Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Jacksons Ghost
Argentine Judge Orders Arrest Of Local Uber Executives, Shut Down Of Uber Mobile App
While Uber is dealing with fallout from its response to Trump's Friday immigration order, when it tweeted it would pause surge pricing, which was taken as a form of "strike breaking," whilst simultaneously profiting off the situation, and its actions were seen as seeking to grab market share from striking taxi drivers, leading to a #DeleteUber meme spreading across social networks, it has a more tangible problem in Argentina, where Buenos Aires prosecutor Martin Lapadi moments ago requested...
Violent Clashes Break Out Between Locals And Refugees In German Town
If Angela Merkel has been waiting for just the right moment when she can unleash the Bundeswehr to "pacify" the unruly public, she may have an opening. According to Deutsche Welle, in the small town of Bautzen in the state of Saxony, a second night of violent clashes broke out between residents and migrants.
Violent Protesters Riot, Burn Cars, Loot Buildings In Milwaukee After Police Kill Armed Suspect
Following an unstable, several week calme between police and US inner city minorities, violence and riots returned to the US when protesters fired gunshots, hurled bricks and set a gas station on fire on Milwaukee's north side on Saturday night, hours after a patrol officer shot and killed an armed suspect who took flight after a traffic stop.
The Most Cynical Take On Friday's Jobs Number: "The Fed Will Not Hike In September With Trump In The Race": Citi
If traders have a feeling that there is a prevailing sense of blase disenchantment involving not only US macro data but the overall market, you are not alone. Here is arguably the best, and thus most cynical take, of Friday's impressive seasonal adjustment factor payrolls report, from Citi's Brent Donnelly: Summer apathy and generally high frustration levels related to poor returns, extreme bearishness and existential questions around the death of price discovery due to central bank meddling.
Consumer Credit Jumps $19 Billion In May Thanks To New All Time Highs In Student And Auto Loans
The latest consumer credit report confirmed what we have now known for years: revolving credit remains stagnant at best, with just $2.3 billion in credit card debt added in May, a modest rebound from last month's $1.4 billion but certainly nowhere near pre-crisis monthly increase levels. Why not? Because US consumers once again found a way to "fungibly" convert non-revolving credit, namely auto and mostly student loans, into purchasing power.
Something "Unexpected" Happened After Starbucks Raised Minimum Wages
One year ago, when the political push to raise the minimum wage hit a crescendo, the CEO of Starbucks had some words of caution. Howard Schultz told CNN that minimum wage "should go up across the country", however he warned that "it will be very difficult for small business in the country at a $15 level to pay those kinds of wages." What about for his own company?
Judicial Watch Demands DOJ Inspector General Probe Into "Scandalous" Lynch-Clinton Meeting
The political scandal of the day was the news that on Monday evening (coincidentally just before the Benghazi report was released), Bill Clinton and US Attorney General Loretta Lynch just happened to meet on the tarmac at a Phoenix airport - totally unplanned of course. Clinton saw the attorney general and wanted to say hello, so Clinton boarded Lynch's plane to talk for a bit.
Germany Says "We Won't Let Anyone Take Europe From Us"
Yesterday we said that in the historic fallout and unprecedented confusion over Brexit, so far only one sure winner has emerged - namely Russia, where Vladimir Putin is watching the slow-motion collapse of this latest artifical aggregation of Europen states (a quick search of failed attempts at European integration results in tens of pages of results) with great interest and willingness to pounce at any opportunity - even as all of Europe is a loser, and nobody more so than Germany, whose...
Derivative Strategist Warns Of $150 Billion In Quant Selling Over The Next Three Days
When it comes to forecasts about upcoming major quant trades, few have been as prominent or as accurate as JPM's Marko Kolanovic, although to be fair, after having predicting up to $1 trillion in expiring S&P options two weeks ago, when he said that the "gamma imbalance turned towards puts yesterday ($9bn per 1% currently), and this will likely push realized volatility higher near term" and... nothing happened.
California Tops France As World's 6th Largest Economy
While Illinois' economy is bigger than Saudi Arabia's, as we detailed previously, it is California that reigns supreme among America's states (until the next tech crash). In fact, as Bloomberg reports, according to state data released this week, California has overtaken France as the world’s sixth-largest economy, fueled by strong growth and the U.S. dollar’s gains against foreign currencies.
JPMorgan Reports 3-5% Lead For "Leave" In Brexit Referendum
While normal poll results have been delayed on Friday as the Brexit campaign takes a day off following Jo Cox's death, moments ago JPM broke the polling embargo and as Reuters reports, JPMorgan said on Friday it saw a lead for the "Out" campaign in Britain's European Union referendum, based on an analysis of opinion polls. "Our attempt to clean up the polls for methodological issues suggests a lead for leave in the 3-5 percent range at the time of writing," researchers said in a note.
Chinese Spy Ship "Shadows" US, Japanese Naval Drill In Western Pacific
Following the recent escalation by China when it announced it is ready to impose an Air Defense Identification Zone to target US spy flights above the South China Sea and "thwart US provocations", China has decided to return the favor and as Reuters reports a Chinese observation ship shadowed the U.S. aircraft carrier John C.
The Subprime Mortgage Is Back: It's 2008 All Over Again!
Submitted by Simon Black via SovereignMan.com, Apparently the biggest banks in the US didn’t learn their lesson the first time around... Because a few days ago, Wells Fargo, Bank of America, and many of the usual suspects made a stunning announcement that they would start making crappy subprime loans once again! I’m sure you remember how this all blew up back in 2008.
Dramatic Footage Shows Moment Terrorist Was Shot After Tel Aviv Attack - Live Feed
While details are still sparse, Bloomberg reports that a gunman opened fire on Wednesday evening at the Sarona shopping center, a bustling area in central Tel Aviv full of cafes, pubs and restaurants, injuring at least nine people before being shot himself, police confirmed. One of the victims was in a critical condition, two others were seriously injured while six others had wounds with varying degrees of severity, Police Spokeswoman Luba Samri said.
Venezuelan Police Unleash Tear-Gas, Rubber Bullets Amid Violent Anti-Government Protests
The conflagration that is the collapse of a socilaist utopia continues to escalate in Venezuela today. With morgues overflowing, medicines running out, and apocalyptic scenes playing out across the nation, Venezuelans took to the streets of Caracas today - at the behest of the opposition - demanding a recall referendum to end Venezuelan President Nicolas Maduro's socialist rule.
The $2 Trillion Gamble That Saudi Arabia Cannot Win
Prince Muhammad Bin Salman, 30, the deputy crown prince of Saudi Arabia laid out his vision for Saudi Arabia on Monday in a plan called “Vision 2030.” He wants to get Saudi Arabia off its oil dependence in only 4 years, by 2020, and wants to diversify the economy into manufacturing and mining. In an interview with Al Arabiya, the prince said the future of the kingdom would be based on: 1.
What SocGen Thinks Happens Next: "The Longer The Fed Feeds This Game, The Bigger The Mess Will Be"
As the market has swung from despair in the first half of Q1 to sheer, central-bank driven euphoria, here are some words of cautin from SocGen's Andrew Lapthorne. From sanguine-to-bearish-to-complacent – What next? So far 2016 has been quite an emotional roller coaster, with equity markets having gone from sanguine-to-bearish-to-complacent in the space of just 64 trading days. At one point having been down almost 12% YTD, MSCI World has finished the quarter almost flat.
Greece Demands Explanation From IMF Over Leaked Transcript
Greek politicians wasted no time in seeking a response from the IMF over the leaked transcript released earlier today by Wikileaks suggesting the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief, and which according to the Greek government was "interpreted as revealing an IMF effort to blackmail Athens with a possible credit event to force it to give in on pension cuts which it has rejected." According to Reuters, "Greece...
This 'Dash-For-Trash' Rally Has Been Led By "Garbage"... Literally
While "most shorted" stocks have ripped higher in the last few weeks, and "weak balance sheet" stocks have soared, the real winner in this "dash for trash" is... garbage!! It appears investors can't get enough of "Waste & Disposal" stocks... The last time this index surged so far so fast was Oct 2011... and it fell 13% in the following month.
Consumer Confidence Tumbles To 5-Month Lows As "Hope" Fades
But, but, but - low gas prices, high stock prices... everything is awesome. It appears not even the average joe American consumer is fooled by the latest manufactured rally in stock prices as UMich confidence tumbles to 5-month lows (90 vs 92.2 exp) with future expectations "hope" perfectly anti-correlated with the surge in stocks... On the bright side, inflation expectations picked up modestly... but that hardly helps given the overall confidence hovers near 18 month lows.
Martin Shkreli, Valeant CEO Testify In Congressional Hearing On "Skyrocketing" Drug Prices - Live Feed
Everyone's favorite pharma "bro" Martin Shkreli is set to testify before the House Committee on Oversight and Government Reform on Thursday morning. The purpose of the hearing, as delineated on the committee's website is as follows: Also present will be Howard B. Schiller, interim CEO of Valeant and Janet Woodcock Director, Center for Drug Evaluation and Research for the FDA.
Craig Hemke: Unhinged Silver Fix and S&P Death Candle
Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL) I sat down with Craig Hemke, TFMetals Report to get a much-needed update on the S&P Death Candle and to get his take on what happened with silver last Thursday. Ponzi schemes are as old as time. We live in unprecedented times. In 2012 the U.S. government legalized propaganda and since then the lies and deceit we are fed have become common place, not to mention more disconnected from reality than ever before.
Not "Buying" The Santa Rally: In Week When S&P Rose 2.8%, The Smart Money Sold (Again)
Last week, when the S&P rallied 2.8%, the smartest money in the room sold. At least, that's what happened according to BofA's equity and quant team, which provides a weekly snapshot of what its clients do in any given period. Here are the details: "BofAML clients were net sellers of US stocks for the second week, in the amount of $0.7bn. Net sales were chiefly due to institutional clients last week, who have sold stocks for eight consecutive weeks.
Market Confidence In The Fed's Policy Error (Summed Up In 1 Chart)
The Big Banks manipulate credit default swaps to perpetrate economic terrorism against other nations in the world, where they literally destroy the economies of those victim-nations. It used to be a...
Eurozone Rejects Greek Bailout Extension: All Bailout Programs Expire On June 30, Referendum Moot
First thing this morning, when summarizing the flurry of overnight events, we focused on today's final gambit by Greece: "... moments ago Varoufakis was quoted as saying he would ask the Eurogroup for a bailout extension of a few weeks to accommodate the referendum. And the punchline: if the Eurogroup says "Oxi", then the entire Greek gambit, which has been a bet that to Europe the opportunity cost of a Grexit is higher than folding to Greek demands, collapses.
Bond-Buying-Frenzy Saves Stocks From Giving Up All 'Goldilocks' Gains
Another day of carnage in bond markets, rescued to a smolder by a mysterious global bond buyer... makes us wonder just how long before that 'smolder', explodes... Bonds made the headlines... as overnight carnage was aggressively bid from before the US Open to assuage equity weakness... (TSY yields are still up 8-11bps on since Friday) Bond prices since Payrolls are higher for 5Y, flatish for 10Y and down for 30Y... Futures show the swings better than cash...
Why Is The US Treasury Quietly Ordering "Surival Kits" For US Bankers?
The Department of Treasury is spending $200,000 on survival kits for all of its employees who oversee the federal banking system, according to a new solicitation. As FreeBeacon reports, survival kits will be delivered to every major bank in the United States and includes a solar blanket, food bar, water-purification tablets, and dust mask (among other things). The question, obviously, is just what do they know that the rest of us don't?
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Jacksons
Contact Jacksons, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack