Business

While the WaPo admitted, two weeks after its infamous hit piece on "fringe media" which it labelled as "Russian propaganda fake news", that its entire article was based on reporting that was wrong, the adverse consequences are piling up for the sites named in the list, among which the popular conservative hangout Breitbart. German carmaker BMW, the restaurant chain Vapiano, supermarket chain Rewe, and Deutsche Telekom have all pulled their ads from the pro-Trump news site due to concerns about its content, the Associated Press reported on Wednesday.

Submitted by Michael Shedlock via MishTalk.com,

Liberals in the city of Portland Oregon have put their foot down against income inequality.

The “Orecrats” are not going after CEOs, but rather corporations that have CEO salaries the “Orecrats” deem excessive.

The tax penalty on corporations is as much as 25%.

Please consider Portland Adopts Surcharge on C.E.O. Pay in Move vs. Income Inequality.

Hold your real assets outside of the banking system in one of many private international facilities  -->    https://www.sprottmoney.com/intlstorage 

The Stock Market Is A Propaganda Tool

Posted with permission and written by Dave Kranzler (CLICK HERE FOR ORIGINAL)

In a surprise for markets, Mario Draghi gave (extended QE) and took away (tapered purchases) the punchbowl in what we are sure will be described as 'significant additional easing' even though bond traders are clearly disappointed. Having had 45 minutes to judge the market's reaction (steeper curves, lower EUR, higher bank stocks), we wonder what tape-bomb he will drop during the Q&A to spoil the party.

Full press release:

Monetary Policy Decisions

 

Via Dana Lyons' Tumblr,

esterday saw the VIX solidly higher despite the fact that stocks rallied hard; what do similar precedents tell us?