It is the 19th of August 2019

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"My Watch Is Off": HSBC Traders Used Code Words To Trigger Front-Running Trades

According to prosecutor Carol Sipperly, former HSBC currency trader Mark Johnson used just four words to trigger a massive, international front-running operation that netted his firm some $8 million in illicit profits: "my watch is off."

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Which American Cities Will File Bankruptcy Next?

We harp on the massive, unsustainable, yet largely unnoticed, debt burdens of American cities, counties and states fairly regularly because, well, it's a frightening issue if you spend just a little time to understand the math and ultimate consequences.  Here is some of our recent posts on the topic:

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Venezuela's Grim Reaper: A Current Inflation Measurement

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

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Hussman Eyes The Market's "Remarkable Moment Of Blissful Delusion"

"The present moment of blissful delusion is remarkable to witness. Take it in..." says John Hussman of Hussman Funds.

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