Business

In a somewhat shocking break from the age-old tradition of lying and obfuscation, Bank of Japan policy board member Takehiro Sato raised significant concerns about global financial stability in a speech last week. In addition to raising concerns about Japanese economic fragility, Sato warned that due to the impact of negative interest rates, he "detected a vulnerability similar to that seen before the so-called VaR (Value at Risk) shock in 2003."

Via Dana Lyon's Tumblr,

Despite ubiquitous calls and expectations for rising interest rates, yields on the long bond closed the week at a 52-week low.

Submited by David Stockman via Contra Corner blog,

Donald Trump can instantly get to the left of Hillary with respect to Wall Street and the one percenters by embracing Super Glass-Steagall.

While Obama enjoys taking credit for the "strong" job growth in the US under his administration, the following chart courtesy of Deutsche Bank shows which jobs were created in the past two years.