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Homer E. Rectus

As seen in: Zero Hedge
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Articles by Homer E. Rectus

When Energy Loans Go Bad: Why America's Largest Bank Is Sliding

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By Mike Masr, Homer E. Rectus
| Zero Hedge
Following yesterday's stronger than expected results from JPM, today Wells Fargo - America's largest bank by market cap -  is having a far less pleasant day, trading down 3%, on what superficially was disappointing earnings. What was the problem? There were several. First, net income slid to $5.6 billion, or $1.01 a share, from $5.72 billion, or $1.03, a year earlier despite a nearly $1 billion increase in revenue to $22.2 billion.
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Forget Tightening... the Fed WANTS Inflation

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By Sprott Money, Homer E. Rectus, Stu Elsample
| Zero Hedge
Remember how the Fed claimed it was embarking on a tightening cycle? Well, the Fed failed to hike interest rates in January, March AND April despite the “data” hitting levels at which the Fed said it would hike. There is now talk of a potential hike in June… but the Fed futures indicate less than half of traders expect another hike All talk of a tightening cycle was just another “point” in the narrative of recovery. The fact is that there has been no significant recovery for the US economy.
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The Fed's Next Headache: One Third Of Q1 GDP Growth Was Just "Revised" Away

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By Phoenix Capital., Tyler Durden, Homer E. Rectus
| Zero Hedge
On Friday, the US government's Bureau of Economic Analysis had some good and some not so good news: the good news was that the final estimate of Q4 GDP was revised higher from 1.0% to 1.4% (driven by an odd rebound in spending on Transportation and Recreational services).
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Bill Clinton: "Sometimes I Wish We Weren't Married"

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By Sprott Money, Tyler Durden, Sivad UK, E. F. Mutton, Homer E. Rectus
| Zero Hedge
Yesterday it was the irony of "sexist" Sanders' claims. Today, Hillary's husband is at it again - making headlines for all the wrong reasons... As NBCNews reports, in his last appearance before the primary here on Tuesday, former President Bill Clinton said he wishes "sometimes" that he wasn't married to Hillary Clinton because then he could speak more freely.
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