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Articles by Turdy Brown
The FBI Tried To Suppress 80,000 Documents On Saudi Ties To 9/11
The classified 28-pages of the 9/11 report have made global headlines lately as a handful of lawmakers battle to release them to the public. Those pages are believed by activists and members of Congress — who have seen them — to expose the role of Saudi Arabia, including government officials, in the terrorist attacks.
Would You Hire It: China's "Resume" Revealed
After the worst two-week start to US stock trading in history, bulls need some cheering up. So here, courtesy of Citi's Brent Donnelly, is some levity: this is what China's Curriculum Vitae would look like if it was applying for a job. It is also a great summary for those who need a simple cheat sheet of where China was, where it is, and where it is going. So would you hire it? Average: Your rating: None Average: 3 (3 votes)
Empire Fed Crashes At Fastest Pace "Since Lehman"
Against hope-strewnm expectations of a bounce from -4.6 to -4, Empire Fed printed a disastrous -19.37 - the largest miss on record. New orders collapsed, shipments plunged, and employees and workweek continue to contract. Forward-looking employment expectations also plunged. The last time Empire Fed crashed to these levels was the immediate aftermath of the Lehman bankuptcy and the global financial crisis and the peak of the recession in 2001... but we are sure this is just transitory.
US Consumers Tap Out: Retail Sales End Weakest Year Since 2009 As Control Group Tumbles
Several days ago, Bank Of America was "confused" why retail spending refuses to pick up, although it hoped that this would be a one time aberation and that the official government data would disprove what it was seeing in its card data. Well, that did not happen after the headline retail sales printed moments ago at -0.1% in December, falling from an upward revised 0.4%.
Paul Craig Roberts On Who Really Benefits From The Rate Hike
What Does Today’s “Rate Hike” Mean? The Federal Reserve raised the interbank borrowing rate today by one quarter of one percent or 25 basis points. Readers are asking, “what does that mean?” It means that the Fed has had time to figure out that the effect of the small “rate hike” would essentially be zero.
The Ridiculous Reason Why UK Cops Just Dropped A Broker Fraud Probe
A few months back, when US Attorney General Loretta Lynch was out to prove how serious the post-Holder DoJ is about prosecuting white collar crime, we went out of our way to explain exactly why it was that Wall Street banks were allowed to effectively demand immunity from punishment in exchange for guilty pleas in FX rigging cases.
All Trading Halted On NYSE, CNBC Stunned
“Wake up, people of the world and investors! Greece will come to your neighbourhood very soon, maybe not this year but next year or whenever…because the world is over-indebted and defaults will...
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