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Showing posts from June 1, 2016

GATA | THE GATA DISPATCH - June 1, 2016: Auto, Housing Debt Worsens as Petrodollar Fades, Embry Tells KWN

Submitted by cpowell on  June 1, 2016 .  June 1, 2016 Sprott Asset Management's John Embry tells King World News today that auto loan debt in the United States has gotten junkier than mortgage debt, which is pretty junky itself, while the U.S. dollar is losing support from the oil trade. An excerpt from the interview is posted at KWN here: http://kingworldnews.com/50- year-veteran-warns-we-are- headed-for-another... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org

GATA | THE GATA DISPATCH - June 1, 2016: GoldSeek Radio Interviews GATA Chairman Bill Murphy

Submitted by cpowell on Wednesday, June 1, 2016 . June 1, 2016 GoldSeek Radio's Chris Waltzek today interviews GATA Chairman Bill Murphy about the changing dynamics of gold and silver trading. The interview is 11 minutes long and can be head at GoldSeek here: http://radio.goldseek.com/ nuggets/murphy.05.31.16.mp3 CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org

WSJ | Major Indexes Closing on June 1, 2016

The Wall Street Journal Major Indexes Closing Major Indexes 5:39 p.m. EDT 06/01/16

SEC Press Release - June 1, 2016: Brokerage Firm Charged With Anti-Money Laundering Failures.

  The Securities and Exchange Commission today charged a Wall Street-based brokerage firm with failing to sufficiently evaluate or monitor customers’ trading for suspicious activity as required under the federal securities laws. 

DealBook P.M. Edition on June 1, 2016: Top Story: Fed Report Points to Slight Rise in Inflation, Tight Job Market

    Wednesday, June 1, 2016 TOP STORY Fed Report Points to Slight Rise in Inflation, Tight Job Market Inflation pressures grew slightly across most of the United States from April to mid-May, the Federal Reserve said in a report that also pointed to rising labor costs for American companies. The Fed's Beige Book found that labor markets appeared to be tightening despite "modest" job growth.

NYT | International Business - June 1, 2016: Countries Must Spend to Escape "Low-Growth Trap," O.E.C.D. Says

nytimes.com Reuters Applicants at a job fair in Louisville, Ky., in May. The O.E.C.D. scaled back its estimate for economic growth in the United States. Luke Sharrett/Bloomberg PARIS — The world economy is locked in a “low-growth trap” and will expand this year at its slowest pace since the financial crisis, the Organization for Economic Cooperation and Development said on Wednesday, urging governments to increase spending.

FTC Scam Alerts - June 1, 2016: Learn How to Fight Fraud - at Your Library!

by Carol Kando-Pineda  Counsel, FTC's Division of Consumer & Business Education Book lovers flock to their local library to pick up a favorite classic or the latest bestseller. But today library visitors also want and need a whole lot more. In addition to providing traditional services, librarians help diverse groups of people navigate a complicated world, including how to avoid scams. As for scams, there’s one thing we know for sure: we’re all consumers – and we’re all targets for fraud. Scammers are good at what they do. They’re professionals who know how to create confusion and prey on emotions to throw people off-balance just long enough to take advantage. Our job is to give people a heads-up so that maybe they don’t get knocked off balance and they don’t get ripped off. Learn how to fight fraud – at your library! Read more >

FRB Beige Book - June 1, 2016: : Summary of Commentary on Current Economic Conditions by Federal Reserve District

 Beige Book Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis. 2016 January 13 HTML | PDF March 02 HTML | PDF April 13 HTML | PDF June 01 HTML | PDF July 13 September 07 October 19 November 30 Last update: June

The Guardian | Opinion | EU Rederendum - June 1, 2016: EU Debate: The Most Abusive Political Campaign Ever in Britain

theguardian.com   Andrew Sparrow 2.07pm BST 14:07 Thanks everyone, that was a really insightful and worthwhile discussion. Really pleased to see such great comments below the line (as James says putting them politicians to shame). We will be back next week with another debate – if you’ve got any comments/ suggestions/ideas etc then drop me an email on sarah.marsh@theguardian.com or tweet @guardianopinion. Cheers everyone - happy Wednesday! 1.58pm BST 13:58 James Walsh W e’ll be wrapping up comments in a few minutes - thanks for all the contributions over the past two hours. Loads of great argument below the line, and you’ve been quite polite, too, putting those politicians to shame. Here are a couple of contrasting views, taking in Cameron’s “shrill denunciations”, bombast, and the potential for a post-Brexit geographical schism. Updated at 1.59pm BST 1.46pm BST 13:46 Within the Tory party the po

Bits | The Business of Technology - June 1, 2016: American Tech Giants vs. the Nation-State

Wednesday, June 1, 2016 Wednesday, June 1, 2016 Daily Report American Tech Giants vs. the Nation-State | Virtual reality is all fun and games, until your avatar gets strip-searched at the border.

European Markets at Close Report, by CNBC on June 1, 2016: Stocks Ends 1% Down as Miners, Banks Weigh; ECB, OPEC Eyed.

cnbc.com   Arjun Kharpal, Alexandra Gibbs, Holly Ellyatt   European stocks finished in the red on Wednesday as sharp declines from European banks and miners weighed on sentiment, ahead of a number of key policy events due out later this week. The pan-European STOXX 600 ended down 1 percent provisionally, with almost all major sectors posting strong losses by the close.

FDIC Press Release - June 1, 2016: Net Income Declines 2 Percent to $39.1 Billion At FDIC-Insured Institutions in First Quarter 2016.

ESA | Construction Put in Place: Construction Spending in April 2016 was down 1.8% at a Seasonally Adjusted Annual Rate from Revised March 2016...More

  Construction spending in April 2016 was $1,133.9 billion at a seasonally adjusted annual rate, down 1.8 percent from the revised March 2016 estimate and up 4.5 percent from April 2015.  Construction Put in Place (April 2016).pdf Economics & Statistics Administration

Bloomberg Politics - June 1, 2016: Kristol Eyes Conservative Lawyer David French for Independent Presidential Run Eyes Co

bloomberg.com   Mark Halperin  John Heilemann   Two Republicans intimately familiar with Bill Kristol’s efforts to recruit an independent presidential candidate to challenge Donald Trump and Hillary Clinton have told Bloomberg Politics that the person Kristol has in mind is David French—whose name the editor of the Weekly Standard floated in the current issue of the magazine.

Bloomberg View - June 1, 2016: There Goes the Fed Credibility.

bloomberg.com Narayana Kocherlakota   Back in January 2012, the Federal Reserve promised to keep its preferred measure of inflation close to 2 percent over the longer run. More than three years later, that promise remains unfulfilled, casting doubt on the central bank's willingness to deliver.

NYT First Draft on Politics - June 1, 2016: Donald Trump Lashes Out at Media While Detailing Gifts to Veterans, by Maggie Haberman and Ashley Parker

Wednesday, June 1, 2016 Wednesday, June 1, 2016 The lobby of Trump Tower in Midtown Manhattan before a news conference on Tuesday. Damon Winter/The New York Times Donald Trump Lashes Out at Media While Detailing Gifts to Veterans By MAGGIE HABERMAN AND ASHLEY PARKER

DealBook Today's Top Headlines - June 1, 2016: The Struggles of Today's Sumner Redstone | Dell Buyout Deal Shortchanged Shareholders | Softbank to Sell Stake in Alibaba

    Wednesday, June 1, 2016 TODAY'S TOP HEADLINES By AMIE TSANG THE STRUGGLES OF TODAY'S SUMNER REDSTONE Twenty years ago, Sumner Redstone might have taken the "Godfather" approach to his business . But now, struggling with ill health, Mr. Redstone has failed to quickly remove Philippe P. Dauman as chief of Viacom, Steven Davidoff Solomon writes in Deal Professor.