oil rig count rose this week (surging by 14 to 631 - highest since September 2015).
The rig count continues to track the lagged WTI price
US Crude production has accelerated at a faster pace than the lagged rig count...
And that is pushing OPEC to the breaking point:
With nearly 64 thousand followers, the name Randall Rye will likely be familiar to those who follow finance Twitter:
Having built up the substantial following since joining August 2011, the famous Randalph "Randy" Rye unexpectedly stopped tweeting just after the new year, with his last tweet hitting on January 5.
6.8668 Yuan fix vs 6.9307 just yesterday
— Randy Rye (@R_Rye) January 6, 2017
Why the sudden silence?