GE Is Crashing
The pre-market buyers of last resort, hoping that GE just kitchen-sinked by slashing its dividend by 50%... are in trouble.
Everything was fine until CEO Flannery started speaking...
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Pension Ponzi Bailout: Democrats Sponsor US Treasury Bailout Scheme
Authored by Mike Shedlock via www.themaven.net/mishtalk,
Most defined benefit pension plans are nothing but Ponzi schemes. Plans are now unraveling because of demographics. An increasing number of retirees, needing untenable returns, are supported by fewer and fewer people putting money in the system. Democrats sponsored a bailout scheme. Will it pass?
Pension and Investments reports Sen. Sherrod Brown to Unveil Multiemployer Loan Program Legislation.
Central Banks Finally Hit Their Targets... Just In Time For Another Crisis
They finally did it.
Since 2008, Central Banks have been desperately trying to generate inflation.
They know they cannot produce growth (hence why both the Fed and the ECB abandoned this as a goal in their statements back in 2013)… so they have chosen to “target” inflation.
To that end, Central Banks have maintained Zero Interest Rate Policy (ZIRP) as well as Negative Interest Rate Policy (NIRP) for the better part of eight years. They’ve also printed over $14 TRILLION in new capital and funneled it into the financial system.
For The First Time Since The Financial Crisis GE Slashes Dividend In Half
One months ago, we reported that according to option markets, GE - whose stock prices and operations have been in turmoil recently- was expected to massively slash its dividend, by just over 40%.
From "BTFD" To "Sell The Rip": Global Stocks Slide, Nikkei Tumbles, Pound Plunges
S&P futures gave up early gains and were trading down -0.2%, as Donald Trump completes his first Asian tour and as pressure mounts on U.K. Prime Minister Theresa May, sending the pound plunging. European stocks fell, tracking many Asian shares as the Nikkei plunge accelerated.