United States

As part of the annual Credit Suisse Global Wealth Report, which as discussed earlier found that for the first time ever, the "Top 1%" owns a majority, or 50.1%, of the world's wealth...

... the millionaire bankers behind the firm's (Ultra) High Net Worth client division decided to also shed some tears for the world's Millennials, whom they dubbed with one word: "unlucky"... a term which members of said generation will likely wear as a badge of honor (if only to justify their plight in life), while other generations will be eager to promptly mock.

Yesterday morning a series of 10 earthquakes struck Monterey County, California along the San Andreas fault line and has Cali residents increasingly concerned that the "Big One" could be next.  The quakes, the biggest of which measured 4.6 on the Richter scale, hit near Salinas, California but were felt 90 miles away in San Francisco.  Per SF Gate:

A 4.6-magnitude earthquake rattled Monterey County on Monday and was felt more than 90 miles away in San Francisco, officials said.

 

As tensions between the U.S. and North Korea mount, the DHS and FBI have just issued a pair of technical alerts about cyber attacks which they say are sponsored by the North Korean government and that have been targeting the aerospace, telecommunications and financial industries since 2016.  According to the alert, North Korean hackers have used a type of malware referred to as “FALLCHILL” to gain entry to computer systems and compromise network systems.

A day after the Atlantic revealed that Donald Trump Jr. exchanged direct messages with somebody (possibly Julian Assange) running Wikileaks’ Twitter account, Buzzfeed has published another ostensibly tantalizing piece of news that, like yesterday’s Trump Jr. non-story, fails to deliver on its headline’s lofty promise.

Authored by John Mauldin via MauldinEconomics.com,

When you write about economics, you learn very quickly that the economy doesn’t care what you say about it. The forces that drive it are beyond any one person’s comprehension, much less control.