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Albert Edwards "Fed Is A Slave To The S&P 500": Would Kevin Warsh Change That?

Albert Edwards "Fed Is A Slave To The S&P 500": Would Kevin Warsh Change That?

Authored by Mike Shedlock via MishTalk.com,

Society General’s Albert Edwards was at the Bank Credit Analyst annual conference in New York last week.

Also in attendance were Larry Summers, Paul Volcker, and potentially the next Fed Chair, ex Fed-Governor Kevin Warsh.

Edwards’ email comments on Warsh and Summers ring a bell with me.

I was the first speaker and afterward I enjoyed listening to every other speaker at the two-day event.

 

Spanish Stocks Tumble On Growing Catalan Crisis; Dollar Weakens As China Jumps

Spanish Stocks Tumble On Growing Catalan Crisis; Dollar Weakens As China Jumps

While U.S. equity futures were little changed in a rerun of every other morning this month ahead of a diagonal ramp that closes the S&P at daily all time highs, things were more volatile elsewhere with the dollar sliding as investors weighed the possibility that current Fed Governor Jerome Powell, seen widely as far more dovish than Kevin Warsh, might take the reins from Janet Yellen, who Bloomberg reported was said to be getting the cold shoulder.

The Largest Hack Ever? Yahoo Admits 2013 Data Breach Impacted All 3 Billion Accounts

The Largest Hack Ever? Yahoo Admits 2013 Data Breach Impacted All 3 Billion Accounts

Is it too late for Verizon to get some more of its money back?

After the entity responsible for selling Yahoo agreed to cut $350 million off the company’s sales price earlier this year following revelations that hackers had stolen sensitive  account information of as many as 1.5 billion user accounts during two separate data breaches, the Wall Street Journal is now reporting that the scale of one of those intrusions was much larger than initially believed.

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