Sports

Bored as you wait for Yellen's Wednesday testimony? Finding yourself switching over to Wimbledown every now and then? Not only are you not alone (Bloomberg has a note out overnight titled "Fedspeak Takes Second Place to Wimbledon Fed"), but you may actually be conducting "fundamental analysis."  As Bloomberg's macro commentator Marc Dumore explains, "there’s some historical evidence that investors might be better off watching the other Fed’s performance at Wimbledon."

Here is Cudmore's explanation why.

As if Illinois didn't have enough to worry about between an imminent downgrade to junk (as soon as July 1), soaring debt costs, insolvent pension funds, and roads that may soon resemble the lunar surface, today in the latest insult to a relentless series of injuries, the lottery itself, including the popular Powerball and Mega Millions, is set to dump Illinois because the state literally can't afford to payout winners.

Putin: “Germany Is Not A Sovereign Country”

http://russia-insider.com/en/politics/putin-roasts-merkel-unlike-germany-russia-enjoys-privilege-sovereignty/ri20023

The post Putin: “Germany Is Not A Sovereign Country” appeared first on PaulCraigRoberts.org.

Leading English Premier League football (soccer) stars are demanding to be paid in euros because of the weak value of the Pound, according to Manchester United, the wealthiest club in world football.

As The FT reports, speaking at the KPMG Football Benchmark event in London on Wednesday. Cliff Baty, the English Premier League side’s chief financial officer said that last summer’s Brexit vote, which led to a sharp drop in the pound against the euro, had complicated the transfers of big-name players.

Authored by William Anderson via The Mises Institute,

When the cable TV sports giant ESPN announced 100 layoffs recently, including letting go a number of high-profile broadcasters, a lot of people took notice, and well they should: things no longer are business as usual in sports broadcasting, and we are not even at the beginning of the end, and maybe not even the end of the beginning.