Household Wealth Hits A Record $96.2 Trillion... There Is Just One Catch
In the Fed's latest Flow of Funds report, today the Fed released the latest snapshot of the US "household" sector as of June 30, 2017.
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What Catalyst Could Trigger A Credit Risk-Off Event? Here's The UBS Answer
"What is THE catalyst?"
As all traders know, and as UBS repeats this morning in a new report by credit strategist Matthew Mish, one if not the mostly commonly asked questions is "what events could disrupt global corporate credit markets heading into year-end and early 2018."
Trump Launches New Sanctions On North Korea Through Executive Order
As Gen. McMaster previewed earlier in the day, moments ago President Trump announced a new executive action that "significantly expands" US authority to target individuals, companies and financial institutions that finance or facilitate trade with North Korea.
“I am announcing a new executive order to sign that significantly expands authorities to target individuals, companies, financial institutions that finance and facilitate trade with North Korea,” Trump said.
While details remains scarce, among the notable big picture actions to be taken include:
1 In 5 Students Endorse Violence To 'Prevent' Controversial Speakers
Authored by Nikita Vladimirov via CampusReform.org,
A new survey published by The Brookings Institution finds that about one-in-five undergraduate students approve of using violence to shut down controversial speakers.
A majority of undergraduate students at U.S. four-year colleges and universities also agreed with a hypothetical protest in which a group “opposed to the speaker disrupts the speech by loudly and repeatedly shouting so that the audience cannot hear the speaker.”
SEC Admits US Public Filing System Was Hacked, "May Have Resulted" In Countless Illegal Profits
Over two years ago, on an otherwise uneventful Thursday in May 2015, shares of Avon Products suddenly jumped 20% leaving investors stunned. The catalyst was quickly discovered: a filing recently uploaded to Edgar, the SEC’s public filings database and purportedly from London-based “PTG Capital”, claimed that the "private-equity" firm was bidding to take Avon private. Upon closer inspection, investors noticed a series of glaring, suspicious errors. For one, the document was riddled the spelling mistakes – the firm’s own name, consisting of a three-letter acronym – was repeatedly misspelled.