Despite Donald Trump’s supposedly “better” (and that’s a relative term) performance in last night’s debate, the market is pretty clearly confident that the leaked tape of the billionaire’s “locker room talk” was the death knell for his campaign as stocks rallied in Europe and jumped triple digits ou
OK, so we’ll admit it. Despite what we said earlier, there were a few things going on today besides Deutsche Bank. For one thing, two people posing as police officers (ever seen The Town?) apparently robbed Kim Kardashian of $8 million in a hotel room in France. Now we don’t know where they think th
To quote Bill Murray from Groundhog Day, “well it’s Monday…. Again.” And to paraphrase the same dialogue “....and that must mean we’re talking about Deutsche Bank and OPEC. You want a winter prediction? I'll give you a winter prediction. It's gonna be cold. It's gonna be gray. And it's gonna last yo
Ok, so Deutsche Bank is all you need to know about today. We know we wrote about it earlier, but this is a major, major concern. Consider this from ABC News (and we don’t quote them as some kind of financial authority, but rather to emphasize the magnitude of the problem): “Germany's biggest bank is
Well, what goes up must come down and we suppose what goes down must come up - unless you’re Lehman of course. For some reason - and we know why - yesterday’s market boogeyman became today’s market savior in a testament to how ridiculous this whole enterprise has become. Here’s the headline summary
WSJ’s Summer Said has (probably inadvertently) found herself in the position of the proverbial “axe” on oil prices. According to her Twitter profile she’s “a Middle East Energy and OPEC Correspondent, The Wall Street Journal. Former Reuters Correspondent and actress.” To be clear, we have our connec
Well, don’t say we didn’t warn you on Wednesday. It was all about Deutsche Bank today as the ADRs crashed to record lows on reports hedge funds are pulling funds from the bank’s prime brokerage. In other words, there’s a run on Deutsche Bank. So for once this... ...didn’t matter. No OPEC deal was go
Well, what can you say? OPEC hit everybody with a haymaker. Here’s the bullet point summary via Bloomberg: “WTI trades near $45/bbl as market focuses on meeting between OPEC ministers in Algiers. Algeria proposes 796k b/d OPEC cut at meeting.” OPEC’s strategy of pushing out high-cost competitors is
You don’t know this, but we’ve been warning about Deutsche Bank for years. We’ve got great friends (and great people) who used to work at the bank and what’s amusing is that the last time we talked to them, they assured us that the idea of the company needing a government bailout was silly. Well,
You know, we don’t want to get too political here. That’s not our job. But let’s face facts. There’s a very real chance Donald Trump wins the White House. The Democrats picked the wrong candidate. That’s not to blame them. She was the obvious candidate. Or was she? She’s become an easy target for cr
