Business

Via StockBoardAsset.com,

Snopes.com is a failed liberal blog from 1994.  The website claims to
be the internet’s oldest and most popular fact-checking site. Last
year, Snopes Co-Founder was accused of embezzling company money, and spending it on prostitutes.

Now you can find the blog begging for $500k in funding via GoFundMe. So, far the campaign has raised $18,000 in 3 hours via 710 people...

Another victim of the fake news campaign backfiring on the left.

This morning, BofA has released a humongous, nearly 200-page "primer" on the global sharing economy which in the eyes of Wall Street and Silicon Valley is the biggest disruptor behind virtually all 21st century business models. Since it is impossible to summarize the report, which will be largely ignored by most of BofA's clients who will instead focus on the hundreds of charts scattered throughout, we will simply summarize the basics as laid out by BofA, and then present some of the more interesting charts, with the remainder to be published in subsequent thematic posts.

Bullish traders who insist that US economic fundamentals remain rock-solid despite tepid growth, inflation and other signs the postelection “Trump bump” in consumer confidence is already beginning to fade should take a look at the International Monetary Fund’s latest batch of quarterly forecasts for global growth.

The fund left its all-world forecasts for 2017 and 2018 unchanged from its previous quarterly update, which was released in April: It anticipates 3.5% and 3.6% growth, respectively.

Via King World News,

Today the man who has become legendary for his predictions on QE, historic moves in currencies, warned King World News that we are now in the frightening endgame.

Fear And Propaganda

Egon von Greyerz: 

Earlier today, the ECB updated the list of corporate bonds it bought in the latest week. While no individual bond purchase amounts were given, the ECB has bought into 980 issuances with a total of €683bn in amount outstanding (from 245 issuing entities). For the week ending 21st Jul, bond purchases stood at €0.7bn across sectors, bringing total Corporate Sector Purchase Program holdings to €101.1 Billion, an increase of €720MM in the past week. The complete list of ISINs can be found here courtesy of UBS.