David Rockefeller, the famous banker and philanthropist with the family name that controlled Chase Manhattan bank for more than a decade and wielded vast influence around the world in the world of finance, has died on Monday morning at his home in Pocantico Hills, N.Y. He was 101.
A family spokesman, Fraser P. Seitel, confirmed the death.
Below is an exccerpt of his obituary from the NYT:
Following bearish reports from Goldman (which tactically downgraded stocks to Neutral for the next three months just hours before the Fed rate hike), RBC and JPM's head quant Marko Kolanovic over the past week, overnight Credit Suisse decided to take the other side of the trade and hiked its year end forecasts for the S&P500, and pretty much every other risk asset, noting that it is happy to "climb the wall of worry", and prefers equities to bonds.
After raising capital at a 35% discount over the weekend, Deutsche Bank shares are tumbling once again - back into the red for 2017 - after CEO John Cryan warned that revenue would be "broadly flat" in 2017. As Bloomberg reports,
Germany’s biggest bank has seen revenue falling or little changed from last year across most of its businesses. For the full year, the lender expects revenue to be “broadly flat,” it said in its annual report published Monday.
Mainstream Media in Total Collapse
Paul Craig Roberts
Few any longer believe the “mainstream media,” that is, the presstitutes. This has put them into a panic as the presstitutes lose their value to the ruling elite if the presstitutes cannot control the explanations in order to justify the self-serving agendas of the ruling elite.
To fight back against the alternative media that does tell the truth, a secret group, PropOrNot, as well hidden as an offshore money-laundering operation, published a list of 200 websites accused of being “Russian agents/dupes.”
Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism, suggesting the "weak Dollar" camp in Trump's inner circle is winning.